{"id":12066,"date":"2022-12-18T21:17:23","date_gmt":"2022-12-18T20:17:23","guid":{"rendered":"https:\/\/simplecryptoguide.com\/?p=12066"},"modified":"2026-10-26T15:25:39","modified_gmt":"2026-10-26T14:25:39","slug":"what-are-perpetual-contracts-perps","status":"publish","type":"post","link":"https:\/\/simplecryptoguide.com\/pl\/what-are-perpetual-contracts-perps\/","title":{"rendered":"Kontrakty perpetual: najpierw oblicz ekspozycj\u0119, potem d\u017awigni\u0119"},"content":{"rendered":"<div data-no-translation><p>[et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;40px||40px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; background_color=&#8221;#fff8d8&#8243;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;2_3,1_3&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; module_class=&#8221;scg-essential-hero&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;2_3&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221; header_font_size=&#8221;42px&#8221;]<\/p>\n<div class=\"scg-essential-breadcrumb\"><nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><span class=\"last\">Home<\/span><\/p><\/nav><\/div>\n<h1>Kontrakty perpetual: najpierw oblicz ekspozycj\u0119, potem d\u017awigni\u0119<\/h1>\n<p>Kontrakt perpetual to instrument pochodny \u015bledz\u0105cy aktywo bazowe bez ustalonego terminu wyga\u015bni\u0119cia. Przed kosztami pozycja d\u0142uga zyskuje przy wzro\u015bcie ceny, a kr\u00f3tka przy spadku. Posiadanie kontraktu BTC nie oznacza zakupu bitcoina, kt\u00f3rego mo\u017cna wyp\u0142aci\u0107. Depozyt zabezpieczaj\u0105cy, funding i zasady likwidacji decyduj\u0105, czy pozycja pozostanie otwarta; brak wyga\u015bni\u0119cia nie oznacza nieograniczonego czasu utrzymywania.<\/p>\n<p class=\"scg-essential-task\">Twoje zadanie: odczytaj liniow\u0105 pozycj\u0119 perpetual, oblicz ekspozycj\u0119 nominaln\u0105 i wynik brutto, a nast\u0119pnie wska\u017c koszty i regu\u0142y likwidacji pomini\u0119te w obliczeniu.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;1_3&#8243;][et_pb_image _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; src=&#8221;https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2026\/10\/leveraged-tokens-risk.png&#8221; alt=&#8221;D\u017awignia r\u00f3wnowa\u017c\u0105ca dwie monety nad symbolem ostrzegawczym przedstawia zwi\u0119kszon\u0105 ekspozycj\u0119 kontrakt\u00f3w lewarowanych&#8221; title_text=&#8221;D\u017awignia r\u00f3wnowa\u017c\u0105ca dwie monety nad symbolem ostrzegawczym przedstawia zwi\u0119kszon\u0105 ekspozycj\u0119 kontrakt\u00f3w lewarowanych&#8221; align=&#8221;center&#8221; max_width=&#8221;260px&#8221; custom_margin=&#8221;0px|auto|0px|auto|true|true&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;concept-map&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>Trzy wielko\u015bci, kt\u00f3re trzeba rozr\u00f3\u017cnia\u0107<\/h2>\n<div class=\"scg-essential-grid scg-essential-flow\">\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">1<\/span><\/p>\n<h3>Ekspozycja nominalna<\/h3>\n<p>Nomina\u0142 to warto\u015b\u0107 pozycji, nie got\u00f3wka wp\u0142acona jako zabezpieczenie. W prostym kontrakcie liniowym ilo\u015b\u0107 razy cena daje ekspozycj\u0119 w walucie kwotowanej. Pozycja 0,1 BTC po 50 000 USDT ma ekspozycj\u0119 5 000 USDT. Mno\u017cniki kontraktu i jednostki bywaj\u0105 r\u00f3\u017cne, wi\u0119c sprawd\u017a specyfikacj\u0119 zamiast zak\u0142ada\u0107, \u017ce ka\u017cda wy\u015bwietlona ilo\u015b\u0107 oznacza liczb\u0119 monet.