- MDD
- -3.80%
- Sharpe
- 1.55
- Win rate
- 58.6%
- Vol 30D
- $3.31M
- Age
- 457d
- Skin in game
- 32%
- Perf fee
- 12%
- Lockup
- 5d
- Depositors
- 10
- Leader
- Description
- Studio book. Flatten into FOMC. Capacity-aware.
- Carry when funding is stably positive; flatten into FOMC and unlocks.
- Process
- Enter on stable positive funding 48h. Exit 12h before scheduled events.
- 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 | $192,230 | 65,265.57 | 64,200.00 | -$3,138.47 -13.61% | 46,991.21 | $23,068 |
| ETH | short | $112,872 | 3,358.13 | 3,420.00 | -$2,079.49 -15.35% | 4,298.41 | $13,545 |
| SOL | long | $136,894 | 148.09 | 148.00 | -$83.65 -0.51% | 106.63 | $16,427 |
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 4 Sept 2026
- 6 Sept 2026via iPhone
Basis check for Funding Harvest: still above our entry threshold, inventory fully hedged, flatten rule unchanged. If funding turns for 24 hours we go to zero.
Funding Harvest did exactly what the factsheet said last month. Staying, and the lockup is fine.
Checked this against the fills. Consistent with the letter.
- 4 Sept 2026via Web
How would you size Funding Harvest inside a book that already holds $Orbit Liquidity Provider (OLP)$ as ballast?
Both are ballast, so split by liquidity need: OLP redeems in 3 days, this sleeve in 5. Keep the part you might need sooner in OLP.
- 4 Sept 2026via Web
Scheduled rebalance, largest moves listed.
Market Side Fill Weight BTC short 64,130.96 22.0%→32.0% ETH short 3,426.14 24.0%→31.0% SOL short 145.85 57.0%→65.0% Rebalanced 4 Sept 2026 - 1 Sept 2026via iPhone
How does the 12% performance fee interact with a drawdown, is there a high-water mark?
High-water mark, yes. The performance fee only accrues on new highs, and it is netted before your NAV prints, so what you see is what you keep.
- 31 Aug 2026via Web
August letter for Funding Harvest: +2.2% for the month, intramonth drawdown inside budget, no rule changes. Fees and lockup unchanged: 12% performance, 5-day lockup. Full attribution is on the factsheet.
Attribution before excuses. Thank you.
- AnnaDepositor · 2026-0731 Aug 2026via Web
Redeemed 20% last month for a tax bill and it paid T+1 after the 5-day lockup, exactly as written. Re-depositing next week.
Agree, and the fills match the published book, which is the only thing I actually check.
Trading involves risk. Past performance is not indicative of future results. Vault NAV can rise or fall.
Two-person quant studio. Funding harvest across majors, capacity-aware.
- Official posts
- 4
- Replies
- 2
- Last post
- 6 Sept 2026
Basis check for Funding Harvest: still above our entry threshold, inventory fully hedged, flatten rule unchanged. If funding turns for 24 hours we go to zero.All vaults by this manager
Latest rebalances
Fills and weight changes the manager published
| Market | Side | Fill | Weight |
|---|---|---|---|
| BTC | short | 64,130.96 | 22.0%→32.0% |
| ETH | short | 3,426.14 | 24.0%→31.0% |
| SOL | short | 145.85 | 57.0%→65.0% |
Trading involves risk. Past performance is not indicative of future results. Vault NAV can rise or fall.