Ungayithengisa kanjani i-Crypto ku-Deribit
Ikusasa
I-Bitcoin Futures ku-Deribit iyimali ekhokhwayo kunokuba ikhokhwe ngokudiliva okuphathekayo kwe-BTC. Lokhu kusho ukuthi ekuxazululeni, umthengi we-BTC Futures ngeke athenge i-BTC yangempela, noma umdayisi ngeke athengise i-BTC. Kuzoba khona ukudluliswa kokulahlekelwa/izinzuzo kuphela lapho kukhokhwa inkontileka, ngokusekelwe enanini lokuphelelwa yisikhathi (elibalwa njengesilinganiso sokugcina semizuzu engama-30 yenkomba yentengo ye-BTC).
Imininingwane Yenkontileka BTC
| Ifa/Ithikha eyisisekelo | I-Deribit BTC Index |
| Inkontileka | I-USD engu-1 Iphuzu Le-Index, elinosayizi wenkontileka ongu-USD 10 |
| Amahora Okuhweba | 24/7 |
| Ubuncane bosayizi wethikhi | 0.50 USD |
| Ukuxazulula | Ukukhokhwa kwenzeka nsuku zonke ngo-8:00 e-UTC. Izinzuzo zeseshini ezitholiwe nezingafezekanga (inzuzo eyenziwe phakathi kwezindawo zokuhlala) zihlale zengezwa ngesikhathi sangempela ekulinganeni. Nokho, zitholakala kuphela ukuze zihoxiswe ngemva kokukhokhwa kwansuku zonke. Ekukhokheni, iseshini inzuzo/ukulahlekelwa izobhukhwa kubhalansi yemali ye-BTC. |
| Izinsuku Zokuphelelwa yisikhathi | Ukuphelelwa yisikhathi kuhlala kwenzeka ngo-08:00 UTC, ngoLwesihlanu lokugcina lwenyanga. |
| Usayizi Wenkontileka | 10 USD |
| Maka Intengo | Intengo yophawu inani lapho inkontileka yesikhathi esizayo izokalwa ngayo phakathi namahora okuhweba. Lokhu kungahluka (okwesikhashana) enanini langempela lemakethe yesikhathi esizayo ukuze kuvikelwe ababambiqhaza bemakethe ekuhwebeni okukhohlisayo. Mark Price = Intengo yenkomba + 30 imizuzwana EMA of (Futures Market Price - Index Price). Intengo yemakethe iyinani lokugcina elidayiswayo lekusasa uma liwela phakathi kwebhidi yamanje engcono kanye nokubuza okungcono kakhulu. Uma kungenjalo, uma inani lokugcina elidayiswayo liphansi khona-ke ibhidi engcono kakhulu, intengo yemakethe izoba ibhidi engcono kakhulu. Uma intengo yokugcina edayisiwe ingaphezulu kokubuza okungcono kakhulu, intengo yemakethe kuzoba ukubuza okungcono kakhulu. |
| Ukulethwa/Ukuphelelwa yisikhathi | NgoLwesihlanu, 08:00 UTC. |
| Intengo yokulethwa | Isilinganiso esinesisindo sesikhathi senkomba ye-Deribit BTC, njengoba kukalwa phakathi kuka-07:30 no-08:00 UTC. |
| Indlela Yokudiliva | Ukukhokhwa kwemali ku-BTC. |
| Izimali | Hlola leli khasi ukuze uthole izinkokhelo ze-Deribit . |
| Umkhawulo Wesikhundla | Isikhundla esiphezulu esivunyelwe yizinkontileka ezingu-1,000,000 (USD 10,000,000). Abasebenzisi bemajini yephothifoliyo abafakiwe kulo mkhawulo futhi bangakha izikhundla ezinkulu. Ngesicelo, umkhawulo wesikhundla ungase unyuswe ngokusekelwe ekuhlolweni kwe-akhawunti. |
| I-Margin yokuqala | Imajini yokuqala iqala ngo-1.0% (i-100x leverage trading) futhi inyuka ngokulandelana ngo-0.5% ngokunyuka kwe-100 BTC kosayizi wesikhundla. Imajini yokuqala = 1% + (Usayizi Wesikhundla ku-BTC) * 0.005% |
| Imajini yesondlo | I-margin yesondlo iqala ngo-0.525% futhi ikhuphuka ngokulinganayo ngo-0.5% nge-100 BTC ukwanda kosayizi wesikhundla. Uma ibhalansi yemajini ye-akhawunti ingaphansi kwemajini yesondlo, izikhundla ku-akhawunti zizoncishiswa ngokwandayo ukuze kugcinwe imajini yesondlo ingaphansi kwesilinganiso esiku-akhawunti. Izidingo zemajini yesondlo zingashintshwa ngaphandle kwesaziso sangaphambilini uma izimo zemakethe zidinga isenzo esinjalo. Imajini Yesondlo= 0.525% + (IsikhundlaSize ku-BTC) * 0.005% |
| Block Trade | Ubuncane be-USD 200,000 |
Imininingwane Yenkontileka ETH
| Ifa/Ithikha eyisisekelo | I-Deribit ETH Inkomba |
| Inkontileka | I-USD engu-1 Iphuzu Le-Index, elinosayizi wenkontileka ongu-USD 1 |
| Amahora Okuhweba | 24/7 |
| Ubuncane bosayizi wethikhi | izindleko 0.05 USD |
| Ukuxazulula | Ukukhokhwa kwenzeka nsuku zonke ngo-8:00 e-UTC. Izinzuzo zeseshini ezitholiwe nezingafezeki (inzuzo eyenziwe phakathi kokukhokhelwa) zihlale zengezwa ngesikhathi sangempela ekulinganeni, nokho, zitholakala kuphela ukuze zihoxiswe ngemuva kokukhokhwa kwansuku zonke. Ekukhokheni, iseshini inzuzo/ukulahlekelwa izobhukhwa kubhalansi yemali ye-ETH. |
| Izinsuku Zokuphelelwa yisikhathi | Ukuphelelwa yisikhathi kuhlala kwenzeka ngo-08:00 UTC, ngoLwesihlanu lokugcina lwenyanga. |
| Usayizi Wenkontileka | 1 USD |
| I-Margin yokuqala | Imajini yokuqala iqala ngo-2.0% (ukuhweba okulinganiselwe okungu-50x) futhi ikhuphuka ngokulinganayo ngo-1.0% ngokunyuka kwe-5,000 ETH kosayizi wesikhundla. Imajini yokuqala = 2% + (Usayizi Wesikhundla ku-ETH) * 0.0002% |
| Imajini yesondlo | I-margin yesondlo iqala ngo-1.0 % futhi ikhuphuka ngokulandelana ngo-1.0% ngokunyuka kwe-5,000 ETH kosayizi wesikhundla. |
| Maka Intengo | Intengo yophawu inani lapho inkontileka yesikhathi esizayo izokalwa ngayo phakathi namahora okuhweba. Lokhu kungahluka (okwesikhashana) enanini langempela lemakethe yesikhathi esizayo ukuze kuvikelwe ababambiqhaza bemakethe ekuhwebeni okukhohlisayo. Mark Price = Intengo yenkomba + imizuzwana engu-30 EMA ye (Intengo Yemakethe Yakusasa - Inani Lenkomba) Intengo yemakethe iyinani lokugcina elidayiswayo lekusasa uma liwela phakathi kwebhidi engcono kakhulu yamanje kanye nokubuza okungcono kakhulu. Uma kungenjalo, uma inani lokugcina elidayiswayo liphansi khona-ke ibhidi engcono kakhulu, intengo yemakethe izoba ibhidi engcono kakhulu. Uma intengo yokugcina edayisiwe ingaphezulu kokubuza okungcono kakhulu, intengo yemakethe kuzoba ukubuza okungcono kakhulu. |
