随着数字货币市场的不断进步，越来越多的投资人开始投入到这一领域中。而其中最热门的交易方式之一便是合约交易。在币圈里，合约交易广泛应用于期货、杠杆交易等方面。那么，什么叫币圈合约呢?币圈合约术语有哪些呢?下面，我们一起来看看。
As the digital currency market progresses, more and more investors are beginning to invest in this area. One of the most popular of these transactions is contract transactions. In the currency circles, contract transactions are widely applied to futures, leverage transactions, etc. So what is the currency contract? What is the currency contract term?
合约其实就是跟交易所签订合同，缴纳一定的担保金，合约分两种，一种是交收合约，一种是不断合约，交收合约就是有交割期的，就和期货一样，到了交收时间会自动强平，不断合约是没有时间期限的，合约便是买多买空，行情上涨买多就挣钱，行情下跌买空就挣钱，随后添加杠杆的方式来开展交易，杠杆倍数可以自由选择，不同的杠杆倍数风险不同。合约其实在是杠杆交易的前提下进行了优化，让用户可以更好的操作交易，相比现货来讲做合约多了一个买空(所谓买空便是买跌)的挑选，因此相对现货更加灵活一点。
Contracts are in fact contracts with the exchange, with a certain amount of security, with two types of contracts, one with an ongoing contract, with a delivery period, and, like futures, with an automatic balance at the time of delivery, with no period of time, with contracts buying more space, buying more money from higher prices, earning more money from falling prices, and then trading with leverage in a way that is free to choose, with different types of leverage risk. Contracts are actually optimized in the context of leveraging transactions, allowing users to operate better, with a more flexible choice of buying (so-called buying and falling) than making a contract.
随着虚拟币发展虚拟币合约交易逐渐成为一种热门交易方式，它是一种通过合约而非实际购买或持有资产的交易方式，这些合约通常是衍生品，允许交易者基于虚拟币价格的涨跌进行投机或对冲。合约交易涉及到杠杆、多头空头等等，不同的合约类型有不同的玩法，所以投资者对于虚拟币合约交易怎么玩？也比较难理解，其实只要了解合约交易的概念，并在交易所内逐步探索就能懂。
As virtual currency development virtual currency contract transactions develop into a popular mode of trading, it is a way of dealing through contracts rather than actually buying or holding assets, which are often derivatives that allow traders to speculate or hedge on the basis of virtual currency price increases or falls. Contract transactions involve leverage, multi-headings, etc., and different types of contract play different ways, so how do investors play virtual currency contract transactions?
合约价格是指在合约到期时，数字货币的价格。通常情况下，合约价格是由市场中的供求关系决定的，即市场投资人在交易环节中产生的价格。
Contract prices refer to the price of the digital currency when the contract expires. Normally, the contract price is determined by the supply-demand relationship in the market, i.e. the price generated by the market investor in the course of the transaction.
合约量是指在合约到期时，交易的总数。通常情况下，合约量是由投资人在交易环节中决定的。
The amount of the contract is the total number of transactions when the contract expires.
杠杆是指投资人在交易过程中所使用的贷款。通常情况下，投资者可以在自身的本金上提升一定的杠杆，进而放大自己的盈利。
Leverage is the loan that an investor uses in the course of a transaction. Normally, an investor can leverage its own principal, thereby increasing its profitability.
合约担保金是指投资人在交易过程中所需缴纳的担保金。通常情况下，合约担保金是依据合约数量及交易价格来计算的。
Contract security is the amount of security that the investor is required to pay in the course of the transaction.
合约期满日期是指合约交易的最后一个交易日期。通常情况下，在合约期满日期以前，投资人必须决定是否继续持有合约，或是把它售出。
Usually, before the contract expires, the investor must decide whether to continue holding the contract or sell it out.
虽然币圈合约交易能够给投资者带来巨额的盈利，但也存在一定的风险。在开展合约交易时，投资人必须仔细斟酌自己的风险承受度，避免因盲目跟从市场趋势而导致的重大损失。
While currency-circle transactions can generate huge profits for investors, there are also risks. In entering into contract transactions, investors must carefully consider their own risk tolerance to avoid significant losses from blind follow-up to market trends.
保证金率是反应仓位安全程度的指标，保证金率越高，代表仓位越安全。
The bond rate is an indicator of the level of security in response to the warehouse, and the higher the bond rate, the safer it is.
