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<h2 class="heading-2 ace-line old-record-id-AtPvdAkkOo70prxQtNnuS47gsHb"><strong>1. 什么是保证止损（GSL）？</strong></h2><div class="ace-line ace-line old-record-id-MmS1dVnr4oXqf4xoCl6utdZSs2b"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-EAv8dx7luoJExQxIe2Puaof6sxf"><span style="font-size: 16px;">保证止损（Guaranteed Stop Loss，简称GSL）是一项付费风控功能，专为应对市场剧烈波动而设计。当您设置保证止损后，止损订单将保证以您指定的触发价执行，帮助您锁定最大亏损范围，有效消除滑点风险。</span></div><div class="ace-line ace-line old-record-id-IN6Vd9cbCoJWznxRAA5uXjLssvc"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-Cc86dWOb0o5nuJxbMMQud8HFsaf"><strong>2. 保证止损和普通止损有什么区别？</strong></h2><div class="ace-line ace-line old-record-id-UnsTdyFQboV8SyxyrqduV1dTs8g"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Jjw7djehSoaXuQx9j2ju7BDYszf"><span style="font-size: 16px;">了解保证止损与普通止损的区别，对于有效的风险管理至关重要。</span></div><div class="ace-line ace-line old-record-id-GgtUd9LgOogfKNxmFeEu9eJFsS6"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VBuWdWUWjoW0M7xBDwvuUahfsFc"><span style="font-size: 16px;">普通止损在触发后通常按市价执行。在市场剧烈波动时，可能出现明显滑点，导致实际成交价与您设定的止损价产生较大偏差。</span></div><div class="ace-line ace-line old-record-id-Ndfjd5mkAobvZaxTCJxu5Nfws7c"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Iyaud9xTBopubUxvIVguFnA9sLg"><span style="font-size: 16px;">保证止损则确保以您指定的触发价执行，无论市场条件如何变化，都能提供更稳定、更可预测的止损结果。</span></div><div class="ace-line ace-line old-record-id-WZJJdeHyioB5R1xEtaZuFH31syI"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-OdHsdUdDSolzYRxlXXhuq3i1s6e"><strong>3. 哪些交易币对支持保证止损？</strong></h2><div class="ace-line ace-line old-record-id-PqSYdmV5tojSHax7e02u4X2Bsde"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NtHhdjxrSoPWKoxBrrkuUTZbs6b"><span style="font-size: 16px;">保证止损仅对部分指定交易对开放。如需确认您想交易的币对是否支持保证止损功能，请以交易页面或下单页面的实际展示为准。</span></div><div class="ace-line ace-line old-record-id-H0CNd4EVFo8AY9xiyWguPsgVs0g"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-TiKsddFJkoNiFDx7f8Rub1dTsXc"><strong>4. 保证止损支持哪些触发价格类型？</strong></h2><div class="ace-line ace-line old-record-id-ODj5dcnadoZbaqxkN7uuYph1ssh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-OfkRdQy4XoPccbxognTuiEYVsif"><span style="font-size: 16px;">保证止损仅支持使用最新价作为触发依据。不支持合理价/标记价、指数价等触发方式。</span></div><div class="ace-line ace-line old-record-id-XhCRdPG4PoEWrOxo6E7u14nHsz5"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-JHNUdyt26owDDoxwntzuIRlwsuh"><strong>5. 使用保证止损需要付费吗？</strong></h2><div class="ace-line ace-line old-record-id-UBQ2dBdMBozeBPxlcm8uJTr3skb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Q5kadi9YooAE5kxvgwWuSYS8soc"><span style="font-size: 16px;">是的，使用保证止损会收取额外的保证止损费。费率按交易币对分别设置，具体费率请参阅交易页面显示。</span></div><div class="ace-line ace-line old-record-id-RowgdGaJpoSlqLx1PpsujkTus5H"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-BZYRdwASoosxLDxa7UFutQIOs51"><strong>6. 保证止损费何时收取？</strong></h2><div class="ace-line ace-line old-record-id-MeildxFtwof4lbxWBk5uyRH5sNg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-CUModxy93oLSBDxugMBuzRLzs3p"><span style="font-size: 16px;">保证止损费仅在订单成功触发且最终成交时收取：</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-WlXMda1zvoKWT9xy7Tduobqhs32" data-list="bullet"><div><span style="font-size: 16px;">未触发：不收费</span></div></li><li class="ace-line ace-line old-record-id-CIpqd698vopex4xIOBQuOxTHsEh" data-list="bullet"><div><span style="font-size: 16px;">触发但未成交：不收费</span></div></li><li class="ace-line ace-line old-record-id-IVVVdFZNIoMDklxxWBWuB9bOsoc" data-list="bullet"><div><span style="font-size: 16px;">触发且成交：收取费用</span></div></li></ul><div class="ace-line ace-line old-record-id-L5tJdptWYozCvYxLNcouOqhgsHf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-Cm38da5h4oDENsxMih1ugu0hsxj"><strong>7. 保证止损费如何计算？</strong></h2><div class="ace-line ace-line old-record-id-QeAndiK0joSO13xqAHTuvKYGsMc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NEUddyc0Eo6Iwxxmyj4um9L9sVb"><span style="font-size: 16px;">保证止损费率按币对设置，通常按本次止损成交的名义价值计算（示例说明）：</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-Gkeedmez7offRGxzyeEuCzXUsUb" data-list="bullet"><div><strong style="font-size: 16px;">保证止损费 = 成交名义价值 × 保证止损费率</strong></div></li><li class="ace-line ace-line old-record-id-JehOdDPKEoqwd3xckapuciFzsgc" data-list="bullet"><div><span style="font-size: 16px;">名义价值（USDT 本位示例）= <strong>成交数量 × 成交价格</strong></span></div></li></ul><div class="ace-line ace-line old-record-id-Y9DxdbnKOoFtxNxyIK8uS1UzsXf"><span style="font-size: 16px;">注：具体费率请以交易页面展示为准。</span></div><div class="ace-line ace-line old-record-id-N2OGd8AmtoZZRFxKC9ZunTgHsTd"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-WLAzdH0XtowCBXxsWM7u5HCJsPf"><strong>8. 保证止损能确保成功执行吗？</strong></h2><div class="ace-line ace-line old-record-id-XXESdTtn0o4Lhpx8nDguIjoTskh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-J9SEdb8coorC4vxceL6uq84tsLe"><span style="font-size: 16px;">保证止损会在满足触发条件时尽可能执行，但并不能保证一定触发成功或一定成交。在极端行情、系统繁忙或其他异常情况下，可能出现触发延迟、触发失败或未能成交等情况。若保证止损订单未触发或未成交，将不收取保证止损费。</span></div><div class="ace-line ace-line old-record-id-ZnQ3dW9LzoGxgwxekqdug26qsSg"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-CMRmdhl1RokT7Lx8UFvu4chLsnf"><strong>9. 我可以修改或取消保证止损订单吗？</strong></h2><div class="ace-line ace-line old-record-id-VTOAd8cnPokOQxxB81WuTg0Dsah"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-JkTqdlP2RohQodxdLF0uBm0Isic"><span style="font-size: 16px;">可以。您可以在订单或持仓的止盈止损设置中，对保证止损进行修改或取消。修改后将立即以最新设置为准。</span></div><div class="ace-line ace-line old-record-id-PMrQd9Ario0jzRxfObvujd8qsbe"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-SSVjd0POEoBNEIxWK8euokFesgc"><strong>10. 为什么我看不到保证止损选项？</strong></h2><div class="ace-line ace-line old-record-id-TF2TdqLCtojT7lxJYcQu3TTgskc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UIOCd69yLokVEZxqaKjufUKesHb"><span style="font-size: 16px;">如果保证止损选项不可见，可能的原因包括：</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-TFsVdMxDKooaiIxcZ6CuWCtosbd" data-list="bullet"><div><span style="font-size: 16px;">当前交易对暂不支持保证止损功能。</span></div></li><li class="ace-line ace-line old-record-id-GaqPdmlYboMOcnxEwVAuANazsQf" data-list="bullet"><div><span style="font-size: 16px;">该功能在部分地区/账户类型/风险等级下不可用（如有相关限制，以页面提示为准）。</span></div></li></ul><div class="ace-line ace-line old-record-id-AYEUdQIFpoF4RPxc1Hmu2UT6s3K"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-AZMZdep7CoGP4NxKNp4uhulmsfg"><span style="font-size: 16px;">推荐阅读：</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-EvdgdNsHRoBouSxKoK6uc59csOd" data-list="bullet"><div><a data-lark-is-custom="true" href="https://www.mexc.com/learn/article/17827791534161" style="font-size: 16px;">什么是合约保证止损单</a></div></li><li class="ace-line ace-line old-record-id-IioadNXuQo1RLOxlRJiuo0Onsih" data-list="bullet"><div><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-the-mexc-app-305421274812529664" data-lark-is-custom="true" style="font-size: 16px;">如何在 MEXC App 进行合约交易</a></div></li><li class="ace-line ace-line old-record-id-QamKdWEO6oEI0bxfLjEu8EVcsPb" data-list="bullet"><div><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-mexc-web-305423980641926144" data-lark-is-custom="true" style="font-size: 16px;">如何在 MEXC Web 进行合约交易</a></div></li><li class="ace-line ace-line old-record-id-NGVLd6DMwoWbvQxlTtMuEz6ps5d" data-list="bullet"><div><a href="https://www.mexc.com/support/article/futures-trading-faq-305425827477864448" data-lark-is-custom="true" style="font-size: 16px;">合约交易常见FAQ：新手入门必读的完整指南</a></div></li><li class="ace-line ace-line old-record-id-EsACdHvDno6OsNx79TNuo4XLsvg" data-list="bullet"><div><a href="https://www.mexc.com/support/article/mexc-futures-market-order-faqs-318921954751756288" data-lark-is-custom="true" style="font-size: 16px;">MEXC 合约市价交易常见问题</a></div></li></ul><div class="ace-line ace-line old-record-id-MvRGdutAWoYEfqxMN6Qutipasrd"><br></div>

<div data-page-id="NxU4dNhqjoSMLEx80lSuMUZmsad" data-lark-html-role="root" data-docx-has-block-data="true"><h2 class="heading-2 ace-line old-record-id-BkT1dI5NRotWNSxyEvhuiTlLs2g"><strong>1. 什么是跟踪委托？</strong></h2><div class="ace-line ace-line old-record-id-RqAbd8wo8omDhXxSyFsu1bfSsAg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-LAWpdOHsVoOCcQxFFwYuE8nZsTe"><span style="font-size: 16px;">跟踪委托是一种跟踪市场价格的策略订单，允许用户在市场波动时，在距离市场价格特定百分比或差值的价格区间内预设委托。当市场行情发生反转回调时，跟踪委托会将交易者设定好的委托提交至市场。</span></div><div class="ace-line ace-line old-record-id-ZUD7dJajSoXEAzxSzHZupmEDshe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-P1pcdJPFIo6MgqxhT9WuDBYKscI"><span style="font-size: 16px;">当价格朝着有利方向变化时，跟踪委托会随之移动。只要价格向有利于交易者的方向发展，触发价格也会跟随变化，帮助用户在持续获利的同时锁定收益。同时，如果价格往相反方向移动达到特定的百分比，系统会自动以市价提交减仓或平仓委托，帮助用户在不利情况下限制损失并保护收益。</span></div><div class="ace-line ace-line old-record-id-J3Twd1UltoSEykxM4k1u1PmSsrb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-FaX0dXLtuou8Wdx7DAluAJ3Bs8f"><span style="font-size: 16px;">需要特别注意的是，跟踪委托不会往反方向移动，这是其区别于普通限价委托的核心特征。</span></div><div class="ace-line ace-line old-record-id-NGdjd5cVpoREGcxe40Gu06jksmh"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" class="ace-line ace-line old-record-id-NaoWdwMnhoQFDHxcXpXuyBWIsyc"><span style="font-size: 16px;">*BTN-<strong>开启合约交易</strong>&BTNURL=<a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDT">https://www.mexc.com/futures/BTC_USDT</a>*</span></div><div class="ace-line ace-line old-record-id-GVH7d8Oasop5l7x03r1uZzdbsvc"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-DuuZdFRs3o9SFLxCnqEuNEEzsNe"><strong>2. 跟踪委托的触发价格如何计算？</strong></h2><div class="ace-line ace-line old-record-id-Rq4JdopCBo8D4jxeFvouHZSLsOa"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-L8qBdBu0vojjwUxmGMSuxkxXsqd"><span style="font-size: 16px;">跟踪委托的触发价格计算方式取决于交易方向：</span></div><div class="ace-line ace-line old-record-id-Gd3pdb4kTolrmJxjhpMuFPxXshe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-MbaDd68KroXAaIxPHUhuZjsFsX8"><span style="font-size: 16px;">对于卖出方向，实际触发价格等于市场历史最高价减去回调幅度（价距），或市场历史最高价*（1 - 回调幅度百分比）。例如，历史最高价为 50,000 USDT，回调幅度设置为 5%，则触发价格为 50,000 *（1 - 5%），即 47,500 USDT。</span></div><div class="ace-line ace-line old-record-id-ViUbd9kwco208wx28wauaiTVs2g"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-AOJtdpE9IoNgemxKTUyupWKisTL"><span style="font-size: 16px;">对于买入方向，实际触发价格等于市场历史最低价加上回调幅度，或市场历史最低价*（1 + 回调幅度百分比）。例如，历史最低价为 20,000 USDT，回调幅度为 5%，则触发价格为 20,000 *（1 + 5%），即 21,000 USDT。</span></div><div class="ace-line ace-line old-record-id-Ro3xdZy1Xoud1sxClKTupShosCf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-LpKqdkLq7ouSvax5ttNuHSopsyb"><strong>3. 跟踪委托中的回调幅度是什么？</strong></h2><div class="ace-line ace-line old-record-id-PeHpdkUIzoufrwxQSFquM834sJc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Uh4DdvS52opg4hxc1juub0assOh"><span style="font-size: 16px;">回调幅度是计算实际触发价格的主要条件，用户可以选择通过【比例】或【价距】两种方式来设置。</span></div><div class="ace-line ace-line old-record-id-HZYhdogeVoIAglxYgK0ugJqdsWc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-EFtRd7OMWo5T6jxOXxYupOSKsah"><span style="font-size: 16px;">比例：假设历史最高价为 50,000 USDT，回调幅度设置为 5%，则触发价格为 50,000 *（1 - 5%）= 47,500 USDT。</span></div><div class="ace-line ace-line old-record-id-WBZQdC1opogvDHxI1hauBj8vsMh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TxYDdxBBholPjQx8PRTu5Cz4sIc"><span style="font-size: 16px;">价距：假设历史最高价为 50,000 USDT，回调幅度设置为 5,000 USDT，则触发价格为 50,000 - 5,000 = 45,000 USDT。</span></div><div class="ace-line ace-line old-record-id-IecWdRmc3o5GEVxbJpCuGx8PsVf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-UQ0tdsmu5o3FI7x5fExuw8wRsCf"><strong>4. 什么是跟踪委托的激活价格？</strong></h2><div class="ace-line ace-line old-record-id-S7p4dZa1VoVlIxxbH0NufTYnstf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-QP6Id5BKNoGPhQxcEuiueOM1stf"><span style="font-size: 16px;">激活价格是跟踪委托的激活条件，当指定价格类型（最新成交价、标记价格或指数价格）的价格达到或超过激活价格，委托被激活。只有激活后，系统才开始计算实际触发价格。</span></div><div class="ace-line ace-line old-record-id-IT1Idog7douzdExXJYoug1Qms8f"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-PS2pd5YRtoaXpOxp8MXu4qIysif"><span style="font-size: 16px;">如果不填写激活价格，委托在下单后就会立即被激活。设置激活价格可以帮助用户更精准地控制委托生效的时机，避免在不理想的价位触发订单。</span></div><div class="ace-line ace-line old-record-id-DfSGdn6d6oHHeHxWBFyuCuxDsqF"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-Sb0adTfIKo9W9mxppqAuXU1Ys6O"><strong>5. 跟踪委托适用于哪些交易场景？</strong></h2><div class="ace-line ace-line old-record-id-XnI9dfGCho5WMbxo0SauF5WFs8d"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-DlnDdtChLofp7KxLa2rucVYrsGc"><span style="font-size: 16px;">跟踪委托主要适用于以下几种交易场景：</span></div><div class="ace-line ace-line old-record-id-Ag0cddNWBoppKkxmSAeuSkaZsKd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-AaTwdIZMRorZzvxQJf4uWLOJsFf"><span style="font-size: 16px;">1）触底反弹买入。当用户预判市场将继续下跌但会在某个价位出现反弹时，可以设置跟踪委托在反弹达到一定幅度时自动买入。例如，当前 BTC 价格为 39,000 USDT，用户判断价格跌到 37,000 USDT 后可能反弹，希望在反弹幅度达到 1% 时买入，就可以设置激活价格为 37,000 USDT、回调比例为 1% 的买入跟踪委托。</span></div><div class="ace-line ace-line old-record-id-NdftdXs6loPDgjxcunVuQCnxsee"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RbEedDqKboj9yZxB3CIuuF5kstf"><span style="font-size: 16px;">2）冲高回落卖出。当用户预判市场将继续上涨但会在某个价位出现回落时，可以设置跟踪委托在回调达到一定幅度时自动卖出。例如，当前 BTC 价格为 40,000 USDT，用户判断上涨到 42,000 USDT 后可能回落，希望在下跌幅度达到 1% 时卖出，就可以设置激活价格为 42,000 USDT、回调比例为 1% 的卖出跟踪委托。</span></div><div class="ace-line ace-line old-record-id-NpQxdWaufoaTMJx7Gdgu9ebgsye"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-T0gAdCDs6ofSbExqRugubYGBssb"><span style="font-size: 16px;">3）锁定利润。当持有仓位的价格持续上涨时，跟踪委托可以帮助用户自动锁定利润，避免在价格回调时错过合适的平仓时机。</span></div><div class="ace-line ace-line old-record-id-QW2QdgpK4ohbUcxM7MvuB4EHsgb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-IBQNdVIpUohPrdxR5w9uUxTPsSg"><span style="font-size: 16px;">4）限制损失。在市场价格下跌时，跟踪委托可用于保护收益，防止因价格急剧回调导致损失扩大。</span></div><div class="ace-line ace-line old-record-id-WlY3dVNgHoaHM0xQJMauwq8fsWb"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-B9ZkdckXFokbeNxZZh2ukxM2sVf"><strong>6. 跟踪委托有哪些优势和劣势？</strong></h2><div class="ace-line ace-line old-record-id-Dlz7dSV8cowR6nxqTVxuvtnEsgc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-G3c4dYDyHokd06xY8aru2qxFson"><span style="font-size: 16px;">跟踪委托的主要优势在于收益模式的可控性以及交易模式的可复制性。它能够帮助交易者在波动行情中动态调整触发价格，既可以在有利行情中最大化利润，也可以在不利行情中有效控制损失。</span></div><div class="ace-line ace-line old-record-id-BoBDdUr8Co03WOxFdVvuDoZdsfe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-BMhodllzZotAkdxzcdZucKqwsPg"><span style="font-size: 16px;">跟踪委托的劣势在于加密货币市场波动巨大，回调比例的设置存在一定难度。如果回调幅度设置过小，可能导致正常的市场波动就触发委托，错失更大的盈利机会；如果设置过大，则可能无法及时止盈或止损。</span></div><div class="ace-line ace-line old-record-id-Hs5Dd8QD8oGDTPxjgocuNDngsTf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-CNCUdBhmwo1OE0xk2AtulEcvsl6"><strong>7. 如何在 MEXC 设置跟踪委托？</strong></h2><div class="ace-line ace-line old-record-id-NO3BdDRBjoia6nxIBAGuB4NBsve"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Z4OhdTOaxoRZHixZ3HnuwPCMsVd"><span style="font-size: 16px;">Web 端：进入<a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDT">合约交易</a>页面，选择【跟踪委托】-依次输入【回调幅度】和【数量】-选择设置【激活价格】-点击【开多】或者【开空】。</span></div><div class="ace-line ace-line old-record-id-N28ddCkhxoVSMxxQWAuuEsRbs7e"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-B4AbdBbxXomfVlxTQvquflUEs3c"><span style="font-size: 16px;">设置完成后，您可以在【当前委托】-【跟踪委托】列表中查看已设置的订单，并可随时进行修改或【撤销】操作。</span></div><div class="ace-line ace-line old-record-id-SWa9dtHs0o1ZRQxoWmHuGdErsbf"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/W3Dnbcl4loj1zFxtnkouXF1asXb/?mount_node_token=LykRdcny4oDXjCxDLkSuQUARsvb&mount_point=docx_image" data-width="2938" data-height="1412" data-lark-image-uri="drivetoken://W3Dnbcl4loj1zFxtnkouXF1asXb" data-lark-image-width="2938" data-lark-image-height="1412" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-Nr6VdvYZQo87RhxaXAeu3P3AsCb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-XbqCdtwGLotLI7xP98Ju0XyXsIg"><span style="font-size: 16px;">App 端：进入合约交易页面，选择【跟踪委托】-依次输入【比例】（或【价距】）和【数量】-选择设置【激活价格】-点击【开多】或者【开空】。</span></div><div class="ace-line ace-line old-record-id-JolzdMrDXojzP4xCE14unZk0sVh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-I806dShR0o3oKxxbFQYusQYmsAP"><span style="font-size: 16px;">设置完成后，您可以在【当前委托】-【跟踪委托】列表中查看已设置的订单，并可随时进行修改或【撤销】操作。</span></div><div class="ace-line ace-line old-record-id-YqNFdUbZlo5htkxHlWYu1YC9sSh"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" data-ace-gallery-json="{"items":[{"uuid":"39f9e805-9da8-4bbb-aa0c-8ea5df9ca9bf","height":2166,"width":3129,"currHeight":2166,"currWidth":3129,"natrualHeight":2166,"natrualWidth":3129,"pluginName":"imageUpload","scale":1,"src":"https%3A%2F%2Finternal-api-drive-stream.larksuite.com%2Fspace%2Fapi%2Fbox%2Fstream%2Fdownload%2Fpreview%2FTy5ZbczRWoECX2xPS1WuCga2sIc%2F%3Fpreview_type%3D16","file_token":"Ty5ZbczRWoECX2xPS1WuCga2sIc","image_type":"image/png","size":1769802,"comments":[]}]}" class="image-uploaded gallery old-record-id-MbH9dogpZoEVZexS4GyuUF1pstc"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20260306174140406VMFiRgPCMirBc2.png" data-single-block="true" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/Ty5ZbczRWoECX2xPS1WuCga2sIc/?mount_node_token=MbH9dogpZoEVZexS4GyuUF1pstc&mount_point=docx_image" data-width="3129" data-height="2166" data-lark-image-uri="drivetoken://Ty5ZbczRWoECX2xPS1WuCga2sIc" data-lark-image-width="3129" data-lark-image-height="2166" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-VDLKdZWn8oiAxjx6iimuOqRVsKh"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-Bx78do77CohlK1x2UC6uDZnds5b"><strong>8. 如何查看和编辑已设置的跟踪委托？</strong></h2><div class="ace-line ace-line old-record-id-FIXzdUwXYokRHmx4sRZuc6UysHf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Jpo6dTLBMoQudkxSCohuv7b0sWd"><span style="font-size: 16px;">在 MEXC 平台上，您可以在当前委托列表中，通过切换订单类型为【跟踪委托】来查看目前提交的所有跟踪委托订单。</span></div><div class="ace-line ace-line old-record-id-RmmgdB2APoJwQhxskvJullqmsmg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VT4YdgDMHo3jGlxoqLbuBTsisVg"><span style="font-size: 16px;">对于订单状态为【待触发】的跟踪委托，您可以点击编辑图标进行修改。需要注意的是，订单状态为【执行中】的跟踪委托正在追踪市场行情的变动，暂时无法编辑。</span></div><div class="ace-line ace-line old-record-id-HUc1dXKUeot4owxSQewuNr7JsTc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-KPfTdDydNoRkrrxABCJuKo2Esvd"><span style="font-size: 16px;">如需撤销跟踪委托，在跟踪委托页面点击删除图标即可【撤销】单个委托订单，点击【一键撤销】按钮可以撤销全部跟踪委托订单。</span></div><div class="ace-line ace-line old-record-id-MwfSd2kChoMShMxWzbZurmoEs0b"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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合约限价交易常见问题</a></div></li><li class="ace-line ace-line old-record-id-HWAVdk7XuoJZ9ZxrcWJutunSsAg" data-list="bullet"><div><a href="https://www.mexc.com/support/article/mexc-futures-market-order-faqs-318921954751756288" data-lark-is-custom="true" style="font-size: 16px;">MEXC 合约市价交易常见问题</a></div></li><li class="ace-line ace-line old-record-id-Wmztd33XVopPgWxCPdluCHx9sDc" data-list="bullet"><div><a href="https://www.mexc.com/support/article/mexc-futures-chase-limit-order-faqs-318923114392927232" data-lark-is-custom="true" style="font-size: 16px;">MEXC 合约追逐限价委托交易常见问题</a></div></li><li class="ace-line ace-line old-record-id-Mjm9ddA32ofNUzxxXJ6ur1xEsue" data-list="bullet"><div><a href="https://www.mexc.com/support/article/mexc-futures-trigger-order-faqs-318924677761021952" data-lark-is-custom="true" style="font-size: 16px;">MEXC 合约计划委托交易常见问题</a></div></li><li class="ace-line ace-line old-record-id-USCBd1SuLoOoPkx5chluuDlqs5d" data-list="bullet"><div><a href="https://www.mexc.com/support/article/mexc-futures-post-only-faqs-318928276943616000" data-lark-is-custom="true" style="font-size: 16px;">MEXC 合约只做 Maker 交易常见问题</a></div></li><li class="ace-line ace-line old-record-id-Im1SdRwu3o80Lxx85lLuEzYqsUh" data-list="bullet"><div><a href="https://www.mexc.com/support/article/faq-on-index-price-fair-price-and-last-price-7950960183961" data-lark-is-custom="true" style="font-size: 16px;">指数价格、合理价格和最新成交价常见问题解答</a></div></li></ul></div>

<div data-page-id="V7CzddUJboqppmxlYKsuFkcGsru" data-lark-html-role="root" data-docx-has-block-data="true"><h2 class="heading-2 ace-line old-record-id-GRwXdyMXlodo9wxwY5EuCLVUsGb"><strong>1. MEXC 合约交易手续费计算方法</strong></h2><div class="ace-line ace-line old-record-id-Cb1Pdqoz4oJ54QxCdMCu1DDDslf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VsvGdX7uPoNuSIxHIiJupD9EsYz"><span style="font-size: 16px;">MEXC 合约交易手续费根据成交方式分为 Taker（吃单）手续费和 Maker（挂单）手续费，计算公式如下：</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-Yxc5d74pVofuc2xjkhpuORFwsW8" data-list="bullet"><div><span style="font-size: 16px;">Taker 手续费 = 成交均价 × 张数 × 面值 × Taker 费率</span></div></li><li class="ace-line ace-line old-record-id-FypGdMgo4oxyZaxChF9uIMO5sof" data-list="bullet"><div><span style="font-size: 16px;">Maker 手续费 = 成交均价 × 张数 × 面值 × Maker 费率</span></div></li></ul><div class="ace-line ace-line old-record-id-BdUvdXyZBoLsJlxNE3NuBQn1syd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-I3DfdmsrVo2MRyxNasKu3spDs0e"><span style="font-size: 16px;">举例：假设您以 Taker 方式在价格 30000 USDT 买入 10000 张 BTCUSDT 合约（面值 0.0001 BTC），则手续费 = 30000 × 10000 × 0.0001 × 0.02% = 6 USDT。</span></div><div class="ace-line ace-line old-record-id-JQTQdBSmMoDFBex31pBuIdlcsJd"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-R4VedTrjposiIbxpIxYuYVROs9g"><strong>2. MEXC 合约资金费用计算与结算规则</strong></h2><div class="ace-line ace-line old-record-id-O46gdyrh2onjSZx2d2tuBjDGsfg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-G7t5dKBZQoSQgNx2k9HulUaasZg"><span style="font-size: 16px;">资金费用是永续合约特有的机制，用于平衡多空双方的持仓成本。计算公式为：</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-Xm1Dd1awHo9LW8xDf7Iuaarlswf" data-list="bullet"><div><span style="font-size: 16px;">资金费用 = 资金费率 × 仓位价值</span></div></li><li class="ace-line ace-line old-record-id-BHVBd4V7NoktbuxUAxau0nnbs4d" data-list="bullet"><div><span style="font-size: 16px;">仓位价值 = 合理价格 × 张数 × 面值</span></div></li></ul><div class="ace-line ace-line old-record-id-TcJ9dhAMposLsUxeHG7uyu5gshb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Ihw9dhxuPoOyBex6zYXuPpEus9c"><span style="font-size: 16px;">资金费用的收取或支付取决于两个因素：资金费率的正负以及您的持仓方向（多仓或空仓）。当资金费率为正时，多头支付给空头；当资金费率为负时，空头支付给多头。结算时，仓位价值按当前合理价格计算。</span></div><div class="ace-line ace-line old-record-id-Yj6IdX5hqoBtDmxTie6uuIbcsqe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-E84EdBwfcoNieQxwO3yuj4DDsUb"><span style="font-size: 16px;">举例：您持有 10000 张 BTCUSDT 多仓，当前合理价为 30000 USDT，资金费率为 +0.01%。资金费用 = 30000 × 10000 × 0.0001 × 0.01% = 3 USDT（您需要支付）。若资金费率为 -0.01%，则您将收取 3 USDT。</span></div><div class="ace-line ace-line old-record-id-GehtdcWLAo6lLSxy4VJuWaWxsuw"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-O3h6dn4T5oMAtNxJe9AuORc4sHh"><strong>3. MEXC 合约平仓盈亏计算公式</strong></h2><div class="ace-line ace-line old-record-id-MX0TdGxHUoYneQxOE0suBj2HsAh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-FHI2drtCrocDSNxVTMgu6JG1s2b"><span style="font-size: 16px;">用户总已实现盈亏 = 平仓盈亏 +（资金费用） -（开仓手续费） -（平仓手续费）</span></div><div class="ace-line ace-line old-record-id-ELFJdMtdxoQPzLxwDGYulOJQsKg"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-N81WdfBBMoXThTxourpusU9aspg"><span style="font-size: 16px;">3.1 U 本位合约平仓盈亏计算</span></h3><div class="ace-line ace-line old-record-id-VXU7doXvDo2RekxDDPIuOWiqs9g"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-CkCDdl0Zho8R7ixIVEMuzglvsdg"><span style="font-size: 16px;">多仓平仓盈亏 = (平仓价格 - 开仓均价) × 持仓数量 × 面值</span></div><div class="ace-line ace-line old-record-id-KgQcd7mmwoIRnUxNL4ruAvxjsiv"><span style="font-size: 16px;">空仓平仓盈亏 = (开仓均价 - 平仓价格) × 持仓数量 × 面值</span></div><div class="ace-line ace-line old-record-id-KpwOdzEhhoEE1BxlLD9udvTHsce"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NmS0duN3yo2VOdxLvituhIriskh"><span style="font-size: 16px;">举例：您在 28000 USDT 开多仓 5000 张 BTCUSDT 合约，在 30000 USDT 平仓。平仓盈亏 = (30000 - 28000) × 5000 × 0.0001 = 1000 USDT。</span></div><div class="ace-line ace-line old-record-id-NbYcdo5P0oyECwxsbRlupED0sWS"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-Cu6WdyipToiioyxXw2MumbWHsSf"><span style="font-size: 16px;">3.2 币本位合约平仓盈亏计算</span></h3><div class="ace-line ace-line old-record-id-AiEHdk3tBoZQU7xL2fqumICrsC3"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-KqD7d144ootcexxKQ95uSqLBsUh"><span style="font-size: 16px;">多仓平仓盈亏 = (1/开仓均价 - 1/平仓均价) × 持仓数量 × 面值</span></div><div class="ace-line ace-line old-record-id-SktNdrpq3oGUBaxgwH8uGlj0sXf"><span style="font-size: 16px;">空仓平仓盈亏 = (1/平仓均价 - 1/开仓均价) × 持仓数量 × 面值</span></div><div class="ace-line ace-line old-record-id-WHned6syxoq8tkxldPvu99MxsMd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-T780d2w4EoknGYxuvISuhh3Ysmh"><span style="font-size: 16px;">举例：您在 30000 USDT 开多仓 100 张币本位 BTC 合约（面值 100 USD），在 33000 USDT 平仓。平仓盈亏 = (1/30000 - 1/33000) × 100 × 100 = 0.0303 BTC。</span></div><div class="ace-line ace-line old-record-id-J2d5dGMB7oH9JsxRU3vu8cu2slb"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-SY8wdo8ceoBpP5x2Fk2ugmpQsef"><strong>4. MEXC 合约浮动盈亏（未实现盈亏）计算</strong></h2><div class="ace-line ace-line old-record-id-D7yRdhfagojBmBxLtNxuuA7usJc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-HqVcdCsdHoERdtxTHVKuIB5Gs7b"><span style="font-size: 16px;">浮动盈亏反映的是当前持仓的账面盈亏状态，计算时使用合理价格而非最新成交价。</span></div><div class="ace-line ace-line old-record-id-FQXwdAxMSoZA6gx6ksMuWRGDsRh"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-LYYGdGVk4on0OKxDmcAufk5Qsyd"><span style="font-size: 16px;">4.1 U 本位合约浮动盈亏</span></h3><div class="ace-line ace-line old-record-id-Eg1EdowZZohkRWxyGezuH8XNsIh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ZD2CdFkYpoW7RTxjxjPu8JTIsac"><span style="font-size: 16px;">多仓浮动盈亏 = (合理价格 - 开仓均价) × 持仓数量 × 面值</span></div><div class="ace-line ace-line old-record-id-MBbvdOZVtopkM2xUAOMu1QL5sne"><span style="font-size: 16px;">空仓浮动盈亏 = (开仓均价 - 合理价格) × 持仓数量 × 面值</span></div><div class="ace-line ace-line old-record-id-JJred5qjmoBkCpxLyPwub8FSszu"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-W6lZdtcFgomHWnxP8VXuKGhBsah"><span style="font-size: 16px;">4.2 币本位合约浮动盈亏</span></h3><div class="ace-line ace-line old-record-id-UzgcdGRZMoUQzQxHkvMuldNLs5c"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-JZS3dWzU8oXulfxR9EcuIKO0sud"><span style="font-size: 16px;">多仓浮动盈亏 = (1/开仓均价 - 1/合理价格) × 持仓数量 × 面值</span></div><div class="ace-line ace-line old-record-id-MGVCd3tPkogvjXxx2uyuzjK1sDd"><span style="font-size: 16px;">空仓浮动盈亏 = (1/合理价格 - 1/开仓均价) × 持仓数量 × 面值</span></div><div class="ace-line ace-line old-record-id-G5STdRO0HoXfekxfXKZuNzaYsTc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GC39dxvf2oLMaBxJQHSurNKBsFc"><span style="font-size: 16px;">举例：您持有 8000 张 ETHUSDT 多仓，开仓均价 2000 USDT，当前合理价 2200 USDT，面值 0.01 ETH。浮动盈亏 = (2200 - 2000) × 8000 × 0.01 = 16000 USDT。</span></div><div class="ace-line ace-line old-record-id-AxMpdEWwEoQqQSx0v6RuVhlxs1c"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-KokRdJCTZo88cYxwtVVuWdnGsM8"><strong>5. MEXC 合约收益率与保证金计算</strong></h2><div class="ace-line ace-line old-record-id-G9txduS01om6tDxSvfAutLuusTd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-MPiXd27Hvo4j3pxtexmug2mnsCc"><span style="font-size: 16px;">理解收益率和保证金的关系，有助于您更好地评估交易绩效和管理风险。</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-QCYhd2geboAzBhx3V3Wuxln2spW" data-list="bullet"><div><span style="font-size: 16px;">收益率 = 盈亏额 / 起始保证金</span></div></li><li class="ace-line ace-line old-record-id-IuMudp8tOojWKIx5RUWuwtiOspf" data-list="bullet"><div><span style="font-size: 16px;">起始保证金 = 仓位价值 × 起始保证金率</span></div></li><li class="ace-line ace-line old-record-id-VaUDdmKQUoWrbIxqD9luXgousyh" data-list="bullet"><div><span style="font-size: 16px;">起始保证金率 = 1 / 杠杆倍数</span></div></li></ul><div class="ace-line ace-line old-record-id-E6nVdqZuiouMXVxmo1FuGC6rs5d"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-AFBpdwdY5owbifx0X0CuPAVGsSb"><span style="font-size: 16px;">举例：您使用 10 倍杠杆开仓，仓位价值 10000 USDT。起始保证金率 = 1 / 10 = 10%，起始保证金 = 10000 × 10% = 1000 USDT。若盈利 500 USDT，收益率 = 500 / 1000 = 50%。</span></div><div class="ace-line ace-line old-record-id-SwPfdGjO4obrcQxIgGUusGMwsk5"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-Ma6IdyW0UoFid4xJULAubIByseb"><strong>6. MEXC 合约破产价格计算</strong></h2><div class="ace-line ace-line old-record-id-BaaLdmxuCofKX4xj9mSu0KTcstg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ClxdduMufon2JxxVBvduQ3QasJh"><span style="font-size: 16px;">破产价格是仓位保证金完全亏损时对应的价格，计算公式如下：</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-YqFbdsutaox89axXlSgu93Exscg" data-list="bullet"><div><span style="font-size: 16px;">多仓破产价 = (仓位价值 − 仓位保证金) / (张数 × 面值)</span></div></li><li class="ace-line ace-line old-record-id-W4NxdT3ozoMtOYxqm2uuTHOFs6b" data-list="bullet"><div><span style="font-size: 16px;">空仓破产价 = (仓位价值 + 仓位保证金) / (张数 × 面值)</span></div></li></ul><div class="ace-line ace-line old-record-id-SASbdfPgroTrKFx0QQHusquLs4h"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GIJxd76g4oYYgJxlJ59uYhF9sMb"><span style="font-size: 16px;">举例：您持有 10000 张 BTCUSDT 多仓，仓位价值 3000 USDT，仓位保证金 300 USDT，面值 0.0001。多仓破产价 = (3000 - 300) / (10000 × 0.0001) = 2700 USDT。</span></div><div class="ace-line ace-line old-record-id-R7RfdbsHIoRvLNxYZ96uVBwKsCb"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-NtwGd7FgWoFSiCxb5sYudQJosLc"><strong>7. MEXC 合约交易完整盈亏计算实例</strong></h2><div class="ace-line ace-line old-record-id-DiDDdg9vaopKywxqclcuJFBds2f"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-MEvZdG7EDoTKNfxAHF9u1JMGs4e"><span style="font-size: 16px;">以下通过一个完整案例，演示如何综合计算手续费、资金费用和平仓盈亏。</span></div><div class="ace-line ace-line old-record-id-QSEvdljAkoui55xM5qQuZtjAsDb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-F9KUdkqhyoyXWcxvxEHuY6lkszd"><span style="font-size: 16px;">假设某用户在 BTCUSDT 永续合约中进行以下操作：以 Taker 方式在 7000 USDT 价格买入 10000 张（多仓），Taker 费率 0.02%，Maker 费率 0%，资金费率 -0.025%（负值表示多头收取），当前合理价 7000 USDT，合约面值 0.0001 BTC。</span></div><div class="ace-line ace-line old-record-id-BJoLd69aqoiO3WxVrLcun6EIscf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ZOlmd7liKoZzQVxanx0uDny6s8f"><span style="font-size: 16px;">1）计算开仓手续费：7000 × 10000 × 0.0001 × 0.02% = 1.4 USDT</span></div><div class="ace-line ace-line old-record-id-FPO5d7SRgosi2OxmzOWutO6jsZb"><span style="font-size: 16px;">2）计算资金费用：7000 × 10000 × 0.0001 × (-0.025%) = -1.75 USDT（负值表示收入）</span></div><div class="ace-line ace-line old-record-id-Vt6RdtobnoqVrtxsBxsuysGwsTd"><span style="font-size: 16px;">3）假设在 8000 USDT 以 Taker 平仓，计算平仓盈亏：(8000 - 7000) × 10000 × 0.0001 = 1000 USDT</span></div><div class="ace-line ace-line old-record-id-QJyndLiFmoaMfkxuDdoucvGOslf"><span style="font-size: 16px;">4）计算平仓手续费：8000 × 10000 × 0.0001 × 0.02% = 1.6 USDT</span></div><div class="ace-line ace-line old-record-id-NxsHdCeKdo2A4TxqmSYuBevos9f"><span style="font-size: 16px;">5）计算总已实现盈亏：1000 + 1.75 - 1.4 - 1.6 = 998.75 USDT</span></div><div class="ace-line ace-line old-record-id-GlY7dmNJwoooS2xBRXSuXTpksfd"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-V0iudqWtIoPH7ex1zu9ustGkshc"><strong>8. MEXC 合约可开张数计算方法</strong></h2><div class="ace-line ace-line old-record-id-T9jQdX48ZogueNxcQRLuqizhsbe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-P70Hdv04QoYaY3x13BtuoCsVsCh"><span style="font-size: 16px;">在开仓前，了解可开张数的计算方法有助于您合理规划仓位。</span></div><div class="ace-line ace-line old-record-id-LTvudJbFPoK2J9xradAutwDRsoe"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-J7qKdLTGxoDAs5xfwMDuiX8rsjd"><span style="font-size: 16px;">8.1 U 本位合约可开张数</span></h3><div class="ace-line ace-line old-record-id-JVQKdQnsWokgwWxc8o2u4yxCs8e"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GrFzdXEtooQxEXx4jGmu3ssNsdb"><span style="font-size: 16px;">可开张数 = 起始保证金 × 杠杆倍数 / 面值 / 开仓价格</span></div><div class="ace-line ace-line old-record-id-XKMFdKIgHoZY7vx69iKuQgWssbb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-PmaSdYrd3oCp2axkZpsurSW7sWe"><span style="font-size: 16px;">举例：您有 1000 USDT 保证金，使用 20 倍杠杆，开仓价格 30000 USDT，面值 0.0001。可开张数 = 1000 × 20 / 0.0001 / 30000 = 6666.67 张。</span></div><div class="ace-line ace-line old-record-id-LDwOddBcPodMcaxHxT2updZVsDd"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-ObqodOa9eoho6pxztFfu4R5Rs5b"><span style="font-size: 16px;">8.2 币本位合约可开张数</span></h3><div class="ace-line ace-line old-record-id-M556dQkhto0UtQxcW2EuCzukssh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-D755d30WpoMLzKxMXa1uM1GLs1b"><span style="font-size: 16px;">可开张数 = 委托成本 × 杠杆倍数 × 开仓均价 / 合约面值</span></div><div class="ace-line ace-line old-record-id-Ecp8d0LMmoOBzXx3Uq4uLQsgsfe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-SVoQdQLkvoGmmHxtRzEuKT4UsVe"><span style="font-size: 16px;">举例：您有 0.1 BTC 作为保证金，使用 10 倍杠杆，开仓价格 30000 USDT，面值 100 USD。可开张数 = 0.1 × 10 × 30000 / 100 = 300 张。</span></div><div class="ace-line ace-line old-record-id-Ot00dlQZcoXENExdQUVuPOWisDh"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-SaF4dBmhjop5xgxF0fyuCO7Csvd"><strong>9. MEXC 合约开仓均价计算（加仓后）</strong></h2><div class="ace-line ace-line old-record-id-LcCkdFivOo6zSNxbcztuqpo3smc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GgzQdj1zJoVc2Sx4l5ZuExlgsde"><span style="font-size: 16px;">当您在已有持仓基础上加仓时，需要重新计算开仓均价。</span></div><div class="ace-line ace-line old-record-id-YG8bdfJODon2yxxrobZuC11Fs55"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-CZ5jdRpr9o5Yg4xLmVluaur5slh"><span style="font-size: 16px;">9.1 U 本位合约开仓均价</span></h3><div class="ace-line ace-line old-record-id-HeA7dvA2Po0hFox3W2MuiI44sIe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RX96dV3j6obzZbxxQ6zusVuGsVf"><span style="font-size: 16px;">新开仓均价 = (原持仓均价 × 原持仓量 + 新开仓价格 × 新开仓数量) ÷ (原持仓量 + 新开仓数量)</span></div><div class="ace-line ace-line old-record-id-WD6Jdw7dIokedjxnEizuZm1NsPd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-OAG3dcogLovgzZxVvqLuI2v5sVg"><span style="font-size: 16px;">举例：您原有 5000 张多仓，均价 29000 USDT，现在 31000 USDT 加仓 3000 张。新均价 = (29000 × 5000 + 31000 × 3000) ÷ (5000 + 3000) = 29750 USDT。</span></div><div class="ace-line ace-line old-record-id-YhCydmujNoIx9UxGYgLuz31fsEd"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-XokSd0K0MojZGnxggjJuMpiTs2d"><span style="font-size: 16px;">9.2 币本位合约开仓均价</span></h3><div class="ace-line ace-line old-record-id-QQ0uduoUWoH62IxTFPauTGBNs3c"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-HIWadtJ5Bo9Q3Wx5gRhuVJwmsAg"><span style="font-size: 16px;">新开仓均价 = (原持仓量 + 新开仓数量) ÷ (原持仓量/原持仓均价 + 新开仓数量/新开仓价格)</span></div><div class="ace-line ace-line old-record-id-BXeSdot2FoKwwvxtrNSu5EUVsjP"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-EDrZdHOR5oHj3rxiHLLucUh4sa4"><span style="font-size: 16px;">举例：您原有 100 张多仓，均价 30000 USDT，现在 32000 USDT 加仓 50 张。新均价 = (100 + 50) ÷ (100/30000 + 50/32000) = 30638.3 USDT。</span></div><div class="ace-line ace-line old-record-id-ViKsdDHMroSrOdxrI8qur2JYs8g"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-TahMdsdfcoXmyexj9DKuVSP5sCf"><strong>10. MEXC U 本位合约单位换算</strong></h2><div class="ace-line ace-line old-record-id-YWcBdadTVolTy2xqpTMuE73Asle"><span style="font-size: 16px;"><br></span></div><div><table class="ace-table" data-ace-table-col-widths="133;298;389" style="border:none;border-collapse:collapse;table-layout:fixed;width:500px;"><colgroup><col width="133"><col width="298"><col width="389"></colgroup><tbody><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-X6O0dproVoW7ZixEBrwuuNZ1sQf"><strong style="font-size: 16px;">情景</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-UXHndaqTfoaYhXxXC1iuof35scl"><strong style="font-size: 16px;">公式</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-C94udlnrfoclZTx2ZzWufo7ssxh"><strong style="font-size: 16px;">示例</strong></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-KJJUdmDT8oOHkHxlQbwu4kUosEm"><strong style="font-size: 16px;">张数 → USDT</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-BeQOdbaTCoX55txRRXCuVLdJs2d"><span style="font-size: 16px;">USDT = 张数 × 面值 × 当下最新价格</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-KzJ2dbrMFojVsrxhrhnuXIqosRb"><span style="font-size: 16px;">23405 张；最新价 = 27076.2</span></div><div style="text-align:center" class="ace-line ace-line old-record-id-QLe8dN3b8osXo0xyRwauEDovsjh"><span style="font-size: 16px;">USDT = 23405 × 0.0001 × 27076.2 = 63371.8461 USDT</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-OR0xdasP6oszR2xGVZRuT9sGsTh"><strong style="font-size: 16px;">USDT → 张数</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-MgLZdlejvoVGrsxwzAkuxAwes1f"><span style="font-size: 16px;">张数 = 持仓数量[USDT] / 当下最新价 / 面值</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-OCnVdkzWsoyVUdxu0vXuMDgasRe"><span style="font-size: 16px;">63371.8461 USDT；最新价 = 27076.2</span></div><div style="text-align:center" class="ace-line ace-line old-record-id-IIHUdo2EOo9nNMxLWT1uvhmosqg"><span style="font-size: 16px;">张数 = 63371.8461 / 27076.2 / 0.0001 = 23405</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-FeaBdFcb4oseGlxCdMPuRC3PsWg"><strong style="font-size: 16px;">张数 → 币种单位</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-JqMFdrisAoKslPxzWHGu0xR4sqb"><span style="font-size: 16px;">币种单位 = 张数 × 面值</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Homld0hjsoXkc6xN94AuKPjosBe"><span style="font-size: 16px;">183 张 → BTC = 183 × 0.0001 = 0.0183 BTC</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-O4cOdWPiEotZ5DxVBaJuDcDEs9e"><strong style="font-size: 16px;">币种单位 → 张数</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-GYVqd6QmeouotexKcsGuJiGYsEe"><span style="font-size: 16px;">张数 = 币种单位 / 面值</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Slb5dmPIRoiMgfxHuD3uzUelsid"><span style="font-size: 16px;">0.0183 BTC → 张数 = 0.0183 / 0.0001 = 183 张</span></div></td></tr></tbody></table></div><div class="ace-line ace-line old-record-id-L59UdKurVoAZINxaiaeuCVITs9d"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-PO8pdkBkIo61oJxjPJ5uHumIsJd"><strong>11. MEXC 币本位合约单位换算</strong></h2><div class="ace-line ace-line old-record-id-FXcpdE6yLohBzUx2FYTuTXYKsbg"><span style="font-size: 16px;"><br></span></div><div><table class="ace-table" data-ace-table-col-widths="152;246;422" style="border:none;border-collapse:collapse;table-layout:fixed;width:500px;"><colgroup><col width="152"><col width="246"><col width="422"></colgroup><tbody><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Q6SDdGYAMo0Ti9xNm7quJAqZsBe"><strong style="font-size: 16px;">情景</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-VZJddu4HIoQI67xGCAQu7PBgsDe"><strong style="font-size: 16px;">公式</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Ba4vdfs8zomBIQxKzxrucixes3f"><strong style="font-size: 16px;">示例</strong></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-GfpjdEh6soSCMsxG0cbuQc9ds7g"><strong style="font-size: 16px;">币种单位 → 张数</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Zq6wdn6uIomASixo6FOunrBysOh"><span style="font-size: 16px;">张数 = 币种数量 × 价格 / 面值</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-NAfOdOev6oyYXdxZAk9uc7sTsAe"><span style="font-size: 16px;">0.19 ETH → 张数 = 0.19 × 3100 / 10 = 58.9 张</span></div></td></tr></tbody></table></div><div class="ace-line ace-line old-record-id-UJandul7ioEnGOxhJ3rumixqspd"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-DWzUdqwJaoIXMpxqMcOuL1OYsth"><strong>12. MEXC 合约账户资产计算</strong></h2><div class="ace-line ace-line old-record-id-A5D8dlRUlofyaqxI8zjuL7Eisow"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-EFvddZpcgo1u5MxWfvyur9Nks8c"><span style="font-size: 16px;">了解账户各项资产的计算方式，有助于您更好地管理资金和控制风险。</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-WluddCN3rov0ooxMFKcuuAnPsYd" data-list="bullet"><div><span style="font-size: 16px;">钱包余额 = 体验金余额 + 净转入 + 已实现盈亏。</span></div></li><li class="ace-line ace-line old-record-id-JB4IdCUXloGAq2xjaA8uG5hNsRd" data-list="bullet"><div><span style="font-size: 16px;">可用余额 = 钱包余额 - 占用保证金 - 委托保证金。</span></div></li></ul><div class="ace-line ace-line old-record-id-O1cBdNgGlojpDsxQpuauVU5vsSb"><span style="font-size: 16px;">可用保证金根据是否支持滚仓而有不同计算方式：</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-OyfMdcQUNovou1xkS9Ru04Fjsdd" data-list="bullet"><div><span style="font-size: 16px;">不支持滚仓时，可用保证金 = 可用余额 - 浮动亏损；</span></div></li><li class="ace-line ace-line old-record-id-PC88d7vPpoO6e3xTnRDuzktesng" data-list="bullet"><div><span style="font-size: 16px;">支持滚仓时，可用保证金 = 可用余额 + 浮动盈亏。</span></div></li></ul><div class="ace-line ace-line old-record-id-GwGid6Sc3oDryfx40LKuzwKZsLe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VfufdZSfQobssyx9c7bu3RBisfe"><span style="font-size: 16px;">举例：您的钱包余额为 5000 USDT，占用保证金 2000 USDT，委托保证金 500 USDT，当前持仓浮动盈利 300 USDT。若支持滚仓，可用保证金 = (5000 - 2000 - 500) + 300 = 2800 USDT。</span></div><div class="ace-line ace-line old-record-id-MrFRdS9naot9aPx4lgtuhbYbs0f"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-KvdYdlw1ToAeMtxhLQsuBcVssOb"><span style="font-size: 16px;">推荐阅读：</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-FFWhdqBAMog16lxabunuHi5Zsae" data-list="bullet"><div><a data-lark-is-custom="true" href="https://www.mexc.com/support/article/mexc-margin-calculation-guide-312054740132052992" style="font-size: 16px;">MEXC 保证金计算指南：起始保证金、维持保证金与强平价格计算详解</a></div></li><li class="ace-line ace-line old-record-id-PmBRdYD8hoSqq6xbpkPuEjjJs8c" data-list="bullet"><div><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-the-mexc-app-305421274812529664" data-lark-is-custom="true" style="font-size: 16px;">如何在 MEXC App 进行合约交易</a></div></li><li class="ace-line ace-line old-record-id-T2didZqbzoz6ebxDWcXudAq9sSc" data-list="bullet"><div><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-mexc-web-305423980641926144" data-lark-is-custom="true" style="font-size: 16px;">如何在 MEXC Web 进行合约交易</a></div></li><li class="ace-line ace-line old-record-id-Uwn3dZIZioz4UFxNq7vuh3czs4b" data-list="bullet"><div><a href="https://www.mexc.com/support/article/mexc-futures-funding-rate-305432020820705280" data-lark-is-custom="true" style="font-size: 16px;">MEXC 合约资金费率完整指南：计算方法与查询教程</a></div></li><li class="ace-line ace-line old-record-id-Zcl2dhozLoSApfxRFpbunkx0sGh" data-list="bullet"><div><a href="https://www.mexc.com/support/article/futures-trading-page-terminology-guide-7951093588505" data-lark-is-custom="true" style="font-size: 16px;">合约交易页面名词解读</a></div></li></ul></div>

