比特币永续合约125倍开多少张合适呢比特币永续合约一张多少钱

2023-04-04 04:18:45

A. 125倍杠杆保证金率到多少爆仓

保证金率如下：
BTC经常一小时内能波动1000USD，以现价计，1000/47000=2.13%，
加125倍杠杆，2.13%*125=2.66%
也就是说，你预留的保证金应该至少大约买合约耗费的2.66倍
否则，你连一个1小时内的异常波动都扛不住

B. 合约里的一张是什么意思

一张就是一份合约。
一张比特币合约为100美元。
1.交割合约合约标的：BTC美元指数合约乘数：每点1美元报价单位：点最小变动价位：0.01点合约类型：当周、次周、季度、次季度合约价值(每张)：100美元倍数：1倍-125倍最后交易时间：合约到期交割之前都可以交易，但到期的最后10分钟不能开仓，只能平仓交割日期：合约到期当周周五下午4点(GMT+8) 交割方式：现货差额交割交易手续费率：开仓Maker手续费：0.02%;开仓Taker手续费：0.04%;平仓Maker手续费：0.02%;平仓Taker手续费：0.04%; 交割手续费率：0.015%
2.永续合约合约标的：BTC美元指数合约乘数：每点1美元报价单位：点最小变动价位：0.1点合约类型：永续合约价值(每张)：100美元倍数：1倍-125倍资金费用收取间隔：每8小时结算周期：每8小时4:00、12:00、20:00(GMT+8) 交割日期：此合约为永续，无交割日期交易手续费率：开仓Maker手续费：0.02%;开仓Taker手续费：0.05%;平仓Maker手续费：0.02%;平仓Taker手续费：0.05%;
拓展资料：比特币合约有哪几种？
永续合约
永续合约是一种数字资产衍生产品，用户可以通过判断涨跌，选择买入做多或卖出做空合约来获取数字资产价格上涨/下降的收益。类似于一个担保资产现货市场，它的价格接近于标的参考指数价格，锚定现货价格的主要机制是资金费用。永续合约没有交割日，用户可以一直持有。永续合约每8小时结算一次，每次结算后会将已实现盈亏、未实现盈亏转到用户账户余额中。
交割合约
交割合约是一种数字资产衍生产品。用户可以通过判断涨跌，选择买入做多或卖出做空合约来获取数字资产价格上涨/下降的收益。火币合约使用差价交割的模式，合约到期时，所有未平仓的仓位，按照指数价格最后一小时的算术平均价进行平仓，而不是进行实物交割。

C. 永续合约持仓量是指个人购买的张数

持仓量是指没有平仓的持有多单和空单的总和。成交量是指当时持有多单和空单以及之前的所有多空单已经平仓的总交易量。举例讲：总合约是1万手，当时开仓多单1500手，空单1000手，均没有被平仓，持仓量就是2500手。之前因为是T+0，多空均不断开仓平仓，它们的总和就是成交量。

D. 成本的1.25倍什么意思

如果我们觉得市场已经准备好了。我们可以爬得更高。”

2019年7月，一位区块链链创业者在与赵长鹏闲谈时，曾建议币安将杠杆率提高到20倍以上。彼时币安刚刚正式开放交易，期货合约交易Binance Futures还没有上线。

对于友人的建议，赵长鹏提出了如上看似轻描淡写但又意味深长，难以捉摸的回答。

三个月后，币安果真做出了出乎所有人预料的动作-开通125倍合约杠杆。

对于大公司而言，任何能引起舆论争议的重要决策，都不会是基于一时冲动的结果，其背后隐藏着团队核心成员对趋势的判断，对团队战斗力的预测，以及对终局胜利的笃定。

125倍合约杠杆对于币安的意义是什么？

它可能是硬币安在合约市场后来居上的催化剂，也可能是刺激用户增量的强心针。

杠杆的历史

币安不是第一家用合约以及高杠杆来刺激用户增长和交易量的公司。

专注于合约市场，并于2016年开始提供永续合约交易的国外老牌交易所Bxxxxx，拥有100倍的高杠杆，成为众多资深玩家的战场，长期霸占数字货币交易所交易量前四的位置。

今年6月27日，Bxxxxx创始人对外宣布，其比特币永续合约24小时交易量达到了111.91亿美元。

2018年12月之前，Oxxx最大杠杆只有20倍。12月19日Oxxx在推出加密货币永续合约的同时，丰富了杠杆倍数，用户可以根据保证金大小，自由选择1-100杠杆。

公开数据显示，在全球所有提供合约交易的交易所中，2018年12月23日12:00到12月24日12：00，Oxxx24小时交易量达到了266.15亿人民币，占据榜首。而老牌交易所Bxxxxx以161.37亿人民币的交易量排名第二。

在Oxxx利用合约抢夺用户的第四年，火x也终于按耐不住，于2018年11月11日，发布了《关于火x合约Beta版定向邀请通知》，宣布自11月12日开始定向邀请部分火x用户参与合约Beta版交易体验。

