Skip to content
cryptocarry

Strategies

Each one pairs a yield with a hedge. Filter by how the trade works, where it runs, how much capital it needs and how much can go wrong.

4 strategies
  • 8–25%
    target APY

    Covered calls on BTC and ETH

    Hold BTC or ETH and sell out-of-the-money calls against it. Buyers pay a premium for the upside above the strike. You keep most of the downside.

    Options incomeCentralized exchange, DeFi9 min read

    Risk
    Elevated
    Complexity
    Intermediate
    Min. capital
    $1k–$10k
  • 6–20%
    target APY

    Perpetual funding-rate arbitrage

    Buy spot and short the same amount of the perpetual future. Price exposure cancels out, and the short leg collects the funding that leveraged longs pay.

    Funding-rate arbitrageCentralized exchange, DeFi9 min read

    Risk
    Low
    Complexity
    Intermediate
    Min. capital
    $1k–$10k
  • 5–20%
    target APY

    Prediction-market arbitrage

    Buy every outcome of one event, on one venue or across venues such as Polymarket and Kalshi, for less than the $1 payout. The gap is locked in at resolution.

    Prediction-market arbitrageCEX + DeFi9 min read

    Risk
    Moderate
    Complexity
    Intermediate
    Min. capital
    $1k–$10k
  • 5–18%
    target APY

    Hedged liquid staking

    Hold an ETH liquid staking token and short the same amount of ETH perps. Staking rewards and funding stack on one hedged notional while ETH price exposure nets out.

    Hedged stakingCEX + DeFi9 min read

    Risk
    Moderate
    Complexity
    Intermediate
    Min. capital
    $1k–$10k