<div data-page-id="R0RudZDLXo4Z0Uxbl2QunCeDsqb" data-lark-html-role="root" data-docx-has-block-data="false"><div class="ace-line ace-line old-record-id-UVbcdCdbuo8KKDxVHwNuEjXxsnT"><span style="font-size: 16px;">在 MEXC 合约交易中，保证金是每位交易者必须掌握的核心概念。无论您是刚接触合约交易的新手，还是希望深入理解保证金计算方式的进阶用户，本文将为您详细解析 MEXC 平台的保证金计算公式、强平机制，以及如何有效管理仓位风险。</span></div><div class="ace-line ace-line old-record-id-MgJ4dmGh1oxno3xjLCKuc1zBs4e"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-V5t8dfPqIoFs9wxRhNSugRwjswb"><strong>1. 仓位价值：保证金计算的基础</strong></h2><div class="ace-line ace-line old-record-id-ScbKdmiHRonv0Nxzc7Fuwnw0sib"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-MaCQdSAPXobAIix7CnSuPFN1szc"><span style="font-size: 16px;">仓位价值是计算所有保证金的基础数据。在 MEXC 合约中，所有合约交易开仓均需要一定的保证金，而仓位价值决定了您需要投入多少资金。</span></div><div class="ace-line ace-line old-record-id-Prz6doZ9WomGG8xphW5uxnlfs3g"><span style="font-size: 16px;"><br></span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-StRwdChY4o4shAx9zRVuItcVsbg" data-list="bullet"><div><span style="font-size: 16px;">U 本位仓位价值 = 开仓价格 × 面值 × 张数</span></div></li><li class="ace-line ace-line old-record-id-WdevdBUZjo3FZhxDK7ruWqh7sMb" data-list="bullet"><div><span style="font-size: 16px;">币本位仓位价值 = 张数 × 面值/价格</span></div></li></ul><div class="ace-line ace-line old-record-id-GyKldkNmqotGmRxEqPfuTxwhssf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VhD0dRGmzoBygKxupIsuKMsdsGh"><span style="font-size: 16px;">举例：假设您以 50,000 USDT 的价格买入 100 张 BTC/USDT 永续合约（面值为 0.0001 BTC），则您的仓位价值 = 50,000 × 0.0001 × 100 = 500 USDT。</span></div><div class="ace-line ace-line old-record-id-X4vsdwe8eop0wjxinQgu8cxvsCf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-CTP0duCaGoA9Euxe9cNucq4hsLh"><strong>2. 起始保证金：开仓需要冻结多少资金</strong></h2><div class="ace-line ace-line old-record-id-RaEhdDQKao9aUcx5wu0uBKYysZe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-QUc4dazCeoLpCmxhCA1unUr3sCd"><span style="font-size: 16px;">起始保证金是您开仓时必须投入的最低资金。起始保证金率直接反映您使用的杠杆倍数，杠杆越高，所需起始保证金越低。</span></div><div class="ace-line ace-line old-record-id-ARHRd0NJVo3KGHxAlLRuDliRsug"><span style="font-size: 16px;"><br></span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-Q7t6dCSbXoJE0exiv3kuq5Shsjf" data-list="bullet"><div><span style="font-size: 16px;">起始保证金率 = 开仓仓位保证金 / 仓位价值</span></div></li><li class="ace-line ace-line old-record-id-IfBIdLx1toSDizxc7N1uDp24scg" data-list="bullet"><div><span style="font-size: 16px;">U 本位起始保证金 = 开仓均价 × 张数 × 面值 / 杠杆倍数</span></div></li><li class="ace-line ace-line old-record-id-UwuYdVEp8o7pzVxdPrRuTagds8f" data-list="bullet"><div><span style="font-size: 16px;">币本位起始保证金 = 张数 × 面值 / (开仓均价 × 杠杆倍数)</span></div></li></ul><div class="ace-line ace-line old-record-id-PhE4dygAnoapY3xx0pLuooMmsUd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Fpg3d5eH2oSV9mxtRAfuMEUfswb"><span style="font-size: 16px;">举例：您以 50,000 USDT 价格开仓 BTC/USDT 合约，仓位价值 500 USDT，使用 10 倍杠杆。起始保证金 = 500 / 10 = 50 USDT。这意味着您只需投入 50 USDT 即可控制价值 500 USDT 的仓位。</span></div><div class="ace-line ace-line old-record-id-DvbwdAEKpotjr3x4do6uEEiSsHf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-UnmddYr0Xo8QgVxxZ21u5NXOsDb"><strong>3. 维持保证金：避免强平的最低要求</strong></h2><div class="ace-line ace-line old-record-id-Ak8rdogcGoWsNWx6lNsuZ04csyf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VkwNdTBqqo2FgExI43ouWX2zsYw"><span style="font-size: 16px;">维持保证金是维持仓位所需的最低保证金要求。当您的账户保证金低于维持保证金水平时，将触发强平或部分强平。</span></div><div class="ace-line ace-line old-record-id-TqpldjYj5olATtx9hqbulMtDsZc"><span style="font-size: 16px;"><br></span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-TYL4ddfgNoni1Cx8G9SuDfsKsNf" data-list="bullet"><div><span style="font-size: 16px;">U 本位维持保证金 = 开仓均价 × 张数 × 面值 × 维持保证金率</span></div></li><li class="ace-line ace-line old-record-id-TXY5dse7goso7HxMyDIuyNWcszc" data-list="bullet"><div><span style="font-size: 16px;">币本位维持保证金 = 面值 × 张数/开仓均价 × 维持保证金率</span></div></li></ul><div class="ace-line ace-line old-record-id-DjWHdnsu9o8OU0x23jJuK1PasVb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-BJXsdY32XoUWLXxEKlmu8pTfsvh"><span style="font-size: 16px;">举例：假设您的仓位价值为 500 USDT，维持保证金率为 0.5%。维持保证金 = 500 × 0.5% = 2.5 USDT。只要您的仓位保证金加上未实现盈亏高于 2.5 USDT，仓位就能继续维持。</span></div><div class="ace-line ace-line old-record-id-DwAMd8sU2ozkIyxzk18uijdAsBb"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-U0xEdMZofoLXrHxFBWquoSrjsnh"><strong>4. 保证金比率：判断仓位风险的核心指标</strong></h2><div class="ace-line ace-line old-record-id-NobPdUOKwobwSbxZHoruouotskh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Kn7ody2I7odqJqxBlXKudw6es3d"><span style="font-size: 16px;">保证金比率是衡量仓位风险的关键指标。保证金比率越低，仓位风险越小；当保证金比率达到 100% 时，仓位将被强制平仓。</span></div><div class="ace-line ace-line old-record-id-X8vNdCHOXoavboxDtHTui0uesfg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-A1ZQdyV1jopnyhxNIfouwasZsfc"><span style="font-size: 16px;">保证金比率 = (维持保证金 + 强平手续费) / (仓位保证金 + 未实现盈亏)</span></div><div class="ace-line ace-line old-record-id-THuEdTcj5oDRBJxOGuZuA95Usef"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-THEdd3N2loLqv4xTb6Xu07mGsBd"><span style="font-size: 16px;">举例：您的维持保证金为 2.5 USDT，强平手续费为 0.5 USDT，仓位保证金为 50 USDT，当前浮亏 20 USDT（未实现盈亏 = -20）。</span></div><div class="ace-line ace-line old-record-id-G2hid9DahozXX4x1yRAuyvUssRf"><span style="font-size: 16px;">保证金比率 = (2.5 + 0.5) / (50 - 20) = 3 / 30 = 10%，此时风险较低。</span></div><div class="ace-line ace-line old-record-id-KtzRdd2i5o6c7OxmwpiuCdvrstd"><span style="font-size: 16px;">若浮亏增至 47 USDT，保证金比率 = 3 / 3 = 100%，将触发强平。</span></div><div class="ace-line ace-line old-record-id-CvshdkkE0otvTlxUKlzueIa4shL"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-YLdMdUge2oXejVx1387uWazWsMc"><strong>5. 开仓成本：总共需要冻结多少资产</strong></h2><div class="ace-line ace-line old-record-id-NMoMdrdDLoiZycxnaRauhlTDsFd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-JcTGda6B7oSioExXqCouRcPrsge"><span style="font-size: 16px;">开仓成本是开仓时总共需要冻结的资产，包括起始保证金和可能产生的手续费。手续费取决于订单执行后您是 Maker（挂单方）还是 Taker（吃单方）。</span></div><div class="ace-line ace-line old-record-id-XBokdrQq8okO01xOYWluk5M9sWg"><span style="font-size: 16px;"><br></span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-QkkgdfypSo44cex8WJeugeKWsOg" data-list="bullet"><div><span style="font-size: 16px;">开仓成本 = 起始保证金 + 可能的手续费（取决于订单执行后是否为 Maker / Taker）</span></div></li><li class="ace-line ace-line old-record-id-UXWodRpa9ouxOIx56wHuLdbaslc" data-list="bullet"><div><span style="font-size: 16px;">U 本位合约：委托成本 = 开仓均价 × 开仓数量 × 合约面值 / 杠杆倍数</span></div></li><li class="ace-line ace-line old-record-id-D9N4dDlcuoBoF1xzZgYuG1ejsca" data-list="bullet"><div><span style="font-size: 16px;">币本位合约：委托成本 = 开仓数量 × 合约面值 ÷ (杠杆倍数 × 开仓均价)</span></div></li></ul><div class="ace-line ace-line old-record-id-O8OtdBWWmo4m5ExKKnUuKes6sPX"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GsXsdGxuqo1GaSxXeZKu9tgBsxh"><span style="font-size: 16px;">举例：您以 10 倍杠杆开仓价值 500 USDT 的仓位，Taker 手续费率为 0.02%。起始保证金 = 50 USDT，预估手续费 = 500 × 0.02% = 0.1 USDT，开仓成本 = 50 + 0.1 = 50.1 USDT。</span></div><div class="ace-line ace-line old-record-id-UF0bd7SNeoabz6xfyvFu4f0OsZq"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-WK1SdLiWLoDw9ZxMQvOudOSDs3f"><strong>6. 仓位保证金：强平判断的关键数据</strong></h2><div class="ace-line ace-line old-record-id-T58XdYLSKosgn2xn7Zyu9Cxhsrf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-V92HdxvWgojftGxgVqRuHJz6sog"><span style="font-size: 16px;">仓位保证金是系统判断是否触发强平的重要依据。当仓位保证金加上浮动盈亏低于维持保证金时，将触发强制平仓。</span></div><div class="ace-line ace-line old-record-id-XbVOdd4iCoM8Y3xglmFu4QqtsTh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-FDubd6e8Xo2HvyxnCituWsBUske"><span style="font-size: 16px;">仓位保证金 = 开仓均价 × 数量 × 面值 ÷ 杠杆倍数</span></div><div class="ace-line ace-line old-record-id-A3u2d6McoozfakxIAVAuEon4sSh"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-F6vCdm6u6oSindx638Ou41NTsNb"><strong>7. 逐仓模式强平价格：精准计算爆仓点位</strong></h2><div class="ace-line ace-line old-record-id-DeipdWC5xoqXVhxyQEquiBk5sVe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-FLyhdnPR0ol0o3xIQPLuOTg5see"><span style="font-size: 16px;">在逐仓模式下，每个仓位的保证金相互独立。当某个仓位的保证金加浮动盈亏低于维持保证金时，该仓位将被强平。</span></div><div class="ace-line ace-line old-record-id-CTuWdqh9oodj7MxpkUjuAvIBs9s"><span style="font-size: 16px;"><br></span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-QIrXd5l0ho6dxNxRUPQuyoO6snd" data-list="bullet"><div><span style="font-size: 16px;">强平条件: 仓位保证金 + 浮动盈亏 ≤ 维持保证金</span></div></li><li class="ace-line ace-line old-record-id-KGpqdEZ6eo5RyoxJqQMu8ClGsIh" data-list="bullet"><div><span style="font-size: 16px;">多仓（做多）强平价 = (维持保证金 - 仓位保证金 + 开仓均价 × 数量 × 面值) / (数量 × 面值)</span></div></li><li class="ace-line ace-line old-record-id-GPvwdzb3xo05VcxoZRCurYS4sAN" data-list="bullet"><div><span style="font-size: 16px;">空仓（做空）强平价 = (开仓均价 × 数量 × 面值 - 维持保证金 + 仓位保证金) / (数量 × 面值)</span></div></li></ul><div class="ace-line ace-line old-record-id-EgGqdYTBFo8D7CxqajWujNHAsGf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-R7FtdWhlSoweKFxT3EmuznqQs7f"><span style="font-size: 16px;">举例：您以 50,000 USDT 做多 BTC，仓位价值 500 USDT，10 倍杠杆（仓位保证金 50 USDT），维持保证金 2.5 USDT，数量 × 面值 = 0.01 BTC。多仓强平价 = (2.5 - 50 + 500) ÷ 0.01 = 452.5 ÷ 0.01 = 45,250 USDT。即 BTC 价格跌至约 45,250 USDT 时，您的多仓将被强平。</span></div><div class="ace-line ace-line old-record-id-UODRdIuOeo46pWxMUNmuXssYsmf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-XK5idVB52onEjAx8qL9uByLusfb"><strong>8. 全仓模式保证金计算：与逐仓模式差异</strong></h2><div class="ace-line ace-line old-record-id-GzdZdASHyoWXHaxJxciuWtSIsiZ"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UQKhdQUeAoytRsxquzwu1kHYsgf"><span style="font-size: 16px;">全仓模式下，系统会将您账户中所有可用保证金作为仓位保证金，以降低被强平的风险。需要注意的是，某个仓位产生的亏损导致可用余额减少后，不会立即用作其他全仓仓位的保证金。</span></div><div class="ace-line ace-line old-record-id-XzlWdYvboobzstxPKyPuYPMcsHe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-WsUJdCfLHoNRECxnoT6uYuDKsag"><span style="font-size: 16px;">全仓模式特点：所有可用资金共同承担风险，适合对行情判断有较高把握的交易者；但一旦爆仓，损失可能涉及全部可用资金。</span></div><div class="ace-line ace-line old-record-id-CTZsdUfnnoOyuexSWeBuweZMseh"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-Fg4fdAFJOoS1CLxjNStuvWc5s3w"><strong>9. 自动追加保证金：仓位保护的最后防线</strong></h2><div class="ace-line ace-line old-record-id-PE8ddIScvouUeKxVUFLufzWMspe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TEwodxlWaoy5Utx3Kovu8SlMshc"><span style="font-size: 16px;">自动追加保证金功能可在仓位接近强平时，自动从可用余额中转入保证金，帮助您保护仓位、避免强制平仓。这是守护仓位的最后一道防线。</span></div><div class="ace-line ace-line old-record-id-EFpeds0d3o0AdQxFiH3uwNLYs8d"><span style="font-size: 16px;"><br></span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-Hjzdd9Hc8oyH7fx1yNDulTdeshc" data-list="bullet"><div><span style="font-size: 16px;">U 本位合约：每次自动追加保证金金额 = 开仓均价 × 合约面值 × 持仓数量 × 维持保证金率</span></div></li><li class="ace-line ace-line old-record-id-ARxode6kloqurrxlqt8ulLHUshd" data-list="bullet"><div><span style="font-size: 16px;">币本位合约：每次自动追加保证金金额 = 合约面值 × 持仓数量 × 维持保证金率 / 开仓均价</span></div></li></ul><div class="ace-line ace-line old-record-id-X08id3G6KoWcahxYjItubcgPsje"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GMgfddij5oXafwxJUizuPxo6soW"><span style="font-size: 16px;">举例：您持有 BTC/USDT 多仓，开仓均价 50,000 USDT，仓位价值 500 USDT，维持保证金率 0.5%。当触发自动追加时，系统每次追加 500 × 0.5% = 2.5 USDT。</span></div><div class="ace-line ace-line old-record-id-Cv7qdKAr4onCvnxVQdzuViYXsqh"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-FcUgdabuEoayvcxNoJMuzFeysGb"><strong>10. 保证金常见问题</strong></h2><div class="ace-line ace-line old-record-id-KCTHdbQpBoKssFxXhgWuCVKfsqe"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-GQl0dfNJxoUmDQxIHXiuYB6Vsac"><span style="font-size: 16px;">10.1 保证金不足会怎么样？</span></h3><div class="ace-line ace-line old-record-id-D5kHdacrmopD3sx9EVZubWB4sAe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-IY13dzZDLoiMfDxXyyQur4Bes1e"><span style="font-size: 16px;">当您的仓位保证金加上未实现盈亏低于维持保证金要求时，系统将触发强制平仓。在逐仓模式下仅平掉该仓位，在全仓模式下可能影响所有仓位。</span></div><div class="ace-line ace-line old-record-id-XKBvdA3ZxoGJPmx5q0juE8aVsNg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-EjYfdAxpFoXrJZxDPcxuyA3esNh"><span style="font-size: 16px;">举例：您开了一个 50 USDT 保证金的多仓，维持保证金为 2.5 USDT。当市场下跌导致浮亏达到 47.5 USDT 时，仓位保证金 + 未实现盈亏 = 50 - 47.5 = 2.5 USDT，刚好等于维持保证金，此时触发强平。</span></div><div class="ace-line ace-line old-record-id-Yb0ldZyomoqu9DxAVtOuXh47sYg"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-BDWrd6OtBo3leMxPHSSu0C5Rsvc"><span style="font-size: 16px;">10.2 如何降低保证金比率、减少爆仓风险？</span></h3><div class="ace-line ace-line old-record-id-GVKrdBh58oPIAlxsceDu0684sog"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-D4gWduo7UoHHghxCmLruL1tMsQh"><span style="font-size: 16px;">您可以通过以下方式降低风险：手动追加保证金、降低杠杆倍数、部分平仓减少仓位规模，或开启自动追加保证金功能。</span></div><div class="ace-line ace-line old-record-id-NJo3do81WoZ8IPxdwUmuhVVZspg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-DqmIdwUrcopKZtxoPG6uG6VTs6f"><span style="font-size: 16px;">举例：假设您当前保证金比率为 80%（接近强平），可以向仓位追加 20 USDT 保证金，将保证金比率降至约 50%，大幅降低爆仓风险。</span></div><div class="ace-line ace-line old-record-id-EoeGdU41qo2MTIxz8lfuvRPTsid"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-KrsKd6sRjoT5FrxGsDCuuvMosje"><span style="font-size: 16px;">10.3 逐仓和全仓保证金模式如何选择？</span></h3><div class="ace-line ace-line old-record-id-ZF4sdJdvMoAkoAxkTE7ui3qOs2g"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UyD3db41lof8Bcx4IWlusFIDseh"><span style="font-size: 16px;">逐仓模式适合希望隔离风险的用户，每个仓位独立核算，爆仓不影响其他仓位；全仓模式适合需要更大抗风险能力的用户，所有资金共同承担风险，但一旦爆仓损失更大。</span></div><div class="ace-line ace-line old-record-id-Lf7mdItazo73yixDHwyuQzyzsFd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UDgjdCeS6oj3gJx1xQjuPPrLs0c"><span style="font-size: 16px;">举例：您账户有 1000 USDT，开了 A、B 两个仓位各用 100 USDT 保证金。在逐仓模式下，A 仓位爆仓最多损失 100 USDT，B 仓位和剩余 800 USDT 不受影响；在全仓模式下，若 A 仓位持续亏损，系统会调用剩余 800 USDT 来维持仓位，极端情况下可能损失全部 1000 USDT。</span></div><div class="ace-line ace-line old-record-id-Tudid38H1o2yGUxg4K3uxoyPs0b"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-CZ3GdMI2DocNmoxuIh6uqdi5sHg"><span style="font-size: 16px;">10.4 保证金可以随时提取吗？</span></h3><div class="ace-line ace-line old-record-id-BrsQdwm91opnumxbv0IudVoLsLh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-MlIkdW32yoKeBQxmnMtu5sOxsJh"><span style="font-size: 16px;">未被仓位占用的可用保证金可以随时提取。但正在使用的仓位保证金必须在平仓后才能释放。</span></div><div class="ace-line ace-line old-record-id-TOGjd8xzOoB5KQxPJhiuyfnNs6f"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NMlHdAcV1og9k9xAiNRuovUvsdd"><span style="font-size: 16px;">举例：您账户总共有 500 USDT，其中 100 USDT 用作仓位保证金，400 USDT 为可用余额。此时您最多可提取 400 USDT，而 100 USDT 需要平仓后才能提取。</span></div><div class="ace-line ace-line old-record-id-W5nAd3s3Kotqn0x5ywCud5hZsfg"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-SZVhdV0CNofWpHxkyDRu7v3BsUh"><span style="font-size: 16px;">推荐阅读：</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-RGAGd6TUJoe7vExLaRNu2Kqzs0p" data-list="bullet"><div><a data-lark-is-custom="true" href="https://www.mexc.com/support/article/mexc-futures-calculation-guide-312060306409668608" style="font-size: 16px;">MEXC 合约计算指南：手续费、浮动盈亏、平仓收益公式详解</a></div></li><li class="ace-line ace-line old-record-id-DU8zdWn6Uo2JQAxxPEXuqgoAsjf" data-list="bullet"><div><a href="https://www.mexc.com/support/article/futures-trading-faq-305425827477864448" data-lark-is-custom="true" style="font-size: 16px;">合约交易常见 FAQ：新手入门必读的完整指南</a></div></li><li class="ace-line ace-line old-record-id-Qo5mdW8XWo68qjxtbq3uGWGcsjc" data-list="bullet"><div><a href="https://www.mexc.com/support/article/time-in-force-tif-for-futures-trading-305427906242034688" data-lark-is-custom="true" style="font-size: 16px;">合约交易生效时间完整指南</a></div></li><li class="ace-line ace-line old-record-id-HOEJdMsdWoBOw5xO339udjadsSx" data-list="bullet"><div><a href="https://www.mexc.com/support/article/faq-on-auto-deleveraging-adl-8127010829081" data-lark-is-custom="true" style="font-size: 16px;">自动减仓机制（ADL）常见问题解答</a></div></li><li class="ace-line ace-line old-record-id-QAozdGZ0Tob3kjxnziruCD3XsVc" data-list="bullet"><div><a href="https://www.mexc.com/support/article/faq-on-index-price-fair-price-and-last-price-7950960183961" data-lark-is-custom="true" style="font-size: 16px;">指数价格、合理价格和最新成交价常见问题解答</a></div></li></ul><div class="ace-line ace-line old-record-id-PCcYdTdASoNtk1xL0xnumlyHsuH"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ASs6dChCcok1vRxB7nwuVRMmssc"><span style="font-size: 16px;"><br></span></div></div>

<div data-page-id="DWncd1S2FohSjOxhbreuWbsesFh" data-lark-html-role="root" data-docx-has-block-data="true"><h2 class="heading-2 ace-line old-record-id-AMURdslFzogQfax8jqeuidPKswb"><strong>1. 什么是 U 本位合约？</strong></h2><div class="ace-line ace-line old-record-id-AEKjdfJGboYpWzxRCkMuaQgPsQg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GByjdS4QQoMW1Hxg2v6uWG30sGg"><span style="font-size: 16px;">U 本位合约，又称为正向合约，是指以 USDT、USDC 等稳定币进行计价和结算的合约类型。在 MEXC 平台上，U 本位合约采用 <a data-lark-is-custom="true" href="https://www.mexc.com/price/tether">USDT</a> 和 USDC 作为计价和结算货币。</span></div><div class="ace-line ace-line old-record-id-KMced1gYToeQWQxICq8uNvGlsGJ"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TatadEOXIoIV8PxcYdPudfZwshc"><span style="font-size: 16px;">以 USDT 或 <a data-lark-is-custom="true" href="https://www.mexc.com/price/USDC">USDC</a> 结算的最大优势在于交易者能够轻松以法币计算回报，使收益更加直观。例如，当你通过 U 本位合约获得 100 USDT 的利润时，你可以清楚地知道这大约等于 100 美元，无需进行复杂的换算。</span></div><div class="ace-line ace-line old-record-id-Q90Td02EnoBIPAxLW25ud07Gsjc"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-EhrodQzXQoj0sfxfeTourYFZsjd"><strong>2. 什么是币本位合约？</strong></h2><div class="ace-line ace-line old-record-id-MnjOdWIIlouwPyxQLzguetTfsbc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-JzgTdglgpoum4yxGdBEu8uXRsRg"><span style="font-size: 16px;">币本位合约，又称为反向合约，是指以对应的加密货币（如 <a data-lark-is-custom="true" href="https://www.mexc.com/price/BTC">BTC</a>、ETH、<a data-lark-is-custom="true" href="https://www.mexc.com/price/XRP">XRP</a> 等）进行结算的合约类型。交易者无需持有稳定币作为保证金，而是直接使用相应的加密货币。</span></div><div class="ace-line ace-line old-record-id-FAg7dUCscoEMobxGlbzuDkOxsIh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Bv5Sdt9JRoRN0ExWpI2uOjvTsSd"><span style="font-size: 16px;">目前 MEXC 提供 BTC 和 <a data-lark-is-custom="true" href="https://www.mexc.com/price/ETH">ETH</a> 等多种币本位合约产品。币本位合约的最大优势在于提高资金使用效率，在持有加密货币的同时，可以进行合约交易，无需将资产兑换成稳定币。</span></div><div class="ace-line ace-line old-record-id-YpcYdYUdro1R3CxvyuUuTosysyc"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-I5vBd8CbhoSFTZx5l4Pu55WBsYg"><strong>3. U 本位合约与币本位合约有什么区别？</strong></h2><div class="ace-line ace-line old-record-id-ZM2IdIkwNoNe6uxCt0xuiLDosBd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-DNJWduErHog2AbxEve7uzZGrspC"><span style="font-size: 16px;"><strong>结算单位</strong>：U 本位合约统一使用 USDT、USDC 等稳定币进行结算，而币本位合约则采用多币种结算，如 BTC、ETH 等。</span></div><div class="ace-line ace-line old-record-id-Z12jdO30ZoTX2MxBwS3ueQsHsvf"><span style="font-size: 16px;"><strong>保证金</strong>：U 本位合约要求以 USDT、USDC 等稳定币作为保证金，币本位合约则允许使用 BTC、ETH 等多种加密货币作为保证金。</span></div><div class="ace-line ace-line old-record-id-BOa1dQ09woC7sGxjdHfutiDIsee"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-M22vdLznWoPHO4xDdZTuffRYsxh"><span style="font-size: 16px;">值得注意的是，两种合约在持有时间和杠杆类型上保持一致：均无持仓时间限制，且都支持逐仓和全仓两种杠杆模式。这为交易者提供了多样化的选择空间。</span></div><div class="ace-line ace-line old-record-id-WTqTdSmH4oqQjTx2HZ9uk8YrsHg"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-HuPodPC02oMlJKxIPQKuFGlismc"><strong>4. 选择 U 本位合约有哪些好处？</strong></h2><div class="ace-line ace-line old-record-id-VHeCdL5HVo8ba1xjeeduCQFRsfe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UqPnd02Mmoc3KJxJ71juhsfDsNd"><span style="font-size: 16px;">当你除了持有稳定币外没有持有其他加密资产时，U 本位合约可能是更好的选择。MEXC 的 U 本位合约市场提供上百种合约交易对，最高可达 500 倍杠杆，交易者可以通过合理运用杠杆尝试赚取更高的收益。</span></div><div class="ace-line ace-line old-record-id-TU32dVt0poXYyYxGlMDukUvLs0Y"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-HxJwd04nzolFxexQITeu9TafsXc"><span style="font-size: 16px;">U 本位合约的另一个重要优势是收益计算更加直观。由于稳定币价值与美元挂钩，交易者可以更清晰地了解自己的实际盈亏情况，便于进行风险管理和资金规划。</span></div><div class="ace-line ace-line old-record-id-V76TdUBYEoVrd4xtYSiuwupYsLf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-FVqhdq7x9olTOwxUChSuE8JYsKf"><strong>5. 选择币本位合约有哪些好处？</strong></h2><div class="ace-line ace-line old-record-id-GL7pdXJLBoMhNfxPOXtuumIpsqb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-MhYFdy9xRouky9xADLcuTLttsDf"><span style="font-size: 16px;">对于加密货币资产的长期持有者来说，币本位合约具有极大的吸引力。加密货币持有者不需要将任何资产兑换成稳定币，就可以在 MEXC 币本位合约市场进行对冲和交易，避免了因兑换而可能产生的损失。</span></div><div class="ace-line ace-line old-record-id-GLF7dOgT8oYdYNx2gDouA12vseg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NYrKdqXvNojCCNxWtuSuzhp7sbg"><span style="font-size: 16px;">当牛市来临时，由于币本位合约以币结算，任何盈利都会直接转化成加密货币长期持仓。这为用户长期增持所看好的加密货币提供了绝佳的方式，有助于实现资产的增值和保值。</span></div><div class="ace-line ace-line old-record-id-WaNDd9ifgoCtRxxYTlhuho15szh"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-NsTUdayV1oIiszxEZBZuYf0Tsff"><strong>6. U 本位和币本位哪个风险更大？</strong></h2><div class="ace-line ace-line old-record-id-ZuSTd75Dho22TkxpYBOukDHDsFd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VwdMdXnq2oGjIFxKYFtuc22wsOd"><span style="font-size: 16px;">币本位合约因币价波动而面临“双重风险”，但同样也可获取更高的涨幅红利。当做多时，如果判断正确，币本位合约不仅能从合约交易中获利，还能享受持仓加密货币的价格上涨收益。</span></div><div class="ace-line ace-line old-record-id-A5E9djsQeo19IdxuEiJuthYPs35"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Cbtod0BDqoPaCyxpy70uFsC1sch"><span style="font-size: 16px;">相比之下，U 本位合约更适合控制风险，因为盈亏以稳定币计算更加明确。对于风险承受能力较低或希望锁定收益的交易者来说，U 本位合约是更稳健的选择。</span></div><div class="ace-line ace-line old-record-id-MVFKdWDxLoIZPMx2IkTuybefs2e"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-IBQLdaIz8oDxSWxiTDsuy9HMsch"><strong>7. 可以在 U 本位和币本位之间随时切换吗？</strong></h2><div class="ace-line ace-line old-record-id-H6RZdPgUqoleHOxbFCHuZtFssnc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GMBTdeKK7o2XzDxrJoqu8wH5s7e"><span style="font-size: 16px;">交易者可以自由选择交易对，在 U 本位合约和币本位合约之间进行切换。但需要特别注意的是，仓位之间无法直接转换，如需切换合约类型，必须手动平仓后再重新开仓。</span></div><div class="ace-line ace-line old-record-id-RnDUdIkkZooQZEx0vBhu3IgmsC8"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-SgiTdlaHso6vB3x6xyjuHORFsec"><span style="font-size: 16px;">在 MEXC 平台上，目前提供上百种 U 本位合约和 BTC、ETH 等数十种币本位合约供交易者选择，满足不同的交易需求和策略偏好。</span></div><div class="ace-line ace-line old-record-id-WyoYdlheXoYAtyxm5GPucGYVskg"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-Hes4dTGAKoB4hrxPG8quwVp1sZg"><strong>8. 如何在交易平台设置 U本位或币本位合约？</strong></h2><div class="ace-line ace-line old-record-id-PXZjdnD7LouoJkx9MT9uSJQ9sSe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-SRgadFp8GouRrxx8Zvpu1crhspc"><strong style="font-size: 16px;">Web：</strong></div><div class="ace-line ace-line old-record-id-FllsdigWVohXFOxpEEYuFdVhs0f"><span style="font-size: 16px;">1）MEXC <a data-lark-is-custom="true" href="https://www.mexc.com/">官网</a>→导航栏【合约】→选择【<a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDT">USDT 本位合约</a>】/【<a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDC">USDC 本位合约</a>】或【<a data-lark-is-custom="true" href="https://www.mexc.com/futures/coin-m/BTC_USD">币本位合约</a>】。</span></div><div class="ace-line ace-line old-record-id-Xh6jdvXHToSzZmxBcG8uWGQlsGh"><span style="font-size: 16px;">2）在<a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDT">合约交易</a>页面→点击交易币对旁边的下拉按钮→选择【USDT 本位合约】/【USDC 本位合约】或【币本位合约】。</span></div><div class="ace-line ace-line old-record-id-WunTdZgzcozWQIxX9HSuC1VJsif"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-suite="eyJmaWxlVG9rZW4iOiJDQ1hTYnkzOTlvZVJsZnhudks3dWU5QldzU2IiLCJvYmpUeXBlIjoiZG9jeCIsIm9ialRva2VuIjoiTVRrOWRnTUh3b04xWXd4ZDdFUHVxVkVmc0doIiwib3JpZ2luU3JjIjoiaHR0cHM6Ly9pbnRlcm5hbC1hcGktZHJpdmUtc3RyZWFtLmxhcmtzdWl0ZS5jb20vc3BhY2UvYXBpL2JveC9zdHJlYW0vZG93bmxvYWQvcHJldmlldy9DQ1hTYnkzOTlvZVJsZnhudks3dWU5QldzU2IvP3ByZXZpZXdfdHlwZT0xNiJ9" data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/CCXSby399oeRlfxnvK7ue9BWsSb/?mount_node_token=MTk9dgMHwoN1Ywxd7EPuqVEfsGh&mount_point=docx_image" data-width="1169" data-height="2427" data-lark-image-uri="drivetoken://CCXSby399oeRlfxnvK7ue9BWsSb" data-lark-image-width="1169" data-lark-image-height="2427" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 300px;"></div><div class="ace-line ace-line old-record-id-Wqcpd9sREoBqOdxJfdgu6pm4sxd"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-PCI0dAm7GoCv9axkmXFuMOxEsIg"><span style="font-size: 16px;">推荐阅读：</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-CUPXduJeRobZgGxcYQluJh9Cskf" data-list="bullet"><div><a data-lark-is-custom="true" href="https://www.mexc.com/support/article/futures-trading-faq-305425827477864448" style="font-size: 16px;">合约交易常见FAQ：新手入门必读的完整指南</a></div></li><li class="ace-line ace-line old-record-id-T8SgdXJ73oIi6QxtzvVu5dIYs1e" data-list="bullet"><div><a href="https://www.mexc.com/support/article/futures-trading-page-terminology-guide-7951093588505" data-lark-is-custom="true" style="font-size: 16px;">合约交易页面名词解读</a></div></li><li class="ace-line ace-line old-record-id-FKDydXZWSocBxcxDxlvuNzxhs3c" data-list="bullet"><div><a href="https://www.mexc.com/support/article/a-complete-guide-to-futures-information-terminology-305436590665908224" data-lark-is-custom="true" style="font-size: 16px;">一文解读合约信息名词</a></div></li><li class="ace-line ace-line old-record-id-UkqTdfJWYoTtjHxdi68uNTuCs0f" data-list="bullet"><div><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-the-mexc-app-305421274812529664" data-lark-is-custom="true" style="font-size: 16px;">如何在 MEXC App 进行合约交易</a></div></li><li class="ace-line ace-line old-record-id-H5ted75B7oDstexZjxLusL6bs0d" data-list="bullet"><div><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-mexc-web-305423980641926144" data-lark-is-custom="true" style="font-size: 16px;">如何在 MEXC Web 进行合约交易</a></div></li></ul><div class="ace-line ace-line old-record-id-FeK8dax5QoeLabx8CgfuJColsub"><br></div></div>

