Academy & research
Degen
school.
Ten short modules on perps, leverage and risk — web and iOS. Plus a daily brief that shows its sources.
Illustrative progress. Lessons open in the Academy app.
Open the Academy appYour progress2.4 / 10
01Done
Perpetual foundations
Mechanics · 6 min
02Done
Market structure
Context · 8 min
03In progress
Risk architecture
Control · 7 min
04Start
Sensei methodology
Process · 9 min
05Start
Funding & basis
Mechanics · 6 min
06Start
Leverage without blowing up
Control · 8 min
07Start
Reading the order book
Context · 7 min
08Start
Liquidations explained
Mechanics · 5 min
09Start
Building a trade plan
Process · 9 min
10Start
Review & journaling
Process · 6 min
Learning XP is separate from NXP; module completions award quest NXP.
Daily intelligence briefOct 19 · 4 min · sample
Funding flips positive as BTC reclaims the weekly open.
Regime
Risk-on
Crypto mkt cap
$2.41T
Largest move
HYPE +5.4%
ObservedBTC funding turned positive (0.0102%/8h) after 4 days negative; OI +3.1% in 24h.
Source scopeHyperliquid public market data, 168 closed 1H candles, funding history.
UnknownsSpot ETF flows for the day are not yet published.
InvalidationA 1H close below 65,400 voids the reclaim thesis.
Risk calculator
Know the size
before the trade.
Set what you're willing to lose and where your stop is. We'll size the position. Runs in your browser — it never reads your account or places orders.
Education only · Excludes fees and slippage
Account size
10,000USDC
Risk per trade
1.00%
Entry
67,412.5USD
Stop
65,400.0USD
LongShort
Max loss
$100.00
Stop distance
2.99%
Position size
0.0497 BTC
Notional
$3,349
At 10x this uses $334.90 margin · 3.35% of account.