Crypto Markets & Data

Crypto as a market — the 24/7 clock, fragmented venues and constructed prices, the perpetual future and its funding rate, and on-chain data with its limits stated honestly.

4 units · 16 lessons · 68 min read · plus hands-on practice, at your pace

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What actually changes when a market never closes?

A Market That Never Closes · 4 min read · practitioner

Start the first lesson

Unit 1 A Market That Never Closes

  1. What actually changes when a market never closes? 4 min
  2. What happens to risk when nothing can be halted? 4 min
  3. Why is the weekend the thinnest part of the crypto week? 4 min
  4. How does crypto volatility compare with other asset classes? 4 min
Practice Check · Unit 1 A short check · cannot be failed Start

Unit 2 Venues & Fragmented Liquidity

  1. What are you actually trading on a centralised exchange versus a DEX? 4 min
  2. Why does the same coin have a different price on every exchange? 4 min
  3. If prices differ everywhere, why doesn't arbitrage close the gap? 4 min
  4. How much of the reported volume is real, and whose number is "the" price? 5 min
Practice Check · Unit 2 A short check · cannot be failed Start

Unit 3 Perpetuals & Funding

  1. What is a perpetual future, and why did crypto invent it? 5 min
  2. What is a funding rate, and why does it exist? 4 min
  3. What do positive and negative funding actually tell you? 4 min
  4. How does one liquidation become a cascade? 5 min
Practice Check · Unit 3 A short check · cannot be failed Start

Unit 4 On-Chain Data and Its Limits

  1. What can you see on-chain that no equity market lets you see? 4 min
  2. What do exchange inflows and outflows actually measure? 4 min
  3. What does realised value claim to know about cost basis? 4 min
  4. Crypto markets and data — course checkpoint 5 min
Practice Check · Unit 4 A short check · cannot be failed Start

Last Course exam

One exam, the whole course Unlocks when you have read all 16 lessons

Passing it earns the course certificate. It also counts toward the Builder track (course 8 of 13): pass every course exam in a track to earn its track certificate.