All posts in June 2025

Wow, this market moves fast. I got into perpetuals because I wanted low slippage and deep books. At first glance centralized venues seem unbeatable on price and speed. My first impression was that order routing would handle everything. But digging into real-world sessions and stress tests, you see limits emerge when order flow spikes and…

Whoa! This whole perpetuals thing can feel like standing on a moving train. My first impression was: crazy fast. But then I dug into the guts and realized there’s method to the madness—mechanical rules, incentives, and brinksmanship. Initially I thought it was just futures without expiry, but actually, wait—there’s much more nuance when you push…