Kris Machowski

Developer in the Crypto/Finance space. Write about technical topics on my blog:

[Kris Machowski @KrisMachowski]

1. 🧵 As we slide deeper into the bear market, it's become clear that there's been a lot of degeneracy when it comes to yield generation.

But what if I told you, you could be your own yield? A thread on basis trading.

[Kris Machowski @KrisMachowski]

@unknown450514 You might like this: https://t.co/bscXhg2OcE

I used this as one of my sources when writing the 3D order book.

[Kris Machowski @KrisMachowski]

Great thread about how funding manipulation works. As usual, lack of liquidity and wide spreads are the underlying cause. In addition, using a robust methodology for calculating the premium is pretty important also.

[Robot James 🤖🏖 @therobotjames]

Let's talk about various manipulative shenanigans that used to go on at FTX.

We'll start with something widespread on sh1tcoin perpetual futures: funding rate manipulation.

If you looked at trades in the trash that FTX listed, you'd see all these min qty trades

What are they?

[Kris Machowski @KrisMachowski]

@surdytrades I'm still taking a look at the binance PR (Christmas), but from what I see Binance works.

[Kris Machowski @KrisMachowski]

@sasuke___420 @PlayStockSlam @therobotjames @KrisAbdelmessih Just saw your PR. Much appreciated, will take a look at it tommorow. I've been thinking that the symbol list should be loaded dynamically which is something that's worth doing.

[Kris Machowski @KrisMachowski]

@surdytrades Let me take a look 👍

[Kris Machowski @KrisMachowski]

I had the pleasure of reading an advanced copy, and Jonathan knocks it out of the park. If you are looking for an in depth guide on how the crypto sausage is made, look no further.

Amazing artwork also 👍

[BitMEX Research @BitMEX_Jon]

[1/6]

📚📚NEW BOOK PUBLISHED📚📚

Reckless: The Story Of Cryptocurrency Interest Rates

https://t.co/fKZWQm32z2

[Kris Machowski @KrisMachowski]

@ThePythonQuant As someone who is not a trader, do you know of any good resources for reading about this se "age old strategies"?

[Kris Machowski @KrisMachowski]

Got alerted that the SSL cert for the https://t.co/GN7bMs2jnv backend ran out. Turns out PM2 writes a shit ton of logs and doesn't have log-rotate on by default. Basically ate the whole disk.

Lesson learned.

[Kris Machowski @KrisMachowski]

@tienne_e I use Sony WH1000XM4 headphones (the big ones). Big fan, very durable and noise canceling works well. Package comes with the special sockets that work in planes also. They have the XM5's now but I'm not blown away by them tbh, and they don't fold up.

[Kris Machowski @KrisMachowski]

@quant_arb @chrischi101 Curious why you don't rate JS for this type of work. I agree compared to rust etc it's not ideal, but I wouldn't say it's much different from python. If using Typescript it's actually quite good Imo, Espc for defi integration.

[Kris Machowski @KrisMachowski]

Friend of mine is starting a blog about space exploration. Check it out: https://t.co/X3A7jpusbR

[Stat Arb @quant_arb]

For those looking to understand microstructure better have a look at the binance 0 fee orderbook. Record some data. How does it react to large orders? What’s the distribution? Time of day? The zeros fees really expose the microstructure. Great learning example!

[Kris Machowski @KrisMachowski]

@ZigsOnTheBid @tradeparadigm Glad you liked it 👍

[Kris Machowski @KrisMachowski]

@tradeparadigm 6. This makes doing basis trades (and other multi-leg trades) significantly simpler, and less riskier to trade. @tradeparadigm offers a service that allows you to execute block trades for a variety of multi-leg products, across a range of venues. Check them out!

[Kris Machowski @KrisMachowski]

@tradeparadigm 5. Alternatively, you can carry out a "block trade". This is a special type of trade where you can execute trades for several instruments at once. These trades are "atomic", meaning that either all the legs execute, or none of them do!