Polish risk sizing: 2dp money preview, editable ratio/exit, plan badge.

Exit unit and perp/option units scale with k; plan page shows 以损定仓.

Co-authored-by: Cursor <cursoragent@cursor.com>

backend/app/api/settings.py

@@ -54,6 +54,9 @@ KEYS = (
     "risk_loss_usdt",
     "risk_capital_source",
     "risk_manual_capital_usdt",
+    "risk_perp_unit",
+    "risk_option_unit",
+    "risk_exit_unit",
 )
 
 
@@ -88,6 +91,9 @@ class StrategySettingsBody(BaseModel):
         default=None, pattern="^(trading_account|manual)$"
     )
     risk_manual_capital_usdt: float | None = Field(default=None, ge=1, le=100_000_000)
+    risk_perp_unit: float | None = Field(default=None, ge=0.01, le=100)
+    risk_option_unit: float | None = Field(default=None, ge=0.01, le=100)
+    risk_exit_unit: float | None = Field(default=None, ge=0.1, le=1_000_000)
 
 
 def _as_bool(raw: str | None, default: bool) -> bool:
@@ -244,6 +250,9 @@ def _read_settings() -> dict:
         "risk_manual_capital_usdt": float(
             db.get_setting("risk_manual_capital_usdt", "10000") or 10000
         ),
+        "risk_perp_unit": float(db.get_setting("risk_perp_unit", "1") or 1),
+        "risk_option_unit": float(db.get_setting("risk_option_unit", "2") or 2),
+        "risk_exit_unit": float(db.get_setting("risk_exit_unit", "15") or 15),
         "risk_sizing_preview": _risk_preview_safe(),
         "exchange": rt.exchange,
         "perp_inst_id": rt.perp_inst_id,

backend/app/strategy/engine.py

@@ -112,6 +112,22 @@ class StrategyEngine:
             fixed_perp = "long"
         perp_qty = self.ledger.get_setting_float("perp_qty_eth", s.perp_qty_eth)
         opt_qty = self.ledger.get_setting_float("option_qty_eth", s.option_qty_eth)
+        sizing_mode = (
+            sm
+            if (
+                sm := str(
+                    self.ledger.get_setting_str("sizing_mode", "manual") or "manual"
+                )
+                .strip()
+                .lower()
+            )
+            in ("manual", "risk_based")
+            else "manual"
+        )
+        risk_perp_unit = self.ledger.get_setting_float("risk_perp_unit", 1.0)
+        risk_option_unit = self.ledger.get_setting_float("risk_option_unit", 2.0)
+        risk_exit_unit = self.ledger.get_setting_float("risk_exit_unit", 15.0)
+        risk_last_k = self.ledger.get_setting_float("risk_last_k", 0.0)
         rest_until = row["rest_until_ms"]
         rest_left = 0
         if rest_until:
@@ -150,6 +166,12 @@ class StrategyEngine:
             "perp_margin_mode": perp_mm,
             "perp_qty_eth": perp_qty,
             "option_qty_eth": opt_qty,
+            "sizing_mode": sizing_mode,
+            "risk_based": sizing_mode == "risk_based",
+            "risk_perp_unit": risk_perp_unit,
+            "risk_option_unit": risk_option_unit,
+            "risk_exit_unit": risk_exit_unit,
+            "risk_last_k": risk_last_k if risk_last_k > 0 else None,
             "min_option_hours": min_hours,
             "min_option_leverage": min_opt_lev,
             "atm_open_offset_enabled": atm_off_on,

backend/app/strategy/risk_sizing.py

@@ -13,7 +13,7 @@ from ..sim.ledger import Ledger
 
 logger = logging.getLogger(__name__)
 
-# 标准组基准（k=1）
+# 标准组基准默认（k=1）；可由设置 risk_*_unit 覆盖
 BASE_PERP_ETH = 1.0
 BASE_OPTION_ETH = 2.0
 BASE_EXIT_USDT = 15.0
@@ -21,6 +21,26 @@ MIN_K = 0.1
 FEE_LEG_COUNT = 3  # 永续开/平 + 期权一次
 