那么，保证金率如何计算？欧易统一账户提供多种保证金模式类型，我们分为单币种保证金模式-全仓、跨币种保证金模式-全仓、单/跨币种保证金模式-逐仓来分别展示其计算方法。
So, how are the bond rates calculated? The OEF accounts provide a variety of types of bond models, divided into single-currency guarantee models - full warehouse, cross-currency deposit models - full warehouse, single/cross-currency deposit models - showing their calculations on a case-by-case basis.
1）单币种保证金模式，全仓交易
(1) Single currency guarantee model, full warehouse transactions
保证金率 =（该币种全仓内余额 + 全仓收益 – 该币种挂单卖出数量 – 期权买单所需要的该币种数量 – 逐仓开仓所需要的该币种数量 – 所有挂单手续费）/（维持保证金 + 爆仓手续费）。
Bond rate & nbsp; = (the full warehouse balance of the currency & nbsp; + full warehouse revenue & nbsp; – – & amount of currency required for options – & amount of currency & nbsp; – & nbsp; – & all billing fees) / (maintenance bond & nbsp; + explosion charges).
维持保证金是考虑了挂单在内的杠杆借币维持保证金、交割维持保证金、永续维持保证金、期权维持保证金四部分之和；爆仓手续费，是考虑了挂单在内的杠杆借币手续费、交割手续费、永续手续费、期权手续费四部分之和。这样设置是为了避免挂单成交之后导致账户的风险水平骤变，而引发账户爆仓风险。
Maintenance of the bond takes into account the sum of four parts of the bond, including billing, the bond, the bond, the guarantee for permanent maintenance, the bond for duration maintenance, and the sum of four parts of the fee for debiting, the fee for cutting, the fee for permanent renewal, and the charge for options. This is done in order to avoid a sudden change in the level of risk in the account after the booking. & nbsp;
爆仓手续费 =杠杆借币手续费 + 交割永续手续费 + 期权手续费
Blast handling fee & nbsp; = leverage fee + payment fee + options fee
其中，杠杆借币手续费=借币仓位价值 * 用户 taker费率；交割永续手续费=交割永续仓位价值 * 用户 taker费率；期权手续费=期权仓位价值 * 用户 taker费率。
Of this amount, the leverage fee = value of currency debit warehouse * User taker rate; payment fee = value of permanent storage slot * User taker rate; option fee = value of options warehouse * User taker rate.
2）跨币种保证金模式，全仓交易
2) Cross-currency guarantee model, full warehouse transactions
保证金率 =有效保证金 / （维持保证金 + 减仓手续费)
Bond rate & nbsp; = valid bond & nbsp; / (maintenance bond & nbsp; + warehouse reduction charges)
维持保证金是按照 （持仓数量 + 开仓挂单数量） 来计算
Maintenance bond based on (number of warehouse holdings & nbsp; + number of warehouse receipts) & nbsp;
减仓手续费是按照（持仓数量 + 开仓挂单数量） 来计算
Deduction charges are calculated on the basis of (number of warehouse holdings & nbsp; + number of warehouse openings) & nbsp;
3）单/跨币种保证金模式，逐仓交易
3) Single/cross-currency guarantee model, silo-to-store transactions
多仓：保证金率=【仓位资产 -（负债 + 利息）/ 标记价格】/（维持保证金 + 手续费）
Multiple warehouse: bond rate = [silo assets - (liability + interest) / & nbsp; tag price] / (maintenance bond + handling fee)
空仓：保证金率=【仓位资产 – |负债 + 利息| * 标记价格】/（维持保证金 + 手续费）
Empty warehouse: bond rate = [Stockhold assets & ndash; interest * & nbsp; tag price]/ (maintenance bond + handling fee)
多仓平仓收益=(面值 * 合约乘数 * 张数)/ 开仓均价-(面值 * 合约乘数 * 张数)/ 平仓均价
Multiple silo revenue = (face value * contract multiplier * length) / average opening price - (face value * contract multiplier * length) / average silo price
空仓平仓收益=(面值 * 合约乘数 * 张数)/ 平仓均价-(面值 * 合约乘数 * 张数)/ 开仓均价
empty silo revenue = (face value * contract multiplier * length) / flat silo average - (face value * contract multiplier * length) / open silo average
全仓保证金制度下，用户所持仓位在最新成交价向相反的方向变动时，当保证金率小于等于维持保证金率+平仓手续费率时，将引发减仓或者爆仓。
Under the full warehouse bond system, when the user holds a position in the opposite direction of the latest exchange rate, when the bond rate is less than equal to the maintenance of the bond rate + the warehouse clearance rate, it triggers a reduction or explosion of the warehouse.
