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.
1,747 documents
The document explains funding in perpetual futures as a periodic transfer between long and short position holders. A positive rate generally means longs pay shorts, while a negative rate means shorts pay longs. This mechanism is intended to keep perpetual…
The article explains how traders can assess liquidity in perpetual futures beyond headline trading volume. It defines bid-ask spread and order-book depth, describes how large orders can walk through price levels and incur slippage, and explains why depth…
The document introduces GMCI30USDT perpetual futures as a way to gain exposure to a basket of leading cryptocurrencies through one contract. It describes the GMCI 30 Index as market-cap weighted, with eligibility considerations for exchange and custodian…
The article introduces Synthetix as an Ethereum-based protocol for synthetic assets that track prices of currencies, commodities, and cryptocurrencies. It describes SNX as a staking and governance token, with staking used to support synthetic asset issuance…
The article compares tokenized stock exposure through rTokens with USDT-settled perpetual contracts, presenting them as complementary ways to manage equity positions outside U.S. exchange hours. It describes rTokens as spot-style assets that may support…
This glossary explains USDT-margined commodity perpetual futures, which have no expiry and settle profit and loss in USDT. It defines core concepts such as long and short positions, leverage, margin, mark and index prices, funding payments, liquidation, and…
This report surveys changes in crypto derivatives during 2025, emphasizing institutional participation, exchange-traded products, centralized exchange activity, and the growth of on-chain perpetual markets. It argues that CME strengthened its position in BTC…
The document compares two Bitget products offering SpaceX-linked price exposure: rSPCX, described as a spot-style product, and SPCXUSDT, a USDT-settled perpetual future. It explains that the former is designed to provide exposure without leverage by default,…
The document compares two ways to copy stock-linked strategies on Bitget: rToken copy trading, which follows selected tokenized stock trades, and stock perpetual copy trading, which follows leveraged derivatives positions. It describes how users select a…
The document explains how futures transaction fees depend on order value, the fee rate, and whether an order adds or removes liquidity. It defines makers as orders that rest before execution and takers as orders that execute against existing orders, then…
The document explains that futures trading fees apply when positions are opened and closed, and distinguishes maker orders, which rest in the order book, from taker orders, which execute against available liquidity. It gives a calculation method: multiply…
This weekly crypto roundup mixes market observations with regulatory, institutional, project, security, and industry news. Its trading-relevant discussion notes that Bitcoin’s 20-day volatility was described as approaching a low and comparable to Nasdaq’s,…
The article explains Bitget’s XAUUSDT perpetual contract and how to assess liquidity when trading gold exposure around the clock. It distinguishes order-book depth, bid-ask spread, and slippage, noting that trading volume alone does not show how much…
The document explains contango as an upward-sloping futures curve, where deferred contracts trade above nearer contracts or spot, and backwardation as the reverse. It links these shapes to supply conditions: abundant inventories and stable expectations can…
The document explains contango as an upward-sloping futures curve, where deferred contracts trade above nearer contracts or spot, and backwardation as the reverse. It links these shapes to supply conditions: abundant inventories and stable expectations can…
This beginner guide explains how crypto futures let traders take long or short positions and use leverage, then compares stablecoin-settled contracts with coin-settled perpetual and delivery contracts. It distinguishes them by settlement currency, notional…
The document explains quadruple witching, when index and stock options and futures expire together, and describes how hedging, rolling, and position unwinding can raise trading volume and amplify price swings. It stresses that expiration itself is…
The article describes Bitget Auto Earn, a feature that lets users hold specified yield-bearing assets as futures margin while accruing interest. It names BGUSD and BGSOL, which are obtained by converting stablecoins or SOL, and says these assets can be moved…
The document introduces Toobit as a centralized cryptocurrency exchange and outlines its spot and derivatives offerings. It describes spot access to a broad selection of crypto assets and a feature for trading on-chain assets through the exchange interface.…
The article describes crypto perpetual futures grid bots, which place orders at preset price levels to trade fluctuations within a selected range. Long grids buy lower and sell higher, short grids sell higher and repurchase lower, and neutral grids combine…
The document assesses Bitcoin’s inability to hold a stated price level alongside futures positioning and broader market context. It interprets a rise in the two-month futures annualized basis from 6.5% to 8% as increased demand for leveraged longs, while…
The document surveys Bitget’s crypto-native access to traditional market price exposure. It describes CFDs for forex, metals, energy, commodities, and indices, alongside stock perpetual futures and tokenized stocks. CFDs use a dedicated USDT-funded account,…
The article describes Aster as a decentralized trading platform offering spot markets and perpetual futures, with multiple trading modes, yield-bearing collateral, and a planned chain using zero-knowledge technology. It also outlines ASTER’s stated…
The document explains how weekly EIA inventory reports can inform trading in crude oil and natural gas perpetual futures. For crude, it focuses on commercial stock changes, gasoline and distillate inventories, refinery use, production, and Cushing stocks.…