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
This weekly market recap interprets Bitcoin and Ether derivatives alongside a spot-price rebound. It tracks futures-implied yields, perpetual swap funding, at-the-money implied volatility, and 25-delta risk reversals. The report describes rising futures…
This weekly snapshot reviews Bitcoin and Ether futures yields, perpetual funding, options implied volatility, volatility surfaces, and put-call skew. It reports that annualized futures yields for both assets were near zero, while perpetual contracts traded…
This weekly report interprets BTC and ETH futures, perpetual swap funding, and options indicators as signs of bullish positioning ahead of a US election. It describes rising futures-implied yields and positive funding as evidence of leveraged long demand,…
This report reviews Bitcoin and Ether derivatives after a sharp spot-market selloff. It describes futures-implied yields falling as futures prices moved below spot, and Bitcoin perpetual funding turning negative after a prolonged positive period. Ether…
This weekly report compares Bitcoin and Ether futures, perpetual swap funding, and options as an expected January ETF date approached. Its key observation is that short-dated volatility and skew began to diverge: Bitcoin’s at-the-money volatility term…
This weekly recap compares BTC and ETH futures, perpetual swap funding, and options after a spot selloff. It reports that futures yields briefly fell at short maturities before recovering, while perpetual funding remained positive, indicating that traders…
The document explains how Deribit combo instruments package multiple futures or options legs into one separately listed instrument. Traders can place a single order on the combo book, which can reduce the execution risk and spread crossing involved in…
This weekly market recap describes changing conditions in BTC and ETH futures, perpetual swaps, and options. It reports that implied volatility rose across maturities, with a pronounced short-dated spike in ETH after analysts raised the perceived chance of…
The commentary interprets a rally in Bitcoin and Ether through three derivatives indicators: perpetual swap funding, open interest, and futures-implied yields. Positive funding is described as the perpetual contract trading above spot, consistent with…
This weekly report surveys BTC and ETH derivatives conditions through implied volatility, futures yields, perpetual swap funding, and options skew. It describes BTC as having a less inverted implied volatility curve than ETH, whose implied volatility traded…
This weekly market recap reviews Bitcoin and Ether derivatives through futures yields, perpetual funding, at-the-money implied volatility, and options skew. It reports that implied volatility fell across maturities as both assets traded near the cited range…
This weekly market recap interprets signals across Bitcoin and Ether derivatives, including futures yields, perpetual funding, implied volatility, and option skew. It describes Bitcoin spot reaching a new high while short-dated implied volatility declined…
This article explains why a long and short futures position with similar dollar values is not risk free. The trader remains exposed to changes in the price difference between contract expiries, and that spread can move sharply against the position. The…
This primer explains leverage as position value relative to account equity, then shows how market moves change that ratio: gains can reduce leverage while losses increase it. It stresses that leverage does not determine a trade’s profit or loss; position…
This weekly report describes how a recovery in BTC and ETH spot prices affected derivatives indicators. It says delivered volatility remained high, lifting short-dated implied volatility and inverting the volatility term structure. Annualized futures yields…
This guide describes how to use a derivatives metrics page to inspect futures, options, and individual instruments against an underlying index. The futures views include open interest, contract premiums over the index, and perpetual funding alongside index…
The document explains a block-trading workflow for institutional crypto derivatives. Traders negotiate futures, options, or combinations privately with chosen counterparties through a communication platform; once agreed, trade details go to an exchange for…
This weekly market recap describes how a risk-on rally affected BTC and ETH derivatives. It reports a sharp ETH spot advance alongside BTC regaining a major price level, and tracks associated changes in perpetual funding, futures implied yields, at-the-money…
This weekly review links crypto market conditions to the Federal Reserve’s policy announcement, changes in volatility and options sentiment, tightening liquidity, inflation concerns, and year-end derivatives expiry. It reports that Bitcoin and Ether…
This weekly report surveys Bitcoin and Ether derivatives conditions after Bitcoin moved above $100,000. It describes moderately bullish signals across markets, including call-biased options skews and positive futures-implied yields, while noting that…
This document explains a Bitcoin cash and carry trade: buy spot BTC and sell a same-sized futures contract priced above spot. The paired positions are intended to hedge directional exposure and earn the futures premium as it converges toward the index…
The document explains a change to inverse, coin-settled options expiry: an in-the-money option first creates a futures position at the option’s strike, and that future then settles to cash. Out-of-the-money options receive an expiry entry without a futures…
This guide outlines how German tax treatment may differ across private crypto sales, commercial activity, income from staking or lending, token swaps, stablecoins, margin trading, futures, mining, and NFTs. It describes a one-year holding period and an…
Paradigm’s comment on a CFTC rulemaking supports flexible, principles-based regulation of prediction markets. It opposes reviving an economic-purpose test developed for traditional agricultural futures, arguing that applying it to modern event contracts…