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 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 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…
The document introduces Deribit’s multicast market data feed for clients colocated or cross-connected in Equinix LD4. It describes delivery in UDP packets encoded with Simple Binary Encoding, the intended low-latency and bandwidth-conscious design, and the…
This weekly market report interprets crypto derivatives indicators during a strong Ethereum rally. It connects buying through spot Ether exchange-traded funds and corporate treasury purchases with bullish derivatives signals: call options carried a premium…
The review links a sharp crypto market selloff to changing expectations for Federal Reserve policy and weaker U.S. equities. It describes how hawkish comments about inflation, asset purchases, and interest rates coincided with falling option skew, collapsing…
This weekly report reviews crypto derivatives conditions during a market selloff. It tracks BTC and ETH perpetual funding, futures-implied yields, at-the-money implied volatility term structures, and option risk reversals. The narrative links falling spot…
This weekly market recap describes BTC and ETH futures, perpetual funding, options implied volatility, volatility surfaces, and put-call skew. It reports that futures remained above spot while yields trended lower for BTC and stayed broadly steady for ETH.…
This analysis explains how maker-taker pricing works on central limit order books and why a maker rebate is not automatically a profitable alternative to paying taker fees. It illustrates fee drag with a hypothetical daily BTC trading comparison, then argues…
This weekly market recap surveys Bitcoin and Ether derivatives using futures yields, perpetual swap funding, options implied volatility, risk reversals, and volatility surfaces. It reports that short-dated ETH futures recovered from a discount to spot and…
This weekly report interprets BTC and ETH derivatives indicators as showing a shift toward short-term bullish positioning despite slower spot price movement. It highlights positive implied-volatility skew toward out-of-the-money calls across tenors, elevated…
This weekly report surveys Bitcoin and Ether futures yields, perpetual funding, implied volatility, and option skew after a sharp risk-off move. It says front-end volatility declined and derivatives conditions appeared to stabilize, while funding improved…
This weekly market recap reviews Bitcoin and Ether futures, perpetual funding, options, and volatility surfaces. It reports that risk reversals recovered from a strong tilt toward downside protection while outright implied volatility continued to decline.…
This article explains clearing as the management of counterparty risk from trade execution through settlement. It outlines how central counterparties use novation, margin, collateral haircuts, position limits, auctions, and default waterfalls to manage…
This weekly report assesses BTC and ETH derivatives sentiment through futures implied yields, perpetual swap funding, and options volatility measures. It describes an inverted futures yield term structure, with the sharpest rise at the front end, and…
This weekly market recap compares BTC and ETH sentiment using perpetual swap funding, futures prices relative to spot, and options volatility and skew. It finds BTC somewhat stronger in futures and perpetual markets: funding stayed mostly positive and…
This weekly market report describes a sharp correction in Bitcoin and Ethereum and examines how derivatives prices reflect bearish positioning. It highlights short-dated futures trading below spot, persistently negative perpetual swap funding, and options…
This weekly report interprets crypto derivatives indicators for Bitcoin and Ethereum. It describes rising futures-implied yields and perpetual swap funding, alongside higher implied volatility, with the strongest volatility increase at short maturities. The…
The tutorial explains how to use Deribit’s JSON-RPC WebSocket interface for streaming market data and sending exchange requests. It walks through creating API credentials, connecting from Python, and using a test environment before considering live trading.…
This weekly report interprets BTC and ETH futures, perpetual swap funding, and options volatility surfaces in the lead-up to an anticipated ETF announcement. It describes a kink in the at-the-money volatility term structure moving toward shorter expiries,…
The document describes Deribit’s planned expansion of USDC-settled perpetual futures across crypto tokens, listed equities and ETFs, commodities, the COIN50 index, and private-company valuation references. It presents the contracts as instruments for…
This tutorial explains how linked conditional orders can coordinate an entry with profit-taking and stop-loss exits. A one-triggers-other setup holds secondary orders until a primary entry fills. A one-cancels-other link cancels one exit when its counterpart…
This weekly review examines Bitcoin and Ether derivatives after a surge in realised volatility associated with SEC lawsuits against Coinbase and Binance. It compares futures-implied yields and perpetual swap funding with options measures, including…
This weekly market review interprets futures yields, perpetual swap funding, and options volatility and skew for Bitcoin and Ether. It links short-tenor futures yields and a sharp rise in BTC funding to increased demand for leveraged long exposure as BTC…
This weekly commentary interprets Bitcoin options positioning during a sharp price decline in June 2021. It describes short-covering and profit-taking around a major expiry, alongside fund demand for calls at strikes above spot across July, August, and…