Mt Pelerin – USD Funding Strategies

Opportunistic capture of funding rates and basis across crypto venues, measured in USD. The vault takes market-neutral positions wherever the spread between spot and perpetuals, or between two perpetuals, pays enough: short the expensive leg, long the cheap one. The long leg can be held as spot, perpetuals or a synthetic long built with options, whichever carries the trade most efficiently. Positions rotate as opportunities appear and fade, across several assets and venues, and may use leverage.

Venues: Hyperliquid, Lighter and Aster for perpetuals, Derive v3 for options, with more to be added over time.

Main risks: funding reversals, spread widening before convergence, execution and liquidity on the spot and options legs, roll cost at option expiry, counterparty risk on each venue used, and liquidation on leveraged legs.