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>Depozyt pocz\u0105tkowy i depozyt utrzymania<\/h3>\n<p>Depozyt pocz\u0105tkowy zabezpiecza otwarcie pozycji. Pomijaj\u0105c op\u0142aty i korekty platformy, ekspozycja 5 000 USDT przy d\u017awigni 5\u00d7 wymaga 1 000 USDT depozytu pocz\u0105tkowego. Depozyt utrzymania to minimalne zabezpieczenie potrzebne do dalszego utrzymywania pozycji, a nie ta sama kwota. Progi ryzyka, op\u0142aty, zasady zabezpieczenia i inne pozycje mog\u0105 zmienia\u0107 wymagania. Ten uproszczony rachunek nie jest wzorem na cen\u0119 likwidacji.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>Cena kontraktu i cena mark<\/h3>\n<p>Ostatnia cena transakcyjna pochodzi z najnowszych realizacji. Indeks odnosi si\u0119 do cen rynku bazowego, a mark price jest cen\u0105 referencyjn\u0105 platformy do obliczania ryzyka. Wiele gie\u0142d u\u017cywa jej do likwidacji, dlatego sam wykres ostatniej ceny mo\u017ce nie wyja\u015bnia\u0107 zdarzenia. Czytaj zasady konkretnego kontraktu i trybu zabezpieczenia; przy depozycie krzy\u017cowym wy\u015bwietlana cena likwidacji mo\u017ce by\u0107 tylko szacunkiem.<\/p>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;walkthrough&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>Sprawd\u017a pozycj\u0119 bez zawierania transakcji<\/h2>\n<div class=\"scg-essential-grid\">\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">1<\/span><\/p>\n<h3>Przeczytaj specyfikacj\u0119 produktu<\/h3>\n<p>Ustal, czy kontrakt jest liniowy czy odwr\u00f3cony, walut\u0119 rozliczenia, jednostk\u0119 ilo\u015bci i minimaln\u0105 wielko\u015b\u0107 zlecenia. Obliczenia w tej lekcji dotycz\u0105 prostego liniowego kontraktu USDT. Kontrakty odwr\u00f3cone maj\u0105 inne obliczenia i ekspozycj\u0119 zabezpieczenia. Zabezpieczenie stablecoinem ma r\u00f3wnie\u017c ryzyko emitenta i ceny. Przed rozwa\u017ceniem rzeczywistego u\u017cycia sprawd\u017a dost\u0119pno\u015b\u0107 produktu dla swojej lokalizacji i konta.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>Ustal, jakie zabezpieczenie jest zagro\u017cone<\/h3>\n<p>W trybie izolowanym pozycja ma przydzielone zabezpieczenie. W trybie krzy\u017cowym kwalifikuj\u0105ce si\u0119 zabezpieczenie konta mo\u017ce wspiera\u0107 wiele pozycji, a straty obj\u0105\u0107 wi\u0119cej ni\u017c kwot\u0119 pocz\u0105tkowo kojarzon\u0105 z jednym zleceniem. Sprawd\u017a automatyczne uzupe\u0142nianie depozytu: mo\u017ce dodawa\u0107 \u015brodki do pozycji izolowanej. Czytaj wymagania utrzymania, miernik ryzyka konta i mechanizm likwidacji zamiast szacowa\u0107 likwidacj\u0119 jako dok\u0142adnie jeden podzielony przez d\u017awigni\u0119.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>Przeanalizuj koszty i plan wyj\u015bcia<\/h3>\n<p>Otwarta pozycja perpetual mo\u017ce p\u0142aci\u0107 lub otrzymywa\u0107 funding; stawka i odst\u0119py mog\u0105 si\u0119 zmienia\u0107. Prowizje s\u0105 pobierane przy realizacji, zwykle od nomina\u0142u, nie od depozytu pocz\u0105tkowego. Sprawd\u017a spread, po\u015blizg, cen\u0119 referencyjn\u0105 wyzwalacza i to, czy zlecenie zamykaj\u0105ce zmniejsza istniej\u0105c\u0105 pozycj\u0119 zamiast otwiera\u0107 kolejn\u0105. Stop nie gwarantuje ceny realizacji; awarie lub szybkie ruchy mog\u0105 uniemo\u017cliwi\u0107 planowane wyj\u015bcie. \u0106wiczenie wykonaj na koncie demo lub na papierze.