槓桿是你開立永續合約倉位時選擇的倍數。它讓你控制的倉位大於你作為抵押品投入的 USDC。在 10x 槓桿下,100 USDC 的抵押品可以控制 1,000 USDC 的倉位。
你選的倍數越高,用同樣的抵押品能開的倉位就越大。
槓桿是雙面刃
槓桿是雙向作用的。放大你獲利的那個倍數,同樣也會放大你的虧損。
如果你 10x 槓桿的 1,000 USDC 倉位朝有利方向移動 5%,你賺到 50 USDC,也就是你投入的 100 USDC 的 50%。
如果它朝不利方向移動 5%,你虧損 50 USDC,也就是你抵押品的 50%。標的資產每一個百分點的價格變動,都會帶著槓桿倍數直接打在你的抵押品上。
槓桿與你的強平價格
同樣的道理,槓桿越高,你的強平價格就離市價越近。強平會在你的抵押品用完之前發生,因為倉位必須維持一定的維持保證金。在 BTC 上用 40x 槓桿,大約 1.25% 的不利波動就足以讓倉位被強平。
在 BTC 上用 5x 槓桿,價格大約要朝不利方向移動 18.75%。在一個最大槓桿為 5x 的市場上,同樣的 5x 倉位大約在 10% 的波動後被強平。較低的槓桿讓倉位有更多空間承受價格波動,而不會觸及你的強平水位。
各資產的最大槓桿
你能選擇的最大槓桿取決於市場,槓桿轉盤會停在該市場的上限。BTC 最高支援 40x,ETH 最高 25x,SOL 最高 20x。大多數其他市場的上限是 3x、5x 或 10x。在這個範圍內,你只能選整數。1x、2x、3x、5x、10x、20x,依此類推。
永續合約(「Perps」)由第三方協議提供,不適用於美國人士(美國公民、居民或任何位於美國境內的人)。請勿嘗試從美國境內存取永續合約。
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