Explainers
Plain-English explainers on perps, leverage, liquidation, and on-chain market mechanics.
26 posts
one-tap perp trading explained 2025
What is one-tap perp trading and how does it actually work in 2025? Explainer on the random-asset rip model, why it requires smart wallets and a paymaster, and where it makes sense.
tax implications and perp trading flow: a stock trader's framing
general framing on how perp trading flow differs from stock-and-options tax workflow — cost basis, settlement, on-chain records. education only, not tax advice.
what is an on-chain perp vs a cex perp
on-chain perp vs cex perp compared: custody, transparency, fees, leverage, latency, and which one is the right tool for which kind of trader.
what is avantis, the perp venue behind uponly.win
avantis explained: how the perp dex on base works, where the liquidity comes from, what makes its architecture unique, and why uponly.win routes trades there.
what is base the l2 and why perps live there
base explained: what coinbase's layer 2 actually is, how it inherits ethereum security, why it became the home for consumer crypto, and why perps live there.
what is a gasless transaction and how paymasters work
gasless transactions explained: how paymasters sponsor gas, why ETH is no longer required to use crypto apps, and what the trade-offs of gas sponsorship are.
perps as a zero-theta leverage vehicle: an options trader's framing
an options trader's mental model for perpetual futures as a zero-theta leverage vehicle — no decay, no expiry, just directional leverage with funding.
what is a smart wallet and why it matters for perp trading
smart wallets explained: how account abstraction works, why smart wallets replace seed phrases with passkeys, and what they unlock for one-tap perp trading.
gasless perp dex with usdc paymaster explained
How does a gasless perp dex actually work? Full explainer on USDC paymasters, ERC-4337 user-operations, and why Base + Pimlico is the cleanest stack for one-tap trading.
what is a zero-fee perp and does it actually exist
zero-fee perps explained: what "zero fee" actually means, where the costs are really hidden, and which venues genuinely charge nothing on opens or losses.
perp trading with zero eth for gas explained
Can you really trade perps with zero ETH in your wallet? Structural explainer on how smart wallets, paymasters, and USDC-sponsored gas remove the ETH gas tax entirely.
7 signs an arcade finance platform is rigged against you
seven structural red flags that show an arcade finance app is designed to extract from users instead of route real trades. learn to spot them in five minutes.
crypto gambling regulation vs perp dex regulation
a clear-eyed look at crypto gambling regulation vs perp dex regulation — different categories, different rules, and what it means for users.
hit.one fees, the house model, and why it matters
How hit.one fees work structurally, what a house model means for traders, and why uponly.win charges zero fees on losses or to open a trade.
Betting line movement vs funding rate, explained
Sportsbook line movement and perp funding rate are doing similar jobs — pricing market positioning. Here is how they differ.
top 5 leverage myths that cost degens money
the five most expensive misconceptions about leverage in perp trading, why each one is wrong, and the structural fix for how to actually think about it.
what is a funding rate in perps
funding rate explained: what it is, why perps need it, how the math works, when you pay and when you receive, and how funding affects long-held positions.
perp dex with no fees on losses: myth or real
Is there really a perp dex with no fees on losing trades, or is it marketing? Structural explainer on how no-loss-fee works, why it requires no house, and where it actually exists.
rekt.money how it works and what to watch out for
a structural explainer on rekt.money — how arcade perps work, what to watch for in the fine print, and how uponly.win's no-house model compares.
what is liquidation in perp trading
liquidation explained: what actually happens when you get liquidated on a perp, how the liquidation price is calculated, what triggers it, and how to avoid it.
casino house edge vs perp dex fees, explained
casino house edge vs perp dex fees — what each actually costs you, how they compound, and why uponly.win charges nothing on losing trades.
daily.fun: how it works and the tradeoffs
How daily.fun works under the hood, the design choices behind the once-a-day loop, and the tradeoffs versus a one-tap perps arcade like uponly.win.
what is max leverage trading
max leverage trading explained: what 100x, 250x, and 500x actually mean, how the math works, when it makes sense, and when it is just expensive entertainment.
hit.one how it works, explained for new players
hit.one explained from scratch for new players: what the arcade does, how trades settle, what the house model means, and how it compares to uponly.win.
what is a perpetual future, explained for degens
perpetual futures explained in plain english: how perps actually work, why they never expire, how funding rates keep them honest, and where to trade them on-chain.
what is arcade finance and why it is eating defi
arcade finance explained: the new wave of one-tap, game-shaped crypto products that compress defi workflows into a single button and ship weekly novelty.