Dave White

Research Partner

Dave White

Dave White is a Research Partner at Paradigm. Previously, Dave was a quantitative trader and researcher at firms including Headlands, Two Sigma, and Cutler Group. He is three credits shy of an A.B. in Mathematics from Harvard University.

Written by Dave

Everlasting Options

5.11.2021 | Dave White, Sam Bankman-Fried

Introduction This paper introduces a new type of derivative, the everlasting option. Everlasting options give traders long-term options exposure without the effort, risk, or expense of rolling positions. We derive [→]

The Cartoon Guide to Perps

3.8.2021 | Dave White

Illustrations by: Chelsea Myers About a month ago, I realized I didn’t understand perps. For the cost of $1, a 100x bitcoin perp (short for “perpetual swap”) behaves like $100 of [→]