Operator Surface

Delta Neutral

Neutrality before volume.

Live execution disabled by design.

North Star

Core User Story

Identify, rank, and manage only the opportunities that stay close to true neutrality after cost, drift, and latency.

Rankings emphasize executable neutrality and cost-adjusted edge. Paper mode is active for lifecycle rehearsal without live venue execution.

Operating Mode

paper

restricted

Best Candidate

TRUMP-PERP

1050.25 bps EV

Positive EV

from current ranking run

Venues monitored

Phase 1 keeps this narrow on purpose so neutrality quality can be studied before breadth expands.

Tracked symbols

A small asset set beats noisy coverage. Ranking discipline matters more than trade count.

Staged intents

These are the candidates that already crossed the first EV, basis, and liquidity gates in simulation.

Open positions

This stays at zero in simulation. In paper mode it reflects the currently rehearsed paper-open lifecycle.

Collector state

2 live tracks

Observed data, predicted rankings, and future execution analytics remain distinct data planes.

Operator Board

The board rewards executable spread, conservative carry, and lower basis drift risk. It does not reward raw trade volume.

Candidate Board

Ranked for executable neutrality

maker on grvt, taker on extended

EV, basis, depth, carry

Pair	Entry	EV	Carry	Costs	Basis Risk	Rank
TRUMP-PERP long grvt / short extended grvt long / extended short	+3.53 bps	+1050.25 bps	+1062.55 bps	fees +2.49 bps / +2.49 bps hedge +3.53 bps	1.36 liq 10.0 / 10 weak leg $100.00k	1057.52
BERA-PERP long grvt / short extended grvt long / extended short	+9.62 bps	+357.08 bps	+369.10 bps	fees +2.49 bps / +2.49 bps hedge +4.81 bps	0.68 liq 10.0 / 10 weak leg $80.79k	364.41
XLM-PERP long grvt / short extended grvt long / extended short	-10.41 bps	+313.47 bps	+334.97 bps	fees +2.49 bps / +2.49 bps hedge +5.20 bps	3.01 liq 10.0 / 10 weak leg $100.00k	320.56
EIGEN-PERP long grvt / short extended grvt long / extended short	+12.22 bps	+310.73 bps	+326.13 bps	fees +2.49 bps / +2.49 bps hedge +6.11 bps	3.20 liq 10.0 / 10 weak leg $29.35k	317.81
SEI-PERP long grvt / short extended grvt long / extended short	+7.20 bps	+277.56 bps	+288.63 bps	fees +2.49 bps / +2.49 bps hedge +1.80 bps	5.71 liq 10.0 / 10 weak leg $100.00k	284.39
KAITO-PERP long grvt / short extended grvt long / extended short	+10.05 bps	+264.78 bps	+273.49 bps	fees +2.49 bps / +2.49 bps hedge +2.51 bps	2.14 liq 10.0 / 10 weak leg $84.00k	271.97

Collection Health

Each connector reports its own freshness. If observed data degrades, the ranking loop should be distrusted before it is expanded.

Collector

extended

success

58 symbolsSat, 11 Apr, 1:29 PM MYT

Collector

grvt

success

58 symbolsSat, 11 Apr, 1:29 PM MYT