Trading & derivatives
Order types, perpetuals, funding, open interest and liquidations, explained.
- 01Order types explained: market, limit, stop and the ones in betweenbeginnerEvery trade begins with a choice of order type, and the choice decides whether you pay for speed or for price. This lesson covers the four you need, what each one does inside the order book, and the mistakes each one invites.5 min read
- 02Perpetual futures: the contract behind most of crypto's volumeintermediateMore dollars change hands in perpetual futures than in the spot market they track. This lesson explains what a perp is, how it stays tied to the spot price without ever expiring, and why leverage makes it the market's main source of violence.4 min read
- 03Funding rate and open interest: reading a crowded tradeintermediatePrice tells you where the market is. Funding and open interest tell you how many people are leaning on it, and in which direction. Together they are the best early warning of a violent unwind.5 min read
- 04Liquidations: how a 3% move becomes a 15% crashintermediateA liquidation is the exchange closing a leveraged position because its margin ran out. One is harmless. Thousands at the same price level, each one pushing the price into the next, is how crypto produces its trademark vertical candles.4 min read