<div data-page-id="HTwXdnVyeo8kHSxPJnLufaCfsNc" data-lark-html-role="root" data-docx-has-block-data="true"><h2 class="heading-2 ace-line old-record-id-NpxGdOoTgoUGdsxUN3kuSBqTs88"><strong>1. 什么是单向持仓和双向持仓？</strong></h2><div class="ace-line ace-line old-record-id-VQp3dwMIoozYQYxuSJlueatmsfb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-OiLsdIPMnoJKrGxEgKEuQvVvsnf"><span style="font-size: 16px;">在加密货币合约交易中，单向持仓模式意味着在同一合约交易对下只能持有单一方向的仓位，不能同时持有多头和空头仓位。</span></div><div class="ace-line ace-line old-record-id-X0OXdiii5oHTRqxSHS0uolsfsrf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NIzwdzzxEokcTmxkegFu5PVNsHf"><span style="font-size: 16px;">双向持仓模式允许在同一合约交易对下同时持有多头和空头仓位，使交易者能够同时在两个方向上建立头寸。系统会分别记录这些仓位，每个方向的盈亏（PNL）也会独立计算。</span></div><div class="ace-line ace-line old-record-id-Bh9YdgN8Mor16oxp1dDuNg4esub"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-CWNkdFEUUok98XxRC8FudLiuseb"><strong>2. 单向持仓模式的特点</strong></h2><div class="ace-line ace-line old-record-id-YnkZdHQlVoaT6wxirNRuc4fQsBj"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-L1T5dEACtoEtvsxVGtQuVgT3sUf"><span style="font-size: 16px;"><strong>仅允许单一方向持仓</strong>：交易者一次只能持有单一方向的仓位，如果下达相反方向的订单，系统会自动抵消现有仓位。</span></div><div class="ace-line ace-line old-record-id-DIrOdJoTzotJpCxFfHAunm1YsUA"><span style="font-size: 16px;"><strong>简化交易策略</strong>：专注于单一的市场判断，使交易者能够形成更清晰、更直接的策略。</span></div><div class="ace-line ace-line old-record-id-MJ5Md3GtookiBlxwQDJutGKdsTB"><span style="font-size: 16px;"><strong>适合快速进出场</strong>：允许交易者更快速地进出市场。无需先平掉相反方向的仓位，加快订单执行速度。</span></div><div class="ace-line ace-line old-record-id-U5TNdYNd0oxc4JxiKBGuVc2CsSb"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-GNULdWA2lon5vrx9zezueZuqs7c"><strong>3. 双向持仓模式的特点</strong></h2><div class="ace-line ace-line old-record-id-U0qadcwxxooyiYxzwBnuwh5As5d"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-SBfadnbnBocSeqxOXMruXL1JsVc"><span style="font-size: 16px;"><strong>能够同时持有双向仓位</strong>：在双向持仓模式下，交易者可以在同一交易对上同时持有多头和空头仓位。</span></div><div class="ace-line ace-line old-record-id-U7CbdXbMzomn7axcuTBuH0OCsbe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-YBEFdqoWXotKzTxT6D9us3oWsRg"><span style="font-size: 16px;"><strong>灵活的交易策略</strong>：双向持仓模式提供了更大的灵活性，使交易者能够根据市场状况和策略平衡多空仓位或调整敞口。</span></div><div class="ace-line ace-line old-record-id-RwnfdZOajocD9kxsyNvuHuThskf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-OTnsdLzopojCpWx1RQuu01PTsvs"><span style="font-size: 16px;"><strong>风险对冲</strong>：通过同时维持多头和空头仓位，交易者可以对冲市场不确定性和波动性，有助于降低整体敞口并最小化突然价格波动的影响。</span></div><div class="ace-line ace-line old-record-id-BdHsdWhZ4o7keYxQ5Ewu14eEsfg"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-N3eRdaHUWolhSFxfIXRuc1t2s8e"><strong>4. 单向持仓和双向持仓的区别对比</strong></h2><div class="ace-line ace-line old-record-id-Z4f9deMrDomOiXx9u6vu5sf6ssc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-CWsNdNgaRoEkChxCsbiu6RPVsng"><span style="font-size: 16px;"><strong>仓位方向：</strong>单向持仓只能选择做多或做空一个方向，双向持仓可以同时持有多头和空头仓位。</span></div><div class="ace-line ace-line old-record-id-XrrCdAjSjoN8q4xaAaAuGItGsyb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RckfdcG7to7jCwxdP4AuDS9ms17"><span style="font-size: 16px;"><strong>策略复杂度：</strong>单向持仓逻辑清晰、操作简单、仓位管理直观，降低了操作失误的风险。双向持仓仓位管理更复杂，需要交易者管理两个独立仓位的保证金和风险。</span></div><div class="ace-line ace-line old-record-id-PXbpdtcGgoLvwlx9ldzuPWdrsfb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-OagCdTZCroaeMFxmXwquXmM0sZc"><span style="font-size: 16px;"><strong>灵活性：</strong>单向持仓灵活性有限，不允许需要同时持有多空仓位的对冲策略。双向持仓提供高度的策略灵活性，对于对冲和锁定利润等高级策略至关重要。</span></div><div class="ace-line ace-line old-record-id-OzemdKbAdo84TTxCXUouh5dOszh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-QX1NdzBQboNqVoxsASauVyNjsOc"><span style="font-size: 16px;"><strong>进出场速度：</strong>单向持仓进出场更快速，双向持仓在执行复杂策略时可能需要更多步骤。</span></div><div class="ace-line ace-line old-record-id-Mpzddq0QSo4VFOxaC2wuAiZdsTb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NtVfdxwk6oe1EZxasxNuqcwFskc"><span style="font-size: 16px;"><strong>风险特征：</strong>单向持仓风险和收益集中于单一方向。双向持仓可以通过双向持仓分散风险，但同时也需要更高的资金管理能力。</span></div><div class="ace-line ace-line old-record-id-LgzFdiTp3okyg7xufltuAqWus7e"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-WXJYdXvUboSGTuxcXybusVf4sXc"><strong>5. 单向持仓和双向持仓的适用场景</strong></h2><div class="ace-line ace-line old-record-id-ZCSDdIqYVoxgUvx5VHFu1faksab"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-HBzCdlxBSo74nexKM9du89KGs7e"><span style="font-size: 16px;"><strong>单向持仓适用场景</strong>：适合新手交易者、趋势跟踪交易者以及偏好简单直接仓位管理的投资者。当交易者对市场有明确的方向性判断时，单向持仓能够让他们更专注地执行交易策略。</span></div><div class="ace-line ace-line old-record-id-AFJmdCXZLo3geXx5JqRuR75TsTf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Eu5udTWM4oqRWTxdfAgu77OIs2f"><span style="font-size: 16px;"><strong>双向持仓适用场景</strong>：适合经验丰富的专业交易者、套利者以及需要管理长期仓位风险的投资者。当市场方向不明确或波动剧烈时，交易者可以利用双向持仓进行对冲，通过同时开立多头和空头仓位来捕捉市场的两种可能走势。</span></div><div class="ace-line ace-line old-record-id-RTu9dum1UoPQDpxem1KunMlGsDc"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-DNazdlIBJoCyZbx4eXCuMz6Wswg"><strong>6. 如何在 MEXC 设置单向持仓和双向持仓</strong></h2><div class="ace-line ace-line old-record-id-DkWBdpTRfotIlsxu6wEuijEzsGb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RBZBdtISnopiwix83Zou6cL4sHb"><span style="font-size: 16px;"><strong>Web</strong>：MEXC 【<a data-lark-is-custom="true" href="https://www.mexc.com/">官网</a>】→【<a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDT">合约交易</a>】→【⚙️】按钮→【仓位模式】→选择【双向持仓】或【单向持仓】。</span></div><div class="ace-line ace-line old-record-id-Rl64doHxKosQbjxJf02ufoQws8e"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" data-ace-gallery-json="{"items":[{"uuid":"577d6448-3ae5-4f03-8693-8cb92e5bd7b5","height":1396,"width":2002,"currHeight":1396,"currWidth":2002,"natrualHeight":1396,"natrualWidth":2002,"pluginName":"imageUpload","scale":1,"src":"https%3A%2F%2Finternal-api-drive-stream.larksuite.com%2Fspace%2Fapi%2Fbox%2Fstream%2Fdownload%2Fpreview%2FTVE1bl3KDoDU5XxWFy5uFzZdsTe%2F%3Fpreview_type%3D16","file_token":"TVE1bl3KDoDU5XxWFy5uFzZdsTe","image_type":"image/png","size":303456,"comments":[]}]}" class="image-uploaded gallery old-record-id-Wi9JdaUk8ownaFx9UtGuZvHLsch"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20260220141141384JxKOqsIXeS2jxm.png" data-single-block="true" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/TVE1bl3KDoDU5XxWFy5uFzZdsTe/?mount_node_token=Wi9JdaUk8ownaFx9UtGuZvHLsch&mount_point=docx_image" data-width="2002" data-height="1396" data-lark-image-uri="drivetoken://TVE1bl3KDoDU5XxWFy5uFzZdsTe" data-lark-image-width="2002" data-lark-image-height="1396" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-Vy9bdQSvboThBlxkoqdudPR5sVh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-XzaKdR8kloPWzfxdyANuA2rosPh"><span style="font-size: 16px;"><strong>App</strong>：MEXC App →【合约】→【...】→【偏好设置】→【仓位模式】→选择【双向持仓】或【单向持仓】。</span></div><div class="ace-line ace-line old-record-id-Ryn7dmLnLoUlk8xydYduxDQmseh"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-snapshot="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" data-suite="eyJmaWxlVG9rZW4iOiJGd2lFYmo4OXFvYmZGMnhlSTE5dUM3WGZzcGUiLCJvYmpUeXBlIjoiZG9jeCIsIm9ialRva2VuIjoiUGlqNGRkSmswb3FZdFl4Y2RzSXUzSDQ2c2loIiwib3JpZ2luU3JjIjoiaHR0cHM6Ly9pbnRlcm5hbC1hcGktZHJpdmUtc3RyZWFtLmxhcmtzdWl0ZS5jb20vc3BhY2UvYXBpL2JveC9zdHJlYW0vZG93bmxvYWQvcHJldmlldy9Gd2lFYmo4OXFvYmZGMnhlSTE5dUM3WGZzcGUvP3ByZXZpZXdfdHlwZT0xNiJ9" data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/FwiEbj89qobfF2xeI19uC7Xfspe/?mount_node_token=Pij4ddJk0oqYtYxcdsIu3H46sih&mount_point=docx_image" data-width="6030" data-height="2486" data-lark-image-uri="drivetoken://FwiEbj89qobfF2xeI19uC7Xfspe" data-lark-image-width="6030" data-lark-image-height="2486" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-Bst4dR8s5oivD2xqYyXuCdSEslb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TPUVdEPeTov0Q0x95PSuyixCsvd"><span style="font-size: 16px;">需要注意的是，如果您目前正在挂单或者已经持仓，不允许修改仓位模式，您需要请先撤单或平仓，随后进行仓位模式修改。</span></div><div class="ace-line ace-line old-record-id-OFj1dApS8oGAEExUkb7uFHNusRd"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-SOI9ddloro8L3pxNXlIu0w53sUc"><strong>7. 单向持仓和双向持仓的哪个更好</strong></h2><div class="ace-line ace-line old-record-id-G0JBddhxWohPXexSqKEu4fdAsnd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-CT2bdqwUGoGqYQx4ZLZumMlysnd"><span style="font-size: 16px;">单向持仓和双向持仓两种模式都是为不同的交易策略和风险偏好而设计的。选择取决于您的交易经验、策略需求和风险承受能力。</span></div><div class="ace-line ace-line old-record-id-IQNedRAQJoRmgexkGvuueXoasNT"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-QdWIdXNKDo9Xf4xIxZguQBPJsSc"><strong>8. 在单向持仓模式下开反向订单会发生什么</strong></h2><div class="ace-line ace-line old-record-id-AT98d9NMTo5frjxqzRyuHzgHsIq"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-DYKpdy31aoIgRyxiG6iuIA6Dshh"><span style="font-size: 16px;">在单向持仓模式下，如果您持有多头仓位并开立空头订单，系统会自动用空头订单抵消多头仓位。如果空头订单数量大于多头仓位，多头将被完全平仓，剩余数量将开立新的空头仓位。</span></div><div class="ace-line ace-line old-record-id-DxmFdLYr5ojmqyxhL6nuLPsdslc"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-VY3xdW7FQo1lPQxVvxJu4mYwsnh"><strong>9. 双向持仓模式可以用于风险对冲吗</strong></h2><div class="ace-line ace-line old-record-id-JdNLdjN3toMd1qxhPuYujn0Vs0b"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RqRrdoU3eo0yjHxlGKMu9NdVshf"><span style="font-size: 16px;">是的，双向持仓模式的主要优势之一就是提供风险对冲功能。通过同时持有多头和空头仓位，交易者可以在市场不确定时降低整体敞口，最小化突然价格波动的影响。</span></div><div class="ace-line ace-line old-record-id-GBPhdvBc1oJAw0xCrIrudaSTsob"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-Bcgud57EFoRR6FxgDVUutx9OsIg"><strong>10. 切换持仓模式有什么限制？</strong></h2><div class="ace-line ace-line old-record-id-Vb0Cdw9VDoSrfVxIkgWu6F4Aste"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UN7ZdbhpXoFmWqxGjd8u7dZusog"><span style="font-size: 16px;">如果您当前有未完成的订单或持仓，则不允许切换持仓模式。必须先取消所有订单或平掉所有仓位后才能更改持仓模式。</span></div><div class="ace-line ace-line old-record-id-V2s9dMEVcoY7UBxEjo2ukPrQsSe"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-EXmlden7wos4RxxFVf5uurIasPd"><strong>11. 双向持仓模式会占用更多保证金吗？</strong></h2><div class="ace-line ace-line old-record-id-QfoedWrkUolmNpxpCMfu9kVCsDb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TgaSdQm0go3CkZxWKOGuPq01sqb"><span style="font-size: 16px;">是的。在双向持仓模式下，由于同时持有两个方向的仓位，需要占用两个仓位的保证金，这可能会导致较高的保证金要求和资金占用。</span></div><div class="ace-line ace-line old-record-id-Bl94d1fREoZoQcxmwzXuvOrHsxy"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-CmXQdD993onuC7xtGHju1rJ2swb"><strong>12. 新手应该选择哪种持仓模式</strong></h2><div class="ace-line ace-line old-record-id-RBHFdsRzjohNdNxYqBnu4vTIshh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ZE5TdF1T7odSmdxYhTGuKEGusLd"><span style="font-size: 16px;">对于新手交易者，建议从默认的单向持仓开始。这种模式逻辑清晰、操作简单，可以让新手专注于市场方向判断，建立更稳定的交易基础。</span></div><div class="ace-line ace-line old-record-id-WDHAdILD4ohnmJxZ9SHu8sqDsCc"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-ZnOAdXMD7oIml8xrhPwuJKSxsOh"><strong>13. 双向持仓模式适合短期交易还是长期交易</strong></h2><div class="ace-line ace-line old-record-id-YVmKd2rB1ofckRx9pWDuB6yssPf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RAardkYBtooFbxxfXeDuHbk6sEb"><span style="font-size: 16px;">双向持仓模式适用于多种交易场景，包括短期套利和长期仓位风险管理。双向持仓模式特别适合市场震荡期、趋势不明确时期，以及需要进行风险对冲的交易环境。</span></div><div class="ace-line ace-line old-record-id-FUyvdb4t5oU9bIxl2ACuqGfesHg"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-FMF2dVBV7oNzWsxjS8Zu30j6spd"><span style="font-size: 16px;">推荐阅读：</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-IKcCdqxupo92UAx9MSEueUEXsVd" data-list="bullet"><div><a data-lark-is-custom="true" href="https://www.mexc.com/support/article/futures-trading-faq-305425827477864448" style="font-size: 16px;">合约交易常见FAQ：新手入门必读的完整指南</a></div></li><li class="ace-line ace-line old-record-id-NVcldt3G1oUeCaxwM3guNJh1sSb" data-list="bullet"><div><a href="https://www.mexc.com/support/article/futures-trading-page-terminology-guide-7951093588505" data-lark-is-custom="true" style="font-size: 16px;">合约交易页面名词解读</a></div></li><li class="ace-line ace-line old-record-id-YzjIdpMLmoZ4YzxvU3Uuy6iFsZd" data-list="bullet"><div><a href="https://www.mexc.com/support/article/a-complete-guide-to-futures-information-terminology-305436590665908224" data-lark-is-custom="true" style="font-size: 16px;">一文解读合约信息名词</a></div></li><li class="ace-line ace-line old-record-id-Cr77dLlvOoKaGIx7SXquRPLpsKh" data-list="bullet"><div><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-the-mexc-app-305421274812529664" data-lark-is-custom="true" style="font-size: 16px;">如何在 MEXC App 进行合约交易</a></div></li><li class="ace-line ace-line old-record-id-Ci3DdIZa7ounyZxFnhhuGlSFsjh" data-list="bullet"><div><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-mexc-web-305423980641926144" data-lark-is-custom="true" style="font-size: 16px;">如何在 MEXC Web 进行合约交易</a></div></li></ul></div>

<div data-page-id="GmkOdmKSNoYyYxxj91ZuSn8AsJd" data-lark-html-role="root" data-docx-has-block-data="true"><div class="ace-line ace-line old-record-id-EpF7dUORLoOpQ4xze82u6RZ8sCd"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;">合约小白新手在 MEXC 合约页面进行交易时，可能会对这些专业的名词感到陌生，不知道代表的含义。在 MEXC 合约交易页面中，对每一个交易币种涉及到的相关信息都有整理。我们以 U 本位的 BTC/USDT 交易对来举例说明。</span></div><div class="ace-line ace-line old-record-id-TC9xdoNqsoYjTAx2BQCuCAz0swh"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-Z5grdNFBioZNIixsqieuGU1ss7f"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;">点击 MEXC <a data-lark-is-custom="true" href="https://www.mexc.com/">官网</a>并登录个人账号，在导航栏中点击【合约交易】进入到合约交易页面。</span></div><div class="ace-line ace-line old-record-id-B9Urd2rpkoDVrsx0Udwu24ljsTh"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div style="text-align:center" data-type="image" data-ace-gallery-json="{"items":[{"uuid":"47e8913d-fd52-4460-bdb6-9991440a0df4","height":1364,"width":2932,"currHeight":1364,"currWidth":2932,"natrualHeight":1364,"natrualWidth":2932,"pluginName":"imageUpload","scale":1,"src":"https%3A%2F%2Finternal-api-drive-stream.larksuite.com%2Fspace%2Fapi%2Fbox%2Fstream%2Fdownload%2Fpreview%2FSEPobysimolj1txlzObuvrX7sbZ%2F%3Fpreview_type%3D16","file_token":"SEPobysimolj1txlzObuvrX7sbZ","image_type":"image/png","size":413929,"comments":[]}]}" class="image-uploaded gallery old-record-id-IX8YdrIkaomFoixp4L7ua2uwsPf"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20260216130532535myMwDxzAnRSNvP.png" data-single-block="true" data-snapshot="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" data-suite="eyJmaWxlVG9rZW4iOiJTRVBvYnlzaW1vbGoxdHhsek9idXZyWDdzYloiLCJvYmpUeXBlIjoiZG9jeCIsIm9ialRva2VuIjoiSVg4WWRySWthb21Gb2l4cDRMN3VhMnV3c1BmIiwib3JpZ2luU3JjIjoiaHR0cHM6Ly9pbnRlcm5hbC1hcGktZHJpdmUtc3RyZWFtLmxhcmtzdWl0ZS5jb20vc3BhY2UvYXBpL2JveC9zdHJlYW0vZG93bmxvYWQvcHJldmlldy9TRVBvYnlzaW1vbGoxdHhsek9idXZyWDdzYlovP3ByZXZpZXdfdHlwZT0xNiJ9" data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/SEPobysimolj1txlzObuvrX7sbZ/?mount_node_token=IX8YdrIkaomFoixp4L7ua2uwsPf&mount_point=docx_image" data-width="2932" data-height="1364" data-lark-image-uri="drivetoken://SEPobysimolj1txlzObuvrX7sbZ" data-lark-image-width="2932" data-lark-image-height="1364" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; font-family: arial, helvetica, sans-serif; width: 750px;"></div><div class="ace-line ace-line old-record-id-LNiqdxwz5oi184xjQxFuyD4hshb"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-UeH9dgc8do6AsLxW71UuBjV9sye"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;">搜索选择 BTC/USDT 交易对，点击【交易规则】-【查看所有合约交易规则】，进入到<a data-lark-is-custom="true" href="https://www.mexc.com/futures/information/contract_detail">合约信息详情</a>页面。</span></div><div class="ace-line ace-line old-record-id-I0KZdU3PvohPNbx22e6u8rKTsCg"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div style="text-align:center" class="ace-line ace-line old-record-id-NZT3dVCadovavKxcdcjuvNmzskc"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;">*BTN-<strong>查看合约信息详情</strong>&BTNURL=<a data-lark-is-custom="true" href="https://www.mexc.com/futures/information/contract_detail">https://www.mexc.com/futures/information/contract_detail</a>*</span></div><div class="ace-line ace-line old-record-id-Gl1udcycXol7J1x05AjuLv5WsKg"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div style="text-align:center" data-type="image" data-ace-gallery-json="{"items":[{"uuid":"5293eb63-daf4-48aa-bf53-584c0c117fcb","height":1416,"width":2938,"currHeight":1416,"currWidth":2938,"natrualHeight":1416,"natrualWidth":2938,"pluginName":"imageUpload","scale":1,"src":"https%3A%2F%2Finternal-api-drive-stream.larksuite.com%2Fspace%2Fapi%2Fbox%2Fstream%2Fdownload%2Fpreview%2FEeq7bThVJokIbPxkKtAuvszcs5d%2F%3Fpreview_type%3D16","file_token":"Eeq7bThVJokIbPxkKtAuvszcs5d","image_type":"image/png","size":746090,"comments":[]}]}" class="image-uploaded gallery old-record-id-K71qduDLEoo1NvxPBnAuU65EsXr"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20260216130535661PvBBRDM7KtZHoQ.png" data-single-block="true" data-snapshot="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" data-suite="eyJmaWxlVG9rZW4iOiJFZXE3YlRoVkpva0liUHhrS3RBdXZzemNzNWQiLCJvYmpUeXBlIjoiZG9jeCIsIm9ialRva2VuIjoiSzcxcWR1RExFb28xTnZ4UEJuQXVVNjVFc1hyIiwib3JpZ2luU3JjIjoiaHR0cHM6Ly9pbnRlcm5hbC1hcGktZHJpdmUtc3RyZWFtLmxhcmtzdWl0ZS5jb20vc3BhY2UvYXBpL2JveC9zdHJlYW0vZG93bmxvYWQvcHJldmlldy9FZXE3YlRoVkpva0liUHhrS3RBdXZzemNzNWQvP3ByZXZpZXdfdHlwZT0xNiJ9" data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/Eeq7bThVJokIbPxkKtAuvszcs5d/?mount_node_token=K71qduDLEoo1NvxPBnAuU65EsXr&mount_point=docx_image" data-width="2938" data-height="1416" data-lark-image-uri="drivetoken://Eeq7bThVJokIbPxkKtAuvszcs5d" data-lark-image-width="2938" data-lark-image-height="1416" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; font-family: arial, helvetica, sans-serif; width: 750px;"></div><div class="ace-line ace-line old-record-id-N1ezdWym7op9A6x2U22uShnPsOg"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-AA0ZdPq5wogox5xbjfMuGI24sXc"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;">选择第一个【合约详解】，这个页面展示了 BTCUSDT 交易对的合约信息详情。您也可以通过下拉框选择其他交易对查看相关合约详情。</span></div><div class="ace-line ace-line old-record-id-RtimdfA0oo9QAFxTmHBuMew9s0f"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div style="text-align:center" data-type="image" data-ace-gallery-json="{"items":[{"uuid":"e1bb61f7-61bb-4486-be08-87764d139b7d","height":2632,"width":2932,"currHeight":2632,"currWidth":2932,"natrualHeight":2632,"natrualWidth":2932,"pluginName":"imageUpload","scale":1,"src":"https%3A%2F%2Finternal-api-drive-stream.larksuite.com%2Fspace%2Fapi%2Fbox%2Fstream%2Fdownload%2Fpreview%2FIHdvbw4myoDDDUxix22uIDLHsBc%2F%3Fpreview_type%3D16","file_token":"IHdvbw4myoDDDUxix22uIDLHsBc","image_type":"image/png","size":679950,"comments":[]}]}" class="image-uploaded gallery old-record-id-EZxZdbQm3onWFKxqDNHuATXKskf"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202602161305334764vtp32NGyvt67Y.png" data-single-block="true" data-snapshot="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" data-suite="eyJmaWxlVG9rZW4iOiJJSGR2Ync0bXlvREREVXhpeDIydUlETEhzQmMiLCJvYmpUeXBlIjoiZG9jeCIsIm9ialRva2VuIjoiRVp4WmRiUW0zb25XRkt4cUROSHVBVFhLc2tmIiwib3JpZ2luU3JjIjoiaHR0cHM6Ly9pbnRlcm5hbC1hcGktZHJpdmUtc3RyZWFtLmxhcmtzdWl0ZS5jb20vc3BhY2UvYXBpL2JveC9zdHJlYW0vZG93bmxvYWQvcHJldmlldy9JSGR2Ync0bXlvREREVXhpeDIydUlETEhzQmMvP3ByZXZpZXdfdHlwZT0xNiJ9" data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/IHdvbw4myoDDDUxix22uIDLHsBc/?mount_node_token=EZxZdbQm3onWFKxqDNHuATXKskf&mount_point=docx_image" data-width="2932" data-height="2632" data-lark-image-uri="drivetoken://IHdvbw4myoDDDUxix22uIDLHsBc" data-lark-image-width="2932" data-lark-image-height="2632" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; font-family: arial, helvetica, sans-serif; width: 750px;"></div><div class="ace-line ace-line old-record-id-DWQodWZ91o4i4jxUrnWuaNEjs3f"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><h2 class="heading-2 ace-line old-record-id-FD6vd3SImoKCD5x64azu0CvssTh"><strong>1. 合约基础信息</strong></h2><div class="ace-line ace-line old-record-id-G5fjdEjX9oRoXUxH9lSuyyo5sbd"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-EuNad8S45oeFV9xyXZbuNwWQsMf"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>永续合约</strong>：由传统金融的期货合约演变而来，区别在于永续合约没有结算日期。也就是说只要仓位没有爆仓被强制平仓，就永远不会被动平仓。</span></div><div class="ace-line ace-line old-record-id-GUZPdBZ3zo97ChxCxiQu5SEJsfh"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-SzK7dhdi6oFHyGxSNHjuA86lsBb"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>指数价格</strong>：参照各大主流交易所的价格，根据其价格的加权平均后得到的综合价格指数。当前页面显示的指数价格是 BTC 的指数价格。代币 BTC 的指数价格参照 BYBIT、HUOBI、MEXC 的交易所价格。</span></div><div class="ace-line ace-line old-record-id-HSaad8hxVocTSBxRPleuwLqMsEb"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-Qe0pdjno2oEvXkxYut9uG1iMsvf"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>合理价格</strong>：该合约的实时合理价格，基于指数价格和市场价格综合计算得出。将用于计算仓位浮动盈亏以及判断仓位的强平，可能与合约最新成交价有所偏差，以避免价格操控。</span></div><div class="ace-line ace-line old-record-id-L95tdJzVGof3L3xaJzNuXXN8sQg"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-EPL2d2rwEoYLkbxc3tOuRPr2sdf"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>合约面值（1 张）</strong>：表示一张该合约的价值，USDT 本位合约每张合约以币数量衡量，币本位合约每张合约以 USD 数量衡量。如 BTC 的合约面值为 1 张 = 0.0001 BTC</span></div><div class="ace-line ace-line old-record-id-P9ZbdZYhCoF3X8xUvA7uJ4wusKh"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-IQrKdqBZBo96dvxa76GuhAEMsif"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>最小变动价位</strong>：该合约的单位价格涨跌变动的最小值。如 BTC 的最小变动价位是 0.1。</span></div><div class="ace-line ace-line old-record-id-BvVVdARTDovT26xDGnFudtRDsic"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-C6nzdhs30oIdTDxwbz7uBEjZsze"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>最小下单数量</strong>：该合约单笔订单的最小下单数量。如 BTC 的最小交易数量是 0.0001 BTC。</span></div><div class="ace-line ace-line old-record-id-NElKdmMBrowNBtxUx8suFvUYsuf"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-HW1ndT903oPjqVxKgXSuDkA0sDf"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>限价订单价格上限/下限比例</strong>：限价买单价格应小于或等于（1+价格上限比例）*指数价。限价卖单价格应大于或等于（1-价格下限比例）*指数价</span></div><div class="ace-line ace-line old-record-id-Bd31dEyjNo2DbqxJGZVudEH9sFb"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-ATl9d8BYfomwXuxdLHFulHt6sog"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>最大挂单数量</strong>：每个交易对的限价单最大挂单数量。</span></div><div class="ace-line ace-line old-record-id-A492dYCpvoUapkxg6vhuRkOXsNb"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-MbLJdgvatomInFx6yOuu3Hafs7g"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>价差保护阈值</strong>：开启价差保护功能后，止盈止损（计划委托）达到触发价，如果该合约的最新价与合理价格价差超过该合约的设定阈值，止盈止损（计划委托）将被拒绝，请注意价差保护只会在开启后生效，对未开启的历史订单将不生效。</span></div><div class="ace-line ace-line old-record-id-KSoZdw1fxossbTxowX4uE6vWsf7"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-V0jpdSzsko2Y85xWfsEuCeqrsXg"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>强平手续费：</strong>当用户的仓位遭到强平时，平台会收取一定比例的强平手续费。</span></div><div class="ace-line ace-line old-record-id-UhMhdjlqqoByfKxqEl3ubZ2KsOc"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><h2 class="heading-2 ace-line old-record-id-EWp1dSswDo7vAoxRfqSuzxMGsZc"><strong>2. 保证金</strong></h2><div class="ace-line ace-line old-record-id-Zf9cdClLMo5RojxQszduwwiQsWe"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-LsFbdDV8YoCBtmx32k9uF9ARsad"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>起始保证金：</strong> 开出仓位要求的最低保证金金额。</span></div><div class="ace-line ace-line old-record-id-TvvVdZbaWokQYkxfufquQCyesYe"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-M4tGd59z0oFYSIxU0jFuboofsNh"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>起始保证金率：</strong>开仓仓位价值/仓位保证金。起始保证金率表现了您的杠杆倍数。</span></div><div class="ace-line ace-line old-record-id-ZVWjdcZu3oDdSrxUPhguTGPQsyf"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-UDFCdwncoosbuHxB9DQua665sEf"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>维持保证金：</strong>维持仓位的最低的保证金要求，当仓位的保证金余额小于维持保证金时仓位会被强平或减仓。维持保证金 = 仓位名义价值 * 维持保证金率。</span></div><div class="ace-line ace-line old-record-id-OlLudZ5DzoKGl9xXis3u0VH9svd"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-U028dIblKoYWzgxEiFsulefbs7g"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>维持保证金率：</strong>根据用户的仓位大小计算，维持保证金率不被杠杆倍数影响。</span></div><div class="ace-line ace-line old-record-id-WAMud457Po6Z1WxAWCcuBoCVsoe"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-Fj4xdxnGUo7QjDxJ5Tfu37VMsBb"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>风险限制：</strong>MEXC对所有的交易账户使用风险限制机制，即系统采用阶梯保证金的模式进行风险控制，杠杆倍数大小视持仓大小而定；持仓越大，可获得杠杆倍数越低。用户可自行调整杠杆倍数，初始保证金率的算法是根据用户调整的杠杆倍数而定。</span></div><div class="ace-line ace-line old-record-id-AdRqdkr3vothuhxGsteu4wDqsjb"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-GoXkd75gcoxnT2xwlKju4RlQsbf"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>风险限制递档位：</strong>不同代币的永续合约拥有对应的风险限额和其递增限额档位。以 MEXC 平台上 BTC 永续合约为例，分为了 6 个档位。</span></div><div class="ace-line ace-line old-record-id-KefadaEWIoVKZ2xztkFuljJ1s8f"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div style="text-align:center" data-type="image" data-ace-gallery-json="{"items":[{"uuid":"5d60747e-4766-4e4b-8362-0954355b6fb2","height":844,"width":2348,"currHeight":844,"currWidth":2348,"natrualHeight":844,"natrualWidth":2348,"pluginName":"imageUpload","scale":1,"src":"https%3A%2F%2Finternal-api-drive-stream.larksuite.com%2Fspace%2Fapi%2Fbox%2Fstream%2Fdownload%2Fpreview%2FFeFybHrRUoXd5Cx8JBUu2fZCssh%2F%3Fpreview_type%3D16","file_token":"FeFybHrRUoXd5Cx8JBUu2fZCssh","image_type":"image/png","size":238870,"comments":[]}]}" class="image-uploaded gallery old-record-id-LrHldDOeAob75pxqTmZu0wIysHh"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20260216130532884uJWnFX5Nj3BONZ.png" data-single-block="true" data-snapshot="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" data-suite="eyJmaWxlVG9rZW4iOiJGZUZ5YkhyUlVvWGQ1Q3g4SkJVdTJmWkNzc2giLCJvYmpUeXBlIjoiZG9jeCIsIm9ialRva2VuIjoiTHJIbGRET2VBb2I3NXB4cVRtWnUwd0l5c0hoIiwib3JpZ2luU3JjIjoiaHR0cHM6Ly9pbnRlcm5hbC1hcGktZHJpdmUtc3RyZWFtLmxhcmtzdWl0ZS5jb20vc3BhY2UvYXBpL2JveC9zdHJlYW0vZG93bmxvYWQvcHJldmlldy9GZUZ5YkhyUlVvWGQ1Q3g4SkJVdTJmWkNzc2gvP3ByZXZpZXdfdHlwZT0xNiJ9" data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/FeFybHrRUoXd5Cx8JBUu2fZCssh/?mount_node_token=LrHldDOeAob75pxqTmZu0wIysHh&mount_point=docx_image" data-width="2348" data-height="844" data-lark-image-uri="drivetoken://FeFybHrRUoXd5Cx8JBUu2fZCssh" data-lark-image-width="2348" data-lark-image-height="844" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; font-family: arial, helvetica, sans-serif; width: 750px;"></div><div class="ace-line ace-line old-record-id-FptTdiBihocn1lxCiPmurp8ts6c"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><h2 class="heading-2 ace-line old-record-id-K702dcWJtoN0PsxB3nQuuF1IsKg"><strong>3. 费用</strong></h2><div class="ace-line ace-line old-record-id-NGwJdiP3kojp8sxGSdeuT9PNs3g"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-HUOkd2rUioO7nyxYUkVuSv21sXc"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>资金费率</strong>：基于永续合约市场价格与现货价格之间的价差，对多头和空头交易者定期交换资金费用。当市场趋势看涨时，资金费率为正，永续合约的多头交易者将会支付资金费用给空头交易者。相反，当市场看跌时，资金费率为负，此时是永续交易的空头交易者向多头交易者支付资金费用。</span></div><div class="ace-line ace-line old-record-id-GQgId9vH0o3ejXx0edyupIFos3f"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-RQMGdfrKiozVa8xELNRuWfxKskh"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;">注：资金费率是根据市场多空情绪而波动存在的，不同交易对的资金费率也不尽相同，详细信息需要参考【<a data-lark-is-custom="true" href="https://futures.mexc.com/zh-MY/information/funding_list?type=linear_swap">最新资金费率</a>】</span></div><div class="ace-line ace-line old-record-id-UCLHdpxtco8x1YxJHGSu0BWEskd"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-HUUcdGOjKookSUxGq2tulh9Ms7e"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>收取周期：</strong>MEXC 永续合约的资金费用一般来说每 8 小时计算一次，具体收取时间为每日 00:00、08:00、16:00（UTC 时间）。部分合约交易对的资金费用收取时间可能有所不同，请以产品页面显示为准。</span></div><div class="ace-line ace-line old-record-id-B6aGdMwAQoSdKYxqTcWuSo3zspe"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div style="text-align:center" class="ace-line ace-line old-record-id-FO5QdhyTxo1EOqxzopau080vs8b"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;">*BTN-<strong>查看资金费率</strong>&BTNURL=<a data-lark-is-custom="true" href="https://www.mexc.com/futures/information/funding_list">https://www.mexc.com/futures/information/funding_list</a>* </span></div><div class="ace-line ace-line old-record-id-JQlidCCLNoPN6jxxZR1uxeAMs5S"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-NIoodYsY2oQNAJxKbKuuOccqsYl"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>强平手续费率</strong>：当用户的仓位遭到强平，MEXC 会收取一定比例的手续费。如 BTC 永续合约的强平手续费率为 0.04%。</span></div><div class="ace-line ace-line old-record-id-DKQddRsQ3oKSgFxnb5RuAfvzsce"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><h2 class="heading-2 ace-line old-record-id-TatHddZ6Sor06yxUpJ7udJqSsdc"><strong>4. 其他</strong></h2><div class="ace-line ace-line old-record-id-IPaCdXQ2HoUfqix6aUvu3ZcGsYO"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-GNjndGF7xoOs5exgfLWufHyrsjh"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>自动减仓：</strong>当投资者被强制平仓时，他们的剩余仓位将被MEXC的永续合约强平系统接管。如果强平仓位未能够在市场平仓，并且当标记价格达到破产价格时，自动减仓系统将会对持有反方向仓位的投资者进行减仓。减仓的先后顺序将根据杠杆和盈利比率决定。</span></div><div class="ace-line ace-line old-record-id-TYJgdsavLoURb4xb8TmuAathsPd"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-AbkwdUcV8oU1jPxGhQBusBv4snb"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;">认识合约交易相关的名词，只是学习使用合约工具的第一步，接下来您需要通过交易操作来掌握所学。在开始正式的合约交易之前，您可以先通过使用 MEXC 提供的<a data-lark-is-custom="true" href="https://www.mexc.com/zh-TW/learn/article/17827791509695">合约模拟盘</a>进行练习，熟悉后再使用实盘进行交易。</span></div><div class="ace-line ace-line old-record-id-E6VsdLR8woTbwlxDOW1ue5Fbsuh"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><h3 class="heading-3 ace-line old-record-id-RajUdPitPoPoxqxAGGAuuOcKsQh"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;">推荐阅读：</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-FoGEdWNfroW2L0xD4d2usmKfsoO" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><a href="https://www.mexc.com/support/article/mexc-futures-funding-rate-305432020820705280">MEXC 合约资金费率完整指南：计算方法与查询教程</a></span></div></li><li class="ace-line ace-line old-record-id-P7GPdtMmeoDPapxKT5xuo1KHsPc" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><a href="https://www.mexc.com/support/article/futures-trading-faq-305425827477864448">合约交易常见FAQ：新手入门必读的完整指南</a></span></div></li><li class="ace-line ace-line old-record-id-Ref1dV6hBoHisBxDthQu8XTksU5" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><a href="https://www.mexc.com/support/article/time-in-force-tif-for-futures-trading-305427906242034688">合约交易生效时间完整指南</a></span></div></li><li class="ace-line ace-line old-record-id-DKnHdyLo6oSUNExoksJuQvW8s8e" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><a href="https://www.mexc.com/support/article/futures-trading-page-terminology-guide-7951093588505">合约交易页面名词解读</a></span></div></li><li class="ace-line ace-line old-record-id-O3tKdjotXokOxtxB2bWuQVdVsrt" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-the-mexc-app-305421274812529664">如何在 MEXC App 进行合约交易</a></span></div></li><li class="ace-line ace-line old-record-id-VAcgd2yYXo3Rt7xJfGIuA117s6Y" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-mexc-web-305423980641926144">如何在 MEXC Web 进行合约交易</a></span></div></li></ul><div class="ace-line ace-line old-record-id-SIVZdeTagovS0qxdX1HuQUbEsJc"><span style="font-size: 16px;"><br></span></div></div>

<div data-page-id="AVKkd3MFto56RVxF0dGuugrZswd" data-lark-html-role="root" data-docx-has-block-data="true"><div class="ace-line ace-line old-record-id-YGmVd3tqKoZK4ax5HjjuoduOsSI"><span style="font-size: 16px;">面向新手用户，合约交易相比现货交易更复杂，涉及更多专业术语。为帮助您快速入门，本文将系统讲解 MEXC <a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDT">合约交易</a>页面各项名词的含义，便于理解和上手。</span></div><div class="ace-line ace-line old-record-id-OzmgdLQZaoq0L2xbHYBuDIhPsse"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" class="ace-line ace-line old-record-id-PODodtj4doSFdXxMEXsureTos2b"><span style="font-size: 16px;">*BTN-<strong>合约交易</strong>&BTNURL=<a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDT">https://www.mexc.com/futures/BTC_USDT</a>*</span></div><div class="ace-line ace-line old-record-id-Hck4dvMMoozFPNxqifque6YXswc"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/WijIbJtwwoY0yax0vshuEoxbsIb/?mount_node_token=TgHIdgpw0oxUuixPT4zuokyLsyc&mount_point=docx_image" data-width="2936" data-height="1432" data-lark-image-uri="drivetoken://WijIbJtwwoY0yax0vshuEoxbsIb" data-lark-image-width="2936" data-lark-image-height="1432" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-PIN5daIRUoR6DUxqFXcu6bHesyf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-C7KwdqJUIo0t3gxCvcQuqYrushc"><strong>1. 基本信息区域名词</strong></h2><div class="ace-line ace-line old-record-id-MbEQdH1iXoWcypxrxzAuePGgsog"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TSXadE7hyogZ61xqgx5u46q1sCg"><span style="font-size: 16px;"><strong>永续</strong>：一直持续下去的含义。我们常见的永续合约，全称叫永续期货合约，由传统金融的期货合约演变而来，区别在于永续合约没有结算日期。也就是说只要仓位没有爆仓被强制平仓，就永远不会被动平仓。</span></div><div class="ace-line ace-line old-record-id-MHmxdk8DJote4TxscOBukCkrske"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-IkaUdTNGSoooV5xzZQvuTt0lszd"><span style="font-size: 16px;"><strong>涨跌幅：</strong>涨跌幅指的是价格在一段时间内上涨或下跌的幅度，通常以百分比数据来表示。其计算公式为：涨跌幅 =（收盘价-开盘价）/ 开盘价。</span></div><div class="ace-line ace-line old-record-id-Dwsud8HmXoPr7axcPv7uHGX1sAc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TbWOdrMVzoxXUdxfbvYuY4jTslb"><span style="font-size: 16px;"><strong>指数价格</strong>：参照各大主流交易所的价格，根据其价格的加权平均后得到的综合价格指数。当前页面显示的指数价格是 MX 的指数价格。</span></div><div class="ace-line ace-line old-record-id-HxYodtNLmo506pxzIM0uG0M9srg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-IMOOd3oUrorPOuxfaZZuQZUisXe"><span style="font-size: 16px;"><strong>合理价格</strong>：该合约的实时合理价格，基于指数价格和市场价格综合计算得出。将用于计算仓位浮动盈亏以及判断仓位的强平，可能与合约最新成交价有所偏差，以避免价格操控。</span></div><div class="ace-line ace-line old-record-id-CxYRd7RsLo6v6bxb1aeuNqghsJg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-LEwfdVftCoL9VLxoHbiu5FCcspc"><span style="font-size: 16px;"><strong>资金费率/倒计时</strong>：当前阶段的资金费率。费率为正，做多仓位支付做空仓位。费率为负，做空仓位支付做多仓位。</span></div><div class="ace-line ace-line old-record-id-S9H4d7Srdo3Fizx41oMupkC4sWX"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/VDHqb2CJio7JfzxaNsnuVwj8scb/?mount_node_token=EjTDd0Qlcoc6Bmxqu7lumj8bsaf&mount_point=docx_image" data-width="2938" data-height="1470" data-lark-image-uri="drivetoken://VDHqb2CJio7JfzxaNsnuVwj8scb" data-lark-image-width="2938" data-lark-image-height="1470" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-TXPAdta7XoVCMoxKRPBuMn2VsJd"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-H7VIduqzvoacs3xlJ6RupxDjsDb"><strong>2. 盘口区域名词</strong></h2><div class="ace-line ace-line old-record-id-BlVld00cko7qjOxMo6munqnzsCx"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Q5iAdnzBAou09wxodUSuJgQ5sCc"><span style="font-size: 16px;"><strong>盘口</strong>：在交易过程中，观察交易走向的窗口。在盘口区域您可以观察到每笔成交，观察到买卖双方占比情况等等。</span></div><div class="ace-line ace-line old-record-id-DJ6odDgTtoMOoOxN0DXu8ngmsvd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ByWtdz7BtoJEH6xJEMsujlpbsed"><span style="font-size: 16px;"><strong>市场异动</strong>：特定时间范围内价格大幅波动的币种。借助该工具，交易者可根据价格变动和其他特定指标快速识别潜在机会。</span></div><div class="ace-line ace-line old-record-id-MBNzdwep0oYqs2xYHXeuxhHjsbb"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/L9e9bRJB4oqrrPxSr2BuRfuks4e/?mount_node_token=QS3hdKoXko8kByxubcwuGQmVs0d&mount_point=docx_image" data-width="2938" data-height="1410" data-lark-image-uri="drivetoken://L9e9bRJB4oqrrPxSr2BuRfuks4e" data-lark-image-width="2938" data-lark-image-height="1410" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-Kl7DdW47No3A6IxnQS8uBOj9s7d"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-Ua7XdCvHooju3rxouvTuEoG3szc"><strong>3. 交易區域名詞</strong></h2><div class="ace-line ace-line old-record-id-WDMBdZKEPoL7lLx68Z6uwIbUs9y"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Nk2FdrI5joFWIexiLWYuaRl0sIe"><span style="font-size: 16px;"><strong>开仓、平仓</strong>：根据您对涨跌的判断在填写价格和数量之后，可选择开多或是开空。预测涨则开多，预测跌则开空。当你将购买的合约卖出后，即平仓。当你开仓购买合约持有在手中未结算的阶段，即持仓。您可在页面下方点击【当前持仓】查看您的持仓。</span></div><div class="ace-line ace-line old-record-id-KMFid7ggRoDfYkxBTRtuhWnesvb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-PbLNdWorZoA18Txx0OkuD5L8sPc"><span style="font-size: 16px;"><strong>开多</strong>：当您预测未来代币价格会上涨并按照这一趋势开仓，即开多。</span></div><div class="ace-line ace-line old-record-id-UqClddGpvoJdDRxhlpLu8veBsgb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ZPIeddSd4oelBtxfyItuIz9Dsjd"><span style="font-size: 16px;"><strong>开空</strong>：当您预测未来代币价格会下跌并按照这一趋势开仓，即开空。</span></div><div class="ace-line ace-line old-record-id-OX4HdWW2voL1N2xIS8uuIdGzsAd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-SY63dofDfotaSBxVqw2u3Jglslh"><span style="font-size: 16px;"><strong>保证金和保证金模式</strong>：用户交纳一定比例的资金作为财力担保后可以进行合约交易，这笔资金就是保证金。保证金模式分为逐仓模式和全仓模式。</span></div><div class="ace-line ace-line old-record-id-FS5BdqIOCovHGFxBKT3uIXsMscg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-YAPid36UJoS8goxwGjkuw2XCsAh"><span style="font-size: 16px;"><strong>逐仓</strong>：逐仓模式下，一定数量保证金被分配到仓位上，如果仓位保证金亏损到低于维持保证金的水平，仓位将被强平。同时您也可以选择为这个仓位添加或减少保证金。</span></div><div class="ace-line ace-line old-record-id-QA3EdFsHGoz8ftxSlCEuPeoqsOe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Bd8IdFMswoK2QgxPwazuwRKusQc"><span style="font-size: 16px;"><strong>全仓</strong>：全仓模式下，所有全仓仓位共享该资产的全仓保证金，在强平事件中，交易者可能会损失全部该保证金和该保证金资产下的所有全仓仓位。</span></div><div class="ace-line ace-line old-record-id-JQa8dmvJVocIQUxWERcuTRSvsab"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-MSGTdkRcjoZZhex1eC7ucsYZsyd"><span style="font-size: 16px;"><strong>委托方式</strong>：分为限价、市价、追逐限价委托、计划委托、跟踪委托和只做 Maker。</span></div><div class="ace-line ace-line old-record-id-JoXtdFObCoNfpfxLCdDuxYbCsQc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RbWcdK1rpofOzUxHXyEuLuP0skh"><span style="font-size: 16px;"><strong>限价</strong>：限价委托是指以特定或更优价格进行买卖，限价单不能保证执行。</span></div><div class="ace-line ace-line old-record-id-O0EudpBmpobbm8xNfLqudRZDsxb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-KdCWdTIeXoq6QvxCXXXut0mXs9d"><span style="font-size: 16px;"><strong>市价</strong>：市价委托是指以目前市场可获得的最优价格进行快速买卖。</span></div><div class="ace-line ace-line old-record-id-GTSmdZhJdoaNZwxsft8uVM00sub"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UsKid8HPGoO2k7xRWomudzu8szb"><span style="font-size: 16px;"><strong>追逐限价委托：</strong>追逐限价单是一种以最佳买价或卖价下达的限价单，它可以根据不断变化的市场行情动态调整入场价格，直至订单成交、取消或达到最大追逐距离。</span></div><div class="ace-line ace-line old-record-id-ZYnYdd5Fdot68AxPIBmulnbNsKg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-XhAtdRyc4oJf44xFGpLut9bMsRb"><span style="font-size: 16px;"><strong>计划委托</strong>：用户可预先设置触发价、委托价和数量，当市场价到达触发价时，系统会按委托价自动下单。在计划委托成功触发之前，不会冻结仓位或保证金。</span></div><div class="ace-line ace-line old-record-id-Sh4PdfHmYoMKYjxFWQruvcYLscg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-LLDEdtXyjojsVxxwbDHuPbx5smb"><span style="font-size: 16px;"><strong>跟踪委托</strong>：跟踪委托是行情在回调的情况下，将交易者设定好的委托提交至市场的策略委托。实际的触发价格=市场最高（最低）价±回调幅度 (价距)，或市场最高（最低）价 *(1±回调幅度 %) (比例)，同时可以设置委托被激活的价格，激活后才开始计算触发价格。</span></div><div class="ace-line ace-line old-record-id-XrVtdUlPSoGt5yxdhzAu5w2xsvb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-FVtddzx4YonLAjxZAL0ucP7rsLe"><span style="font-size: 16px;"><strong>只做 Maker</strong>：订单不会立刻在市场成交，保证用户始终为Maker, 如果委托会立即与已有委托成交，那么该委托会被取消。</span></div><div class="ace-line ace-line old-record-id-J3xwdLnYzoNlgExGbTHutIwKsOh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-AfiVdGOHGoFavDxYl0huFwZtsdf"><span style="font-size: 16px;"><strong>止盈止损</strong>：预先设置触发条件（止盈价或止损价）的平仓单，当最新价/合理价/指数价达到事先设定的触发价格时，系统将按提前设置好的触发价和数量以最优市场价平仓，从而达到止盈或止损的目的，让用户能够自动结算出理想的盈利值或避免不必要的损失。</span></div><div class="ace-line ace-line old-record-id-T31odGeyfoJ0ZPxibKJuD6WPsbe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UcYGdcASroxAEJxSD8fu9C6Gs3b"><span style="font-size: 16px;"><strong>限价止盈止损</strong>：限价止盈止损单是一种预设的订单，用户可以预先设置止损价、限价和买入/卖出金额。当最新成交价达到止损价时，系统会自动以限价的价格挂单。</span></div><div class="ace-line ace-line old-record-id-AobQd8bt1oIN2pxxwqBuzmukskc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Yt6td51Owoizoax8IkOutYNzsye"><span style="font-size: 16px;"><strong>币本位合约</strong>：MEXC 合约提供的币本位合约是反向合约，是以加密货币作为保证金，也就是说加密货币是其基准货币。以 BTC 币本位合约为例，比特币将用来作为初始保证金或者进行盈亏的计算。</span></div><div class="ace-line ace-line old-record-id-IrgVd172gol4n1xaj6JuXPUAsPe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-SdQCd5SPBo2mxXxUksRuGekzsld"><span style="font-size: 16px;"><strong>U 本位合约</strong>：MEXC 合约提供的U本位合约( USDT 本位合约)是正向合约，是以 USDT 报价和结算的线性衍生产品，USDT 是和美元价值挂钩的稳定币。</span></div><div class="ace-line ace-line old-record-id-PY62dmfqco9BfFxWmTruP8ABsVb"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/AUG8b77Upo4CUqxsi11uCvnosSf/?mount_node_token=XSX8d1JTLosiy7xPff4uTCdOs7a&mount_point=docx_image" data-width="2938" data-height="1468" data-lark-image-uri="drivetoken://AUG8b77Upo4CUqxsi11uCvnosSf" data-lark-image-width="2938" data-lark-image-height="1468" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-R8dkdYvcLoxytTxcNCBuRUycsYN"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-HzbCdAyproS52MxukAAuJj21sTc"><strong>4. 合约计算器区域名词</strong></h2><div class="ace-line ace-line old-record-id-Wdfqd6VlvorTRbx03gNuBYv6sid"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-BW6adU8Yho9flRxX0ZmuRAhTs7f"><span style="font-size: 16px;"><strong>盈亏计算</strong>：输入你的开仓价格、持有合约数量以及杠杆倍数，设定好你预想达到的平仓价格，可以计算出最终的收益额和收益率。</span></div><div class="ace-line ace-line old-record-id-HQmCd9anboo5sjxSM6zu1Hyrsxd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-J5X2dgWlCoSxjJx4w7Zu6XxhsQh"><span style="font-size: 16px;"><strong>目标计算</strong>：输入你的开仓价格、持有合约数量以及杠杆倍数，设定好你想赚取的收益率，可以计算出最终的目标价格和收益额。</span></div><div class="ace-line ace-line old-record-id-KYNIdA4gwolh4QxtLH8uL2kdsVd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-KXMldGMsQoS4iixjxmLugRtdsDc"><span style="font-size: 16px;"><strong>强平价格</strong>：输入你的开仓价格、持有合约数量以及杠杆倍数，选择保证金模式（全仓还是逐仓），可以计算得出你的强平价格。</span></div><div class="ace-line ace-line old-record-id-HsYPdjrq1owPBjxZLdmu6kzssJb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-XZVZdNpZ5oVnLAxnQJnunvmIsxg"><span style="font-size: 16px;"><strong>可开</strong>：输入你的开仓价格和杠杆倍数，输入你可以用的保证金金额，可以计算得出你最多能够开多/开空的合约数量。</span></div><div class="ace-line ace-line old-record-id-Kdnzdj4UIos325x2T6ZuXltlsge"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-BUU4d2AmtoEwfMxuKp4u5sKQsje"><span style="font-size: 16px;"><strong>开仓价格</strong>：当你有同一交易对的多笔合约建仓时，依次输入不同的开仓价格及对应的合约数量，可以综合计算出同一交易对合约的开仓价格。</span></div><div class="ace-line ace-line old-record-id-OfKZdWCMDoSj74xo2rzuRycVsPb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TmYSdMjOjowD9xxG42judSVHsbc"><span style="font-size: 16px;"><strong>资金费：</strong>输入合理价格和持仓数量，输入当前资金费率，可以计算出你要支付或收取的资金费数量。</span></div><div class="ace-line ace-line old-record-id-SrvpdJqinoDsVextrGtuEcq4sNg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UICAddmgFoFO6ax3Ib3ubHFwscg"><span style="font-size: 16px;">注：使用合约计算器计算得出的结果仅供参考，最终实际数额以实盘为准。</span></div><div class="ace-line ace-line old-record-id-PBn1d2D3rohu4zxBaO8uJNIlsBf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Rbped7fbjozTIixdv1puDJ0rs8c"><span style="font-size: 16px;">对于新手小白，在第一次进行合约交易前，可以通过 MEXC 的<a data-lark-is-custom="true" href="https://www.mexc.com/zh-TW/learn/article/17827791509695">合约模拟盘</a>进行实战训练，熟悉各种功能后再进入实盘进行交易。</span></div><div class="ace-line ace-line old-record-id-KsJOdx5PPoCZ3wxjF80uSthRsqe"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" class="ace-line ace-line old-record-id-VXHvdfuxCoZjcvxTvNBuoGDqsrp"><span style="font-size: 16px;">*BTN-<strong>模拟合约交易</strong>&BTNURL=<a data-lark-is-custom="true" href="https://futures.testnet.mexc.com/futures/BTC_USDT">https://futures.testnet.mexc.com/futures/BTC_USDT</a>*</span></div><div class="ace-line ace-line old-record-id-Kbbxd4QAPoWRj0xnbWouvtgusCe"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/CCOhbXDYcoZCwgx6Ehbui3Gds7e/?mount_node_token=WszvdhTLwoaPm9xzJMjuqCAnsec&mount_point=docx_image" data-width="2938" data-height="1422" data-lark-image-uri="drivetoken://CCOhbXDYcoZCwgx6Ehbui3Gds7e" data-lark-image-width="2938" data-lark-image-height="1422" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-MDpWdZ8kio2KWcxtq6BurR6ssof"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-OCiHdq0OGo5QS4xaQqauwTPMsze"><strong>5. 订单区域名词</strong></h2><div class="ace-line ace-line old-record-id-UcSZdXpWuoIuRaxd0LdumL89sig"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-RR3ldc3R6o3KbuxwsqSuqJcfsrb"><span style="font-size: 16px;">5.1 当前仓位</span></h3><div class="ace-line ace-line old-record-id-LwOBdKXfRo5FrZxk8H5u2vo7sWe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RZNGdXMo7oY7evxU09AuzIFxsJg"><span style="font-size: 16px;"><strong>持仓量</strong>：未平仓合约数量。</span></div><div class="ace-line ace-line old-record-id-QjK9dn6CworRzixAH9zuGmPnsLd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-G0hzd3jAVom346xfqMYuTvy6sne"><span style="font-size: 16px;"><strong>开仓均价</strong>：用户开仓时的平均成本价格。如用户在 2 USDT 时开了 100 张多单 MX/USDT 永续合约，随后又在同一方向上，以 2.1 USDT 价格开了 100 张 MX/USDT 永续合约，那么用户的开仓均价 = （2 * 100 + 2.1 * 100）/（100+100） = 2.05 USDT 。</span></div><div class="ace-line ace-line old-record-id-QkicdbsvHoaam1xJqMXurRQ3slM"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-H7u5dvy8foWCN8xHLVzuPJ80sUe"><span style="font-size: 16px;"><strong>合理价格</strong>：防止单个平台出现市场异常波动导致用户亏损而引入的机制，是通过主流交易所的价格数据加权计算后得出，能更公允的反应出真实市场价格。更多关于合理价格内容，您可以阅读内容《<a data-lark-is-custom="true" href="https://www.mexc.com/zh-TW/learn/article/17827791508654">指数价格、合理价格和最新成交价</a>》。</span></div><div class="ace-line ace-line old-record-id-V81MdLKCJoSd1JxlFfAuUwCDsEc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Bacad2SIRoyWugx7hKBufDExsph"><span style="font-size: 16px;"><strong>预估强平价：</strong>当合理价格达到预估强平价时，你的仓位将被强制平仓。如果您想了解更多关于强制平仓的内容，您可以阅读《<a data-lark-is-custom="true" href="https://www.mexc.com/zh-TW/learn/article/17827791510182">强制平仓</a>》。</span></div><div class="ace-line ace-line old-record-id-RhdgdMsQ4oHjevxEsGLuRhW4sYb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-N5DodpxP1okZ1HxwhTEuMCfHsud"><span style="font-size: 16px;"><strong>保证金比率：</strong>用来衡量用户仓位风险情况，保证金比率越低，仓位的风险相对较小。当保证金比率到达100%时，仓位将被强平。</span></div><div class="ace-line ace-line old-record-id-U0yxd2aiBowxfDxXZSnuCYhHsbb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-SYtAdrULso6wgPxbIrTuwXcds1O"><span style="font-size: 16px;"><strong>保证金：</strong>仓位保证金包含起始保证金和平仓手续费，逐仓模式下可以添加额外保证金。</span></div><div class="ace-line ace-line old-record-id-SDaxd0Y8to2jFExpblLuwZyhsAc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-XPpydWIhaoCtUIxVF3NuwDAasMh"><span style="font-size: 16px;"><strong>未实现盈亏：</strong>由合理价或最新价计算得出。仓位收益率 = 未实现盈亏/初始保证金，所以收益率仅与当前杠杆倍数相关，与保证金的增减无关。</span></div><div class="ace-line ace-line old-record-id-UyGndhdgMoggOLxWDJEuPFj4sTb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-PgyvdKyS9oOlFdx8QqOusCSzsiJ"><span style="font-size: 16px;"><strong>已实现盈亏：</strong>该仓位产生的所有已实现的盈亏，包含手续费、资金费用和平仓盈亏。</span></div><div class="ace-line ace-line old-record-id-MqGSdpTT7oQiiYxTjclu9RQ8sNb"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/NozUbGRigo5GaGxC9RqucqX4s4b/?mount_node_token=DCS3drXJAoshgXxcafWuBIs0sQd&mount_point=docx_image" data-width="2320" data-height="258" data-lark-image-uri="drivetoken://NozUbGRigo5GaGxC9RqucqX4s4b" data-lark-image-width="2320" data-lark-image-height="258" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-G4erdGg7PopqabxLFoXucDaasTg"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-VFahdODlKo7tFExqH6yuGOzMs3e"><span style="font-size: 16px;">5.2 当前委托</span></h3><div class="ace-line ace-line old-record-id-R0XBdni0qo9lUlx6sB0uUW7usKb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-At8EdOOgoohVXHxkgTnuC939s0b"><span style="font-size: 16px;"><strong>委托数量与成交数量</strong>：委托数量指用户在下单前设置的期望成交量。当用户委托量较大时，订单通常会被拆分成多个较小订单依次成交。成交数量即实际已经成交的数量。当委托数量等于成交数量时，代表著委托订单全部成交。</span></div><div class="ace-line ace-line old-record-id-DG2ad1cmoozsSmxYUlXuHty5sxg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GYVxdgyemoGduRx8ElPuFfNusGc"><span style="font-size: 16px;"><strong>委托价格与成交均价</strong>：委托价格指用户在下单时输入的期望成交价格。如果用户在下单时选择限价委托，委托价格等于用户输入的价格；如果用户在下单时选择市价委托，委托价格取决于实际交易结果。当用户委托量较大时，订单通常会被拆分成多个较小订单依次成交。由于行情波动，每个订单实际成交价不一定相同，这些实际成交价的平均值就是成交均价。</span></div><div class="ace-line ace-line old-record-id-IBaidjGvxovBFWx2z1LuLoAFsDd"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/QgAEbdiYOo4ON5xlgqeuk2fqsae/?mount_node_token=RuywdGMCKotrYVxF1kpuKsCTs5b&mount_point=docx_image" data-width="2314" data-height="300" data-lark-image-uri="drivetoken://QgAEbdiYOo4ON5xlgqeuk2fqsae" data-lark-image-width="2314" data-lark-image-height="300" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-OOeSdWUxVo1sEtxPtr9uvkFXsub"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-QtZod5HSKo3Flxxd6i0uy0hosMf"><span style="font-size: 16px;">5.3 历史仓位</span></h3><div class="ace-line ace-line old-record-id-PFT5dGfhvoSJKaxd0dju8o9MsNf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-PZcmdabqroxZIHxWegcuJ8npseJ"><span style="font-size: 16px;"><strong>开仓均价</strong>：仓位平均开仓成本。</span></div><div class="ace-line ace-line old-record-id-FI5Qdz4T8oOXlExecGSuy55nsDh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-AARDdyAmIoHC1dx99vLu3NAys6g"><span style="font-size: 16px;"><strong>平仓均价</strong>：所有平仓交易的平均价格。</span></div><div class="ace-line ace-line old-record-id-BVTXdS2X6oWYAUxH9Wwu5kVisZe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VxcjdQE85o0XcNxNWqBuxmUisEc"><span style="font-size: 16px;"><strong>已实现盈亏</strong>：该仓位产生的所有已实现的盈亏，包含手续费、资金费用和平仓盈亏。 (不包含卡券、MX抵扣的手续费部分。)</span></div><div class="ace-line ace-line old-record-id-GHbcdHhD6oURu0xy5oGuWz4Ws6d"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/TnlEb9nsOoHaWbxlJsJubAgZscf/?mount_node_token=E5WcdA7XZoINTCxRQSuu7UTms1g&mount_point=docx_image" data-width="2318" data-height="232" data-lark-image-uri="drivetoken://TnlEb9nsOoHaWbxlJsJubAgZscf" data-lark-image-width="2318" data-lark-image-height="232" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-OA4LdJeDCopkwHxELqruTlPLsWO"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-Is9JdMtLco8PaVxAR5puQQkssJH"><span style="font-size: 16px;">5.4 资产</span></h3><div class="ace-line ace-line old-record-id-XaXBdEOgjo80tPxFrGjuFZbWsAe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-EzI2dYyx3oeasfxxTgvuh2UOsyf"><span style="font-size: 16px;"><strong>账户权益</strong>：钱包余额+未实现盈亏。</span></div><div class="ace-line ace-line old-record-id-Om1ydEk0YojcEdxNcj4usDqHsgg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RZKZdOLr2oEtwaxKGsSuZhOvsJh"><span style="font-size: 16px;"><strong>钱包余额</strong>：总划转入金-总划转出金+已实现盈亏。</span></div><div class="ace-line ace-line old-record-id-V2PIdwMGbotEcCxCnb1u3jCBspe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-LqJZdN43loJt5Ax2qI7uvPulsic"><span style="font-size: 16px;"><strong>可用保证金：</strong>可用于新开仓的金额。</span></div><div class="ace-line ace-line old-record-id-XfdAdvnytoJotkxWNVOuotfPs4e"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/YG25bzHisoiIr4xUzhDuphWXshg/?mount_node_token=Sbrcd6d5LodpLExtAx7u2DiJsPc&mount_point=docx_image" data-width="2316" data-height="298" data-lark-image-uri="drivetoken://YG25bzHisoiIr4xUzhDuphWXshg" data-lark-image-width="2316" data-lark-image-height="298" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-MztFdaQIBoixXtxRyynuyO1VsOY"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ENZNdWkpSoVJC0xJ867uvsIYs1d"><span style="font-size: 16px;">认识合约交易相关的名词，只是学习使用合约工具的第一步，接下来您需要通过交易操作来掌握所学。在开始正式的合约交易之前，您可以先通过使用 MEXC 提供的<a data-lark-is-custom="true" href="https://www.mexc.com/zh-TW/learn/article/17827791509695">合约模拟盘</a>进行练习，熟悉后再使用实盘进行交易。</span></div><div class="ace-line ace-line old-record-id-BkrGdeBpMok5GDxwvVouI7VGs5g"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-V3iZd0Y79oBmnGx6DBGuCOcOsdD"><span style="font-size: 16px;">推荐阅读：</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-WD6tdHBVboW2MgxsdceuZHRCsmk" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/mexc-futures-funding-rate-305432020820705280">MEXC 合约资金费率完整指南：计算方法与查询教程</a></span></div></li><li class="ace-line ace-line old-record-id-TWdgdVe51oxirFxpRokuv6vTspf" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/futures-trading-faq-305425827477864448">合约交易常见FAQ：新手入门必读的完整指南</a></span></div></li><li class="ace-line ace-line old-record-id-Uk8SdfuQro33enxRpkfu6hLZs0e" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/time-in-force-tif-for-futures-trading-305427906242034688">合约交易生效时间完整指南</a></span></div></li><li class="ace-line ace-line old-record-id-IXrVdz8lBoqIvJxoJM9uq3Zjswc" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/a-complete-guide-to-futures-information-terminology-305436590665908224">一文解读合约信息名词</a></span></div></li><li class="ace-line ace-line old-record-id-IqLWdkv0hokzc5xZRfhuuT7Us4d" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-the-mexc-app-305421274812529664">如何在 MEXC App 进行合约交易</a></span></div></li><li class="ace-line ace-line old-record-id-NXScdulHXo87cQxICHNut2ansSd" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-mexc-web-305423980641926144">如何在 MEXC Web 进行合约交易</a></span></div></li></ul></div>

