Highest Sharpe on the platform at 3.88 with a max drawdown of only -1.40% since inception. The delta-neutral structure means near-zero BTC correlation — pure volatility capture without a directional bet. ETH funding rates averaging 28% annualised. Capacity at 42%, there’s room.
Increased BTC-PERP exposure to ~40% of GAV following the breakout above $82K. Momentum signals across three timeframes are aligned long. Risk-adjusted entry with stops at $79,200. SOL short remains our primary hedge — currently +$32K unrealised.
Funding rates compressed slightly — from 0.082% to 0.061% per 8h period — but remain well above our cost of capital. Annualised yield holding at ~27%. Position size unchanged.
Q1 wrap-up: maintained near-zero net delta throughout the full quarter with a Sharpe of 3.88. ETH funding rates have been our primary alpha source — currently averaging 28% annualised. Adding a small BTC leg to capture the widening basis.
Added a SOL-PERP position to the momentum book following a confirmed breakout on the 4h chart. SOL allocation now ~12% of the momentum sleeve. Net exposure remains below 3x leverage. Total investors: 87.