四大比特币合约交易所门槛和成本分析

欧易(OKX)最新版本

【遇到注册下载问题请加文章最下面的客服微信】永久享受返佣20%手续费！

APP下载   全球官网 大陆官网

币安(Binance)最新版本

币安交易所app【遇到注册下载问题请加文章最下面的客服微信】永久享受返佣20%手续费！

APP下载   官网地址

火币HTX最新版本

火币老牌交易所【遇到注册下载问题请加文章最下面的客服微信】永久享受返佣20%手续费！

APP下载   官网地址

在熊市的环境下，虚拟币的现货市场已经变得非常低迷，各大交易所都布局期货合约交易，各自推出自己的期货合约交易平台，目前国内较为知名的合约平台有火币，OKEX，BITMEX等，另外作为国内最老牌的交易所BTCC（比特币中国）也推出了全新的合约平台，参与了这一场关于虚拟币期货市场的角逐。

In the bear market environment, the spot market for virtual currency has become very low, with major exchanges arranging futures contract transactions, each launching its own futures contract trading platform, and now the more well-known domestic contracts platform has a currency, OKEX, BITMEX, among others, as well as a brand-new contract platform for BTCC (bitcoin China), the country's oldest exchange, participating in this contest on the virtual currency futures market.

虽然都是期货合约，但是目前各个合约平台推出的期货合约有不少不同之处，可能不少投资者对于各个合约平台的特点都不太了解，本文整理了各个平台合约特点进行对比，希望能帮助到广大的币友更好的了解平台的特性，选择适合自己的平台进行合约交易。

从上表中，我们可以看到，在合约品种方面，CBOE和CME的可交易品种是最少的，其次是火币的，BITMEX和OKEX均有8种合约品种可选，最多则是BTCC旗下的平台BTCC Global，其有9种合约可交易。

As can be seen from the table above, in terms of contract varieties, CBOE and CME are the least tradable, followed by the tender, BITMEX and OKEX are selected for eight types of contracts, with a maximum of BTCC Global, a platform under the BTCC flag, with nine types of contracts to be traded.

BITMEX、OKEX、BTCC Global的合约是永续的，合约不会到期，投资者不用担心在未来某个时间点的滚仓。BITMEX和OKEX的合约除了有永续的，还有定期的，和火币、CBOE、CME一样有到期时间的，到期时合约会进行强行交割。

The contracts of BITMEX, OKEX, BTCC Global are permanent, they do not expire, and investors do not have to worry about rolling stock at some point in the future. In addition to the contracts of BITMEX and OKEX, there are fixed-term contracts, with the same expiry dates as that of the gun, CBOE, and CME, when they expire, they are forced.

从杠杆倍数来看，BITMEX和BTCC Global均提供了100倍的杠杆，而OKEX次之，最高有20倍，火币的倍数在这几者间是最小的，仅为10倍，而国外的CBOE和 CME则更低，仅为3倍左右。

In terms of leverage multipliers, BITMEX and BTCC Global both provide a 100-fold leverage compared to the 20-fold maximum for OKEX, which is the smallest of them, only 10-fold, and the CBOE and CME abroad, which are about three-fold lower.

从交易最小合约价值来看，BITMEX和BTCC Global是最低的，而最高的是CME的5BTC，国内则是OKEX的最高，为100USD，相对来讲，交易门槛是BITMEX和BTCC Global的最低。

BITMEX and BTCC Global were the lowest in terms of the minimum contractual value of the transaction, the highest being the 5BTC of the CME, the highest in the country, the 100USD of the OKEX, and the lower trading threshold being the BITMEX and the BTCC Global.

关于交易费对比：

on transaction costs comparison:

从上表中，我们可以看到，大多数平台是要收取手续费的，而BTCC Global没有手续费，取而代之的是点差。OKEX对于不同级别的用户收取不一样的手续费，同时还设置了每日提现额度，最低级别的每日只能提现100BTC，如下图：

As can be seen from the table above, most platforms are charged a fee, while the BTCC Global does not charge a fee, which is replaced by a margin difference. OKEX charges a different fee for users at different levels, with a daily draw-down rate of 100 BTC per day at the lowest level, as follows:

而火币方面，手续费方面不分三六九等，都以同样规则对待，如下图

On the other hand, the fees are treated in the same way, regardless of the amount of money, as follows:

BTCC Global没有交易费，但是有点差，以BTC为例，点差为30美元。

BTCC Global did not have a transaction fee, but it was somewhat poor, with a difference of $30, for example, in the case of BTC.

不管是点差还是交易费，都是投资者的交易成本，交易成本方面，BTCC Global优于其他两者，举个例子：我们以交易1手BTC（假设价格为3800美元）合约为例，OKEX和火币的手续费是3800*0.02=76美元或3800*0.03=108美元，另外OK上的永续合约手吃单手续费更是高达0.07%，1手BTCC合约的对应交易成本为266美元，而在BTCC Global上则为30美元。

In terms of transaction costs and transaction costs, BTCC Global is better than both: for example, one-hand BTC (assuming US$ 3,800) deal, the fee for OKEX and the gun is US$ 3800*.02 = US$ 76 or US$ 3800*0.03 = US$ 108, while the cost for permanent contractrs on OK is up to 0.07 per cent, and the corresponding transaction cost for a BTCC contract is US$ 266, compared to US$ 30 on BCC Global.

因BITMEX在有手续费的同时，还有一项叫资金费用，资金费用每 8 小时产生一次，分别在北京时间 4:00 、12:00 和 20:00 。只要您在这些时间点持有仓位就需要收取或支付资金费用，计算较为复杂，这里不进入对比。

If you have a warehouse at these points, you will have to charge or pay the fee. The calculation is more complicated, and there is no comparison.

关于保证金对比：

on bond comparison:

全仓或者是逐仓保证金模式：火币、OKEX、BITMEX。

full-time or warehouse-by-principal mode: , , , , BITMEX, .

这种模式保证金占用会随着币价的变动而变化，特别是币品价格上升是表现最为明显，

This pattern of security occupancy will vary according to the price of the currency, in particular the increase in the price of the currency, which is most evident.

层级保证金模式：BTCC Global。

tier-level bond model: BTCC Global.

这种模式相对于全仓或是逐仓保证金较为灵活，以持仓手数作为分层级别，让客户享受更低的保证金要求，随时因应市况作出策略调整，如BTCC Global。

This model, which is more flexible than a full warehouse or a warehouse-by-ware deposit, provides clients with lower security requirements and is subject to policy adjustments in response to market conditions, such as BTCC Global.

为什么说层级保证金比全仓或者是逐仓保证金好？

Why do you say a hierarchy bond is better than a full or a silo deposit?

举个例子，假设我们在4000美元做空BTC占用的保证金都为40美元的话，当BTC价格升至4500美元的话，全仓保证金就会变为45美元，而层级保证金不变，还是40美元，这意味着账户的可用资金减少。

By way of example, assuming that we had $40 for $4,000 to empty the BTC deposit, when the BTC price went up to $4,500, the full warehouse deposit would turn to $45, while the tier deposit would remain unchanged at $40, which would mean a reduction in the funds available for the account.

 

欧易(OKX)最新版本

【遇到注册下载问题请加文章最下面的客服微信】永久享受返佣20%手续费！

APP下载   全球官网 大陆官网

币安(Binance)最新版本

币安交易所app【遇到注册下载问题请加文章最下面的客服微信】永久享受返佣20%手续费！

APP下载   官网地址

火币HTX最新版本

火币老牌交易所【遇到注册下载问题请加文章最下面的客服微信】永久享受返佣20%手续费！

APP下载   官网地址