Contract Trading

Ondo’s equity perpetuals highlight the next RWA trading experiment: tokenized stocks as collateral, round-the-clock markets and leverage that needs strict risk limits.

强平不只由杠杆倍数决定，还取决于保证金余额、维持保证金、标记价格和平台规则。开仓前应先检查安全缓冲。

Liquidation is driven by margin balance, maintenance margin, mark price, and venue rules. A simple buffer checklist can prevent leverage from becoming accidental all-or-nothing risk.

两类订单都从触发价开始，但解决的问题不同。现货或合约设置止损前，应先弄清楚自己要的是成交确定性还是价格控制。

Both orders start with a trigger price, but they solve different problems. Use this checklist before setting stops on spot or futures positions.

资金费率不只是小额费用，它能反映拥挤仓位、抬高持仓成本，并改变一笔合约交易的盈亏比。

Funding is not just a small line item. It can reveal crowded positioning, raise holding costs, and turn an otherwise good contract trade into a poor risk-reward setup.

API Key可以用于自动交易和报表工具，但权限过大、没有IP白名单或长期不清理，都会变成账户风险。

API keys can automate trading and reporting, but careless permissions, missing IP allowlists and stale keys can turn convenience into account risk.

微型比特币和以太坊期货有助于更精细地控制敞口，但保证金、波动和基差风险仍需要期货化风控。