{"id":16258,"date":"2026-10-14T09:50:51","date_gmt":"2026-10-14T09:50:51","guid":{"rendered":"https:\/\/backcom.io\/?p=16258"},"modified":"2026-10-14T16:03:07","modified_gmt":"2026-10-14T16:03:07","slug":"cach-tinh-gia-thanh-ly-futures","status":"publish","type":"post","link":"https:\/\/backcom.io\/vi\/cach-tinh-gia-thanh-ly-futures","title":{"rendered":"C\u00e1ch T\u00ednh Gi\u00e1 Thanh L\u00fd Futures: C\u00f4ng Th\u1ee9c, V\u00ed D\u1ee5 V\u00e0 C\u00e1ch Tr\u00e1nh B\u1ecb Thanh L\u00fd"},"content":{"rendered":"\n\n
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Nhi\u1ec1u trader m\u1edf l\u1ec7nh futures ch\u1ec9 nh\u00ecn \u0111\u00f2n b\u1ea9y v\u00e0 m\u1ee9c l\u00e3i k\u1ef3 v\u1ecdng. Th\u1ef1c ra, c\u00e1ch t\u00ednh gi\u00e1 thanh l\u00fd<\/strong> c\u00f3 th\u1ec3 b\u1eaft \u0111\u1ea7u t\u1eeb ba d\u1eef li\u1ec7u: gi\u00e1 v\u00e0o l\u1ec7nh, \u0111\u00f2n b\u1ea9y v\u00e0 t\u1ef7 l\u1ec7 k\u00fd qu\u1ef9 duy tr\u00ec<\/strong>.<\/p>\n\n\n\n

Hi\u1ec3u gi\u00e1 thanh l\u00fd l\u00e0 g\u00ec<\/strong> c\u0169ng \u0111\u00f2i h\u1ecfi ph\u00e2n bi\u1ec7t gi\u00e1 \u0111\u00e1nh d\u1ea5u<\/strong> v\u1edbi gi\u00e1 kh\u1edbp g\u1ea7n nh\u1ea5t, v\u00ec hai m\u1ee9c gi\u00e1 n\u00e0y c\u00f3 th\u1ec3 kh\u00e1c nhau khi th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh. Trong b\u00e0i vi\u1ebft n\u00e0y, Backcom.io s\u1ebd tr\u00ecnh b\u00e0y c\u00f4ng th\u1ee9c t\u00ednh gi\u00e1 thanh l\u00fd<\/strong> cho l\u1ec7nh long v\u00e0 short, ba v\u00ed d\u1ee5 BTC \u1edf m\u1ee9c 5x, 10x, 20x, c\u00f9ng l\u00fd do k\u1ebft qu\u1ea3 t\u00ednh tay c\u00f3 th\u1ec3 l\u1ec7ch s\u1ed1 s\u00e0n hi\u1ec3n th\u1ecb.<\/p>\n\n\n\n

Gi\u00e1 Thanh L\u00fd L\u00e0 G\u00ec V\u00e0 Kh\u00e1c Gi\u00e1 \u0110\u00e1nh D\u1ea5u Th\u1ebf N\u00e0o?<\/h2>\n\n\n\n
\"Gi\u00e1
Gi\u00e1 Thanh L\u00fd L\u00e0 G\u00ec V\u00e0 Kh\u00e1c Gi\u00e1 \u0110\u00e1nh D\u1ea5u Th\u1ebf N\u00e0o?<\/figcaption><\/figure>\n\n\n\n

Gi\u00e1 thanh l\u00fd<\/strong> l\u00e0 m\u1ee9c gi\u00e1 m\u00e0 khi gi\u00e1 \u0111\u00e1nh d\u1ea5u ch\u1ea1m t\u1edbi, h\u1ec7 th\u1ed1ng qu\u1ea3n l\u00fd r\u1ee7i ro c\u1ee7a s\u00e0n c\u00f3 th\u1ec3 \u0111\u00f3ng c\u01b0\u1ee1ng b\u1ee9c m\u1ed9t ph\u1ea7n ho\u1eb7c to\u00e0n b\u1ed9 v\u1ecb th\u1ebf futures. Vi\u1ec7c n\u00e0y x\u1ea3y ra khi ph\u1ea7n k\u00fd qu\u1ef9 c\u00f2n l\u1ea1i kh\u00f4ng \u0111\u00e1p \u1ee9ng y\u00eau c\u1ea7u k\u00fd qu\u1ef9 duy tr\u00ec.<\/p>\n\n\n\n

N\u1ebfu \u0111ang t\u00ecm hi\u1ec3u gi\u00e1 thanh l\u00fd l\u00e0 g\u00ec<\/strong>, trader c\u1ea7n nh\u1edb r\u1eb1ng thanh l\u00fd th\u01b0\u1eddng x\u1ea3y ra tr\u01b0\u1edbc<\/em> khi k\u00fd qu\u1ef9 v\u1ec1 0. M\u1ee9c khi\u1ebfn k\u00fd qu\u1ef9 c\u1ea1n h\u1ebft \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 gi\u00e1 ph\u00e1 s\u1ea3n.<\/p>\n\n\n\n

