Tell me how small exchanges fight against contract users! Most small exchanges need to mirror the trading volume of large exchanges, usually choosing Binance and OK. The logic of mirroring is that small exchanges have no liquidity and need to trade to bridge the liquidity of large exchanges. Both spot and contract can be mirrored. Retail investors playing contracts on small exchanges are all naked. Here are the key points! The small exchange will analyze you from various dimensions. Generally, based on a certain period of time, your position, position currency, position period, and profit performance. If you engage in high-frequency trading and hold positions for less than one minute, you will be classified as arbitrage by the exchange. Sealing you is not negotiable. Based on the data analyzed from the above dimensions, the exchange will provide adversarial strategies. For example, if the winning rate is high or the profit and loss ratio is high, the exchange will not bet on you. Usually, hedging is done upstream, which means opening positions in the same direction as you. If your contract data shows as a vegetable dog, the exchange will open positions downstream and bet against you Anyway, the exchange can make profits through price differences. You are transparent, how can you compete with the exchange?