Advanced Topics
MEV, arbitrage, market making, and derivatives structure.
10 chapters · 1.3 hr total
- 01
MEV Explained: The Invisible Tax You Pay on Every On-Chain Trade
Maximal Extractable Value is the profit bots make by reordering, inserting, or front-running your transactions. Understanding it is what stops you from being silently extracted from.
8 min read
- 02
Arbitrage Strategies: How Pros Make Money From Price Differences
Arbitrage is profiting from price differences for the same asset across venues. Most are gone, captured by bots, but some forms remain accessible to disciplined retail.
7 min read
- 03
Market Making Basics: How Liquidity Providers Earn (and Why It's Hard)
Market makers post bids and asks and earn the spread. Done at scale, it's a real business. At retail scale, it's mostly a way to learn how books work, and why most retail can't compete.
8 min read
- 04
Perpetual Basis Trading: Earning Yield Without Directional Exposure
Long spot, short perp. Capture the funding rate. Net price exposure: zero. It's the most accessible real arbitrage strategy for retail, done well, it's reliable yield.
8 min read
- 05
Crypto Options Basics: Calls, Puts, and the One Strategy That Actually Pays Retail
Options are the most flexible derivative, and the easiest place to lose money fast. Understanding the basics tells you when they're useful and when to avoid them.
8 min read
- 06
DeFi Yield Strategies: Real Yield, Fake Yield, and the Difference
DeFi promises double-digit yields on crypto. Most of those yields are unsustainable token emissions. Knowing real yield from fake protects you from the slow drain of yield mirages.
8 min read
- 07
Cross-Chain Arbitrage: How It Works and Why It's Mostly Inaccessible
Same asset trades at different prices on different blockchains. Bridging captures the spread, but bridging risks and bot competition leave most opportunities to specialists.
7 min read
- 08
Liquidations as a Trading Signal: Reading the Cascades That Move Markets
Liquidation cascades drive most violent crypto moves. Reading the liquidation landscape, and trading around it, is one of the cleanest tactical edges available.
7 min read
- 09
Crypto Derivatives Structure: Linear, Inverse, Quanto, and What Each Actually Costs You
Crypto derivatives have multiple settlement structures with different PnL math. Knowing which you're trading, and why, prevents the surprises that hurt new derivatives traders.
7 min read
- 10
Crypto Regulatory Landscape: What Traders Actually Need to Know
Regulation moves crypto markets and constrains who can do what. The general principles matter for every trader, even those who never want to think about regulation.
7 min read