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Ethan Brooks

Covers futures, options and funding rates: what trader positioning shows and where the market may turn.

Derivatives and options

Covers futures, options and funding rates: what trader positioning shows and where the market may turn.

Funding rate in crypto: how it works and how to read it
ArticleDerivatives

Funding rate in crypto: how it works and how to read it

What the funding rate is on perpetual futures, who pays whom, how Binance's 8-hour interval differs from hourly Hyperliquid and how to annualize funding.

Ethan BrooksOctober 6, 2026
Bitcoin max pain: what it is and how to read it before expiry
ArticleDerivatives

Bitcoin max pain: what it is and how to read it before expiry

What max pain means in Bitcoin options, how to calculate it from Deribit open interest, when expiry happens and why price often never reaches the level.

Ethan BrooksOctober 6, 2026