<div data-page-id="QMggdjUhsoXxPMxzrdzu4UGwsJh" data-lark-html-role="root" data-docx-has-block-data="true"><h2 class="heading-2 ace-line old-record-id-A8bfdKx2Iop72xxgaRluqlLPsRg"><strong>1. 什么是自动减仓机制（ADL）？</strong></h2><div class="ace-line ace-line old-record-id-MLeJdvM1Hoor5AxURFfuLvWWsbd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-U3AudOINCoaG0uxvOnQuocUHszc"><span style="font-size: 16px;">自动减仓机制（Auto-Deleveraging），简称 ADL，是加密货币合约交易中一项重要的风险控制机制。当市场出现极端行情波动，或因不可抗力因素导致平台风险准备金不足或急速下降时，系统将启动 ADL 机制来控制整体风险。</span></div><div class="ace-line ace-line old-record-id-PZMadSkg1ojAeMxjUD6uTFM1ske"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NfwvdycFaooK04xWW4Dupi5Pshf"><span style="font-size: 16px;">ADL 的核心逻辑是一种对手方强制平仓机制。系统会根据交易者的杠杆倍数和收益率，按照特定的排序规则，优先对高杠杆、高盈利的账户进行自动减仓操作，从而保障平台的整体资金安全与市场稳定。</span></div><div class="ace-line ace-line old-record-id-M49bdsZ06oLHwWxH6a8um6XFs3f"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-PS8tdJWrboiYOmxNTnbuwa5ssrh"><strong>2. ADL 自动减仓的执行流程</strong></h2><div class="ace-line ace-line old-record-id-FM0cd3k4doMw69xa6smub05isjd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TWD7dHkBioNpzsxsAUvugB2ss8d"><span style="font-size: 16px;">了解 ADL 的执行流程，有助于交易者更好地理解这一机制的运作方式。</span></div><div class="ace-line ace-line old-record-id-E4bSdm7l4o4qTgxXugBuMi6Wsxc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-FnGvdkTgHouxWIxZGJeuuF7Ssyf"><span style="font-size: 16px;">系统首先会通过收益率和有效杠杆计算出 PNL 排名（PNL 即盈亏表现）。交易策略较为激进且盈利最多的交易者，将被 ADL 机制优先标记为减仓对象。</span></div><div class="ace-line ace-line old-record-id-WQCFdjLaLoyArOxjhv0uvRc2sJd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-S5nXd64fVo2aAoxMigiu7lqssie"><span style="font-size: 16px;">当 ADL 被触发后，系统会自动寻找 PNL 排名靠前的对手方账户，并以破产价格与其进行直接交易，从而完成自动减仓操作。这一过程无需人工干预，完全由系统自动执行。</span></div><div class="ace-line ace-line old-record-id-J6QadJIo6oJr8bxVYB5utBixszg"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-N9ZxdgAMIoCjTcxLbrtuSS4csFf"><strong>3. ADL 自动减仓排序公式详解</strong></h2><div class="ace-line ace-line old-record-id-G04udRYPOoByHJxzmmEuepNMsce"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NuY8dq430oreZUxrffZusbXVs0c"><span style="font-size: 16px;">自动减仓严格按照以下公式进行排序：</span></div><div class="ace-line ace-line old-record-id-FcVPdeIN5oY0iYxAtGMud15Lsqc"><span style="font-size: 16px;"><strong>排序 = 盈利百分比 * 有效</strong><strong>杠杆</strong><strong>（如果盈利）= 盈利百分比 / 有效杠杆（如果亏损）</strong></span></div><div class="ace-line ace-line old-record-id-YpgjdnYvioSzomxDt4UuCErAsFe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ZaaTdwgJVoE1SGxilV7ujveosbD"><span style="font-size: 16px;">其中：</span></div><div class="ace-line ace-line old-record-id-JcPddIK2how77vxiAiUuj3jdsTe"><span style="font-size: 16px;">有效杠杆 = （合理价值） / （合理价值 - 破产价值）</span></div><div class="ace-line ace-line old-record-id-IBOFdV8aHoirVQxhQ1gu13lisTe"><span style="font-size: 16px;">盈利百分比 = （合理价值 - 平均开仓价值） / （平均开仓价值）</span></div><div class="ace-line ace-line old-record-id-RYD9d5PqUod901xVggouIAEysbf"><span style="font-size: 16px;">合理价值 = 位于合理价格时的仓位价值</span></div><div class="ace-line ace-line old-record-id-JPX0daWpRognYmxvDAhuQXO5s8c"><span style="font-size: 16px;">破产价值 = 位于破产价格时的仓位价值</span></div><div class="ace-line ace-line old-record-id-N4SGdDbvMobmBkxkhu2u0xDUsJb"><span style="font-size: 16px;">平均开仓价值 = 位于平均开仓价格时的仓位价值</span></div><div class="ace-line ace-line old-record-id-Gs0hdZA4IodG0nxrz6OukLdJseb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ZxhfdY2LGoF8LMxkPTCua8ZvsFd"><strong style="font-size: 16px;">注意：系统双方将分开由高至低排序。</strong></div><div class="ace-line ace-line old-record-id-KrU2deeksotlVwxyFtUuVlf2sSh"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-SggodHpDOoC340xvqWbuaWcEs1b"><strong>4. ADL 指示灯等级说明</strong></h2><div class="ace-line ace-line old-record-id-TbjkdF5vsoy5UMxMKmYu0XRhsJe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Ug2kdW1m8oGtjaxyBHKuT6mysyc"><span style="font-size: 16px;">MEXC 平台设置了 ADL 指示灯功能，帮助用户直观了解自己仓位在自动减仓序列中的位置。ADL 指示灯共分为 5 个等级，分别对应 0 至 4 格亮灯。</span></div><div class="ace-line ace-line old-record-id-QvBUds6tpoZWj9xMhYzuhRk3sRc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-QYS9djx4korpo1x47AGuivaWs6g"><span style="font-size: 16px;">排序逻辑按照单交易对仓位单张盈利越大排名靠前，多空分开：</span></div><div><table class="ace-table" data-ace-table-col-widths="170;142;142" style="border:none;border-collapse:collapse;table-layout:fixed;width:500px;"><colgroup><col width="170"><col width="142"><col width="142"></colgroup><tbody><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-QEcTd2RAjoQKRVxXBq9u4QMkseb"><span style="font-size: 16px;">盈利排名区间</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-N9u0dSYocos1wdxCAqPuARhksTb"><span style="font-size: 16px;">ADL 等级</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-OPGJdgfPlohA9Ixk72AuFNCBsJb"><span style="font-size: 16px;">亮灯格数</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-XPQ1ds8FeolWzuxdGMsu2fIgseP"><span style="font-size: 16px;">前 25%</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Cr8adPMZWoVGxixSLNfu7sCIsNe"><span style="font-size: 16px;">等级 4</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Xpi9dQyXso3Okqx3BkyuSAIfsCf"><span style="font-size: 16px;">亮 4 格</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-EvCxd8BCnoqPnaxv9CFukfYpsOd"><span style="font-size: 16px;">25% - 50%</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Bm06ddM61o0ffzxz1uwudAiWszg"><span style="font-size: 16px;">等级 3</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-SWohdihsJoEdoExe6lpufFpKs4d"><span style="font-size: 16px;">亮 3 格</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-KbI9dtxQ7oAc8qxSdMHuRcC4sOc"><span style="font-size: 16px;">50% - 75%</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-JvaBd9PQ1ozyHexkW0muyrkvsOh"><span style="font-size: 16px;">等级 2</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Q9vpdcSDAoGu51xLRMkuLqYjs1d"><span style="font-size: 16px;">亮 2 格</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-ObWCdwEiioDAuzxZ5v1ugKDSsNh"><span style="font-size: 16px;">75% - 100%</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-EnF8dKpG9okdS8xaV9PupxQgszf"><span style="font-size: 16px;">等级 1</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-O9ATdHoQboFrqvxu8FvufrDts4e"><span style="font-size: 16px;">亮 1 格</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-RWBhdBDVyoRHl9xV38curKetsMj"><span style="font-size: 16px;">亏损仓位</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-DWjRdjcZ4oC38kxZ8FcuprKGsnz"><span style="font-size: 16px;">等级 0</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-QYCzdQAnzoMbRGxb7CRuI3R5sUc"><span style="font-size: 16px;">不亮</span></div></td></tr></tbody></table></div><div class="ace-line ace-line old-record-id-DPP9dK1wsoypAPxksYWueH3wsVh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Q7LrdrlJaofpxYxClH7uOiO9s0d"><span style="font-size: 16px;">ADL 指示灯亮灯越多，表示该仓位在自动减仓序列中的排名越靠前。当指示灯全部亮起时，意味着如果发生自动减仓事件，该仓位将优先被系统减仓。交易者应密切关注 ADL 指示灯状态，及时调整仓位策略。</span></div><div class="ace-line ace-line old-record-id-SANydJd8RozmA5xmih3ubypQseb"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-ULQxdh4VZoph4Bxnr44ulT4zs5e"><strong>5. 如何降低被自动减仓 ADL 减仓的风险</strong></h2><div class="ace-line ace-line old-record-id-RrH8d9tlnoeQsxxlDtXupdYWsm1"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VeH8dBC9zo1lNvx9hjeui27Rs8b"><span style="font-size: 16px;">为了有效降低被 ADL 机制影响的风险，建议交易者采取以下措施：</span></div><div class="ace-line ace-line old-record-id-UtE6dAqaMoDg9gxvu0duhPvqsPc"><span style="font-size: 16px;"><strong>1）控制杠杆倍数</strong>：选择适当的杠杆倍数，避免过高杠杆导致排序值上升。</span></div><div class="ace-line ace-line old-record-id-QXk6daASmojZgHx0i85u23zCsTc"><span style="font-size: 16px;"><strong>2）分批止盈</strong>：及时锁定利润，降低浮盈集中度，减少被系统优先标记的概率。</span></div><div class="ace-line ace-line old-record-id-S8NBd99lwo5wf9xW517uYEAMsFg"><span style="font-size: 16px;"><strong>3）设置止盈止损</strong>：合理设置止盈止损点位，避免极端行情下的被动减仓。</span></div><div class="ace-line ace-line old-record-id-O4oId2fQ0oZH4Vx4wzsuGsxZsjb"><span style="font-size: 16px;"><strong>4）关注 ADL 指示灯</strong>：定期检查仓位的 ADL 等级，当亮灯较多时考虑主动调整仓位。</span></div><div class="ace-line ace-line old-record-id-HiUvdbcttoRJwGxa6MKuW1mNskR"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-M4sddbf9zoxR1jxLDBHuQO5Ws9g"><span style="font-size: 16px;">推荐阅读：</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-ToW4dHHmRoCIIjxuPWRuWzWespg" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/mexc-futures-funding-rate-305432020820705280">MEXC 合约资金费率完整指南：计算方法与查询教程</a></span></div></li><li class="ace-line ace-line old-record-id-CdKJdV0qsofA1AxxOaauCJIFsrb" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/futures-trading-faq-305425827477864448">合约交易常见FAQ：新手入门必读的完整指南</a></span></div></li><li class="ace-line ace-line old-record-id-AiTzdmZ3mo40kixHJweuxAqjsDe" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/time-in-force-tif-for-futures-trading-305427906242034688">合约交易生效时间完整指南</a></span></div></li><li class="ace-line ace-line old-record-id-Z9Rfd9KdOof7TExMCPcuY3vysBb" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/a-complete-guide-to-futures-information-terminology-305436590665908224">一文解读合约信息名词</a></span></div></li><li class="ace-line ace-line old-record-id-FkTRdSeYKoTOTqxBgn6uH372szd" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/futures-trading-page-terminology-guide-7951093588505">合约交易页面名词解读</a></span></div></li><li class="ace-line ace-line old-record-id-BWaXdd4ddoopKGxcsqGugf9SsBb" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/faq-on-index-price-fair-price-and-last-price-7950960183961">指数价格、合理价格和最新成交价常见问题解答</a></span></div></li></ul><div class="ace-line ace-line old-record-id-UaPPdZdljoLHRZxiR0LuGwfXsne"><span style="font-size: 16px;"><br></span></div></div>

<div data-page-id="WThWds2hBoIAopxmtmhuROcjs4H" data-lark-html-role="root" data-docx-has-block-data="true"><div class="ace-line ace-line old-record-id-E0Dsdwn9aoQuWaxITIYubuveswg"><span style="font-size: 16px;">加密货币合约交易中，一些用户遭遇过下单后订单被系统取消的情况，这通常与生效时间有关。本文将深入解析合约交易中的生效时间，帮助您掌握不同生效时间的使用方法，提升合约交易效率。</span></div><div class="ace-line ace-line old-record-id-RF51dj0vRoNRkExHl2nuokU7sGg"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-W1R7dqUrXort6qxZaVZuWLYUslh"><strong>1. 什么是合约生效时间？</strong></h2><div class="ace-line ace-line old-record-id-GE2oddcV1o8zsSxalrluzU2wsue"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UbUPdELpnoctRjxaEpduep2yshd"><span style="font-size: 16px;">合约生效时间是指您的订单在被执行之前维持有效的时间范围。简单来说，它决定了您的挂单能在订单簿中“存活”多久。如果订单在指定时间内未能成交，系统将自动取消该订单。</span></div><div class="ace-line ace-line old-record-id-HSJbdicmFoPq2nxphA2uDfKCssg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-WLeqdXTXBokPK0xUK1eujEOQsrd"><span style="font-size: 16px;">理解生效时间的重要性在于：正确设置生效时间能够显著提高订单成交率，避免错失理想的入场时机，同时有效管理风险敞口，防止订单在市场剧烈波动时被意外触发。</span></div><div class="ace-line ace-line old-record-id-HXzzdgsGdoLQhQx6SnbufW5bsic"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-MZnndsw1Qoi589x1jj0uLKUVsRg"><span style="font-size: 16px;">在 MEXC 合约交易平台上，共有六种委托类型：限价、市价、追逐限价委托、计划委托、跟踪委托和只做 Maker。其中，限价委托、市价委托和计划委托支持生效时间设置。</span></div><div class="ace-line ace-line old-record-id-F4sCdBYUDoxSAWxv5ysuLHoLsFk"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" class="ace-line ace-line old-record-id-SK1cd7mHNoWNxexJEcSuZsOXsCd"><span style="font-size: 16px;">*BTN-<strong>合约交易</strong>&BTNURL=<a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDT">https://www.mexc.com/futures/BTC_USDT</a>*</span></div><div class="ace-line ace-line old-record-id-BqAXdaEKyowFIBxnDmWuKQ6Nsoc"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-WnrydHLDaoiyg4xwf7YuNh6sslf"><strong>2. 不同下单模式的生效时间详解</strong></h2><div class="ace-line ace-line old-record-id-ZxTFdqD8oo9hFpx4NHqu0aftsBA"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-Lu7AdIMnEoGZvsxMsHTuMtHmsdh"><span style="font-size: 16px;">2.1 限价委托的生效时间设置</span></h3><div class="ace-line ace-line old-record-id-IHo9dW7hmoHMQGxMV0uu5SEvsVb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-I89CdlTN5o9c3Ux15qUuFMWpsRf"><span style="font-size: 16px;">限价委托是合约交易中最常用的订单类型，MEXC 为其提供三种生效时间选项：</span></div><div class="ace-line ace-line old-record-id-EXECd0jqFodsjOxcbdluWsWaskh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GKsedlL65o4UYFxsHHBuDLHtsxf"><strong style="font-size: 16px;">GTC（Good Till Canceled，一直有效直到取消）</strong></div><div class="ace-line ace-line old-record-id-JWa1dVtenojPOkxkMTUuOis3sid"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GG6Pdz5T9ootATxqNORuZTTksAD"><span style="font-size: 16px;">GTC 订单将持续有效，直到完全成交或被您手动取消。系统不会因时间限制而自动撤单。这种模式适合不急于成交、愿意等待理想价位的交易者，常用于波段交易或被动挂单积累策略。</span></div><div class="ace-line ace-line old-record-id-HByYd41HWosOu4xGxsQuJd1Xste"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-PDJCdJsbvoULwcxFMK8u9atOsMA"><span style="font-size: 16px;">例如，当前 BTC 价格为 100,000 USDT，您认为价格回落至 90,000 USDT 时是理想开仓价格。此时使用 GTC 限价买单挂在 90,000 USDT，即使短期内价格未触及，订单也会持续等待，直到成交或您主动取消。</span></div><div class="ace-line ace-line old-record-id-QCtod6UPYoOGrwxSzjJuq4jKsSd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-XYeKdzrSboBo17xGmNuufMgAsZg"><strong style="font-size: 16px;">IOC（Immediate or Cancel，立即成交或取消）</strong></div><div class="ace-line ace-line old-record-id-ZHxSdrz8GoXQEvx88lMuUDyFsQb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-BgSudrLzOoBwRgx36ueuUH86s4d"><span style="font-size: 16px;">IOC 订单要求系统立即以指定价格尝试撮合。能够即时成交的部分将被执行，未成交部分则自动取消，不会挂在订单簿中等待。</span></div><div class="ace-line ace-line old-record-id-XKqVdCbUzoyX46xyV4puwNRRs5b"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-EWaedOCdao1NYcx8s5eukxH3scd"><span style="font-size: 16px;">例如，您下单以 91,000 USDT 买入 10 张 BTC 合约，但市场上该价位仅有 6 张可供成交。IOC 模式下，系统会立即成交 6 张，剩余 4 张自动取消。这种模式适合高频交易或大额交易中追求快速部分成交的场景。</span></div><div class="ace-line ace-line old-record-id-CSTDdZMaeo9gycxyrvjus029s3g"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Lx6Mdw9VyoaInoxDPKeuj9IysZd"><strong style="font-size: 16px;">FOK（Fill or Kill，全部成交或取消）</strong></div><div class="ace-line ace-line old-record-id-XFOKdrVGIoGuKDxcLsTup8Hfsad"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-DFmqdGtBLoyJprxiSiSuTtgssFf"><span style="font-size: 16px;">FOK 订单采用全部成交有或全部取消的执行逻辑。只有当市场深度足以让整个订单一次性全部成交时，订单才会执行；否则系统将立即撤销整个订单，不执行任何部分。</span></div><div class="ace-line ace-line old-record-id-EuBGdc1hJoxhhvxfGtKunkm6sdg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-BjIbdDR1NoXunNxkFKtu4TBZsYb"><span style="font-size: 16px;">例如，您想以 91,000 USDT 买入 10 张合约，但市场上仅有 8 张可即时成交。由于无法满足全部成交的条件，FOK 模式下系统会直接取消整个订单。这种模式适合对滑点高度敏感的大宗交易、套利或对冲策略。</span></div><div class="ace-line ace-line old-record-id-VTR0dqNl9o9QsOxo1PkuS0d5s2e"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-FfjJdFl81oKfS4xYs4pu8qsNsuX"><span style="font-size: 16px;">2.2 市价委托的生效时间设置</span></h3><div class="ace-line ace-line old-record-id-EF9cd2DV6oTHEfxnVtUum4hvsyc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UTWBdL6GQoJcRmxdaERuzaTJsBg"><span style="font-size: 16px;">市价委托通常用于追求快速成交，但在剧烈波动的市场中可能面临滑点风险。MEXC 提供市价转限价（Market-to-Limit，MTL）订单来平衡执行效率与价格控制。</span></div><div class="ace-line ace-line old-record-id-TL8XdgOvuo8V0txrsiiuSP4hswb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-K9xfd86nXoKhG4xL4PSu8MOWspb"><span style="font-size: 16px;">MTL 订单首先以市价单形式提交，按当前最优价格立即执行。如果订单仅部分成交，剩余部分将自动转换为限价单，限价设定为已成交部分的平均价格，挂在订单簿中等待后续成交。</span></div><div class="ace-line ace-line old-record-id-WDMqdVKbvoZDBIxp7oyuUEvvsrh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-M6iHdtTZWolTwax2yZjujigcssb"><span style="font-size: 16px;">例如，当前 BTC 市价为 91,000 USDT，您下达 MTL 买单购买 10 张合约。系统以 91,000 USDT 立即成交 7 张，剩余 3 张自动以 91,000 USDT 的限价单形式挂出，等待成交。这种机制有效防止在波动行情中整个订单以过高价格成交。</span></div><div class="ace-line ace-line old-record-id-UYkadkDPZoCinexXZMxuJZNosic"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-VdrydloEkopbMExYAQHuqjmisAg"><span style="font-size: 16px;">2.3 计划委托的生效时间设置</span></h3><div class="ace-line ace-line old-record-id-IpR7dI88boyNPyxYSzauwKmosmg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Pq6zdYzk8oihihxZWTgunIbJsag"><span style="font-size: 16px;">计划委托是一种条件订单，用于在价格达到预设条件时自动下单。MEXC 提供三种生效时间选项：</span></div><div class="ace-line ace-line old-record-id-TchqdeTuto5xAxxu3Wiu4xAwsmc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-QNqUdtyreoqFJlxPG9gum7zKszf"><span style="font-size: 16px;">24 小时有效适合短线交易者追踪日内价格波动，快速响应突破行情。</span></div><div class="ace-line ace-line old-record-id-Q0F8dcsvWoP5iQxdRnnu6GJ4sTd"><span style="font-size: 16px;">7 天内有效适合波段交易和事件驱动策略，例如围绕重要经济数据发布进行布局。</span></div><div class="ace-line ace-line old-record-id-JOesdsdP4ot0fqx19LpuoG6JsYb"><span style="font-size: 16px;">长期有效则适合趋势跟踪者和分批建仓策略，订单将持续有效直到被触发或手动取消。</span></div><div class="ace-line ace-line old-record-id-PEJrdsrW4op25NxXN9Zuox0Qspc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-APILdnh1voz7s4xhZteuxpFysiX"><span style="font-size: 16px;">需要注意的是，计划委托只有在满足触发条件后才会提交市价单或限价单。设置合理的有效期能够避免过期订单被遗忘后意外触发。</span></div><div class="ace-line ace-line old-record-id-SOhkd8a0xoigaVxwyPYu59fLs6f"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-UOf3dBHLvoBL4AxK1ACu98CZsEc"><span style="font-size: 16px;">2.4 生效时间的设置方法</span></h3><div class="ace-line ace-line old-record-id-AVQLdBec6oiukvxHn0aukcrysEf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-To7CdY5ZXoIbZsx8EYFuJELbs5g"><span style="font-size: 16px;">在 MEXC <a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDT">合约交易</a>页面，在下单区域选择您需要的委托类型（限价、市价或计划），在【开多】/【开空】按钮上方即可看到生效时间，根据您的交易需求进行设置。</span></div><div class="ace-line ace-line old-record-id-ZUvLdgJN1oCWs5xcoGQutAXGsPc"><span style="font-size: 16px;"><br></span></div><div 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data-snapshot="eyJ0eXBlIjoiaW1hZ2UiLCJwYXJlbnRfaWQiOiJXVGhXZHMyaEJvSUFvcHhtdG1odVJPY2pzNEgiLCJjb21tZW50cyI6W10sInJldmlzaW9ucyI6W10sImxvY2tlZCI6ZmFsc2UsImhpZGRlbiI6ZmFsc2UsImF1dGhvciI6IjcyMzYyMTU4MTYwODQwNzg1OTciLCJhbGlnbiI6ImNlbnRlciIsImltYWdlIjp7InRva2VuIjoiT3U3bGJ1NExWb0hDOG14STNieHV2dDd3c0RiIiwibWltZVR5cGUiOiJpbWFnZS9wbmciLCJzaXplIjo2NjkxOTksInNjYWxlIjoxLCJ3aWR0aCI6MjkzMiwiaGVpZ2h0IjoxNDYwLCJuYW1lIjoiaW1hZ2UucG5nIiwiY3JvcCI6WzAsMCwwLDBdLCJyb3RhdGlvbiI6MCwiY2FwdGlvbiI6eyJ0ZXh0Ijp7ImFwb29sIjp7Im5leHROdW0iOjAsIm51bVRvQXR0cmliIjpudWxsfSwiaW5pdGlhbEF0dHJpYnV0ZWRUZXh0cyI6eyJhdHRyaWJzIjpudWxsLCJ0ZXh0IjpudWxsfX19fSwiYXJlYV9jb21tZW50cyI6e319" data-suite="eyJmaWxlVG9rZW4iOiJPdTdsYnU0TFZvSEM4bXhJM2J4dXZ0N3dzRGIiLCJvYmpUeXBlIjoiZG9jeCIsIm9ialRva2VuIjoiWlZkY2RWZEVPb3ExRG94UmZ0MHVudWlPc2pjIiwib3JpZ2luU3JjIjoiaHR0cHM6Ly9pbnRlcm5hbC1hcGktZHJpdmUtc3RyZWFtLmxhcmtzdWl0ZS5jb20vc3BhY2UvYXBpL2JveC9zdHJlYW0vZG93bmxvYWQvcHJldmlldy9PdTdsYnU0TFZvSEM4bXhJM2J4dXZ0N3dzRGIvP3ByZXZpZXdfdHlwZT0xNiJ9" data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/Ou7lbu4LVoHC8mxI3bxuvt7wsDb/?mount_node_token=ZVdcdVdEOoq1DoxRft0unuiOsjc&mount_point=docx_image" data-width="2932" data-height="1460" data-lark-image-uri="drivetoken://Ou7lbu4LVoHC8mxI3bxuvt7wsDb" data-lark-image-width="2932" data-lark-image-height="1460" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-FZdJd9y8eoBYXmxfyH7uZYUcsPd"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-BRi3dl9LNo52Fax7ag4ufbcgspd"><strong>3. 为什么生效时间值得关注？</strong></h2><div class="ace-line ace-line old-record-id-Top8dQppiohaUxxQIb7u0Z1NsSh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-L5o8drPcwoR4OJxN5cjugJyosdd"><span style="font-size: 16px;">正确设置生效时间对合约交易者而言至关重要，主要体现在以下几个方面：</span></div><div class="ace-line ace-line old-record-id-G26Ud9wVFoXpEyx2tbOuvAz9sxg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VLljd6NUyop8cNxa14HuB7yVsTe"><span style="font-size: 16px;"><strong>提升成交效率</strong>：选择合适的生效时间确保订单在您预期的时间范围内保持活跃，降低错过市场机会的概率。</span></div><div class="ace-line ace-line old-record-id-IJowd7GBMoLF7KxjUcJu0IC1sVY"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-DSTtdwwMyo9RmZxS6mBugdZKsHc"><span style="font-size: 16px;"><strong>避免遗忘订单</strong>：设置 24 小时或 7 天等较短的有效期，可以防止过期订单在市场反转时被意外成交，造成不必要的损失。</span></div><div class="ace-line ace-line old-record-id-D0DndWIBqoFh9hxRmSHuwSTIsqf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UUnad52xBoo0FWxNtNZugcrJsUg"><span style="font-size: 16px;"><strong>精准执行策略</strong>：FOK、IOC、GTC 等不同选项能够满足多样化的风险管理需求，无论您追求即时成交还是全额执行，都能找到匹配的方案。</span></div><div class="ace-line ace-line old-record-id-SJ9udVwoLoveBCx2HkyuMdkksUe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Gg2cdXa4jo9PSQxdpRzuytqjsod"><span style="font-size: 16px;"><strong>控制风险敞口</strong>：防止订单在市场中长时间挂单，减少剧烈价格波动期间意外成交的风险。</span></div><div class="ace-line ace-line old-record-id-LUkEddca9otw0GxR8O8uijolsur"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Xay9d5HOoofY5JxSLyYuTpYOs4g"><span style="font-size: 16px;">根据不同的交易风格，建议参考以下配置：日内交易者可优先选择 IOC 或 24 小时有效的计划委托；波段交易者适合使用 GTC 或 7 天有效期；做市与套利策略推荐 FOK 配合只做 Maker 订单；趋势跟踪者可考虑长期有效的计划委托或跟踪止损订单。</span></div><div class="ace-line ace-line old-record-id-XyEDdY8ycoEK9dxOJEouS5Vsseg"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-WZQYdPMiKokLHIxm7UOuVPrMs7f"><strong>4. 生效时间常见问题解答</strong></h2><div class="ace-line ace-line old-record-id-KaZndCRl0oecO4xYpL3uvD22sOc"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-RUEcdmpMVoJxbPxNa67u3XKGs3Q"><strong style="font-size: 16px;">4.1 GTC 是什么意思？</strong></h3><div class="ace-line ace-line old-record-id-EdxVdsws1o8TJRxbGAbuwRnJsWe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VZMjdhwq5oQOQ9xzojKuIkGZsSh"><span style="font-size: 16px;">GTC 即 Good Till Canceled，表示订单将一直有效，直到完全成交或被您手动取消。系统不会因时间到期而自动撤销该订单。</span></div><div class="ace-line ace-line old-record-id-JBbPdjchRoyaI2xp02eux1gusGc"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-R2DHdOoSVovniSxIAMiuB7rUsqh"><strong style="font-size: 16px;">4.2 IOC 和 FOK 有什么区别？</strong></h3><div class="ace-line ace-line old-record-id-JecHdbJhtobWouxhEv8uHnUSsSg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-BAzQdmPF2o58KxxohPUudix6sLd"><span style="font-size: 16px;">IOC（立即成交或取消）允许部分成交，未成交部分自动取消；FOK（全部成交或取消）要求订单必须全部成交，否则整个订单都会被取消，不执行任何部分。</span></div><div class="ace-line ace-line old-record-id-Sidvd9sLyocdcuxo0XEuNjcNs07"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-WfTcdsSgkoEZ6jxmhWBu8jPdsMf"><strong style="font-size: 16px;">4.3 为什么我的合约订单会被自动取消？</strong></h3><div class="ace-line ace-line old-record-id-RvozdL1LAoHkfBxraLuuGV7xsZd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-DIdHdFh8eoNHGgxQ8xYusVIHsLf"><span style="font-size: 16px;">最常见的原因是生效时间设置不当。如果您使用了 IOC 或 FOK 模式，而市场深度不足以满足成交条件，订单就会被系统自动取消。另外，计划委托超过设定的有效期也会被自动撤销。</span></div><div class="ace-line ace-line old-record-id-EvuGdOPAAo37Eaxv7tUuTVsGsoe"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-Zp4zd8ErOo5K4XxWNB3uG41XsCe"><strong style="font-size: 16px;">4.4 什么情况下应该使用 MTL 订单？</strong></h3><div class="ace-line ace-line old-record-id-LiORdynN0oeg8vxgNoBubLB7sJh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-JTozdYfdAo7czuxpuCwufcSvsqd"><span style="font-size: 16px;">当您希望快速成交但又担心市场波动导致滑点过大时，MTL 是理想选择。它结合了市价单的执行速度与限价单的价格保护，未成交部分会以合理价格挂单等待。</span></div><div class="ace-line ace-line old-record-id-YULzd04egohORjxyNy4uhpRxsGf"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-WPLsdDS9loVGTax7RFRutWknssh"><strong style="font-size: 16px;">4.5 跟踪止损订单和只做 Maker 订单支持生效时间设置吗？</strong></h3><div class="ace-line ace-line old-record-id-OlEldfbPdoyiEbxjObDummxrsrd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RqcNdmbiLoUkZ3xsJrIu3ebrsPQ"><span style="font-size: 16px;">不支持。跟踪止损订单和只做 Maker 订单在 MEXC 平台上不提供生效时间设置选项，但它们在特定策略中仍具有重要作用。跟踪止损用于动态止盈止损，只做 Maker 则确保订单以挂单方式成交以获取 Maker 手续费优惠。</span></div><div class="ace-line ace-line old-record-id-OaXedm4B2oPCt5xLU65uRsxmsbh"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-Tj1NdQTdkofLK7xIVuWuv6i2sLE"><span style="font-size: 16px;">其他合约内容推荐阅读：</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-U5rZd6ISyoCOknx1iL2u8XRgsGb" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/mexc-app-navigation-305429821797449728">MEXC App 首页导航完整指南</a></span></div></li><li class="ace-line ace-line old-record-id-HO80diiGUohemAxJiMrua57OsT0" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-the-mexc-app-305421274812529664">如何在 MEXC App 进行合约交易</a></span></div></li><li class="ace-line ace-line old-record-id-RXMVdj5eQoBpYsxddFBup0u2sWh" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-mexc-web-305423980641926144">如何在 MEXC Web 进行合约交易</a></span></div></li><li class="ace-line ace-line old-record-id-W1jxdEIygojkvbx5RJNuEIfLsdf" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/futures-trading-faq-305425827477864448">合约交易常见FAQ：新手入门必读的完整指南</a></span></div></li><li class="ace-line ace-line old-record-id-GY5sdMn5Kof0ljx77q8uP7QOsqr" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/mexc-futures-funding-rate-305432020820705280">MEXC 合约资金费率完整指南：计算方法与查询教程</a></span></div></li><li class="ace-line ace-line old-record-id-R9nFdhVxDo1GhoxI7THuyq6TsVb" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/faq-on-index-price-fair-price-and-last-price-7950960183961">指数价格、合理价格和最新成交价常见问题解答</a></span></div></li></ul><div class="ace-line ace-line old-record-id-G9FVdSOt6o90OmxHd9muOtuzskZ"><span style="font-size: 16px;"><br></span></div></div>

