Four New Strategies Joined the Lineup in July
Four strategies joined Neutral Trade in July 2026: CTA - Systematic Alpha, Options Market Making, HFT Multi-factor, and CTA - Longshort Alpha. Here is how each one earns.
July's public lineup grew by four vaults — two directional quant books, a Bitcoin options desk, and a high-frequency multi-factor system. Together they widen the platform well beyond market-neutral yield.
CTA - Systematic Alpha, by Hyperithm
Announced July 8 · Directional · US equities · USDC deposits
Systematic Alpha is the kind of product usually reserved for traditional finance: a systematic, long-only strategy trading the most liquid US equity ETFs and index futures.
Rather than depending on a single signal, it runs mean-reversion and trend-following together in one system — two signals that earn in different market regimes, combined with volatility-aware position sizing.
Before opening it to the public, we did what we always do: ran it live with our own money, from May 12, 2026.
Its first months on platform are a useful illustration of what a directional strategy actually feels like. It climbed in bursts — with several 3–4 point give-backs along the way — to +11.9% cumulative by July 27, then surrendered nearly half its cumulative gain in three days, closing the month at +6.72% net.
That shape is the strategy working as designed, not failing. It is built for patient capital on a quarterly-to-annual horizon, and drawdowns come with the territory. This is precisely why a directional sleeve diversifies a market-neutral portfolio rather than duplicating it — and why you should size it accordingly.
TVL stands at $2.06M as of July 30. From August 1 the minimum deposit is $1,000.
Options Market Making, by Xanthas
Soft launch June 25, announced July 14 · Market-neutral · BTC volatility · 35% target APY
Xanthas runs an automated market-making system across the Bitcoin volatility surface, with a particular edge in multi-leg structures.
Returns come from two sources:
- Variance risk premium — earned by systematically selling short-dated volatility.
- Relative value — edge from pricing multi-leg option structures better than the market.
One thing we want to be direct about: although delta-neutral, this vault is more volatile than the delta-neutral vaults we have offered before. Per the firm's exchange-verified, pre-platform track record, its max drawdown is around −15%; on platform it has already recorded a 6.82% drawdown in five weeks. The firm targets a 35% APY — but size your allocation with the drawdown in mind, not just the yield.
Not lending. Not staking. Not emissions. An options desk's actual trading P&L, accessible with a Solana wallet.
Since its June 25 soft launch: +1.72% net, and +1.56% in July alone.
HFT Multi-factor, by Vision Research
Live July 17 · Market-neutral · 100+ sub-strategies · $1M capacity
HFT Multi-factor runs more than one hundred sub-strategies built on machine-learning factor models, trading major liquid assets and perpetual futures.
The return engine: bid-ask spread capture and maker rebates, short-horizon alpha signals, and short-lived market inefficiencies. Execution runs on Binance, with Ceffu off-exchange custody and settlement — assets never sit on the exchange itself. Risk is managed with volatility-clustering models and hard drawdown controls.
Before listing on Neutral Trade, the system compiled an 18-month live track record, per the firm's exchange-verified data. Capacity is capped at $1M because high-frequency edges erode with size — small capacity is a feature, not a limitation. The firm targets a 39% APY.
Its first two weeks on platform are essentially flat (−0.30% as of July 30), which is too short a window to read anything into. Minimum deposit: 100 USDC.
Vision Research's full firm profile went live on the app at the end of the month, alongside the vault.
CTA - Longshort Alpha, by C Research
Trading since July 23, announced July 28 · Directional · $1M capacity
The newest addition, and the one with the longest pre-platform track record.
CTA - Longshort Alpha is a systematic long-short book across crypto perpetual futures, with single-digit correlation to peer crypto funds — which is the entire reason it is interesting. A strategy that earns well but moves with everything else you own adds return without adding diversification. This one is built not to.
The edge is contrarian: it profits from market crowdedness and extreme sentiment shifts, positioning against the crowd when it is offside and exiting as prices normalize. Net directional exposure is deliberately kept low. It monitors 500+ symbols around the clock and actively trades roughly the top 30 perpetuals, running three return engines in parallel:
- Intra-day momentum — capturing inefficiencies when markets get crowded
- Funding collection — harvesting funding-rate spreads across perps
- Mean reversion and volatility selling — returns in quiet regimes
Because it is long-short, returns come from relative-value selection — which assets are mispriced against each other — not from calling market direction.
The firm has traded the strategy live since October 2024: 22 months of live returns before it listed here, of which 16 were up and 6 were down, with a worst month of −1.6% (March 2026) and a maximum drawdown across the live track of about −4.2%. It was stress-tested through the October 2025 liquidation cascade, the largest in crypto history.
The firm targets a 24% APY. Capacity is $1M at launch, with 1x NT Points. The team trades roughly 90% of its own capital in the strategy — they win when you win.
A Transition: Cross-Exchange Arb Winds Down
One departure to report honestly. Hyperithm's management made a strategic decision to conclude their Cross-Exchange Arb vault and focus on their new strategy. It closed as one of our most consistent performers: +8.1% since launching December 30, 2025, market-neutral the whole way.
Depositors can withdraw normally — or use Transfer to move straight into any other vault in one transaction, including Hyperithm's own Systematic Alpha.
Strategies on Neutral Trade will come and go by design. Capacity fills, edges shift, firms refocus. The platform is built so your capital can follow the opportunity.
Performance figures are net of fees, share-price based, as of July 30, 2026. Pre-platform track records are provided by the curating firms and verified against exchange data. Past performance does not guarantee future results. Explore all strategies at neutral.trade/strategies.