<\/p>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;worked-example&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;30px|30px|30px|30px|true|true&#8221; module_class=&#8221;scg-essential-panel&#8221; background_color=&#8221;#fff8d8&#8243; custom_padding_phone=&#8221;22px|18px|22px|18px|true|true&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; border_radii=&#8221;on|16px|16px|16px|16px&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#e5d89e&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>Przyk\u0142ad: ten sam ruch ceny, inny wp\u0142yw na depozyt<\/h2>\n<div class=\"scg-essential-equation\"><span>1,000 USDT \u00d7 5<\/span><span>=<\/span><strong>5,000 USDT<\/strong><\/div>\n<p>Za\u0142\u00f3\u017cmy fikcyjn\u0105 liniow\u0105 pozycj\u0119 d\u0142ug\u0105 0,1 BTC otwart\u0105 po 50 000 USDT: nomina\u0142 wynosi 5 000 USDT. Depozyt pocz\u0105tkowy 1 000 USDT daje ekspozycj\u0119 5\u00d7. Je\u015bli wyj\u015bcie zostanie zrealizowane po 49 000, wynik brutto wynosi 0,1 \u00d7 (49 000 \u2212 50 000) = \u2212100 USDT. Cena spad\u0142a o 2%, ale strata brutto odpowiada 10% depozytu pocz\u0105tkowego. Kr\u00f3tka pozycja tej samej wielko\u015bci mia\u0142aby +100 USDT zysku brutto. Nadal trzeba uwzgl\u0119dni\u0107 prowizje, funding i po\u015blizg. Liczby zak\u0142adaj\u0105 przetrwanie pozycji do wyj\u015bcia i nie przewiduj\u0105 progu likwidacji.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;common-mistakes&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>B\u0142\u0119dy ukrywaj\u0105ce rzeczywiste ryzyko<\/h2>\n<div class=\"scg-essential-grid\">\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">1<\/span><\/p>\n<h3>Ponowne mno\u017cenie zysku przez ustawienie d\u017awigni<\/h3>\n<p>Przy sta\u0142ej ilo\u015bci i zmianie ceny mi\u0119dzy wej\u015bciem a wyj\u015bciem liniowy wynik brutto nie zwi\u0119ksza si\u0119 tylko dlatego, \u017ce zmienisz d\u017awigni\u0119. Zmienia ona g\u0142\u00f3wnie wymagany depozyt pocz\u0105tkowy i pokazywan\u0105 stop\u0119 zwrotu z tego depozytu. Rzeczywiste zwi\u0119kszenie ilo\u015bci zwi\u0119ksza ekspozycj\u0119. Nie mno\u017c wyniku obliczonego z ilo\u015bci przez d\u017awigni\u0119 drugi raz.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>Uznawanie depozytu izolowanego za absolutn\u0105 ochron\u0119 konta<\/h3>\n<p>Przydzielony depozyt mo\u017ce rosn\u0105\u0107 przez r\u0119czne dop\u0142aty lub automatyczne uzupe\u0142nienia. Straty w trybie krzy\u017cowym mog\u0105 zu\u017cy\u0107 wsp\u00f3lne kwalifikuj\u0105ce si\u0119 zabezpieczenie. Znaczenie maj\u0105 te\u017c op\u0142aty, regulamin platformy i konstrukcja konta. Nie zak\u0142adaj, \u017ce depozyt pocz\u0105tkowy jest uniwersaln\u0105 maksymaln\u0105 strat\u0105 ani \u017ce stop wykona si\u0119 przed likwidacj\u0105. Sprawd\u017a, jakie aktywa i uprawnienia wspieraj\u0105 pozycj\u0119.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>Mylenie przychodu z fundingu z darmowym zabezpieczeniem<\/h3>\n<p>Przych\u00f3d z fundingu mo\u017ce zosta\u0107 przewy\u017cszony przez niekorzystn\u0105 zmian\u0119 ceny, koszty lub zmian\u0119 stawki. Hedge \u0142\u0105cz\u0105cy spot i perpetual nadal ma ryzyko wykonania, bazy, zabezpieczenia i gie\u0142dy; cz\u0119\u015b\u0107 pochodna mo\u017ce zosta\u0107 zlikwidowana, cho\u0107 ca\u0142y pomys\u0142 wygl\u0105da na zr\u00f3wnowa\u017cony. Perpetuale nie s\u0105 produktami oszcz\u0119dno\u015bciowymi, a monety bazowej nie wyp\u0142acisz z pozycji pochodnej jak z salda spot.