目前火x合约交易只提供1倍，5倍，10倍，20倍的杠杆。这是在Bxxxxx，Oxxx大步快跑，强悍进攻的路线，火x略显谨慎。

其创始人在全员信中指出，火x合约上线首月，交易量就已经突破200亿美元，上线87天，成交量突破500亿美元。

大约于火x，Oxxx等交易所，币安在合约市场的表现，变得更加凶悍，在上线合约不到两个月的时间，便将杠杆率上调至125倍。

账面资金充盈，用户基数大，部分口碑好等都是硬币安这次凶猛尝试的底气，但最终币安能否如Bxxxxx，Oxxx一样利用高杠杆获取用户数和交易量的大量攀升，看的还是它对用户的价值。

币安合约125倍的优势究竟是什么？

125倍的优势

经过对币安内部员工和币安合约用户的采访，我们总结出了币安125倍杠杆的四点优势：

一，资本效率极高，寸头费用少

在现货市场上，如果要交易1个BTC，则需要有几个个USDT。但是，使用Binance。在币安合约用户看来，在币安期货上进行交易的主要好处是它的资本效率极高。期货，用户可以用少量成本开仓。杠杆交易，用户花在该头寸上的费用就越少。

假设当前的比特币价格为10,000 USDT（为了便于计算/愿意存在），如果用户有100 USDT，仅凭100USDT只能购买0.01 BTC。但是，如果用户将100 USDT转移到Binance期货上，用户将能够以高达125倍的杠杆率进行交易，并建立1.25 BTC的买/卖或卖/卖空头寸。

这样，与仅购买0.01 BTC比例，拥有1.25 BTC头寸获得更高的收益，同时为所开立的头寸使用替代的加密货币。

假设用户上周持有100 USDT，当时杠杆只有20倍，而不是本周。（1 BTC仍为10,000 USDT。）在这种情况下，用户本可以打开的最大头寸为0.2 BTC。

现在，假设在两种情况下，用户都输入了买入/买入头寸。在一个小时内，BTC从10,000 USDT升至11,000 USDT。在20倍杠杆率的情况下，用户的0.2 BTC多头头寸将为自身带来200 USDT的收益，扣除交易费用（Binance Futures的价格远低于预期）。但是在125倍杠杆率情况下（头寸为1.25 BTC），用户的利润将增加到1,250 USDT。

二，误差幅度小，减少风险

杠杆作用可以使用户的收益成倍增长，当用户开立买入/多头头寸而市场下降时，或者当用户开立卖出/空头头寸而市场增长时，杠杆也可能使用户的风险和潜在损失加重。

在某个价格点上用户的头寸将被清算，并且用户损失了支付该头寸的资金。清算价格取决于杠杆。在上面的示例中，如果价格跌至9,540 USDT，用户的20倍杠杆多头1 BTC头寸输入10,000 USDT将自动被清算。但是对于125倍杠杆，偏差幅度更小：如果价格跌至9,950 USDT，用户的买入/多头头寸将被清算。

三，风险引擎和清算模型减少用户损失

由于期货交易带有风险，因此币安期货的最终任务是保护用户并避免潜在的损失。币安期货提供止损订单，止盈限价订单和其他选择，可以在用户到达清算点之前平仓，甚至用户不

币安期货将可持续的基于加密的期货交易引入该行业，使以用户即使在面对潜在的高风险时也。能感到安全。Binance期货杠杆交易由复杂的风险引擎和清算模型提供支持，该模型可以为用户提供快速的结果，其中包括许多安全功能，这些功能可以进行地保护用户。

四，提供零血压时间的定制杠杆。

币安团队表示，目前量身定制的杠杆实施已交付，对市场的暂停时间为零，币安希望在不中断交易操作的情况下为期货交易平台提供升级和增强功能。

据悉，币安手机App安卓版已支持合约交易，用户可以在手机上便捷操作。

合约的未来

从期货交易在日本幕府时间出现至今，合约产品一直在不断地进化和相互交叉中前进于丰富和完善。

币安推出125倍的杠杆率是加密货币合约市场又一个重要的尝试。

从前文中提到的四点，不严重出币安现在完成了替代产品性能的领先优势。如果币安凭此优势，为用户继续创造良好的体验，让更多用户愿意尝试并接受125倍杠杆，币安在数字货币合约市场不仅仅能做到后来者居上，甚至成为明星产品。

当然，这势必会引来其他交易所的“学习”和竞争。

竞争可怕吗？

竞争并不可怕，竞争可以带来更好的用户体验和健康的市场。

竞争使企业更清醒。

E. 比特币开100倍合约要涨多少才回本

在这个交易的市场，走过来的人都知道，满仓的压力实在是太折磨人了，行情不怕涨，不怕跌，就怕横盘搞震荡，这种震荡行情才会让持仓者痛苦不堪，左右为难，一次一次的再和自己的希望和恐惧做博弈。

新人经历：

今天一位币友找到我，他说他做了20倍ETH合约，资金体量还是很大，已经连续一周没有好好眨眼睡好觉了，今天冒着亏损也把它平了，以后再也不敢去碰杠杆合约了，感觉这一个多星期就是像经历过一个世纪一样，他说他终于感悟到了我去年在合约市场的不容易了，也终于体悟到希望、绝望、恐惧背后的含义了。

