Derivatives, Funding & Liquidations
Understand perpetuals, leverage, margin, open interest, funding and liquidation before treating derivative data as a signal.
Free course · Advanced · 24 min
Derivatives, Funding & Liquidations
Understand perpetuals, leverage, margin, open interest, funding and liquidation before treating derivative data as a signal.
Lesson 1 of 2 · 12 min
OBJECTIVE
Perpetuals, margin and liquidation
Perpetual futures create leveraged exposure without owning spot. Margin is collateral; liquidation can close positions when collateral becomes insufficient.
LEARNING VISUAL
Learning diagram: Perpetuals, margin and liquidation
Concrete example
At 10× leverage, a roughly 10% adverse move can be catastrophic before venue-specific details and fees.
Practical checklist
- Know margin mode
- Know mark/liquidation mechanics
- Model fees/funding
Mini quiz
What does leverage reliably amplify?
Answer the mini quiz correctly to validate this lesson and continue.
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