basis trading
3 articles on basis trading.
funding-rates · basis-trading · perpetuals
Anatomy of a Funding-Rate Trade: One Cycle Inside a Carry BookEveryone quotes funding-arb returns; almost nobody walks through a single trade end to end. Here's one full cycle of a delta-neutral carry position — the sizing, the two entries, what every settlement actually pays, the mid-life basis wobble that scares people out, and the exit arithmetic.
The Fluxy Team ·
funding-rates · perpetuals · data-study
The Funding Rate Almanac: What Five Years of Perp Carry Actually PaidWe took every settlement-level funding print in our market database — 80,000 of them across Binance, Hyperliquid, and KuCoin since 2019 — and measured what collecting perp funding actually paid. The answer: a real but violently regime-dependent yield, and a persistent cross-venue gap that most carry traders are leaving on the table.
The Fluxy Team ·
backtesting · funding · perpetuals
Funding Carry Is a First-Class Citizen: Backtesting Perp Basis Without HacksIf your backtester ignores funding, every carry, basis, and delta-neutral strategy you test is a fiction. Our engine charges funding at each venue's real settlement times, on live mark notional — so a Binance 8h feed and a Hyperliquid 1h feed are both charged correctly in the same study.
The Fluxy Team ·