Liquidity Letters

Let's pretend we have an edge.

How to turn an arbitrage into millions of dollars.

Sep 3 • 

Liquidity Goblin

72

5

August 2025

The 80/20 rule

How I make more money trading whilst doing less work

Aug 27 • 

Liquidity Goblin

51

16

February 2025

Understanding the $1.7B Bybit Exploit: Multisigs under Attack

This morning, Bybit lost $1.7 billion through their Safe{Wallet} implementation, and whilst the investigation is ongoing, we've seen enough similar…

Feb 22 • 

Liquidity Goblin

5

1

November 2023

Eyeballing A Spread

A gentle introduction to pairs trading the simple way

Nov 28, 2023 • 

Liquidity Goblin

33

6

June 2023

Crypto Beta

Simple but very useful, understanding market exposures of alt-coins, including a worked solution

Jun 29, 2023 • 

Liquidity Goblin

22

DeFi Carry Trades

Risk premia harvesting in unusual places, finding outsized yield in places other's aren't looking.

Jun 24, 2023 • 

Liquidity Goblin

12

6

Crypto Options Q&A

A quick Q&A of some questions I revived on twitter

Jun 10, 2023 • 

Liquidity Goblin

11

May 2023