 
+def _round2(x: float | None) -> float | None:
+    if x is None or not math.isfinite(float(x)):
+        return None
+    return round(float(x) + 0.0, 2)
+
+
+def read_risk_units(ledger: Ledger) -> tuple[float, float, float]:
+    """永续名义单位 / 期权名义单位 / 出场基数(k=1)。"""
+    perp_u = ledger.get_setting_float("risk_perp_unit", BASE_PERP_ETH)
+    opt_u = ledger.get_setting_float("risk_option_unit", BASE_OPTION_ETH)
+    exit_u = ledger.get_setting_float("risk_exit_unit", BASE_EXIT_USDT)
+    if perp_u <= 0:
+        perp_u = BASE_PERP_ETH
+    if opt_u <= 0:
+        opt_u = BASE_OPTION_ETH
+    if exit_u <= 0:
+        exit_u = BASE_EXIT_USDT
+    return float(perp_u), float(opt_u), float(exit_u)
+
+
 @dataclass(frozen=True, slots=True)
 class RiskSizingResult:
     ok: bool
@@ -36,6 +56,9 @@ class RiskSizingResult:
     net_profit_target: float | None = None
     index_px: float | None = None
     option_ask: float | None = None
+    perp_unit: float | None = None
+    option_unit: float | None = None
+    exit_unit: float | None = None
 
 
 def is_risk_based(ledger: Ledger | None = None) -> bool:
@@ -51,9 +74,15 @@ def floor_k_1dp(k_raw: float) -> float:
     return math.floor(k_raw * 10.0 + 1e-12) / 10.0
 
 
-def unit_cost(*, index_px: float, option_ask: float, fee_rate: float) -> float:
+def unit_cost(
-    """k=1 时估算最大亏损 = 权利金(2ETH) + 手续费粗估。"""
+    *,
-    premium_unit = float(option_ask) * BASE_OPTION_ETH
+    index_px: float,
+    option_ask: float,
+    fee_rate: float,
+    option_unit: float = BASE_OPTION_ETH,
+) -> float:
+    """k=1 时估算最大亏损 = 权利金(option_unit ETH) + 手续费粗估。"""
+    premium_unit = float(option_ask) * float(option_unit)
     fee_unit = float(index_px) * float(fee_rate) * FEE_LEG_COUNT
     return premium_unit + fee_unit
 
@@ -64,6 +93,9 @@ def compute_k(
     index_px: float,
     option_ask: float,
     fee_rate: float,
+    perp_unit: float = BASE_PERP_ETH,
+    option_unit: float = BASE_OPTION_ETH,
+    exit_unit: float = BASE_EXIT_USDT,
 ) -> RiskSizingResult:
     if budget is None or budget <= 0 or not math.isfinite(budget):
         return RiskSizingResult(ok=False, detail="以损定仓预算无效（须 > 0）")
@@ -71,8 +103,15 @@ def compute_k(
         return RiskSizingResult(ok=False, detail="以损定仓缺少有效指数价")
     if option_ask is None or option_ask <= 0 or not math.isfinite(option_ask):
         return RiskSizingResult(ok=False, detail="以损定仓缺少有效期权卖一")
+    if option_unit <= 0 or perp_unit <= 0 or exit_unit <= 0:
+        return RiskSizingResult(ok=False, detail="以损定仓比例/出场基数须 > 0")
 
-    cost1 = unit_cost(index_px=index_px, option_ask=option_ask, fee_rate=fee_rate)
+    cost1 = unit_cost(
+        index_px=index_px,
+        option_ask=option_ask,
+        fee_rate=fee_rate,
+        option_unit=option_unit,
+    )
     if cost1 <= 1e-12:
         return RiskSizingResult(ok=False, detail="以损定仓单位成本无效")
 
@@ -85,15 +124,18 @@ def compute_k(
                 f"以损定仓算出 k={k_raw:.4f}，向下取整后 < {MIN_K}，"
                 f"预算 {budget:.2f}U 不足以开最小仓（单位成本≈{cost1:.2f}U）"
             ),
-            budget=float(budget),
+            budget=_round2(float(budget)),
             k=k,
             index_px=float(index_px),
             option_ask=float(option_ask),
+            perp_unit=float(perp_unit),
+            option_unit=float(option_unit),
+            exit_unit=float(exit_unit),
         )
 
