币圈如何玩合约稳定赚钱

如果你把文章认真看完，最后没有去实践就叫否定了，我相信有一天你会后悔的。

If you take this article seriously and you don't do it, it's a denial, and I'm sure you'll regret it one day.

对于自己未接触过的事物，我们首先不应该是怀疑和否定他，而应该是去了解他，了解了以后，再决定是否参与，以及何种程度的参与。

For what we have not touched, we should first not question and deny him, but understand him, understand later, decide whether or not to participate and to what extent.

多少人因为合约的暴富神话，而最终没有能够抵挡住诱惑，最后的结果也不出我们预料，合约最后的结果基本上只有两个，一个是亏钱，一个是赚钱以后再亏钱。有没有第三种结果？答案是肯定的，但是这个比例可能是万分之一甚至更低，玩合约的很多人就是抱着侥幸的心理，认为自己就是那万里挑一的选手，最后的结果自然也就是意料之内的事情了。

How many people end up unable to resist the temptation because of the myth of the contract's richness, and the end result is not as predictable as we expected, and the end result of the contract is basically only two, one for the loss of money, and one for the loss of money after the loss of money.

我要说的稳定的盈利方式，不是去玩合约赌大小，也不是合约网格，合约网格参数设置好的话，风险也比较小，但是仍然不适合大多数人，我曾经利用300u做合约网格做到3000u，最后还是爆仓了。

What I'm going to say is a steady profit, not a contract size, not a contract grid, but a lower risk if the contract grid parameters are set, but it's still not for most people, and I used 300u to make the contract grid 3000u, and it's gone down.

我这里说的借助合约稳定赚钱的方式指的是期现套利。期现套利，顾名思义，指的是期货（合约）与现货的价差而进行套利。

What I'm talking about here is making money through a stable contract. It's a arbitrage. By definition, it's a arbitrage between futures and spot prices.

我们需要了解的一些概念：

There are some concepts that we need to understand:

第一个是资金费率：

First is the funding rate:

期货和现货之所以会出现价差，就是因为市场上做多的人数与做空的人数不同。

The difference between futures and spot prices is due to the fact that the number of people in the market is different from the number of people in the market.

当市场做多的人比较多，就会使得期货的价格高于现货价格；当市场做空的人比较多，就会使得期货的价格低于现货价格。

When there are more people in the market, the price of futures is higher than the spot price; when there are more people in the market, the price of futures is lower than the spot price.

而资金费率的作用就是缩减两者之间的人数差，让交易中的多数方必须支付费用给少数方，透过以价制量来让价差缩小，而当期货现货之间的价差越大时，多数方必须支付的资金费率也会越高。

The effect of the fund rate, on the other hand, is to reduce the difference in numbers between the two, so that most parties to the transaction have to pay to a small number of parties, and to reduce the difference through a price-based approach, while the higher the difference between current prices, the higher will be the financial rate that most parties will have to pay.

当市场做多(看涨)的人较多时，会使得永续合约的价格高于现货，此时的资金费率为正，代表做多方必须支付资金费率给做空方，借此降低做多的人数，让价差缩小。而当市场做空(看跌)的人较多时，会使得永续合约的价格低于现货，此时的资金费率为负，代表做空方必须支付资金费率给做多方，借此降低做空的人数，让价差缩小。以币安为例，它的永续合约资金费率便是每八个小时扣缴一次，会直接从你的开仓净值中扣除。

When there are more people in the market, the price of a permanent contract is higher than the price of a spot, and the money rate is positive, so that the multiplicity of people has to pay the money rate to the empty party, thereby reducing the number of people who do it and reducing the price difference. When there are more people in the market who do it, the price of a permanent contract is lower than the price on the spot, when the fund rate is negative, and the empty party has to pay the multiplicity rate, thereby reducing the number of people who do it and reducing the price difference. In the case of currency, the price of its permanent contract is withheld once every eight hours, and will be deducted directly from your net opening.

期现套利，就是利用永续合约的「资金费率」来获利。

The current arbitrage is to profit from the “fund rate” of the permanent contract.

