Crypto Derivatives: Perps, Funding and Liquidations

Most Bitcoin volume trades in perpetual futures. This course teaches leverage, funding, open interest, liquidations and ADL with simple math and the October 10, 2025 event; the focus is understanding and risk control, not encouraging leveraged trading.

9 lessons · free · beginner to advanced

1. Crypto Leverage Explained: Margin Math That Burns AccountsIntermediate
2. Perpetual Futures Explained: Mark, Index and Last PriceIntermediate
3. Crypto Funding Rate: Meaning, Calculation, Common MistakesIntermediate
4. Open Interest Crypto: The Four Price and OI RegimesIntermediate
5. How to Avoid Liquidation: Insurance Funds, ADL, Oct 10Intermediate
6. Liquidation Heatmap: What It Shows and What It Doesn'tAdvanced
7. Bitcoin Basis Trade: CME Futures, Contango and ETFsAdvanced
8. Bitcoin Options Max Pain: Calls, Puts and IV ExplainedAdvanced
9. Crypto Futures Risk Management: Position Sizing and StopsIntermediate

Start the course Free order flow course

Education only, not a recommendation to buy or sell; we never give signals. Price examples are illustrative. Test any method on a demo account first, with strict risk management.