{"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\/pt\/what-are-perpetual-contracts-perps\/","title":{"rendered":"Contratos perp\u00e9tuos: calcule a exposi\u00e7\u00e3o antes da alavancagem"},"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>Contratos perp\u00e9tuos: calcule a exposi\u00e7\u00e3o antes da alavancagem<\/h1>\n<p>Um contrato perp\u00e9tuo \u00e9 um derivativo que acompanha um ativo subjacente sem vencimento programado. Uma posi\u00e7\u00e3o comprada ganha com alta e uma vendida com queda, antes dos custos. Manter um perp\u00e9tuo de BTC n\u00e3o equivale a comprar bitcoin que possa ser sacado. Margem, financiamento e regras de liquida\u00e7\u00e3o determinam se a posi\u00e7\u00e3o continua aberta. Aus\u00eancia de vencimento n\u00e3o significa prazo de manuten\u00e7\u00e3o ilimitado.<\/p>\n<p class=\"scg-essential-task\">Sua tarefa: interpretar uma posi\u00e7\u00e3o perp\u00e9tua linear, calcular exposi\u00e7\u00e3o nocional e resultado bruto e identificar custos e regras de liquida\u00e7\u00e3o ausentes no c\u00e1lculo.<\/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;Uma alavanca com duas moedas acima de um alerta ilustra a exposi\u00e7\u00e3o ampliada dos contratos alavancados&#8221; title_text=&#8221;Uma alavanca com duas moedas acima de um alerta ilustra a exposi\u00e7\u00e3o ampliada dos contratos alavancados&#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>Separe tr\u00eas valores<\/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>Exposi\u00e7\u00e3o nocional<\/h3>\n<p>O nocional \u00e9 o valor da posi\u00e7\u00e3o, n\u00e3o o dinheiro depositado como garantia. Em um contrato linear simples, quantidade vezes pre\u00e7o fornece a exposi\u00e7\u00e3o na moeda de cota\u00e7\u00e3o. Uma posi\u00e7\u00e3o de 0,1 BTC a 50.000 USDT tem exposi\u00e7\u00e3o de 5.000 USDT. Multiplicadores e unidades variam: consulte as especifica\u00e7\u00f5es em vez de presumir que toda quantidade exibida \u00e9 um n\u00famero de moedas.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>Margem inicial e de manuten\u00e7\u00e3o<\/h3>\n<p>A margem inicial permite abrir a posi\u00e7\u00e3o. Sem taxas e ajustes da plataforma, uma exposi\u00e7\u00e3o de 5.000 USDT a 5\u00d7 exige 1.000 USDT de margem inicial. A margem de manuten\u00e7\u00e3o \u00e9 o m\u00ednimo necess\u00e1rio para mant\u00ea-la aberta e \u00e9 outro valor. Faixas de risco, taxas, regras de garantia e outras posi\u00e7\u00f5es podem alterar as exig\u00eancias reais. O c\u00e1lculo simplificado n\u00e3o \u00e9 uma f\u00f3rmula de pre\u00e7o de liquida\u00e7\u00e3o.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>Pre\u00e7o do contrato e pre\u00e7o de marca\u00e7\u00e3o<\/h3>\n<p>O \u00faltimo pre\u00e7o negociado vem das execu\u00e7\u00f5es recentes. Um \u00edndice referencia pre\u00e7os do mercado subjacente, enquanto o pre\u00e7o de marca\u00e7\u00e3o \u00e9 uma refer\u00eancia da plataforma usada no risco. Muitas plataformas o usam na liquida\u00e7\u00e3o; portanto, um gr\u00e1fico do \u00faltimo pre\u00e7o n\u00e3o explica todos os eventos. Leia as regras do contrato e do modo de margem. Em margem cruzada, o pre\u00e7o de liquida\u00e7\u00e3o exibido pode ser apenas estimativa.<\/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>Examine uma posi\u00e7\u00e3o sem negociar<\/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>Leia a especifica\u00e7\u00e3o do produto<\/h3>\n<p>Identifique se o contrato \u00e9 linear ou inverso, sua moeda de liquida\u00e7\u00e3o, unidade de quantidade e ordem m\u00ednima. A matem\u00e1tica desta li\u00e7\u00e3o vale para contrato USDT linear simples. Contratos inversos t\u00eam outras f\u00f3rmulas e exposi\u00e7\u00e3o de garantia. Stablecoins como garantia tamb\u00e9m envolvem riscos de emissor e pre\u00e7o. Verifique a disponibilidade para sua localiza\u00e7\u00e3o e conta antes de considerar uso real.