What is Delta-Neutral?

A position structured so price moves cancel out, isolating a non-directional return like funding.

Delta-Neutral in practice

The classic build: long spot (or a perp with negative funding) against an equal-notional short perp. Price exposure nets to zero and the funding differential is the yield.

Where to see it live

See current delta-neutral opportunities in the funding matrix, and price them after fees with the funding-arbitrage calculator.

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