| Ukulethwa/Ukuphelelwa yisikhathi | NgoLwesihlanu, 08:00 UTC. |
| Intengo yokulethwa | Isilinganiso esinesisindo sesikhathi senkomba ye-Deribit ETH njengoba kukalwe phakathi kuka-07:30 no-08:00 UTC. |
| Indlela Yokudiliva | Imali yokuthengisa ye ETH. |
| Izimali | Hlola leli khasi ukuze uthole izinkokhelo ze-Deribit . |
| Umkhawulo Wesikhundla | Isikhundla esiphezulu esivunyelwe yizinkontileka ezingu-5,000,000 (USD 5,000,000). Abasebenzisi bemajini yephothifoliyo abafakiwe kulo mkhawulo futhi bangakha izikhundla ezinkulu. Ngesicelo, umkhawulo wesikhundla ungase unyuswe ngokusekelwe ekuhlolweni kwe-akhawunti. |
| Block Trade | Ubuncane be-USD 100,000 |
Izibonelo zeMargin Yokuqala:
| Usayizi wesikhundla se-BTC | Imajini yesondlo | Imajini ku-BTC |
| 0 | 1% + 0 = 1% | 0 |
| 25 | 1% + 25/100 * 0.5% = 1.125% | 0.28125 |
| 350 | 1% + 350/100 * 0.5% = 2.75% | 9.625 |
Izibonelo Zemajini Yesondlo:
| Usayizi wesikhundla se-BTC | Imajini yesondlo | Imajini ku-BTC |
| 0 | 0.525% | 0 |
| 25 | 0.525% + 25 * 0.005% = 0.65% | 0.1625 |
| 350 | 0.525% + 350 * 0.005% = 2.275% | 7.9625 |
Isibonelo:
Ukuze uqonde kangcono ukuthi izinkontileka zesikhathi esizayo zisebenza kanjani ku-Deribit, ngezansi isibonelo:
Umhwebi uthenga izinkontileka zesikhathi esizayo eziyi-100 (usayizi wenkontileka yesikhathi esizayo yi-10 USD), ngo-10,000 USD nge-BTC ngayinye. Umhwebi manje usende (uthenga) i-BTC engu-1,000 USD ngentengo engu-10,000 USD (izinkontileka eziyi-100 x 10 USD = 1,000 USD).
- Ake sicabange ukuthi umhwebi ufuna ukuvala lesi sikhundla futhi athengise lezi zinkontileka ngentengo engu-12,000 USD. Kulesi simo, umhwebi wavuma ukuthenga ama-bitcoins angu-1,000 USD ku-10,000 USD, futhi kamuva wathengisa i-1,000 USD ye-BTC ye-12,000 USD/BTC.
- Inzuzo yabathengisi yi-1,000/10,000 - 1,000/12,000 = 0.01666 BTC noma i-200 USD, ne-BTC enenani le-12,000 USD.
- Uma womabili ama-oda bekungama-oda wokuthatha, inani lemali ekhokhwayo kulo mzuliswano izoba ngu-2 * 0.075% we-1,000 USD = 1.5 USD (edonswe ku-BTC, ngakho-ke 0.75/10,000 BTC + 0.75/12,000 BTC = 0.0000075 + 000075 + 0.500075 + 0.50TC0 BTC)
- Imajini edingekayo ukuze uthenge izinkontileka ze-BTC ze-1,000 USD yi-10 USD (1% ye-1,000 USD) futhi ngaleyo ndlela ilingana no-10/10,000 BTC= 0.001 BTC. Izidingo ze-margin zikhuphuka njengephesenti lesikhundla, ngesilinganiso se-0.5% nge-100 BTC.
Maka Intengo
Lapho kubalwa inzuzo engenzekanga kanye nokulahlekelwa kwezinkontileka zesikhathi esizayo, akuhlali kusetshenziswa intengo yokugcina yokuhwebelana yesikhathi esizayo.
Ukuze sibale intengo yomaka, okokuqala, kufanele sibale i-EMA yesibili engama-30 (isilinganiso esihambayo esichasisayo) somehluko phakathi kwenani lokugcina elidayiswayo (noma ibhidi engcono kakhulu/sibuze lapho inani lokugcina elidayiswayo liwela ngaphandle kokusabalala kwamanje kwebhidi/okucelayo) kanye ne-Deribit Index.
- Intengo yophawu ibalwa njenge:
- Ngaphezu kwalokho, kunomkhawulo wokuthi ukusabalala okusheshayo phakathi kwe-Deribit BTC Index kanye nenani lokugcina elidayiswayo lesikhathi esizayo lingashintsha:
Ibanga lokuhweba likhawulelwe umkhawulokudonsa ongu-3% eduze kwemizuzu emi-2 ye-EMA yenani lomaka kanye nomehluko wentengo yenkomba (+/-1.5%).
Umkhawulokudonsa wentengo yophawu uboniswa efomini le-oda lesikhathi esizayo elibonisa ubuncane bamanje kanye nenani eliphezulu elivunyelwe lokuhweba (ngaphezu kwenkambu yentengo).
Intengo yamamaki ayikwazi ukuhluka ngaphezu kwamaphesenti athile ku-Deribit Index. Ngokuzenzakalelayo, iphesenti inani lentengo elivunyelwe ukuhwebelana ngalo kude nenkomba ngu-10% we-BTC no-10.5% we-ETH. Uma imakethe idinga ukuhweba ngesaphulelo esiphezulu noma i-premium (isibonelo, ezikhathini eziguquguqukayo noma ezikhathini ze-contango ezihlala zikhuphuka noma ukubuyisela emuva), umkhawulokudonsa unganyuswa.
Umkhawulokudonsa Wokuhweba Ovunyelwe
Ibanga lokuhweba liboshwe ngamapharamitha angu-2:
I-Deribit Index + iminithi elingu-EMA (Inani Elifanelekile - Inkomba) +/- 1.5% kanye nomkhawulokudonsa ogxilile ozungeze i-Deribit Index +/- 10.0%.
Uma izimo zemakethe zidinga lokho, imingcele yomkhawulokudonsa ingalungiswa ngokubona kwe-Deribit.
Ama-oda akhawulelwe ngale komkhawulokudonsa azolungiswa abe inani eliphezulu elingase lithengwe noma inani elincane elingase lithengiswe. Ama-oda emakethe azolungiswa ukuze akhawulele ama-oda anenani elincane noma eliphakeme elivunyelwe ngaleso sikhathi
Okungapheli
I-Deribit Perpetual iwumkhiqizo osuselwe kuyefana nekusasa, nokho, ngaphandle kosuku lokuphelelwa yisikhathi. Inkontileka engapheli ihlanganisa izinkokhelo zoxhaso. Lezi zinkokhelo zethulwe ukuze kugcinwe intengo yenkontileka engapheli eduze ngangokunokwenzeka ngentengo eyisisekelo ye-crypto - i-Deribit BTC Index. Uma inkontileka engapheli ihweba ngentengo ephakeme kunenkomba, abathengisi abanezikhundla ezinde badinga ukukhokha imali kubahwebi abanezikhundla ezimfushane. Lokhu kuzokwenza umkhiqizo ungakhangi kakhulu kubaphathi bezikhundla ezinde futhi uhehe kakhulu kubaphathi bezikhundla ezifushane. Lokhu kuzodala ukuthi intengo engapheli ihwebe ngokuhambisana nenani lenkomba. Uma abahwebi baphakade behweba ngentengo ephansi kunenkomba, abanikazi bezikhundla ezimfushane kuzodingeka bakhokhele abanikazi bezikhundla ezinde.