这位币友是在ETH1878左右开的20倍多头，本以为比特币都突破新高了，ETH也一定会突破新高，然后就行动起来；刚开始的时候是在赚了20%，后来价格就开始下跌，收到一大堆早毁态需要添加保证金的短信，为了不爆仓开始疯狂加保证金，而后续的价格又是一涨一跌，市场上每波动一个点，对他来说就是20%的波动，他在这一个星期之内不断的面对失去、得到....最后自己的身心被一个20倍合约所拖垮，今天实在是体力和精神不支，而做出平仓离场的举动，当平仓以后他反而感觉得前所未有的轻松。

合约普及：

在比特币的合约市场中总是充斥着一夜暴富的神话，到目前为止根据数据表明这个合约的市场大约只有1%的人最终会赚大钱，而那99%的人都会因为“爆仓”而出局。但是可悲的是，进入高倍杠杆合约99%的人认为自己是那1%的赚大钱的人，你说这样的结局会如何？

前几年还好，20倍顶天了，现在各个交易所都陆续推出了125倍、100倍...永续合约，在交易所推手的助推下，越来越多的币圈交易者开始迷恋上了高倍杠杆合约交易。

你知道面对100倍的高倍杠杆意味着什么吗？如果在你持仓方向对的情况下，只要价格波动超过1%，你的资产可以翻倍；同样的如果持仓方向错误的情况下，只要价格波动超过1%，你有两种选择，要么无休止的增加保证金来扩大亏损，要么就是“爆仓”血本无归。用一个最简单的例子：假如你在10000美金买的比特币做多（看涨）如果比特币向下跌1%，也就是跌破9900，只要这100美金的差距，那么恭喜你，你的仓位爆仓了。

大数据掌握在交易所的手里，交易所挑动10%的价位都是轻而易举的，何况1%呢？100倍的杠杆你就相当于把自己资金的命运彻底放在了交易所的手里，你的头顶随时都悬着一把屠刀，在这里阿基米德的名言将会被改写：给我一个杠杆，我将亏掉整个地球。

行情解读：

有行情你就是明星，没有行情任何币种都是空气，市场更没有所谓的专一投资者，市场现在是这样，将来亦是如此，今天就先剖析这五个币种。

image.png

比特币：目前的比特币还是属余谨于横盘震荡期，处于6万——5.48万之间的一个箱体运动，只有当一陆源个外力打破这种箱体运动之时，行情会朝着一边倒。

image.png

以太坊：如上图可以清楚的看出，现在的ETH是以守待攻，弱势的不能在弱势了，在前后两边的交易密集区的轨道上小幅度震荡，也是在等BTC的明朗趋势。

image.png

波卡币：波卡币真可谓是后来者居上，直接取缔了EOS，无论是币种数量、体系运转方面，EOS他们俩可谓是大径相同，唯独造势方面的热度可能是照2018年EOS的热度低那么一些。纵观这些它自2019年以来的走势表现，和最近一个月的表现连续冲顶，可以想象出这个是想和ETH做斗争的币种，在这个箱体之内运转的越久，一旦突破限制，价值就会越大。

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柚子币：EOS如果说他是垃圾币，也无话可说，如果谁在2020年持有EOS，那么他将错过了整个牛市，通过月K线你明显会看出来说他垃圾一点也不错，根本没有多大的涨幅。但是今年注定是一个不一样的一年，其他币种都在狂涨，而只有它还盘活在底下边缘，势必会引起市场的一阵追风；经过这两年的沉浸我相信它的顶部持有者也都会割肉的割肉，走的走，后续拉盘的阻力也会减少太多，不说能否到达波卡币的价格，1倍的市场价格也是随便赚。

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瑞波币：同样也是一个剑走偏锋者，一个误判了趋势才会从前三跌出来的币种，从去年11月份连续三天长拉，解套了太多高位者，接下来的走势并没有跟上，反而是一个断崖式下跌，硬生生的把一副好牌打个稀巴烂。看到最近的交易量和走势，也准备趁着狗狗币、ADA的风波把自己再助推上去，盘活一下新的市场，上涨拉盘是它最近要做的事。

最后：高倍杠杆合约就像一只潘多拉魔盒，当你充满希望的时候给你绝望，当你绝望的时候又给你希望，市场总是充满太多未知了，它点燃了人性的弱点，新手和没有勇气的人千万不要轻易打开它。震荡的行情最磨人，有时候在行情不明朗的时候退出不失为一个好的做法。

F. 一般比特币交易所比特币合约最高可以做多少倍

交割合约应该是40倍吧，永续是100倍。

G. 有做比特币合约亏钱的吗

有。我在2021春节时候无意中下载，直接合约。开了125倍全仓。就一分钟给我爆了，没想到波动这么大。后来又充了钱，倍数不变，仓位很低。慢慢的找到了一些规律，到现在为止反正是亏的，因为你尝到了甜头。很难控制，赢了想在等会，最后下来了，你跑了，赢了点。输的时候你一直抗单，最后爆仓。玩比特币我建议还是现货。把他当投资，不要当赌博，当赌博你就输了。我做比特币合约是亏钱的