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>Identifique a garantia em risco<\/h3>\n<p>Na margem isolada, a posi\u00e7\u00e3o recebe garantia espec\u00edfica. Na cruzada, garantias eleg\u00edveis da conta podem apoiar v\u00e1rias posi\u00e7\u00f5es e as perdas afetar mais que o valor inicialmente associado a uma opera\u00e7\u00e3o. Confira a reposi\u00e7\u00e3o autom\u00e1tica de margem: ela pode acrescentar fundos a uma posi\u00e7\u00e3o isolada. Leia exig\u00eancia de manuten\u00e7\u00e3o, medida de risco da conta e mecanismo de liquida\u00e7\u00e3o, sem estim\u00e1-la como exatamente um dividido pela alavancagem.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>Revise custos e sa\u00edda<\/h3>\n<p>O financiamento pode ser pago ou recebido enquanto o perp\u00e9tuo fica aberto; taxa e intervalo podem mudar. As taxas de negocia\u00e7\u00e3o se aplicam \u00e0s execu\u00e7\u00f5es, normalmente sobre o nocional, n\u00e3o a margem inicial. Confira spread, slippage, refer\u00eancia de pre\u00e7o do gatilho e se a ordem de fechamento reduz a posi\u00e7\u00e3o em vez de abrir outra. Um stop n\u00e3o garante pre\u00e7o de execu\u00e7\u00e3o; falhas da plataforma ou movimentos r\u00e1pidos podem impedir a sa\u00edda planejada. Use demonstra\u00e7\u00e3o ou c\u00e1lculo em papel no exerc\u00edcio.<\/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>Exemplo: mesmo movimento, impacto diferente na margem<\/h2>\n<div class=\"scg-essential-equation\"><span>1,000 USDT \u00d7 5<\/span><span>=<\/span><strong>5,000 USDT<\/strong><\/div>\n<p>Considere uma posi\u00e7\u00e3o comprada linear fict\u00edcia de 0,1 BTC aberta a 50.000 USDT: nocional de 5.000 USDT. Com 1.000 USDT de margem inicial, a exposi\u00e7\u00e3o \u00e9 5\u00d7. Se a sa\u00edda executar a 49.000, o resultado bruto ser\u00e1 0,1 \u00d7 (49.000 \u2212 50.000) = \u2212100 USDT. O pre\u00e7o caiu 2%, mas a perda bruta representa 10% da margem inicial. Uma vendida do mesmo tamanho teria +100 USDT brutos nesse movimento. Taxas, financiamento e slippage ainda precisam entrar. Os n\u00fameros sup\u00f5em que a posi\u00e7\u00e3o sobrevive at\u00e9 o fechamento e n\u00e3o preveem o limite de liquida\u00e7\u00e3o.<\/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>Erros que escondem o risco real<\/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>Multiplicar o lucro pela alavancagem novamente<\/h3>\n<p>Com quantidade fixa e o mesmo movimento entre entrada e sa\u00edda, o resultado bruto linear n\u00e3o aumenta simplesmente por mudar a configura\u00e7\u00e3o da alavancagem. Ela altera principalmente a margem inicial exigida e o retorno exibido sobre essa margem. Aumentar a quantidade efetiva eleva a exposi\u00e7\u00e3o. N\u00e3o calcule lucro pela quantidade para depois multiplic\u00e1-lo pela alavancagem outra vez.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>Tratar margem isolada como garantia absoluta da conta<\/h3>\n<p>A margem alocada pode crescer com adi\u00e7\u00f5es manuais ou reposi\u00e7\u00f5es autom\u00e1ticas. Perdas em margem cruzada podem consumir garantias eleg\u00edveis compartilhadas. Taxas, regras e organiza\u00e7\u00e3o da conta tamb\u00e9m importam. N\u00e3o suponha que a margem inicial seja sempre a perda m\u00e1xima ou que o stop execute antes da liquida\u00e7\u00e3o. Confirme quais ativos e configura\u00e7\u00f5es sustentam a posi\u00e7\u00e3o.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>Confundir receita de financiamento com prote\u00e7\u00e3o gratuita<\/h3>\n<p>Um pagamento de financiamento pode ser superado por movimento adverso, custos de negocia\u00e7\u00e3o ou mudan\u00e7a da taxa. Uma prote\u00e7\u00e3o spot mais perp\u00e9tuo mant\u00e9m riscos de execu\u00e7\u00e3o, base, garantia e plataforma. A perna derivativa pode ser liquidada mesmo se a combina\u00e7\u00e3o parecer equilibrada. Perp\u00e9tuos n\u00e3o s\u00e3o produtos de poupan\u00e7a; a moeda subjacente n\u00e3o pode ser sacada da posi\u00e7\u00e3o derivativa como se fosse saldo 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>Exerc\u00edcio: calcule a perda antes dos custos<\/h2>\n<p>Uma posi\u00e7\u00e3o comprada linear fict\u00edcia \u00e9 0,2 BTC a 50.000 USDT, apoiada por 2.000 USDT de margem inicial. Ela fecha a 48.500 USDT sem liquida\u00e7\u00e3o anterior. Quais s\u00e3o o nocional inicial, a perda bruta e seu percentual da margem inicial?