The published mandate behind the desk’s basis sleeve. Asset universe, exposure bands, hard risk limits, and rebalancing cadence — written down, audited, and enforceable against the daily PnL the desk signs.
Why this page
The basis basket captures yield off stablecoin funding and basis spreads, sized off realised volatility and the perp-funding term structure. The sleeve uses a wider gross band with a deliberately tight drawdown cap and single-trade VaR, so idiosyncratic basis dislocations are absorbed without bleeding the directional sleeves. The live status block below reflects the sleeve’s current mode and rebalance timestamp.
Mandate status is unavailable right now.
The stable & basis basket captures yield off stablecoin funding and basis spreads, sized off realised volatility and the perp-funding term structure. The sleeve stays inside its drawdown and shift caps while expressing a deliberate, audited view on stable funding.
Gross
2.0–3.0×
Net
-0.1–0.1×
Max drawdown · cumulative
2.00%
Leverage cap · gross
3.00×
Single-trade VaR · 1d, 95%
0.25%
00:30 and 12:30 UTC, plus an intraday risk pass whenever realised 1-day VaR breaches 60% of the single-trade cap or the basis basket approaches 60% of its drawdown slot.
Next step
Each daily row on the PnL dashboard belongs to a sleeve that traces back to this mandate, and each row is reproducible from the seeded snapshot recipe — an allocator can re-derive it.