Athenum Analytics
Perpetual Swaps vs Dated Futures: The Real Differences
A mechanics-first comparison of perpetual swaps and dated futures: settlement, how each tracks spot, the cost of carry through funding versus basis, liquidity, and when each instrument fits.
Athenum Analytics
How to Choose a Crypto Derivatives Analytics Tool in 2026 (Free Options Compared)
A fair, mechanics-first guide to choosing a crypto derivatives analytics tool: what Coinglass, Velo, Coinalyze, Hyblock, Laevitas, Tensorcharts and Aggr each do well, the trade-offs, and how to match a tool to what you actually trade.
Athenum Analytics
Insurance Funds and Auto-Deleveraging (ADL) in Crypto Futures, Explained
How exchange insurance funds absorb liquidation shortfalls, what auto-deleveraging (ADL) is, how the ADL queue ranks traders, and why winning positions on thin contracts carry hidden close-out risk.
Athenum Analytics
Basis and Contango in Crypto Futures, Explained
What basis and contango mean in crypto futures, how to annualize basis, the cash-and-carry trade that anchors it, what steep, flat, and negative basis signal, and how dated-futures basis differs from perpetual funding.
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How Crypto Perpetual Funding Rates Are Actually Calculated
How crypto perpetual funding is actually calculated: the premium and interest components, the clamp, the funding interval, why funding is paid peer to peer between longs and shorts, and why the same asset shows different funding across exchanges.
Athenum Analytics
Cumulative Volume Delta (CVD) in Crypto, Explained
What cumulative volume delta measures, how it is built from the aggressor-tagged trade tape, how to read CVD-versus-price divergence for absorption and exhaustion, its venue-dependent limits, and why aggregating across exchanges matters.
Athenum Analytics
Max Pain in Crypto Options: What It Is and How to Use It
What max pain means in crypto options, how it is computed from open interest, the theory that price gravitates toward it near expiry, and the honest caveats.
Athenum Analytics
Mark-Preis vs. Index-Preis vs. Last-Preis: Warum deine Liquidation genau dort auslöst
Krypto-Derivatebörsen führen drei Preise gleichzeitig, und derjenige, der deine Margin auflöst, ist fast nie der, der die Kerzen malt. Wer versteht, welcher Preis was steuert, liest den Markt richtig.
Athenum Analytics
Wie Liquidationskaskaden bei Krypto-Futures entstehen (und wie man das Risiko liest)
Eine Liquidationskaskade verwandelt eine gewöhnliche Kursbewegung in eine heftige. Dieser Leitfaden erklärt die Mechanik aus Margin, Mark-Preis und Liquidations-Engine und zeigt, wie sich das Risiko im Voraus lesen lässt.
Athenum Analytics
Open Interest in Crypto Futures, Explained (With a Live Read of BTC, ETH and SOL)
What open interest is, the four open-interest-versus-price scenarios, why aggregating across exchanges matters, and a live read of BTC, ETH and SOL.
Athenum Analytics
How to Read the Crypto Long/Short Ratio (and What Today's BTC, ETH and SOL Positioning Shows)
What the long/short ratio actually measures, how to read values above and below 1, the contrarian caveat, and a live read of BTC, ETH and SOL positioning.
Athenum Analytics
Crypto Derivatives Glossary: Perpetual Futures Terms Explained
A neutral, accurate reference glossary of crypto perpetual-futures and derivatives terms: funding rate, open interest, liquidation, basis, CVD, mark price, max pain, and more.
Athenum Analytics