Inkontileka engapheli ye-Deribit ihlanganisa ukukalwa okuqhubekayo komehluko phakathi kwenani lentengo yenkontileka ne-Deribit BTC Index. Umehluko wamaphesenti phakathi kwalawa mazinga entengo amabili uyisisekelo sezinga lokuxhaswa ngezimali lamahora angu-8 elisetshenziswa kuzo zonke izinkontileka zaphakade ezisele.
Izinkokhelo zoxhaso zibalwa njalo nge-millisecond. Izinkokhelo zoxhaso zizokwengezwa noma zikhishwe ku-akhawunti etholakalayo ye-PNL, nayo eyingxenye yebhalansi yokuhweba etholakalayo. Emalini yokukhokha yansuku zonke, i-PNL etholakele izohanjiswa noma isuswe ebhalansi yemali, okungenziwa ngayo ukuhoxiswa.
Isamba semali esikhokhiwe sizobonakala emlandweni wokwenziwe kukholamu "yoxhaso". Le kholomu ibonisa inani lemali elisetshenziswa kubathengisi kuyo yonke indawo phakathi nesikhathi esiphakathi kohwebo olufanele nohwebo ngaphambi kwalokho. Beka ngendlela ehlukile: umhwebi angabona uxhaso olukhokhiwe noma olutholwe esikhundleni phakathi kwezinguquko zesikhundla.
Imininingwane Yenkontileka BTC
| Ifa/Ithikha eyisisekelo | I-Deribit BTC Index |
| Inkontileka | I-USD engu-1 Iphuzu Le-Index, elinosayizi wenkontileka ongu-USD 10 |
| Amahora Okuhweba | 24/7 |
| Ubuncane bosayizi wethikhi | 0.50 USD |
| Ukuxazulula | Ukukhokhwa kwenzeka nsuku zonke ngo-8:00 e-UTC. Izinzuzo zeseshini ezitholiwe nezingafezekanga (inzuzo eyenziwe phakathi kwezindawo zokuhlala) zihlale zengezwa ngesikhathi sangempela ekulinganeni. Nokho, zitholakala kuphela ukuze zihoxiswe ngemva kokukhokhwa kwansuku zonke. Ekukhokheni, iseshini inzuzo/ukulahlekelwa izobhukhwa kubhalansi yemali ye-BTC. |
| Usayizi Wenkontileka | 10 USD |
| I-Margin yokuqala | Imajini yokuqala iqala ngo-1.0% (i-100x leverage trading) futhi ikhuphuka ngokulinganayo ngo-0.5% ngokunyuka kwe-100 BTC kusayizi wesikhundla. Imajini yokuqala = 1% + (Usayizi Wesikhundla ku-BTC) * 0.005% |
| Imajini yesondlo | Umkhawulo wesondlo uqala ngo-0.525% futhi ukhuphuka ngokulinganayo ngo-0.5% nge-100 BTC ukwanda kosayizi wesikhundla. Uma ibhalansi yemajini yama-akhawunti ingaphansi kwemajini yesondlo, izikhundla ku-akhawunti zizoncishiswa ngokwandayo ukuze kugcinwe imajini yesondlo ingaphansi kunokulingana ku-akhawunti. Izidingo zemajini yesondlo zingashintshwa ngaphandle kwesaziso sangaphambilini uma izimo zemakethe zidinga isenzo esinjalo. Imajini Yesondlo = 0.525% + (Usayizi Wesikhundla ku-BTC) * 0.005% |
| Maka Intengo | Intengo yophawu iyinani lapho inkontileka engapheli izokalwa ngayo phakathi namahora okuhweba. Lokhu kungahluka (okwesikhashana) enanini lemakethe elingapheli ukuze kuvikelwe ababambiqhaza bemakethe ekuhwebeni okukhohlisayo. Mark Price = Intengo yenkomba + imizuzwana engama-30 EMA ka (Perpetual Market Price - Index Price) Lapho intengo yemakethe iyinani lokugcina elidayiswayo lekusasa uma liwela phakathi kwebhidi engcono kakhulu yamanje kanye nokubuza okungcono kakhulu. Uma kungenjalo, intengo yemakethe izoba ibhidi engcono kakhulu. Uma intengo yokugcina okudayiswayo iphansi kunebhidi engcono kakhulu, noma intengo yemakethe izoba yisicelo esingcono kakhulu, uma inani lokugcina elidayiswayo liphakeme kunokubuza okungcono kakhulu. |
| Ukulethwa/Ukuphelelwa yisikhathi | Akukho Ukulethwa / Ukuphelelwa yisikhathi |
| Izimali | Hlola leli khasi ukuze uthole izinkokhelo ze-Deribit . |
| Umkhawulo Wesikhundla | Isikhundla esiphezulu esivunyelwe yizinkontileka ezingu-1,000,000 (USD 10,000,000). Abasebenzisi bemajini yephothifoliyo abafakiwe kulo mkhawulo futhi bangakha izikhundla ezinkulu. Ngesicelo, umkhawulo wesikhundla ungase uphakanyiswe ngokusekelwe ekuhlolweni kwe-akhawunti. |
Imininingwane Yenkontileka ETH
| Ifa/Ithikha eyisisekelo | I-Deribit ETH Inkomba |
| Inkontileka | I-USD engu-1 Iphuzu Le-Index, elinosayizi wenkontileka ongu-USD 1 |
| Amahora Okuhweba | 24/7 |
| Ubuncane bosayizi wethikhi | izindleko 0.05 USD |
| Ukuxazulula | Ukukhokhwa kwenzeka nsuku zonke ngo-8:00 e-UTC. Izinzuzo zeseshini ezitholiwe nezingafezeki (inzuzo eyenziwe phakathi kokukhokhelwa) zihlale zengezwa ngesikhathi sangempela ekulinganeni, nokho, zitholakala kuphela ukuze zihoxiswe ngemuva kokukhokhwa kwansuku zonke. Ekukhokheni, iseshini inzuzo/ukulahlekelwa izobhukhwa kubhalansi yemali ye-ETH. |
| Usayizi Wenkontileka | 1 USD |
| I-Margin yokuqala | Imajini yokuqala iqala ngo-2.0% (ukuhweba okulinganiselwe okungu-50x) futhi ikhuphuka ngokulinganayo ngo-1% ngokunyuka kwe-5,000 ETH kusayizi wesikhundla. Imajini yokuqala = 2% + (Usayizi Wesikhundla ku-ETH) * 0.0002% |
| Imajini yesondlo | I-margin yesondlo iqala ngo-1% futhi ikhuphuka ngokulandelana ngo-1% ngokunyuka kwe-5,000 ETH kusayizi wesikhundla. |
| Maka Intengo | Intengo yophawu iyinani lapho inkontileka engapheli izokalwa ngayo phakathi namahora okuhweba. Lokhu kungahluka (okwesikhashana) enanini lemakethe elingapheli ukuze kuvikelwe ababambiqhaza bemakethe ekuhwebeni okukhohlisayo. Mark Price = Intengo yenkomba + imizuzwana engu-30 EMA ye (Perpetual Fair Price - Index Price) Intengo ehlala njalo efanelekile iyisilinganiso sebhidi kanye nenani lokubuza le-oda lesayizi elingu-1 ETH. |
| Ukulethwa/Ukuphelelwa yisikhathi | Akukho Ukulethwa / Ukuphelelwa yisikhathi |
| Izimali | Hlola leli khasi ukuze uthole izinkokhelo ze-Deribit . |
| Umkhawulo Wesikhundla | Isikhundla esiphezulu esivunyelwe yizinkontileka ezingu-10,000,000 (USD 10,000,000). Abasebenzisi bemajini yephothifoliyo abafakiwe kulo mkhawulo futhi bangakha izikhundla ezinkulu. Ngesicelo, umkhawulo wesikhundla ungase uphakanyiswe ngokusekelwe ekuhlolweni kwe-akhawunti. |
Izibonelo zeMargin Yokuqala:
| Usayizi wesikhundla se-BTC | Imajini yesondlo | Imajini ku-BTC |
| 0 | 1% + 0 = 1% | 0 |
| 25 | 1% + 25/100 * 0.5% = 1.125% | 0.28125 |
| 350 | 1% + 350/100 * 0.5% = 2.75% | 9.625 |
Izibonelo Zemajini Yesondlo:
| Usayizi wesikhundla se-BTC | Imajini yesondlo | Imajini ku-BTC |
| 0 | 0.525% | 0 |
| 25 | 0.525% + 25 * 0.005% = 0.65% | 0.1625 |
| 350 | 0.525% + 350 * 0.005% = 2.275% | 7.9625 |
Izinga Lokuxhaswa Ngezimali
Uma izinga loxhaso lilihle, abanikazi bezikhundla ezinde bakhokha uxhaso kulabo abanezikhundla ezimfushane; uma izinga loxhaso lilibi, abanezikhundla ezimfushane bakhokha uxhaso kubaphathi bezikhundla ezinde. Izinga lemali lichazwa njengenani lenzalo lamahora angu-8, futhi libalwa nganoma isiphi isikhathi ngendlela elandelayo: Isilinganiso se-
Premium Rate
Premium Rate = ((Mark Price - Deribit Index) / Deribit Index) * 100%
Isilinganiso Sokuxhaswa
Ngokulandelana, izinga lokuxhaswa isuselwa esilinganisweni seprimiyamu ngokufaka umswakama.