H. eth永续合约100倍与125倍区别

倍数不同。eth永续合约100倍与125倍区别在于倍数的不同，eth永续合约100倍就是盈亏放大100倍125倍就是盈亏放大125倍。

I. 比特币合约玩法规则

交易时间
合约交易是7*24小时交易，只有在每周五16:00(UTC+8)结算或交割期间会中断交易。合约在交割前最后10分钟，只能平仓，不能开仓。
交易类型
交易类型分为两类，开仓和平仓。开仓和平仓，又分买入和卖出两个方向：
买入开多(看涨)是指当用户对指数看多、看涨时，新买入一定数量的某种合约。进行“买入开多”操作，撮合成功后将增加多头仓位。
卖出平多(多单平仓)是指用户对未来指数行情不再看涨而补回的卖出合约，与当前持有的买入合约对冲抵消退出市场。进行“卖出平多”操作，撮合成功后将减少多头仓位。
卖出开空(看跌)是指当用户对指数看空、看跌时，新卖出一定数量的某种合约。进行“卖出开空”操作，撮合成功后将增加空头仓位。
买入平空(空单平仓)是指用户对未来指数行情不再看跌而补回的买入合约，与当前持有的卖出合约对冲抵消退出市场。进行“买入平空”操作，撮合成功后将减少空头仓位。
下单方式
限价委托：用户需要自己指定下单的价格和数量。开仓和平仓都可以使用限价委托。
对手价下单：用户如果选择对手价下单，则用户只能输入下单数量，不能再输入下单价格。
系统会在接收到此委托的一瞬间，读取当前最新的对手价格(如用户买入，则对手价为卖1价格;若为卖出，则对手价为买1价格)，下达一个此对手价的限价委托。
仓位
用户开仓成交后，即拥有了仓位，同种合约同一方向上的仓位会合并。在一个合约账户中，最多只能有6个仓位，即当周合约多仓、当周合约空仓、次周合约多仓、次周合约空仓、季度合约多仓、季度合约空仓。
下单限制
平台对单个用户某个周期合约的持仓数量、单笔开仓/平仓的下单数量会做出限制，防止用户操纵市场。
比特币合约玩法是什么?通过以上介绍，相信大家对于比特币合约玩法有所了解，比特币合约单纯来讲并不复杂，比特币合约的主要作用有两个，一是对冲未来的风险，也就是常听到的套期保值。另一个是比特币合约因为有杠杆的作用，所以可以以小博大，放大收益，当然若是投资者判断失误，也会放大损失。
一、什么是合约交易？
合约交易其实非常简单，就是双向交易，可以买涨（做多）也可以买跌（做空），随买随卖，上一分钟买进，下一分钟单子盈利都可以平仓，只要方向对了都可以盈利的，合约交易机制比较灵活，也是当前数字货币投资中的趋势。
二、什么又是永续合约，和普通交割合约的区别在哪里？
永续合约是一种创新型金融衍生品，该合约与传统的期货合约相似，最大的区别在于：永续合约没有到期日或结算日，用户可以无限期持有仓位。
另外，永续合约引入了现货价格指数的概念，并通过相应机制，使永续合约的价格回归现货指数价格，因此与传统期货不同，永续合约的价格在绝大部分时间不会偏离现货价格太多。
试想一种实物商品的期货合约，比如黄金。在传统期货市场中，这些合约标记着黄金的交割日期。即是说，黄金应在期货合约到期时进行交割。由于传统期货市场中，要求一方实际持有黄金，这会导致期货合约的“持有成本”。
永续合约跟交割合约本质是一样的，不同的是交割合约有交割日，到了交割日不管你的单子是盈利还是亏损，都会被强制卖出，永续合约本质上是可以一直持有，您想什么时候卖出都行，没有交割日。
三、操作永续合约的优势在哪？
永续合约不受限于时间，没有交割日。交易者可长期持有，以获得更大的投资收益。同时永续合约提供高达100倍杠杆，交易者可以根据交易需求，开仓后灵活调节，平台提供弹性风险保障的同时，确保交易者最佳交易体验。
自动减仓机制确保交易者利益，用来确定谁承担强制平仓，有效确保交易者的利益免受由高风险投机者所造成的巨额损失影响。并且采用双套价格机制，用标记价格作为强平的触发价格，标记价格实时参考全球主流交易平台的现货价格。
永续合约可以做到只用币的市场价值的1%的资金参与交易，这是囤币做不到的，占用资金极小。也就是说按BTC10000美元左右的价格，在永续合约上面100美元左右就可以交易一个BTC了。操作合约最重要的就是买卖的方向和点位，最为重要，在正规交易所永续合约平台操作可以享受到每天一对一指导操作，帮助把握市场最大行情，规避反向操作的风险。

A. At what level is the margin ratio for 125 times leverage required to liquidate a position?

The margin rate is as follows:
BTC can often fluctuate by 1,000USD within an hour. In current price terms, 1,000/47,000=2.13% ,
Add 125 times leverage, 2.13%*125=2.66%
In other words, the margin you reserve should be at least about 2.66 times the cost of buying the contract
Otherwise, you will not even have an exception within 1 hour I can’t withstand the fluctuations

