The Shadow Engine of Markets: Understanding Derivatives, Perpetuals, Futures, and Options
Futures, perpetual swaps and exchange-traded funds all lean on the price they follow. A reference guide to the machinery: the futures curve and basis, funding, mark price and the liquidation engine, creation and redemption, and a case study of 12 and 13 March 2020.
SFSayed Hamid Fatimi
24 min read