- Uma izinga leprimiyamu lingaphakathi kwebanga elingu -0.05% kanye no-0.05%, izinga langempela loxhaso lizokwehliswa libe ngu-0.00%.
- Uma izinga le-premium liphansi kune--0.05%, khona-ke izinga langempela lokuxhasa lizoba izinga le-premium + 0.05%.
- Uma izinga leprimiyamu lingaphezulu kuka-0.05%, izinga loxhaso lwangempela lizoba izinga le-premium - 0.05%.
- Ukwengeza, izinga loxhaso limi ku--/+0.5%, elivezwe njengenani lenzalo lamahora angu-8.
Izinga Lokuxhaswa Ngezimali = Ubukhulu (0.05%, I-Premium Rate) + Ubuncane (-0.05%, I-Premium Rate) Isiqephu
Sesikhathi Sengxenyana
= Isilinganiso Soxhaso Isikhathi Isikhathi / amahora angu-8
Inkokhelo yoxhaso yangempela ibalwa ngokuphindaphinda izinga loxhaso ngosayizi wesikhundla kanye ingxenye yesikhathi.
Inkokhelo Yezimali = Izinga Loxhaso * Usayizi Wesikhundla * Ingxenyana Yesikhathi
| Isibonelo 1 | Uma inani lentengo liku-USD 10,010 futhi inkomba ye-Deribit iku-USD 10,000, izinga loxhaso kanye nenani leprimiyamu libalwa ngale ndlela elandelayo: Isilinganiso Esiyinhloko = ((10,010 - 10,000) / 10,000) * 100% = 0.10% Isilinganiso Sokuxhaswa = Ubukhulu (0.05%, 0.10%) + Ubuncane (-0.05%, 0.10%) = 0.10% - 0.05% = 0.05% Ake sicabange ukuthi umhwebi unesikhundla eside se-USD 10,000 (1 BTC) iminithi elingu-1, futhi phakathi nalo mzuzu intengo kamaki ihlala ku-USD 10,010 futhi inkomba ye-Deribit ihlala ku-USD 10,000, kulesi simo ukubala kwezimali kwalesi sikhathi kuthi: Amahora angu-8 = 480 amaminithi: Isilinganiso Soxhaso = 1/480 * 0.05% = 0.0001041667% Inkokhelo Yezimali = 041600% = 0. 1 BTC = 0.000001041667 BTC Abaphathi bezikhundla ezimfushane bathola le mali futhi abanikazi bezikhundla ezide bayayikhokha. |
| Isibonelo sesi-2 | Uma umhwebi ekhethe ukubamba isikhundla sesibonelo sangaphambilini amahora angu-8 futhi inani lentengo nenkomba ye-Deribit kuhlale ku-USD 10,010 kanye ne-USD 10,000 sonke isikhathi, izinga loxhaso lizoba ngu-0.05%. Inkokhelo yemali izokhokhwa ngamade futhi yamukelwe izikhindi. Amahora angu-8, bekungaba ngu-0.0005 BTC (noma i-USD 5.00). |
| Isibonelo sesi-3 | Uma inani lentengo liyi-USD 10,010 ngomzuzu ongu-1 bese lishintsha libe ngu-USD 9,990 umzuzu ngemva kwalokho, noma kunjalo, i-Index ihlala ku-USD 10,000, khona-ke uxhaso lwemali kule mizuzu engu-2 yesikhundla eside se-1 BTC ncamashi i-0 BTC. Ngemuva komzuzu wokuqala, umhwebi uzokhokha 1/480 * 0.05% = 0.0001041667% * 1 BTC = 0.000001041667 BTC, noma kunjalo, umzuzu olandelayo, umhwebi uzothola inani elifanayo ncamashi. |
| Isibonelo sesi-4 | Intengo yophawu ingu-USD 10,002, futhi Inkomba ihlala ku-USD 10,000. Kulokhu, uxhaso lwesikhathi sangempela luyiziro (0.00%) ngoba intengo yomaka ingaphakathi kwebanga elingu-0.05% ukusuka enanini lenkomba (ngaphakathi kwe-USD 9,990 kanye ne-USD 10,010). Lokhu kungahlolwa ngokusebenzisa isilinganiso seprimiyamu namafomula esilinganiso soxhaso: Isilinganiso Esiyinkokhelo = ((10,002 - 10,000) / 10,000) * 100% = 0.02% Isilinganiso Soxhaso = Ubukhulu (0.05%, Isilinganiso Esiyinkokhelo) + Ubuncane (-0.05%), I-Premium Rate) = 0.05% - 0.05% = 0.00% |
Eqinisweni, ukusabalala kwe-Deribit BTC Index kanye nenani lentengo lishintsha ngokuqhubekayo, futhi zonke izinguquko ziyacatshangelwa. Ngakho-ke, izibonelo ezingenhla ziwukuba lula ngokwedlulele kwezibalo zangempela. Imali ekhokhwayo noma etholiwe yengezwa ngokuqhubekayo ku-PNL etholakalayo futhi ithuthelwa noma isuswe ebhalansi yemali ekukhokhweni kwansuku zonke, ngo-08:00 UTC.
Izinkokhelo ze
-Deribit Yoxhaso azikhokhisi noma yiziphi izimali zoxhaso. Zonke izinkokhelo zoxhaso zidluliselwa phakathi kwabanikazi bezinkontileka ezingapheli. Lokhu kwenza uxhaso lube umdlalo we-zero-sum, lapho abantu abade bethola lonke uxhaso oluvela kuzikhindi, noma izikhindi zithola yonke imali ezinde.
