π§ΊSleeves
βοΈDelta neutral, explained
We hold the same coin twice, in opposite directions and the same size. If the price goes up, the long side gains exactly what the short side loses. If it goes down, the reverse. The price stops mattering. What we keep is a small, steady payment for holding the pair.
πΈ Funding carryLong on one exchange, short on another. Traders on the busier side pay a fee every hour or 8 hours; we sit on the side that collects it.
π§ Straddle + hedgeSell (or buy) an option pair and keep a perp hedge that we resize every 10 minutes so price moves cancel. We earn if the market's fear is bigger than the real moves.
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BasisLong the perp, short a future that expires in a few days. Both end at the same price, so the gap between them today is locked in.
π¦ Spot carryOwn the coin, short the same amount on a perp. When funding is high, shorts get paid.