Starting this month, we’ll be publishing updates on a monthly basis, keeping our clients and investors closely informed about our latest research and strategy developments. Each update will highlight both live deployments and ongoing work across our trading strategies and infrastructure.
1. Statistical Arbitrage
We have successfully migrated our statistical arbitrage strategy from Lean to our in-house Qubx framework, where it is now fully operational. This migration provides finer-grained control over the system, enhances observability, and improves code quality and stability. The strategy is currently running live in a research account with a small allocation.
Next steps: Transition the strategy into production after further testing in the research environment and additional out-of-sample performance.
Future research directions:
- Enhancing pair selection to ensure cointegration stability
- Developing models that use alternative data (order book, trading activity, funding rates, etc.) to predict whether a pair will mean-revert or one instrument is breaking out
2. Funding Rate Arbitrage
Our funding rate arbitrage strategy has recently gone live. Execution optimizations are currently ongoing to improve entry and exit spreads. We are operating on Binance and GateIO, with Hyperliquid, OKX, Crypto.com integration planned soon. Additional exchanges are under review for future expansion.
Since this strategy requires multi-exchange execution and capital reallocation, it will remain within our proprietary trading setup for now.
Future research direction: Improving funding rate prediction models.
3. Cross-Sectional Portfolio
We launched a cross-sectional portfolio strategy with daily rebalancing. The strategy maintains market-neutral positions and currently combines factors such as momentum, carry, order book imbalance, and open interest. Using the factors from Unravel.
Future research directions:
- Exploring additional factors
- Developing more effective methods of combining factors
We look forward to sharing further progress as these strategies continue to develop and mature.