Crypto Derivatives Analyst
Boston, MA (Remote)
Posted 5 weeks ago
Top 1% of applicants do these two things.
The other 99% submit and hope. You're about to do something different.
Job Description
You will own derivatives intelligence for the firm — the analytical function that informs how Risk sets margin and liquidation parameters, how Product designs new derivatives launches, how the OTC desk prices options and structured trades, and how Trading reads positioning across venues. As a hybrid CEX+DEX running active perpetuals and options markets, derivatives are not a side product. They drive material volume, material risk, and material PnL. Your work is what keeps the firm ahead of the next liquidation cascade, the next funding regime shift, and the next vol surface dislocation.
Day-to-day this means tracking funding rates, basis, open interest, implied volatility surface, and liquidation flow across the major derivatives venues (Deribit, OKX, Bybit, Binance Futures, dYdX, Hyperliquid), building internal models and dashboards, and producing the analyses that go to Risk, Product, Trading, and the executive team. You will partner closely with the Quantitative Researcher, the Risk Manager, the Senior PM for Trading, and the OTC desk. The role expects strong derivatives mathematics, fluency in crypto-specific dynamics (perp funding mechanics, liquidation cascades, on-chain derivatives quirks), and the ability to translate complex positioning data into a one-paragraph executive briefing.
Compensation- Base: $160,000 – $240,000 USD
- Annual bonus: 20–30% of base, tied to analytical impact across Risk, Product, and Trading
- Equity + token grant (4-year vest, 1-year cliff)
- Full medical, dental, and vision; 401(k) match; remote work stipend
- Track and analyze derivatives positioning across major crypto venues (perps funding, basis, open interest, vol surface, liquidation flow).
- Build and maintain internal models and dashboards for derivatives market structure.
- Produce regular intelligence briefings for Risk (margin and liquidation parameters), Product (new derivatives launches), and Trading (positioning reads).
- Support the OTC desk on options pricing and structured product analysis.
- Monitor extreme-market events in derivatives markets and surface early signals to the executive team.
- Maintain competitive intelligence on derivatives venues (product launches, fee schedules, market share shifts).
- Contribute derivatives-specific analysis to client-facing research where relevant.
- 4–6 years of experience in derivatives analysis, trading, or quant research at a crypto exchange, market maker, HFT firm, or TradFi derivatives desk.
- Strong derivatives mathematics: Greeks, term structure, vol surface construction, funding mechanics.
- Fluency in crypto-specific derivatives dynamics (perpetual funding, liquidation cascades, on-chain perp design).
- Working knowledge of the major crypto derivatives venues (Deribit, OKX, Bybit, Binance Futures, dYdX, Hyperliquid).
- Strong Python and SQL; comfortable building data pipelines for derivatives data.
- Clear written communication; able to translate quant analysis into executive-level narratives.
- Prior experience on a derivatives desk at a TradFi firm (Goldman, JPM, Citi, Optiver, IMC, SIG) before transitioning to crypto.
- Background in options market making or vol trading.
- Published derivatives research (internal or external).
- MS or PhD in a quantitative field.
Loop It
Founded in February of 2016 and based in Manhattan, New York, Loop is a trusted startup. Each of the team are experts in a previous industry so we have come together to create a super company. We want to have a mix of consumer brand experience, acquisitions and creative from the UK and the US.We found that brands wanted to meet their customers not just get star feedback after an app interaction. We wanted to create something that was the solution, the bridge between technology and a family, or technology and a student or technology and Mrs Maple next door.