B. What does one piece in the contract mean?

One piece is a contract.
One Bitcoin contract is $100.
1. Delivery Contract Contract Subject: BTC USD Index Contract Multiplier: 1 USD per point Quotation Unit: Points Minimum Price Change: 0.01 Points Contract Type: Current Week, Second Week, Quarter, Second Quarter Contract Value (each) : 100 USD Multiple: 1x-125x Last trading time: You can trade before the contract expires and is delivered, but you cannot open a position in the last 10 minutes of expiration, you can only close the position. Delivery date: 4 pm on Friday of the week when the contract expires Points (GMT+8) Delivery method: Spot difference delivery transaction fee: Maker fee for opening a position: 0.02%; Taker fee for opening a position: 0.04%; Maker fee for closing a position: 0.02%; Taker fee for closing a position: 0.04%; Delivery fee: 0.015%
2. Perpetual Contract Contract Subject: BTC USD Index Contract Multiplier: 1 USD per point Quotation Unit: Points Minimum Price Change: 0.1 Points Contract Type: Perpetual Contract Value ( Each ticket): 100 USD Multiples: 1x-125x Fund fee collection interval: every 8 hours Settlement cycle: every 8 hours 4:00, 12:00, 20:00 (GMT+8) Delivery date: This contract is permanent Continued, transaction fees without delivery date: Maker fee for opening a position: 0.02%; Taker fee for opening a position: 0.05%; Maker fee for closing a position: 0.02%; Taker fee for closing a position: 0.05%;
Expand Information: What types of Bitcoin contracts are there?
Perpetual Contract
Perpetual contract is a digital asset derivative product. Users can judge the rise or fall and choose to buy long or sell short contracts to obtain profits from the rise/fall of digital asset prices. Similar to a spot market for collateralized assets, whose price is close to the underlying reference index price, the primary mechanism for anchoring spot prices is funding fees. Perpetual contracts have no delivery date and users can hold them forever. The perpetual contract is settled every 8 hours. After each settlement, the realized profit and loss and unrealized profit and loss will be transferred to the user's account balance.
Delivery Contract
The delivery contract is a digital asset derivative. Users can judge the rise and fall and choose to buy long or sell short contracts to obtain the price of digital assets.Up/down earnings. Huobi contracts use a spread delivery model. When the contract expires, all open positions will be closed based on the arithmetic average price of the index price in the last hour, rather than physical delivery.

C. Perpetual contract position refers to the number of contracts purchased by an individual

Position refers to the sum of long and short positions that have not been closed. Trading volume refers to the total trading volume of long and short orders held at that time and all previous long and short orders that have been closed. For example: the total contract is 10,000 lots. At that time, 1,500 long orders and 1,000 short orders were opened. None of the positions were closed, and the open position was 2,500 lots. Previously, because it was T+0, both long and short positions were opened and closed continuously, and their sum was the trading volume.

D. What does 1.25 times the cost mean?

If we feel that the market is ready. We can climb higher. ”

In July 2019, when a blockchain entrepreneur was chatting with Changpeng Zhao, he suggested that Binance increase the leverage ratio to more than 20 times. At that time, Binance had just officially opened trading. Futures contract trading on Binance Futures has not yet been launched.

For the friend’s suggestion, Changpeng Zhao gave the above seemingly understated but meaningful and elusive answer.

Three months Finally, Binance really made an action that was beyond everyone's expectations - it opened 125 times contract leverage.

For large companies, any important decision that can arouse public opinion and controversy will not be based on Behind the impulsive results lies the judgment of the trend, the prediction of the team's combat effectiveness, and the determination of the final victory by the core members of the team.

What does 125 times contract leverage mean to Binance?

It may be a catalyst for the coin to catch up from behind in the futures market, or it may be a shot in the arm to stimulate user growth.

The history of leverage

Binance is not the first company to use contracts and high leverage to stimulate user growth and trading volume.

Bxxxxx, an established foreign exchange that focuses on the contract market and began to provide perpetual contract trading in 2016 , with 100 times high leverage, has become a battlefield for many senior players, and has long occupied the top four positions in digital currency exchange trading volume.

On June 27 this year, the founder of Bxxxxx announced that its Bit The 24-hour trading volume of cryptocurrency perpetual contracts reached US$11.191 billion.

Before December 2018, Oxxx’s maximum leverage was only 20 times. On December 19, when Oxxx launched cryptocurrency perpetual contracts, The leverage ratio has been enriched, and users can freely choose a leverage of 1-100 according to the margin size.

Public data shows that among all exchanges that provide contract trading in the world,From 12:00 on December 23 to 12:00 on December 24, 2018, Oxxx’s 24-hour transaction volume reached 26.615 billion yuan, occupying the top spot. The old exchange Bxxxxx ranked second with a trading volume of 16.137 billion yuan.

In the fourth year of Oxxx’s use of contracts to snatch users, Huo It was announced that some Huox users will be invited to participate in the contract beta trading experience starting from November 12th.

Currently Huox contract trading only provides 1x, 5x, 10x, and 20x leverage. This is in Bxxxxx, Oxxx runs fast and attacks vigorously, while Firex is slightly cautious.

The founder pointed out in a letter to all employees that in the first month of the HuoX Contract’s launch, the trading volume exceeded US$20 billion, and within 87 days of its launch, the trading volume exceeded US$50 billion.

About Huox, Oxxx and other exchanges, Binance’s performance in the contract market has become more aggressive. Less than two months after the contract was launched, the leverage ratio was raised to 125 times. .

