Crypto Trading Deep Dive
Funding, Margin, and Liquidation
Microstructure, order books, perps, funding, and algorithmic execution.
Бұл сабақта
- How funding and margin work
- When liquidation happens
Негізгі тұжырымдар
- 1Funding transfers value between longs and shorts
- 2Liquidation triggers when margin can't cover losses
- 3Mark price, not last price, drives liquidations
Сабақ қорытындысы
Funding, margin, and liquidation define the economics of leveraged perp trading.
Mental model
Getting funding, margin, and liquidation straight
Funding, margin, and liquidation define the economics of leveraged perp trading. They decide whether a position can survive normal market movement.
- How funding and margin work
- When liquidation happens
Mechanics
How to reason about funding, margin, and liquidation
Margin is collateral supporting the position.
Funding transfers value between longs and shorts at scheduled intervals.
Liquidation occurs when equity falls below maintenance requirements.
- Funding transfers value between longs and shorts
- Liquidation triggers when margin can't cover losses
- Mark price, not last price, drives liquidations
Example
A concrete funding, margin, and liquidation example
A trader long with high leverage can be liquidated by a small adverse move even if the broader thesis later proves right.
Common mistakes
How funding, margin, and liquidation trips learners up
Many traders focus on entry direction and ignore funding cost, mark price, and how close liquidation sits.
Risk notes
What can go wrong with funding, margin, and liquidation
Funding can become expensive, volatility can widen mark-price moves, and forced liquidations can cascade through the market.
- Calculate liquidation distance.
- Check current and expected funding.
- Keep margin buffer for volatility.
Practice
Put funding, margin, and liquidation to work
- Calculate liquidation distance.
- Check current and expected funding.
- Keep margin buffer for volatility.
Қайталау
Негізгі терминдер
- Leverage
- Borrowed capital used to amplify a position — magnifying both gains and losses.
- Liquidation
- Forced closure of a leveraged position when margin can no longer cover its losses.
- Margin
- Collateral posted to open and maintain a leveraged position.
- Volatility
- How sharply a price swings over time — higher volatility means higher risk and opportunity.
- Collateral
- Assets locked to back a loan or position.
Дерек көздері
Редакциялық сілтемелер
Бұл сілтемелер осы сабақтың артындағы механизмдерді, тәуекел тексерулерін және өнім контекстін растау үшін бастапқы нүктелер болып табылады.
Жалғастырмас бұрын
Мұны орындай аласыз ба?
- Calculate liquidation distance.
- Check current and expected funding.
- Keep margin buffer for volatility.
Байланысты оқу материалдары
Оқуды жалғастыру
Checkpoint
Бұл сабақты аяқтау
Прогресті сақтау үшін тексеруден өтіңіз, содан кейін жолды ретпен жалғастырыңыз.
Бұл сабақты бекіту
Сабақты аяқтау үшін барлық сұрақтарға дұрыс жауап беріңіз.
Liquidation occurs when…