Contract Trading

Crypto trading bots are not interchangeable. Spot grid, futures grid and DCA tools solve different workflow problems and expose traders to different kinds of downside.

美国上市的加密期货产品可能让费用和清算更清晰，但交易者仍要理解合约条款、强平和抵押品风险。

U.S.-listed crypto futures products may clarify fees and clearing, but traders still need to understand contract terms, liquidation and collateral risk.

自动减仓位于强平引擎和保险基金之后，在压力行情中，高杠杆盈利者也可能受到影响。

Auto-deleveraging sits behind liquidation engines and insurance funds, and profitable high-leverage traders can be affected during stressed markets.

跟单可以简化执行，但跟随者设置、回撤限制、费用和滑点才决定产品是否适合你的风险承受能力。

Copy trading can simplify execution, but follower settings, drawdown limits, fees and slippage decide whether the product fits your risk profile.

Kraken的临近强平框架给出四个选择：追加保证金、减仓、在强平价前设置止损，或主动平仓接受可控亏损。

Kraken’s near-liquidation framework points to four choices: add margin, reduce size, use a stop, or close the position deliberately.

永续合约没有到期日，因此资金费率就是让合约价格贴近现货的周期性成本。隔夜或长时间持仓前，交易者应先计算这笔费用。