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Clear guides to trading, market mechanics, and managing risk—from the basics to the details.
Spot vs perpetual futures: what’s the difference?
Compare spot ownership with perpetual price exposure. See how collateral, funding, liquidation, and expiry work through a simple Bitcoin example.
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What is a perp DEX?
Learn what a perp DEX does, how perpetual positions work, and why custody, matching, settlement, funding, and margin differ between venues.
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Market vs limit orders: price, fills, and fees
Compare market and limit orders with a worked example. Understand price control, partial fills, maker and taker fees, and how N1 handles execution.
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Funding rates explained
Understand who pays funding, how to calculate a payment, why rates change, and how N1 applies its hourly funding formula.
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Cross margin vs isolated margin
Compare shared and position-specific collateral, see a cross-margin example, and understand how margin additions and account rules affect risk.
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How liquidation works in perpetual futures
Learn why perpetual positions can be liquidated before collateral reaches zero, with a worked margin example and an explanation of N1 account health.
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All articles
Spot vs perpetual futures: what’s the difference?
Compare spot ownership with perpetual price exposure. See how collateral, funding, liquidation, and expiry work through a simple Bitcoin example.
Read the guideWhat is a perp DEX?
Learn what a perp DEX does, how perpetual positions work, and why custody, matching, settlement, funding, and margin differ between venues.
Read the guideMarket vs limit orders: price, fills, and fees
Compare market and limit orders with a worked example. Understand price control, partial fills, maker and taker fees, and how N1 handles execution.
Read the guideFunding rates explained
Understand who pays funding, how to calculate a payment, why rates change, and how N1 applies its hourly funding formula.
Read the guideCross margin vs isolated margin
Compare shared and position-specific collateral, see a cross-margin example, and understand how margin additions and account rules affect risk.
Read the guideHow liquidation works in perpetual futures
Learn why perpetual positions can be liquidated before collateral reaches zero, with a worked margin example and an explanation of N1 account health.
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The all-in cost of a trade
Calculate a perpetual trade’s execution costs, fees, funding, and exit costs with a worked example, separate from market-price profit or loss.
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What is a trading card index? Understanding TCGX
Learn how a trading card index measures a selected basket, how TCGX works, and how index exposure differs from buying, selling, or swapping cards.
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How to buy, sell, and trade Pokémon cards
Compare physical Pokémon card transactions with trading TCGX index exposure, then explore how each route works and where to use it.
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How to buy, sell, and trade One Piece cards
Explore physical One Piece card transactions and broader TCGX index trading, with their different exposure, costs, and practical steps.
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Why do trading card prices rise and fall?
Explore how supply, demand, condition, and price evidence affect trading card markets, and why individual cards can move differently from an index.
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How reprints affect trading card supply and prices
Understand how reprints change card availability, why printings may not be substitutes, and why extra supply does not determine a price.
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Trading card prices explained: asking price vs sold price
Distinguish trading card listings, completed sales, buyer offers, price guides, and net proceeds with simple worked examples.
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What is market liquidity, and why does it matter?
Learn how spread, depth, trade size, and changing quotes affect market liquidity—and why a displayed price does not guarantee a fill.
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What is price discovery? How markets find a price
Understand how buyers and sellers establish transaction prices, why venues can differ, and how price references differ from executable offers.
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What is open interest in futures trading?
Understand open interest, how it differs from volume and collateral, how positions change it, and what dollar notional can—and cannot—show.
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Index price vs mark price: what's the difference?
Compare index, mark, and execution prices. Learn which prices N1 uses for margin, liquidation, TP/SL activation, unrealized PnL, and funding.
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Bid–ask spread explained: what it tells you about a market
Learn how to calculate the bid–ask spread, interpret it alongside depth, and distinguish it from fees, slippage, and total trading costs.
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What is hedging? How traders offset market exposure
Understand offsetting market exposure through worked examples, including basis risk, funding, collateral, and the limits of an imperfect hedge.
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How to invest in Pokémon cards: ownership, index exposure, and risks
Compare owning Pokémon cards with trading broader TCGX index exposure, including how each route works, its costs, and its risks.
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Can you short Pokémon cards? Understanding card-market exposure
Explore short exposure to trading-card prices through TCGX, how it differs from selling Pokémon cards, and the risks of a multi-game index.
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How to short Bitcoin: methods, costs, and risks
Compare Bitcoin shorting methods, follow a worked perpetual example, and understand closing trades, funding, collateral, and liquidation.
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Long vs short positions: how each works
Compare long and short exposure with worked examples. Learn when buying or selling opens, reduces, closes, or reverses a position.
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Stop-loss vs stop-limit orders: what's the difference?
Compare stop triggers and execution limits, work through buy and sell examples, and understand why activation does not guarantee an exit.
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What are perpetual futures? A beginner's guide
Learn how perpetual futures work, from opening and closing a position to funding, collateral, and the difference between contracts and ownership.
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What is leverage in trading? Examples of 2x, 5x, and 10x
Learn how leverage relates position size to equity, compare 2x, 5x, and 10x examples, and see why collateral differs from dollar exposure.
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How to read an order book: bids, asks, and market depth
Learn to read bids, asks, spreads, and market depth with a worked order-book example, and understand what displayed liquidity cannot tell you.
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Position sizing: how to calculate trade size and risk
Use a worked position-sizing formula to connect trade size, stop distance, and planned risk, with the limits of leverage and stop-loss protection.
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What is slippage in trading? Execution prices explained
Understand slippage with buy and sell examples, learn how to measure it, and separate execution-price differences from spreads and trading fees.
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