The abundant funds in the book, the large user base, and some good reputations are all the reasons for Binance’s fierce attempt. But in the end, can Binance use high leverage to gain the number of users and transactions like Bxxxxx and Oxxx? The massive increase in volume depends on its value to users.

What exactly is the 125x advantage of Binance Futures?

The advantage of 125 times

After interviews with Binance internal employees and Binance Futures users, we summarized the four advantages of Binance’s 125 times leverage:

First, capital efficiency is extremely high and position fees are low

In the spot market, if you want to trade 1 BTC, you need several USDT. However, use Binance. From the perspective of Binance Futures users, the main benefit of trading on Binance Futures is that it is extremely capital efficient. For futures, users can open a position with a small cost. With leveraged trading, the user spends less on the position.

Assuming the current Bitcoin price is 10,000 USDT (for ease of calculation/willingness to exist), if the user has 100 USDT, he can only buy 0.01 BTC with only 100 USDT. However, if a user transfers 100 USDT to Binance futures, the user will be able to trade with up to 125x leverage and establish a buy/sell or sell/short position of 1.25 BTC.

In this way, holding a position of 1.25 BTC will yield a higher profit than if you purchased only 0.01 BTC, while using an alternative cryptocurrency for the position you opened.

Suppose the user held 100 USDT last week, when the leverage was only 20 times, not this week. (1 BTC is still 10,000 USDT.) In this case, the maximum position the user could have opened was 0.2 BTC.

Now, assume that in both cases the user enters a buy/buy position. Within an hour, BTC rose from 10,000 USDT to 11,000 USDT. At 20x leverage, a user’s 0.2 BTC long position would net itself 200 USDT, minus trading fees (Binance Futures prices were much lower than expected). But with 125x leverage (a position of 1.25 BTC), the user’s profit will increase to 1,250 USDT.

Two, the margin of error is small and the risk is reduced

Leverage can multiply the user’s income when the user opens a buy/long position and the market drops, or Leverage may also increase the user's risk and potential losses when the user opens a sell/short position and the market grows.

At a certain price point the user's position will be liquidated and the user loses the funds used to pay for the position. Liquidation price depends on leverage. In the example above, the user's 20x leveraged long 1 BTC position entered with 10,000 USDT will automatically be liquidated if the price drops to 9,540 USDT. But with 125x leverage, the deviation is smaller: if the price drops to 9,950 USDT, the user’s buy/long position will be liquidated.

3. Risk engine and liquidation model reduce user losses

Since futures trading carries risks, the ultimate mission of Binance Futures is to protect users and avoid potential losses. Binance Futures offers stop-loss orders, take-profit limit orders, and other options to close a user’s position before it reaches the liquidation point, even if the user doesn’t

Binance Futures will enable sustainable crypto-based futures trading The introduction of this industry enables users to stay safe even when faced with potentially high risks. Can feel safe. Binance futures margin trading is powered by a sophisticated risk engine and liquidation model that provides users with fast results and includes many security features that continuously protect users.

Fourth, provide customized levers for zero blood pressure time.

The Binance team stated that the current tailor-made leverage implementation has been delivered with zero pause time on the market. Binance hopes to provide upgrades and enhancements to the futures trading platform without interrupting trading operations. Function.

It is reported that the Android version of Binance Mobile App already supports contract transactions, and users can operate it conveniently on their mobile phones.

The future of the contract

From futures trading on the daySince the emergence of this shogunate, contract products have been constantly evolving and intersecting with each other to enrich and improve.

Binance’s launch of 125x leverage is another important attempt in the cryptocurrency contract market.

From the four points mentioned in the previous article, it is not serious that Binance has now achieved the lead in the performance of alternative products. If Binance relies on this advantage to continue to create a good experience for users and make more users willing to try and accept 125x leverage, Binance will not only be able to surpass latecomers in the digital currency contract market, but even become a star product.

Of course, this will inevitably lead to “learning” and competition from other exchanges.

Is competition terrible?

Competition is not terrible, competition can bring better user experience and a healthy market.

Competition makes companies more awake.

E. How much does it take for Bitcoin to open a 100-fold contract before it recovers its capital?

In this trading market, everyone who has been around knows that the pressure of a full position is really torturous. , The market is not afraid of rising or falling, but it is afraid of sideways shocks. This kind of shock market will make position holders miserable and in a dilemma, and they have to play games with their hopes and fears again and again.

Newbie experience:

A currency friend came to me today. He said that he had made a 20x ETH contract, and the amount of funds was still very large. He had not blinked for a week. I had a good sleep. I evened it out today despite the loss. I will never dare to touch leveraged contracts again. It feels like I have experienced a century in the past week. He said that he finally realized what I had learned in the contract market last year. It was not easy, and I finally realized the meaning behind hope, despair, and fear.

This currency friend opened a 20 times long position around ETH1878. He thought that Bitcoin had broken through new highs, and ETH would definitely break through new highs, and then he took action; at the beginning, he was making money The price increased by 20%, and then the price started to fall. I received a lot of text messages asking for a margin to be added. In order not to liquidate the position, I started to add a margin crazily, and the subsequent price rose and fell again. Every time the market fluctuated by one point, , for him, it is a 20% fluctuation. He has been facing losses and gains in this week... In the end, his body and mind were dragged down by a 20 times contract. Today, he is really exhausted physically and mentally. After making the move to close the position and leave the market, he felt more relaxed than ever before.

