For an owner who already holds ETH: the capital is taken as ETH at the first marked hour with no buying cost, kept in the best blue-chip ETH supply market, counted in ETH.
- Paper value
- $9,713.12
- of $10,000
- Result
- -2.87%
- since Nov 12
- Against its benchmark
- -0.16 points
- holding ETH -2.71%
- Confirmations
- 0 of 2
- counted agents
Now: In SparkLend on Ethereum at 1.62% a year, since Nov 12, 13:00 UTC.
- Size
- $10,000 of paper capital, counted in ETH.
- Where
- 7 markets for ETH: Aave v3, Compound v3, SparkLend and Fluid on Ethereum, Base and Arbitrum.
- Enters
- The market with the best supply rate among those read in the last 120 minutes, at most 95% lent out and with room to leave at least 10 times the position.
- Moves
- Only when a better rate holds for 24 hours and pays for the move over 30 days.
- Leaves
- No take-profit level. Stops out at -1%. Stops for good at a total loss of 0.05 ETH. Closes after 90 days and decides again. Waits 24 hours after leaving.
- Leaves early
- When its market is more than 95% lent out, room to leave falls under 2 times the position or its market is held for a check or questioned.
- Costs
- Assumed, set Nov 12 2026 above the live gas the Trading rows read: Ethereum $8, Base and Arbitrum $0.30 per supply or withdraw; a bridge $2 plus 5 bps.
Keeps USDC in the best blue-chip supply market with enough exit liquidity, and moves only when the higher rate pays for the move over 30 days.
- Paper value
- $10,000.20
- of $10,000
- Result
- +0.002%
- since Nov 12
- Against its benchmark
- -0.007 points
- USDC best safe yield +0.009%
- Confirmations
- 0 of 2
- counted agents
Now: In Fluid on Arbitrum at 5.19% a year, since Nov 12, 13:00 UTC.
- Size
- $10,000 of paper capital.
- Where
- 9 markets for USDC: Aave v3, Compound v3, Fluid and SparkLend on Base, Arbitrum and Ethereum.
- Enters
- The market with the best supply rate among those read in the last 120 minutes, at most 95% lent out and with room to leave at least 10 times the position.
- Moves
- Only when a better rate holds for 24 hours and pays for the move over 30 days.
- Leaves
- No take-profit level. Stops out at -1%. Stops for good at a total loss of $100. Closes after 90 days and decides again. Waits 24 hours after leaving.
- Leaves early
- When its market is more than 95% lent out, room to leave falls under 2 times the position or its market is held for a check or questioned.
- Costs
- Assumed, set Nov 12 2026 above the live gas the Trading rows read: Ethereum $8, Base and Arbitrum $0.30 per supply or withdraw; a bridge $2 plus 5 bps.
For an owner who already holds ETH: the capital is taken as ETH at the first marked hour with no buying cost, kept in the best blue-chip ETH supply market, Morpho vault or Spark Savings, counted in ETH.
- Paper value
- $9,718.77
- of $10,000
- Result
- -2.81%
- since Nov 12
- Against its benchmark
- -0.16 points
- holding ETH -2.66%
- Confirmations
- 0 of 2
- counted agents
Now: In Morpho vaults on Ethereum at 2.88% a year, since Nov 12, 19:00 UTC.
- Size
- $10,000 of paper capital, counted in ETH.
- Where
- 11 markets for ETH: Aave v3, Compound v3, SparkLend, Fluid, Morpho vaults and Spark Savings on Ethereum, Base and Arbitrum.
- Enters
- The market with the best supply rate among those read in the last 120 minutes, at most 95% lent out and with room to leave at least 10 times the position.
- Moves
- Only when a better rate holds for 24 hours and pays for the move over 30 days.
- Leaves
- No take-profit level. Stops out at -1%. Stops for good at a total loss of 0.05 ETH. Closes after 90 days and decides again. Waits 24 hours after leaving.
- Leaves early
- When its market is more than 95% lent out, room to leave falls under 2 times the position or its market is held for a check or questioned.
- Costs
- Assumed, set Nov 12 2026 above the live gas the Trading rows read: Ethereum $8, Base and Arbitrum $0.30 per supply or withdraw; a bridge $2 plus 5 bps.
Keeps USDC in the best blue-chip supply market, Morpho vault or Spark Savings with enough exit liquidity, and moves only when the higher rate pays for the move over 30 days.
