{"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\/ro\/what-are-perpetual-contracts-perps\/","title":{"rendered":"Contracte perpetue: calculeaz\u0103 expunerea \u00eenaintea levierului"},"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>Contracte perpetue: calculeaz\u0103 expunerea \u00eenaintea levierului<\/h1>\n<p>Un contract perpetuu este un derivat care urm\u0103re\u0219te un activ suport f\u0103r\u0103 scaden\u021b\u0103 programat\u0103. O pozi\u021bie long c\u00e2\u0219tig\u0103 din cre\u0219terea pre\u021bului, iar una short din sc\u0103dere, \u00eenaintea costurilor. De\u021binerea unui perpetuu BTC nu \u00eenseamn\u0103 cump\u0103rarea de bitcoin care poate fi retras. Marja, finan\u021barea \u0219i regulile de lichidare determin\u0103 dac\u0103 pozi\u021bia r\u0103m\u00e2ne deschis\u0103. Lipsa scaden\u021bei nu \u00eenseamn\u0103 durat\u0103 nelimitat\u0103.<\/p>\n<p class=\"scg-essential-task\">Sarcina ta: cite\u0219te o pozi\u021bie perpetu\u0103 liniar\u0103, calculeaz\u0103 expunerea no\u021bional\u0103 \u0219i rezultatul brut, apoi identific\u0103 taxele \u0219i regulile de lichidare omise.<\/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;O p\u00e2rghie cu dou\u0103 monede deasupra unui avertisment ilustreaz\u0103 expunerea amplificat\u0103 a contractelor cu levier&#8221; title_text=&#8221;O p\u00e2rghie cu dou\u0103 monede deasupra unui avertisment ilustreaz\u0103 expunerea amplificat\u0103 a contractelor cu levier&#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>Separ\u0103 trei sume<\/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>Expunerea no\u021bional\u0103<\/h3>\n<p>No\u021bionalul este valoarea pozi\u021biei, nu numerarul depus drept garan\u021bie. La un contract liniar simplu, cantitatea \u00eenmul\u021bit\u0103 cu pre\u021bul d\u0103 expunerea \u00een moneda de cota\u021bie. O pozi\u021bie de 0,1 BTC la 50.000 USDT are expunere de 5.000 USDT. Multiplicatorii \u0219i unit\u0103\u021bile difer\u0103: verific\u0103 specifica\u021biile, nu presupune c\u0103 orice cantitate afi\u0219at\u0103 este un num\u0103r de monede.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>Marja ini\u021bial\u0103 \u0219i de men\u021binere<\/h3>\n<p>Marja ini\u021bial\u0103 sus\u021bine deschiderea. F\u0103r\u0103 taxe \u0219i ajust\u0103ri ale platformei, expunerea de 5.000 USDT cu levier 5\u00d7 necesit\u0103 1.000 USDT marj\u0103 ini\u021bial\u0103. Marja de men\u021binere este minimul pentru p\u0103strarea pozi\u021biei deschise, nu aceea\u0219i sum\u0103. Nivelurile de risc, taxele, regulile de garan\u021bie \u0219i alte pozi\u021bii pot modifica cerin\u021bele. Calculul simplificat nu este o formul\u0103 pentru pre\u021bul de lichidare.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>Pre\u021bul contractului \u0219i pre\u021bul de marcare<\/h3>\n<p>Ultimul pre\u021b tranzac\u021bionat provine din execu\u021bii recente. Un indice reflect\u0103 pre\u021burile pie\u021bei suport, iar pre\u021bul de marcare este referin\u021ba platformei pentru risc. Multe platforme \u00eel folosesc la lichidare, astfel \u00eenc\u00e2t un grafic al ultimului pre\u021b nu explic\u0103 orice eveniment. Cite\u0219te regulile contractului \u0219i modului de marj\u0103. \u00cen marja \u00eencruci\u0219at\u0103, pre\u021bul de lichidare afi\u0219at poate fi doar estimativ.<\/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>Examineaz\u0103 o pozi\u021bie f\u0103r\u0103 s\u0103 tranzac\u021bionezi<\/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>Cite\u0219te specifica\u021biile produsului<\/h3>\n<p>Identific\u0103 dac\u0103 este liniar sau invers, moneda de decontare, unitatea cantit\u0103\u021bii \u0219i ordinul minim. Calculele lec\u021biei se aplic\u0103 unui contract liniar USDT simplu. Contractele inverse au alte formule \u0219i alt\u0103 expunere a garan\u021biei. Stablecoinurile depuse drept garan\u021bie au \u0219i riscuri de emitent \u0219i pre\u021b. Verific\u0103 disponibilitatea pentru \u021bara \u0219i contul t\u0103u \u00eenainte de utilizarea real\u0103.