<\/p>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;practice&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;30px|30px|30px|30px|true|true&#8221; module_class=&#8221;scg-essential-panel&#8221; background_color=&#8221;#fff8d8&#8243; custom_padding_phone=&#8221;22px|18px|22px|18px|true|true&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; border_radii=&#8221;on|16px|16px|16px|16px&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#e5d89e&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>Spr\u00f3buj: oblicz strat\u0119 przed kosztami<\/h2>\n<p>Fikcyjna liniowa pozycja d\u0142uga to 0,2 BTC po 50 000 USDT z depozytem pocz\u0105tkowym 2 000 USDT. Zamyka si\u0119 po 48 500 USDT bez wcze\u015bniejszej likwidacji. Ile wynosz\u0105 pocz\u0105tkowy nomina\u0142, strata brutto i strata jako procent depozytu pocz\u0105tkowego?<\/p>\n<details>\n<summary>Poka\u017c wyja\u015bnienie<\/summary>\n<p>Pocz\u0105tkowy nomina\u0142 to 0,2 \u00d7 50 000 = 10 000 USDT, czyli 5\u00d7 depozyt pocz\u0105tkowy. Strata brutto to 0,2 \u00d7 (48 500 \u2212 50 000) = \u2212300 USDT. To 15% z 2 000 USDT, mimo \u017ce cena bazowa spad\u0142a o 3%. Dolicz prowizje wykonania oraz netto zap\u0142acony lub otrzymany funding, aby uzyska\u0107 rzeczywisty wynik. \u0106wiczenie nie wyznacza ceny likwidacji ani nie sugeruje, \u017ce pozycja na ka\u017cdej platformie musia\u0142aby przetrwa\u0107 taki ruch.<\/p>\n<\/details>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;next-steps&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>Zrozum mechanik\u0119 przed wyborem produktu<\/h2>\n<div class=\"scg-essential-actions\"><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/pl\/understanding-positive-and-negative-funding-in-crypto-markets\/\">Oblicz dodatni i ujemny funding<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/pl\/wyjasnienie-typow-zlecen-gieldowych\/\">Poznaj typy zlece\u0144 i wyzwalacze<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/pl\/crypto-readiness-quiz\/\">Sprawd\u017a przygotowanie do kryptowalut<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/pl\/jak-kupic-kryptowaluty\/\">Przejrzyj poradniki zakup\u00f3w spot<span aria-hidden=\"true\">\u2192<\/span><\/a><\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;sources&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>\u0179r\u00f3d\u0142a i dalsza lektura<\/h2>\n<ul class=\"scg-essential-sources\">\n<li><a href=\"https:\/\/www.bybit.com\/en\/help-center\/article\/FAQ-USDT-Perpetual-and-Expiry-Contracts\" target=\"_blank\" rel=\"noopener\">Bybit \u2014 USDT perpetual contract specifications<\/a><\/li>\n<li><a href=\"https:\/\/www.bybit.com\/en\/help-center\/article\/Mark-Price-Calculation-Perpetual-Expiry-Contracts\" target=\"_blank\" rel=\"noopener\">Bybit \u2014 mark price<\/a><\/li>\n<li><a href=\"https:\/\/www.bybit.com\/en\/help-center\/article\/Funding-fee-calculation\" target=\"_blank\" rel=\"noopener\">Bybit \u2014 funding fee calculation<\/a><\/li>\n<li><a href=\"https:\/\/www.bybit.com\/en\/help-center\/article\/UTA-Trading-Rules-Liquidation-Process\" target=\"_blank\" rel=\"noopener\">Bybit \u2014 liquidation process<\/a><\/li>\n<li><a href=\"https:\/\/www.cftc.gov\/LearnAndProtect\/AdvisoriesAndArticles\/understand_risks_of_virtual_currency.html\" target=\"_blank\" rel=\"noopener\">CFTC \u2014 risks of virtual currency trading<\/a><\/li>\n<\/ul>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; 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oblicze\u0144 depozytu i ekspozycji, kontroli likwidacji oraz praktycznego \u0107wiczenia 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