<h2 class="heading-2 ace-line old-record-id-AtPvdAkkOo70prxQtNnuS47gsHb"><strong>1. 什么是保证止损（GSL）？</strong></h2><div class="ace-line ace-line old-record-id-MmS1dVnr4oXqf4xoCl6utdZSs2b"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-EAv8dx7luoJExQxIe2Puaof6sxf"><span style="font-size: 16px;">保证止损（Guaranteed Stop Loss，简称GSL）是一项付费风控功能，专为应对市场剧烈波动而设计。当您设置保证止损后，止损订单将保证以您指定的触发价执行，帮助您锁定最大亏损范围，有效消除滑点风险。</span></div><div class="ace-line ace-line old-record-id-IN6Vd9cbCoJWznxRAA5uXjLssvc"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-Cc86dWOb0o5nuJxbMMQud8HFsaf"><strong>2. 保证止损和普通止损有什么区别？</strong></h2><div class="ace-line ace-line old-record-id-UnsTdyFQboV8SyxyrqduV1dTs8g"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Jjw7djehSoaXuQx9j2ju7BDYszf"><span style="font-size: 16px;">了解保证止损与普通止损的区别，对于有效的风险管理至关重要。</span></div><div class="ace-line ace-line old-record-id-GgtUd9LgOogfKNxmFeEu9eJFsS6"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VBuWdWUWjoW0M7xBDwvuUahfsFc"><span style="font-size: 16px;">普通止损在触发后通常按市价执行。在市场剧烈波动时，可能出现明显滑点，导致实际成交价与您设定的止损价产生较大偏差。</span></div><div class="ace-line ace-line old-record-id-Ndfjd5mkAobvZaxTCJxu5Nfws7c"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Iyaud9xTBopubUxvIVguFnA9sLg"><span style="font-size: 16px;">保证止损则确保以您指定的触发价执行，无论市场条件如何变化，都能提供更稳定、更可预测的止损结果。</span></div><div class="ace-line ace-line old-record-id-WZJJdeHyioB5R1xEtaZuFH31syI"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-OdHsdUdDSolzYRxlXXhuq3i1s6e"><strong>3. 哪些交易币对支持保证止损？</strong></h2><div class="ace-line ace-line old-record-id-PqSYdmV5tojSHax7e02u4X2Bsde"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NtHhdjxrSoPWKoxBrrkuUTZbs6b"><span style="font-size: 16px;">保证止损仅对部分指定交易对开放。如需确认您想交易的币对是否支持保证止损功能，请以交易页面或下单页面的实际展示为准。</span></div><div class="ace-line ace-line old-record-id-H0CNd4EVFo8AY9xiyWguPsgVs0g"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-TiKsddFJkoNiFDx7f8Rub1dTsXc"><strong>4. 保证止损支持哪些触发价格类型？</strong></h2><div class="ace-line ace-line old-record-id-ODj5dcnadoZbaqxkN7uuYph1ssh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-OfkRdQy4XoPccbxognTuiEYVsif"><span style="font-size: 16px;">保证止损仅支持使用最新价作为触发依据。不支持合理价/标记价、指数价等触发方式。</span></div><div class="ace-line ace-line old-record-id-XhCRdPG4PoEWrOxo6E7u14nHsz5"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-JHNUdyt26owDDoxwntzuIRlwsuh"><strong>5. 使用保证止损需要付费吗？</strong></h2><div class="ace-line ace-line old-record-id-UBQ2dBdMBozeBPxlcm8uJTr3skb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Q5kadi9YooAE5kxvgwWuSYS8soc"><span style="font-size: 16px;">是的，使用保证止损会收取额外的保证止损费。费率按交易币对分别设置，具体费率请参阅交易页面显示。</span></div><div class="ace-line ace-line old-record-id-RowgdGaJpoSlqLx1PpsujkTus5H"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-BZYRdwASoosxLDxa7UFutQIOs51"><strong>6. 保证止损费何时收取？</strong></h2><div class="ace-line ace-line old-record-id-MeildxFtwof4lbxWBk5uyRH5sNg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-CUModxy93oLSBDxugMBuzRLzs3p"><span style="font-size: 16px;">保证止损费仅在订单成功触发且最终成交时收取：</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-WlXMda1zvoKWT9xy7Tduobqhs32" data-list="bullet"><div><span style="font-size: 16px;">未触发：不收费</span></div></li><li class="ace-line ace-line old-record-id-CIpqd698vopex4xIOBQuOxTHsEh" data-list="bullet"><div><span style="font-size: 16px;">触发但未成交：不收费</span></div></li><li class="ace-line ace-line old-record-id-IVVVdFZNIoMDklxxWBWuB9bOsoc" data-list="bullet"><div><span style="font-size: 16px;">触发且成交：收取费用</span></div></li></ul><div class="ace-line ace-line old-record-id-L5tJdptWYozCvYxLNcouOqhgsHf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-Cm38da5h4oDENsxMih1ugu0hsxj"><strong>7. 保证止损费如何计算？</strong></h2><div class="ace-line ace-line old-record-id-QeAndiK0joSO13xqAHTuvKYGsMc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NEUddyc0Eo6Iwxxmyj4um9L9sVb"><span style="font-size: 16px;">保证止损费率按币对设置，通常按本次止损成交的名义价值计算（示例说明）：</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-Gkeedmez7offRGxzyeEuCzXUsUb" data-list="bullet"><div><strong style="font-size: 16px;">保证止损费 = 成交名义价值 × 保证止损费率</strong></div></li><li class="ace-line ace-line old-record-id-JehOdDPKEoqwd3xckapuciFzsgc" data-list="bullet"><div><span style="font-size: 16px;">名义价值（USDT 本位示例）= <strong>成交数量 × 成交价格</strong></span></div></li></ul><div class="ace-line ace-line old-record-id-Y9DxdbnKOoFtxNxyIK8uS1UzsXf"><span style="font-size: 16px;">注：具体费率请以交易页面展示为准。</span></div><div class="ace-line ace-line old-record-id-N2OGd8AmtoZZRFxKC9ZunTgHsTd"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-WLAzdH0XtowCBXxsWM7u5HCJsPf"><strong>8. 保证止损能确保成功执行吗？</strong></h2><div class="ace-line ace-line old-record-id-XXESdTtn0o4Lhpx8nDguIjoTskh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-J9SEdb8coorC4vxceL6uq84tsLe"><span style="font-size: 16px;">保证止损会在满足触发条件时尽可能执行，但并不能保证一定触发成功或一定成交。在极端行情、系统繁忙或其他异常情况下，可能出现触发延迟、触发失败或未能成交等情况。若保证止损订单未触发或未成交，将不收取保证止损费。</span></div><div class="ace-line ace-line old-record-id-ZnQ3dW9LzoGxgwxekqdug26qsSg"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-CMRmdhl1RokT7Lx8UFvu4chLsnf"><strong>9. 我可以修改或取消保证止损订单吗？</strong></h2><div class="ace-line ace-line old-record-id-VTOAd8cnPokOQxxB81WuTg0Dsah"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-JkTqdlP2RohQodxdLF0uBm0Isic"><span style="font-size: 16px;">可以。您可以在订单或持仓的止盈止损设置中，对保证止损进行修改或取消。修改后将立即以最新设置为准。</span></div><div class="ace-line ace-line old-record-id-PMrQd9Ario0jzRxfObvujd8qsbe"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-SSVjd0POEoBNEIxWK8euokFesgc"><strong>10. 为什么我看不到保证止损选项？</strong></h2><div class="ace-line ace-line old-record-id-TF2TdqLCtojT7lxJYcQu3TTgskc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UIOCd69yLokVEZxqaKjufUKesHb"><span style="font-size: 16px;">如果保证止损选项不可见，可能的原因包括：</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-TFsVdMxDKooaiIxcZ6CuWCtosbd" data-list="bullet"><div><span style="font-size: 16px;">当前交易对暂不支持保证止损功能。</span></div></li><li class="ace-line ace-line old-record-id-GaqPdmlYboMOcnxEwVAuANazsQf" data-list="bullet"><div><span style="font-size: 16px;">该功能在部分地区/账户类型/风险等级下不可用（如有相关限制，以页面提示为准）。</span></div></li></ul><div class="ace-line ace-line old-record-id-AYEUdQIFpoF4RPxc1Hmu2UT6s3K"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-AZMZdep7CoGP4NxKNp4uhulmsfg"><span style="font-size: 16px;">推荐阅读：</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-EvdgdNsHRoBouSxKoK6uc59csOd" data-list="bullet"><div><a data-lark-is-custom="true" href="https://www.mexc.com/learn/article/17827791534161" style="font-size: 16px;">什么是合约保证止损单</a></div></li><li class="ace-line ace-line old-record-id-IioadNXuQo1RLOxlRJiuo0Onsih" data-list="bullet"><div><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-the-mexc-app-305421274812529664" data-lark-is-custom="true" style="font-size: 16px;">如何在 MEXC App 进行合约交易</a></div></li><li class="ace-line ace-line old-record-id-QamKdWEO6oEI0bxfLjEu8EVcsPb" data-list="bullet"><div><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-mexc-web-305423980641926144" data-lark-is-custom="true" style="font-size: 16px;">如何在 MEXC Web 进行合约交易</a></div></li><li class="ace-line ace-line old-record-id-NGVLd6DMwoWbvQxlTtMuEz6ps5d" data-list="bullet"><div><a href="https://www.mexc.com/support/article/futures-trading-faq-305425827477864448" data-lark-is-custom="true" style="font-size: 16px;">合约交易常见FAQ：新手入门必读的完整指南</a></div></li><li class="ace-line ace-line old-record-id-EsACdHvDno6OsNx79TNuo4XLsvg" data-list="bullet"><div><a href="https://www.mexc.com/support/article/mexc-futures-market-order-faqs-318921954751756288" data-lark-is-custom="true" style="font-size: 16px;">MEXC 合约市价交易常见问题</a></div></li></ul><div class="ace-line ace-line old-record-id-MvRGdutAWoYEfqxMN6Qutipasrd"><br></div>

<div data-page-id="NxU4dNhqjoSMLEx80lSuMUZmsad" data-lark-html-role="root" data-docx-has-block-data="true"><h2 class="heading-2 ace-line old-record-id-BkT1dI5NRotWNSxyEvhuiTlLs2g"><strong>1. 什么是跟踪委托？</strong></h2><div class="ace-line ace-line old-record-id-RqAbd8wo8omDhXxSyFsu1bfSsAg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-LAWpdOHsVoOCcQxFFwYuE8nZsTe"><span style="font-size: 16px;">跟踪委托是一种跟踪市场价格的策略订单，允许用户在市场波动时，在距离市场价格特定百分比或差值的价格区间内预设委托。当市场行情发生反转回调时，跟踪委托会将交易者设定好的委托提交至市场。</span></div><div class="ace-line ace-line old-record-id-ZUD7dJajSoXEAzxSzHZupmEDshe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-P1pcdJPFIo6MgqxhT9WuDBYKscI"><span style="font-size: 16px;">当价格朝着有利方向变化时，跟踪委托会随之移动。只要价格向有利于交易者的方向发展，触发价格也会跟随变化，帮助用户在持续获利的同时锁定收益。同时，如果价格往相反方向移动达到特定的百分比，系统会自动以市价提交减仓或平仓委托，帮助用户在不利情况下限制损失并保护收益。</span></div><div class="ace-line ace-line old-record-id-J3Twd1UltoSEykxM4k1u1PmSsrb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-FaX0dXLtuou8Wdx7DAluAJ3Bs8f"><span style="font-size: 16px;">需要特别注意的是，跟踪委托不会往反方向移动，这是其区别于普通限价委托的核心特征。</span></div><div class="ace-line ace-line old-record-id-NGdjd5cVpoREGcxe40Gu06jksmh"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" class="ace-line ace-line old-record-id-NaoWdwMnhoQFDHxcXpXuyBWIsyc"><span style="font-size: 16px;">*BTN-<strong>开启合约交易</strong>&BTNURL=<a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDT">https://www.mexc.com/futures/BTC_USDT</a>*</span></div><div class="ace-line ace-line old-record-id-GVH7d8Oasop5l7x03r1uZzdbsvc"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-DuuZdFRs3o9SFLxCnqEuNEEzsNe"><strong>2. 跟踪委托的触发价格如何计算？</strong></h2><div class="ace-line ace-line old-record-id-Rq4JdopCBo8D4jxeFvouHZSLsOa"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-L8qBdBu0vojjwUxmGMSuxkxXsqd"><span style="font-size: 16px;">跟踪委托的触发价格计算方式取决于交易方向：</span></div><div class="ace-line ace-line old-record-id-Gd3pdb4kTolrmJxjhpMuFPxXshe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-MbaDd68KroXAaIxPHUhuZjsFsX8"><span style="font-size: 16px;">对于卖出方向，实际触发价格等于市场历史最高价减去回调幅度（价距），或市场历史最高价*（1 - 回调幅度百分比）。例如，历史最高价为 50,000 USDT，回调幅度设置为 5%，则触发价格为 50,000 *（1 - 5%），即 47,500 USDT。</span></div><div class="ace-line ace-line old-record-id-ViUbd9kwco208wx28wauaiTVs2g"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-AOJtdpE9IoNgemxKTUyupWKisTL"><span style="font-size: 16px;">对于买入方向，实际触发价格等于市场历史最低价加上回调幅度，或市场历史最低价*（1 + 回调幅度百分比）。例如，历史最低价为 20,000 USDT，回调幅度为 5%，则触发价格为 20,000 *（1 + 5%），即 21,000 USDT。</span></div><div class="ace-line ace-line old-record-id-Ro3xdZy1Xoud1sxClKTupShosCf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-LpKqdkLq7ouSvax5ttNuHSopsyb"><strong>3. 跟踪委托中的回调幅度是什么？</strong></h2><div class="ace-line ace-line old-record-id-PeHpdkUIzoufrwxQSFquM834sJc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Uh4DdvS52opg4hxc1juub0assOh"><span style="font-size: 16px;">回调幅度是计算实际触发价格的主要条件，用户可以选择通过【比例】或【价距】两种方式来设置。</span></div><div class="ace-line ace-line old-record-id-HZYhdogeVoIAglxYgK0ugJqdsWc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-EFtRd7OMWo5T6jxOXxYupOSKsah"><span style="font-size: 16px;">比例：假设历史最高价为 50,000 USDT，回调幅度设置为 5%，则触发价格为 50,000 *（1 - 5%）= 47,500 USDT。</span></div><div class="ace-line ace-line old-record-id-WBZQdC1opogvDHxI1hauBj8vsMh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TxYDdxBBholPjQx8PRTu5Cz4sIc"><span style="font-size: 16px;">价距：假设历史最高价为 50,000 USDT，回调幅度设置为 5,000 USDT，则触发价格为 50,000 - 5,000 = 45,000 USDT。</span></div><div class="ace-line ace-line old-record-id-IecWdRmc3o5GEVxbJpCuGx8PsVf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-UQ0tdsmu5o3FI7x5fExuw8wRsCf"><strong>4. 什么是跟踪委托的激活价格？</strong></h2><div class="ace-line ace-line old-record-id-S7p4dZa1VoVlIxxbH0NufTYnstf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-QP6Id5BKNoGPhQxcEuiueOM1stf"><span style="font-size: 16px;">激活价格是跟踪委托的激活条件，当指定价格类型（最新成交价、标记价格或指数价格）的价格达到或超过激活价格，委托被激活。只有激活后，系统才开始计算实际触发价格。</span></div><div class="ace-line ace-line old-record-id-IT1Idog7douzdExXJYoug1Qms8f"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-PS2pd5YRtoaXpOxp8MXu4qIysif"><span style="font-size: 16px;">如果不填写激活价格，委托在下单后就会立即被激活。设置激活价格可以帮助用户更精准地控制委托生效的时机，避免在不理想的价位触发订单。</span></div><div class="ace-line ace-line old-record-id-DfSGdn6d6oHHeHxWBFyuCuxDsqF"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-Sb0adTfIKo9W9mxppqAuXU1Ys6O"><strong>5. 跟踪委托适用于哪些交易场景？</strong></h2><div class="ace-line ace-line old-record-id-XnI9dfGCho5WMbxo0SauF5WFs8d"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-DlnDdtChLofp7KxLa2rucVYrsGc"><span style="font-size: 16px;">跟踪委托主要适用于以下几种交易场景：</span></div><div class="ace-line ace-line old-record-id-Ag0cddNWBoppKkxmSAeuSkaZsKd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-AaTwdIZMRorZzvxQJf4uWLOJsFf"><span style="font-size: 16px;">1）触底反弹买入。当用户预判市场将继续下跌但会在某个价位出现反弹时，可以设置跟踪委托在反弹达到一定幅度时自动买入。例如，当前 BTC 价格为 39,000 USDT，用户判断价格跌到 37,000 USDT 后可能反弹，希望在反弹幅度达到 1% 时买入，就可以设置激活价格为 37,000 USDT、回调比例为 1% 的买入跟踪委托。</span></div><div class="ace-line ace-line old-record-id-NdftdXs6loPDgjxcunVuQCnxsee"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RbEedDqKboj9yZxB3CIuuF5kstf"><span style="font-size: 16px;">2）冲高回落卖出。当用户预判市场将继续上涨但会在某个价位出现回落时，可以设置跟踪委托在回调达到一定幅度时自动卖出。例如，当前 BTC 价格为 40,000 USDT，用户判断上涨到 42,000 USDT 后可能回落，希望在下跌幅度达到 1% 时卖出，就可以设置激活价格为 42,000 USDT、回调比例为 1% 的卖出跟踪委托。</span></div><div class="ace-line ace-line old-record-id-NpQxdWaufoaTMJx7Gdgu9ebgsye"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-T0gAdCDs6ofSbExqRugubYGBssb"><span style="font-size: 16px;">3）锁定利润。当持有仓位的价格持续上涨时，跟踪委托可以帮助用户自动锁定利润，避免在价格回调时错过合适的平仓时机。</span></div><div class="ace-line ace-line old-record-id-QW2QdgpK4ohbUcxM7MvuB4EHsgb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-IBQNdVIpUohPrdxR5w9uUxTPsSg"><span style="font-size: 16px;">4）限制损失。在市场价格下跌时，跟踪委托可用于保护收益，防止因价格急剧回调导致损失扩大。</span></div><div class="ace-line ace-line old-record-id-WlY3dVNgHoaHM0xQJMauwq8fsWb"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-B9ZkdckXFokbeNxZZh2ukxM2sVf"><strong>6. 跟踪委托有哪些优势和劣势？</strong></h2><div class="ace-line ace-line old-record-id-Dlz7dSV8cowR6nxqTVxuvtnEsgc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-G3c4dYDyHokd06xY8aru2qxFson"><span style="font-size: 16px;">跟踪委托的主要优势在于收益模式的可控性以及交易模式的可复制性。它能够帮助交易者在波动行情中动态调整触发价格，既可以在有利行情中最大化利润，也可以在不利行情中有效控制损失。</span></div><div class="ace-line ace-line old-record-id-BoBDdUr8Co03WOxFdVvuDoZdsfe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-BMhodllzZotAkdxzcdZucKqwsPg"><span style="font-size: 16px;">跟踪委托的劣势在于加密货币市场波动巨大，回调比例的设置存在一定难度。如果回调幅度设置过小，可能导致正常的市场波动就触发委托，错失更大的盈利机会；如果设置过大，则可能无法及时止盈或止损。</span></div><div class="ace-line ace-line old-record-id-Hs5Dd8QD8oGDTPxjgocuNDngsTf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-CNCUdBhmwo1OE0xk2AtulEcvsl6"><strong>7. 如何在 MEXC 设置跟踪委托？</strong></h2><div class="ace-line ace-line old-record-id-NO3BdDRBjoia6nxIBAGuB4NBsve"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Z4OhdTOaxoRZHixZ3HnuwPCMsVd"><span style="font-size: 16px;">Web 端：进入<a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDT">合约交易</a>页面，选择【跟踪委托】-依次输入【回调幅度】和【数量】-选择设置【激活价格】-点击【开多】或者【开空】。</span></div><div class="ace-line ace-line old-record-id-N28ddCkhxoVSMxxQWAuuEsRbs7e"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-B4AbdBbxXomfVlxTQvquflUEs3c"><span style="font-size: 16px;">设置完成后，您可以在【当前委托】-【跟踪委托】列表中查看已设置的订单，并可随时进行修改或【撤销】操作。</span></div><div class="ace-line ace-line old-record-id-SWa9dtHs0o1ZRQxoWmHuGdErsbf"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-snapshot="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" data-suite="eyJmaWxlVG9rZW4iOiJXM0RuYmNsNGxvajF6Rnh0bmtvdVhGMWFzWGIiLCJvYmpUeXBlIjoiZG9jeCIsIm9ialRva2VuIjoiTHlrUmRjbnk0b0RYakN4RExrU3VRVUFSc3ZiIiwib3JpZ2luU3JjIjoiaHR0cHM6Ly9pbnRlcm5hbC1hcGktZHJpdmUtc3RyZWFtLmxhcmtzdWl0ZS5jb20vc3BhY2UvYXBpL2JveC9zdHJlYW0vZG93bmxvYWQvcHJldmlldy9XM0RuYmNsNGxvajF6Rnh0bmtvdVhGMWFzWGIvP3ByZXZpZXdfdHlwZT0xNiJ9" data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/W3Dnbcl4loj1zFxtnkouXF1asXb/?mount_node_token=LykRdcny4oDXjCxDLkSuQUARsvb&mount_point=docx_image" data-width="2938" data-height="1412" data-lark-image-uri="drivetoken://W3Dnbcl4loj1zFxtnkouXF1asXb" data-lark-image-width="2938" data-lark-image-height="1412" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-Nr6VdvYZQo87RhxaXAeu3P3AsCb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-XbqCdtwGLotLI7xP98Ju0XyXsIg"><span style="font-size: 16px;">App 端：进入合约交易页面，选择【跟踪委托】-依次输入【比例】（或【价距】）和【数量】-选择设置【激活价格】-点击【开多】或者【开空】。</span></div><div class="ace-line ace-line old-record-id-JolzdMrDXojzP4xCE14unZk0sVh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-I806dShR0o3oKxxbFQYusQYmsAP"><span style="font-size: 16px;">设置完成后，您可以在【当前委托】-【跟踪委托】列表中查看已设置的订单，并可随时进行修改或【撤销】操作。</span></div><div class="ace-line ace-line old-record-id-YqNFdUbZlo5htkxHlWYu1YC9sSh"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" data-ace-gallery-json="{"items":[{"uuid":"39f9e805-9da8-4bbb-aa0c-8ea5df9ca9bf","height":2166,"width":3129,"currHeight":2166,"currWidth":3129,"natrualHeight":2166,"natrualWidth":3129,"pluginName":"imageUpload","scale":1,"src":"https%3A%2F%2Finternal-api-drive-stream.larksuite.com%2Fspace%2Fapi%2Fbox%2Fstream%2Fdownload%2Fpreview%2FTy5ZbczRWoECX2xPS1WuCga2sIc%2F%3Fpreview_type%3D16","file_token":"Ty5ZbczRWoECX2xPS1WuCga2sIc","image_type":"image/png","size":1769802,"comments":[]}]}" class="image-uploaded gallery old-record-id-MbH9dogpZoEVZexS4GyuUF1pstc"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20260306174140406VMFiRgPCMirBc2.png" data-single-block="true" data-snapshot="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" data-suite="eyJmaWxlVG9rZW4iOiJUeTVaYmN6UldvRUNYMnhQUzFXdUNnYTJzSWMiLCJvYmpUeXBlIjoiZG9jeCIsIm9ialRva2VuIjoiTWJIOWRvZ3Bab0VWWmV4UzRHeXVVRjFwc3RjIiwib3JpZ2luU3JjIjoiaHR0cHM6Ly9pbnRlcm5hbC1hcGktZHJpdmUtc3RyZWFtLmxhcmtzdWl0ZS5jb20vc3BhY2UvYXBpL2JveC9zdHJlYW0vZG93bmxvYWQvcHJldmlldy9UeTVaYmN6UldvRUNYMnhQUzFXdUNnYTJzSWMvP3ByZXZpZXdfdHlwZT0xNiJ9" data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/Ty5ZbczRWoECX2xPS1WuCga2sIc/?mount_node_token=MbH9dogpZoEVZexS4GyuUF1pstc&mount_point=docx_image" data-width="3129" data-height="2166" data-lark-image-uri="drivetoken://Ty5ZbczRWoECX2xPS1WuCga2sIc" data-lark-image-width="3129" data-lark-image-height="2166" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-VDLKdZWn8oiAxjx6iimuOqRVsKh"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-Bx78do77CohlK1x2UC6uDZnds5b"><strong>8. 如何查看和编辑已设置的跟踪委托？</strong></h2><div class="ace-line ace-line old-record-id-FIXzdUwXYokRHmx4sRZuc6UysHf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Jpo6dTLBMoQudkxSCohuv7b0sWd"><span style="font-size: 16px;">在 MEXC 平台上，您可以在当前委托列表中，通过切换订单类型为【跟踪委托】来查看目前提交的所有跟踪委托订单。</span></div><div class="ace-line ace-line old-record-id-RmmgdB2APoJwQhxskvJullqmsmg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VT4YdgDMHo3jGlxoqLbuBTsisVg"><span style="font-size: 16px;">对于订单状态为【待触发】的跟踪委托，您可以点击编辑图标进行修改。需要注意的是，订单状态为【执行中】的跟踪委托正在追踪市场行情的变动，暂时无法编辑。</span></div><div class="ace-line ace-line old-record-id-HUc1dXKUeot4owxSQewuNr7JsTc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-KPfTdDydNoRkrrxABCJuKo2Esvd"><span style="font-size: 16px;">如需撤销跟踪委托，在跟踪委托页面点击删除图标即可【撤销】单个委托订单，点击【一键撤销】按钮可以撤销全部跟踪委托订单。</span></div><div class="ace-line ace-line old-record-id-MwfSd2kChoMShMxWzbZurmoEs0b"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" data-ace-gallery-json="{"items":[{"uuid":"fb7d05e6-75b0-4093-b15a-40cddf3050c7","height":306,"width":2316,"currHeight":306,"currWidth":2316,"natrualHeight":306,"natrualWidth":2316,"pluginName":"imageUpload","scale":1,"src":"https%3A%2F%2Finternal-api-drive-stream.larksuite.com%2Fspace%2Fapi%2Fbox%2Fstream%2Fdownload%2Fpreview%2FJJYZbjEbxo6CzpxwdfFubfDgsQb%2F%3Fpreview_type%3D16","file_token":"JJYZbjEbxo6CzpxwdfFubfDgsQb","image_type":"image/png","size":119867,"comments":[]}]}" class="image-uploaded gallery old-record-id-Re1LdGsblo3GjHxNabOuC9dFsWS"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202603061741391960KSr4My0KegmYC.png" data-single-block="true" data-snapshot="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" data-suite="eyJmaWxlVG9rZW4iOiJKSllaYmpFYnhvNkN6cHh3ZGZGdWJmRGdzUWIiLCJvYmpUeXBlIjoiZG9jeCIsIm9ialRva2VuIjoiUmUxTGRHc2JsbzNHakh4TmFiT3VDOWRGc1dTIiwib3JpZ2luU3JjIjoiaHR0cHM6Ly9pbnRlcm5hbC1hcGktZHJpdmUtc3RyZWFtLmxhcmtzdWl0ZS5jb20vc3BhY2UvYXBpL2JveC9zdHJlYW0vZG93bmxvYWQvcHJldmlldy9KSllaYmpFYnhvNkN6cHh3ZGZGdWJmRGdzUWIvP3ByZXZpZXdfdHlwZT0xNiJ9" data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/JJYZbjEbxo6CzpxwdfFubfDgsQb/?mount_node_token=Re1LdGsblo3GjHxNabOuC9dFsWS&mount_point=docx_image" data-width="2316" data-height="306" data-lark-image-uri="drivetoken://JJYZbjEbxo6CzpxwdfFubfDgsQb" data-lark-image-width="2316" data-lark-image-height="306" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-KI5sduNQmoKggLxeBUduWeoEs6f"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-A3BqdW2Ibo6tn5xP87yuyES0ssf"><span style="font-size: 16px;">推荐阅读：</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-U0yMdd9lyo59THxR7BhuFlP1sw8" data-list="bullet"><div><a data-lark-is-custom="true" href="https://www.mexc.com/support/article/mexc-futures-limit-order-faqs-318919712778827776" style="font-size: 16px;">MEXC 合约限价交易常见问题</a></div></li><li class="ace-line ace-line old-record-id-HWAVdk7XuoJZ9ZxrcWJutunSsAg" data-list="bullet"><div><a href="https://www.mexc.com/support/article/mexc-futures-market-order-faqs-318921954751756288" data-lark-is-custom="true" style="font-size: 16px;">MEXC 合约市价交易常见问题</a></div></li><li class="ace-line ace-line old-record-id-Wmztd33XVopPgWxCPdluCHx9sDc" data-list="bullet"><div><a href="https://www.mexc.com/support/article/mexc-futures-chase-limit-order-faqs-318923114392927232" data-lark-is-custom="true" style="font-size: 16px;">MEXC 合约追逐限价委托交易常见问题</a></div></li><li class="ace-line ace-line old-record-id-Mjm9ddA32ofNUzxxXJ6ur1xEsue" data-list="bullet"><div><a href="https://www.mexc.com/support/article/mexc-futures-trigger-order-faqs-318924677761021952" data-lark-is-custom="true" style="font-size: 16px;">MEXC 合约计划委托交易常见问题</a></div></li><li class="ace-line ace-line old-record-id-USCBd1SuLoOoPkx5chluuDlqs5d" data-list="bullet"><div><a href="https://www.mexc.com/support/article/mexc-futures-post-only-faqs-318928276943616000" data-lark-is-custom="true" style="font-size: 16px;">MEXC 合约只做 Maker 交易常见问题</a></div></li><li class="ace-line ace-line old-record-id-Im1SdRwu3o80Lxx85lLuEzYqsUh" data-list="bullet"><div><a href="https://www.mexc.com/support/article/faq-on-index-price-fair-price-and-last-price-7950960183961" data-lark-is-custom="true" style="font-size: 16px;">指数价格、合理价格和最新成交价常见问题解答</a></div></li></ul></div>

<div data-page-id="V7CzddUJboqppmxlYKsuFkcGsru" data-lark-html-role="root" data-docx-has-block-data="true"><h2 class="heading-2 ace-line old-record-id-GRwXdyMXlodo9wxwY5EuCLVUsGb"><strong>1. MEXC 合约交易手续费计算方法</strong></h2><div class="ace-line ace-line old-record-id-Cb1Pdqoz4oJ54QxCdMCu1DDDslf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VsvGdX7uPoNuSIxHIiJupD9EsYz"><span style="font-size: 16px;">MEXC 合约交易手续费根据成交方式分为 Taker（吃单）手续费和 Maker（挂单）手续费，计算公式如下：</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-Yxc5d74pVofuc2xjkhpuORFwsW8" data-list="bullet"><div><span style="font-size: 16px;">Taker 手续费 = 成交均价 × 张数 × 面值 × Taker 费率</span></div></li><li class="ace-line ace-line old-record-id-FypGdMgo4oxyZaxChF9uIMO5sof" data-list="bullet"><div><span style="font-size: 16px;">Maker 手续费 = 成交均价 × 张数 × 面值 × Maker 费率</span></div></li></ul><div class="ace-line ace-line old-record-id-BdUvdXyZBoLsJlxNE3NuBQn1syd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-I3DfdmsrVo2MRyxNasKu3spDs0e"><span style="font-size: 16px;">举例：假设您以 Taker 方式在价格 30000 USDT 买入 10000 张 BTCUSDT 合约（面值 0.0001 BTC），则手续费 = 30000 × 10000 × 0.0001 × 0.02% = 6 USDT。</span></div><div class="ace-line ace-line old-record-id-JQTQdBSmMoDFBex31pBuIdlcsJd"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-R4VedTrjposiIbxpIxYuYVROs9g"><strong>2. MEXC 合约资金费用计算与结算规则</strong></h2><div class="ace-line ace-line old-record-id-O46gdyrh2onjSZx2d2tuBjDGsfg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-G7t5dKBZQoSQgNx2k9HulUaasZg"><span style="font-size: 16px;">资金费用是永续合约特有的机制，用于平衡多空双方的持仓成本。计算公式为：</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-Xm1Dd1awHo9LW8xDf7Iuaarlswf" data-list="bullet"><div><span style="font-size: 16px;">资金费用 = 资金费率 × 仓位价值</span></div></li><li class="ace-line ace-line old-record-id-BHVBd4V7NoktbuxUAxau0nnbs4d" data-list="bullet"><div><span style="font-size: 16px;">仓位价值 = 合理价格 × 张数 × 面值</span></div></li></ul><div class="ace-line ace-line old-record-id-TcJ9dhAMposLsUxeHG7uyu5gshb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Ihw9dhxuPoOyBex6zYXuPpEus9c"><span style="font-size: 16px;">资金费用的收取或支付取决于两个因素：资金费率的正负以及您的持仓方向（多仓或空仓）。当资金费率为正时，多头支付给空头；当资金费率为负时，空头支付给多头。结算时，仓位价值按当前合理价格计算。</span></div><div class="ace-line ace-line old-record-id-Yj6IdX5hqoBtDmxTie6uuIbcsqe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-E84EdBwfcoNieQxwO3yuj4DDsUb"><span style="font-size: 16px;">举例：您持有 10000 张 BTCUSDT 多仓，当前合理价为 30000 USDT，资金费率为 +0.01%。资金费用 = 30000 × 10000 × 0.0001 × 0.01% = 3 USDT（您需要支付）。若资金费率为 -0.01%，则您将收取 3 USDT。</span></div><div class="ace-line ace-line old-record-id-GehtdcWLAo6lLSxy4VJuWaWxsuw"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-O3h6dn4T5oMAtNxJe9AuORc4sHh"><strong>3. MEXC 合约平仓盈亏计算公式</strong></h2><div class="ace-line ace-line old-record-id-MX0TdGxHUoYneQxOE0suBj2HsAh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-FHI2drtCrocDSNxVTMgu6JG1s2b"><span style="font-size: 16px;">用户总已实现盈亏 = 平仓盈亏 +（资金费用） -（开仓手续费） -（平仓手续费）</span></div><div class="ace-line ace-line old-record-id-ELFJdMtdxoQPzLxwDGYulOJQsKg"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-N81WdfBBMoXThTxourpusU9aspg"><span style="font-size: 16px;">3.1 U 本位合约平仓盈亏计算</span></h3><div class="ace-line ace-line old-record-id-VXU7doXvDo2RekxDDPIuOWiqs9g"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-CkCDdl0Zho8R7ixIVEMuzglvsdg"><span style="font-size: 16px;">多仓平仓盈亏 = (平仓价格 - 开仓均价) × 持仓数量 × 面值</span></div><div class="ace-line ace-line old-record-id-KgQcd7mmwoIRnUxNL4ruAvxjsiv"><span style="font-size: 16px;">空仓平仓盈亏 = (开仓均价 - 平仓价格) × 持仓数量 × 面值</span></div><div class="ace-line ace-line old-record-id-KpwOdzEhhoEE1BxlLD9udvTHsce"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NmS0duN3yo2VOdxLvituhIriskh"><span style="font-size: 16px;">举例：您在 28000 USDT 开多仓 5000 张 BTCUSDT 合约，在 30000 USDT 平仓。平仓盈亏 = (30000 - 28000) × 5000 × 0.0001 = 1000 USDT。</span></div><div class="ace-line ace-line old-record-id-NbYcdo5P0oyECwxsbRlupED0sWS"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-Cu6WdyipToiioyxXw2MumbWHsSf"><span style="font-size: 16px;">3.2 币本位合约平仓盈亏计算</span></h3><div class="ace-line ace-line old-record-id-AiEHdk3tBoZQU7xL2fqumICrsC3"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-KqD7d144ootcexxKQ95uSqLBsUh"><span style="font-size: 16px;">多仓平仓盈亏 = (1/开仓均价 - 1/平仓均价) × 持仓数量 × 面值</span></div><div class="ace-line ace-line old-record-id-SktNdrpq3oGUBaxgwH8uGlj0sXf"><span style="font-size: 16px;">空仓平仓盈亏 = (1/平仓均价 - 1/开仓均价) × 持仓数量 × 面值</span></div><div class="ace-line ace-line old-record-id-WHned6syxoq8tkxldPvu99MxsMd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-T780d2w4EoknGYxuvISuhh3Ysmh"><span style="font-size: 16px;">举例：您在 30000 USDT 开多仓 100 张币本位 BTC 合约（面值 100 USD），在 33000 USDT 平仓。平仓盈亏 = (1/30000 - 1/33000) × 100 × 100 = 0.0303 BTC。</span></div><div class="ace-line ace-line old-record-id-J2d5dGMB7oH9JsxRU3vu8cu2slb"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-SY8wdo8ceoBpP5x2Fk2ugmpQsef"><strong>4. MEXC 合约浮动盈亏（未实现盈亏）计算</strong></h2><div class="ace-line ace-line old-record-id-D7yRdhfagojBmBxLtNxuuA7usJc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-HqVcdCsdHoERdtxTHVKuIB5Gs7b"><span style="font-size: 16px;">浮动盈亏反映的是当前持仓的账面盈亏状态，计算时使用合理价格而非最新成交价。</span></div><div class="ace-line ace-line old-record-id-FQXwdAxMSoZA6gx6ksMuWRGDsRh"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-LYYGdGVk4on0OKxDmcAufk5Qsyd"><span style="font-size: 16px;">4.1 U 本位合约浮动盈亏</span></h3><div class="ace-line ace-line old-record-id-Eg1EdowZZohkRWxyGezuH8XNsIh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ZD2CdFkYpoW7RTxjxjPu8JTIsac"><span style="font-size: 16px;">多仓浮动盈亏 = (合理价格 - 开仓均价) × 持仓数量 × 面值</span></div><div class="ace-line ace-line old-record-id-MBbvdOZVtopkM2xUAOMu1QL5sne"><span style="font-size: 16px;">空仓浮动盈亏 = (开仓均价 - 合理价格) × 持仓数量 × 面值</span></div><div class="ace-line ace-line old-record-id-JJred5qjmoBkCpxLyPwub8FSszu"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-W6lZdtcFgomHWnxP8VXuKGhBsah"><span style="font-size: 16px;">4.2 币本位合约浮动盈亏</span></h3><div class="ace-line ace-line old-record-id-UzgcdGRZMoUQzQxHkvMuldNLs5c"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-JZS3dWzU8oXulfxR9EcuIKO0sud"><span style="font-size: 16px;">多仓浮动盈亏 = (1/开仓均价 - 1/合理价格) × 持仓数量 × 面值</span></div><div class="ace-line ace-line old-record-id-MGVCd3tPkogvjXxx2uyuzjK1sDd"><span style="font-size: 16px;">空仓浮动盈亏 = (1/合理价格 - 1/开仓均价) × 持仓数量 × 面值</span></div><div class="ace-line ace-line old-record-id-G5STdRO0HoXfekxfXKZuNzaYsTc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GC39dxvf2oLMaBxJQHSurNKBsFc"><span style="font-size: 16px;">举例：您持有 8000 张 ETHUSDT 多仓，开仓均价 2000 USDT，当前合理价 2200 USDT，面值 0.01 ETH。浮动盈亏 = (2200 - 2000) × 8000 × 0.01 = 16000 USDT。</span></div><div class="ace-line ace-line old-record-id-AxMpdEWwEoQqQSx0v6RuVhlxs1c"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-KokRdJCTZo88cYxwtVVuWdnGsM8"><strong>5. MEXC 合约收益率与保证金计算</strong></h2><div class="ace-line ace-line old-record-id-G9txduS01om6tDxSvfAutLuusTd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-MPiXd27Hvo4j3pxtexmug2mnsCc"><span style="font-size: 16px;">理解收益率和保证金的关系，有助于您更好地评估交易绩效和管理风险。</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-QCYhd2geboAzBhx3V3Wuxln2spW" data-list="bullet"><div><span style="font-size: 16px;">收益率 = 盈亏额 / 起始保证金</span></div></li><li class="ace-line ace-line old-record-id-IuMudp8tOojWKIx5RUWuwtiOspf" data-list="bullet"><div><span style="font-size: 16px;">起始保证金 = 仓位价值 × 起始保证金率</span></div></li><li class="ace-line ace-line old-record-id-VaUDdmKQUoWrbIxqD9luXgousyh" data-list="bullet"><div><span style="font-size: 16px;">起始保证金率 = 1 / 杠杆倍数</span></div></li></ul><div class="ace-line ace-line old-record-id-E6nVdqZuiouMXVxmo1FuGC6rs5d"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-AFBpdwdY5owbifx0X0CuPAVGsSb"><span style="font-size: 16px;">举例：您使用 10 倍杠杆开仓，仓位价值 10000 USDT。起始保证金率 = 1 / 10 = 10%，起始保证金 = 10000 × 10% = 1000 USDT。若盈利 500 USDT，收益率 = 500 / 1000 = 50%。</span></div><div class="ace-line ace-line old-record-id-SwPfdGjO4obrcQxIgGUusGMwsk5"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-Ma6IdyW0UoFid4xJULAubIByseb"><strong>6. MEXC 合约破产价格计算</strong></h2><div class="ace-line ace-line old-record-id-BaaLdmxuCofKX4xj9mSu0KTcstg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ClxdduMufon2JxxVBvduQ3QasJh"><span style="font-size: 16px;">破产价格是仓位保证金完全亏损时对应的价格，计算公式如下：</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-YqFbdsutaox89axXlSgu93Exscg" data-list="bullet"><div><span style="font-size: 16px;">多仓破产价 = (仓位价值 − 仓位保证金) / (张数 × 面值)</span></div></li><li class="ace-line ace-line old-record-id-W4NxdT3ozoMtOYxqm2uuTHOFs6b" data-list="bullet"><div><span style="font-size: 16px;">空仓破产价 = (仓位价值 + 仓位保证金) / (张数 × 面值)</span></div></li></ul><div class="ace-line ace-line old-record-id-SASbdfPgroTrKFx0QQHusquLs4h"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GIJxd76g4oYYgJxlJ59uYhF9sMb"><span style="font-size: 16px;">举例：您持有 10000 张 BTCUSDT 多仓，仓位价值 3000 USDT，仓位保证金 300 USDT，面值 0.0001。多仓破产价 = (3000 - 300) / (10000 × 0.0001) = 2700 USDT。</span></div><div class="ace-line ace-line old-record-id-R7RfdbsHIoRvLNxYZ96uVBwKsCb"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-NtwGd7FgWoFSiCxb5sYudQJosLc"><strong>7. MEXC 合约交易完整盈亏计算实例</strong></h2><div class="ace-line ace-line old-record-id-DiDDdg9vaopKywxqclcuJFBds2f"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-MEvZdG7EDoTKNfxAHF9u1JMGs4e"><span style="font-size: 16px;">以下通过一个完整案例，演示如何综合计算手续费、资金费用和平仓盈亏。</span></div><div class="ace-line ace-line old-record-id-QSEvdljAkoui55xM5qQuZtjAsDb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-F9KUdkqhyoyXWcxvxEHuY6lkszd"><span style="font-size: 16px;">假设某用户在 BTCUSDT 永续合约中进行以下操作：以 Taker 方式在 7000 USDT 价格买入 10000 张（多仓），Taker 费率 0.02%，Maker 费率 0%，资金费率 -0.025%（负值表示多头收取），当前合理价 7000 USDT，合约面值 0.0001 BTC。</span></div><div class="ace-line ace-line old-record-id-BJoLd69aqoiO3WxVrLcun6EIscf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ZOlmd7liKoZzQVxanx0uDny6s8f"><span style="font-size: 16px;">1）计算开仓手续费：7000 × 10000 × 0.0001 × 0.02% = 1.4 USDT</span></div><div class="ace-line ace-line old-record-id-FPO5d7SRgosi2OxmzOWutO6jsZb"><span style="font-size: 16px;">2）计算资金费用：7000 × 10000 × 0.0001 × (-0.025%) = -1.75 USDT（负值表示收入）</span></div><div class="ace-line ace-line old-record-id-Vt6RdtobnoqVrtxsBxsuysGwsTd"><span style="font-size: 16px;">3）假设在 8000 USDT 以 Taker 平仓，计算平仓盈亏：(8000 - 7000) × 10000 × 0.0001 = 1000 USDT</span></div><div class="ace-line ace-line old-record-id-QJyndLiFmoaMfkxuDdoucvGOslf"><span style="font-size: 16px;">4）计算平仓手续费：8000 × 10000 × 0.0001 × 0.02% = 1.6 USDT</span></div><div class="ace-line ace-line old-record-id-NxsHdCeKdo2A4TxqmSYuBevos9f"><span style="font-size: 16px;">5）计算总已实现盈亏：1000 + 1.75 - 1.4 - 1.6 = 998.75 USDT</span></div><div class="ace-line ace-line old-record-id-GlY7dmNJwoooS2xBRXSuXTpksfd"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-V0iudqWtIoPH7ex1zu9ustGkshc"><strong>8. MEXC 合约可开张数计算方法</strong></h2><div class="ace-line ace-line old-record-id-T9jQdX48ZogueNxcQRLuqizhsbe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-P70Hdv04QoYaY3x13BtuoCsVsCh"><span style="font-size: 16px;">在开仓前，了解可开张数的计算方法有助于您合理规划仓位。</span></div><div class="ace-line ace-line old-record-id-LTvudJbFPoK2J9xradAutwDRsoe"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-J7qKdLTGxoDAs5xfwMDuiX8rsjd"><span style="font-size: 16px;">8.1 U 本位合约可开张数</span></h3><div class="ace-line ace-line old-record-id-JVQKdQnsWokgwWxc8o2u4yxCs8e"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GrFzdXEtooQxEXx4jGmu3ssNsdb"><span style="font-size: 16px;">可开张数 = 起始保证金 × 杠杆倍数 / 面值 / 开仓价格</span></div><div class="ace-line ace-line old-record-id-XKMFdKIgHoZY7vx69iKuQgWssbb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-PmaSdYrd3oCp2axkZpsurSW7sWe"><span style="font-size: 16px;">举例：您有 1000 USDT 保证金，使用 20 倍杠杆，开仓价格 30000 USDT，面值 0.0001。可开张数 = 1000 × 20 / 0.0001 / 30000 = 6666.67 张。</span></div><div class="ace-line ace-line old-record-id-LDwOddBcPodMcaxHxT2updZVsDd"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-ObqodOa9eoho6pxztFfu4R5Rs5b"><span style="font-size: 16px;">8.2 币本位合约可开张数</span></h3><div class="ace-line ace-line old-record-id-M556dQkhto0UtQxcW2EuCzukssh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-D755d30WpoMLzKxMXa1uM1GLs1b"><span style="font-size: 16px;">可开张数 = 委托成本 × 杠杆倍数 × 开仓均价 / 合约面值</span></div><div class="ace-line ace-line old-record-id-Ecp8d0LMmoOBzXx3Uq4uLQsgsfe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-SVoQdQLkvoGmmHxtRzEuKT4UsVe"><span style="font-size: 16px;">举例：您有 0.1 BTC 作为保证金，使用 10 倍杠杆，开仓价格 30000 USDT，面值 100 USD。可开张数 = 0.1 × 10 × 30000 / 100 = 300 张。</span></div><div class="ace-line ace-line old-record-id-Ot00dlQZcoXENExdQUVuPOWisDh"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-SaF4dBmhjop5xgxF0fyuCO7Csvd"><strong>9. MEXC 合约开仓均价计算（加仓后）</strong></h2><div class="ace-line ace-line old-record-id-LcCkdFivOo6zSNxbcztuqpo3smc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GgzQdj1zJoVc2Sx4l5ZuExlgsde"><span style="font-size: 16px;">当您在已有持仓基础上加仓时，需要重新计算开仓均价。</span></div><div class="ace-line ace-line old-record-id-YG8bdfJODon2yxxrobZuC11Fs55"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-CZ5jdRpr9o5Yg4xLmVluaur5slh"><span style="font-size: 16px;">9.1 U 本位合约开仓均价</span></h3><div class="ace-line ace-line old-record-id-HeA7dvA2Po0hFox3W2MuiI44sIe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RX96dV3j6obzZbxxQ6zusVuGsVf"><span style="font-size: 16px;">新开仓均价 = (原持仓均价 × 原持仓量 + 新开仓价格 × 新开仓数量) ÷ (原持仓量 + 新开仓数量)</span></div><div class="ace-line ace-line old-record-id-WD6Jdw7dIokedjxnEizuZm1NsPd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-OAG3dcogLovgzZxVvqLuI2v5sVg"><span style="font-size: 16px;">举例：您原有 5000 张多仓，均价 29000 USDT，现在 31000 USDT 加仓 3000 张。新均价 = (29000 × 5000 + 31000 × 3000) ÷ (5000 + 3000) = 29750 USDT。</span></div><div class="ace-line ace-line old-record-id-YhCydmujNoIx9UxGYgLuz31fsEd"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-XokSd0K0MojZGnxggjJuMpiTs2d"><span style="font-size: 16px;">9.2 币本位合约开仓均价</span></h3><div class="ace-line ace-line old-record-id-QQ0uduoUWoH62IxTFPauTGBNs3c"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-HIWadtJ5Bo9Q3Wx5gRhuVJwmsAg"><span style="font-size: 16px;">新开仓均价 = (原持仓量 + 新开仓数量) ÷ (原持仓量/原持仓均价 + 新开仓数量/新开仓价格)</span></div><div class="ace-line ace-line old-record-id-BXeSdot2FoKwwvxtrNSu5EUVsjP"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-EDrZdHOR5oHj3rxiHLLucUh4sa4"><span style="font-size: 16px;">举例：您原有 100 张多仓，均价 30000 USDT，现在 32000 USDT 加仓 50 张。新均价 = (100 + 50) ÷ (100/30000 + 50/32000) = 30638.3 USDT。</span></div><div class="ace-line ace-line old-record-id-ViKsdDHMroSrOdxrI8qur2JYs8g"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-TahMdsdfcoXmyexj9DKuVSP5sCf"><strong>10. MEXC U 本位合约单位换算</strong></h2><div class="ace-line ace-line old-record-id-YWcBdadTVolTy2xqpTMuE73Asle"><span style="font-size: 16px;"><br></span></div><div><table class="ace-table" data-ace-table-col-widths="133;298;389" style="border:none;border-collapse:collapse;table-layout:fixed;width:500px;"><colgroup><col width="133"><col width="298"><col width="389"></colgroup><tbody><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-X6O0dproVoW7ZixEBrwuuNZ1sQf"><strong style="font-size: 16px;">情景</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-UXHndaqTfoaYhXxXC1iuof35scl"><strong style="font-size: 16px;">公式</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-C94udlnrfoclZTx2ZzWufo7ssxh"><strong style="font-size: 16px;">示例</strong></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-KJJUdmDT8oOHkHxlQbwu4kUosEm"><strong style="font-size: 16px;">张数 → USDT</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-BeQOdbaTCoX55txRRXCuVLdJs2d"><span style="font-size: 16px;">USDT = 张数 × 面值 × 当下最新价格</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-KzJ2dbrMFojVsrxhrhnuXIqosRb"><span style="font-size: 16px;">23405 张；最新价 = 27076.2</span></div><div style="text-align:center" class="ace-line ace-line old-record-id-QLe8dN3b8osXo0xyRwauEDovsjh"><span style="font-size: 16px;">USDT = 23405 × 0.0001 × 27076.2 = 63371.8461 USDT</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-OR0xdasP6oszR2xGVZRuT9sGsTh"><strong style="font-size: 16px;">USDT → 张数</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-MgLZdlejvoVGrsxwzAkuxAwes1f"><span style="font-size: 16px;">张数 = 持仓数量[USDT] / 当下最新价 / 面值</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-OCnVdkzWsoyVUdxu0vXuMDgasRe"><span style="font-size: 16px;">63371.8461 USDT；最新价 = 27076.2</span></div><div style="text-align:center" class="ace-line ace-line old-record-id-IIHUdo2EOo9nNMxLWT1uvhmosqg"><span style="font-size: 16px;">张数 = 63371.8461 / 27076.2 / 0.0001 = 23405</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-FeaBdFcb4oseGlxCdMPuRC3PsWg"><strong style="font-size: 16px;">张数 → 币种单位</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-JqMFdrisAoKslPxzWHGu0xR4sqb"><span style="font-size: 16px;">币种单位 = 张数 × 面值</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Homld0hjsoXkc6xN94AuKPjosBe"><span style="font-size: 16px;">183 张 → BTC = 183 × 0.0001 = 0.0183 BTC</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-O4cOdWPiEotZ5DxVBaJuDcDEs9e"><strong style="font-size: 16px;">币种单位 → 张数</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-GYVqd6QmeouotexKcsGuJiGYsEe"><span style="font-size: 16px;">张数 = 币种单位 / 面值</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Slb5dmPIRoiMgfxHuD3uzUelsid"><span style="font-size: 16px;">0.0183 BTC → 张数 = 0.0183 / 0.0001 = 183 张</span></div></td></tr></tbody></table></div><div class="ace-line ace-line old-record-id-L59UdKurVoAZINxaiaeuCVITs9d"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-PO8pdkBkIo61oJxjPJ5uHumIsJd"><strong>11. MEXC 币本位合约单位换算</strong></h2><div class="ace-line ace-line old-record-id-FXcpdE6yLohBzUx2FYTuTXYKsbg"><span style="font-size: 16px;"><br></span></div><div><table class="ace-table" data-ace-table-col-widths="152;246;422" style="border:none;border-collapse:collapse;table-layout:fixed;width:500px;"><colgroup><col width="152"><col width="246"><col width="422"></colgroup><tbody><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Q6SDdGYAMo0Ti9xNm7quJAqZsBe"><strong style="font-size: 16px;">情景</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-VZJddu4HIoQI67xGCAQu7PBgsDe"><strong style="font-size: 16px;">公式</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Ba4vdfs8zomBIQxKzxrucixes3f"><strong style="font-size: 16px;">示例</strong></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-GfpjdEh6soSCMsxG0cbuQc9ds7g"><strong style="font-size: 16px;">币种单位 → 张数</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Zq6wdn6uIomASixo6FOunrBysOh"><span style="font-size: 16px;">张数 = 币种数量 × 价格 / 面值</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-NAfOdOev6oyYXdxZAk9uc7sTsAe"><span style="font-size: 16px;">0.19 ETH → 张数 = 0.19 × 3100 / 10 = 58.9 张</span></div></td></tr></tbody></table></div><div class="ace-line ace-line old-record-id-UJandul7ioEnGOxhJ3rumixqspd"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-DWzUdqwJaoIXMpxqMcOuL1OYsth"><strong>12. MEXC 合约账户资产计算</strong></h2><div class="ace-line ace-line old-record-id-A5D8dlRUlofyaqxI8zjuL7Eisow"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-EFvddZpcgo1u5MxWfvyur9Nks8c"><span style="font-size: 16px;">了解账户各项资产的计算方式，有助于您更好地管理资金和控制风险。</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-WluddCN3rov0ooxMFKcuuAnPsYd" data-list="bullet"><div><span style="font-size: 16px;">钱包余额 = 体验金余额 + 净转入 + 已实现盈亏。</span></div></li><li class="ace-line ace-line old-record-id-JB4IdCUXloGAq2xjaA8uG5hNsRd" data-list="bullet"><div><span style="font-size: 16px;">可用余额 = 钱包余额 - 占用保证金 - 委托保证金。</span></div></li></ul><div class="ace-line ace-line old-record-id-O1cBdNgGlojpDsxQpuauVU5vsSb"><span style="font-size: 16px;">可用保证金根据是否支持滚仓而有不同计算方式：</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-OyfMdcQUNovou1xkS9Ru04Fjsdd" data-list="bullet"><div><span style="font-size: 16px;">不支持滚仓时，可用保证金 = 可用余额 - 浮动亏损；</span></div></li><li class="ace-line ace-line old-record-id-PC88d7vPpoO6e3xTnRDuzktesng" data-list="bullet"><div><span style="font-size: 16px;">支持滚仓时，可用保证金 = 可用余额 + 浮动盈亏。</span></div></li></ul><div class="ace-line ace-line old-record-id-GwGid6Sc3oDryfx40LKuzwKZsLe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VfufdZSfQobssyx9c7bu3RBisfe"><span style="font-size: 16px;">举例：您的钱包余额为 5000 USDT，占用保证金 2000 USDT，委托保证金 500 USDT，当前持仓浮动盈利 300 USDT。若支持滚仓，可用保证金 = (5000 - 2000 - 500) + 300 = 2800 USDT。</span></div><div class="ace-line ace-line old-record-id-MrFRdS9naot9aPx4lgtuhbYbs0f"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-KvdYdlw1ToAeMtxhLQsuBcVssOb"><span style="font-size: 16px;">推荐阅读：</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-FFWhdqBAMog16lxabunuHi5Zsae" data-list="bullet"><div><a data-lark-is-custom="true" href="https://www.mexc.com/support/article/mexc-margin-calculation-guide-312054740132052992" style="font-size: 16px;">MEXC 保证金计算指南：起始保证金、维持保证金与强平价格计算详解</a></div></li><li class="ace-line ace-line old-record-id-PmBRdYD8hoSqq6xbpkPuEjjJs8c" data-list="bullet"><div><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-the-mexc-app-305421274812529664" data-lark-is-custom="true" style="font-size: 16px;">如何在 MEXC App 进行合约交易</a></div></li><li class="ace-line ace-line old-record-id-T2didZqbzoz6ebxDWcXudAq9sSc" data-list="bullet"><div><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-mexc-web-305423980641926144" data-lark-is-custom="true" style="font-size: 16px;">如何在 MEXC Web 进行合约交易</a></div></li><li class="ace-line ace-line old-record-id-Uwn3dZIZioz4UFxNq7vuh3czs4b" data-list="bullet"><div><a href="https://www.mexc.com/support/article/mexc-futures-funding-rate-305432020820705280" data-lark-is-custom="true" style="font-size: 16px;">MEXC 合约资金费率完整指南：计算方法与查询教程</a></div></li><li class="ace-line ace-line old-record-id-Zcl2dhozLoSApfxRFpbunkx0sGh" data-list="bullet"><div><a href="https://www.mexc.com/support/article/futures-trading-page-terminology-guide-7951093588505" data-lark-is-custom="true" style="font-size: 16px;">合约交易页面名词解读</a></div></li></ul></div>