     # 若浮点导致仍略超，再降一档
     while k >= MIN_K - 1e-12:
-        prem = float(option_ask) * BASE_OPTION_ETH * k
+        prem = float(option_ask) * float(option_unit) * k
         fee = float(index_px) * float(fee_rate) * FEE_LEG_COUNT * k
         mx = prem + fee
         if mx <= float(budget) + 1e-6:
@@ -101,24 +143,30 @@ def compute_k(
                 ok=True,
                 detail="ok",
                 k=k,
-                budget=float(budget),
+                budget=_round2(float(budget)),
-                premium_est=prem,
+                premium_est=_round2(prem),
-                fee_est=fee,
+                fee_est=_round2(fee),
-                max_loss=mx,
+                max_loss=_round2(mx),
-                perp_qty_eth=round(BASE_PERP_ETH * k, 4),
+                perp_qty_eth=round(float(perp_unit) * k, 4),
-                option_qty_eth=round(BASE_OPTION_ETH * k, 4),
+                option_qty_eth=round(float(option_unit) * k, 4),
-                net_profit_target=round(BASE_EXIT_USDT * k, 4),
+                net_profit_target=_round2(float(exit_unit) * k),
                 index_px=float(index_px),
                 option_ask=float(option_ask),
+                perp_unit=float(perp_unit),
+                option_unit=float(option_unit),
+                exit_unit=float(exit_unit),
             )
         k = round(k - 0.1, 1)
 
     return RiskSizingResult(
         ok=False,
         detail=f"以损定仓无法在预算 {budget:.2f}U 内找到合规 k",
-        budget=float(budget),
+        budget=_round2(float(budget)),
         index_px=float(index_px),
         option_ask=float(option_ask),
+        perp_unit=float(perp_unit),
+        option_unit=float(option_unit),
+        exit_unit=float(exit_unit),
     )
 
 
@@ -220,6 +268,7 @@ def compute_risk_sizing(
     ledger = Ledger(database)
     s = get_settings()
     fee_rate = ledger.get_setting_float("fee_rate", s.fee_rate)
+    perp_u, opt_u, exit_u = read_risk_units(ledger)
     budget, bud_detail, capital = resolve_budget(database)
     if budget is None:
         return RiskSizingResult(ok=False, detail=f"以损定仓预算失败: {bud_detail}")
@@ -228,23 +277,29 @@ def compute_risk_sizing(
         index_px=index_px,
         option_ask=option_ask,
         fee_rate=fee_rate,
+        perp_unit=perp_u,
+        option_unit=opt_u,
+        exit_unit=exit_u,
     )
     if not r.ok:
         return RiskSizingResult(
             ok=False,
             detail=r.detail,
-            budget=budget,
+            budget=_round2(budget),
-            capital_base=capital,
+            capital_base=_round2(capital) if capital is not None else None,
             index_px=float(index_px),
             option_ask=float(option_ask),
             k=r.k,
+            perp_unit=perp_u,
+            option_unit=opt_u,
+            exit_unit=exit_u,
         )
     return RiskSizingResult(
         ok=True,
         detail=r.detail,
         k=r.k,
-        budget=budget,
+        budget=_round2(budget),
-        capital_base=capital,
+        capital_base=_round2(capital) if capital is not None else None,
         premium_est=r.premium_est,
         fee_est=r.fee_est,
         max_loss=r.max_loss,
@@ -253,6 +308,9 @@ def compute_risk_sizing(
         net_profit_target=r.net_profit_target,
         index_px=r.index_px,
         option_ask=r.option_ask,
+        perp_unit=perp_u,
+        option_unit=opt_u,
+        exit_unit=exit_u,
     )
 
 
@@ -272,7 +330,7 @@ def apply_risk_sizing_to_ledger(
     if not r.ok:
         return r
 
