BTC Delta-Neutral 1x
Risk: Medium
Short the same amount as your BTC — offsets BTC price risk
How it works
- Hedge X of your own BTC → short X BTC_USDT perpetual on your account
- Expected funding yield: ~11.0%/yr (variable)
- Funding accrues to your account: ~11.0%/yr (no company fee)
- Interest accrues every 8 hours (at funding settlements)
- Delta neutral on price — but the short needs USDT margin; a sharp BTC rise can still trigger liquidation if margin runs low
- Funding revenue accrues directly to your own exchange account — no company custody
When you can lose principal
- No principal loss from BTC price moves while the hedge holds (delta neutral).
- During periods of negative funding rates, principal can be reduced by that amount.
- A sharp BTC RISE can LIQUIDATE the short if your futures USDT margin runs low; spot BTC gains do NOT auto-cover futures margin unless you use a unified/portfolio-margin account.
- Exchange failure or insolvency can cause loss of principal.
- If you withdraw the underlying BTC while the short is open, the position becomes unhedged and can be liquidated.
BTC: $79,938.6
Current funding rate (8h): +0.0228%
Risk Disclosure & Acknowledgment
Risk Disclosure & Acknowledgment Strategy: BTC Delta-Neutral 1x (2026-07-16.v3-noncustodial) [General risks] 1. Principal is NOT guaranteed. 2. The funding rate varies with market conditions and can turn negative, in which case no interest accrues for that period and costs may be incurred. The displayed yield is an estimate based on the historical average (0.01% per 8 hours) and is not guaranteed. 3. Counterparty risk exists: exchange outages, withdrawal suspensions, or insolvency. 4. This is a NON-CUSTODIAL tool: your BTC and USDT always remain in your own exchange account. Funding accrues directly to your account. The app only places trades via the trade-only (withdrawal-disabled) API key you provide, and you can revoke that key or close the position yourself at any time. [Specific to the 1x product] 5. For X BTC you hold, X perpetual futures are shorted on your own account, so PRICE risk (delta) is offset. This is NOT risk-free, however: the short is margined by USDT in your FUTURES account. If BTC rises sharply and that USDT margin is insufficient, the short CAN BE LIQUIDATED — and your spot BTC gains do NOT automatically top up the futures margin unless you use a unified / portfolio-margin account. Keep enough USDT margin (roughly the position notional at 1x) in your futures account and monitor it. 6. The other main risks are the general ones above (negative funding, exchange risk). I confirm that I have read and understood all of the above, that I am aware of the possible losses, and that I place this hedge on my own account at my own judgment and responsibility.