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GUIDES

Crypto microstructure, explained.

How the signals actually trade — order flow, liquidation cascades, funding, regime — and why point-in-time, leak-free data is the difference between a backtest that holds and one that lies.

PLAYBOOK · 6 min read

Trading the Polymarket BTC Up/Down Binary With Minute-Resolution Microstructure

How to read the Polymarket BTC up/down binary with leak-free microstructure features served at minute cadence — order flow, liquidations, funding and the YES book — and why leak-free is non-negotiable.

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HORIZONS · 6 min read

The BTC 5-Minute Window: Why m5 Is Its Own Horizon

At five minutes, BTC is all microstructure: order flow, book lean, tape speed and seconds to expiry — not macro. Why m5 binaries need second-scale, point-in-time features.

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PRICE DISCOVERY · 7 min read

Kyle's Lambda and Price Impact: Measuring What Your Size Will Cost

Kyle's lambda measures how much price moves per unit of signed flow — illiquidity as a number. Using kyle_lambda, amihud_illiq and roll_spread intraday, point-in-time.

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MICROSTRUCTURE · 6 min read

Microprice vs Mid: A Better Short-Term Fair Value

The midpoint ignores size. The microprice weights bid and ask by opposite-side depth and leans where the mid goes next. How to read microprice_dev, leak-free.

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POSITIONING · 6 min read

Open Interest Divergence: When Price Moves and Positioning Doesn't

Open interest divergence — price pushing to an extreme while OI drains — separates fresh conviction from short covering. How to read price vs OI, point-in-time.

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PRODUCT · 7 min read

A Polymarket Data API for Crypto Binary Options

A Polymarket data API with point-in-time, leak-free signals for crypto binary options — pm_microprice, pm_spread, plus crossing spot flow.

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MICROSTRUCTURE · 7 min read

VPIN and Toxic Order Flow in Crypto: A Practical Guide

Understand VPIN crypto and toxic order flow: how flow toxicity spikes ahead of volatility, and how to serve flow.vpin point-in-time as a regime filter.

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POSITIONING · 7 min read

Funding Rates as a Directional Signal: Reading Crowd Positioning Without Look-Ahead

A practical funding rate trading strategy guide: read perpetual funding, cross-venue dispersion and open interest to gauge crowd positioning, point-in-time.

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METHOD · 7 min read

Leak-Free Backtesting: How to Kill Look-Ahead Bias

Leak-free backtesting starts with point-in-time data. Learn how look-ahead and revision leaks kill live performance and how to resolve features at ts <= as_of.

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MICROSTRUCTURE · 7 min read

Order Flow Imbalance (OFI): Why Aggressive Flow Leads Price

Order flow imbalance measures aggressive buy vs sell pressure at the book and front-runs short-term crypto price. Learn OFI from first principles, leak-free.

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PLAYBOOK · 6 min read

Trading the post-liquidation-cascade reversal

When over-levered longs get force-sold, price tends to snap back within the hour. Here is the exact leak-free signal set to catch the reversal on the BTC hourly binary.

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