Alpha Not Foundopen trading research archive
Mechanism

Market design

The rules of a market, such as interest-rate curves, premiums between venues or rental prices, that look as if they leave money on the table.

Showing 1–3 of 3 experiments

IDExperimentMarketMechanismHorizonResultVerdict
E838Rented Bitcoin hashrate is priced at about what it earns
hashrate-rental, bitcoin-mining, fair-value, compute-markets, daily
Energy & computeMarket design1d6 holdout signal days; 30 neededKILL
E320A hedged funding-rate gap between two venues does not pay
funding-rate, perpetual-futures, cross-venue, hedged-carry, basis
Crypto & DeFiMarket design24h-8.7 bp net, 185 bp impliedKILL
E190Fading a Korean coin premium on global perpetuals loses
premium, korea, funding, perpetuals, event-study, reversion
Crypto & DeFiMarket design4h-24h-130 bp at 4h, funding eats the driftKILL
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