Harry

Developer

[jeff.hl @chameleon_jeff]

2/ First up, some definitions. Assuming you know how perps work, here are the three flavors.

A linear perp is most common, e.g. BTCUSDT on Binance.

Pnl is linear in the trade price, denominated in the collateral (e.g. USDT):

pnl = side * size * (exit_price - entry_price)

[jeff.hl @chameleon_jeff]

1/ Quanto perp funding rates came up during some DEX margining discussions recently.

My mind naturally wandered to quant trading. I'm always excited to apply HFT ideas to mid frequency strategies.

Alas, I don't have time to explore it these days, but here are the ideas 🧵

[Harry @Harry_Thoi]

@TheShortBear .

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