Following up on this post: SOFR futures convexity adjustment versus SOFR swaps

I am trying to understand the convexity adjustment between SR3 futures and SOFR swaps in the case where financing / variation-margin e...

I am trying to figure out whether an options structure is short or long skew without just having someone tell me the answer. I'd like to calculate the number myself. Assuming I am creating a risk reversal at strike 90, 110:

Hello Quant Stack Exchange community,

I've been working on a discrete-time model for option pricing, where I calculate the replicating portfolio using the model and compare it with the real option prices dynamically. The equation I'm using to represent this is (similar to equation of Bakshi et al. 1997 - Empirical Performance of Alternative Option Pricing Models):

If the market prices of SOFR futures are obtained from CME, do we still need to compute convexity adjustments when computing the sensitivity of the IR future?

I have such a general question regarding risk model validation. Which tools are most often used for validation and how does the process work? Could you recommend any books that focus on this topic?