Mechanics7 min read
Funding rates and the cost of carry
What funding actually pays for, how an 0.01% rate compounds into double-digit annualised carry, and how to budget for it inside a drawdown limit.
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Blog
The mechanics nobody explains until they cost you
Written by the people who build the risk engine. No signal groups, no motivational threads — just the arithmetic behind margin, drawdown and carry.
- Evaluations7 min read
Why most challenge accounts fail on day-one drawdown
Day one is the only session with no cushion, and the daily loss limit — not the profit target — is the binding constraint. The sizing arithmetic behind the failures.
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- Risk8 min read
How maintenance margin actually works
Why a 20x position liquidates before a 5% move, how tiered risk brackets change the answer as size grows, and where the maintenance amount comes from.
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Theory is cheap. Positions are not.
Take the same mechanics onto a funded account and let the engine keep score.
Evaluation accounts are simulated. Trading involves substantial risk of loss.