- Paper value
- $9,999.91
- of $10,000
- Result
- -0.001%
- since Nov 12
- Against its benchmark
- -0.007 points
- USDC best safe yield, with Morpho and Spark Savings +0.006%
- Confirmations
- 0 of 2
- counted agents
Now: In Aave v3 on Base at 5.34% a year, since Nov 12, 19:00 UTC.
- Size
- $10,000 of paper capital.
- Where
- 20 markets for USDC: Aave v3, Compound v3, Fluid, SparkLend, Morpho vaults and Spark Savings on Base, Arbitrum and Ethereum.
- Enters
- The market with the best supply rate among those read in the last 120 minutes, at most 95% lent out and with room to leave at least 10 times the position.
- Moves
- Only when a better rate holds for 24 hours and pays for the move over 30 days.
- Leaves
- No take-profit level. Stops out at -1%. Stops for good at a total loss of $100. Closes after 90 days and decides again. Waits 24 hours after leaving.
- Leaves early
- When its market is more than 95% lent out, room to leave falls under 2 times the position or its market is held for a check or questioned.
- Costs
- Assumed, set Nov 12 2026 above the live gas the Trading rows read: Ethereum $8, Base and Arbitrum $0.30 per supply or withdraw; a bridge $2 plus 5 bps.
Buys ETH on Arbitrum and uses it as the collateral of a 1x ETH short on GMX v2, so a price move does not liquidate it, collecting the short's carry while its 7-day funding, after costs, beats the USDC benchmark by 1 point.
- Paper value
- $10,000.00
- of $10,000
- Result
- 0.00%
- since Nov 12
- Against its benchmark
- -0.009 points
- USDC best safe yield +0.009%
- Confirmations
- 0 of 2
- counted agents
Now: Its carry after costs projects 5.36% a year; it needs 6.34% (the benchmark's 5.34% plus its edge).
- Size
- $10,000 of paper capital.
- Trades
- Buys ETH on Uniswap v3 on Arbitrum; and shorts the same ETH on GMX v2 on Arbitrum at 1x with ETH as collateral.
- Enters
- When its 7-day funding, after the round trip's costs over 30 days, beats the benchmark by 1 point a year, the current carry is above 0% and open interest is at least $10M.
- Leaves
- Takes profit at +3%. Stops out at -1.5%. Stops for good at a total loss of $300. Closes after 30 days and decides again. Waits 24 hours after leaving.
- Leaves early
- When the 7-day funding stays under the benchmark for 24 hours, funding is negative for 24 hours or open interest falls under $5M.
- Costs
- Assumed, set Nov 12 2026: the spot buy and sell at the Uniswap Arbitrum row's live cost for the size; GMX open and close at 6 bps (the high end of its row's 4 to 6 bps) plus 10 bps price impact; gas at least $0.50 per swap and $1 per GMX order.
Buys ETH on Arbitrum and shorts the same amount on Hyperliquid at 2x with USDC margin, collecting funding while its 7-day average, after costs, beats the USDC benchmark by 1 point.
- Paper value
- $10,000.00
- of $10,000
- Result
- 0.00%
- since Nov 12
- Against its benchmark
- -0.009 points
- USDC best safe yield +0.009%
- Confirmations
- 0 of 2
- counted agents
Now: Its carry after costs projects 1.38% a year; it needs 6.34% (the benchmark's 5.34% plus its edge).
- Size
- $10,000 of paper capital.
- Trades
- Buys ETH on Uniswap v3 on Arbitrum; and shorts the same ETH on Hyperliquid at 2x with USDC margin.
- Enters
- When its 7-day funding, after the round trip's costs over 30 days, beats the benchmark by 1 point a year, the current carry is above 0% and open interest is at least $10M.
- Leaves
- Takes profit at +3%. Stops out at -1.5%. Stops for good at a total loss of $300. Closes after 30 days and decides again. Waits 24 hours after leaving.
- Leaves early
- When the 7-day funding stays under the benchmark for 24 hours, funding is negative for 24 hours, open interest falls under $5M or the short's loss reaches 80% of its margin.
- Costs
- Assumed, set Nov 12 2026: the spot buy and sell at the Uniswap Arbitrum row's live cost for the size, plus 5 bps slippage, gas at least $0.50; Hyperliquid taker fee from its row (4.5 bps); $2 to bridge USDC in and $2 out.