arxiv
PublishedJuly 15, 2026 at 4:00 AM
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Optimal Adaptive Market Making: A Theoretical Framework for High-Yield Liquidity Provision in Perpetual Futures Markets
Publisher summary· verbatim
arXiv:2607.11888v1 Announce Type: new Abstract: We develop a rigorous theoretical framework for optimal market making in perpetual futures markets with zero maker fees. We model the market maker's problem as a stochastic optimal control problem on a filtered probability space, where the controls are
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