Insilico Terminal Podcast

QuantXBT joins Sokio to discuss building a crypto HFT business, finding his first BitMEX–Binance arbitrage, and why JavaScript wasn't the bottleneck people expected.  We cover shrinking edges, the move toward mid-frequency trading, exchange risk, collecting market data, and the role of discretion in automated systems. He also explains why forced trading creates opportunities and why being right about an asset isn't enough to make money trading it. 00:00 Intro and Early Crypto Trading  05:55 Finding the First Arbitrage Edge  11:31 Running HFT in JavaScript  19:17 Finding Edge Across Exchanges  25:19 Consistent Returns and Hidden Risks  33:53 Research, Automation and In-House Data  38:14 Quant vs. Discretionary Trading  45:29 Volatility, Forced Trading and Finding Edge  51:33 Bitcoin Conviction and Why Altcoins Fail

Arb joins Sokio to explain how reading the details led him to a Tari arbitrage and a series of oil trades on Hyperliquid. The conversation moves from finding temporary market inefficiencies and knowing when to walk away to using AI for data collection, research, and building trading systems. He also shares his case for owning compute, why systems thinking matters, and the opportunities he sees for small teams. 00:00 Introducing Arb and his first crypto arbitrage  09:25 Oil perps: trading the market rules  16:43 Bitcoin, hardware and the AI opportunity  26:40 Where AI value accrues  33:26 Why small teams can move faster  39:08 AI for trading research and automation  45:51 How to think in systems  51:07 Manual trading and AI-built systems  55:38 AI workflows and what changes next

Trader Morin turned more than 18 months at breakeven into a repeatable trading process built around ranges, mean reversion, order flow and strict risk management.  He explains how he plans trades days in advance, builds price-action and footprint execution playbooks, sizes positions using confluence, and distinguishes reaccumulation from redistribution. We also discuss surviving the unprofitable years, handling FOMO, reviewing trading data, using leverage responsibly and why Morin deliberately reduces risk after a major winner. 00:00 First blow-up and playing the long game  08:05 Why Morin focused on BTC and ETH  18:07 Building conviction, trade plans and playbooks  25:27 Surviving 18 months at breakeven  35:00 Turning discretionary trading into a system  41:00 Range trading and footprint execution  48:39 Reaccumulation vs redistribution  58:16 Leverage, risk and reviewing the data  01:08:56 Teaching, monetization and staying grounded

Benoit Dubosson, better known as Beni the Boss, joins the Insilico Terminal Podcast for his first interview about crypto. He explains how he built a trading career around markets other people ignored—from Cryptopia arbitrage and onchain deposit signals to FTX funding trades, the Luna collapse, TradeOgre market making, and strange dislocations across CFD brokers and fintech apps.  Beni also talks about counterparty risk, the mental cost of trading your own money, why he eventually left crypto, the role of luck in success, and why beginners should spend far more time researching than trading. 00:00 From online poker to early crypto arbitrage  13:55 What trading crypto was really like in 2017  22:42 Finding edge where others do not look  31:09 FTX trades and the Luna collapse  41:44 Market making Monero on TradeOgre  50:47 The mental cost of trading  01:00:04 Advice for new crypto traders  01:09:07 Networking, luck and when not to trade

Parker, co-founder of perps.fun, joins the Insilico Terminal Podcast to discuss building the first HIP-3 launchpad and opening Hyperliquid market creation to teams outside the existing deployer structure.  We cover why perps.fun pivoted from building a trading terminal, how new markets are vetted, fee sharing and market ownership, exotic and long-tail perps, sourcing liquidity, oracle and funding design, the Kinetiq partnership, and why permissionless perp creation comes with serious risks.  We also get into the wider Hyperliquid ecosystem: HIP-3 market concentration, HIP-4, regulation, institutional adoption, Trade XYZ, competition between DEXs, and the long-term vision of being able to trade wherever the volatility goes. 00:00 What is perps.fun? The first HIP-3 launchpad  05:15 What kinds of markets will launch?  10:17 The perps.fun fee-sharing model  15:10 Why official brands and indices matter  19:24 Building safe markets: liquidity, oracles & funding  25:03 The Kinetiq partnership and HIP-3 economics  30:30 Where Hyperliquid stands today  35:32 Regulation, institutions & the "gray market"  39:38 Hyperliquid vs other DEXs & trading everything