education
8 articles on education.
fund-management · non-custodial · emerging-managers
Running Money for Friends Without Taking Their MoneyIt starts the same way every time: you trade well, a friend notices, and one dinner later you're informally running someone else's money. Done the default way — their coins in your wallet — it's a friendship-ending liability. Done right, you never touch their money at all.
The Fluxy Team ·
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 ·
data-quality · backtesting · data-engineering
Reading a Data-Quality Report: The Numbers Behind the NumbersEvery backtest report we produce ships with a second report almost nobody reads: the data-quality section. It's the one that tells you whether the first report means anything. Here's how to read it, and the thresholds where a beautiful equity curve should go in the bin.
The Fluxy Team ·
position-sizing · risk-management · education
Five Position-Sizing Mistakes That Kill Crypto AccountsAutopsies of blown-up trading accounts almost never find a bad signal. They find good-enough signals sized so badly that one ordinary tail event ended the account. Here are the five sizing mistakes we see most, and what disciplined sizing does differently.
The Fluxy Team ·
fees · high-water-mark · fund-operations
A High-Water Mark, Worked to the PennyEveryone can recite what a high-water mark is. Far fewer can compute one through a drawdown, a mid-period deposit, and a recovery without making the classic mistake that overcharges the investor. Here's the whole calculation, one number at a time.
The Fluxy Team ·
non-custodial · security · education
What "Non-Custodial" Actually Means in Automated Crypto TradingAfter every exchange collapse, the same lesson gets re-learned at terrible expense: the risk wasn't the trading, it was the custody. 'Non-custodial' automation means your capital never leaves your own exchange account — and knowing how to verify that claim is the first skill of automated trading.
The Fluxy Team ·
security · api-keys · exchanges
Trade-Only API Keys: Connecting a Bot Without Handing Over Your MoneyThe single most important checkbox in automated trading is the one you leave unticked: withdrawals. A properly scoped API key lets a bot trade your account but never move a coin out of it — which converts the worst case from 'funds gone' to 'bad trades you can see and stop.'
The Fluxy Team ·
funding-rates · perpetuals · crypto
Funding Rates: The Crypto-Native Yield Hiding in Plain SightEvery few hours, enormous sums change hands between longs and shorts on crypto perpetual futures. That flow is called funding, and it's one of the most distinctive sources of return in all of crypto — a yield with no equivalent in traditional markets. Here's what funding is, why it exists, and why a fund that ignores it is leaving a whole asset class of strategy on the table.
The Fluxy Team ·