第二个是期现套利原理：

期现套利的做法就是，在永续合约做空该币的同时，于现货市场买入等值的该币现货，

The current arbitrage is to buy the same value of the currency from the spot market while the constant contract is empty.

如此一来，不论市场价格如何变动，你的本金都不会变少，但同时又能收取别人给你的资金费率。当价格让张过多的时候，机器人就会自动卖出（平仓）等量的现货和合约，来降低合约被平仓的风险，然后将所得的资金转入合约账户中作为保证金，整个过程中本金不变，但是合约被强平的价格升高，风险降低很多。

So, no matter how market prices change, your principal will not be reduced, but at the same time you will be charged a fee from someone else. When the price is too high, the robot will automatically sell the same amount of spot and contract to reduce the risk that the contract will be levelled and then transfer the money received to the contract account as a bond, the principal will remain constant throughout the process, but the contract will be raised at a better price and the risk will be reduced considerably.

第三个是期现套利的优势：

期现套利赚取的是资金费率，稳定性非常高，投资人几乎不用看盘，适合没有时间看盘，或者不想看盘，或者虽有时间看盘但是对方向把握不准的朋友使用。当然对大资金也是很友好的，因为大资金喜欢求稳。

The current arbitrage earns money at very high rates, with very high stability. Investors hardly have to look at it, either for lack of time, or for friends who do not want time to look at it, or for friends who, although they have time to look at it, are not in a position to be sure about the direction.

我有个朋友目前有50万usdt在做期现套利，派网单个账户只有10万u的期现额度，还是我专门给他申请的。目前期现套利的收益普遍在30%以上，有些小币种的年化收益更是在60%以上，这个收益率对于当前的牛市行情可能微不足道，但是对于求稳的大资金或者是圈外资金来说，还是很有吸引力的。

I have a friend who currently has half a million USdt in arbitrage, with only 100,000 u in a single account, and who I specifically applied for. The benefits of the current arbitrage are generally over 30 per cent, and the annualized returns of some small currencies are over 60 per cent. This rate of return may be insignificant for the current cattle market, but it is attractive for large funds to be stable or out of circulation.

大资金推荐开btc，eth这些币，深度好，小资金可以开一些热门的小币种，收益率高一点，期现套利一般直接使用系统推荐的AI智能参数即可，至于哪些小币种的套利收益高，我一般会在娶你分享，也会教大家如何去寻找这样的小币。

Big money recommends btc, big money, big money, good depth, small money can open a few popular coins, yield a little higher returns, cash arbitrage usually uses the AI smart parameters recommended by the system directly, and I usually share the arbitrage with you and teach you how to find it.

第四个是期现套利可能的风险：

虽然期现套利稳定性极高，风险极低，但是还是有一定的风险，我把可能的风险点也说下。

Although the arbitrage is extremely stable and the risks are very low, there are certain risks, and I would like to share the possible risks.

当我们做期现套利的币遇到重大变故，导致你从少数方变成多数方，从原本领取资金费率的人变成支付资金费率的人的时候，可能会出现亏损，不过也不要担心，当这种情况出现的就时候，我们可以选择及时关单，锁定之前的利润。

There may be a loss when we face a major change in the arbitrage that leads you to move from a minority to a majority, and from those who receive the original fee to those who pay the fee, but don't worry that when this happens, we can choose to close the bill on time and lock in the profits that preceded it.

遇到交易所宕机的风险，比如2020年12月21日时，Pionex 就曾因为币安当机而导致其用户的交易受影响(因为它的永续合约是使用币安的交易系统)，不过当时派网 Pionex 选择自掏腰包，补偿这些因为币安当机而受损的用户，这也是我坚定看好派网的一个重要原因。

While Pionex was exposed to the risk of an exchange crash, for example, on 21 December 2020, the transactions of its users were affected by the currency ding-tao (because its permanent contract was to use the currency ding-tao system), Pionex chose to pay off its own purse to compensate those who suffered damage as a result of the currency ding-tao, which is an important reason for my firm interest in the network.

作者：雨后空山

Author: The mountains of the rain.