<\/p>\n<details>\n<summary>Mostrar a explica\u00e7\u00e3o<\/summary>\n<p>O nocional inicial \u00e9 0,2 \u00d7 50.000 = 10.000 USDT, ou 5\u00d7 a margem inicial. A perda bruta \u00e9 0,2 \u00d7 (48.500 \u2212 50.000) = \u2212300 USDT: 15% de 2.000 USDT, embora o pre\u00e7o subjacente tenha ca\u00eddo 3%. Inclua taxas de execu\u00e7\u00e3o e financiamento l\u00edquido pago ou recebido para obter o resultado real. O exerc\u00edcio n\u00e3o determina pre\u00e7o de liquida\u00e7\u00e3o nem implica que a posi\u00e7\u00e3o necessariamente sobreviveria ao movimento em qualquer plataforma.<\/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>Entenda a mec\u00e2nica antes de escolher o produto<\/h2>\n<div class=\"scg-essential-actions\"><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/pt\/compreensao-positivo-e-negativo-financiamento-em-cripto-mercados\/\">Calcule financiamento positivo e negativo<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/pt\/tipos-de-ordem-de-troca\/\">Entenda ordens e gatilhos<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/pt\/crypto-readiness-quiz\/\">Teste sua prepara\u00e7\u00e3o para cripto<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/pt\/como-comprar-moedas-criptograficas\/\">Explore guias de compra \u00e0 vista<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>Fontes e leituras adicionais<\/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; type=&#8221;4_4&#8243;][et_pb_code _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<style>body #page-container .scg-template-reading-column .scg-essential-lesson .et_pb_row.scg-essential-panel{padding:30px!important}@media(max-width:600px){body #page-container .scg-template-reading-column .scg-essential-lesson .et_pb_row.scg-essential-panel{padding:22px 18px!important}}body #page-container .scg-template-reading-column .scg-essential-lesson .et_pb_text a.scg-essential-button:hover,body #page-container .scg-template-reading-column .scg-essential-lesson .et_pb_text a.scg-essential-button:focus-visible{background:#10202b!important;color:#ffda26!important}.scg-essential-lesson h1{margin-bottom:20px!important;line-height:1.16!important}.scg-essential-lesson h2{line-height:1.25!important;margin-bottom:24px}.scg-essential-lesson 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c\u00e1lculos de margem e exposi\u00e7\u00e3o, verifica\u00e7\u00f5es de liquida\u00e7\u00e3o e exerc\u00edcio pr\u00e1tico de lucro e preju\u00edzo.<\/p>\n","protected":false},"author":1,"featured_media":12067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[99],"tags":[],"class_list":["post-12066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advanced"],"_links":{"self":[{"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/posts\/12066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/comments?post=12066"}],"version-history":[{"count":1,"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/posts\/12066\/revisions"}],"predecessor-version":[{"id":18799,"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/posts\/12066\/revisions\/18799"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/media\/12067"}],"wp:attachment":[{"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/media?parent=12066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/categories?post=12066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/simplecryptoguide.com\/pt\/wp-json\/wp\/v2\/tags?post=12066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}