- MDD
- -2.40%
- Sharpe
- 2.11
- Win rate
- 61.4%
- Vol 30D
- $13.22M
- Age
- 810d
- Skin in game
- 8%
- Perf fee
- 15%
- Lockup
- 14d
- Depositors
- 10
- Leader
- Description
- Two-sided quotes on majors. Residual delta hedged hourly. Capacity is hard-capped.
- Earn spread, hedge residual delta hourly, never warehouse weekend event risk.
- Process
- Inventory bands, kill-switch on connectivity, no weekend event warehouse.
- Custody
- Capital enters a MAIN illustration account, subscription moves to STRATEGY, exits return to MAIN then redeem. Segregation is illustrative.
| Market | Side | Size | Entry | Mark | uPnL (ROE) | Liq. price | Margin |
|---|---|---|---|---|---|---|---|
| BTC | long | $39,909 | 62,938.61 | 64,200.00 | $799.84 +16.70% | 45,315.80 | $4,789 |
| ETH | long | $88,759 | 3,383.01 | 3,420.00 | $970.56 +9.11% | 2,435.77 | $10,651 |
| SOL | long | $27,947 | 149.74 | 148.00 | -$325.26 -9.70% | 107.81 | $3,354 |
Community & manager updates
The manager's market reads, rebalance records and monthly letters, alongside depositors' discussion. All simulated.
Discussion
8 posts · 6 replies · 8 participants · Last activity 6 Sept 2026
- 4 Sept 2026via iPhone
Capacity: the vault is at the inventory band. New subscriptions sit in cash-like until capacity opens; you will see that as a lower headline APR for a few weeks. We will not grow the book past the band to flatter the number.
- Helix TradingDepositor · 2026-016 Sept 2026via iPhone
Waiting in cash-like for capacity is fine by me. The alternative is a manager who takes my money and degrades everyone's fills.
Queue is about two weeks based on scheduled redemptions. We will post here when the band opens.
- 6 Sept 2026via Web
Hourly hedge cycle, Sunday close. Inventory flattened into the week.
Market Side Fill Weight BTC long 64,210.00 0.8%→0.3% ETH short 3,425.00 -0.2%→0.1% SOL long 148.00 0.5%→0.4% Rebalanced 6 Sept 2026 - AnnaDepositor · 2026-075 Sept 2026via iPhone
This is the only market-making vault on Orbit that has said no to money. That is the whole due diligence right there.
Saying no is free. Saying it in public is what costs.
- 2 Sept 2026via Web
What happened on August 14? A −1.1% day in a delta-neutral book.
The connectivity kill-switch fired on one venue for 40 minutes. We were flat on that venue and hedged elsewhere, but marked the inventory at a stale price until reconnect. Recovered by close. The post-incident report is in the August letter.
- 31 Aug 2026via Web
August letter: +1.7% for the month, spread capture 78% of gross, hedge cost 22%. One kill-switch event (Aug 14), no weekend event exposure. Orbit verification: documents submitted July 30, review in progress.
Trading involves risk. Past performance is not indicative of future results. Vault NAV can rise or fall.
Lead market-maker. Inventory first, opinion second.
- Official posts
- 4
- Replies
- 3
- Last post
- 4 Sept 2026
Capacity: the vault is at the inventory band. New subscriptions sit in cash-like until capacity opens; you will see that as a lower headline APR for a few weeks. We will not grow the book past the band to flatter the number.All vaults by this manager
Latest rebalances
Fills and weight changes the manager published
| Market | Side | Fill | Weight |
|---|---|---|---|
| BTC | long | 64,210.00 | 0.8%→0.3% |
| ETH | short | 3,425.00 | -0.2%→0.1% |
| SOL | long | 148.00 | 0.5%→0.4% |
Trading involves risk. Past performance is not indicative of future results. Vault NAV can rise or fall.