Probably the best trade everyone is sleeping on now 💤 31% FIXED APR DELTA-NEUTRAL strategy with Crude Oil. 📝 The Setup You need 3 things: a long position on WTOIL perps on @Hyperliquid, a short on WTI crude futures (CL) on a traditional broker, and Boros to lock in the funding rate Step 1: Go long WTOIL on Hyperliquid Open a long position on WTOIL (Hyperliquid's WTI crude oil perpetual). This is your funding rate receiver leg. Oil perp funding is deeply negative now, so longs get paid. Step 2: Hedge with a short on CL futures Short an equivalent notional on CL via a broker that offers CME futures access (Robinhood, IBKR, etc.). One /CL contract = 1,000 barrels, so size this to match your WTOIL long. This makes you delta-neutral, so oil price moves don't affect your PnL. Step 3: Lock the funding rate on Boros Head to Boros and lock in the current WTOILUSDC Implied APR (currently 31%) as fixed yield. Instead of riding a floating rate that can flip, you crystallize your carry for the duration. 🎯 The Result A delta neutral position collecting a fixed annualized yield equivalent to the WTOILUSDC Implied APR on Boros, with any basis difference between your entry prices on each leg as additional upside. Zero directional exposure. Alternative setup - combine Step 1 + Step 3 to lock in a FIXED funding receivable for your WTOIL long. Note this won't be delta-neutral though.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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