Assay
Manager Universe

Basis Trade Advisors

Assay-Verified

Perpetual funding-rate basis · Singapore · Inception 2021-01

Illustrative — pre-launch sample data, not actual manager performance.
1Y ann.+20.2%
3Y ann.+18.1%
5Y ann.+22.5%
10Y ann.—
Sharpe (3Y)1.27
Sortino (3Y)1.56
Max drawdown-3.7%

Cumulative TWR vs benchmark

Monthly, since inception
-39%15%69%123%176%2021-01Most recent
Manager TWR Benchmark Drawdown

Locked benchmark

Funding rate composite

Pre-registered at engagement scoping. Cannot be retroactively changed.

1Y-5.7%
3Y-10.7%
5Y-8.2%

Liquidity profile

Median position liquidity$1.2B
AUM$215M
Verified history60 months
Raising statusOpen

Strategy

Funding-rate carry across BTC, ETH, and the top-10 perpetual contracts. Long basis when funding is positive, delta-neutralized via spot. Composite construction includes the firm's two funding-only sleeves.

Composite construction

All discretionary fee-paying accounts following this strategy are included in the composite per GIPS Provision 3.A. The engagement memo enumerates the in-scope entities and any sub-advised accounts that would otherwise meet the discretion criteria but are excluded for documented reasons.

Composite dispersion is reported as the asset-weighted standard deviation of constituent account returns. 3-year ex-post standard deviation is reported once 36 months of composite history is available.

Annual return breakdown

Trailing-window annualized returns. For verified strategies with full calendar-year history we publish calendar-year returns alongside; this preview uses rolling 12-month windows from the most recent month.

Y-4

+25.9%

Y-3

+33.2%

Y-2

+12.1%

Y-1

+22.2%

Y-0

+20.2%

GIPS-aligned disclosures

  • Returns are presented gross of management and performance fees. Net-of-fee returns available on request and in the LP data room.
  • Composite includes all discretionary fee-paying accounts following the perpetual funding-rate basis strategy as enumerated in the engagement memo.
  • Benchmark: Funding rate composite, locked at engagement scoping.
  • Valuation: positions marked at VWAP across qualifying venues. Concentrated illiquid positions subject to liquidity-adjusted fair-value haircut per Assay's methodology.
  • Custody: position custody arrangement disclosed in the engagement memo. Withdrawal permissions are not granted to Assay; we hold read-only access.
  • Past performance is not indicative of future results.

Verification status

Assay-Verified. Engagement is active; benchmark is locked, composite is constructed, anomaly screens are running continuously.

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