We Built a Microstructure-Gated Hedger for Polymarket: Here is What 250+ Real Market Backtests Taught Us
📚 The Quantitative Microstructure & Cross-Market Series by FollowSM Part 1: Detecting Orderbook Toxicity & Polymarket Divergence: Building a Microstructure Circuit Breaker Packages: Python (PyPI): pip install followsm-sdk Node.js (npm): npm install @followsm/sdk We built an open-source hedger that delta-hedges Polymarket BTC positions with Binance perpetual futures and scales the hedge with order-flow toxicity. The logic: stay unhedged while the flow is calm, hedge half when VPIN climbs, go fully neutral when it spikes or a liquidity sweep hits. Then we backtested it on 256 real daily Polymar
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