CRYPTO ARBITRAGE · MARKET-NEUTRAL · SMA

Professional access to market-neutral strategies in digital assets.

Access market-neutral strategies developed to capture recurring opportunities in funding rate arbitrage, cash-and-carry and cross-exchange arbitrage, with automated execution, risk control and operational transparency. SMA model with API execution on segregated accounts and margin support in USDT, USDC, BTC and ETH.

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PROPRIETARY TERMINAL

> strategy statusACTIVE

> risk profileMARKET_NEUTRAL

> execution24/7 · MULTI_VENUE

> custodyCLIENT_ACCOUNTS

> monitoring funding spreadsMONITORING

> directional exposure hedgeOK

> inefficiency captureACTIVE

> risk engineONLINE

APY (estimated)

22.85%

EXECUTION_ENGINE · RISK_MONITOR · MULTI_VENUE_ROUTER · EXECUTION_ENGINE · RISK_MONITOR · MULTI_VENUE_ROUTER ·

27+

months track record

active SMAs

jurisdictions

1.92

historical Sharpe

0.91%

avg monthly volatility

3.25%

max drawdown

Historical data · Past performance does not guarantee future results

PERFORMANCE · 001

Verifiable historical performance.

Systematic strategies operated across multiple market cycles, with focus on risk control, automated execution and reduced directional exposure.

Avg monthly return

1.73%

Historical Sharpe

1.92

Monthly volatility

0.91%

Max drawdown

3.25%

APY (estimated)
22.85%

Period analysed

27+ mo

NAV · Cumulative

Aug 2023 — May 2026

+58.4%

STRATEGY · 002

Market-neutral strategies in digital assets.

HashRock seeks to capture structural inefficiencies across spot, futures, perpetuals, options, and decentralised venues — while maintaining systematic control of exposure and operational risk.

S/01

Funding rate arbitrage

Capturing funding differentials with controlled exposure and systematic execution.

S/02

Cash-and-carry

Market-neutral structuring between spot and futures based on basis and liquidity conditions.

S/03

Cross-exchange arbitrage

Multi-venue execution to exploit inefficiencies between exchanges, with routing and risk overlays.

S/04

Basis trading

Monitoring and execution across basis curves for compression and expansion scenarios.

S/05

Tokenised equities arbitrage

Strategies in tokenised markets according to mandate and operational availability.

S/06

CEX/DEX arbitrage

Operating between centralised and decentralised venues with operational controls and reconciliation.

INFRASTRUCTURE · 003

Proprietary execution infrastructure.

HashRock uses proprietary infrastructure for monitoring, execution, reconciliation and risk control across multiple exchanges.

01Data Sources

02Signal Engine

03Risk Engine

04Execution Layer

05Reporting

Trading APIs

Integration with multiple venues and granular permission controls per account/sub-account.

Multi-exchange execution

24/7 routing and execution with focus on operational robustness and latency.

Real-time monitoring

Observability of positions, orders and risk with continuous validation pipelines.

Exposure control

Notional limits, per-trade risk caps and contingency policies.

Operational reporting

Execution, event and risk metric transparency for governance.

Infrastructure redundancy

Multiple resilience layers and fallback paths for operational continuity.

Supported venues

SECURITY · 004

Segregated custody. API execution.

HashRock operates under the SMA model — clients retain control over their accounts and sub-accounts while strategies execute through controlled API permissions.

No balance transfer to HashRock
Accounts and sub-accounts held by the client
Trade-permission APIs only
No withdrawal permissions
API access revocable at any time
Real-time operational monitoring

Permission

Status

read_accountallowed

spot_tradingallowed

futures_tradingallowed

options_tradingallowed

withdrawblocked

transfer_outblocked

Assets remain under client control at all times. HashRock acts as the systematic operator of the strategy, never as custodian.

SMA · 005

The Separately Managed Account model — four steps.

Institutional clients retain transparency, asset segregation and operational control while accessing HashRock's infrastructure and systematic strategies.

01 / 04

Institutional diagnosis

We map the client's profile, objectives, operational constraints and desired structure before any engagement begins.

02 / 04

Account & API setup

The client keeps its accounts or sub-accounts and grants controlled trading permissions through API keys.

03 / 04

Strategy activation

HashRock configures parameters, risk limits and execution infrastructure tailored to the mandate.

04 / 04

Monitoring & reporting

Continuous oversight of performance, exposure, risk metrics and trading operations with transparent reporting.

FAQ · 006

Frequently asked questions.

Common questions from institutional investors evaluating HashRock. For anything else, contact us directly.

Q/01How is custody handled under the SMA model?

Under the Separately Managed Account model, the client retains full custody of their assets. Funds remain on the client's own exchange accounts or sub-accounts. HashRock receives only API keys with trade permissions — no withdrawal or transfer rights — and never holds, moves or controls client capital.

Q/02What is the minimum allocation to start?

HashRock operates with institutional clients, family offices, proprietary desks and qualified investors. Minimum allocations vary by strategy and mandate. Smaller allocations may be considered for strategic relationships. Specific terms are discussed during the institutional diagnosis phase.

Q/03Which venues and exchanges are supported?

HashRock supports execution across Binance, Bybit, Bitget, Kraken, Gate.io, Deribit and Hyperliquid. Additional venues can be integrated based on mandate, regulatory considerations and operational requirements.

Q/04How is performance reported and verified?

Clients receive transparent operational reporting covering execution, exposure, P&L and risk metrics. Because trades occur directly on the client's exchange accounts, performance is independently verifiable on-chain and through exchange records — there is no opaque pooled vehicle.

Q/05What happens if I want to exit?

Clients can revoke API access at any moment, on their side, without notice or approval. There are no lock-up periods. Positions can be unwound progressively to minimise market impact. Capital remains continuously available on the client's accounts.

Q/06Are the strategies truly market-neutral?

The core strategies — funding rate arbitrage, cash-and-carry, basis trading, cross-exchange arbitrage — are designed to be delta-neutral with hedged directional exposure. No strategy is risk-free: residual basis risk, funding regime shifts, venue-specific risk and operational risk remain. Position limits and continuous monitoring are enforced systematically.

Q/07How are fees structured?

HashRock uses a performance-based fee structure aligned with client outcomes — typically a combination of management fee and performance fee, calculated on a high-watermark basis. Specific terms are defined per mandate and disclosed in full before engagement.

Q/08Is HashRock regulated?

HashRock operates across three jurisdictions and structures each engagement according to the applicable regulatory framework. Regulatory status, licensing and counterparty arrangements are reviewed in detail during onboarding.

CONTACT · 007

Talk to the team.

Tell us about your structure and interest. Our team will evaluate the best path for an institutional conversation.