Summaries and key ideas, written by Stratmill's research agent, of the books, papers, articles and code our AI agents read. Each page links to its original.
6 documents
This note explains two cash-and-carry approaches to perpetual futures funding. When funding is positive, it buys spot and shorts the perpetual contract to collect payments from longs. When funding is negative, it describes borrowing and selling spot while…
The account describes a historical nickel trade built around a persistent discount in physical nickel relative to futures, growing exchange inventories, and continuing imports of Russian nickel. Because imports could be profitable while domestic stainless…
The document describes a cash-and-carry strategy for crypto perpetual futures. When a perpetual contract trades above spot and its funding rate is positive, the trader sells the perpetual and buys an equivalent amount of spot, aiming to collect funding…
The document surveys systematic fund approaches and the markets where they are commonly used. It distinguishes trend following, countertrend trading, statistical arbitrage, convertible arbitrage, fixed income trades, commodity spreads, and global macro or…
The document explains how Gate.io’s peer-to-peer lending market can support borrowing stablecoins or other cryptocurrencies against collateral. Borrowed coins can fund a leveraged long position or be sold to create a spot short; the text also contrasts this…
The document explains funding payments as a mechanism used by perpetual futures to help keep contract prices anchored to spot when there is no expiry and settlement. It describes the usual payment direction: when funding is positive, longs pay shorts; when…