PARAGON

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If you're new to crypto derivatives, this is the fastest path to build real understanding without blowing up on leverage. Five short reads, in order.

Step 1 — Leverage basics

How Leverage Works in Crypto Futures

Understand liquidation thresholds, margin, and why small moves matter when you're leveraged.

Step 2 — Funding & carry

Funding Rates Explained

Learn what funding is paying for, what “crowded” looks like, and why funding can flip fast.

Step 3 — Position sizing

How to Size a Crypto Futures Position

Size first, then trade. Define invalidation and risk before you pick entries.

Step 4 — Risk discipline

Risk Management for Crypto Traders

Stop-loss logic, risk budgeting, and the habits that keep you in the game.

Step 5 — Liquidation mechanics

How Liquidation Cascades Work

Why forced closing can accelerate moves — and how to avoid being the fuel.

Want definitions while you read? Use the Glossary.