Mark Price
Kubalulekile ukuqonda ukuthi intengo yamamaki ibalwa kanjani. Siqala ngokunquma "Fair Price". Intengo efanelekile ibalwa njengesilinganiso sebhidi yomthelela ofanelekile kanye nomthelela ofanelekile obuzayo.
Ibhidi yomthelela efanelekile iyinani elimaphakathi le-oda lokuthengisa lemakethe elingu-1 BTC noma inani lebhidi elingcono kakhulu - 0.1%, kuye ngokuthi iyiphi enevelu enkulu.
I-Fair Impact Ask iyinani elimaphakathi le-oda lokuthengwa kwemakethe elingu-1 BTC noma intengo engcono kakhulu yokubuza + 0.1%, noma iyiphi enenani eliphansi.
- Inani Elifanelekile = (Ibhidi Yomthelela Ofanelekile + Ukubuza Komphumela Ofanelekile) / 2
Intengo yomamaki itholwa kusetshenziswa kokubili i-Deribit Index kanye nenani elifanelekile, ngokwengeza ku-Deribit Index i-avareji enyakazayo engamasekhondi angu-30 (EMA) ye-Fair Price - Deribit Index.
- Mark Price = I-Deribit Index + EMA yesibili engu-30 (Inani Elifanelekile - Inkomba ye-Deribit)
Ngaphezu kwalokho, intengo yomamaki ilinganiselwe kakhulu nge-Deribit Index +/- 0.5%, ngakho-ke ngaphansi kwanoma yiziphi izimo, intengo yomaka yesikhathi esizayo ingaphambukisa ngaphezu kuka-0.5% ku-Deribit Index.
Ukuhweba ngaphandle kwalo mkhawulokudonsa kusavunyelwe.
I-EMA yesibili engama-30 ibalwa kabusha njalo ngomzuzwana, ngakho-ke sezizonke, kunezikhathi zesikhathi ezingama-30 lapho ukukalwa kwesekhondi yakamuva kunesisindo esingu-2 / (30 + 1) = 0.0645 noma (6.45%).
Umkhawulokudonsa Wokuhweba Ovunyelwe
Amapharamitha amabili abopha uhla lokuhweba:
Ukuhweba okuphakade kukhawulelwe yi-Deribit Index + iminithi elingu-1 EMA (Inani Elifanelekile - Inkomba) +/- 1.5%, kanye nomkhawulokudonsa ogxilile we-Deribit Index engu-+/- 7.5%.
Uma izimo zemakethe zidinga kanjalo, imingcele yomkhawulokudonsa ingalungiswa ngokubona kwe-Deribit.
Izinketho
I-Deribit inikeza izinketho zesitayela saseYurophu ezikhokhelwa imali
Izinketho zesitayela saseYurophu zisetshenziswa kuphela lapho ziphelelwa yisikhathi futhi azikwazi ukusetshenziswa ngaphambili. Ku-Deribit, lokhu kuzokwenzeka ngokuzenzakalelayo.
Ukukhokhwa kwemali kusho ukuthi ekupheleni kwesikhathi, umbhali wenkontileka yezinketho uzokhokha noma iyiphi inzuzo kumnikazi, kunokudlulisa noma yiziphi izimpahla.
Izinketho zinenani le-BTC noma i-ETH. Nokho, intengo ehambisanayo ingaphinda ibonakale ngama-USD. Intengo ngama-USD inqunywa ngokusebenzisa izintengo zakamuva zesikhathi esizayo. Ukwengeza, ukuntengantenga okushiwo kwentengo yenketho nakho kuboniswa endaweni yesikhulumi.
Inketho yekholi yilungelo lokuthenga i-BTC engu-1 ngentengo ethile (inani lesiteleka), futhi inketho yokubeka iyilungelo lokuthengisa i-BTC engu-1 ngentengo ethile (inani lesiteleka).
| Isibonelo 1 |
Umhwebi uthenga inketho yekholi ngentengo yesiteleka engu-10,000 USD ngo-0.05 BTC. Manje unelungelo lokuthenga i-BTC engu-1 nge-10,000 USD. Ekupheleni kwesikhathi, i-BTC Index iku-12,500 USD, futhi intengo yokulethwa yi-12,500 USD. Kulokhu, inketho ixazululwe nge-2,500 USD nge-1 BTC ngayinye. Ekupheleni kwesikhathi, i-akhawunti yomthengisi ifakwe ku-0.2 BTC (2,500/12,500), futhi i-akhawunti yomthengisi idonswa ku-0.2 BTC. Intengo yokuqala yokuthenga yayingu-0.05 BTC; ngakho-ke, inzuzo yomthengisi yi-0,15 BTC. Noma iyiphi inketho yekholi enenani lokuzivocavoca (intengo yesiteleka) engaphezu kuka-12,500 USD izophelelwa yisikhathi ingenamsebenzi. Ukusebenzisa izinketho zemali kwenzeka ngokuzenzakalelayo ekupheleni kwesikhathi. Umhwebi akakwazi ukusebenzisa inketho ngokwakhe, noma ayisebenzise ngaphambi kokuphelelwa yisikhathi. |
| Isibonelo sesi-2 |
Umhwebi uthenga inketho yokubeka ngentengo yesiteleka engu-10,000 USD ngo-0.05 BTC. Manje unelungelo lokuthengisa i-1 BTC nge-10,000 USD. Ekupheleni kwesikhathi, intengo yokulethwa ingu-5,000 USD. Le nketho ixazululwe nge-5,000 USD, elingana ne-1 BTC (5,000 USD ye-1 BTC). Ngakho-ke, umnikazi walolu khetho ubizwa nge-1 BTC ekupheleni kwesikhathi. Intengo yokuqala yokuthenga yenketho yayiyi-0.05 BTC, ngakho-ke, inzuzo ephelele yomthengisi yi-0.95 BTC. |
| Isibonelo sesi-3 |
Umhwebi uthengisa inketho yokubeka ngentengo yesiteleka engu-10,000 USD ngo-0.05 BTC. Intengo yokulethwa ekupheleni kwesikhathi ngu-10,001 USD. Inketho iphelelwa yisikhathi ingelutho. Umthengi ulahlekelwe yi-0.05 BTC, futhi umdayisi wazuza i-0.05 BTC. |
| Isibonelo sesi-4 |
Umhwebi uthengisa inketho yokushaya ucingo ngentengo yesiteleka engu-10,000 USD ngo-0.05 BTC. Intengo yokulethwa ekupheleni kwesikhathi ingu-9,999 USD. Inketho yekholi iphelelwa yisikhathi ingenamsebenzi. Umthengi ulahlekelwe yi-0.05 BTC, futhi umdayisi wazuza i-0.05 BTC. |
Imininingwane Yenkontileka BTC
| Impahla/ Ithikha eyisisekelo |
I-Deribit BTC Index |
| Uphawu |
Uphawu lwenkontileka yezinketho luqukethe i-Underlying asset-Idethi yokuphelelwa yisikhathi-Intengo yesiteleka-Izinketho (C - call/ P - put). Isibonelo : I-BTC-30MAR2019-10000-C Lena inketho yekholi (C), enentengo yesiteleka engu-10,000 USD, ephelelwa yisikhathi ngoMashi 30, 2019. |
| Amahora Okuhweba |
24/7 |
| Thika usayizi |
0.0005 BTC |
| Izikhawu Zentengo Yesiteleka |
Kuncike ngentengo ye-BTC. Ingahluka phakathi kuka-250 USD no-5,000 USD. |
| Izintengo zesiteleka |
Izintengo zesiteleka semali, ezingaphakathi, neziphumayo zifakwa ohlwini. Uchungechunge olusha ngokuvamile luyengezwa lapho impahla eyisisekelo ihweba ngaphezu kwenani eliphakeme kakhulu noma elingaphansi kwentengo yesiteleka ephansi etholakalayo. |