<div data-page-id="R0RudZDLXo4Z0Uxbl2QunCeDsqb" data-lark-html-role="root" data-docx-has-block-data="false"><div class="ace-line ace-line old-record-id-UVbcdCdbuo8KKDxVHwNuEjXxsnT"><span style="font-size: 16px;">在 MEXC 合约交易中，保证金是每位交易者必须掌握的核心概念。无论您是刚接触合约交易的新手，还是希望深入理解保证金计算方式的进阶用户，本文将为您详细解析 MEXC 平台的保证金计算公式、强平机制，以及如何有效管理仓位风险。</span></div><div class="ace-line ace-line old-record-id-MgJ4dmGh1oxno3xjLCKuc1zBs4e"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-V5t8dfPqIoFs9wxRhNSugRwjswb"><strong>1. 仓位价值：保证金计算的基础</strong></h2><div class="ace-line ace-line old-record-id-ScbKdmiHRonv0Nxzc7Fuwnw0sib"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-MaCQdSAPXobAIix7CnSuPFN1szc"><span style="font-size: 16px;">仓位价值是计算所有保证金的基础数据。在 MEXC 合约中，所有合约交易开仓均需要一定的保证金，而仓位价值决定了您需要投入多少资金。</span></div><div class="ace-line ace-line old-record-id-Prz6doZ9WomGG8xphW5uxnlfs3g"><span style="font-size: 16px;"><br></span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-StRwdChY4o4shAx9zRVuItcVsbg" data-list="bullet"><div><span style="font-size: 16px;">U 本位仓位价值 = 开仓价格 × 面值 × 张数</span></div></li><li class="ace-line ace-line old-record-id-WdevdBUZjo3FZhxDK7ruWqh7sMb" data-list="bullet"><div><span style="font-size: 16px;">币本位仓位价值 = 张数 × 面值/价格</span></div></li></ul><div class="ace-line ace-line old-record-id-GyKldkNmqotGmRxEqPfuTxwhssf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VhD0dRGmzoBygKxupIsuKMsdsGh"><span style="font-size: 16px;">举例：假设您以 50,000 USDT 的价格买入 100 张 BTC/USDT 永续合约（面值为 0.0001 BTC），则您的仓位价值 = 50,000 × 0.0001 × 100 = 500 USDT。</span></div><div class="ace-line ace-line old-record-id-X4vsdwe8eop0wjxinQgu8cxvsCf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-CTP0duCaGoA9Euxe9cNucq4hsLh"><strong>2. 起始保证金：开仓需要冻结多少资金</strong></h2><div class="ace-line ace-line old-record-id-RaEhdDQKao9aUcx5wu0uBKYysZe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-QUc4dazCeoLpCmxhCA1unUr3sCd"><span style="font-size: 16px;">起始保证金是您开仓时必须投入的最低资金。起始保证金率直接反映您使用的杠杆倍数，杠杆越高，所需起始保证金越低。</span></div><div class="ace-line ace-line old-record-id-ARHRd0NJVo3KGHxAlLRuDliRsug"><span style="font-size: 16px;"><br></span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-Q7t6dCSbXoJE0exiv3kuq5Shsjf" data-list="bullet"><div><span style="font-size: 16px;">起始保证金率 = 开仓仓位保证金 / 仓位价值</span></div></li><li class="ace-line ace-line old-record-id-IfBIdLx1toSDizxc7N1uDp24scg" data-list="bullet"><div><span style="font-size: 16px;">U 本位起始保证金 = 开仓均价 × 张数 × 面值 / 杠杆倍数</span></div></li><li class="ace-line ace-line old-record-id-UwuYdVEp8o7pzVxdPrRuTagds8f" data-list="bullet"><div><span style="font-size: 16px;">币本位起始保证金 = 张数 × 面值 / (开仓均价 × 杠杆倍数)</span></div></li></ul><div class="ace-line ace-line old-record-id-PhE4dygAnoapY3xx0pLuooMmsUd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Fpg3d5eH2oSV9mxtRAfuMEUfswb"><span style="font-size: 16px;">举例：您以 50,000 USDT 价格开仓 BTC/USDT 合约，仓位价值 500 USDT，使用 10 倍杠杆。起始保证金 = 500 / 10 = 50 USDT。这意味着您只需投入 50 USDT 即可控制价值 500 USDT 的仓位。</span></div><div class="ace-line ace-line old-record-id-DvbwdAEKpotjr3x4do6uEEiSsHf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-UnmddYr0Xo8QgVxxZ21u5NXOsDb"><strong>3. 维持保证金：避免强平的最低要求</strong></h2><div class="ace-line ace-line old-record-id-Ak8rdogcGoWsNWx6lNsuZ04csyf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VkwNdTBqqo2FgExI43ouWX2zsYw"><span style="font-size: 16px;">维持保证金是维持仓位所需的最低保证金要求。当您的账户保证金低于维持保证金水平时，将触发强平或部分强平。</span></div><div class="ace-line ace-line old-record-id-TqpldjYj5olATtx9hqbulMtDsZc"><span style="font-size: 16px;"><br></span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-TYL4ddfgNoni1Cx8G9SuDfsKsNf" data-list="bullet"><div><span style="font-size: 16px;">U 本位维持保证金 = 开仓均价 × 张数 × 面值 × 维持保证金率</span></div></li><li class="ace-line ace-line old-record-id-TXY5dse7goso7HxMyDIuyNWcszc" data-list="bullet"><div><span style="font-size: 16px;">币本位维持保证金 = 面值 × 张数/开仓均价 × 维持保证金率</span></div></li></ul><div class="ace-line ace-line old-record-id-DjWHdnsu9o8OU0x23jJuK1PasVb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-BJXsdY32XoUWLXxEKlmu8pTfsvh"><span style="font-size: 16px;">举例：假设您的仓位价值为 500 USDT，维持保证金率为 0.5%。维持保证金 = 500 × 0.5% = 2.5 USDT。只要您的仓位保证金加上未实现盈亏高于 2.5 USDT，仓位就能继续维持。</span></div><div class="ace-line ace-line old-record-id-DwAMd8sU2ozkIyxzk18uijdAsBb"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-U0xEdMZofoLXrHxFBWquoSrjsnh"><strong>4. 保证金比率：判断仓位风险的核心指标</strong></h2><div class="ace-line ace-line old-record-id-NobPdUOKwobwSbxZHoruouotskh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Kn7ody2I7odqJqxBlXKudw6es3d"><span style="font-size: 16px;">保证金比率是衡量仓位风险的关键指标。保证金比率越低，仓位风险越小；当保证金比率达到 100% 时，仓位将被强制平仓。</span></div><div class="ace-line ace-line old-record-id-X8vNdCHOXoavboxDtHTui0uesfg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-A1ZQdyV1jopnyhxNIfouwasZsfc"><span style="font-size: 16px;">保证金比率 = (维持保证金 + 强平手续费) / (仓位保证金 + 未实现盈亏)</span></div><div class="ace-line ace-line old-record-id-THuEdTcj5oDRBJxOGuZuA95Usef"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-THEdd3N2loLqv4xTb6Xu07mGsBd"><span style="font-size: 16px;">举例：您的维持保证金为 2.5 USDT，强平手续费为 0.5 USDT，仓位保证金为 50 USDT，当前浮亏 20 USDT（未实现盈亏 = -20）。</span></div><div class="ace-line ace-line old-record-id-G2hid9DahozXX4x1yRAuyvUssRf"><span style="font-size: 16px;">保证金比率 = (2.5 + 0.5) / (50 - 20) = 3 / 30 = 10%，此时风险较低。</span></div><div class="ace-line ace-line old-record-id-KtzRdd2i5o6c7OxmwpiuCdvrstd"><span style="font-size: 16px;">若浮亏增至 47 USDT，保证金比率 = 3 / 3 = 100%，将触发强平。</span></div><div class="ace-line ace-line old-record-id-CvshdkkE0otvTlxUKlzueIa4shL"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-YLdMdUge2oXejVx1387uWazWsMc"><strong>5. 开仓成本：总共需要冻结多少资产</strong></h2><div class="ace-line ace-line old-record-id-NMoMdrdDLoiZycxnaRauhlTDsFd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-JcTGda6B7oSioExXqCouRcPrsge"><span style="font-size: 16px;">开仓成本是开仓时总共需要冻结的资产，包括起始保证金和可能产生的手续费。手续费取决于订单执行后您是 Maker（挂单方）还是 Taker（吃单方）。</span></div><div class="ace-line ace-line old-record-id-XBokdrQq8okO01xOYWluk5M9sWg"><span style="font-size: 16px;"><br></span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-QkkgdfypSo44cex8WJeugeKWsOg" data-list="bullet"><div><span style="font-size: 16px;">开仓成本 = 起始保证金 + 可能的手续费（取决于订单执行后是否为 Maker / Taker）</span></div></li><li class="ace-line ace-line old-record-id-UXWodRpa9ouxOIx56wHuLdbaslc" data-list="bullet"><div><span style="font-size: 16px;">U 本位合约：委托成本 = 开仓均价 × 开仓数量 × 合约面值 / 杠杆倍数</span></div></li><li class="ace-line ace-line old-record-id-D9N4dDlcuoBoF1xzZgYuG1ejsca" data-list="bullet"><div><span style="font-size: 16px;">币本位合约：委托成本 = 开仓数量 × 合约面值 ÷ (杠杆倍数 × 开仓均价)</span></div></li></ul><div class="ace-line ace-line old-record-id-O8OtdBWWmo4m5ExKKnUuKes6sPX"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GsXsdGxuqo1GaSxXeZKu9tgBsxh"><span style="font-size: 16px;">举例：您以 10 倍杠杆开仓价值 500 USDT 的仓位，Taker 手续费率为 0.02%。起始保证金 = 50 USDT，预估手续费 = 500 × 0.02% = 0.1 USDT，开仓成本 = 50 + 0.1 = 50.1 USDT。</span></div><div class="ace-line ace-line old-record-id-UF0bd7SNeoabz6xfyvFu4f0OsZq"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-WK1SdLiWLoDw9ZxMQvOudOSDs3f"><strong>6. 仓位保证金：强平判断的关键数据</strong></h2><div class="ace-line ace-line old-record-id-T58XdYLSKosgn2xn7Zyu9Cxhsrf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-V92HdxvWgojftGxgVqRuHJz6sog"><span style="font-size: 16px;">仓位保证金是系统判断是否触发强平的重要依据。当仓位保证金加上浮动盈亏低于维持保证金时，将触发强制平仓。</span></div><div class="ace-line ace-line old-record-id-XbVOdd4iCoM8Y3xglmFu4QqtsTh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-FDubd6e8Xo2HvyxnCituWsBUske"><span style="font-size: 16px;">仓位保证金 = 开仓均价 × 数量 × 面值 ÷ 杠杆倍数</span></div><div class="ace-line ace-line old-record-id-A3u2d6McoozfakxIAVAuEon4sSh"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-F6vCdm6u6oSindx638Ou41NTsNb"><strong>7. 逐仓模式强平价格：精准计算爆仓点位</strong></h2><div class="ace-line ace-line old-record-id-DeipdWC5xoqXVhxyQEquiBk5sVe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-FLyhdnPR0ol0o3xIQPLuOTg5see"><span style="font-size: 16px;">在逐仓模式下，每个仓位的保证金相互独立。当某个仓位的保证金加浮动盈亏低于维持保证金时，该仓位将被强平。</span></div><div class="ace-line ace-line old-record-id-CTuWdqh9oodj7MxpkUjuAvIBs9s"><span style="font-size: 16px;"><br></span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-QIrXd5l0ho6dxNxRUPQuyoO6snd" data-list="bullet"><div><span style="font-size: 16px;">强平条件: 仓位保证金 + 浮动盈亏 ≤ 维持保证金</span></div></li><li class="ace-line ace-line old-record-id-KGpqdEZ6eo5RyoxJqQMu8ClGsIh" data-list="bullet"><div><span style="font-size: 16px;">多仓（做多）强平价 = (维持保证金 - 仓位保证金 + 开仓均价 × 数量 × 面值) / (数量 × 面值)</span></div></li><li class="ace-line ace-line old-record-id-GPvwdzb3xo05VcxoZRCurYS4sAN" data-list="bullet"><div><span style="font-size: 16px;">空仓（做空）强平价 = (开仓均价 × 数量 × 面值 - 维持保证金 + 仓位保证金) / (数量 × 面值)</span></div></li></ul><div class="ace-line ace-line old-record-id-EgGqdYTBFo8D7CxqajWujNHAsGf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-R7FtdWhlSoweKFxT3EmuznqQs7f"><span style="font-size: 16px;">举例：您以 50,000 USDT 做多 BTC，仓位价值 500 USDT，10 倍杠杆（仓位保证金 50 USDT），维持保证金 2.5 USDT，数量 × 面值 = 0.01 BTC。多仓强平价 = (2.5 - 50 + 500) ÷ 0.01 = 452.5 ÷ 0.01 = 45,250 USDT。即 BTC 价格跌至约 45,250 USDT 时，您的多仓将被强平。</span></div><div class="ace-line ace-line old-record-id-UODRdIuOeo46pWxMUNmuXssYsmf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-XK5idVB52onEjAx8qL9uByLusfb"><strong>8. 全仓模式保证金计算：与逐仓模式差异</strong></h2><div class="ace-line ace-line old-record-id-GzdZdASHyoWXHaxJxciuWtSIsiZ"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UQKhdQUeAoytRsxquzwu1kHYsgf"><span style="font-size: 16px;">全仓模式下，系统会将您账户中所有可用保证金作为仓位保证金，以降低被强平的风险。需要注意的是，某个仓位产生的亏损导致可用余额减少后，不会立即用作其他全仓仓位的保证金。</span></div><div class="ace-line ace-line old-record-id-XzlWdYvboobzstxPKyPuYPMcsHe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-WsUJdCfLHoNRECxnoT6uYuDKsag"><span style="font-size: 16px;">全仓模式特点：所有可用资金共同承担风险，适合对行情判断有较高把握的交易者；但一旦爆仓，损失可能涉及全部可用资金。</span></div><div class="ace-line ace-line old-record-id-CTZsdUfnnoOyuexSWeBuweZMseh"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-Fg4fdAFJOoS1CLxjNStuvWc5s3w"><strong>9. 自动追加保证金：仓位保护的最后防线</strong></h2><div class="ace-line ace-line old-record-id-PE8ddIScvouUeKxVUFLufzWMspe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TEwodxlWaoy5Utx3Kovu8SlMshc"><span style="font-size: 16px;">自动追加保证金功能可在仓位接近强平时，自动从可用余额中转入保证金，帮助您保护仓位、避免强制平仓。这是守护仓位的最后一道防线。</span></div><div class="ace-line ace-line old-record-id-EFpeds0d3o0AdQxFiH3uwNLYs8d"><span style="font-size: 16px;"><br></span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-Hjzdd9Hc8oyH7fx1yNDulTdeshc" data-list="bullet"><div><span style="font-size: 16px;">U 本位合约：每次自动追加保证金金额 = 开仓均价 × 合约面值 × 持仓数量 × 维持保证金率</span></div></li><li class="ace-line ace-line old-record-id-ARxode6kloqurrxlqt8ulLHUshd" data-list="bullet"><div><span style="font-size: 16px;">币本位合约：每次自动追加保证金金额 = 合约面值 × 持仓数量 × 维持保证金率 / 开仓均价</span></div></li></ul><div class="ace-line ace-line old-record-id-X08id3G6KoWcahxYjItubcgPsje"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GMgfddij5oXafwxJUizuPxo6soW"><span style="font-size: 16px;">举例：您持有 BTC/USDT 多仓，开仓均价 50,000 USDT，仓位价值 500 USDT，维持保证金率 0.5%。当触发自动追加时，系统每次追加 500 × 0.5% = 2.5 USDT。</span></div><div class="ace-line ace-line old-record-id-Cv7qdKAr4onCvnxVQdzuViYXsqh"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-FcUgdabuEoayvcxNoJMuzFeysGb"><strong>10. 保证金常见问题</strong></h2><div class="ace-line ace-line old-record-id-KCTHdbQpBoKssFxXhgWuCVKfsqe"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-GQl0dfNJxoUmDQxIHXiuYB6Vsac"><span style="font-size: 16px;">10.1 保证金不足会怎么样？</span></h3><div class="ace-line ace-line old-record-id-D5kHdacrmopD3sx9EVZubWB4sAe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-IY13dzZDLoiMfDxXyyQur4Bes1e"><span style="font-size: 16px;">当您的仓位保证金加上未实现盈亏低于维持保证金要求时，系统将触发强制平仓。在逐仓模式下仅平掉该仓位，在全仓模式下可能影响所有仓位。</span></div><div class="ace-line ace-line old-record-id-XKBvdA3ZxoGJPmx5q0juE8aVsNg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-EjYfdAxpFoXrJZxDPcxuyA3esNh"><span style="font-size: 16px;">举例：您开了一个 50 USDT 保证金的多仓，维持保证金为 2.5 USDT。当市场下跌导致浮亏达到 47.5 USDT 时，仓位保证金 + 未实现盈亏 = 50 - 47.5 = 2.5 USDT，刚好等于维持保证金，此时触发强平。</span></div><div class="ace-line ace-line old-record-id-Yb0ldZyomoqu9DxAVtOuXh47sYg"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-BDWrd6OtBo3leMxPHSSu0C5Rsvc"><span style="font-size: 16px;">10.2 如何降低保证金比率、减少爆仓风险？</span></h3><div class="ace-line ace-line old-record-id-GVKrdBh58oPIAlxsceDu0684sog"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-D4gWduo7UoHHghxCmLruL1tMsQh"><span style="font-size: 16px;">您可以通过以下方式降低风险：手动追加保证金、降低杠杆倍数、部分平仓减少仓位规模，或开启自动追加保证金功能。</span></div><div class="ace-line ace-line old-record-id-NJo3do81WoZ8IPxdwUmuhVVZspg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-DqmIdwUrcopKZtxoPG6uG6VTs6f"><span style="font-size: 16px;">举例：假设您当前保证金比率为 80%（接近强平），可以向仓位追加 20 USDT 保证金，将保证金比率降至约 50%，大幅降低爆仓风险。</span></div><div class="ace-line ace-line old-record-id-EoeGdU41qo2MTIxz8lfuvRPTsid"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-KrsKd6sRjoT5FrxGsDCuuvMosje"><span style="font-size: 16px;">10.3 逐仓和全仓保证金模式如何选择？</span></h3><div class="ace-line ace-line old-record-id-ZF4sdJdvMoAkoAxkTE7ui3qOs2g"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UyD3db41lof8Bcx4IWlusFIDseh"><span style="font-size: 16px;">逐仓模式适合希望隔离风险的用户，每个仓位独立核算，爆仓不影响其他仓位；全仓模式适合需要更大抗风险能力的用户，所有资金共同承担风险，但一旦爆仓损失更大。</span></div><div class="ace-line ace-line old-record-id-Lf7mdItazo73yixDHwyuQzyzsFd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UDgjdCeS6oj3gJx1xQjuPPrLs0c"><span style="font-size: 16px;">举例：您账户有 1000 USDT，开了 A、B 两个仓位各用 100 USDT 保证金。在逐仓模式下，A 仓位爆仓最多损失 100 USDT，B 仓位和剩余 800 USDT 不受影响；在全仓模式下，若 A 仓位持续亏损，系统会调用剩余 800 USDT 来维持仓位，极端情况下可能损失全部 1000 USDT。</span></div><div class="ace-line ace-line old-record-id-Tudid38H1o2yGUxg4K3uxoyPs0b"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-CZ3GdMI2DocNmoxuIh6uqdi5sHg"><span style="font-size: 16px;">10.4 保证金可以随时提取吗？</span></h3><div class="ace-line ace-line old-record-id-BrsQdwm91opnumxbv0IudVoLsLh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-MlIkdW32yoKeBQxmnMtu5sOxsJh"><span style="font-size: 16px;">未被仓位占用的可用保证金可以随时提取。但正在使用的仓位保证金必须在平仓后才能释放。</span></div><div class="ace-line ace-line old-record-id-TOGjd8xzOoB5KQxPJhiuyfnNs6f"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NMlHdAcV1og9k9xAiNRuovUvsdd"><span style="font-size: 16px;">举例：您账户总共有 500 USDT，其中 100 USDT 用作仓位保证金，400 USDT 为可用余额。此时您最多可提取 400 USDT，而 100 USDT 需要平仓后才能提取。</span></div><div class="ace-line ace-line old-record-id-W5nAd3s3Kotqn0x5ywCud5hZsfg"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-SZVhdV0CNofWpHxkyDRu7v3BsUh"><span style="font-size: 16px;">推荐阅读：</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-RGAGd6TUJoe7vExLaRNu2Kqzs0p" data-list="bullet"><div><a data-lark-is-custom="true" href="https://www.mexc.com/support/article/mexc-futures-calculation-guide-312060306409668608" style="font-size: 16px;">MEXC 合约计算指南：手续费、浮动盈亏、平仓收益公式详解</a></div></li><li class="ace-line ace-line old-record-id-DU8zdWn6Uo2JQAxxPEXuqgoAsjf" data-list="bullet"><div><a href="https://www.mexc.com/support/article/futures-trading-faq-305425827477864448" data-lark-is-custom="true" style="font-size: 16px;">合约交易常见 FAQ：新手入门必读的完整指南</a></div></li><li class="ace-line ace-line old-record-id-Qo5mdW8XWo68qjxtbq3uGWGcsjc" data-list="bullet"><div><a href="https://www.mexc.com/support/article/time-in-force-tif-for-futures-trading-305427906242034688" data-lark-is-custom="true" style="font-size: 16px;">合约交易生效时间完整指南</a></div></li><li class="ace-line ace-line old-record-id-HOEJdMsdWoBOw5xO339udjadsSx" data-list="bullet"><div><a href="https://www.mexc.com/support/article/faq-on-auto-deleveraging-adl-8127010829081" data-lark-is-custom="true" style="font-size: 16px;">自动减仓机制（ADL）常见问题解答</a></div></li><li class="ace-line ace-line old-record-id-QAozdGZ0Tob3kjxnziruCD3XsVc" data-list="bullet"><div><a href="https://www.mexc.com/support/article/faq-on-index-price-fair-price-and-last-price-7950960183961" data-lark-is-custom="true" style="font-size: 16px;">指数价格、合理价格和最新成交价常见问题解答</a></div></li></ul><div class="ace-line ace-line old-record-id-PCcYdTdASoNtk1xL0xnumlyHsuH"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ASs6dChCcok1vRxB7nwuVRMmssc"><span style="font-size: 16px;"><br></span></div></div>

<div data-page-id="DWncd1S2FohSjOxhbreuWbsesFh" data-lark-html-role="root" data-docx-has-block-data="true"><h2 class="heading-2 ace-line old-record-id-AMURdslFzogQfax8jqeuidPKswb"><strong>1. 什么是 U 本位合约？</strong></h2><div class="ace-line ace-line old-record-id-AEKjdfJGboYpWzxRCkMuaQgPsQg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GByjdS4QQoMW1Hxg2v6uWG30sGg"><span style="font-size: 16px;">U 本位合约，又称为正向合约，是指以 USDT、USDC 等稳定币进行计价和结算的合约类型。在 MEXC 平台上，U 本位合约采用 <a data-lark-is-custom="true" href="https://www.mexc.com/price/tether">USDT</a> 和 USDC 作为计价和结算货币。</span></div><div class="ace-line ace-line old-record-id-KMced1gYToeQWQxICq8uNvGlsGJ"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TatadEOXIoIV8PxcYdPudfZwshc"><span style="font-size: 16px;">以 USDT 或 <a data-lark-is-custom="true" href="https://www.mexc.com/price/USDC">USDC</a> 结算的最大优势在于交易者能够轻松以法币计算回报，使收益更加直观。例如，当你通过 U 本位合约获得 100 USDT 的利润时，你可以清楚地知道这大约等于 100 美元，无需进行复杂的换算。</span></div><div class="ace-line ace-line old-record-id-Q90Td02EnoBIPAxLW25ud07Gsjc"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-EhrodQzXQoj0sfxfeTourYFZsjd"><strong>2. 什么是币本位合约？</strong></h2><div class="ace-line ace-line old-record-id-MnjOdWIIlouwPyxQLzguetTfsbc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-JzgTdglgpoum4yxGdBEu8uXRsRg"><span style="font-size: 16px;">币本位合约，又称为反向合约，是指以对应的加密货币（如 <a data-lark-is-custom="true" href="https://www.mexc.com/price/BTC">BTC</a>、ETH、<a data-lark-is-custom="true" href="https://www.mexc.com/price/XRP">XRP</a> 等）进行结算的合约类型。交易者无需持有稳定币作为保证金，而是直接使用相应的加密货币。</span></div><div class="ace-line ace-line old-record-id-FAg7dUCscoEMobxGlbzuDkOxsIh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Bv5Sdt9JRoRN0ExWpI2uOjvTsSd"><span style="font-size: 16px;">目前 MEXC 提供 BTC 和 <a data-lark-is-custom="true" href="https://www.mexc.com/price/ETH">ETH</a> 等多种币本位合约产品。币本位合约的最大优势在于提高资金使用效率，在持有加密货币的同时，可以进行合约交易，无需将资产兑换成稳定币。</span></div><div class="ace-line ace-line old-record-id-YpcYdYUdro1R3CxvyuUuTosysyc"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-I5vBd8CbhoSFTZx5l4Pu55WBsYg"><strong>3. U 本位合约与币本位合约有什么区别？</strong></h2><div class="ace-line ace-line old-record-id-ZM2IdIkwNoNe6uxCt0xuiLDosBd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-DNJWduErHog2AbxEve7uzZGrspC"><span style="font-size: 16px;"><strong>结算单位</strong>：U 本位合约统一使用 USDT、USDC 等稳定币进行结算，而币本位合约则采用多币种结算，如 BTC、ETH 等。</span></div><div class="ace-line ace-line old-record-id-Z12jdO30ZoTX2MxBwS3ueQsHsvf"><span style="font-size: 16px;"><strong>保证金</strong>：U 本位合约要求以 USDT、USDC 等稳定币作为保证金，币本位合约则允许使用 BTC、ETH 等多种加密货币作为保证金。</span></div><div class="ace-line ace-line old-record-id-BOa1dQ09woC7sGxjdHfutiDIsee"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-M22vdLznWoPHO4xDdZTuffRYsxh"><span style="font-size: 16px;">值得注意的是，两种合约在持有时间和杠杆类型上保持一致：均无持仓时间限制，且都支持逐仓和全仓两种杠杆模式。这为交易者提供了多样化的选择空间。</span></div><div class="ace-line ace-line old-record-id-WTqTdSmH4oqQjTx2HZ9uk8YrsHg"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-HuPodPC02oMlJKxIPQKuFGlismc"><strong>4. 选择 U 本位合约有哪些好处？</strong></h2><div class="ace-line ace-line old-record-id-VHeCdL5HVo8ba1xjeeduCQFRsfe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UqPnd02Mmoc3KJxJ71juhsfDsNd"><span style="font-size: 16px;">当你除了持有稳定币外没有持有其他加密资产时，U 本位合约可能是更好的选择。MEXC 的 U 本位合约市场提供上百种合约交易对，最高可达 500 倍杠杆，交易者可以通过合理运用杠杆尝试赚取更高的收益。</span></div><div class="ace-line ace-line old-record-id-TU32dVt0poXYyYxGlMDukUvLs0Y"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-HxJwd04nzolFxexQITeu9TafsXc"><span style="font-size: 16px;">U 本位合约的另一个重要优势是收益计算更加直观。由于稳定币价值与美元挂钩，交易者可以更清晰地了解自己的实际盈亏情况，便于进行风险管理和资金规划。</span></div><div class="ace-line ace-line old-record-id-V76TdUBYEoVrd4xtYSiuwupYsLf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-FVqhdq7x9olTOwxUChSuE8JYsKf"><strong>5. 选择币本位合约有哪些好处？</strong></h2><div class="ace-line ace-line old-record-id-GL7pdXJLBoMhNfxPOXtuumIpsqb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-MhYFdy9xRouky9xADLcuTLttsDf"><span style="font-size: 16px;">对于加密货币资产的长期持有者来说，币本位合约具有极大的吸引力。加密货币持有者不需要将任何资产兑换成稳定币，就可以在 MEXC 币本位合约市场进行对冲和交易，避免了因兑换而可能产生的损失。</span></div><div class="ace-line ace-line old-record-id-GLF7dOgT8oYdYNx2gDouA12vseg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NYrKdqXvNojCCNxWtuSuzhp7sbg"><span style="font-size: 16px;">当牛市来临时，由于币本位合约以币结算，任何盈利都会直接转化成加密货币长期持仓。这为用户长期增持所看好的加密货币提供了绝佳的方式，有助于实现资产的增值和保值。</span></div><div class="ace-line ace-line old-record-id-WaNDd9ifgoCtRxxYTlhuho15szh"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-NsTUdayV1oIiszxEZBZuYf0Tsff"><strong>6. U 本位和币本位哪个风险更大？</strong></h2><div class="ace-line ace-line old-record-id-ZuSTd75Dho22TkxpYBOukDHDsFd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VwdMdXnq2oGjIFxKYFtuc22wsOd"><span style="font-size: 16px;">币本位合约因币价波动而面临“双重风险”，但同样也可获取更高的涨幅红利。当做多时，如果判断正确，币本位合约不仅能从合约交易中获利，还能享受持仓加密货币的价格上涨收益。</span></div><div class="ace-line ace-line old-record-id-A5E9djsQeo19IdxuEiJuthYPs35"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Cbtod0BDqoPaCyxpy70uFsC1sch"><span style="font-size: 16px;">相比之下，U 本位合约更适合控制风险，因为盈亏以稳定币计算更加明确。对于风险承受能力较低或希望锁定收益的交易者来说，U 本位合约是更稳健的选择。</span></div><div class="ace-line ace-line old-record-id-MVFKdWDxLoIZPMx2IkTuybefs2e"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-IBQLdaIz8oDxSWxiTDsuy9HMsch"><strong>7. 可以在 U 本位和币本位之间随时切换吗？</strong></h2><div class="ace-line ace-line old-record-id-H6RZdPgUqoleHOxbFCHuZtFssnc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GMBTdeKK7o2XzDxrJoqu8wH5s7e"><span style="font-size: 16px;">交易者可以自由选择交易对，在 U 本位合约和币本位合约之间进行切换。但需要特别注意的是，仓位之间无法直接转换，如需切换合约类型，必须手动平仓后再重新开仓。</span></div><div class="ace-line ace-line old-record-id-RnDUdIkkZooQZEx0vBhu3IgmsC8"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-SgiTdlaHso6vB3x6xyjuHORFsec"><span style="font-size: 16px;">在 MEXC 平台上，目前提供上百种 U 本位合约和 BTC、ETH 等数十种币本位合约供交易者选择，满足不同的交易需求和策略偏好。</span></div><div class="ace-line ace-line old-record-id-WyoYdlheXoYAtyxm5GPucGYVskg"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-Hes4dTGAKoB4hrxPG8quwVp1sZg"><strong>8. 如何在交易平台设置 U本位或币本位合约？</strong></h2><div class="ace-line ace-line old-record-id-PXZjdnD7LouoJkx9MT9uSJQ9sSe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-SRgadFp8GouRrxx8Zvpu1crhspc"><strong style="font-size: 16px;">Web：</strong></div><div class="ace-line ace-line old-record-id-FllsdigWVohXFOxpEEYuFdVhs0f"><span style="font-size: 16px;">1）MEXC <a data-lark-is-custom="true" href="https://www.mexc.com/">官网</a>→导航栏【合约】→选择【<a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDT">USDT 本位合约</a>】/【<a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDC">USDC 本位合约</a>】或【<a data-lark-is-custom="true" href="https://www.mexc.com/futures/coin-m/BTC_USD">币本位合约</a>】。</span></div><div class="ace-line ace-line old-record-id-Xh6jdvXHToSzZmxBcG8uWGQlsGh"><span style="font-size: 16px;">2）在<a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDT">合约交易</a>页面→点击交易币对旁边的下拉按钮→选择【USDT 本位合约】/【USDC 本位合约】或【币本位合约】。</span></div><div class="ace-line ace-line old-record-id-WunTdZgzcozWQIxX9HSuC1VJsif"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-suite="eyJmaWxlVG9rZW4iOiJDQ1hTYnkzOTlvZVJsZnhudks3dWU5QldzU2IiLCJvYmpUeXBlIjoiZG9jeCIsIm9ialRva2VuIjoiTVRrOWRnTUh3b04xWXd4ZDdFUHVxVkVmc0doIiwib3JpZ2luU3JjIjoiaHR0cHM6Ly9pbnRlcm5hbC1hcGktZHJpdmUtc3RyZWFtLmxhcmtzdWl0ZS5jb20vc3BhY2UvYXBpL2JveC9zdHJlYW0vZG93bmxvYWQvcHJldmlldy9DQ1hTYnkzOTlvZVJsZnhudks3dWU5QldzU2IvP3ByZXZpZXdfdHlwZT0xNiJ9" data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/CCXSby399oeRlfxnvK7ue9BWsSb/?mount_node_token=MTk9dgMHwoN1Ywxd7EPuqVEfsGh&mount_point=docx_image" data-width="1169" data-height="2427" data-lark-image-uri="drivetoken://CCXSby399oeRlfxnvK7ue9BWsSb" data-lark-image-width="1169" data-lark-image-height="2427" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 300px;"></div><div class="ace-line ace-line old-record-id-Wqcpd9sREoBqOdxJfdgu6pm4sxd"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-PCI0dAm7GoCv9axkmXFuMOxEsIg"><span style="font-size: 16px;">推荐阅读：</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-CUPXduJeRobZgGxcYQluJh9Cskf" data-list="bullet"><div><a data-lark-is-custom="true" href="https://www.mexc.com/support/article/futures-trading-faq-305425827477864448" style="font-size: 16px;">合约交易常见FAQ：新手入门必读的完整指南</a></div></li><li class="ace-line ace-line old-record-id-T8SgdXJ73oIi6QxtzvVu5dIYs1e" data-list="bullet"><div><a href="https://www.mexc.com/support/article/futures-trading-page-terminology-guide-7951093588505" data-lark-is-custom="true" style="font-size: 16px;">合约交易页面名词解读</a></div></li><li class="ace-line ace-line old-record-id-FKDydXZWSocBxcxDxlvuNzxhs3c" data-list="bullet"><div><a href="https://www.mexc.com/support/article/a-complete-guide-to-futures-information-terminology-305436590665908224" data-lark-is-custom="true" style="font-size: 16px;">一文解读合约信息名词</a></div></li><li class="ace-line ace-line old-record-id-UkqTdfJWYoTtjHxdi68uNTuCs0f" data-list="bullet"><div><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-the-mexc-app-305421274812529664" data-lark-is-custom="true" style="font-size: 16px;">如何在 MEXC App 进行合约交易</a></div></li><li class="ace-line ace-line old-record-id-H5ted75B7oDstexZjxLusL6bs0d" data-list="bullet"><div><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-mexc-web-305423980641926144" data-lark-is-custom="true" style="font-size: 16px;">如何在 MEXC Web 进行合约交易</a></div></li></ul><div class="ace-line ace-line old-record-id-FeK8dax5QoeLabx8CgfuJColsub"><br></div></div>

