Delta-neutral USD/TRY foreign-exchange arbitrage strategy.

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Share token price

Other metrics

3M Sharpe
17.3
3M volatility
1.1%
Age
0.1 years
Maximum drawdown
0.0%
Protocol Technical Risk
Lockup period
Unknown
Denomination

Returns and fees

1M3M6M1YLifetime
Gross Gross 6.6% 9.0% 9.0% 9.0% 9.0%
Performance fee Performance 0.0%0.0%0.0%0.0%0.0%
Management fee Management 0.0%0.0%0.0%0.0%0.0%
Deposit fee Deposit 0.0%0.0%0.0%0.0%0.0%
Withdrawal fee Withdrawal 0.0%0.0%0.0%0.0%0.0%
Net Net 6.6% 9.0% 9.0% 9.0% 9.0%

About the vault

Morini Capital's strategy arbitrages spreads between USD/TRY rates on Turkish crypto exchanges and fiat rails. Its TRY positions are continuously hedged.

Notes

Morini FXArbUSDTRY is a Piku Finance vault managed by Morini Capital.

Summary: Morini Capital's strategy arbitrages spreads between USD/TRY rates on Turkish crypto exchanges and fiat rails. Its TRY positions are continuously hedged.

The authoritative source for this vault is the Piku vault page. Morini provides a portfolio overview.

About Piku

This vault is curated by Piku.

Piku Finance brings global FX, arbitrage and carry opportunities on-chain through curated yield strategies.

View all Piku vaults

About Accountable

This vault is running on Accountable:

Blockchain-based financial verification technology with ERC-7540 async redemption vaults.

View all Accountable vaults

Performance metrics

MetricWeekMonth3 months6 monthsYearLifetime
Ranking overall#242#246#163#149#167#187
Ranking on Ethereum#137#130#71#70#76#80
Ranking on Accountable#11#10#7#6#6#6
CAGR (net)5.9%6.6%9.0%9.0%9.0%9.0%
CAGR (gross)5.9%6.6%9.0%9.0%9.0%9.0%
Returns (net)0.1%0.5%1.1%1.1%1.1%1.1%
Returns (gross)0.1%0.5%1.1%1.1%1.1%1.1%
Sharpe ratio10.9213.7217.3217.3217.3217.32
Max drawdown0.0%0.0%0.0%0.0%0.0%0.0%
Volatility0.5%1.3%1.1%1.1%1.1%1.1%
TVL low$3.95M$98.14$0.00$0.00$0.00$0.00
TVL high$4.05M$4.05M$4.05M$4.05M$4.05M$4.05M
Share price start (USDC)1.009921.005551.000391.000391.000391.00039
Share price end (USDC)1.011031.011031.011031.011031.011031.01103
Period data availability8 days32 days46 days46 days46 days46 days
Period start2026-07-112026-06-182026-06-032026-06-032026-06-032026-06-03
Period end2026-07-182026-07-182026-07-182026-07-182026-07-182026-07-18

Technical Details

Vault nameMorini FXArbUSDTRY
Vault address0x99351baed3d8ab544ccb08af96a105910fda71e7
Chain Ethereum (1)
Denomination Circle USDC (USDC)
Exchange rate used1 USDC = $0.999946 fetched
Share tokenaFXArbUSDTRY
ProtocolAccountable
HomepageView vault on protocol website
Current TVL3,952,835.286 USDC
Peak TVL4,051,527.488 USDC
Last share price1.011 USDC
Last updated
Last updated block25,558,835
Data refreshed at
Data starts2026-06-03 00:00:00 UTC
Fee modeInternalised (performance fee taken from closed positions)
Fees internalisedYes
Featuresaccountable_like, erc_7540_like, erc_7575_like
Flags---
Deposit statusOpen
Redemption statusOpen
Deposit/redemption events73

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