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 article explains how derivatives can hedge existing crypto holdings or express views on future prices, and how market data can inform those decisions. It describes monitoring open interest and trading volume for clues about liquidity and changes in…
The support note explains liquidation in terms of account equity and maintenance margin. When positions move against a trader and account equity falls below the required maintenance level, a liquidation event occurs. This links trading losses to the…
This weekly digital asset review combines regulatory and product news with market indicators for Bitcoin, Ethereum, and Solana. It discusses ETF holdings and weekly flows, futures open interest across exchanges, long-short ratios, and funding rates. The…
This guide describes connecting to AX Exchange, a regulated venue for derivatives on traditional asset classes. It outlines perpetual and dated futures, including USD cash settlement, funding payments, contract sizing, margin, and how the adapter maps venue…
The document explains funding payments for Hyperliquid crypto perpetual contracts, which transfer value between longs and shorts to help keep contract prices aligned with spot. The payment direction depends on the premium of the contract relative to an…
This developer overview explains the components used to connect Hummingbot to spot and perpetual exchanges. It describes the exchange or derivative class, authentication, order book and user stream trackers, their data sources, and the order trackers that…
This market snapshot reviews crypto developments around Bitcoin’s reported all-time high and the passage of the GENIUS Act, alongside ETF flows, corporate treasury activity, futures open interest, long-short ratios, and funding rates. It describes a market…
This overview explains how crypto liquidation data may help researchers interpret forced trading in futures, options, and swaps. It describes using the timing and scale of liquidations, long-versus-short liquidation activity, liquidation ranges, volume, and…
The document explains how forced liquidations work in leveraged crypto trading, distinguishing partial closures from full position closures. It illustrates leverage with a Bitcoin futures example and shows how an adverse price move can reduce a trader’s…
The author describes a Binance perpetual futures strategy that used recent trades, order book depth, and current positions to infer short-term direction and place maker orders. In a rising market it opened longs and closed shorts; in a falling market it did…
This integration guide describes a Rust and Python adapter for connecting NautilusTrader to Coinbase Advanced Trade. It covers live market data and order execution for spot products and Coinbase Financial Markets derivatives, including perpetual swaps and…
The document describes reducing directional exposure in a crypto spot portfolio by shorting perpetual futures. A short position with notional value matching the spot holding is presented as an approximately delta-neutral hedge: losses in spot may be offset…
The article reviews how a crypto perpetual-futures funding strategy changed as more traders adopted it. It describes lower positive premiums, less extreme negative premiums during declines, faster-moving entry opportunities that increase slippage, and…
The release notes describe an update to Hummingbot’s hedge strategy. It can hedge multiple assets across multiple exchanges, size hedges by asset amount or quote-currency value, and use either spot or perpetual markets for monitored and hedge legs. The notes…
The document defines the account value and profit-and-loss measures displayed in Hyperliquid portfolio graphs. Account value combines unrealized profit or loss on cross-margin and isolated-margin positions with vault balances. P&L adjusts account value for…
This article explains how leveraged crypto positions can be forcibly closed when margin falls below maintenance requirements. Forced sales from long liquidations can push prices lower and trigger further liquidations, while short liquidations can create…
The document explains how an EVM layer can read current trading and account information from a connected exchange core, including positions, balances, vault equity, staking data, oracle prices, and block height. It describes the consistency guarantee for…
The author describes paying to rent several crypto trading strategies and losing money on most of them. A platform strategy reportedly made money earlier, while a more recent funding rate approach stopped working as futures and spot prices converged. These…
The document explains how an automated trading system handles spot, margin, and futures modes. Spot trading uses unleveraged long positions, while margin borrows capital and futures trade derivative contracts that may incur funding payments. It distinguishes…
This market snapshot examines a broad crypto selloff alongside macroeconomic and policy developments. It tracks spot prices, realized volatility, trading volume, open interest, funding, ETF flows, stablecoin supply, order-book depth, and DeFi liquidations.…
These release notes describe updates to Hummingbot trading infrastructure, including four new perpetual futures connectors and changes to Gateway’s decentralized exchange integration. The connector additions support order and position workflows across…
This tutorial describes a live short-volatility strategy that sells an out-of-the-money BTC call and put on Bybit, then hedges the resulting delta exposure with a BTCUSDT perpetual. It selects strikes by percentile within the nearest-expiry option chain,…
The document introduces a connector for Perpetual Protocol and an automated strategy intended to trade price differences between perpetual contracts and spot markets. It describes comparing perpetual venues, including decentralized and centralized futures…
This digital asset snapshot combines price dispersion, order-book conditions, derivatives positioning, ETF flows, stablecoin movements, and DeFi lending measures to describe crypto market stress. Its central reading is mixed: BTC funding is negative while…