<div data-page-id="HTwXdnVyeo8kHSxPJnLufaCfsNc" data-lark-html-role="root" data-docx-has-block-data="true"><h2 class="heading-2 ace-line old-record-id-NpxGdOoTgoUGdsxUN3kuSBqTs88"><strong>1. 什么是单向持仓和双向持仓？</strong></h2><div class="ace-line ace-line old-record-id-VQp3dwMIoozYQYxuSJlueatmsfb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-OiLsdIPMnoJKrGxEgKEuQvVvsnf"><span style="font-size: 16px;">在加密货币合约交易中，单向持仓模式意味着在同一合约交易对下只能持有单一方向的仓位，不能同时持有多头和空头仓位。</span></div><div class="ace-line ace-line old-record-id-X0OXdiii5oHTRqxSHS0uolsfsrf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NIzwdzzxEokcTmxkegFu5PVNsHf"><span style="font-size: 16px;">双向持仓模式允许在同一合约交易对下同时持有多头和空头仓位，使交易者能够同时在两个方向上建立头寸。系统会分别记录这些仓位，每个方向的盈亏（PNL）也会独立计算。</span></div><div class="ace-line ace-line old-record-id-Bh9YdgN8Mor16oxp1dDuNg4esub"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-CWNkdFEUUok98XxRC8FudLiuseb"><strong>2. 单向持仓模式的特点</strong></h2><div class="ace-line ace-line old-record-id-YnkZdHQlVoaT6wxirNRuc4fQsBj"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-L1T5dEACtoEtvsxVGtQuVgT3sUf"><span style="font-size: 16px;"><strong>仅允许单一方向持仓</strong>：交易者一次只能持有单一方向的仓位，如果下达相反方向的订单，系统会自动抵消现有仓位。</span></div><div class="ace-line ace-line old-record-id-DIrOdJoTzotJpCxFfHAunm1YsUA"><span style="font-size: 16px;"><strong>简化交易策略</strong>：专注于单一的市场判断，使交易者能够形成更清晰、更直接的策略。</span></div><div class="ace-line ace-line old-record-id-MJ5Md3GtookiBlxwQDJutGKdsTB"><span style="font-size: 16px;"><strong>适合快速进出场</strong>：允许交易者更快速地进出市场。无需先平掉相反方向的仓位，加快订单执行速度。</span></div><div class="ace-line ace-line old-record-id-U5TNdYNd0oxc4JxiKBGuVc2CsSb"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-GNULdWA2lon5vrx9zezueZuqs7c"><strong>3. 双向持仓模式的特点</strong></h2><div class="ace-line ace-line old-record-id-U0qadcwxxooyiYxzwBnuwh5As5d"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-SBfadnbnBocSeqxOXMruXL1JsVc"><span style="font-size: 16px;"><strong>能够同时持有双向仓位</strong>：在双向持仓模式下，交易者可以在同一交易对上同时持有多头和空头仓位。</span></div><div class="ace-line ace-line old-record-id-U7CbdXbMzomn7axcuTBuH0OCsbe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-YBEFdqoWXotKzTxT6D9us3oWsRg"><span style="font-size: 16px;"><strong>灵活的交易策略</strong>：双向持仓模式提供了更大的灵活性，使交易者能够根据市场状况和策略平衡多空仓位或调整敞口。</span></div><div class="ace-line ace-line old-record-id-RwnfdZOajocD9kxsyNvuHuThskf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-OTnsdLzopojCpWx1RQuu01PTsvs"><span style="font-size: 16px;"><strong>风险对冲</strong>：通过同时维持多头和空头仓位，交易者可以对冲市场不确定性和波动性，有助于降低整体敞口并最小化突然价格波动的影响。</span></div><div class="ace-line ace-line old-record-id-BdHsdWhZ4o7keYxQ5Ewu14eEsfg"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-N3eRdaHUWolhSFxfIXRuc1t2s8e"><strong>4. 单向持仓和双向持仓的区别对比</strong></h2><div class="ace-line ace-line old-record-id-Z4f9deMrDomOiXx9u6vu5sf6ssc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-CWsNdNgaRoEkChxCsbiu6RPVsng"><span style="font-size: 16px;"><strong>仓位方向：</strong>单向持仓只能选择做多或做空一个方向，双向持仓可以同时持有多头和空头仓位。</span></div><div class="ace-line ace-line old-record-id-XrrCdAjSjoN8q4xaAaAuGItGsyb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RckfdcG7to7jCwxdP4AuDS9ms17"><span style="font-size: 16px;"><strong>策略复杂度：</strong>单向持仓逻辑清晰、操作简单、仓位管理直观，降低了操作失误的风险。双向持仓仓位管理更复杂，需要交易者管理两个独立仓位的保证金和风险。</span></div><div class="ace-line ace-line old-record-id-PXbpdtcGgoLvwlx9ldzuPWdrsfb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-OagCdTZCroaeMFxmXwquXmM0sZc"><span style="font-size: 16px;"><strong>灵活性：</strong>单向持仓灵活性有限，不允许需要同时持有多空仓位的对冲策略。双向持仓提供高度的策略灵活性，对于对冲和锁定利润等高级策略至关重要。</span></div><div class="ace-line ace-line old-record-id-OzemdKbAdo84TTxCXUouh5dOszh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-QX1NdzBQboNqVoxsASauVyNjsOc"><span style="font-size: 16px;"><strong>进出场速度：</strong>单向持仓进出场更快速，双向持仓在执行复杂策略时可能需要更多步骤。</span></div><div class="ace-line ace-line old-record-id-Mpzddq0QSo4VFOxaC2wuAiZdsTb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NtVfdxwk6oe1EZxasxNuqcwFskc"><span style="font-size: 16px;"><strong>风险特征：</strong>单向持仓风险和收益集中于单一方向。双向持仓可以通过双向持仓分散风险，但同时也需要更高的资金管理能力。</span></div><div class="ace-line ace-line old-record-id-LgzFdiTp3okyg7xufltuAqWus7e"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-WXJYdXvUboSGTuxcXybusVf4sXc"><strong>5. 单向持仓和双向持仓的适用场景</strong></h2><div class="ace-line ace-line old-record-id-ZCSDdIqYVoxgUvx5VHFu1faksab"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-HBzCdlxBSo74nexKM9du89KGs7e"><span style="font-size: 16px;"><strong>单向持仓适用场景</strong>：适合新手交易者、趋势跟踪交易者以及偏好简单直接仓位管理的投资者。当交易者对市场有明确的方向性判断时，单向持仓能够让他们更专注地执行交易策略。</span></div><div class="ace-line ace-line old-record-id-AFJmdCXZLo3geXx5JqRuR75TsTf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Eu5udTWM4oqRWTxdfAgu77OIs2f"><span style="font-size: 16px;"><strong>双向持仓适用场景</strong>：适合经验丰富的专业交易者、套利者以及需要管理长期仓位风险的投资者。当市场方向不明确或波动剧烈时，交易者可以利用双向持仓进行对冲，通过同时开立多头和空头仓位来捕捉市场的两种可能走势。</span></div><div class="ace-line ace-line old-record-id-RTu9dum1UoPQDpxem1KunMlGsDc"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-DNazdlIBJoCyZbx4eXCuMz6Wswg"><strong>6. 如何在 MEXC 设置单向持仓和双向持仓</strong></h2><div class="ace-line ace-line old-record-id-DkWBdpTRfotIlsxu6wEuijEzsGb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RBZBdtISnopiwix83Zou6cL4sHb"><span style="font-size: 16px;"><strong>Web</strong>：MEXC 【<a data-lark-is-custom="true" href="https://www.mexc.com/">官网</a>】→【<a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDT">合约交易</a>】→【⚙️】按钮→【仓位模式】→选择【双向持仓】或【单向持仓】。</span></div><div class="ace-line ace-line old-record-id-Rl64doHxKosQbjxJf02ufoQws8e"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" data-ace-gallery-json="{"items":[{"uuid":"577d6448-3ae5-4f03-8693-8cb92e5bd7b5","height":1396,"width":2002,"currHeight":1396,"currWidth":2002,"natrualHeight":1396,"natrualWidth":2002,"pluginName":"imageUpload","scale":1,"src":"https%3A%2F%2Finternal-api-drive-stream.larksuite.com%2Fspace%2Fapi%2Fbox%2Fstream%2Fdownload%2Fpreview%2FTVE1bl3KDoDU5XxWFy5uFzZdsTe%2F%3Fpreview_type%3D16","file_token":"TVE1bl3KDoDU5XxWFy5uFzZdsTe","image_type":"image/png","size":303456,"comments":[]}]}" class="image-uploaded gallery old-record-id-Wi9JdaUk8ownaFx9UtGuZvHLsch"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20260220141141384JxKOqsIXeS2jxm.png" data-single-block="true" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/TVE1bl3KDoDU5XxWFy5uFzZdsTe/?mount_node_token=Wi9JdaUk8ownaFx9UtGuZvHLsch&mount_point=docx_image" data-width="2002" data-height="1396" data-lark-image-uri="drivetoken://TVE1bl3KDoDU5XxWFy5uFzZdsTe" data-lark-image-width="2002" data-lark-image-height="1396" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-Vy9bdQSvboThBlxkoqdudPR5sVh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-XzaKdR8kloPWzfxdyANuA2rosPh"><span style="font-size: 16px;"><strong>App</strong>：MEXC App →【合约】→【...】→【偏好设置】→【仓位模式】→选择【双向持仓】或【单向持仓】。</span></div><div class="ace-line ace-line old-record-id-Ryn7dmLnLoUlk8xydYduxDQmseh"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-snapshot="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" data-suite="eyJmaWxlVG9rZW4iOiJGd2lFYmo4OXFvYmZGMnhlSTE5dUM3WGZzcGUiLCJvYmpUeXBlIjoiZG9jeCIsIm9ialRva2VuIjoiUGlqNGRkSmswb3FZdFl4Y2RzSXUzSDQ2c2loIiwib3JpZ2luU3JjIjoiaHR0cHM6Ly9pbnRlcm5hbC1hcGktZHJpdmUtc3RyZWFtLmxhcmtzdWl0ZS5jb20vc3BhY2UvYXBpL2JveC9zdHJlYW0vZG93bmxvYWQvcHJldmlldy9Gd2lFYmo4OXFvYmZGMnhlSTE5dUM3WGZzcGUvP3ByZXZpZXdfdHlwZT0xNiJ9" data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/FwiEbj89qobfF2xeI19uC7Xfspe/?mount_node_token=Pij4ddJk0oqYtYxcdsIu3H46sih&mount_point=docx_image" data-width="6030" data-height="2486" data-lark-image-uri="drivetoken://FwiEbj89qobfF2xeI19uC7Xfspe" data-lark-image-width="6030" data-lark-image-height="2486" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-Bst4dR8s5oivD2xqYyXuCdSEslb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TPUVdEPeTov0Q0x95PSuyixCsvd"><span style="font-size: 16px;">需要注意的是，如果您目前正在挂单或者已经持仓，不允许修改仓位模式，您需要请先撤单或平仓，随后进行仓位模式修改。</span></div><div class="ace-line ace-line old-record-id-OFj1dApS8oGAEExUkb7uFHNusRd"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-SOI9ddloro8L3pxNXlIu0w53sUc"><strong>7. 单向持仓和双向持仓的哪个更好</strong></h2><div class="ace-line ace-line old-record-id-G0JBddhxWohPXexSqKEu4fdAsnd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-CT2bdqwUGoGqYQx4ZLZumMlysnd"><span style="font-size: 16px;">单向持仓和双向持仓两种模式都是为不同的交易策略和风险偏好而设计的。选择取决于您的交易经验、策略需求和风险承受能力。</span></div><div class="ace-line ace-line old-record-id-IQNedRAQJoRmgexkGvuueXoasNT"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-QdWIdXNKDo9Xf4xIxZguQBPJsSc"><strong>8. 在单向持仓模式下开反向订单会发生什么</strong></h2><div class="ace-line ace-line old-record-id-AT98d9NMTo5frjxqzRyuHzgHsIq"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-DYKpdy31aoIgRyxiG6iuIA6Dshh"><span style="font-size: 16px;">在单向持仓模式下，如果您持有多头仓位并开立空头订单，系统会自动用空头订单抵消多头仓位。如果空头订单数量大于多头仓位，多头将被完全平仓，剩余数量将开立新的空头仓位。</span></div><div class="ace-line ace-line old-record-id-DxmFdLYr5ojmqyxhL6nuLPsdslc"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-VY3xdW7FQo1lPQxVvxJu4mYwsnh"><strong>9. 双向持仓模式可以用于风险对冲吗</strong></h2><div class="ace-line ace-line old-record-id-JdNLdjN3toMd1qxhPuYujn0Vs0b"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RqRrdoU3eo0yjHxlGKMu9NdVshf"><span style="font-size: 16px;">是的，双向持仓模式的主要优势之一就是提供风险对冲功能。通过同时持有多头和空头仓位，交易者可以在市场不确定时降低整体敞口，最小化突然价格波动的影响。</span></div><div class="ace-line ace-line old-record-id-GBPhdvBc1oJAw0xCrIrudaSTsob"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-Bcgud57EFoRR6FxgDVUutx9OsIg"><strong>10. 切换持仓模式有什么限制？</strong></h2><div class="ace-line ace-line old-record-id-Vb0Cdw9VDoSrfVxIkgWu6F4Aste"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UN7ZdbhpXoFmWqxGjd8u7dZusog"><span style="font-size: 16px;">如果您当前有未完成的订单或持仓，则不允许切换持仓模式。必须先取消所有订单或平掉所有仓位后才能更改持仓模式。</span></div><div class="ace-line ace-line old-record-id-V2s9dMEVcoY7UBxEjo2ukPrQsSe"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-EXmlden7wos4RxxFVf5uurIasPd"><strong>11. 双向持仓模式会占用更多保证金吗？</strong></h2><div class="ace-line ace-line old-record-id-QfoedWrkUolmNpxpCMfu9kVCsDb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TgaSdQm0go3CkZxWKOGuPq01sqb"><span style="font-size: 16px;">是的。在双向持仓模式下，由于同时持有两个方向的仓位，需要占用两个仓位的保证金，这可能会导致较高的保证金要求和资金占用。</span></div><div class="ace-line ace-line old-record-id-Bl94d1fREoZoQcxmwzXuvOrHsxy"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-CmXQdD993onuC7xtGHju1rJ2swb"><strong>12. 新手应该选择哪种持仓模式</strong></h2><div class="ace-line ace-line old-record-id-RBHFdsRzjohNdNxYqBnu4vTIshh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ZE5TdF1T7odSmdxYhTGuKEGusLd"><span style="font-size: 16px;">对于新手交易者，建议从默认的单向持仓开始。这种模式逻辑清晰、操作简单，可以让新手专注于市场方向判断，建立更稳定的交易基础。</span></div><div class="ace-line ace-line old-record-id-WDHAdILD4ohnmJxZ9SHu8sqDsCc"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-ZnOAdXMD7oIml8xrhPwuJKSxsOh"><strong>13. 双向持仓模式适合短期交易还是长期交易</strong></h2><div class="ace-line ace-line old-record-id-YVmKd2rB1ofckRx9pWDuB6yssPf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RAardkYBtooFbxxfXeDuHbk6sEb"><span style="font-size: 16px;">双向持仓模式适用于多种交易场景，包括短期套利和长期仓位风险管理。双向持仓模式特别适合市场震荡期、趋势不明确时期，以及需要进行风险对冲的交易环境。</span></div><div class="ace-line ace-line old-record-id-FUyvdb4t5oU9bIxl2ACuqGfesHg"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-FMF2dVBV7oNzWsxjS8Zu30j6spd"><span style="font-size: 16px;">推荐阅读：</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-IKcCdqxupo92UAx9MSEueUEXsVd" data-list="bullet"><div><a data-lark-is-custom="true" href="https://www.mexc.com/support/article/futures-trading-faq-305425827477864448" style="font-size: 16px;">合约交易常见FAQ：新手入门必读的完整指南</a></div></li><li class="ace-line ace-line old-record-id-NVcldt3G1oUeCaxwM3guNJh1sSb" data-list="bullet"><div><a href="https://www.mexc.com/support/article/futures-trading-page-terminology-guide-7951093588505" data-lark-is-custom="true" style="font-size: 16px;">合约交易页面名词解读</a></div></li><li class="ace-line ace-line old-record-id-YzjIdpMLmoZ4YzxvU3Uuy6iFsZd" data-list="bullet"><div><a href="https://www.mexc.com/support/article/a-complete-guide-to-futures-information-terminology-305436590665908224" data-lark-is-custom="true" style="font-size: 16px;">一文解读合约信息名词</a></div></li><li class="ace-line ace-line old-record-id-Cr77dLlvOoKaGIx7SXquRPLpsKh" data-list="bullet"><div><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-the-mexc-app-305421274812529664" data-lark-is-custom="true" style="font-size: 16px;">如何在 MEXC App 进行合约交易</a></div></li><li class="ace-line ace-line old-record-id-Ci3DdIZa7ounyZxFnhhuGlSFsjh" data-list="bullet"><div><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-mexc-web-305423980641926144" data-lark-is-custom="true" style="font-size: 16px;">如何在 MEXC Web 进行合约交易</a></div></li></ul></div>

<div data-page-id="GmkOdmKSNoYyYxxj91ZuSn8AsJd" data-lark-html-role="root" data-docx-has-block-data="true"><div class="ace-line ace-line old-record-id-EpF7dUORLoOpQ4xze82u6RZ8sCd"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;">合约小白新手在 MEXC 合约页面进行交易时，可能会对这些专业的名词感到陌生，不知道代表的含义。在 MEXC 合约交易页面中，对每一个交易币种涉及到的相关信息都有整理。我们以 U 本位的 BTC/USDT 交易对来举例说明。</span></div><div class="ace-line ace-line old-record-id-TC9xdoNqsoYjTAx2BQCuCAz0swh"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-Z5grdNFBioZNIixsqieuGU1ss7f"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;">点击 MEXC <a data-lark-is-custom="true" href="https://www.mexc.com/">官网</a>并登录个人账号，在导航栏中点击【合约交易】进入到合约交易页面。</span></div><div class="ace-line ace-line old-record-id-B9Urd2rpkoDVrsx0Udwu24ljsTh"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div style="text-align:center" data-type="image" data-ace-gallery-json="{"items":[{"uuid":"47e8913d-fd52-4460-bdb6-9991440a0df4","height":1364,"width":2932,"currHeight":1364,"currWidth":2932,"natrualHeight":1364,"natrualWidth":2932,"pluginName":"imageUpload","scale":1,"src":"https%3A%2F%2Finternal-api-drive-stream.larksuite.com%2Fspace%2Fapi%2Fbox%2Fstream%2Fdownload%2Fpreview%2FSEPobysimolj1txlzObuvrX7sbZ%2F%3Fpreview_type%3D16","file_token":"SEPobysimolj1txlzObuvrX7sbZ","image_type":"image/png","size":413929,"comments":[]}]}" class="image-uploaded gallery old-record-id-IX8YdrIkaomFoixp4L7ua2uwsPf"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20260216130532535myMwDxzAnRSNvP.png" data-single-block="true" data-snapshot="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" data-suite="eyJmaWxlVG9rZW4iOiJTRVBvYnlzaW1vbGoxdHhsek9idXZyWDdzYloiLCJvYmpUeXBlIjoiZG9jeCIsIm9ialRva2VuIjoiSVg4WWRySWthb21Gb2l4cDRMN3VhMnV3c1BmIiwib3JpZ2luU3JjIjoiaHR0cHM6Ly9pbnRlcm5hbC1hcGktZHJpdmUtc3RyZWFtLmxhcmtzdWl0ZS5jb20vc3BhY2UvYXBpL2JveC9zdHJlYW0vZG93bmxvYWQvcHJldmlldy9TRVBvYnlzaW1vbGoxdHhsek9idXZyWDdzYlovP3ByZXZpZXdfdHlwZT0xNiJ9" data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/SEPobysimolj1txlzObuvrX7sbZ/?mount_node_token=IX8YdrIkaomFoixp4L7ua2uwsPf&mount_point=docx_image" data-width="2932" data-height="1364" data-lark-image-uri="drivetoken://SEPobysimolj1txlzObuvrX7sbZ" data-lark-image-width="2932" data-lark-image-height="1364" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; font-family: arial, helvetica, sans-serif; width: 750px;"></div><div class="ace-line ace-line old-record-id-LNiqdxwz5oi184xjQxFuyD4hshb"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-UeH9dgc8do6AsLxW71UuBjV9sye"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;">搜索选择 BTC/USDT 交易对，点击【交易规则】-【查看所有合约交易规则】，进入到<a data-lark-is-custom="true" href="https://www.mexc.com/futures/information/contract_detail">合约信息详情</a>页面。</span></div><div class="ace-line ace-line old-record-id-I0KZdU3PvohPNbx22e6u8rKTsCg"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div style="text-align:center" class="ace-line ace-line old-record-id-NZT3dVCadovavKxcdcjuvNmzskc"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;">*BTN-<strong>查看合约信息详情</strong>&BTNURL=<a data-lark-is-custom="true" href="https://www.mexc.com/futures/information/contract_detail">https://www.mexc.com/futures/information/contract_detail</a>*</span></div><div class="ace-line ace-line old-record-id-Gl1udcycXol7J1x05AjuLv5WsKg"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div style="text-align:center" data-type="image" data-ace-gallery-json="{"items":[{"uuid":"5293eb63-daf4-48aa-bf53-584c0c117fcb","height":1416,"width":2938,"currHeight":1416,"currWidth":2938,"natrualHeight":1416,"natrualWidth":2938,"pluginName":"imageUpload","scale":1,"src":"https%3A%2F%2Finternal-api-drive-stream.larksuite.com%2Fspace%2Fapi%2Fbox%2Fstream%2Fdownload%2Fpreview%2FEeq7bThVJokIbPxkKtAuvszcs5d%2F%3Fpreview_type%3D16","file_token":"Eeq7bThVJokIbPxkKtAuvszcs5d","image_type":"image/png","size":746090,"comments":[]}]}" class="image-uploaded gallery old-record-id-K71qduDLEoo1NvxPBnAuU65EsXr"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20260216130535661PvBBRDM7KtZHoQ.png" data-single-block="true" data-snapshot="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" data-suite="eyJmaWxlVG9rZW4iOiJFZXE3YlRoVkpva0liUHhrS3RBdXZzemNzNWQiLCJvYmpUeXBlIjoiZG9jeCIsIm9ialRva2VuIjoiSzcxcWR1RExFb28xTnZ4UEJuQXVVNjVFc1hyIiwib3JpZ2luU3JjIjoiaHR0cHM6Ly9pbnRlcm5hbC1hcGktZHJpdmUtc3RyZWFtLmxhcmtzdWl0ZS5jb20vc3BhY2UvYXBpL2JveC9zdHJlYW0vZG93bmxvYWQvcHJldmlldy9FZXE3YlRoVkpva0liUHhrS3RBdXZzemNzNWQvP3ByZXZpZXdfdHlwZT0xNiJ9" data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/Eeq7bThVJokIbPxkKtAuvszcs5d/?mount_node_token=K71qduDLEoo1NvxPBnAuU65EsXr&mount_point=docx_image" data-width="2938" data-height="1416" data-lark-image-uri="drivetoken://Eeq7bThVJokIbPxkKtAuvszcs5d" data-lark-image-width="2938" data-lark-image-height="1416" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; font-family: arial, helvetica, sans-serif; width: 750px;"></div><div class="ace-line ace-line old-record-id-N1ezdWym7op9A6x2U22uShnPsOg"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-AA0ZdPq5wogox5xbjfMuGI24sXc"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;">选择第一个【合约详解】，这个页面展示了 BTCUSDT 交易对的合约信息详情。您也可以通过下拉框选择其他交易对查看相关合约详情。</span></div><div class="ace-line ace-line old-record-id-RtimdfA0oo9QAFxTmHBuMew9s0f"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div style="text-align:center" data-type="image" data-ace-gallery-json="{"items":[{"uuid":"e1bb61f7-61bb-4486-be08-87764d139b7d","height":2632,"width":2932,"currHeight":2632,"currWidth":2932,"natrualHeight":2632,"natrualWidth":2932,"pluginName":"imageUpload","scale":1,"src":"https%3A%2F%2Finternal-api-drive-stream.larksuite.com%2Fspace%2Fapi%2Fbox%2Fstream%2Fdownload%2Fpreview%2FIHdvbw4myoDDDUxix22uIDLHsBc%2F%3Fpreview_type%3D16","file_token":"IHdvbw4myoDDDUxix22uIDLHsBc","image_type":"image/png","size":679950,"comments":[]}]}" class="image-uploaded gallery old-record-id-EZxZdbQm3onWFKxqDNHuATXKskf"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202602161305334764vtp32NGyvt67Y.png" data-single-block="true" data-snapshot="eyJ0eXBlIjoiaW1hZ2UiLCJwYXJlbnRfaWQiOiJHbWtPZG1LU05vWXlZeHhqOTFadVNuOEFzSmQiLCJjb21tZW50cyI6W10sInJldmlzaW9ucyI6W10sImxvY2tlZCI6ZmFsc2UsImhpZGRlbiI6ZmFsc2UsImF1dGhvciI6IjcyMzYyMTU4MTYwODQwNzg1OTciLCJhbGlnbiI6ImNlbnRlciIsImltYWdlIjp7InRva2VuIjoiSUhkdmJ3NG15b0RERFV4aXgyMnVJRExIc0JjIiwibWltZVR5cGUiOiJpbWFnZS9wbmciLCJzaXplIjo2Nzk5NTAsInNjYWxlIjoxLCJ3aWR0aCI6MjkzMiwiaGVpZ2h0IjoyNjMyLCJuYW1lIjoiaW1hZ2UucG5nIiwiY3JvcCI6WzAsMCwwLDBdLCJyb3RhdGlvbiI6MCwiY2FwdGlvbiI6eyJ0ZXh0Ijp7ImFwb29sIjp7Im5leHROdW0iOjAsIm51bVRvQXR0cmliIjpudWxsfSwiaW5pdGlhbEF0dHJpYnV0ZWRUZXh0cyI6eyJhdHRyaWJzIjpudWxsLCJ0ZXh0IjpudWxsfX19fSwiYXJlYV9jb21tZW50cyI6e319" data-suite="eyJmaWxlVG9rZW4iOiJJSGR2Ync0bXlvREREVXhpeDIydUlETEhzQmMiLCJvYmpUeXBlIjoiZG9jeCIsIm9ialRva2VuIjoiRVp4WmRiUW0zb25XRkt4cUROSHVBVFhLc2tmIiwib3JpZ2luU3JjIjoiaHR0cHM6Ly9pbnRlcm5hbC1hcGktZHJpdmUtc3RyZWFtLmxhcmtzdWl0ZS5jb20vc3BhY2UvYXBpL2JveC9zdHJlYW0vZG93bmxvYWQvcHJldmlldy9JSGR2Ync0bXlvREREVXhpeDIydUlETEhzQmMvP3ByZXZpZXdfdHlwZT0xNiJ9" data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/IHdvbw4myoDDDUxix22uIDLHsBc/?mount_node_token=EZxZdbQm3onWFKxqDNHuATXKskf&mount_point=docx_image" data-width="2932" data-height="2632" data-lark-image-uri="drivetoken://IHdvbw4myoDDDUxix22uIDLHsBc" data-lark-image-width="2932" data-lark-image-height="2632" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; font-family: arial, helvetica, sans-serif; width: 750px;"></div><div class="ace-line ace-line old-record-id-DWQodWZ91o4i4jxUrnWuaNEjs3f"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><h2 class="heading-2 ace-line old-record-id-FD6vd3SImoKCD5x64azu0CvssTh"><strong>1. 合约基础信息</strong></h2><div class="ace-line ace-line old-record-id-G5fjdEjX9oRoXUxH9lSuyyo5sbd"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-EuNad8S45oeFV9xyXZbuNwWQsMf"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>永续合约</strong>：由传统金融的期货合约演变而来，区别在于永续合约没有结算日期。也就是说只要仓位没有爆仓被强制平仓，就永远不会被动平仓。</span></div><div class="ace-line ace-line old-record-id-GUZPdBZ3zo97ChxCxiQu5SEJsfh"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-SzK7dhdi6oFHyGxSNHjuA86lsBb"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>指数价格</strong>：参照各大主流交易所的价格，根据其价格的加权平均后得到的综合价格指数。当前页面显示的指数价格是 BTC 的指数价格。代币 BTC 的指数价格参照 BYBIT、HUOBI、MEXC 的交易所价格。</span></div><div class="ace-line ace-line old-record-id-HSaad8hxVocTSBxRPleuwLqMsEb"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-Qe0pdjno2oEvXkxYut9uG1iMsvf"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>合理价格</strong>：该合约的实时合理价格，基于指数价格和市场价格综合计算得出。将用于计算仓位浮动盈亏以及判断仓位的强平，可能与合约最新成交价有所偏差，以避免价格操控。</span></div><div class="ace-line ace-line old-record-id-L95tdJzVGof3L3xaJzNuXXN8sQg"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-EPL2d2rwEoYLkbxc3tOuRPr2sdf"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>合约面值（1 张）</strong>：表示一张该合约的价值，USDT 本位合约每张合约以币数量衡量，币本位合约每张合约以 USD 数量衡量。如 BTC 的合约面值为 1 张 = 0.0001 BTC</span></div><div class="ace-line ace-line old-record-id-P9ZbdZYhCoF3X8xUvA7uJ4wusKh"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-IQrKdqBZBo96dvxa76GuhAEMsif"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>最小变动价位</strong>：该合约的单位价格涨跌变动的最小值。如 BTC 的最小变动价位是 0.1。</span></div><div class="ace-line ace-line old-record-id-BvVVdARTDovT26xDGnFudtRDsic"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-C6nzdhs30oIdTDxwbz7uBEjZsze"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>最小下单数量</strong>：该合约单笔订单的最小下单数量。如 BTC 的最小交易数量是 0.0001 BTC。</span></div><div class="ace-line ace-line old-record-id-NElKdmMBrowNBtxUx8suFvUYsuf"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-HW1ndT903oPjqVxKgXSuDkA0sDf"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>限价订单价格上限/下限比例</strong>：限价买单价格应小于或等于（1+价格上限比例）*指数价。限价卖单价格应大于或等于（1-价格下限比例）*指数价</span></div><div class="ace-line ace-line old-record-id-Bd31dEyjNo2DbqxJGZVudEH9sFb"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-ATl9d8BYfomwXuxdLHFulHt6sog"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>最大挂单数量</strong>：每个交易对的限价单最大挂单数量。</span></div><div class="ace-line ace-line old-record-id-A492dYCpvoUapkxg6vhuRkOXsNb"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-MbLJdgvatomInFx6yOuu3Hafs7g"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>价差保护阈值</strong>：开启价差保护功能后，止盈止损（计划委托）达到触发价，如果该合约的最新价与合理价格价差超过该合约的设定阈值，止盈止损（计划委托）将被拒绝，请注意价差保护只会在开启后生效，对未开启的历史订单将不生效。</span></div><div class="ace-line ace-line old-record-id-KSoZdw1fxossbTxowX4uE6vWsf7"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-V0jpdSzsko2Y85xWfsEuCeqrsXg"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>强平手续费：</strong>当用户的仓位遭到强平时，平台会收取一定比例的强平手续费。</span></div><div class="ace-line ace-line old-record-id-UhMhdjlqqoByfKxqEl3ubZ2KsOc"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><h2 class="heading-2 ace-line old-record-id-EWp1dSswDo7vAoxRfqSuzxMGsZc"><strong>2. 保证金</strong></h2><div class="ace-line ace-line old-record-id-Zf9cdClLMo5RojxQszduwwiQsWe"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-LsFbdDV8YoCBtmx32k9uF9ARsad"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>起始保证金：</strong> 开出仓位要求的最低保证金金额。</span></div><div class="ace-line ace-line old-record-id-TvvVdZbaWokQYkxfufquQCyesYe"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-M4tGd59z0oFYSIxU0jFuboofsNh"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>起始保证金率：</strong>开仓仓位价值/仓位保证金。起始保证金率表现了您的杠杆倍数。</span></div><div class="ace-line ace-line old-record-id-ZVWjdcZu3oDdSrxUPhguTGPQsyf"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-UDFCdwncoosbuHxB9DQua665sEf"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>维持保证金：</strong>维持仓位的最低的保证金要求，当仓位的保证金余额小于维持保证金时仓位会被强平或减仓。维持保证金 = 仓位名义价值 * 维持保证金率。</span></div><div class="ace-line ace-line old-record-id-OlLudZ5DzoKGl9xXis3u0VH9svd"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-U028dIblKoYWzgxEiFsulefbs7g"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>维持保证金率：</strong>根据用户的仓位大小计算，维持保证金率不被杠杆倍数影响。</span></div><div class="ace-line ace-line old-record-id-WAMud457Po6Z1WxAWCcuBoCVsoe"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-Fj4xdxnGUo7QjDxJ5Tfu37VMsBb"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>风险限制：</strong>MEXC对所有的交易账户使用风险限制机制，即系统采用阶梯保证金的模式进行风险控制，杠杆倍数大小视持仓大小而定；持仓越大，可获得杠杆倍数越低。用户可自行调整杠杆倍数，初始保证金率的算法是根据用户调整的杠杆倍数而定。</span></div><div class="ace-line ace-line old-record-id-AdRqdkr3vothuhxGsteu4wDqsjb"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-GoXkd75gcoxnT2xwlKju4RlQsbf"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>风险限制递档位：</strong>不同代币的永续合约拥有对应的风险限额和其递增限额档位。以 MEXC 平台上 BTC 永续合约为例，分为了 6 个档位。</span></div><div class="ace-line ace-line old-record-id-KefadaEWIoVKZ2xztkFuljJ1s8f"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div style="text-align:center" data-type="image" data-ace-gallery-json="{"items":[{"uuid":"5d60747e-4766-4e4b-8362-0954355b6fb2","height":844,"width":2348,"currHeight":844,"currWidth":2348,"natrualHeight":844,"natrualWidth":2348,"pluginName":"imageUpload","scale":1,"src":"https%3A%2F%2Finternal-api-drive-stream.larksuite.com%2Fspace%2Fapi%2Fbox%2Fstream%2Fdownload%2Fpreview%2FFeFybHrRUoXd5Cx8JBUu2fZCssh%2F%3Fpreview_type%3D16","file_token":"FeFybHrRUoXd5Cx8JBUu2fZCssh","image_type":"image/png","size":238870,"comments":[]}]}" class="image-uploaded gallery old-record-id-LrHldDOeAob75pxqTmZu0wIysHh"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20260216130532884uJWnFX5Nj3BONZ.png" data-single-block="true" data-snapshot="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" data-suite="eyJmaWxlVG9rZW4iOiJGZUZ5YkhyUlVvWGQ1Q3g4SkJVdTJmWkNzc2giLCJvYmpUeXBlIjoiZG9jeCIsIm9ialRva2VuIjoiTHJIbGRET2VBb2I3NXB4cVRtWnUwd0l5c0hoIiwib3JpZ2luU3JjIjoiaHR0cHM6Ly9pbnRlcm5hbC1hcGktZHJpdmUtc3RyZWFtLmxhcmtzdWl0ZS5jb20vc3BhY2UvYXBpL2JveC9zdHJlYW0vZG93bmxvYWQvcHJldmlldy9GZUZ5YkhyUlVvWGQ1Q3g4SkJVdTJmWkNzc2gvP3ByZXZpZXdfdHlwZT0xNiJ9" data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/FeFybHrRUoXd5Cx8JBUu2fZCssh/?mount_node_token=LrHldDOeAob75pxqTmZu0wIysHh&mount_point=docx_image" data-width="2348" data-height="844" data-lark-image-uri="drivetoken://FeFybHrRUoXd5Cx8JBUu2fZCssh" data-lark-image-width="2348" data-lark-image-height="844" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; font-family: arial, helvetica, sans-serif; width: 750px;"></div><div class="ace-line ace-line old-record-id-FptTdiBihocn1lxCiPmurp8ts6c"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><h2 class="heading-2 ace-line old-record-id-K702dcWJtoN0PsxB3nQuuF1IsKg"><strong>3. 费用</strong></h2><div class="ace-line ace-line old-record-id-NGwJdiP3kojp8sxGSdeuT9PNs3g"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-HUOkd2rUioO7nyxYUkVuSv21sXc"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>资金费率</strong>：基于永续合约市场价格与现货价格之间的价差，对多头和空头交易者定期交换资金费用。当市场趋势看涨时，资金费率为正，永续合约的多头交易者将会支付资金费用给空头交易者。相反，当市场看跌时，资金费率为负，此时是永续交易的空头交易者向多头交易者支付资金费用。</span></div><div class="ace-line ace-line old-record-id-GQgId9vH0o3ejXx0edyupIFos3f"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-RQMGdfrKiozVa8xELNRuWfxKskh"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;">注：资金费率是根据市场多空情绪而波动存在的，不同交易对的资金费率也不尽相同，详细信息需要参考【<a data-lark-is-custom="true" href="https://futures.mexc.com/zh-MY/information/funding_list?type=linear_swap">最新资金费率</a>】</span></div><div class="ace-line ace-line old-record-id-UCLHdpxtco8x1YxJHGSu0BWEskd"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-HUUcdGOjKookSUxGq2tulh9Ms7e"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>收取周期：</strong>MEXC 永续合约的资金费用一般来说每 8 小时计算一次，具体收取时间为每日 00:00、08:00、16:00（UTC 时间）。部分合约交易对的资金费用收取时间可能有所不同，请以产品页面显示为准。</span></div><div class="ace-line ace-line old-record-id-B6aGdMwAQoSdKYxqTcWuSo3zspe"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div style="text-align:center" class="ace-line ace-line old-record-id-FO5QdhyTxo1EOqxzopau080vs8b"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;">*BTN-<strong>查看资金费率</strong>&BTNURL=<a data-lark-is-custom="true" href="https://www.mexc.com/futures/information/funding_list">https://www.mexc.com/futures/information/funding_list</a>* </span></div><div class="ace-line ace-line old-record-id-JQlidCCLNoPN6jxxZR1uxeAMs5S"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-NIoodYsY2oQNAJxKbKuuOccqsYl"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>强平手续费率</strong>：当用户的仓位遭到强平，MEXC 会收取一定比例的手续费。如 BTC 永续合约的强平手续费率为 0.04%。</span></div><div class="ace-line ace-line old-record-id-DKQddRsQ3oKSgFxnb5RuAfvzsce"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><h2 class="heading-2 ace-line old-record-id-TatHddZ6Sor06yxUpJ7udJqSsdc"><strong>4. 其他</strong></h2><div class="ace-line ace-line old-record-id-IPaCdXQ2HoUfqix6aUvu3ZcGsYO"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-GNjndGF7xoOs5exgfLWufHyrsjh"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><strong>自动减仓：</strong>当投资者被强制平仓时，他们的剩余仓位将被MEXC的永续合约强平系统接管。如果强平仓位未能够在市场平仓，并且当标记价格达到破产价格时，自动减仓系统将会对持有反方向仓位的投资者进行减仓。减仓的先后顺序将根据杠杆和盈利比率决定。</span></div><div class="ace-line ace-line old-record-id-TYJgdsavLoURb4xb8TmuAathsPd"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><div class="ace-line ace-line old-record-id-AbkwdUcV8oU1jPxGhQBusBv4snb"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;">认识合约交易相关的名词，只是学习使用合约工具的第一步，接下来您需要通过交易操作来掌握所学。在开始正式的合约交易之前，您可以先通过使用 MEXC 提供的<a data-lark-is-custom="true" href="https://www.mexc.com/zh-TW/learn/article/17827791509695">合约模拟盘</a>进行练习，熟悉后再使用实盘进行交易。</span></div><div class="ace-line ace-line old-record-id-E6VsdLR8woTbwlxDOW1ue5Fbsuh"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;"><br></span></div><h3 class="heading-3 ace-line old-record-id-RajUdPitPoPoxqxAGGAuuOcKsQh"><span style="font-size: 16px; font-family: arial, helvetica, sans-serif;">推荐阅读：</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-FoGEdWNfroW2L0xD4d2usmKfsoO" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><a href="https://www.mexc.com/support/article/mexc-futures-funding-rate-305432020820705280">MEXC 合约资金费率完整指南：计算方法与查询教程</a></span></div></li><li class="ace-line ace-line old-record-id-P7GPdtMmeoDPapxKT5xuo1KHsPc" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><a href="https://www.mexc.com/support/article/futures-trading-faq-305425827477864448">合约交易常见FAQ：新手入门必读的完整指南</a></span></div></li><li class="ace-line ace-line old-record-id-Ref1dV6hBoHisBxDthQu8XTksU5" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><a href="https://www.mexc.com/support/article/time-in-force-tif-for-futures-trading-305427906242034688">合约交易生效时间完整指南</a></span></div></li><li class="ace-line ace-line old-record-id-DKnHdyLo6oSUNExoksJuQvW8s8e" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><a href="https://www.mexc.com/support/article/futures-trading-page-terminology-guide-7951093588505">合约交易页面名词解读</a></span></div></li><li class="ace-line ace-line old-record-id-O3tKdjotXokOxtxB2bWuQVdVsrt" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-the-mexc-app-305421274812529664">如何在 MEXC App 进行合约交易</a></span></div></li><li class="ace-line ace-line old-record-id-VAcgd2yYXo3Rt7xJfGIuA117s6Y" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-mexc-web-305423980641926144">如何在 MEXC Web 进行合约交易</a></span></div></li></ul><div class="ace-line ace-line old-record-id-SIVZdeTagovS0qxdX1HuQUbEsJc"><span style="font-size: 16px;"><br></span></div></div>

