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.
9,797 documents
The document introduces BTC DVOL futures as contracts linked to Deribit’s 30-day forward-looking implied-volatility index. It distinguishes that measure from realized volatility and explains that annualized DVOL can be converted approximately into an…
This weekly report compares BTC and ETH futures, perpetual swap funding, and options markets. It characterizes volatility skews as bullish across maturities, with stronger conviction in BTC, and says ETH futures-implied yields remain positive but below BTC’s…
This weekly snapshot reviews BTC and ETH futures-implied yields and options markets. For BTC, it describes annualized yields recovering from a sharp June decline into a narrower range, while short-dated futures prices remain close to spot. ATM implied…
This weekly report summarizes BTC and ETH derivatives conditions using futures yields, perpetual swap funding, and options volatility measures. It says spot price swings did not produce a similarly large rise in implied volatility, which stayed within a…
This weekly report surveys BTC and ETH derivatives after a period of weaker funding and shifting options sentiment. It describes rising BTC perpetual funding as a possible return of bullish positioning, while futures-implied yields remain in a broader…
This weekly market report describes a rally in BTC and ETH alongside rising futures-implied yields and elevated perpetual funding, which it interprets as stronger demand for leveraged long exposure. It also reports inverted short-dated implied-volatility…
This weekly report describes the reaction of BTC and ETH derivatives markets to the collapse of FTX. It notes that annualized futures yields fell sharply below zero, implied volatility spiked and remained elevated, and short dated options carried the highest…
This weekly snapshot reviews BTC and ETH futures yields, perpetual funding, and options volatility after a price pullback and recovery. It reports that short dated futures yields rose from recent lows, funding stayed positive but modest, and implied…
This weekly market report reviews Bitcoin and Ether derivatives through perpetual funding rates, futures-implied yields, at-the-money implied volatility, and options risk reversals. It also references risk appetite indices and compares volatility surfaces…
This weekly report reviews Bitcoin and Ether derivatives during a spot rally that tested prior highs. It tracks futures-implied yields, perpetual swap funding, at-the-money implied volatility, and 25-delta risk reversals, alongside exchange comparisons and…
The document explains how profit and loss on Deribit inverse futures and perpetuals is calculated in USD but settled in BTC. Because the account uses BTC as collateral, the BTC amount corresponding to a given USD profit depends on the BTCUSD price when the…
The announcement describes Deribit’s addition of Pax Gold (PAXG), a token backed by physical gold held in custody, to its trading platform. Available products include spot, perpetual futures, dated futures, and options. The stated use cases include taking…
This weekly market recap describes how BTC and ETH derivatives reacted to a sharp October 2025 selloff following escalating US–China trade tensions. It reports that BTC had first reached a new high, then fell alongside ETH as more than $19 billion in…
This weekly recap outlines changes in Bitcoin futures pricing and options volatility following the LUNA market shock. It reports that the futures term structure regained a positive slope and that implied volatility returned to a more typical shape. The…
This weekly recap describes shifts in Bitcoin and Ether derivatives positioning around the resolution of an Ether ETF launch event. It reports stronger demand for out-of-the-money Bitcoin calls than for Ether calls, positive but volatile Bitcoin perpetual…
This weekly report reviews Bitcoin and Ether derivatives alongside macroeconomic developments. It links a short rally in Bitcoin to US employment data and a trade announcement, then summarizes changes in perpetual swap funding, futures-implied yields,…
This weekly market report reviews Bitcoin and Ether futures yields, perpetual swap funding, and options volatility and skew after an early-week spot selloff. It says spot prices and the kink in at-the-money implied volatility term structures recovered, while…
This weekly review describes a quiet crypto market following a brief selloff linked to Federal Reserve comments. Spot trading activity contracted, while derivatives positioning and expectations became broadly neutral with a slight bearish tilt. The report…
This weekly report summarizes Bitcoin and Ether futures, perpetual swap funding, and options conditions. It describes annualized futures yields as moving sideways, with short tenors recovering from the prior week, especially for Ether. Funding rates for both…
This weekly report reviews Bitcoin and Ether derivatives through annualized futures-implied yields, at-the-money implied volatility, volatility skew, and the shape of each asset’s volatility smile. It describes how those measures changed around a recent spot…
This weekly report reviews crypto derivatives conditions for BTC and ETH after BTC reached a new record high and then traded within a stated price range. It tracks directional sentiment through perpetual swap funding, futures implied yields, at-the-money…
This weekly report reviews Bitcoin and Ether derivatives after a sharp recovery to pre-FTX price levels. It connects futures premiums and positive perpetual swap funding with increased demand for long exposure, while describing a rise in at-the-money implied…
This weekly report reviews BTC and ETH derivatives conditions using futures-implied yields, perpetual swap funding rates, option implied volatility, risk reversals, and volatility surfaces. It describes a rise in spot prices alongside higher futures yields…
The article walks through a bitcoin cash-and-carry trade: buy BTC in the spot market, short a similarly sized futures position, then close the futures short and sell the BTC when the futures premium has narrowed. The paired positions are intended to reduce…