Delta Neutral
Long spot + short perp
Target market-neutral carry around 10% yearly on average. Funding is the base yield; NLP rewards can boost the effective return.
Base target~10% APY
BoostNLP rewards
HedgeLong spot / short perp
RebalanceAuto guard
Account value
$--
Available margin
$--
Available isolated
$--
Negative funding
Live funding APY
-9.95%
-0.0011%/hour - -0.0273%/day. Funding source is interpreted from an 8h rate, then distributed hourly.
BTC oracle$81,824
Perp vs spot--
Next payout07m 26s
Funding period1h
Target average~10% APY
Long BTC-Short BTC-PERP-Collect every hour-NLP boost enabledCreate delta-neutral bot
LivePair selection first, then a few clean stop conditions. The form stays tight so the user is not buried in knobs.
Bot
Market pair
Pair
BTC-USDCvsBTC-PERP
Auto-filled from the BTC / ETH selector above.
Position size
Order size (base asset)
--
Leverage (1-5)
Perp margin only
Order notional = size x asset price: --Cycle volume: --Connect a funded Nado account to get a cross-margin based size limit.
Risk
Spread / slippage %
Stop conditions
Connect an active linked signer before starting.
Calculator
Estimation
Includes default Nado taker fees by monthly move count
Delta-neutral yield %
NLP yield %
Estimate modeNo renew loop
Working capital--
Account share used--
Estimated daily moves--
Estimated monthly moves--
Estimated monthly volume--
Gross annual yield+18.00%
Gross monthly yield+$0.00
Estimated Nado fees$0.00
Net monthly yield+$0.00
Fee estimate uses executed movements: monthly moves x one-leg notional x taker fee. Working capital assumes full spot notional plus perp margin requirement (`notional / leverage`). Example: 2 cycles/day = 4 moves/day, then 4 x 31 on a 31-day month.
How it works
1. Buy spotPurchase BTC. You are now long BTC spot.
2. Sell perpShort BTC-PERP for the same notional.
3. Net deltaPrice exposure is neutralized (delta close to 0).
4. Collect fundingThe rate is monitored on an 8h basis but credited in hourly slices.
5. RebalanceRenew and stop conditions keep the loop readable and controlled.
6. Exit guardStop loss, max loss and duration can halt the strategy automatically.
Min. $2001h fundingNon-custodialNado Protocol
Risks
Negative funding
If the funding flips, the short leg starts paying and the carry compresses quickly.Liquidation
The perp side still uses leverage, so health and collateral matter the whole time.Rebalance cost
Too much churn can eat part of the carry through slippage and repeated execution.Protocol risk
Smart contract, infra, oracle and venue risks still sit underneath the strategy.View botsFunding is paid hourly, but the source rate is normalized from an 8h format before display.