Popularity of contracts:

The Bitcoin contract market is always filled with myths about getting rich overnight. So far, according to data, the market for this contract is only about 1%. 99% of people will eventually make a lot of money, while 99% of people will be out because of "liquidation". But the sad thing is that 99% of people who enter high-leverage contracts think that they are the 1% of people who make big money. What do you think the outcome will be??

In the past few years, it was okay, 20 times was the highest, but now various exchanges have successively launched 125 times, 100 times... perpetual contracts. With the help of exchange promoters, they have become more and more popular. More and more traders in the currency circle have become obsessed with high-leverage contract trading.

Do you know what it means to face a high leverage of 100 times? If your position is in the right direction, as long as the price fluctuates by more than 1%, your assets can double; similarly, if your position is in the wrong direction, as long as the price fluctuates by more than 1%, you have two options, either endlessly Increase the margin to expand losses, or "liquidate" all your money. Let’s use the simplest example: If you buy Bitcoin for $10,000 and go long (bullish), if Bitcoin falls by 1%, that is, if it falls below 9,900, as long as there is a gap of $100, congratulations, your position will explode. The warehouse is empty.

Big data is in the hands of the exchange. It is easy for the exchange to instigate 10% of the price, let alone 1%? With a leverage of 100 times, you are equivalent to putting the fate of your funds in the hands of the exchange. There is a butcher's knife hanging over your head at any time. Here Archimedes' famous saying will be rewritten: Give me a Leverage, I would lose the entire planet.

Market Interpretation:

If there is a market, you are a star. Without a market, any currency is just empty air. There are no so-called dedicated investors in the market. The market is like this now, and it will be like this in the future. The same is true. Today we will analyze these five currencies.

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Bitcoin: The current Bitcoin is still in a period of sideways fluctuations, with a box movement between 60,000 and 54,800. , only when an external force breaks this box movement, the market will turn one side.

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Ethereum: As can be clearly seen from the picture above, ETH is now on the defensive and waiting to attack. The weak can no longer be weak, but on both sides. The small fluctuations on the track in the transaction-intensive area are also waiting for the clear trend of BTC.

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Polkadot: Polkadot is really a latecomer, directly outlawing EOS. Regardless of the number of currencies and system operation, EOS The two of them can be said to be of the same size, but the popularity of the campaign may be as low as that of EOS in 2018. Looking at its trend performance since 2019 and its continuous peak performance in the past month, we can imagine that this currency wants to fight against ETH. The longer it operates within this box, once it breaks through the limit, the value will be bigger.

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Youzi Coin: If EOS is a junk coin, there is nothing to say. If anyone holds EOS in 2020, thenThen he will miss the entire bull market. From the monthly K-line, you will clearly see that he is not bad at all and does not have much increase at all. But this year is destined to be a different year. All other currencies are rising sharply, but only it is still active at the bottom edge, which is bound to cause a wave of chasing in the market; after these two years of immersion, I believe that its top holding Investors will also be able to cut the meat and cut the meat, and if they walk, the resistance to subsequent pulls will be reduced too much. Regardless of whether it can reach the price of Polkadot, it is easy to earn 1 times the market price.

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Ripple: It is also a deviant currency, a currency that fell out of the top three only after misjudged the trend. Since November last year, it has been continuously After three days of long pull, too many high players were unblocked, and the subsequent trend did not keep up. Instead, it was a cliff-like decline, which abruptly destroyed a good deck of cards. Seeing the recent trading volume and trend, I am also preparing to take advantage of the turmoil of Dogecoin and ADA to boost myself and revitalize the new market. Pulling up the market is what it has to do recently.

Finally: High leverage contracts are like a Pandora’s box, giving you despair when you are full of hope, and giving you hope when you are desperate. The market is always full of too many unknowns. It ignites the weakness of human nature. Novices and those without courage must not open it easily. Volatile market conditions are the most annoying, and sometimes it is a good idea to exit when the market is unclear.

F. How many times can a Bitcoin contract be traded on a general Bitcoin exchange?

The delivery contract should be 40 times, forever. Continued is 100 times.

G. Has anyone lost money doing Bitcoin contracts?

Yes. I downloaded it accidentally during the 2021 Spring Festival and signed a contract directly. Opened a full position of 125 times. It exploded for me in just one minute. I didn’t expect the fluctuation to be so big. Later, I recharged money, the multiple remained unchanged, and the position was very low. Slowly you found some patterns, and so far you have been losing money anyway, because you have tasted the sweetness. It's hard to control. If you win, you want to wait for a while. When it finally comes down, you run away and win a little bit. When you lose, you keep resisting the order, and finally your position is liquidated. When playing with Bitcoin, I recommend spot trading. Treat it as an investment, not a gamble. If you gamble, you will lose. I lost money doing Bitcoin contracts

H. The difference between 100 times and 125 times of eth perpetual contracts

The multiples are different. The difference between eth perpetual contract 100 times and 125 times lies in the multiple. eth perpetual contract 100 times means the profit and loss is magnified 100 times, and 125 times means the profit and loss is magnified 125 times.

