What a spot ETF actually changes
The plumbing behind the ticker, and why creation and redemption is the part that matters.
4 guides
MEV, explained without the jargon
Why a bot captured $7.7M this morning, and who actually paid for it.
Order books vs. AMMs: two ways to get a price
One matches you with another trader. The other prices you against a formula and a pool of funds.
What a funding rate actually pays you — or costs you
A perpetual futures contract never expires, so it needs a different way to stay anchored to the spot price.