<div data-page-id="AVKkd3MFto56RVxF0dGuugrZswd" data-lark-html-role="root" data-docx-has-block-data="true"><div class="ace-line ace-line old-record-id-YGmVd3tqKoZK4ax5HjjuoduOsSI"><span style="font-size: 16px;">面向新手用户，合约交易相比现货交易更复杂，涉及更多专业术语。为帮助您快速入门，本文将系统讲解 MEXC <a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDT">合约交易</a>页面各项名词的含义，便于理解和上手。</span></div><div class="ace-line ace-line old-record-id-OzmgdLQZaoq0L2xbHYBuDIhPsse"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" class="ace-line ace-line old-record-id-PODodtj4doSFdXxMEXsureTos2b"><span style="font-size: 16px;">*BTN-<strong>合约交易</strong>&BTNURL=<a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDT">https://www.mexc.com/futures/BTC_USDT</a>*</span></div><div class="ace-line ace-line old-record-id-Hck4dvMMoozFPNxqifque6YXswc"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/WijIbJtwwoY0yax0vshuEoxbsIb/?mount_node_token=TgHIdgpw0oxUuixPT4zuokyLsyc&mount_point=docx_image" data-width="2936" data-height="1432" data-lark-image-uri="drivetoken://WijIbJtwwoY0yax0vshuEoxbsIb" data-lark-image-width="2936" data-lark-image-height="1432" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-PIN5daIRUoR6DUxqFXcu6bHesyf"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-C7KwdqJUIo0t3gxCvcQuqYrushc"><strong>1. 基本信息区域名词</strong></h2><div class="ace-line ace-line old-record-id-MbEQdH1iXoWcypxrxzAuePGgsog"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TSXadE7hyogZ61xqgx5u46q1sCg"><span style="font-size: 16px;"><strong>永续</strong>：一直持续下去的含义。我们常见的永续合约，全称叫永续期货合约，由传统金融的期货合约演变而来，区别在于永续合约没有结算日期。也就是说只要仓位没有爆仓被强制平仓，就永远不会被动平仓。</span></div><div class="ace-line ace-line old-record-id-MHmxdk8DJote4TxscOBukCkrske"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-IkaUdTNGSoooV5xzZQvuTt0lszd"><span style="font-size: 16px;"><strong>涨跌幅：</strong>涨跌幅指的是价格在一段时间内上涨或下跌的幅度，通常以百分比数据来表示。其计算公式为：涨跌幅 =（收盘价-开盘价）/ 开盘价。</span></div><div class="ace-line ace-line old-record-id-Dwsud8HmXoPr7axcPv7uHGX1sAc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TbWOdrMVzoxXUdxfbvYuY4jTslb"><span style="font-size: 16px;"><strong>指数价格</strong>：参照各大主流交易所的价格，根据其价格的加权平均后得到的综合价格指数。当前页面显示的指数价格是 MX 的指数价格。</span></div><div class="ace-line ace-line old-record-id-HxYodtNLmo506pxzIM0uG0M9srg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-IMOOd3oUrorPOuxfaZZuQZUisXe"><span style="font-size: 16px;"><strong>合理价格</strong>：该合约的实时合理价格，基于指数价格和市场价格综合计算得出。将用于计算仓位浮动盈亏以及判断仓位的强平，可能与合约最新成交价有所偏差，以避免价格操控。</span></div><div class="ace-line ace-line old-record-id-CxYRd7RsLo6v6bxb1aeuNqghsJg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-LEwfdVftCoL9VLxoHbiu5FCcspc"><span style="font-size: 16px;"><strong>资金费率/倒计时</strong>：当前阶段的资金费率。费率为正，做多仓位支付做空仓位。费率为负，做空仓位支付做多仓位。</span></div><div class="ace-line ace-line old-record-id-S9H4d7Srdo3Fizx41oMupkC4sWX"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/VDHqb2CJio7JfzxaNsnuVwj8scb/?mount_node_token=EjTDd0Qlcoc6Bmxqu7lumj8bsaf&mount_point=docx_image" data-width="2938" data-height="1470" data-lark-image-uri="drivetoken://VDHqb2CJio7JfzxaNsnuVwj8scb" data-lark-image-width="2938" data-lark-image-height="1470" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-TXPAdta7XoVCMoxKRPBuMn2VsJd"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-H7VIduqzvoacs3xlJ6RupxDjsDb"><strong>2. 盘口区域名词</strong></h2><div class="ace-line ace-line old-record-id-BlVld00cko7qjOxMo6munqnzsCx"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Q5iAdnzBAou09wxodUSuJgQ5sCc"><span style="font-size: 16px;"><strong>盘口</strong>：在交易过程中，观察交易走向的窗口。在盘口区域您可以观察到每笔成交，观察到买卖双方占比情况等等。</span></div><div class="ace-line ace-line old-record-id-DJ6odDgTtoMOoOxN0DXu8ngmsvd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ByWtdz7BtoJEH6xJEMsujlpbsed"><span style="font-size: 16px;"><strong>市场异动</strong>：特定时间范围内价格大幅波动的币种。借助该工具，交易者可根据价格变动和其他特定指标快速识别潜在机会。</span></div><div class="ace-line ace-line old-record-id-MBNzdwep0oYqs2xYHXeuxhHjsbb"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/L9e9bRJB4oqrrPxSr2BuRfuks4e/?mount_node_token=QS3hdKoXko8kByxubcwuGQmVs0d&mount_point=docx_image" data-width="2938" data-height="1410" data-lark-image-uri="drivetoken://L9e9bRJB4oqrrPxSr2BuRfuks4e" data-lark-image-width="2938" data-lark-image-height="1410" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-Kl7DdW47No3A6IxnQS8uBOj9s7d"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-Ua7XdCvHooju3rxouvTuEoG3szc"><strong>3. 交易區域名詞</strong></h2><div class="ace-line ace-line old-record-id-WDMBdZKEPoL7lLx68Z6uwIbUs9y"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Nk2FdrI5joFWIexiLWYuaRl0sIe"><span style="font-size: 16px;"><strong>开仓、平仓</strong>：根据您对涨跌的判断在填写价格和数量之后，可选择开多或是开空。预测涨则开多，预测跌则开空。当你将购买的合约卖出后，即平仓。当你开仓购买合约持有在手中未结算的阶段，即持仓。您可在页面下方点击【当前持仓】查看您的持仓。</span></div><div class="ace-line ace-line old-record-id-KMFid7ggRoDfYkxBTRtuhWnesvb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-PbLNdWorZoA18Txx0OkuD5L8sPc"><span style="font-size: 16px;"><strong>开多</strong>：当您预测未来代币价格会上涨并按照这一趋势开仓，即开多。</span></div><div class="ace-line ace-line old-record-id-UqClddGpvoJdDRxhlpLu8veBsgb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ZPIeddSd4oelBtxfyItuIz9Dsjd"><span style="font-size: 16px;"><strong>开空</strong>：当您预测未来代币价格会下跌并按照这一趋势开仓，即开空。</span></div><div class="ace-line ace-line old-record-id-OX4HdWW2voL1N2xIS8uuIdGzsAd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-SY63dofDfotaSBxVqw2u3Jglslh"><span style="font-size: 16px;"><strong>保证金和保证金模式</strong>：用户交纳一定比例的资金作为财力担保后可以进行合约交易，这笔资金就是保证金。保证金模式分为逐仓模式和全仓模式。</span></div><div class="ace-line ace-line old-record-id-FS5BdqIOCovHGFxBKT3uIXsMscg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-YAPid36UJoS8goxwGjkuw2XCsAh"><span style="font-size: 16px;"><strong>逐仓</strong>：逐仓模式下，一定数量保证金被分配到仓位上，如果仓位保证金亏损到低于维持保证金的水平，仓位将被强平。同时您也可以选择为这个仓位添加或减少保证金。</span></div><div class="ace-line ace-line old-record-id-QA3EdFsHGoz8ftxSlCEuPeoqsOe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Bd8IdFMswoK2QgxPwazuwRKusQc"><span style="font-size: 16px;"><strong>全仓</strong>：全仓模式下，所有全仓仓位共享该资产的全仓保证金，在强平事件中，交易者可能会损失全部该保证金和该保证金资产下的所有全仓仓位。</span></div><div class="ace-line ace-line old-record-id-JQa8dmvJVocIQUxWERcuTRSvsab"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-MSGTdkRcjoZZhex1eC7ucsYZsyd"><span style="font-size: 16px;"><strong>委托方式</strong>：分为限价、市价、追逐限价委托、计划委托、跟踪委托和只做 Maker。</span></div><div class="ace-line ace-line old-record-id-JoXtdFObCoNfpfxLCdDuxYbCsQc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RbWcdK1rpofOzUxHXyEuLuP0skh"><span style="font-size: 16px;"><strong>限价</strong>：限价委托是指以特定或更优价格进行买卖，限价单不能保证执行。</span></div><div class="ace-line ace-line old-record-id-O0EudpBmpobbm8xNfLqudRZDsxb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-KdCWdTIeXoq6QvxCXXXut0mXs9d"><span style="font-size: 16px;"><strong>市价</strong>：市价委托是指以目前市场可获得的最优价格进行快速买卖。</span></div><div class="ace-line ace-line old-record-id-GTSmdZhJdoaNZwxsft8uVM00sub"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UsKid8HPGoO2k7xRWomudzu8szb"><span style="font-size: 16px;"><strong>追逐限价委托：</strong>追逐限价单是一种以最佳买价或卖价下达的限价单，它可以根据不断变化的市场行情动态调整入场价格，直至订单成交、取消或达到最大追逐距离。</span></div><div class="ace-line ace-line old-record-id-ZYnYdd5Fdot68AxPIBmulnbNsKg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-XhAtdRyc4oJf44xFGpLut9bMsRb"><span style="font-size: 16px;"><strong>计划委托</strong>：用户可预先设置触发价、委托价和数量，当市场价到达触发价时，系统会按委托价自动下单。在计划委托成功触发之前，不会冻结仓位或保证金。</span></div><div class="ace-line ace-line old-record-id-Sh4PdfHmYoMKYjxFWQruvcYLscg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-LLDEdtXyjojsVxxwbDHuPbx5smb"><span style="font-size: 16px;"><strong>跟踪委托</strong>：跟踪委托是行情在回调的情况下，将交易者设定好的委托提交至市场的策略委托。实际的触发价格=市场最高（最低）价±回调幅度 (价距)，或市场最高（最低）价 *(1±回调幅度 %) (比例)，同时可以设置委托被激活的价格，激活后才开始计算触发价格。</span></div><div class="ace-line ace-line old-record-id-XrVtdUlPSoGt5yxdhzAu5w2xsvb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-FVtddzx4YonLAjxZAL0ucP7rsLe"><span style="font-size: 16px;"><strong>只做 Maker</strong>：订单不会立刻在市场成交，保证用户始终为Maker, 如果委托会立即与已有委托成交，那么该委托会被取消。</span></div><div class="ace-line ace-line old-record-id-J3xwdLnYzoNlgExGbTHutIwKsOh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-AfiVdGOHGoFavDxYl0huFwZtsdf"><span style="font-size: 16px;"><strong>止盈止损</strong>：预先设置触发条件（止盈价或止损价）的平仓单，当最新价/合理价/指数价达到事先设定的触发价格时，系统将按提前设置好的触发价和数量以最优市场价平仓，从而达到止盈或止损的目的，让用户能够自动结算出理想的盈利值或避免不必要的损失。</span></div><div class="ace-line ace-line old-record-id-T31odGeyfoJ0ZPxibKJuD6WPsbe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UcYGdcASroxAEJxSD8fu9C6Gs3b"><span style="font-size: 16px;"><strong>限价止盈止损</strong>：限价止盈止损单是一种预设的订单，用户可以预先设置止损价、限价和买入/卖出金额。当最新成交价达到止损价时，系统会自动以限价的价格挂单。</span></div><div class="ace-line ace-line old-record-id-AobQd8bt1oIN2pxxwqBuzmukskc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Yt6td51Owoizoax8IkOutYNzsye"><span style="font-size: 16px;"><strong>币本位合约</strong>：MEXC 合约提供的币本位合约是反向合约，是以加密货币作为保证金，也就是说加密货币是其基准货币。以 BTC 币本位合约为例，比特币将用来作为初始保证金或者进行盈亏的计算。</span></div><div class="ace-line ace-line old-record-id-IrgVd172gol4n1xaj6JuXPUAsPe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-SdQCd5SPBo2mxXxUksRuGekzsld"><span style="font-size: 16px;"><strong>U 本位合约</strong>：MEXC 合约提供的U本位合约( USDT 本位合约)是正向合约，是以 USDT 报价和结算的线性衍生产品，USDT 是和美元价值挂钩的稳定币。</span></div><div class="ace-line ace-line old-record-id-PY62dmfqco9BfFxWmTruP8ABsVb"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/AUG8b77Upo4CUqxsi11uCvnosSf/?mount_node_token=XSX8d1JTLosiy7xPff4uTCdOs7a&mount_point=docx_image" data-width="2938" data-height="1468" data-lark-image-uri="drivetoken://AUG8b77Upo4CUqxsi11uCvnosSf" data-lark-image-width="2938" data-lark-image-height="1468" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-R8dkdYvcLoxytTxcNCBuRUycsYN"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-HzbCdAyproS52MxukAAuJj21sTc"><strong>4. 合约计算器区域名词</strong></h2><div class="ace-line ace-line old-record-id-Wdfqd6VlvorTRbx03gNuBYv6sid"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-BW6adU8Yho9flRxX0ZmuRAhTs7f"><span style="font-size: 16px;"><strong>盈亏计算</strong>：输入你的开仓价格、持有合约数量以及杠杆倍数，设定好你预想达到的平仓价格，可以计算出最终的收益额和收益率。</span></div><div class="ace-line ace-line old-record-id-HQmCd9anboo5sjxSM6zu1Hyrsxd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-J5X2dgWlCoSxjJx4w7Zu6XxhsQh"><span style="font-size: 16px;"><strong>目标计算</strong>：输入你的开仓价格、持有合约数量以及杠杆倍数，设定好你想赚取的收益率，可以计算出最终的目标价格和收益额。</span></div><div class="ace-line ace-line old-record-id-KYNIdA4gwolh4QxtLH8uL2kdsVd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-KXMldGMsQoS4iixjxmLugRtdsDc"><span style="font-size: 16px;"><strong>强平价格</strong>：输入你的开仓价格、持有合约数量以及杠杆倍数，选择保证金模式（全仓还是逐仓），可以计算得出你的强平价格。</span></div><div class="ace-line ace-line old-record-id-HsYPdjrq1owPBjxZLdmu6kzssJb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-XZVZdNpZ5oVnLAxnQJnunvmIsxg"><span style="font-size: 16px;"><strong>可开</strong>：输入你的开仓价格和杠杆倍数，输入你可以用的保证金金额，可以计算得出你最多能够开多/开空的合约数量。</span></div><div class="ace-line ace-line old-record-id-Kdnzdj4UIos325x2T6ZuXltlsge"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-BUU4d2AmtoEwfMxuKp4u5sKQsje"><span style="font-size: 16px;"><strong>开仓价格</strong>：当你有同一交易对的多笔合约建仓时，依次输入不同的开仓价格及对应的合约数量，可以综合计算出同一交易对合约的开仓价格。</span></div><div class="ace-line ace-line old-record-id-OfKZdWCMDoSj74xo2rzuRycVsPb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TmYSdMjOjowD9xxG42judSVHsbc"><span style="font-size: 16px;"><strong>资金费：</strong>输入合理价格和持仓数量，输入当前资金费率，可以计算出你要支付或收取的资金费数量。</span></div><div class="ace-line ace-line old-record-id-SrvpdJqinoDsVextrGtuEcq4sNg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UICAddmgFoFO6ax3Ib3ubHFwscg"><span style="font-size: 16px;">注：使用合约计算器计算得出的结果仅供参考，最终实际数额以实盘为准。</span></div><div class="ace-line ace-line old-record-id-PBn1d2D3rohu4zxBaO8uJNIlsBf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Rbped7fbjozTIixdv1puDJ0rs8c"><span style="font-size: 16px;">对于新手小白，在第一次进行合约交易前，可以通过 MEXC 的<a data-lark-is-custom="true" href="https://www.mexc.com/zh-TW/learn/article/17827791509695">合约模拟盘</a>进行实战训练，熟悉各种功能后再进入实盘进行交易。</span></div><div class="ace-line ace-line old-record-id-KsJOdx5PPoCZ3wxjF80uSthRsqe"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" class="ace-line ace-line old-record-id-VXHvdfuxCoZjcvxTvNBuoGDqsrp"><span style="font-size: 16px;">*BTN-<strong>模拟合约交易</strong>&BTNURL=<a data-lark-is-custom="true" href="https://futures.testnet.mexc.com/futures/BTC_USDT">https://futures.testnet.mexc.com/futures/BTC_USDT</a>*</span></div><div class="ace-line ace-line old-record-id-Kbbxd4QAPoWRj0xnbWouvtgusCe"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/CCOhbXDYcoZCwgx6Ehbui3Gds7e/?mount_node_token=WszvdhTLwoaPm9xzJMjuqCAnsec&mount_point=docx_image" data-width="2938" data-height="1422" data-lark-image-uri="drivetoken://CCOhbXDYcoZCwgx6Ehbui3Gds7e" data-lark-image-width="2938" data-lark-image-height="1422" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-MDpWdZ8kio2KWcxtq6BurR6ssof"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-OCiHdq0OGo5QS4xaQqauwTPMsze"><strong>5. 订单区域名词</strong></h2><div class="ace-line ace-line old-record-id-UcSZdXpWuoIuRaxd0LdumL89sig"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-RR3ldc3R6o3KbuxwsqSuqJcfsrb"><span style="font-size: 16px;">5.1 当前仓位</span></h3><div class="ace-line ace-line old-record-id-LwOBdKXfRo5FrZxk8H5u2vo7sWe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RZNGdXMo7oY7evxU09AuzIFxsJg"><span style="font-size: 16px;"><strong>持仓量</strong>：未平仓合约数量。</span></div><div class="ace-line ace-line old-record-id-QjK9dn6CworRzixAH9zuGmPnsLd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-G0hzd3jAVom346xfqMYuTvy6sne"><span style="font-size: 16px;"><strong>开仓均价</strong>：用户开仓时的平均成本价格。如用户在 2 USDT 时开了 100 张多单 MX/USDT 永续合约，随后又在同一方向上，以 2.1 USDT 价格开了 100 张 MX/USDT 永续合约，那么用户的开仓均价 = （2 * 100 + 2.1 * 100）/（100+100） = 2.05 USDT 。</span></div><div class="ace-line ace-line old-record-id-QkicdbsvHoaam1xJqMXurRQ3slM"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-H7u5dvy8foWCN8xHLVzuPJ80sUe"><span style="font-size: 16px;"><strong>合理价格</strong>：防止单个平台出现市场异常波动导致用户亏损而引入的机制，是通过主流交易所的价格数据加权计算后得出，能更公允的反应出真实市场价格。更多关于合理价格内容，您可以阅读内容《<a data-lark-is-custom="true" href="https://www.mexc.com/zh-TW/learn/article/17827791508654">指数价格、合理价格和最新成交价</a>》。</span></div><div class="ace-line ace-line old-record-id-V81MdLKCJoSd1JxlFfAuUwCDsEc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Bacad2SIRoyWugx7hKBufDExsph"><span style="font-size: 16px;"><strong>预估强平价：</strong>当合理价格达到预估强平价时，你的仓位将被强制平仓。如果您想了解更多关于强制平仓的内容，您可以阅读《<a data-lark-is-custom="true" href="https://www.mexc.com/zh-TW/learn/article/17827791510182">强制平仓</a>》。</span></div><div class="ace-line ace-line old-record-id-RhdgdMsQ4oHjevxEsGLuRhW4sYb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-N5DodpxP1okZ1HxwhTEuMCfHsud"><span style="font-size: 16px;"><strong>保证金比率：</strong>用来衡量用户仓位风险情况，保证金比率越低，仓位的风险相对较小。当保证金比率到达100%时，仓位将被强平。</span></div><div class="ace-line ace-line old-record-id-U0yxd2aiBowxfDxXZSnuCYhHsbb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-SYtAdrULso6wgPxbIrTuwXcds1O"><span style="font-size: 16px;"><strong>保证金：</strong>仓位保证金包含起始保证金和平仓手续费，逐仓模式下可以添加额外保证金。</span></div><div class="ace-line ace-line old-record-id-SDaxd0Y8to2jFExpblLuwZyhsAc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-XPpydWIhaoCtUIxVF3NuwDAasMh"><span style="font-size: 16px;"><strong>未实现盈亏：</strong>由合理价或最新价计算得出。仓位收益率 = 未实现盈亏/初始保证金，所以收益率仅与当前杠杆倍数相关，与保证金的增减无关。</span></div><div class="ace-line ace-line old-record-id-UyGndhdgMoggOLxWDJEuPFj4sTb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-PgyvdKyS9oOlFdx8QqOusCSzsiJ"><span style="font-size: 16px;"><strong>已实现盈亏：</strong>该仓位产生的所有已实现的盈亏，包含手续费、资金费用和平仓盈亏。</span></div><div class="ace-line ace-line old-record-id-MqGSdpTT7oQiiYxTjclu9RQ8sNb"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/NozUbGRigo5GaGxC9RqucqX4s4b/?mount_node_token=DCS3drXJAoshgXxcafWuBIs0sQd&mount_point=docx_image" data-width="2320" data-height="258" data-lark-image-uri="drivetoken://NozUbGRigo5GaGxC9RqucqX4s4b" data-lark-image-width="2320" data-lark-image-height="258" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-G4erdGg7PopqabxLFoXucDaasTg"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-VFahdODlKo7tFExqH6yuGOzMs3e"><span style="font-size: 16px;">5.2 当前委托</span></h3><div class="ace-line ace-line old-record-id-R0XBdni0qo9lUlx6sB0uUW7usKb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-At8EdOOgoohVXHxkgTnuC939s0b"><span style="font-size: 16px;"><strong>委托数量与成交数量</strong>：委托数量指用户在下单前设置的期望成交量。当用户委托量较大时，订单通常会被拆分成多个较小订单依次成交。成交数量即实际已经成交的数量。当委托数量等于成交数量时，代表著委托订单全部成交。</span></div><div class="ace-line ace-line old-record-id-DG2ad1cmoozsSmxYUlXuHty5sxg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GYVxdgyemoGduRx8ElPuFfNusGc"><span style="font-size: 16px;"><strong>委托价格与成交均价</strong>：委托价格指用户在下单时输入的期望成交价格。如果用户在下单时选择限价委托，委托价格等于用户输入的价格；如果用户在下单时选择市价委托，委托价格取决于实际交易结果。当用户委托量较大时，订单通常会被拆分成多个较小订单依次成交。由于行情波动，每个订单实际成交价不一定相同，这些实际成交价的平均值就是成交均价。</span></div><div class="ace-line ace-line old-record-id-IBaidjGvxovBFWx2z1LuLoAFsDd"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/QgAEbdiYOo4ON5xlgqeuk2fqsae/?mount_node_token=RuywdGMCKotrYVxF1kpuKsCTs5b&mount_point=docx_image" data-width="2314" data-height="300" data-lark-image-uri="drivetoken://QgAEbdiYOo4ON5xlgqeuk2fqsae" data-lark-image-width="2314" data-lark-image-height="300" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-OOeSdWUxVo1sEtxPtr9uvkFXsub"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-QtZod5HSKo3Flxxd6i0uy0hosMf"><span style="font-size: 16px;">5.3 历史仓位</span></h3><div class="ace-line ace-line old-record-id-PFT5dGfhvoSJKaxd0dju8o9MsNf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-PZcmdabqroxZIHxWegcuJ8npseJ"><span style="font-size: 16px;"><strong>开仓均价</strong>：仓位平均开仓成本。</span></div><div class="ace-line ace-line old-record-id-FI5Qdz4T8oOXlExecGSuy55nsDh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-AARDdyAmIoHC1dx99vLu3NAys6g"><span style="font-size: 16px;"><strong>平仓均价</strong>：所有平仓交易的平均价格。</span></div><div class="ace-line ace-line old-record-id-BVTXdS2X6oWYAUxH9Wwu5kVisZe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VxcjdQE85o0XcNxNWqBuxmUisEc"><span style="font-size: 16px;"><strong>已实现盈亏</strong>：该仓位产生的所有已实现的盈亏，包含手续费、资金费用和平仓盈亏。 (不包含卡券、MX抵扣的手续费部分。)</span></div><div class="ace-line ace-line old-record-id-GHbcdHhD6oURu0xy5oGuWz4Ws6d"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/TnlEb9nsOoHaWbxlJsJubAgZscf/?mount_node_token=E5WcdA7XZoINTCxRQSuu7UTms1g&mount_point=docx_image" data-width="2318" data-height="232" data-lark-image-uri="drivetoken://TnlEb9nsOoHaWbxlJsJubAgZscf" data-lark-image-width="2318" data-lark-image-height="232" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-OA4LdJeDCopkwHxELqruTlPLsWO"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-Is9JdMtLco8PaVxAR5puQQkssJH"><span style="font-size: 16px;">5.4 资产</span></h3><div class="ace-line ace-line old-record-id-XaXBdEOgjo80tPxFrGjuFZbWsAe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-EzI2dYyx3oeasfxxTgvuh2UOsyf"><span style="font-size: 16px;"><strong>账户权益</strong>：钱包余额+未实现盈亏。</span></div><div class="ace-line ace-line old-record-id-Om1ydEk0YojcEdxNcj4usDqHsgg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RZKZdOLr2oEtwaxKGsSuZhOvsJh"><span style="font-size: 16px;"><strong>钱包余额</strong>：总划转入金-总划转出金+已实现盈亏。</span></div><div class="ace-line ace-line old-record-id-V2PIdwMGbotEcCxCnb1u3jCBspe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-LqJZdN43loJt5Ax2qI7uvPulsic"><span style="font-size: 16px;"><strong>可用保证金：</strong>可用于新开仓的金额。</span></div><div class="ace-line ace-line old-record-id-XfdAdvnytoJotkxWNVOuotfPs4e"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" data-type="image" 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data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/YG25bzHisoiIr4xUzhDuphWXshg/?mount_node_token=Sbrcd6d5LodpLExtAx7u2DiJsPc&mount_point=docx_image" data-width="2316" data-height="298" data-lark-image-uri="drivetoken://YG25bzHisoiIr4xUzhDuphWXshg" data-lark-image-width="2316" data-lark-image-height="298" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-MztFdaQIBoixXtxRyynuyO1VsOY"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ENZNdWkpSoVJC0xJ867uvsIYs1d"><span style="font-size: 16px;">认识合约交易相关的名词，只是学习使用合约工具的第一步，接下来您需要通过交易操作来掌握所学。在开始正式的合约交易之前，您可以先通过使用 MEXC 提供的<a data-lark-is-custom="true" href="https://www.mexc.com/zh-TW/learn/article/17827791509695">合约模拟盘</a>进行练习，熟悉后再使用实盘进行交易。</span></div><div class="ace-line ace-line old-record-id-BkrGdeBpMok5GDxwvVouI7VGs5g"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-V3iZd0Y79oBmnGx6DBGuCOcOsdD"><span style="font-size: 16px;">推荐阅读：</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-WD6tdHBVboW2MgxsdceuZHRCsmk" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/mexc-futures-funding-rate-305432020820705280">MEXC 合约资金费率完整指南：计算方法与查询教程</a></span></div></li><li class="ace-line ace-line old-record-id-TWdgdVe51oxirFxpRokuv6vTspf" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/futures-trading-faq-305425827477864448">合约交易常见FAQ：新手入门必读的完整指南</a></span></div></li><li class="ace-line ace-line old-record-id-Uk8SdfuQro33enxRpkfu6hLZs0e" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/time-in-force-tif-for-futures-trading-305427906242034688">合约交易生效时间完整指南</a></span></div></li><li class="ace-line ace-line old-record-id-IXrVdz8lBoqIvJxoJM9uq3Zjswc" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/a-complete-guide-to-futures-information-terminology-305436590665908224">一文解读合约信息名词</a></span></div></li><li class="ace-line ace-line old-record-id-IqLWdkv0hokzc5xZRfhuuT7Us4d" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-the-mexc-app-305421274812529664">如何在 MEXC App 进行合约交易</a></span></div></li><li class="ace-line ace-line old-record-id-NXScdulHXo87cQxICHNut2ansSd" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-mexc-web-305423980641926144">如何在 MEXC Web 进行合约交易</a></span></div></li></ul></div>

<div data-page-id="QMggdjUhsoXxPMxzrdzu4UGwsJh" data-lark-html-role="root" data-docx-has-block-data="true"><h2 class="heading-2 ace-line old-record-id-A8bfdKx2Iop72xxgaRluqlLPsRg"><strong>1. 什么是自动减仓机制（ADL）？</strong></h2><div class="ace-line ace-line old-record-id-MLeJdvM1Hoor5AxURFfuLvWWsbd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-U3AudOINCoaG0uxvOnQuocUHszc"><span style="font-size: 16px;">自动减仓机制（Auto-Deleveraging），简称 ADL，是加密货币合约交易中一项重要的风险控制机制。当市场出现极端行情波动，或因不可抗力因素导致平台风险准备金不足或急速下降时，系统将启动 ADL 机制来控制整体风险。</span></div><div class="ace-line ace-line old-record-id-PZMadSkg1ojAeMxjUD6uTFM1ske"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NfwvdycFaooK04xWW4Dupi5Pshf"><span style="font-size: 16px;">ADL 的核心逻辑是一种对手方强制平仓机制。系统会根据交易者的杠杆倍数和收益率，按照特定的排序规则，优先对高杠杆、高盈利的账户进行自动减仓操作，从而保障平台的整体资金安全与市场稳定。</span></div><div class="ace-line ace-line old-record-id-M49bdsZ06oLHwWxH6a8um6XFs3f"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-PS8tdJWrboiYOmxNTnbuwa5ssrh"><strong>2. ADL 自动减仓的执行流程</strong></h2><div class="ace-line ace-line old-record-id-FM0cd3k4doMw69xa6smub05isjd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-TWD7dHkBioNpzsxsAUvugB2ss8d"><span style="font-size: 16px;">了解 ADL 的执行流程，有助于交易者更好地理解这一机制的运作方式。</span></div><div class="ace-line ace-line old-record-id-E4bSdm7l4o4qTgxXugBuMi6Wsxc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-FnGvdkTgHouxWIxZGJeuuF7Ssyf"><span style="font-size: 16px;">系统首先会通过收益率和有效杠杆计算出 PNL 排名（PNL 即盈亏表现）。交易策略较为激进且盈利最多的交易者，将被 ADL 机制优先标记为减仓对象。</span></div><div class="ace-line ace-line old-record-id-WQCFdjLaLoyArOxjhv0uvRc2sJd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-S5nXd64fVo2aAoxMigiu7lqssie"><span style="font-size: 16px;">当 ADL 被触发后，系统会自动寻找 PNL 排名靠前的对手方账户，并以破产价格与其进行直接交易，从而完成自动减仓操作。这一过程无需人工干预，完全由系统自动执行。</span></div><div class="ace-line ace-line old-record-id-J6QadJIo6oJr8bxVYB5utBixszg"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-N9ZxdgAMIoCjTcxLbrtuSS4csFf"><strong>3. ADL 自动减仓排序公式详解</strong></h2><div class="ace-line ace-line old-record-id-G04udRYPOoByHJxzmmEuepNMsce"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-NuY8dq430oreZUxrffZusbXVs0c"><span style="font-size: 16px;">自动减仓严格按照以下公式进行排序：</span></div><div class="ace-line ace-line old-record-id-FcVPdeIN5oY0iYxAtGMud15Lsqc"><span style="font-size: 16px;"><strong>排序 = 盈利百分比 * 有效</strong><strong>杠杆</strong><strong>（如果盈利）= 盈利百分比 / 有效杠杆（如果亏损）</strong></span></div><div class="ace-line ace-line old-record-id-YpgjdnYvioSzomxDt4UuCErAsFe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ZaaTdwgJVoE1SGxilV7ujveosbD"><span style="font-size: 16px;">其中：</span></div><div class="ace-line ace-line old-record-id-JcPddIK2how77vxiAiUuj3jdsTe"><span style="font-size: 16px;">有效杠杆 = （合理价值） / （合理价值 - 破产价值）</span></div><div class="ace-line ace-line old-record-id-IBOFdV8aHoirVQxhQ1gu13lisTe"><span style="font-size: 16px;">盈利百分比 = （合理价值 - 平均开仓价值） / （平均开仓价值）</span></div><div class="ace-line ace-line old-record-id-RYD9d5PqUod901xVggouIAEysbf"><span style="font-size: 16px;">合理价值 = 位于合理价格时的仓位价值</span></div><div class="ace-line ace-line old-record-id-JPX0daWpRognYmxvDAhuQXO5s8c"><span style="font-size: 16px;">破产价值 = 位于破产价格时的仓位价值</span></div><div class="ace-line ace-line old-record-id-N4SGdDbvMobmBkxkhu2u0xDUsJb"><span style="font-size: 16px;">平均开仓价值 = 位于平均开仓价格时的仓位价值</span></div><div class="ace-line ace-line old-record-id-Gs0hdZA4IodG0nxrz6OukLdJseb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ZxhfdY2LGoF8LMxkPTCua8ZvsFd"><strong style="font-size: 16px;">注意：系统双方将分开由高至低排序。</strong></div><div class="ace-line ace-line old-record-id-KrU2deeksotlVwxyFtUuVlf2sSh"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-SggodHpDOoC340xvqWbuaWcEs1b"><strong>4. ADL 指示灯等级说明</strong></h2><div class="ace-line ace-line old-record-id-TbjkdF5vsoy5UMxMKmYu0XRhsJe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Ug2kdW1m8oGtjaxyBHKuT6mysyc"><span style="font-size: 16px;">MEXC 平台设置了 ADL 指示灯功能，帮助用户直观了解自己仓位在自动减仓序列中的位置。ADL 指示灯共分为 5 个等级，分别对应 0 至 4 格亮灯。</span></div><div class="ace-line ace-line old-record-id-QvBUds6tpoZWj9xMhYzuhRk3sRc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-QYS9djx4korpo1x47AGuivaWs6g"><span style="font-size: 16px;">排序逻辑按照单交易对仓位单张盈利越大排名靠前，多空分开：</span></div><div><table class="ace-table" data-ace-table-col-widths="170;142;142" style="border:none;border-collapse:collapse;table-layout:fixed;width:500px;"><colgroup><col width="170"><col width="142"><col width="142"></colgroup><tbody><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-QEcTd2RAjoQKRVxXBq9u4QMkseb"><span style="font-size: 16px;">盈利排名区间</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-N9u0dSYocos1wdxCAqPuARhksTb"><span style="font-size: 16px;">ADL 等级</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-OPGJdgfPlohA9Ixk72AuFNCBsJb"><span style="font-size: 16px;">亮灯格数</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-XPQ1ds8FeolWzuxdGMsu2fIgseP"><span style="font-size: 16px;">前 25%</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Cr8adPMZWoVGxixSLNfu7sCIsNe"><span style="font-size: 16px;">等级 4</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Xpi9dQyXso3Okqx3BkyuSAIfsCf"><span style="font-size: 16px;">亮 4 格</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-EvCxd8BCnoqPnaxv9CFukfYpsOd"><span style="font-size: 16px;">25% - 50%</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Bm06ddM61o0ffzxz1uwudAiWszg"><span style="font-size: 16px;">等级 3</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-SWohdihsJoEdoExe6lpufFpKs4d"><span style="font-size: 16px;">亮 3 格</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-KbI9dtxQ7oAc8qxSdMHuRcC4sOc"><span style="font-size: 16px;">50% - 75%</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-JvaBd9PQ1ozyHexkW0muyrkvsOh"><span style="font-size: 16px;">等级 2</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-Q9vpdcSDAoGu51xLRMkuLqYjs1d"><span style="font-size: 16px;">亮 2 格</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-ObWCdwEiioDAuzxZ5v1ugKDSsNh"><span style="font-size: 16px;">75% - 100%</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-EnF8dKpG9okdS8xaV9PupxQgszf"><span style="font-size: 16px;">等级 1</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-O9ATdHoQboFrqvxu8FvufrDts4e"><span style="font-size: 16px;">亮 1 格</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-RWBhdBDVyoRHl9xV38curKetsMj"><span style="font-size: 16px;">亏损仓位</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-DWjRdjcZ4oC38kxZ8FcuprKGsnz"><span style="font-size: 16px;">等级 0</span></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-QYCzdQAnzoMbRGxb7CRuI3R5sUc"><span style="font-size: 16px;">不亮</span></div></td></tr></tbody></table></div><div class="ace-line ace-line old-record-id-DPP9dK1wsoypAPxksYWueH3wsVh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Q7LrdrlJaofpxYxClH7uOiO9s0d"><span style="font-size: 16px;">ADL 指示灯亮灯越多，表示该仓位在自动减仓序列中的排名越靠前。当指示灯全部亮起时，意味着如果发生自动减仓事件，该仓位将优先被系统减仓。交易者应密切关注 ADL 指示灯状态，及时调整仓位策略。</span></div><div class="ace-line ace-line old-record-id-SANydJd8RozmA5xmih3ubypQseb"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-ULQxdh4VZoph4Bxnr44ulT4zs5e"><strong>5. 如何降低被自动减仓 ADL 减仓的风险</strong></h2><div class="ace-line ace-line old-record-id-RrH8d9tlnoeQsxxlDtXupdYWsm1"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VeH8dBC9zo1lNvx9hjeui27Rs8b"><span style="font-size: 16px;">为了有效降低被 ADL 机制影响的风险，建议交易者采取以下措施：</span></div><div class="ace-line ace-line old-record-id-UtE6dAqaMoDg9gxvu0duhPvqsPc"><span style="font-size: 16px;"><strong>1）控制杠杆倍数</strong>：选择适当的杠杆倍数，避免过高杠杆导致排序值上升。</span></div><div class="ace-line ace-line old-record-id-QXk6daASmojZgHx0i85u23zCsTc"><span style="font-size: 16px;"><strong>2）分批止盈</strong>：及时锁定利润，降低浮盈集中度，减少被系统优先标记的概率。</span></div><div class="ace-line ace-line old-record-id-S8NBd99lwo5wf9xW517uYEAMsFg"><span style="font-size: 16px;"><strong>3）设置止盈止损</strong>：合理设置止盈止损点位，避免极端行情下的被动减仓。</span></div><div class="ace-line ace-line old-record-id-O4oId2fQ0oZH4Vx4wzsuGsxZsjb"><span style="font-size: 16px;"><strong>4）关注 ADL 指示灯</strong>：定期检查仓位的 ADL 等级，当亮灯较多时考虑主动调整仓位。</span></div><div class="ace-line ace-line old-record-id-HiUvdbcttoRJwGxa6MKuW1mNskR"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-M4sddbf9zoxR1jxLDBHuQO5Ws9g"><span style="font-size: 16px;">推荐阅读：</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-ToW4dHHmRoCIIjxuPWRuWzWespg" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/mexc-futures-funding-rate-305432020820705280">MEXC 合约资金费率完整指南：计算方法与查询教程</a></span></div></li><li class="ace-line ace-line old-record-id-CdKJdV0qsofA1AxxOaauCJIFsrb" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/futures-trading-faq-305425827477864448">合约交易常见FAQ：新手入门必读的完整指南</a></span></div></li><li class="ace-line ace-line old-record-id-AiTzdmZ3mo40kixHJweuxAqjsDe" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/time-in-force-tif-for-futures-trading-305427906242034688">合约交易生效时间完整指南</a></span></div></li><li class="ace-line ace-line old-record-id-Z9Rfd9KdOof7TExMCPcuY3vysBb" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/a-complete-guide-to-futures-information-terminology-305436590665908224">一文解读合约信息名词</a></span></div></li><li class="ace-line ace-line old-record-id-FkTRdSeYKoTOTqxBgn6uH372szd" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/futures-trading-page-terminology-guide-7951093588505">合约交易页面名词解读</a></span></div></li><li class="ace-line ace-line old-record-id-BWaXdd4ddoopKGxcsqGugf9SsBb" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/faq-on-index-price-fair-price-and-last-price-7950960183961">指数价格、合理价格和最新成交价常见问题解答</a></span></div></li></ul><div class="ace-line ace-line old-record-id-UaPPdZdljoLHRZxiR0LuGwfXsne"><span style="font-size: 16px;"><br></span></div></div>

<div data-page-id="WThWds2hBoIAopxmtmhuROcjs4H" data-lark-html-role="root" data-docx-has-block-data="true"><div class="ace-line ace-line old-record-id-E0Dsdwn9aoQuWaxITIYubuveswg"><span style="font-size: 16px;">加密货币合约交易中，一些用户遭遇过下单后订单被系统取消的情况，这通常与生效时间有关。本文将深入解析合约交易中的生效时间，帮助您掌握不同生效时间的使用方法，提升合约交易效率。</span></div><div class="ace-line ace-line old-record-id-RF51dj0vRoNRkExHl2nuokU7sGg"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-W1R7dqUrXort6qxZaVZuWLYUslh"><strong>1. 什么是合约生效时间？</strong></h2><div class="ace-line ace-line old-record-id-GE2oddcV1o8zsSxalrluzU2wsue"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UbUPdELpnoctRjxaEpduep2yshd"><span style="font-size: 16px;">合约生效时间是指您的订单在被执行之前维持有效的时间范围。简单来说，它决定了您的挂单能在订单簿中“存活”多久。如果订单在指定时间内未能成交，系统将自动取消该订单。</span></div><div class="ace-line ace-line old-record-id-HSJbdicmFoPq2nxphA2uDfKCssg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-WLeqdXTXBokPK0xUK1eujEOQsrd"><span style="font-size: 16px;">理解生效时间的重要性在于：正确设置生效时间能够显著提高订单成交率，避免错失理想的入场时机，同时有效管理风险敞口，防止订单在市场剧烈波动时被意外触发。</span></div><div class="ace-line ace-line old-record-id-HXzzdgsGdoLQhQx6SnbufW5bsic"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-MZnndsw1Qoi589x1jj0uLKUVsRg"><span style="font-size: 16px;">在 MEXC 合约交易平台上，共有六种委托类型：限价、市价、追逐限价委托、计划委托、跟踪委托和只做 Maker。其中，限价委托、市价委托和计划委托支持生效时间设置。</span></div><div class="ace-line ace-line old-record-id-F4sCdBYUDoxSAWxv5ysuLHoLsFk"><span style="font-size: 16px;"><br></span></div><div style="text-align:center" class="ace-line ace-line old-record-id-SK1cd7mHNoWNxexJEcSuZsOXsCd"><span style="font-size: 16px;">*BTN-<strong>合约交易</strong>&BTNURL=<a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDT">https://www.mexc.com/futures/BTC_USDT</a>*</span></div><div class="ace-line ace-line old-record-id-BqAXdaEKyowFIBxnDmWuKQ6Nsoc"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-WnrydHLDaoiyg4xwf7YuNh6sslf"><strong>2. 不同下单模式的生效时间详解</strong></h2><div class="ace-line ace-line old-record-id-ZxTFdqD8oo9hFpx4NHqu0aftsBA"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-Lu7AdIMnEoGZvsxMsHTuMtHmsdh"><span style="font-size: 16px;">2.1 限价委托的生效时间设置</span></h3><div class="ace-line ace-line old-record-id-IHo9dW7hmoHMQGxMV0uu5SEvsVb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-I89CdlTN5o9c3Ux15qUuFMWpsRf"><span style="font-size: 16px;">限价委托是合约交易中最常用的订单类型，MEXC 为其提供三种生效时间选项：</span></div><div class="ace-line ace-line old-record-id-EXECd0jqFodsjOxcbdluWsWaskh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GKsedlL65o4UYFxsHHBuDLHtsxf"><strong style="font-size: 16px;">GTC（Good Till Canceled，一直有效直到取消）</strong></div><div class="ace-line ace-line old-record-id-JWa1dVtenojPOkxkMTUuOis3sid"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-GG6Pdz5T9ootATxqNORuZTTksAD"><span style="font-size: 16px;">GTC 订单将持续有效，直到完全成交或被您手动取消。系统不会因时间限制而自动撤单。这种模式适合不急于成交、愿意等待理想价位的交易者，常用于波段交易或被动挂单积累策略。</span></div><div class="ace-line ace-line old-record-id-HByYd41HWosOu4xGxsQuJd1Xste"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-PDJCdJsbvoULwcxFMK8u9atOsMA"><span style="font-size: 16px;">例如，当前 BTC 价格为 100,000 USDT，您认为价格回落至 90,000 USDT 时是理想开仓价格。此时使用 GTC 限价买单挂在 90,000 USDT，即使短期内价格未触及，订单也会持续等待，直到成交或您主动取消。</span></div><div class="ace-line ace-line old-record-id-QCtod6UPYoOGrwxSzjJuq4jKsSd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-XYeKdzrSboBo17xGmNuufMgAsZg"><strong style="font-size: 16px;">IOC（Immediate or Cancel，立即成交或取消）</strong></div><div class="ace-line ace-line old-record-id-ZHxSdrz8GoXQEvx88lMuUDyFsQb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-BgSudrLzOoBwRgx36ueuUH86s4d"><span style="font-size: 16px;">IOC 订单要求系统立即以指定价格尝试撮合。能够即时成交的部分将被执行，未成交部分则自动取消，不会挂在订单簿中等待。</span></div><div class="ace-line ace-line old-record-id-XKqVdCbUzoyX46xyV4puwNRRs5b"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-EWaedOCdao1NYcx8s5eukxH3scd"><span style="font-size: 16px;">例如，您下单以 91,000 USDT 买入 10 张 BTC 合约，但市场上该价位仅有 6 张可供成交。IOC 模式下，系统会立即成交 6 张，剩余 4 张自动取消。这种模式适合高频交易或大额交易中追求快速部分成交的场景。</span></div><div class="ace-line ace-line old-record-id-CSTDdZMaeo9gycxyrvjus029s3g"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Lx6Mdw9VyoaInoxDPKeuj9IysZd"><strong style="font-size: 16px;">FOK（Fill or Kill，全部成交或取消）</strong></div><div class="ace-line ace-line old-record-id-XFOKdrVGIoGuKDxcLsTup8Hfsad"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-DFmqdGtBLoyJprxiSiSuTtgssFf"><span style="font-size: 16px;">FOK 订单采用全部成交有或全部取消的执行逻辑。只有当市场深度足以让整个订单一次性全部成交时，订单才会执行；否则系统将立即撤销整个订单，不执行任何部分。</span></div><div class="ace-line ace-line old-record-id-EuBGdc1hJoxhhvxfGtKunkm6sdg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-BjIbdDR1NoXunNxkFKtu4TBZsYb"><span style="font-size: 16px;">例如，您想以 91,000 USDT 买入 10 张合约，但市场上仅有 8 张可即时成交。由于无法满足全部成交的条件，FOK 模式下系统会直接取消整个订单。这种模式适合对滑点高度敏感的大宗交易、套利或对冲策略。</span></div><div class="ace-line ace-line old-record-id-VTR0dqNl9o9QsOxo1PkuS0d5s2e"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-FfjJdFl81oKfS4xYs4pu8qsNsuX"><span style="font-size: 16px;">2.2 市价委托的生效时间设置</span></h3><div class="ace-line ace-line old-record-id-EF9cd2DV6oTHEfxnVtUum4hvsyc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UTWBdL6GQoJcRmxdaERuzaTJsBg"><span style="font-size: 16px;">市价委托通常用于追求快速成交，但在剧烈波动的市场中可能面临滑点风险。MEXC 提供市价转限价（Market-to-Limit，MTL）订单来平衡执行效率与价格控制。</span></div><div class="ace-line ace-line old-record-id-TL8XdgOvuo8V0txrsiiuSP4hswb"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-K9xfd86nXoKhG4xL4PSu8MOWspb"><span style="font-size: 16px;">MTL 订单首先以市价单形式提交，按当前最优价格立即执行。如果订单仅部分成交，剩余部分将自动转换为限价单，限价设定为已成交部分的平均价格，挂在订单簿中等待后续成交。</span></div><div class="ace-line ace-line old-record-id-WDMqdVKbvoZDBIxp7oyuUEvvsrh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-M6iHdtTZWolTwax2yZjujigcssb"><span style="font-size: 16px;">例如，当前 BTC 市价为 91,000 USDT，您下达 MTL 买单购买 10 张合约。系统以 91,000 USDT 立即成交 7 张，剩余 3 张自动以 91,000 USDT 的限价单形式挂出，等待成交。这种机制有效防止在波动行情中整个订单以过高价格成交。</span></div><div class="ace-line ace-line old-record-id-UYkadkDPZoCinexXZMxuJZNosic"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-VdrydloEkopbMExYAQHuqjmisAg"><span style="font-size: 16px;">2.3 计划委托的生效时间设置</span></h3><div class="ace-line ace-line old-record-id-IpR7dI88boyNPyxYSzauwKmosmg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Pq6zdYzk8oihihxZWTgunIbJsag"><span style="font-size: 16px;">计划委托是一种条件订单，用于在价格达到预设条件时自动下单。MEXC 提供三种生效时间选项：</span></div><div class="ace-line ace-line old-record-id-TchqdeTuto5xAxxu3Wiu4xAwsmc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-QNqUdtyreoqFJlxPG9gum7zKszf"><span style="font-size: 16px;">24 小时有效适合短线交易者追踪日内价格波动，快速响应突破行情。</span></div><div class="ace-line ace-line old-record-id-Q0F8dcsvWoP5iQxdRnnu6GJ4sTd"><span style="font-size: 16px;">7 天内有效适合波段交易和事件驱动策略，例如围绕重要经济数据发布进行布局。</span></div><div class="ace-line ace-line old-record-id-JOesdsdP4ot0fqx19LpuoG6JsYb"><span style="font-size: 16px;">长期有效则适合趋势跟踪者和分批建仓策略，订单将持续有效直到被触发或手动取消。</span></div><div class="ace-line ace-line old-record-id-PEJrdsrW4op25NxXN9Zuox0Qspc"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-APILdnh1voz7s4xhZteuxpFysiX"><span style="font-size: 16px;">需要注意的是，计划委托只有在满足触发条件后才会提交市价单或限价单。设置合理的有效期能够避免过期订单被遗忘后意外触发。</span></div><div class="ace-line ace-line old-record-id-SOhkd8a0xoigaVxwyPYu59fLs6f"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-UOf3dBHLvoBL4AxK1ACu98CZsEc"><span style="font-size: 16px;">2.4 生效时间的设置方法</span></h3><div class="ace-line ace-line old-record-id-AVQLdBec6oiukvxHn0aukcrysEf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-To7CdY5ZXoIbZsx8EYFuJELbs5g"><span style="font-size: 16px;">在 MEXC <a data-lark-is-custom="true" href="https://www.mexc.com/futures/BTC_USDT">合约交易</a>页面，在下单区域选择您需要的委托类型（限价、市价或计划），在【开多】/【开空】按钮上方即可看到生效时间，根据您的交易需求进行设置。</span></div><div class="ace-line ace-line old-record-id-ZUvLdgJN1oCWs5xcoGQutAXGsPc"><span style="font-size: 16px;"><br></span></div><div 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data-snapshot="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" data-suite="eyJmaWxlVG9rZW4iOiJPdTdsYnU0TFZvSEM4bXhJM2J4dXZ0N3dzRGIiLCJvYmpUeXBlIjoiZG9jeCIsIm9ialRva2VuIjoiWlZkY2RWZEVPb3ExRG94UmZ0MHVudWlPc2pjIiwib3JpZ2luU3JjIjoiaHR0cHM6Ly9pbnRlcm5hbC1hcGktZHJpdmUtc3RyZWFtLmxhcmtzdWl0ZS5jb20vc3BhY2UvYXBpL2JveC9zdHJlYW0vZG93bmxvYWQvcHJldmlldy9PdTdsYnU0TFZvSEM4bXhJM2J4dXZ0N3dzRGIvP3ByZXZpZXdfdHlwZT0xNiJ9" data-src="https://internal-api-drive-stream.larksuite.com/space/api/box/stream/download/all/Ou7lbu4LVoHC8mxI3bxuvt7wsDb/?mount_node_token=ZVdcdVdEOoq1DoxRft0unuiOsjc&mount_point=docx_image" data-width="2932" data-height="1460" data-lark-image-uri="drivetoken://Ou7lbu4LVoHC8mxI3bxuvt7wsDb" data-lark-image-width="2932" data-lark-image-height="1460" data-host-from-cloud="true" style="max-width: 100%; height: auto; border-radius: 12px; font-size: 16px; width: 750px;"></div><div class="ace-line ace-line old-record-id-FZdJd9y8eoBYXmxfyH7uZYUcsPd"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-BRi3dl9LNo52Fax7ag4ufbcgspd"><strong>3. 为什么生效时间值得关注？</strong></h2><div class="ace-line ace-line old-record-id-Top8dQppiohaUxxQIb7u0Z1NsSh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-L5o8drPcwoR4OJxN5cjugJyosdd"><span style="font-size: 16px;">正确设置生效时间对合约交易者而言至关重要，主要体现在以下几个方面：</span></div><div class="ace-line ace-line old-record-id-G26Ud9wVFoXpEyx2tbOuvAz9sxg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VLljd6NUyop8cNxa14HuB7yVsTe"><span style="font-size: 16px;"><strong>提升成交效率</strong>：选择合适的生效时间确保订单在您预期的时间范围内保持活跃，降低错过市场机会的概率。</span></div><div class="ace-line ace-line old-record-id-IJowd7GBMoLF7KxjUcJu0IC1sVY"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-DSTtdwwMyo9RmZxS6mBugdZKsHc"><span style="font-size: 16px;"><strong>避免遗忘订单</strong>：设置 24 小时或 7 天等较短的有效期，可以防止过期订单在市场反转时被意外成交，造成不必要的损失。</span></div><div class="ace-line ace-line old-record-id-D0DndWIBqoFh9hxRmSHuwSTIsqf"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-UUnad52xBoo0FWxNtNZugcrJsUg"><span style="font-size: 16px;"><strong>精准执行策略</strong>：FOK、IOC、GTC 等不同选项能够满足多样化的风险管理需求，无论您追求即时成交还是全额执行，都能找到匹配的方案。</span></div><div class="ace-line ace-line old-record-id-SJ9udVwoLoveBCx2HkyuMdkksUe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Gg2cdXa4jo9PSQxdpRzuytqjsod"><span style="font-size: 16px;"><strong>控制风险敞口</strong>：防止订单在市场中长时间挂单，减少剧烈价格波动期间意外成交的风险。</span></div><div class="ace-line ace-line old-record-id-LUkEddca9otw0GxR8O8uijolsur"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Xay9d5HOoofY5JxSLyYuTpYOs4g"><span style="font-size: 16px;">根据不同的交易风格，建议参考以下配置：日内交易者可优先选择 IOC 或 24 小时有效的计划委托；波段交易者适合使用 GTC 或 7 天有效期；做市与套利策略推荐 FOK 配合只做 Maker 订单；趋势跟踪者可考虑长期有效的计划委托或跟踪止损订单。</span></div><div class="ace-line ace-line old-record-id-XyEDdY8ycoEK9dxOJEouS5Vsseg"><span style="font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-WZQYdPMiKokLHIxm7UOuVPrMs7f"><strong>4. 生效时间常见问题解答</strong></h2><div class="ace-line ace-line old-record-id-KaZndCRl0oecO4xYpL3uvD22sOc"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-RUEcdmpMVoJxbPxNa67u3XKGs3Q"><strong style="font-size: 16px;">4.1 GTC 是什么意思？</strong></h3><div class="ace-line ace-line old-record-id-EdxVdsws1o8TJRxbGAbuwRnJsWe"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VZMjdhwq5oQOQ9xzojKuIkGZsSh"><span style="font-size: 16px;">GTC 即 Good Till Canceled，表示订单将一直有效，直到完全成交或被您手动取消。系统不会因时间到期而自动撤销该订单。</span></div><div class="ace-line ace-line old-record-id-JBbPdjchRoyaI2xp02eux1gusGc"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-R2DHdOoSVovniSxIAMiuB7rUsqh"><strong style="font-size: 16px;">4.2 IOC 和 FOK 有什么区别？</strong></h3><div class="ace-line ace-line old-record-id-JecHdbJhtobWouxhEv8uHnUSsSg"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-BAzQdmPF2o58KxxohPUudix6sLd"><span style="font-size: 16px;">IOC（立即成交或取消）允许部分成交，未成交部分自动取消；FOK（全部成交或取消）要求订单必须全部成交，否则整个订单都会被取消，不执行任何部分。</span></div><div class="ace-line ace-line old-record-id-Sidvd9sLyocdcuxo0XEuNjcNs07"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-WfTcdsSgkoEZ6jxmhWBu8jPdsMf"><strong style="font-size: 16px;">4.3 为什么我的合约订单会被自动取消？</strong></h3><div class="ace-line ace-line old-record-id-RvozdL1LAoHkfBxraLuuGV7xsZd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-DIdHdFh8eoNHGgxQ8xYusVIHsLf"><span style="font-size: 16px;">最常见的原因是生效时间设置不当。如果您使用了 IOC 或 FOK 模式，而市场深度不足以满足成交条件，订单就会被系统自动取消。另外，计划委托超过设定的有效期也会被自动撤销。</span></div><div class="ace-line ace-line old-record-id-EvuGdOPAAo37Eaxv7tUuTVsGsoe"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-Zp4zd8ErOo5K4XxWNB3uG41XsCe"><strong style="font-size: 16px;">4.4 什么情况下应该使用 MTL 订单？</strong></h3><div class="ace-line ace-line old-record-id-LiORdynN0oeg8vxgNoBubLB7sJh"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-JTozdYfdAo7czuxpuCwufcSvsqd"><span style="font-size: 16px;">当您希望快速成交但又担心市场波动导致滑点过大时，MTL 是理想选择。它结合了市价单的执行速度与限价单的价格保护，未成交部分会以合理价格挂单等待。</span></div><div class="ace-line ace-line old-record-id-YULzd04egohORjxyNy4uhpRxsGf"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-WPLsdDS9loVGTax7RFRutWknssh"><strong style="font-size: 16px;">4.5 跟踪止损订单和只做 Maker 订单支持生效时间设置吗？</strong></h3><div class="ace-line ace-line old-record-id-OlEldfbPdoyiEbxjObDummxrsrd"><span style="font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RqcNdmbiLoUkZ3xsJrIu3ebrsPQ"><span style="font-size: 16px;">不支持。跟踪止损订单和只做 Maker 订单在 MEXC 平台上不提供生效时间设置选项，但它们在特定策略中仍具有重要作用。跟踪止损用于动态止盈止损，只做 Maker 则确保订单以挂单方式成交以获取 Maker 手续费优惠。</span></div><div class="ace-line ace-line old-record-id-OaXedm4B2oPCt5xLU65uRsxmsbh"><span style="font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-Tj1NdQTdkofLK7xIVuWuv6i2sLE"><span style="font-size: 16px;">其他合约内容推荐阅读：</span></h3><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-U5rZd6ISyoCOknx1iL2u8XRgsGb" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/mexc-app-navigation-305429821797449728">MEXC App 首页导航完整指南</a></span></div></li><li class="ace-line ace-line old-record-id-HO80diiGUohemAxJiMrua57OsT0" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-the-mexc-app-305421274812529664">如何在 MEXC App 进行合约交易</a></span></div></li><li class="ace-line ace-line old-record-id-RXMVdj5eQoBpYsxddFBup0u2sWh" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/how-to-trade-futures-on-mexc-web-305423980641926144">如何在 MEXC Web 进行合约交易</a></span></div></li><li class="ace-line ace-line old-record-id-W1jxdEIygojkvbx5RJNuEIfLsdf" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/futures-trading-faq-305425827477864448">合约交易常见FAQ：新手入门必读的完整指南</a></span></div></li><li class="ace-line ace-line old-record-id-GY5sdMn5Kof0ljx77q8uP7QOsqr" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/mexc-futures-funding-rate-305432020820705280">MEXC 合约资金费率完整指南：计算方法与查询教程</a></span></div></li><li class="ace-line ace-line old-record-id-R9nFdhVxDo1GhoxI7THuyq6TsVb" data-list="bullet"><div><span style="font-size: 16px;"><a href="https://www.mexc.com/support/article/faq-on-index-price-fair-price-and-last-price-7950960183961">指数价格、合理价格和最新成交价常见问题解答</a></span></div></li></ul><div class="ace-line ace-line old-record-id-G9FVdSOt6o90OmxHd9muOtuzskZ"><span style="font-size: 16px;"><br></span></div></div>