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
This glossary explains core futures concepts, including long and short positions, leverage, initial and maintenance margin, mark price, funding, and realized versus unrealized profit and loss. It distinguishes USDT-margined and coin-margined contracts and…
The document explains how a cryptocurrency derivatives exchange insurance fund can absorb losses when a forced liquidation executes beyond a position’s bankruptcy price. If liquidation executes at a better price, the remaining margin is added to the fund; if…
The article describes rTokens as tokens designed to track U.S. stocks or exchange-traded funds, with the stated underlying shares held by a broker. Its central concept is capital reuse: a holder may retain stock exposure while using eligible tokens as…
The document explains the main factors behind forced liquidation in Bitget futures: maintenance margin, mark price, position size and tier, margin mode, fees, and funding. It describes a 100% maintenance-margin ratio as the stated trigger for liquidation or…
The document describes Bitget’s USDT-settled perpetual contracts tied to composite indices of tokenized U.S. stocks. Each index may combine tokens from multiple issuers, with components and weights adjusted for trading activity, liquidity, and exceptional…
The article presents BGB’s evolution from an exchange token offering discounts and rewards toward a broader role in trading and blockchain infrastructure. It describes quarterly repurchases and burns funded by a share of Bitget’s operating profits, a large…
The document explains how futures margin supports leveraged positions and distinguishes initial margin from maintenance margin. Initial margin is tied mainly to position value and leverage, while maintenance margin is the threshold for keeping a position…
The document introduces silver as both a precious metal and an industrial input, then compares routes for obtaining price exposure using USDT. These include spot trading in a tokenized silver trust, silver CFDs, and perpetual futures. It explains basic…
This article compares USDT-margined stock perpetual futures with conventional brokerage access to U.S. equities. It describes the derivatives as index-tracking contracts that allow long or short exposure and trading outside standard U.S. market hours. The…
The document explains how stock perpetual contracts can provide exposure to U.S. equities outside regular exchange hours, including weekends and holidays. It contrasts continuous contract trading with the limited schedule of traditional stock markets and…
This guide distinguishes Bitget’s routes to gold and U.S. stock price exposure. Gold is offered through contracts for difference, which allow long or short positions using USDT margin without owning physical metal. The article lists gold pairs against…
The article compares two crypto-platform products that provide exposure to U.S. stock prices: tokenized stocks and USDT-margined perpetual futures. Tokenized stocks are presented as spot-style exposure without leverage by default. Stock perps allow long or…
This weekly market recap covers a sharp decline across major cryptocurrencies, heavy Bitcoin long liquidations, exchange reserve movements, and two stablecoin depegs. It explains that forced liquidation follows a margin shortfall when a trader does not add…
The document explains leveraged trading as using borrowed funds to take a position larger than the trader’s cash balance. Its example compares a $1,000 account trading with and without 2x leverage: a 1% price move produces twice the dollar gain or loss at…
The article explains how traders can limit market impact when executing large TSLAUSDT perpetual futures orders. It recommends measuring the spread and cumulative order-book depth, estimating the full order’s average fill price, setting a slippage limit, and…
This dated market bulletin combines spot-price moves with futures activity for major cryptocurrencies and selected altcoins. It reports daily price ranges and percentage changes, identifies the day’s largest listed gainers and losers, and gives aggregate…
This article compares seven crypto platforms offering some combination of spot margin, futures, and perpetual contracts. Its selection framework emphasizes order-book depth and execution, trading fees and funding or borrowing costs, security, regional…
The guide explains how traders can obtain Tesla price exposure using USDT-margined derivatives on a crypto platform. It distinguishes this exposure from buying TSLA shares: the instruments described are derivatives, so they do not confer voting rights or…
The document explains auto-deleveraging (ADL) as a last-resort futures exchange mechanism for offsetting an insolvent position when liquidation proceeds and an insurance fund cannot cover its deficit. It describes a ranking approach that prioritizes opposing…
The document introduces derivatives as contracts whose value depends on an underlying asset, then outlines crypto options, swaps, dated futures, and perpetual futures. It explains that perpetuals have no expiry and may trade away from spot prices; periodic…
The document explains the difference between spot trading, dated futures, and perpetual futures. Perpetual contracts have no expiry or asset delivery; funding payments help keep their prices near spot by encouraging trades against the price difference. It…
The document discusses Aster, a decentralized perpetual exchange, and the reported postponement of ASTER token unlocks to 2026 and 2035. It argues that delaying the release of tokens may reduce near-term available supply and selling pressure, potentially…
The document discusses how large crypto trades can influence sentiment and liquidity, using a reported leveraged short on PUMP and sales of Solana as examples. It connects the PUMP position to concerns about speculative token launches, where early enthusiasm…
This beginner’s guide compares spot crypto trading with futures, options, and perpetual swaps. It explains that futures set a price and expiration, options give the holder a right to buy or sell at a strike price, and perpetuals have no expiry and use…