| Ikhotheshini ye-Premium |
Uma ihlelwe ku-BTC ubuncane bosayizi wethikhi ngu-0.0005 BTC. Okulingana nge-USD kuhlala kuboniswa kuthebula lokuhweba, ngokusekelwe enanini lenkomba ye-BTC. |
| Izinsuku Zokuphelelwa yisikhathi |
Njalo ngoLwesihlanu, ngo-08:00 e-UTC. |
| Isitayela Sokuzivocavoca |
Isitayela saseYurophu esinenkokhelo yemali. Izinketho zesitayela saseYurophu zisetshenziswa lapho kuphelelwa yisikhathi. Lokhu kwenziwa ngokuzenzakalelayo futhi akukho senzo esivela kumhwebi esidingekayo. |
| Inani Lokukhokha |
Ukusebenzisa inkontileka yezinketho kuzoholela ekukhokheni ku-BTC ngokushesha ngemva kokuphelelwa yisikhathi. Inani lokukhokha ngokuzivivinya libalwa kusetshenziswa isilinganiso senkomba ye-Deribit BTC phakathi nemizuzu engu-30 edlule ngaphambi kokuphelelwa yisikhathi. Inani lokukhokha ngama-USD lilingana nomehluko phakathi kwevelu yokuzivocavoca kanye nentengo yesimangalo yenketho. Inani lokuzivocavoca liyisilinganiso samaminithi angu-30 wenkomba ye-BTC njengoba kubalwe ngaphambi kokuphelelwa yisikhathi. Inani lokukhokha ku-BTC libalwa ngokuhlukanisa lo mehluko ngevelu yokuzivocavoca. |
| Isiphindaphinda |
1 Inombolo eyisisekelo eyisisekelo yezinketho zesitoko ngamasheya ayi-100. Ku-Deribit asikho isiphindaphinda. Inkontileka ngayinye ine-BTC engu-1 kuphela njengempahla eyisisekelo. |
| I-Margin yokuqala |
Imajini yokuqala ibalwa njengenani le-BTC elizogodlwa ukuze uvule isikhundla. Ucingo olude/beka: Lutho Ucingo olufushane: Ubukhulu (0.15 - Inani le-OTM/Intengo Yophawu Olungaphansi, 0.1) + Maka Intengo Yenketho Isifinyezo: Ubukhulu (Ubukhulu (Ubukhulu (0.15 - Inani le-OTM/Intengo Yophawu Olungaphansi, 0.1) + Maka Intengo Yenketho, Imajini Yokulungisa) |
| Imajini yesondlo |
Imajini yesondlo ibalwa njengenani le-BTC elizogodlwa ukuze kugcinwe isikhundla. Ucingo olude/beka: Lutho Ucingo olufushane: 0.075 + Maka Intengo Yenketho Isifinyezo: Ubukhulu (0.075, 0.075 * Maka Intengo Yenketho) + Maka Intengo Yenketho |
| Maka Intengo |
Maka intengo yenkontileka yezinketho yinani lamanje lenketho njengoba libalwa uhlelo lokulawulwa kwezinhlekelele lwe-Deribit. Ngokuvamile, lesi isilinganiso sebhidi engcono kakhulu kanye nenani lokubuza elingcono kakhulu. Nokho, ngezinhloso zokulawula ubungozi, kunomkhawulokudonsa wamanani okhona. Noma kunini, ukuphathwa kwezinhlekelele kwe-Deribit kusetha imikhawulo eqinile kwenani eliphansi neliphezulu IV elivunyelwe. Isibonelo : Uma izilungiselelo zomkhawulo oqinile beziku-60% ubuncane be-IV kanye no-90% esiphezulu IV, khona-ke inketho enenani eliphakathi ne-IV elingaphezu kuka-90% izomakwa inani elingu-90% IV. Noma iyiphi inketho enenani eliphakathi elingaphansi kuka-60% IV izoba nenani elingu-60% IV. Qaphela ukuthi u-60% no-90% angamaphesenti nje ayisibonelo, futhi izilinganiso zangempela ziyahlukahluka futhi zihambisana nokulawulwa kwezinhlekelele kwe-Deribit. |
| Izimali |
Hlola leli khasi ukuze uthole izinkokhelo ze-Deribit . |
| Umkhawulokudonsa Wokuhweba Ovunyelwe |
I-Max Price (Thenga i-oda) = Mark Price + 0.04 BTC Inani elincane (Thengisa i-oda) = Mark Price - 0.04 BTC |
| Umkhawulo Wesikhundla |
Okwamanje, ayikho imikhawulo yezikhundla esebenzayo. Imikhawulo yesikhundla ingase ishintshe. Nganoma isiphi isikhathi i-Deribit ingase ibeke imingcele yendawo. |
| Ubuncane bosayizi we-oda |
0.1 inketho yenkontileka |
| Block Trade |
Ubuncane bezinkontileka zezinketho ezingama-25 |
Imininingwane Yenkontileka ETH
| Impahla/ Ithikha eyisisekelo |
I-Deribit ETHIndex |
| Uphawu |
Uphawu lwenkontileka yezinketho luqukethe i-Underlying asset-Idethi yokuphelelwa yisikhathi-Intengo yesiteleka-Izinketho (C - call/ P - put). Isibonelo: I-ETH-30MAR2019-100-C Lena inketho yekholi (C), enentengo yesiteleka engu-100 USD, ephelelwa yisikhathi ngoMashi 30, 2019. |
| Amahora Okuhweba |
24/7 |
| Thika usayizi |
0.0005 ETH |
| Izikhawu Zentengo Yesiteleka |
Kuncike ngentengo ye-ETH. Ingahluka phakathi kuka-1 USD no-25 USD. |
| Izintengo zesiteleka |
Izintengo zesiteleka sangaphakathi, eku-, nangaphandle kwemali (OTM) zifakwa ohlwini ekuqaleni. Uchungechunge olusha ngokuvamile luyengezwa lapho impahla eyisisekelo ihweba ngaphezu kwenani eliphakeme kakhulu noma elingaphansi kwentengo yesiteleka ephansi etholakalayo. |
| Ikhotheshini ye-Premium |
Uma ubizwa nge-ETH, ubuncane bosayizi wethikhi ngu-0.001 ETH. Okulingana nge-USD kuhlale kukhonjiswa kuthebula lokuhweba, ngokusekelwe enanini lenkomba ye-ETH. |
| Izinsuku Zokuphelelwa yisikhathi |
Njalo ngoLwesihlanu, ngo-08:00 e-UTC. |
| Isitayela Sokuzivocavoca |
Isitayela saseYurophu esinenkokhelo yemali. Izinketho zesitayela saseYurophu zisetshenziswa lapho kuphelelwa yisikhathi. Lokhu kwenziwa ngokuzenzakalelayo futhi akukho senzo esivela kumhwebi esidingekayo. |
| Inani Lokukhokha |
Ukusebenzisa inkontileka yezinketho kuzoholela ekukhokheni i-ETH ngokushesha ngemva kokuphelelwa yisikhathi. Inani lokukhokha ngokuzivocavoca libalwa kusetshenziswa isilinganiso senkomba ye-Deribit ETH phakathi nemizuzu engu-30 edlule ngaphambi kokuphelelwa yisikhathi. Inani lokukhokha ngama-USD lilingana nomehluko phakathi kwevelu yokuzivocavoca kanye nentengo yesimangalo yenketho. Inani lokuzivivinya liyisilinganiso samaminithi angu-30 wenkomba ye-ETH njengoba kubalwe ngaphambi kokuphelelwa yisikhathi. Inani lokukhokha ku-ETH libalwa ngokuhlukanisa lo mehluko ngevelu yokuzivocavoca. |