-    # 以损定仓强制 fixed_usdt，保证出场 15×k
+    # 以损定仓强制 fixed_usdt；出场 = exit_unit × k
     database.set_setting("exit_mode", "fixed_usdt")
     database.set_setting("perp_qty_eth", str(r.perp_qty_eth))
     database.set_setting("option_qty_eth", str(r.option_qty_eth))
@@ -280,7 +338,7 @@ def apply_risk_sizing_to_ledger(
     database.set_setting("risk_last_k", str(r.k))
     database.set_setting(
         "risk_last_max_loss",
-        f"{r.max_loss:.6f}" if r.max_loss is not None else "",
+        f"{r.max_loss:.2f}" if r.max_loss is not None else "",
     )
     logger.info(
         "risk_sizing applied k=%.1f perp=%.4f opt=%.4f exit=%.4f max_loss=%.4f budget=%.4f",
@@ -317,6 +375,7 @@ def preview_risk_sizing(db: Database | None = None) -> dict[str, Any]:
         out["detail"] = "暂无指数或期权卖一，无法预览"
         return out
     r = compute_risk_sizing(index_px=float(idx), option_ask=float(ask), db=database)
+    perp_u, opt_u, exit_u = read_risk_units(ledger)
     out.update(
         {
             "ok": r.ok,
@@ -332,6 +391,9 @@ def preview_risk_sizing(db: Database | None = None) -> dict[str, Any]:
             "net_profit_target": r.net_profit_target,
             "index_px": r.index_px,
             "option_ask": r.option_ask,
+            "perp_unit": perp_u,
+            "option_unit": opt_u,
+            "exit_unit": exit_u,
         }
     )
     return out

backend/tests/test_risk_sizing.py

@@ -29,6 +29,33 @@ def test_compute_k_scales_1_2_15() -> None:
     assert r.option_qty_eth == BASE_OPTION_ETH
     assert r.net_profit_target == BASE_EXIT_USDT
     assert r.max_loss is not None and r.max_loss <= 43.0 + 1e-6
+    assert r.budget == 43.0
+
+
+def test_compute_k_custom_units() -> None:
+    # option_unit=4 → premium unit = 20*4=80; fee=3; cost=83; budget=83 → k=1
+    r = compute_k(
+        budget=83.0,
+        index_px=2000.0,
+        option_ask=20.0,
+        fee_rate=0.0005,
+        perp_unit=0.5,
+        option_unit=4.0,
+        exit_unit=30.0,
+    )
+    assert r.ok
+    assert r.k == 1.0
+    assert r.perp_qty_eth == 0.5
+    assert r.option_qty_eth == 4.0
+    assert r.net_profit_target == 30.0
+
+
+def test_money_rounds_2dp() -> None:
+    r = compute_k(budget=50.123456, index_px=1900.0, option_ask=18.5, fee_rate=0.0005)
+    assert r.ok
+    assert r.budget == round(50.123456, 2)
+    assert r.max_loss is not None
+    assert abs(r.max_loss * 100 - round(r.max_loss * 100)) < 1e-9
 
 
 def test_compute_k_never_exceeds_budget() -> None:

docs/更新说明.md

@@ -5,6 +5,16 @@
 
 ---
 
+## 2026-07-29 — 以损定仓：预览两位小数 / 比例与出场可配 / 计划页标识
+
+### 变更
+
+1. 预览「预算」「估亏」统一保留两位小数。  
+2. 以损定仓可设永续/期权比例与出场基数（k=1）；改出场后按比例联动名义。  
+3. 对冲计划选约条件显示「以损定仓」及比例。
+
+---
+
 ## 2026-07-29 — 以损定仓（智能调仓）
 
 ### 变更

frontend/src/api/client.ts

@@ -329,6 +329,9 @@ export type StrategySettings = {
   risk_loss_usdt?: number;
   risk_capital_source?: "trading_account" | "manual";
   risk_manual_capital_usdt?: number;
+  risk_perp_unit?: number;
+  risk_option_unit?: number;
+  risk_exit_unit?: number;
   risk_sizing_preview?: Record<string, unknown>;
   exchange?: string;
 };