逐仓保证金制度下，用户所持仓位在最新成交价向相反的方向变动时，用户所持仓位的保证金率小于等于维持保证金率+平仓手续费率时，将引发减仓或者爆仓。
Under the warehouse-by-ware system, when the warehouse space held by the user changes in the opposite direction of the latest offer, the security margin held by the user is less than equal to the maintenance of the bond rate plus the clearance rate, which triggers a reduction or explosion of the warehouse.
当用户的仓位档位处于level 3及以上时，如果仓位的保证金率低于当前档位所需维持保证金率+平仓手续费率，但是依然高于最低档位的维持保证金率+平仓手续费率时，将不会直接将用户的全部仓位强平。系统将计算将仓位降低两个档位所需减仓张数，进行部分减仓。成功降档后，如果保证金率满足新档位的维持保证金率要求，部分减仓停止；如果依然不满足新档位的维持保证金率要求，将继续循环部分减仓流程。
When the user's warehouse slot is at or above the level of level 3 and if the security margin is lower than the maintenance bond rate required for the current slot + the clearance rate, but is still higher than the maintenance bond rate for the lowest slot + the clearance rate, the user's full warehouse position will not be directly flattened. The system will calculate the number of silos required to lower the warehouse slots by two. After a successful reduction, if the guarantee rate meets the maintenance bond rate requirements for the new slotting, it will be partially cut off; if the maintenance guarantee rate for the new slot is still not met, the recycling process will continue.
当用户持仓仓位处于档位2及以下，保证金率低于本档位要求的维持保证金率+平仓手续费率时；或用户持仓仓位处于档位3及以上，但保证金率低于档位1所需维持保证金率+平仓手续费率时，系统将直接按照破产价格（保证金率为零的价格）把该合约（全仓情况）/ 该仓位（逐仓情况）下所有张数委托给强平引擎。
When the user holds a warehouse position at 2 and below, the bond rate is lower than the guarantee rate required for this slot + the clearance rate; or the user holds a warehouse position at 3 and above, but the bond rate is lower than the deposit rate of 1 + the clearance rate, the system will commission the contract (full warehouse)/ directly to the bankruptcy price (zero value); all numbers under the warehouse position (storage) will be entrusted to a strong flat engine.
此提前强平机制主要是为了避免数字货币的剧烈波动导致连环强平和穿仓（强平后的仓位无法成交）所造成的不良影响。
This early stabilization mechanism is primarily designed to avoid the adverse effects of the high volatility of the digital currency, which leads to a chain of strong peace and silos (which cannot be filled).
触发强制平仓后，强平引擎会强制接管爆仓仓位，此时，用户的强平损失等同于该仓位保证金率亏损至0的亏损，最大亏损不超过爆仓仓位的保证金总额。
Upon the triggering of the forced stubble, the Qingping Engine would force the taking over of the silo position, at which point the user's loss of strength was equal to the loss of the stubble rate to zero and the maximum loss did not exceed the sum of the stubble.
自动减仓(Auto-Deleveraging)，简称ADL，是指当极端行情或不可抗力因素出现导致风险准备金不足或急速下降时，为了控制平台整体风险，采取的一种对手方强制平仓机制。目前急速下降是指在8小时内风险准备金距离峰值直线下降30%，后续平台可能会根据市场情况进行调整。
Auto-Delevering, or ADL, refers to a mechanism that is imposed by the counterparty to control the overall risk of the platform when extreme events or force majeure factors lead to insufficient or rapid decline in the risk reserve. The current rapid decline is a 30% straight drop in the risk reserve within eight hours, with subsequent platforms likely to adjust to market conditions.
ADL触发之后，平台将不再采用通过向市场上挂单，等待出现合适的价格撮合成交的方式处理用户的强平强减仓位，而是直接找到对手方排序靠前的账户，以当时的标记价格直接与对手方账户成交。成交之后，对手方账户的相关合约仓位被减掉，仓位的收益转变成账户余额。采用自动减仓机制处理穿仓亏损之后，平台将不会再发生分摊。
Once the ADL triggers, the platform will no longer handle the user’s position by placing a bill on the market, waiting for a suitable price-synthetic transaction to occur, but will directly find the counterparty’s pre-sequenced account and deal directly with the counterparty’s account at the price of the mark at that time. After the deal is made, the counterparty’s related contract position is reduced and the proceeds from the position are converted into account balances.