V\u1edbi k\u00fd qu\u1ef9 c\u00f4 l\u1eadp, kho\u1ea3n l\u1ed7 khi b\u1ecb thanh l\u00fd th\u01b0\u1eddng \u0111\u00e3 \u0103n g\u1ea7n h\u1ebft s\u1ed1 ti\u1ec1n d\u00e0nh cho v\u1ecb th\u1ebf, d\u00f9 gi\u00e1 th\u1ecb tr\u01b0\u1eddng ch\u1ec9 \u0111i ng\u01b0\u1ee3c v\u00e0i ph\u1ea7n tr\u0103m. \u0110\u00e2y l\u00e0 kh\u00e1c bi\u1ec7t quan tr\u1ecdng khi c\u00e2n nh\u1eafc futures hay spot<\/a>: giao d\u1ecbch spot th\u00f4ng th\u01b0\u1eddng kh\u00f4ng c\u00f3 c\u01a1 ch\u1ebf thanh l\u00fd do \u0111\u00f2n b\u1ea9y. C\u01a1 ch\u1ebf n\u00e0y c\u0169ng li\u00ean quan \u0111\u1ebfn margin (k\u00fd qu\u1ef9)<\/a>, nh\u01b0ng ng\u01b0\u1ee1ng x\u1eed l\u00fd ph\u1ee5 thu\u1ed9c t\u1eebng s\u1ea3n ph\u1ea9m.<\/p>\n\n\n\n

Gi\u00e1 \u0110\u00e1nh D\u1ea5u V\u00e0 Gi\u00e1 Kh\u1edbp G\u1ea7n Nh\u1ea5t<\/h3>\n\n\n\n

Gi\u00e1 \u0111\u00e1nh d\u1ea5u<\/strong> (mark price) l\u00e0 m\u1ee9c gi\u00e1 tham chi\u1ebfu d\u00f9ng \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 l\u00e3i l\u1ed7 ch\u01b0a th\u1ef1c hi\u1ec7n v\u00e0 r\u1ee7i ro thanh l\u00fd. N\u00f3 \u0111\u01b0\u1ee3c x\u00e2y d\u1ef1ng t\u1eeb gi\u00e1 ch\u1ec9 s\u1ed1 c\u1ee7a th\u1ecb tr\u01b0\u1eddng spot c\u00f9ng c\u01a1 ch\u1ebf \u0111i\u1ec1u ch\u1ec9nh c\u1ee7a s\u00e0n. Gi\u00e1 kh\u1edbp g\u1ea7n nh\u1ea5t (last price) ch\u1ec9 l\u00e0 m\u1ee9c gi\u00e1 c\u1ee7a giao d\u1ecbch v\u1eeba di\u1ec5n ra tr\u00ean th\u1ecb tr\u01b0\u1eddng h\u1ee3p \u0111\u1ed3ng.<\/p>\n\n\n\n

Binance v\u00e0 OKX \u0111\u1ec1u d\u00f9ng gi\u00e1 \u0111\u00e1nh d\u1ea5u \u0111\u1ec3 x\u00e9t thanh l\u00fd. V\u00ec v\u1eady, m\u1ed9t r\u00e2u n\u1ebfn tr\u00ean bi\u1ec3u \u0111\u1ed3 gi\u00e1 kh\u1edbp g\u1ea7n nh\u1ea5t ch\u1ea1m m\u1ee9c thanh l\u00fd ch\u01b0a \u0111\u1ee7 k\u1ebft lu\u1eadn v\u1ecb th\u1ebf \u0111\u00e3 b\u1ecb \u0111\u00f3ng.<\/p>\n\n\n\n

C\u00f4ng Th\u1ee9c T\u00ednh Gi\u00e1 Thanh L\u00fd L\u1ec7nh Long V\u00e0 Short \u1ede K\u00fd Qu\u1ef9 C\u00f4 L\u1eadp<\/h2>\n\n\n\n

V\u1edbi k\u00fd qu\u1ef9 c\u00f4 l\u1eadp, ti\u1ec1n k\u00fd qu\u1ef9 ban \u0111\u1ea7u b\u1eb1ng gi\u00e1 tr\u1ecb v\u1ecb th\u1ebf chia cho \u0111\u00f2n b\u1ea9y.<\/p>\n\n\n\n

\u0110\u1ec3 t\u1ef1 \u01b0\u1edbc l\u01b0\u1ee3ng tr\u01b0\u1edbc khi m\u1edf l\u1ec7nh, c\u00f4ng th\u1ee9c t\u00ednh gi\u00e1 thanh l\u00fd<\/strong> g\u1ea7n \u0111\u00fang cho h\u1ee3p \u0111\u1ed3ng USDT-M l\u00e0:<\/p>\n\n\n\n

Gi\u00e1 thanh l\u00fd l\u1ec7nh long \u2248 Gi\u00e1 v\u00e0o \u00d7 (1 \u2212 1 \u00f7 \u0110\u00f2n b\u1ea9y + T\u1ef7 l\u1ec7 k\u00fd qu\u1ef9 duy tr\u00ec)<\/strong><\/p>\n\n\n\n

Gi\u00e1 thanh l\u00fd l\u1ec7nh short \u2248 Gi\u00e1 v\u00e0o \u00d7 (1 + 1 \u00f7 \u0110\u00f2n b\u1ea9y \u2212 T\u1ef7 l\u1ec7 k\u00fd qu\u1ef9 duy tr\u00ec)<\/strong><\/p>\n\n\n\n

Hai c\u00f4ng th\u1ee9c tr\u00ean d\u1ef1a v\u00e0o c\u00e1c gi\u1ea3 \u0111\u1ecbnh:<\/p>\n\n\n\n