frontend/src/pages/Plan.tsx

@@ -151,7 +151,9 @@ export default function PlanPage() {
   const exitRuleLabel =
     exitMode === "premium_multiple"
       ? `权利金×${fmt(plan?.premium_exit_multiple ?? 1, 2)}`
-      : `固定 ${fmt(plan?.net_profit_target ?? 15)} U`;
+      : plan?.risk_based || plan?.sizing_mode === "risk_based"
+        ? `以损定仓 · 固定 ${fmt(exitTarget)} U（基数${fmt(plan?.risk_exit_unit ?? 15)}）`
+        : `固定 ${fmt(plan?.net_profit_target ?? 15)} U`;
   const phaseLabel = PHASE_ZH[plan?.phase || ""] || plan?.phase || "—";
   const atmRule = plan?.fixed_direction_enabled
     ? plan?.fixed_perp_side === "short"
@@ -343,8 +345,20 @@ export default function PlanPage() {
               <div className="kv">
                 <span>选约条件</span>
                 <span className="mono">
-                  永续{fmt(plan?.perp_qty_eth ?? 1, 0)}ETH/期权
+                  {plan?.risk_based || plan?.sizing_mode === "risk_based" ? (
-                  {fmt(plan?.option_qty_eth ?? 2, 0)}ETH · 剩余≥
+                    <>
+                      <span className="status-running">以损定仓</span>
+                      {" · "}
+                      比例{fmt(plan?.risk_perp_unit ?? 1, 2)}:
+                      {fmt(plan?.risk_option_unit ?? 2, 2)}
+                      {plan?.risk_last_k
+                        ? ` · k=${fmt(plan.risk_last_k, 1)}`
+                        : ""}
+                      {" · "}
+                    </>
+                  ) : null}
+                  永续{fmt(plan?.perp_qty_eth ?? 1, 2)}ETH/期权
+                  {fmt(plan?.option_qty_eth ?? 2, 2)}ETH · 剩余≥
                   {fmt(plan?.min_option_hours, 0)}h · 期权杠杆≥
                   {fmt(plan?.min_option_leverage, 0)}x
                   {plan?.fixed_direction_enabled