当用户被自动减仓之后，会收到短信和邮件通知，告知您被减的仓位及减仓价格，您也可以在订单中心页面，查到该笔减仓账单，账单类型为自动减仓。
When the user is automatically downsized, you will receive a text message and an e-mail notice informing you of the reduced warehouse space and the reduced warehouse price. You can also find the reduced bill on the order centre page.
风险准备金是欧易平台用于抵御强平订单穿仓风险的准备金，其主要来源包括欧易平台提供的准备金和强平订单的强平剩余。
The risk reserve is a reserve used by the ELF platform to protect against the risk of strong-level orders piercing, the main sources of which are the reserves provided by the EEF platform and the strong-level surplus of strong-level orders.
欧易的各业务线——杠杆交易、交割、永续、期权的风险准备金是相互独立的，业务线内部，不同标的合约、不同币种的风险准备金也是相互独立的。
Business lines & mdash; & mdash; risk reserves for leverage trading, handing over, durability, options are independent of each other, and within the line of operations, different subject-matter contracts, different currency risk reserves are also independent of each other.
每天16:00:00（HKT），平台会把前日16:00:00（HKT）至今，市场上所有强减、强平单造成的损失或者盈余，转出或者注入风险准备金账户，记为穿仓损失、强平注入。
At 16:00 a.m. per day (HKT), the platform will record all losses or surpluses on the market from 16:00 a.m. (HKT) the previous day, transfers out or injections into the risk reserve account, which will be recorded as damage through the warehouse and injection.
两者的主要区别在于，开平仓模式可以开两个方向的仓位，而买卖模式只能开一个方向的仓位。
The main difference between the two is that the silo model allows for two-way warehousing, while the trading model allows for one-way warehousing.
买卖模式下，用户可以简单通过买入/卖出方式进行下单交易，此模式下仅持有单边仓位。也就是说，该模式下，一个合约交易对只能持有一个方向的仓位，因此不同方向的仓位会相互抵消，从而达到不同方向仓位合并的效果。
Under the buying/sale mode, the user can simply make a billing transaction by buying/sale, under which only a unilateral warehouse is held. In other words, under the model, a contract deal holds a warehouse in only one direction, so that a warehouse in different directions is counterbalanced, thus achieving a consolidation of the warehouse in different directions.
开平仓模式下，用户可以通过开仓（开多/开空）及平仓（平多/平空）四种操作进行下单交易。此模式支持双向持仓。也就是说，该模式下，同一种合约交易对可同时持有多、空两个方向的仓位，两个方向仓位所占用的保证金，杠杆倍数及持仓数量等互不影响，且风险对冲。
This mode supports two-way warehousing. That is, under this mode, the same contract deals can hold multiple, empty positions in both directions, the security that the two directions occupy, the number of leverages and the number of warehouses held are not mutually affected, and the risk is hedged.
注意：下单模式对交割/永续合约下的所有合约生效。若有持仓或者挂单存在，则不允许调整下单模式。
Note: The next list mode is valid for all contracts under a delivery/perpetuity contract.
合约中其他常见的术语名词都有什么含义？
What's the meaning of any of the other common terms in the contract?
币本位合约：又称反向合约，计价单位为USD，充当担保资产和计算盈亏的币种都为标的币种（比如BTC、ETH等）。例如：我想做BTC币本位合约，那么我需要持有BTC才能开单，盈亏结算的也是BTC。
Currency contracts: Also known as reverse contracts, where the unit of account is USD, the currency in which both the encumbered asset and the calculation of the gain or loss is the currency (e.g. BTC, ETH, etc.). For example: I want to make BTC local contracts, then I need to have BTC in order to bill, and the profit or loss is settled by BTC.
U本位合约：又称正向合约，计价单位为U，包括USDT、USDC等，充当担保资产和计算盈亏的币种都为U。您只要持有U即可以进行多个币种的合约交易，盈亏结算的也是U。
U-contract: Also known as a positive contract, the unit of measure is U, including USDT, USDC, etc., and the currency in which the encumbered asset and the profit or loss is calculated is U.
全仓：全仓模式下，您账户中所有的可用余额都会被用来成为您的仓位保证金。优点是可以加大爆仓的承受力；缺点是一旦爆仓，账户内的所有资产都会亏损掉。
Full warehouse: In full warehouse mode, all available balances in your account will be used as a security deposit.
逐仓：逐仓模式下，初始下单时锁定的保证金即为此仓位的最大损失。优点是一旦爆仓，损失数额只锁定为开仓时的保证金；缺点是爆仓承受力不如全仓模式。
Warehousing: Under the warehouse-by-storey model, the deposit that was locked at the time of the initial billing is the biggest loss to the warehouse. The advantage is that, once the warehouse explodes, the amount of the loss is locked only into the deposit at the time of the opening; the disadvantage is that it is less resilient than the full warehouse model.