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>Identific\u0103 garan\u021bia expus\u0103<\/h3>\n<p>\u00cen marja izolat\u0103, pozi\u021bia are garan\u021bie alocat\u0103. \u00cen marja \u00eencruci\u0219at\u0103, garan\u021biile eligibile ale contului pot sus\u021bine mai multe pozi\u021bii, iar pierderile pot afecta mai mult dec\u00e2t suma asociat\u0103 ini\u021bial unei tranzac\u021bii. Verific\u0103 suplimentarea automat\u0103 a marjei: poate ad\u0103uga fonduri unei pozi\u021bii izolate. Cite\u0219te cerin\u021ba de men\u021binere, indicatorul de risc al contului \u0219i mecanismul de lichidare, f\u0103r\u0103 s\u0103 estimezi lichidarea exact ca unu \u00eemp\u0103r\u021bit la levier.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>Verific\u0103 taxele \u0219i ie\u0219irea<\/h3>\n<p>Finan\u021barea poate fi pl\u0103tit\u0103 sau primit\u0103 c\u00e2t timp perpetuul este deschis; rata \u0219i intervalul se pot schimba. Comisioanele se aplic\u0103 execu\u021biilor, de obicei la no\u021bional, nu la marja ini\u021bial\u0103. Verific\u0103 spreadul, derapajul, referin\u021ba declan\u0219atorului \u0219i dac\u0103 ordinul de \u00eenchidere reduce pozi\u021bia \u00een loc s\u0103 deschid\u0103 alta. Un stop nu garanteaz\u0103 pre\u021bul de execu\u021bie; \u00eentreruperile sau mi\u0219c\u0103rile rapide pot \u00eempiedica ie\u0219irea dorit\u0103. Folose\u0219te demo sau calcul pe h\u00e2rtie la exerci\u021biu.<\/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>Exemplu: aceea\u0219i mi\u0219care, alt impact asupra marjei<\/h2>\n<div class=\"scg-essential-equation\"><span>1,000 USDT \u00d7 5<\/span><span>=<\/span><strong>5,000 USDT<\/strong><\/div>\n<p>Presupunem un long liniar fictiv de 0,1 BTC deschis la 50.000 USDT: no\u021bional 5.000 USDT. Cu 1.000 USDT marj\u0103 ini\u021bial\u0103, expunerea este 5\u00d7. Dac\u0103 ie\u0219irea execut\u0103 la 49.000, rezultatul brut este 0,1 \u00d7 (49.000 \u2212 50.000) = \u2212100 USDT. Pre\u021bul a sc\u0103zut 2%, dar pierderea brut\u0103 este 10% din marja ini\u021bial\u0103. Un short de aceea\u0219i m\u0103rime ar avea +100 USDT brut. Taxele, finan\u021barea \u0219i derapajul trebuie \u00eenc\u0103 incluse. Cifrele presupun c\u0103 pozi\u021bia supravie\u021buie\u0219te p\u00e2n\u0103 la ie\u0219ire \u0219i nu prezic pragul de lichidare.<\/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>Gre\u0219eli care ascund riscul 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>S\u0103 \u00eenmul\u021be\u0219ti din nou profitul cu levierul<\/h3>\n<p>La cantitate fix\u0103 \u0219i aceea\u0219i mi\u0219care \u00eentre intrare \u0219i ie\u0219ire, rezultatul brut liniar nu cre\u0219te doar pentru c\u0103 modifici setarea levierului. Aceasta schimb\u0103 \u00een principal marja ini\u021bial\u0103 necesar\u0103 \u0219i randamentul afi\u0219at pe acea marj\u0103. Cre\u0219terea cantit\u0103\u021bii efective m\u0103re\u0219te expunerea. Nu calcula profitul din cantitate \u0219i apoi \u00eel \u00eenmul\u021bi \u00eenc\u0103 o dat\u0103 cu levierul.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>S\u0103 consideri marja izolat\u0103 garan\u021bie absolut\u0103 a contului<\/h3>\n<p>Marja alocat\u0103 poate cre\u0219te prin ad\u0103ug\u0103ri manuale sau automate. Pierderile \u00een marj\u0103 \u00eencruci\u0219at\u0103 pot consuma garan\u021biile eligibile comune. Conteaz\u0103 \u0219i taxele, regulile \u0219i structura contului. Nu presupune c\u0103 marja ini\u021bial\u0103 este mereu pierderea maxim\u0103 sau c\u0103 stopul execut\u0103 \u00eenainte de lichidare. Confirm\u0103 ce active \u0219i set\u0103ri sus\u021bin pozi\u021bia.