frontend/src/pages/Settings.tsx

@@ -94,6 +94,9 @@ export default function SettingsPage() {
     "trading_account" | "manual"
   >("trading_account");
   const [riskManualCapital, setRiskManualCapital] = useState(10000);
+  const [riskPerpUnit, setRiskPerpUnit] = useState(1);
+  const [riskOptUnit, setRiskOptUnit] = useState(2);
+  const [riskExitUnit, setRiskExitUnit] = useState(15);
   const [riskPreview, setRiskPreview] = useState<Record<string, unknown> | null>(
     null,
   );
@@ -194,6 +197,9 @@ export default function SettingsPage() {
           s.risk_capital_source === "manual" ? "manual" : "trading_account",
         );
         setRiskManualCapital(s.risk_manual_capital_usdt ?? 10000);
+        setRiskPerpUnit(s.risk_perp_unit ?? 1);
+        setRiskOptUnit(s.risk_option_unit ?? 2);
+        setRiskExitUnit(s.risk_exit_unit ?? 15);
         setRiskPreview(
           s.risk_sizing_preview && typeof s.risk_sizing_preview === "object"
             ? s.risk_sizing_preview
@@ -349,6 +355,9 @@ export default function SettingsPage() {
         risk_loss_usdt: riskLossUsdt,
         risk_capital_source: riskCapitalSource,
         risk_manual_capital_usdt: riskManualCapital,
+        risk_perp_unit: riskPerpUnit,
+        risk_option_unit: riskOptUnit,
+        risk_exit_unit: riskExitUnit,
         exchange,
       };
       // 以损定仓不提交手填名义/出场，避免禁用输入框脏值导致 422
@@ -739,17 +748,138 @@ export default function SettingsPage() {
                       <div className="field" style={{ gridColumn: "1 / -1" }}>
                         <label>以损定仓预览（保存后刷新；开仓前再算一次）</label>
                         <div className="mono" style={{ fontSize: 12, opacity: 0.9 }}>
-                          {riskPreview == null
+                          {(() => {
-                            ? "—"
+                            if (riskPreview == null) return "—";
-                            : riskPreview.ok === false
+                            if (riskPreview.ok === false) {
-                              ? String(riskPreview.detail || "预览不可用")
+                              return String(riskPreview.detail || "预览不可用");
-                              : `k=${String(riskPreview.k ?? "—")} · 预算=${String(riskPreview.budget ?? "—")}U · 估亏=${String(riskPreview.max_loss ?? "—")}U · 永续=${String(riskPreview.perp_qty_eth ?? "—")} · 期权=${String(riskPreview.option_qty_eth ?? "—")} · 出场=${String(riskPreview.net_profit_target ?? "—")}`}
+                            }
+                            const k = Number(riskPreview.k);
+                            const bud = Number(riskPreview.budget);
+                            const mx = Number(riskPreview.max_loss);
+                            const pk = Number.isFinite(k) ? k : null;
+                            const perp =
+                              pk != null
+                                ? Number((riskPerpUnit * pk).toFixed(4))
+                                : riskPreview.perp_qty_eth;
+                            const opt =
+                              pk != null
+                                ? Number((riskOptUnit * pk).toFixed(4))
+                                : riskPreview.option_qty_eth;
+                            const exit =
+                              pk != null
+                                ? Number((riskExitUnit * pk).toFixed(2))
+                                : riskPreview.net_profit_target;
+                            const budS = Number.isFinite(bud)
+                              ? bud.toFixed(2)
+                              : "—";
+                            const mxS = Number.isFinite(mx) ? mx.toFixed(2) : "—";
+                            return `k=${pk ?? "—"} · 预算=${budS}U · 估亏=${mxS}U · 永续=${perp ?? "—"} · 期权=${opt ?? "—"} · 出场=${exit ?? "—"}`;
+                          })()}
                         </div>
                       </div>
+                      <div className="field">
+                        <label htmlFor="riskPerpU">永续比例（k=1）</label>
+                        <input
+                          id="riskPerpU"
+                          className="mono"
+                          type="number"
+                          step="0.01"
+                          min="0.01"
+                          value={riskPerpUnit}
+                          onChange={(e) => {
+                            const v = Number(e.target.value);
+                            setRiskPerpUnit(v);
+                            const k = Number(riskPreview?.k);
+                            if (Number.isFinite(k) && k > 0) {
+                              setPerpQty(Number((v * k).toFixed(4)));
+                            }
+                          }}
+                        />
+                      </div>
+                      <div className="field">
+                        <label htmlFor="riskOptU">期权比例（k=1）</label>
+                        <input
+                          id="riskOptU"
+                          className="mono"
+                          type="number"
+                          step="0.01"
+                          min="0.01"
+                          value={riskOptUnit}
+                          onChange={(e) => {
+                            const v = Number(e.target.value);
+                            setRiskOptUnit(v);
+                            const k = Number(riskPreview?.k);
+                            if (Number.isFinite(k) && k > 0) {
+                              setOptQty(Number((v * k).toFixed(4)));
+                            }
+                          }}
+                        />
+                      </div>
+                      <div className="field">
+                        <label htmlFor="riskExitU">
+                          出场资金（k=1；改后按比例联动）
+                        </label>
+                        <input
+                          id="riskExitU"
+                          className="mono"
+                          type="number"
+                          step="0.1"
+                          min="0.1"
+                          value={riskExitUnit}
+                          onChange={(e) => {
+                            const v = Number(e.target.value);
+                            setRiskExitUnit(v);
+                            const k = Number(riskPreview?.k);
+                            if (Number.isFinite(k) && k > 0) {
