FX
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Learning PathsIntermediate6 hours12 lessons

Crypto & Derivatives

Perpetuals, funding, liquidations and custody — the mechanics behind 24/7 leveraged crypto markets.

Who this path is for

FX or index traders moving into crypto, and crypto spot holders adding leverage.

What you will be able to do

  • Understand perpetual pricing, funding and basis
  • Size positions around liquidation levels
  • Assess exchange, stablecoin and custody risk
  • Place trades inside the broader cycle context

Curriculum

modules 1

Market plumbing

Where crypto liquidity actually lives.

  1. 01Crypto Market Structure BasicsCrypto trades 24/7 across fragmented venues with no central tape. Here's how that fragmentation shapes price discovery and liquidity.Crypto TradingBeginner7 min read
  2. 02Centralized vs. Decentralized ExchangesCEXs offer speed and deep books; DEXs offer self-custody and censorship resistance. Trading each requires a different risk mindset.Crypto TradingBeginner8 min read
  3. 03Crypto Trading Basics24/7 markets, no central authority, and volatility that dwarfs traditional assets — crypto trading has its own rulebook.Markets: Indices, Commodities & CryptoBeginner6 min read
modules 2

Leverage instruments

Perps are not spot with a multiplier.

  1. 04Perpetual Futures ExplainedNo expiry, funding instead of a settlement price — perpetual swaps are crypto's dominant trading instrument. Here's how they actually work.Crypto TradingIntermediate8 min read
  2. 05Funding Rates and Basis TradingFunding rates and futures basis reveal crowd positioning and open up market-neutral yield strategies used by professional desks.Crypto TradingAdvanced9 min read
  3. 06Liquidations and Leverage RiskCrypto's leverage cascades can move price 10% in minutes. Understanding liquidation mechanics is essential before touching margin.Crypto TradingIntermediate8 min read
modules 3

Cycle and flow

Context that spot charts hide.

  1. 07Bitcoin Halving and Market CyclesEvery four years, Bitcoin's issuance rate is cut in half. The market has historically moved in identifiable phases around this event.Crypto TradingIntermediate8 min read
  2. 08Altcoin Rotation and LiquidityCapital moves from Bitcoin to Ethereum to altcoins in recognizable waves — and understanding liquidity tiers explains why.Crypto TradingIntermediate8 min read
  3. 09On-Chain Metrics for TradersThe blockchain is a public ledger of every transaction. On-chain metrics turn that transparency into a genuine analytical edge.Crypto TradingAdvanced9 min read
  4. 10Bitcoin vs Altcoins: Behavioral DifferencesBitcoin sets the tone for the entire crypto market — altcoins amplify its moves, for better and much worse.Markets: Indices, Commodities & CryptoIntermediate6 min read
modules 4

Counterparty and custody

The risks that are not on the chart.

  1. 11Stablecoins and Counterparty RiskNot all 'stable' coins are equal. Understanding collateral models is the difference between a cash equivalent and a hidden risk.Crypto TradingIntermediate7 min read
  2. 12Wallet Security and Self-CustodySelf-custody removes exchange counterparty risk but transfers full responsibility for security to you. Most losses are preventable.Crypto TradingBeginner9 min read
Practice it

Practise this path on live markets

Theory sticks when you apply it. Run the setups from this path through CURIO's analysis, journal and backtest engine.

  • Backtest the strategy on historical data
  • Journal with excuse tags & streaks
  • Certificates for completed paths from Pro
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