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>S\u0103 confunzi venitul din finan\u021bare cu o acoperire gratuit\u0103<\/h3>\n<p>O plat\u0103 de finan\u021bare poate fi dep\u0103\u0219it\u0103 de mi\u0219carea nefavorabil\u0103, costuri sau schimbarea ratei. Acoperirea spot plus perpetuu p\u0103streaz\u0103 riscuri de execu\u021bie, baz\u0103, garan\u021bie \u0219i platform\u0103. Componenta derivat\u0103 poate fi lichidat\u0103 chiar dac\u0103 ansamblul pare echilibrat. Perpetuele nu sunt produse de economisire, iar moneda suport nu poate fi retras\u0103 din pozi\u021bia derivat\u0103 ca dintr-un sold 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>Exerci\u021biu: calculeaz\u0103 pierderea \u00eenaintea costurilor<\/h2>\n<p>Un long liniar fictiv este 0,2 BTC la 50.000 USDT, sus\u021binut de 2.000 USDT marj\u0103 ini\u021bial\u0103. Se \u00eenchide la 48.500 USDT f\u0103r\u0103 lichidare anterioar\u0103. Care sunt no\u021bionalul ini\u021bial, pierderea brut\u0103 \u0219i procentul ei din marja ini\u021bial\u0103?<\/p>\n<details>\n<summary>Vezi explica\u021bia<\/summary>\n<p>No\u021bionalul ini\u021bial este 0,2 \u00d7 50.000 = 10.000 USDT, adic\u0103 5\u00d7 marja ini\u021bial\u0103. Pierderea brut\u0103 este 0,2 \u00d7 (48.500 \u2212 50.000) = \u2212300 USDT: 15% din 2.000 USDT, de\u0219i activul suport a sc\u0103zut 3%. Include taxele de execu\u021bie \u0219i finan\u021barea net\u0103 pl\u0103tit\u0103 sau primit\u0103 pentru rezultatul real. Exerci\u021biul nu stabile\u0219te pre\u021bul de lichidare \u0219i nu implic\u0103 faptul c\u0103 pozi\u021bia ar supravie\u021bui neap\u0103rat mi\u0219c\u0103rii pe orice platform\u0103.<\/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>\u00cen\u021belege mecanica \u00eenainte s\u0103 alegi produsul<\/h2>\n<div class=\"scg-essential-actions\"><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/ro\/intelegerea-finantarii-pozitive-si-negative-pe-pietele-criptografice\/\">Calculeaz\u0103 finan\u021barea pozitiv\u0103 \u0219i negativ\u0103<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/ro\/tipuri-de-ordine-de-schimb-explicate\/\">\u00cen\u021belege tipurile de ordine \u0219i declan\u0219atoarele<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/ro\/crypto-readiness-quiz\/\">Verific\u0103 preg\u0103tirea ta pentru cripto<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/ro\/cum-sa-cumparati-criptomonede\/\">Exploreaz\u0103 ghiduri de cump\u0103rare 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>Surse \u0219i lecturi suplimentare<\/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 h3{font-size:21px!important;line-height:1.35!important;margin-bottom:12px}.scg-essential-lesson p+p{margin-top:16px}.scg-essential-grid{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));gap:20px}.scg-essential-card{min-width:0;padding:24px;border:1px solid #cbd5dc;border-radius:14px;background:#fff}.scg-essential-flow .scg-essential-card{border:2px solid #10202b;box-shadow:4px 4px 0 #ffda26}.scg-essential-number{display:inline-flex;align-items:center;justify-content:center;width:38px;height:38px;margin-bottom:18px;border:1px solid #10202b;border-radius:8px;background:#ffda26;color:#10202b;font-weight:800}.scg-essential-lesson .scg-essential-task{border-left:4px solid #ffda26;padding:12px 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liniar\u0103, calcule de marj\u0103 \u0219i expunere, verific\u0103ri de lichidare \u0219i un exerci\u021biu practic de 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