Trading concepts, explained · 3 MIN
Perpetual futures funding rates, explained
What a funding rate is, why perpetual futures have one, who pays whom, and how to calculate the cost of funding on a position, with worked examples.
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Trading concepts, explained
Order types, derivatives and market mechanics in plain English. Information, not advice.
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Trading concepts, explained · 4 MIN
How to read an order book: bids, asks, spread and depth
How to read a crypto order book: bids, asks, the spread, mid price and depth, with an illustrative book, worked calculations and what depth means for size.
Trading concepts, explained · 4 MIN
Isolated vs cross margin, explained with examples
How isolated and cross margin work on perpetual futures, how a loss on one position affects each mode, and the trade-offs between them, with a worked example.
Trading concepts, explained · 3 MIN
Leverage, margin and liquidation explained, with examples
How leverage, initial margin, maintenance margin and liquidation price fit together on perpetual futures, with a worked calculation and common mistakes.
Trading concepts, explained · 5 MIN
Liquidation cascades explained: how forced selling feeds itself
How forced liquidations can push price into further liquidations, why thin books and high leverage matter, and how cascades show in open interest.
Trading concepts, explained · 4 MIN
Long vs short positions explained, with P&L examples
What going long and going short mean in spot and derivatives trading, how profit and loss is calculated each way, and why short losses have no ceiling.
Trading concepts, explained · 4 MIN
Maker vs taker fees, explained with examples
What maker and taker fees are, why they differ, how to calculate a trading fee on notional value, and how post-only orders work, with worked examples.
Trading concepts, explained · 4 MIN
Mark price vs last price vs index price, explained
What last price, index price and mark price mean on a perpetual futures contract, and why venues use mark price for liquidation, with a worked example.
Trading concepts, explained · 3 MIN
Market, limit, stop and stop-limit orders explained
How market, limit, stop-market and stop-limit orders work, when each fills, and what can go wrong, with worked examples and a side-by-side comparison.
Trading concepts, explained · 3 MIN
Open interest explained: what it is and how it differs from volume
Open interest counts the derivative contracts still open. How it changes with each trade, how it differs from volume, and how traders read it alongside price.
Trading concepts, explained · 4 MIN
Slippage explained: why fills differ from the quoted price
What slippage is, what causes it, how to calculate average fill price and slippage percentage from an order book, and the ways traders limit it.
Trading concepts, explained · 4 MIN
Spot vs futures vs perpetuals: how they differ
How spot trading, dated futures and perpetual futures differ on ownership, expiry, leverage, funding and settlement, with a comparison table and worked example.
Trading concepts, explained · 4 MIN
Stablecoin pairs explained: USDT and USDC quote currencies
What a quote currency is, how USDT and USDC trading pairs work, why the same coin shows slightly different prices in each, and how to convert between them.
Trading concepts, explained · 5 MIN
Take-profit and stop-loss orders on perpetuals
How take-profit and stop-loss orders work on perpetual futures, mark vs last price triggers, reduce-only, and the P&L at each level in a worked example.
Trading concepts, explained · 4 MIN
Time in force explained: GTC, IOC, FOK and post-only
How time-in-force settings control how long an order stays live, with GTC, IOC, FOK, post-only and GTD worked against a sample order book.
Trading concepts, explained · 4 MIN
What are perpetual futures? A plain guide to perps
What perpetual futures are, how they differ from dated futures, and how funding, leverage and mark price work, with a worked profit and loss example.
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