Platform Guides

只减仓不是普通按钮，而是一条约束规则，用来避免退出订单在快速行情中反而增加风险敞口。

Reduce-only is not just a button. It is a rule that prevents an exit order from increasing exposure when markets move quickly or orders execute out of sequence.

Kraken、Binance 和 OKX 的差异不只是杠杆倍数，交易者更应比较抵押品、地区可用性、流动性和退出工具。

Kraken, Binance and OKX compete on liquidity, product breadth and leverage, but traders should rank platforms by collateral clarity, regional access and exit tools.

Kraken 衍生品交易者应在开仓前确定保证金模式、杠杆和退出逻辑，因为持仓建立后模式不能随意切换。

Kraken derivatives traders should decide margin mode, leverage and exit logic before entry because the mode cannot be switched after the position is open.

交易所储备页面能提高透明度，但必须结合负债、资产覆盖范围、托管安排和提现风险一起判断。

Exchange reserve pages can improve transparency, but they should be checked together with liabilities, asset scope, custody arrangements and user withdrawal risk.

永续合约资金费率可以反映多空失衡，但交易者应先把它当作会改变盈亏结构的持仓成本。

Perpetual futures funding can show market imbalance, but traders should first treat it as carry that changes position economics.