◇ GLOSSARY
Basis trade
A paired spot and perp position that bets on the spread between them while hedging delta, often to harvest funding or mean-reversion in basis. P&L comes from the spread change and carry, not from naked directional exposure.
◇ GLOSSARY
A paired spot and perp position that bets on the spread between them while hedging delta, often to harvest funding or mean-reversion in basis. P&L comes from the spread change and carry, not from naked directional exposure.