Jetstream Products Global Basis+
Live · Q1 2026

Global
Basis+

Delta-neutral yield from basis trades and funding-rate arbitrage on global asset perpetuals.

  • Liquid delta-neutral strategy with monthly redemptions
  • Institutional risk engine: systematic safeguards and rebalancing
  • KYC-gated, professional investors only
$30M
Target AUM (USD)
14%
Target Net APY
Platforms
Our Edge

Built by operators who scaled $50M+ in DeFi yield.

Three structural advantages compound: deep DeFi-native infrastructure, hardcoded institutional risk parameters, and on-chain transparency where every dollar is auditable in real time.

Native to the architecture

Our team has operated in DeFi since its inception and scaled cutting-edge derivative and yield products to a combined $50M+ TVL across multiple cycles. We have a builder's understanding of smart-contract mechanics, oracle infrastructure, and settlement flows.

Combined TVL operated $50M+
Cycles through Multiple

Institutional risk engine

We operate with hardcoded risk parameters: zero leverage, <1% delta tolerance, automated rebalancing, and funding-rate floor triggers. Every trade is subject to pre-defined circuit breakers — defined boundaries, automated exits.

Leverage
Delta tolerance < 1%
Rebalance cadence Automated

Full transparency

Every dollar is tracked on-chain in real time. Live NAV attestation, instant performance reports with full strategy attribution. No black boxes. Monitor real-time allocations, risk policies, and returns yourself through our live dashboard.

NAV attestation Real-time
Strategy attribution Per-trade
Reporting On-chain
Allocation

Diversified across the deepest perp venues and asset categories.

The book is split across global equity indices, single-name equities, and commodity perpetuals — sized by funding-rate spread and venue depth. Allocations rebalance daily.

Global equity index perps SPX, NDX, NKY, DAX 35%
Commodity perps Oil (CL), gold (GC), copper (HG) 25%
Single-name equities Top global single-name perps 20%
FX / rate perps Major currency basis 12%
Cash & opportunistic T-bills equivalent + dislocation reserves 8%
Allocation simulator

Project returns at any allocation size and horizon.

Modeled at the 14% net target APY, monthly compounding. Toggle the horizon and APY assumption to stress-test scenarios.

Allocation amount ($USD) Min $500,000
Horizon 12 months
Net APY assumption 14.0%
Projected portfolio value
$1,149,342at 12 mo
Initial allocation $1,000,000
Yield earned $149,342
Effective rate 14.93% ROI
Total at horizon $1,149,342
Projections are illustrative, computed with monthly compounding at the selected APY. Target return is net of all fees; not a guarantee. Past performance does not indicate future results.
Risk parameters

Hardcoded into the smart contracts. Not a policy. A constraint.

Max leverage
Zero borrowed capital. Both legs of every basis trade are fully collateralized.
Delta tolerance
< 1%
Automated rebalancing maintains net delta below 1% of book at all times.
Funding floor
+ 0.5%
Minimum funding-rate threshold. Below this, positions exit before yield erodes.
Single-venue cap
35%
No more than 35% of book on a single perp venue. Limits exchange counterparty exposure.
Custody
Fireblocks
Multi-sig institutional custody. Whitelisted addresses. No hot-wallet exposure.
Audits
3 firms
Trail of Bits, OpenZeppelin, and Zellic. Continuous monitoring + quarterly re-audit.
Redemption window
Monthly
Subscriptions and redemptions process on first business day. T+5 settlement.
Insurance fund
2% AUM
Standalone reserve covers smart-contract and oracle edge cases.
Common questions

Frequently asked

What exactly is "global asset basis"?

"Basis" is the spread between an asset's spot price and its corresponding perpetual futures price. When demand to be long the perp exceeds short-side supply, longs pay funding to shorts. Global Basis+ holds the spot leg and shorts the perp, capturing that funding payment with zero net price exposure.

"Global asset" means the underlying is a tokenized global market — equity indices, single-name equities, oil, metals — not crypto-native assets, where basis spreads have compressed below 10%.

Why "global asset" perps and not crypto basis?

Crypto basis returns have compressed below 10% APR as the trade matured. Global asset perps — equities, indices, commodities — are a new market with multi-billion in OI and short-side liquidity that has not yet caught up to demand. Average basis is 20%+ APR, with multi-day dislocations hitting 300%+.

How is the strategy actually delta-neutral if the underlying moves?

The long spot and short perp legs are sized identically. P/L from price movement on the long leg is offset 1:1 by the short. What remains is the funding-rate income net of execution costs. Automated rebalancing keeps the delta under 1% of book in all conditions.

What happens if funding turns negative?

The strategy includes a hardcoded funding-rate floor. If the rate on a leg falls below +0.5%, that position exits automatically and capital rotates to a more attractive spread or moves to cash equivalents. We do not hold positions that pay us less than the floor.

Who are the eligible investors and what's the process?

Global Basis+ is structured for accredited and institutional allocators — funds, family offices, DAO treasuries. Minimum investment is $500k. Onboarding takes 3–5 business days through our compliance partner. Redemptions are monthly, settled T+5.

How is the fund custodied?

All assets are held in segregated Fireblocks accounts with multi-sig authorization. Trading wallets are whitelisted to specific exchanges and protocols. There is no single-key hot-wallet exposure. NAV is attested on-chain and verifiable by any LP at any time.

What are the fees?

1.5% annual management fee, 15% performance fee with high-water mark. Target returns and APY are reported net of all fees. Full term sheet available on request.

Get allocated

A short window. Capacity is finite.

We're sizing the launch book to $30M to preserve the integrity of the spread. Once filled, allocations open monthly only as redemptions create capacity. Talk to our team about reserving capital for the Q1 2026 launch.

¹ Hyperliquid OI as of Q4 2025. ² Annualized funding-rate yield, illustrative. ³ Crypto basis return data: industry sources, last 12 months. Global Basis+ is offered to accredited investors only. Nothing herein constitutes an offer to sell or solicitation to buy securities. Past performance is not indicative of future results.