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Hypotheses

Cross-Sectional Funding Carry, Delta-Neutral Top-K Rotation (Data-Safe Binance Spot+Perp Basket, Relative Not Absolute Threshold)

A MARKET-NEUTRAL, CROSS-VENUE funding-carry book that harvests the perpetual funding premium by holding delta-neutral pairs on whichever data-safe perps CURRENTLY offer the richest funding, rather than gating on a…

Hypothesis

A MARKET-NEUTRAL, CROSS-VENUE funding-carry book that harvests the perpetual funding premium by holding delta-neutral pairs on whichever data-safe perps CURRENTLY offer the richest funding, rather than gating on a fixed absolute threshold on one major. At each daily rebalance, rank a screened universe of confirmed-liquid Binance symbols by trailing 24h funding (mean of the last three 8h funding prints). Select the top-K (K=4) names whose trailing funding clears a small fee-breakeven floor. For each selected name,……Show moreShow less

A MARKET-NEUTRAL, CROSS-VENUE funding-carry book that harvests the perpetual funding premium by holding delta-neutral pairs on whichever data-safe perps CURRENTLY offer the richest funding, rather than gating on a fixed absolute threshold on one major. At each daily rebalance, rank a screened universe of confirmed-liquid Binance symbols by trailing 24h funding (mean of the last three 8h funding prints). Select the top-K (K=4) names whose trailing funding clears a small fee-breakeven floor. For each selected name, hold a delta-neutral pair: LONG <SYM>USDT.BINANCE_SPOT and SHORT equal-notional <SYM>USDT.BINANCE perpetual. The short-perp leg COLLECTS funding every 8h while the long-spot leg neutralizes price exposure, so PnL is dominated by accrued funding minus a small round-trip fee, decoupled from BTC's direction AND from BTC's absolute funding level. Because selection is RELATIVE (cross-sectional dispersion) rather than ABSOLUTE, the book stays deployed in every regime — it harvests whatever funding skew exists (often concentrated in narrative/meme/momentum alts) even when aggregate BTC/ETH funding has decayed to ~0. This directly fixes the dormancy that killed the single-major absolute-threshold version (zero trades in holdout, last trade March 2024). Universe is deliberately restricted to symbols with confirmed clean multi-year spot+perp history (BTC, ETH, SOL, BNB, XRP, ADA, DOGE, LTC) to screen out the ATOM/ARB/AAVE/Hyperliquid-alt data failures. Hysteresis on the ranking and a days-long minimum hold keep fee churn below the harvested carry. Simple by design: 4 core parameters (top_k, funding_floor, rebalance_hysteresis_band, max_basis_stop).

Backtest and paper results are hypothetical. Trading involves risk of loss.