Quantitative Researcher
Bitway · Remote · Senior
About the role
- Design and research the strategy universe — funding rate capture, cash-and-carry basis, cross-exchange and cross-tenor spreads, and options structures where they improve risk-adjusted return - Backtest with realistic assumptions: funding history, fill quality at our size, borrow costs, fee tiers, slippage. - Size capital across strategies and venues, and rebalance as conditions change - Set leverage, concentration, and drawdown limits, and manage margin health — liquidation buffers, cross vs. isolated, ADL exposure, collateral selection - Stress test what actually breaks neutral books: funding flipping negative, basis blowouts, a venue halting withdrawals, stablecoin or LST depegs, exchange outages mid-hedge
Requirements
Required - Advanced degree in Computer Science, Mathematics, Statistics, Engineering or a related field - 3–5 years in quantitative research, systematic trading, or portfolio management — crypto hedge fund, prop shop, market maker, or a comparable seat at a TradFi firm with real crypto exposure - Proficiency in programming languages (C++, C, Python, Java) - Demonstrable experience running a delta-neutral or market-neutral book, with a P&L history you can talk through, including the losses - Deep working knowledge of crypto derivatives market structure: perpetual funding mechanics, margin systems, ADL, insurance funds, fee tiers, and how each of the major venues differs Nice to have - Traditional options and volatility trading experience — covered calls, put writing, spreads, calendars, dispersion, or vol arbitrage. - Background at a yield product, structured product desk, or asset manager where retail or institutional capital was redeemable - Familiarity with the reporting and control expectations of institutional allocators