杠杆倍数：杠杆倍数越大，可能收益越高，同时风险也越大。所以交易者要及时关注行情波动，做好止盈止损。
Leverage multipliers: The greater the leverage multipliers, the higher the return and the greater the risk. Dealers are expected to pay timely attention to the volatility of their behaviour and to stop the loss.
开仓均价：当前仓位的平均开仓价格。
Average opening price: Average opening price of current warehouse space.
标记价格：合约最新的标记价格，此价格用于计算盈亏和保证金。欧易引入标记价格，可以有效避免异常交易。
Mark price: The contract’s latest mark price, which is used to calculate the profit or loss and the bond.
强平价格与保证金率：
Strength parities and bond rates:
统一账户下，用户若开多个合约仓位，预估强平价格可能会与实际强平价格有出入，此时预估强平价可作为参考，建议以保证金率为准。当合约仓位的保证金率≤100%时，会触发减仓或者爆仓。
When a user offers multiple contract slots under a uniform account, it is possible that the estimate of a better price may differ from the actual price of a better price, and the estimate of a better price may be used as a reference, suggesting that the guarantee rate should be the same. When the bond rate for a contract position is ≤ 100%, it triggers a reduction or a bursting of a warehouse.
注：本文章可能包含不适用于您所在地区的产品相关内容。本文仅致力于提供一般性信息，不对其中的任何事实错误或遗漏负责任。本文无意提供任何建议。持有的数字资产涉及高风险，您应根据自己的财务状况仔细考虑交易或持有数字资产是否适合您。
Note: This article may contain content that does not apply to the product in your region. This paper is intended to provide general information and is not responsible for any factual errors or omissions. It is not intended to provide any advice.
在开展数字货币合约交易时，交易者可以注意以下几点:
When entering into a digital currency contract transaction, the traders may pay attention to the following:
1、风险管控：
1, risk management:
杠杆交易虽然能为交易者带来更高的盈利，同时正面临着更高的风险。因此，交易者必须合理控制自己的持仓，防止遭到过大的亏本。
While leveraging transactions can generate higher profits for traders, they are facing higher risks. Therefore, traders must exercise reasonable control over their own holdings and prevent excessive losses.
2、挑选可靠交易所：
2, selection of a reliable exchange:
在开展数字货币合约交易时，要选择一家靠谱的交易所。交易所不但应当安全靠，还应该具有高效的交易和撮合系统以及良好的顾客服务和工具适用。
A digital-currency-contracting exchange should be selected. The exchange should be not only secure, but also efficient trading and matchmaking systems, as well as good customer services and tools.
3、熟练交易对策：
杠杆交易必须交易者有较高的交易技能和市场分析能力，对市场趋势的把握和交易策咯的制订至关重要。因此交易者必须在开展数字货币合约交易以前，深入了解市场趋势，仔细分析交易对策，并根据自己的情况进行合理的合位操纵总之，数字货币合约交易的杠杆交易必须交易者具有较高的交易技能和市场分析能力，同时要关注风险管控和判断靠谱的交易所才能在市场变幻无常的情形下，更好的把握交易机遇。
Leverage transactions require high transaction skills and market analysis capabilities on the part of traders, and it is essential to capture market trends and develop trading strategies. Dealers must therefore have an in-depth understanding of market trends before entering into a digital-currency-contracting transaction, carefully analysing the trade response and using their own circumstances to rationally manipulate the aggregate. Leverage transactions in a digital-currency-contracting transaction must have higher trading skills and market-analysis capabilities on the part of traders, while paying attention to risk control and judgment that a well-established exchange is better able to seize trading opportunities in the face of market volatility.
总的来说，币圈合约交易是一个非常有潜力的交易方法，在数字货币市场里发挥着重要的作用。可是，对于一般投资者而言，必须认真的学习和认识，才可以进行合理的交易。只有在合理的风险管控下，才可以从币圈合约交易中获取真正的权益。
generally, currency-circle contract transactions are a very promising method of trading and play an important role in the digital money market. But, for investors in general, it is important to learn and understand carefully in order to make reasonable transactions. Only under reasonable risk control can a real interest be obtained in currency-circle contract transactions.
以上就是币圈合约是什么意思?币圈合约术语有哪些?的详细内容，更多关于币圈合约全面介绍的资料请关注脚本之家其它相关文章！
What does that mean? What are the terms of the currency contract?
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