| Isiphindaphinda |
1 Inombolo eyisisekelo eyisisekelo yezinketho zesitoko ngamasheya ayi-100. Ku-Deribit asikho isiphindaphinda. Inkontileka ngayinye ine-ETH engu-1 kuphela njengempahla eyisisekelo. |
| I-Margin yokuqala |
Imajini yokuqala ibalwa njengenani le-ETH elizogodlwa ukuvula isikhundla. Ucingo olude/beka: Lutho Ucingo olufushane: Ubukhulu (0.15 - Inani le-OTM/Intengo Yophawu Olungaphansi, 0.1) + Maka Intengo Yenketho Isifinyezo: Ubukhulu (Ubukhulu (Ubukhulu (0.15 - Inani le-OTM/Intengo Yophawu Olungaphansi, 0.1) + Maka Intengo Yenketho, Imajini Yokulungisa) |
| Imajini yesondlo |
Imajini yesondlo ibalwa njengenani le-ETH elizogcinwa ukuze kugcinwe isikhundla. Ucingo olude/beka: Lutho Ucingo olufushane: 0.075 + Maka Intengo Yenketho Isifinyezo: Ubukhulu (0.075, 0.075 * Maka Intengo Yenketho) + Maka Intengo Yenketho |
| Maka Intengo |
Maka intengo yenkontileka yezinketho yinani lamanje lenketho njengoba libalwa uhlelo lokulawulwa kwezinhlekelele lwe-Deribit. Ngokuvamile, lesi isilinganiso sebhidi engcono kakhulu kanye nenani lokubuza, nokho, ngezinjongo zokulawula ubungozi, kukhona umkhawulokudonsa wamanani endaweni. Noma kunini, ukuphathwa kobungozi kwe-Deribit kusetha imikhawulo eqinile kokuncane kanye nokuguquguquka okukhulu okushiwoyo (IV) okuvunyelwe. Isibonelo : Uma izilungiselelo zomkhawulo oqinile beziku-60% ubuncane be-IV kanye no-90% esiphezulu IV, khona-ke inketho enenani eliphakathi ne-IV elingaphezu kuka-90% izomakwa inani elingu-90% IV. Noma iyiphi inketho enenani eliphakathi elingaphansi kuka-60% IV izoba nenani elingu-60% IV. Qaphela ukuthi u-60% no-90% angamaphesenti nje ayisibonelo, futhi izilinganiso zangempela ziyahlukahluka futhi zihambisana nokulawulwa kwezinhlekelele kwe-Deribit. |
| Izimali |
Hlola leli khasi ukuze uthole izinkokhelo ze-Deribit. |
| Umkhawulokudonsa Wokuhweba Ovunyelwe |
I-Max Price (Thenga i-oda) = Mark Price + 0.04 ETH Inani elincane (Thengisa i-oda) = Mark Price - 0.04 ETH |
| Umkhawulo Wesikhundla |
Okwamanje, ayikho imikhawulo yezikhundla esebenzayo. Imikhawulo yesikhundla ingase ishintshe. Nganoma isiphi isikhathi i-Deribit ingase ibeke imingcele yendawo. |
| Ubuncane bosayizi we-oda |
Inkontileka yenketho engu-1 |
| Block Trade |
Ubuncane bezinkontileka ezingama-250 ongakhetha kuzo |
Izinhlobo ze-oda
Njengamanje, imakethe kanye nama-oda omkhawulo kuphela amukelwa injini ehambisanayo. Ukwengeza, i-oda lingaba i-oda "lokuthunyelwa kuphela"; kodwa-ke, lokhu kusebenza akutholakali ezinhlotsheni ze-oda ezithuthukisiwe (ezichazwe ngezansi).I-oda lokuthunyelwe kuphela lizohlala lifaka ibhuku le-oda ngaphandle kokufaniswa ngokushesha. Uma i-oda belizofaniswa, injini yethu yokuhweba ibingalungisa i-oda ukuze ingene ebhukwini le-oda ngentengo engcono kakhulu elandelayo.
Isibonelo:
Uma umthengisi ebeka i-oda lokuthenga ku-0.0050 BTC, kodwa kukhona okunikezwayo kwe-0.0045 BTC, intengo ye-oda izolungiswa ngokuzenzakalelayo ibe ngu-0.0044 BTC, ukuze ingene ebhukwini le-oda njenge-oda lomkhawulo.
Ngokuhweba ngezinketho, inkundla isekela izinhlobo ezimbili ezengeziwe zokuhleleka okuthuthukile. Izintengo zebhuku loku-oda ziku-BTC futhi izinketho zinenani le-BTC. Kodwa-ke, kungenzeka ukuhambisa ama-oda wokuguquguquka kanye nama-oda yenani we-USD angashintshi.
Ngokugcwalisa ifomu le-oda lezinketho, umhwebi angakhetha ukunquma intengo ngezindlela ezi-3: nge-BTC, USD, kanye ne-Implied Volatility.
Uma i-oda linenani lama-USD noma ukuguquguquka okuguquguqukayo, injini ye-Deribit izoqhubeka ibuyekeza i-oda ukuze igcine inani le-USD kanye Nokungaguquguquki Okucatshangwayo enanini elingashintshi njengoba lifakwe efomini le-oda. Ama-oda we-IV kanye ne-USD abuyekezwa kanye ngamasekhondi angu-6.
Ama-oda we-USD
Ama-oda we-USD angaguquki awusizo uma umhwebi enqume ukuthi ufuna ukukhokha amadola angu-X ngenketho ethile. Ngenxa yezinga lokushintshanisa elishintshayo, leli nani alihlali njalo ku-BTC, noma kunjalo, incwadi yoku-oda isebenza kuphela nge-BTC. Ukuze kugcinwe inani le-USD elingashintshi, i-oda lizogadwa ngokuqhubekayo futhi lihlelwe injini yentengo.I-Deribit Index isetshenziselwa ukunquma intengo ye-BTC yenketho uma kungabikho ikusasa elihambisanayo eliphelelwa yisikhathi ngedethi efanayo. Uma kunekusasa elihambisanayo, intengo yomaka yesikhathi esizayo izosetshenziswa. Kodwa-ke, intengo yamaka yesikhathi esizayo inqunyelwe umkhawulokudonsa, olinganiswa ngokumelene nenkomba - inani elisetshenziselwa ama-oda we-USD/IV alikwazi ukuhluka ngaphezu kuka-10% kunkomba.
I-Volatility Orders
Ama-Volatility ama-oda, anokushintshashintsha okuhleliwe okusethwe ngaphambilini. Lolu hlobo lwe-oda lwenza kwenzeke uchungechunge lwezinketho zokwenziwa kwemakethe ngaphandle kwezicelo ezengeziwe zabakhiqizi bemakethe.Ukubiyela okuzenzakalelayo okunekusasa akukasekelwa, nokho, kumephu yomgwaqo. Imodeli yentengo yenketho yabamnyama isetshenziswa ukunquma amanani. Sicela uqaphele ukuthi amanani abuyekezwa kanye ngomzuzwana. I-USD engaguquki kanye nama-oda we-Volatility nawo ashintshwa ngobuningi benjini yamanani kanye ngomzuzwana njengoba ilandela inkomba yentengo ye-Deribit. Uma kunekusasa elihambisanayo, ikusasa lizosetshenziswa njengokufakwayo ekubaleni ama-oda e-IV ne-USD.
