SECTION
Funding
3 entries
You hold local currency; stock orders settle in USDC. The bridge between them has the lowest barrier on this whole route and the highest concentration of risk. This section takes it apart.
WHAT THIS SECTION IS ABOUT
The cost and the risk both live here, not in the trade
People spend a long time optimising trading fees while ignoring the conversion spread, which is frequently several times larger. Risk works the same way: what actually goes wrong is rarely the order, it is receiving money.