学习中心
资金费率机制、基差、盈亏平衡计算、交易时段错配，以及执行与对冲风险——先从五篇重点讲解开始。
When funding profit differs from total trade profit
Two P&L numbers appear on every trade this research publishes, and they can disagree by a lot.
How we test entry and exit rules without live capital
Paper trading isn't a lesser version of real trading — it's how rule bugs get found before they cost real money.
What happens when the perp closes before the hedge
The perp trades 24/7. The hedge doesn't. That mismatch is this strategy's single biggest structural risk.
Why a day with no qualifying opportunities is still useful
A research process that finds nothing to do on most days is behaving correctly, not failing.
Why high funding alone is insufficient
A single scary-looking funding print is not a trade. Here's what else has to be true first.