Ishadi Lokuguquguquka Lomlando
Ishadi lokuguquguquka komlando waminyaka yonke wezinsuku eziyi-15 lenkomba ye-Deribit BTC/ETH liboniswa endawenikazi.I-Volatility ibalwa ngokurekhoda inani lenkomba kanye ngosuku ngesikhathi esinqunyiwe. Ukuntengantenga (okwenziwe ngonyaka) kwe-BTC/ETH kube sekubalwa esikhathini esiyizinsuku eziyi-15.
IMis-Trade Imithetho
Ngenxa yezizathu ezihlukahlukene, kungase kube nesimo lapho izinketho zithengiswa ngamanani abangelwa imakethe engavamile engahlelekile, okunethuba elikhulu lokuthi uhlangothi olulodwa lokuhweba lwenziwe ngokungafuni. Ezimweni ezinjalo, i-Deribit ingase ilungise izintengo noma ihlehlise ukuhweba.Ukulungiswa kwentengo noma ukuhlehliswa kohwebo lwezinketho kuzokwenziwa kuphela uma intengo edayiswayo yenkontileka yezinketho ibikude kuno-5% enanini lethiyori lenkontileka yezinketho eziyisisekelo (0.05BTC yezinketho ze-BTC).
Isibonelo:
Uma inketho idayiswa ngentengo engu-0.12 BTC, kodwa intengo yayo yetiyori ingu-0.05BTC, umhwebi angacela ukulungiswa kwentengo ku-0.10BTC.
Uma umhwebi ebona ukuthi uhwebo lwenziwe ngentengo ethathwa njengenentengo engafanele, kufanele abhale i-imeyili yokushintshanisa ([email protected]) ecela ukulungiswa kwentengo ngokushesha ngangokunokwenzeka.
Intengo yetiyori yenketho iyinani lomaka, nakuba kunzima ukuthi ukushintshanisa kube nenani lentengo elifana ncamashi nenani letiyori ngaso sonke isikhathi. Ngakho-ke, uma kwenzeka kuba nokungavumelani mayelana nenani letiyori, le ntengo izonqunywa ngokubonisana nabenzi bemakethe abayinhloko endaweni yesikhulumi. Uma kukhona ukungaboni ngaso linye, i-Deribit izolandela izincomo zabo mayelana nokuthi bekuyini inani lethiyori lenketho ngesikhathi sokuhweba.
Isicelo sokulungiswa kwentengo kufanele senziwe phakathi kwamahora angu-2 ngemva kokwenziwa kohwebo. Uma nganoma isiphi isizathu inkampani esebenzisana nayo isivele ihoxile izimali, futhi i-Deribit ingakwazi ukubuyisela imali eyanele kwelinye, ukulungiswa kwentengo kuzokwenziwa kuphela enani elibuyiswe ku-akhawunti yomunye. Isikhwama somshwalense asihlosiwe futhi ngeke sisetshenziselwe ukuxhasa imali engalungile.
Izibopho Zokwenza Imakethe
Injini ehambisanayo kanye nenjini yobungozi yakhiwe kusukela phansi ukuze ikwazi ukumunca ama-oda amaningi ngesikhathi esifushane kakhulu. Kuyadingeka kunoma yiziphi izinketho ezingathi sína ngenxa yenani elikhulu lezimpahla. Inkundla iyakwazi ukuphatha izinkulungwane zezicelo ze-oda ngomzuzwana nge-ultra-low latency, nge-REST, WebSockets, ne-FIX API.Sicela uqaphele ukuthi okwamanje asikwazi ukwamukela abenzi bemakethe abasha (ngaphandle kwalabo esesivele sixhumana nabo futhi esilungiselela ukuxhumana).
Mayelana nemithetho yabenzi bemakethe echazwe ngezansi, noma ubani obeka izingcaphuno (amabhidi futhi abuze) ethuluzini elifanayo noma yimuphi umthengisi onama-oda ezinketho ezingaphezu kuka-20 encwadini ngokuhweba okuzenzakalelayo (nge-API) angathathwa njengomenzi wemakethe futhi angaphoqeleka ukuthi hambisana nemithetho engezansi.
Izibopho Zomenzi Wemakethe:
1. Umenzi wemakethe (MM) unesibopho sokubonisa izingcaphuno emakethe amahora angu-112 ngesonto. Ukucaphuna izimakethe ezinezinhlangothi ezimbili ngaphandle komkhawulokudonsa ovunyelwe ochazwe ngezansi akuvunyelwe noma nini.2. Ukufakwa kwamathuluzi:
Umenzi wemakethe kufanele acaphune zonke izikhathi eziphelelwa yisikhathi, kanye no-90% wazo zonke izivumelwano zenketho ne-delta phakathi kuka-0.1 no-0.9 ngokwemibandela ephelele.
3. Ubuningi obuvunyelwe ukusabalala kokucela ibhidi: Ngaphansi kwezimo ezijwayelekile okuzenzakalelayo, ukusabalala kwebhidi okuvunyelwe okuphezulu kufanele kube umkhawulo ongu-0.01, (i-delta yenketho) * 0.04.
I-Delta yenketho = i-delta ye-BS njengoba ibalwa nge-Deribit - Maka intengo njengoba ibalwa yi-Deribit
Njengesibonelo, izingcingo zenyanga ze-ATM akufanele zicashunwe ngobubanzi obungaphezu kuka-0.02, i-delta 1.0 put akufanele icashunwe ibe banzi kuno-0.04, njll. Okuhlukile
:
- Ukusabalala okuphezulu kwezinketho zesikhathi eside, okuphelelwa yisikhathi ezinyangeni ezingu-6+, noma izinketho ezingenalo ikusasa elilandelanayo elinemakethe ye-liquid ekhona kuplathifomu ye-Deribit, kungaba izikhathi ezingu-1.5 ukusabalala okuzenzakalelayo.
- Ubukhulu bokusabalala kochungechunge olusanda kwethulwa olunedethi yokuphelelwa yisikhathi yenyanga engu-1+ kungaba izikhathi ezingu-1.5 zokusatshalaliswa okuphezulu okuzenzakalelayo kwesikhathi esiyizinsuku ezingu-5 ngemva kokwethulwa kokuphelelwa yisikhathi okusha.
- Ubukhulu bokusabalala kochungechunge olusanda kwethulwa olunedethi yokuphelelwa yisikhathi ngaphansi kwenyanga engu-1 kungaba izikhathi ezingu-1.5 zokusatshalaliswa okuphezulu okuzenzakalelayo kwesikhathi sosuku olungu-1 ngemva kokwethulwa kokuphelelwa yisikhathi okusha.
- Emakethe ehamba ngokushesha, ukusabalala okuphezulu okuvunyelwe kungaba kabili ukusabalala okudingekile njengezimo ezivamile.
5. Imakethe ehamba ngokushesha: 10% unyakaza emahoreni angu-2 adlule.
6. Akukho ukufiphala: Iqembu elithola umthamo owengeziwe wokucaphuna (enama-oda avuliwe angaphezu kuka-20) alivunyelwe ukushintsha ama-oda alo ngokungaguquguquki ekuphenduleni izinguquko zemiyalo yabanye ababambiqhaza yokuyithuthukisa ngenani elincane, ngokuphambene nokushintsha ama-oda. ngokusekelwe embonweni wabo wemakethe.