I. Bitcoin Contract Game Rules

Trading Time
Contract trading is a 7*24 hour transaction and can only be settled at 16:00 (UTC+8) every Friday or Trading will be interrupted during delivery. In the last 10 minutes before delivery of a contract, positions can only be closed but not opened.
Transaction Types
Transaction types are divided into two categories, opening and closing positions. Opening and closing positions are divided into two directions: buying and selling:
Buying long (bullish) means that when the user is bullish or bullish on the index, he or she will buy a certain number of new contracts. Carry out the "buy and open long" operation, and the long position will be increased after successful matching.
Selling to close long (long position closing) refers to the selling contract that the user covers when he is no longer bullish on the future index market, and offsets the current holding of the buying contract to offset the exit from the market. Perform the "sell to close long" operation, and the long position will be reduced after successful matching.
Selling short (bearish) means that when the user is bearish or bearish on the index, he or she will newly sell a certain number of certain contracts. Carry out the "sell and open short" operation, and the short position will be increased after the matching is successful.
Buy short closing (short closing) refers to the buying contract that the user is no longer bearish about in the future index market and covers it, which is offset by the currently held selling contract and exits the market. Carry out the "buy and close short" operation, and the short position will be reduced after the matching is successful.
Order Method
Limit Price Order: Users need to specify the price and quantity of the order. Limit orders can be used for both opening and closing positions.
Place an order at the counterparty price: If the user chooses to place an order at the counterparty price, the user can only enter the order quantity and cannot enter the order price.
The system will read the latest opponent price at the moment it receives this order (if the user buys, the opponent price is the sell 1 price; if the user sells, the opponent price is the buy 1 price), and places the order. A limit order at this price.
Positions
After the user opens a position and completes the transaction, he or she will have a position. Positions of the same type of contract in the same direction will be merged. In a contract account, there can only be a maximum of 6 positions, namely long position on the current week's contract, short position on the current week's contract, long position on the next week's contract, short position on the next week's contract, long position on the quarterly contract, and short position on the quarterly contract.
Order Restrictions
The platform will limit the number of positions held by a single user for a certain period of contract and the number of orders placed for a single opening/closing position to prevent users from manipulating the market.
What is the gameplay of Bitcoin contracts? Through the above introduction, I believe everyone has an understanding of the gameplay of Bitcoin contracts. Bitcoin contracts are not complicated in simple terms. There are two main functions of Bitcoin contracts. One is to hedge the future. Risk, also known as hedging. The other is that because Bitcoin contracts have leverage, they can use small gains to make big gains, and of course, if investors make mistakes in their judgment, losses will also be amplified.
1. What is contract transaction?
Contract trading is actually very simple. It is a two-way transaction. You can buy up (long) or down (short). You can sell as you buy. You can buy one minute and close the position if the order makes a profit the next minute. As long as It can be profitable if the direction is right, and the contract trading mechanism is relatively flexible, which is also the current trend in digital currency investment.
2. What is a perpetual contract, and what is the difference between it and an ordinary delivery contract?
The perpetual contract is an innovative financial derivative. The contract is similar to the traditional futures contract. The biggest difference is that the perpetual contract does not expire.On the expiry date or settlement date, users can hold positions indefinitely.
In addition, the perpetual contract introduces the concept of spot price index, and through the corresponding mechanism, the price of the perpetual contract returns to the spot index price. Therefore, unlike traditional futures, the price of the perpetual contract does not change most of the time. Too much deviation from the spot price.
Imagine a futures contract on a physical commodity, such as gold. In traditional futures markets, these contracts mark gold’s delivery date. That is, gold should be delivered when the futures contract expires. Since in the traditional futures market, one party is required to actually hold gold, this will result in a "carrying cost" for the futures contract.
Perpetual contracts are essentially the same as delivery contracts. The difference is that delivery contracts have a delivery date. On the delivery date, no matter whether your order is profitable or loss-making, you will be forced to sell. Perpetual contracts can essentially last forever. Yes, you can sell whenever you want, there is no delivery date.
3. What are the advantages of operating perpetual contracts?
Perpetual contracts are not limited by time and have no delivery date. Traders can hold it for a long time to obtain greater investment returns. At the same time, the perpetual contract provides up to 100 times leverage, and traders can flexibly adjust it after opening a position according to trading needs. The platform provides flexible risk protection while ensuring traders the best trading experience.
The automatic position reduction mechanism ensures the interests of traders and is used to determine who is responsible for forced liquidation, effectively ensuring that traders' interests are protected from huge losses caused by high-risk speculators. It adopts a dual price mechanism and uses the mark price as the trigger price for liquidation. The mark price refers to the spot price of the global mainstream trading platform in real time.
Perpetual contracts can only use 1% of the market value of the currency to participate in transactions. This is something that cannot be achieved by hoarding currency, and it takes up very little funds. In other words, based on the BTC price of about $10,000, one BTC can be traded for about $100 on the perpetual contract. The most important thing when operating a contract is the direction and point of buying and selling. The most important thing is that when operating on the perpetual contract platform of a regular exchange, you can enjoy one-on-one guidance every day to help grasp the biggest market trends and avoid the risk of reverse operations.