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market structure について公開したすべて — 4 件の記事、新しい順。
- 公開した記事
- 9 分で読了
What a prediction-market order book does that a crypto book does not
A prediction-market book is thin, and depth sits where the price already is. What the spread costs you, and why size at the touch is the number that matters.
- prediction markets
- order flow
- market structure
- 13 分で読了
Crypto funding rates and open interest: the pair, the units, and the plumbing
Crypto funding rates price leverage, open interest counts it. Reading the pair across four venues, why raw rates are not comparable, and what the collection layer decides.
- crypto
- market structure
- positioning
- 8 分で読了
What funding rates say about positioning, and how crowded trades unwind
Funding is the price of leverage, not a forecast. Reading it against open interest, why percentiles beat levels, and the mechanics of a liquidation cascade.
- market structure
- positioning
- crypto
- 9 分で読了
How to read a level-2 order book, and what imbalance really tells you
The arithmetic behind order-flow signals: imbalance windows, the microprice, the four ways displayed depth misleads, and how to sample a book honestly.
- market structure
- order flow
- crypto