+                              setNetTarget(Number((v * k).toFixed(2)));
+                              setPerpQty(Number((riskPerpUnit * k).toFixed(4)));
+                              setOptQty(Number((riskOptUnit * k).toFixed(4)));
+                            }
+                          }}
+                        />
+                      </div>
+                      <div className="field">
+                        <label htmlFor="riskExitAbs">
+                          当前出场（= 基数×k，可改后反推基数）
+                        </label>
+                        <input
+                          id="riskExitAbs"
+                          className="mono"
+                          type="number"
+                          step="0.01"
+                          min="0.1"
+                          value={
+                            (() => {
+                              const k = Number(riskPreview?.k);
+                              if (Number.isFinite(k) && k > 0) {
+                                return Number((riskExitUnit * k).toFixed(2));
+                              }
+                              return Number(riskExitUnit.toFixed(2));
+                            })()
+                          }
+                          onChange={(e) => {
+                            const abs = Number(e.target.value);
+                            const k = Number(riskPreview?.k);
+                            if (Number.isFinite(k) && k > 0) {
+                              const unit = Number((abs / k).toFixed(4));
+                              setRiskExitUnit(unit);
+                              setNetTarget(Number(abs.toFixed(2)));
+                              setPerpQty(Number((riskPerpUnit * k).toFixed(4)));
+                              setOptQty(Number((riskOptUnit * k).toFixed(4)));
+                            } else {
+                              setRiskExitUnit(abs);
+                              setNetTarget(abs);
+                            }
+                          }}
+                        />
+                      </div>
                     </>
                   ) : null}
                   <div className="field">
-                    <label htmlFor="perp">永续 ETH 数量</label>
+                    <label htmlFor="perp">
+                      永续 ETH 数量
+                      {sizingMode === "risk_based" ? "（随比例×k）" : ""}
+                    </label>
                     <input
                       id="perp"
                       className="mono"
@@ -757,12 +887,22 @@ export default function SettingsPage() {
                       step="0.01"
                       min="0.01"
                       disabled={sizingMode === "risk_based"}
-                      value={perpQty}
+                      value={
+                        sizingMode === "risk_based" &&
+                        Number(riskPreview?.k) > 0
+                          ? Number(
+                              (riskPerpUnit * Number(riskPreview?.k)).toFixed(4),
+                            )
+                          : perpQty
+                      }
                       onChange={(e) => setPerpQty(Number(e.target.value))}
                     />
                   </div>
                   <div className="field">
-                    <label htmlFor="opt">期权 ETH 数量</label>
+                    <label htmlFor="opt">
+                      期权 ETH 数量
+                      {sizingMode === "risk_based" ? "（随比例×k）" : ""}
+                    </label>
                     <input
                       id="opt"
                       className="mono"
@@ -770,7 +910,14 @@ export default function SettingsPage() {
                       step="0.01"
                       min="0.01"
                       disabled={sizingMode === "risk_based"}
-                      value={optQty}
+                      value={
+                        sizingMode === "risk_based" &&
+                        Number(riskPreview?.k) > 0
+                          ? Number(
+                              (riskOptUnit * Number(riskPreview?.k)).toFixed(4),
+                            )
+                          : optQty
+                      }
                       onChange={(e) => setOptQty(Number(e.target.value))}
                     />
                   </div>
@@ -895,8 +1042,9 @@ export default function SettingsPage() {
                   {sizingMode === "risk_based" || exitMode === "fixed_usdt" ? (
                     <div className="field">
                       <label htmlFor="netTarget">
-                        净盈利出场目标（USDT）
+                        {sizingMode === "risk_based"
-                        {sizingMode === "risk_based" ? " · 以损定仓=15×k" : ""}
+                          ? "出场资金（k=1 基数）"
+                          : "净盈利出场目标（USDT）"}
                       </label>
                       <input
                         id="netTarget"
@@ -904,9 +1052,25 @@ export default function SettingsPage() {
                         type="number"
                         step="0.1"
                         min="0.1"
-                        disabled={sizingMode === "risk_based"}
+                        value={
-                        value={netTarget}
+                          sizingMode === "risk_based" ? riskExitUnit : netTarget
-                        onChange={(e) => setNetTarget(Number(e.target.value))}
+                        }
+                        onChange={(e) => {
+                          const v = Number(e.target.value);
+                          if (sizingMode === "risk_based") {
+                            setRiskExitUnit(v);
+                            const k = Number(riskPreview?.k);
+                            if (Number.isFinite(k) && k > 0) {
+                              setNetTarget(Number((v * k).toFixed(2)));
+                              setPerpQty(
+                                Number((riskPerpUnit * k).toFixed(4)),
+                              );
+                              setOptQty(Number((riskOptUnit * k).toFixed(4)));
+                            }
+                          } else {
+                            setNetTarget(v);
+                          }
+                        }}
                       />
                     </div>
                   ) : (