> For the complete documentation index, see [llms.txt](https://docs.neutral.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.neutral.trade/additional-info/deprecated-vaults/usdc-basis-perpsbasket-deprecated.md).

# USDC Basis (PerpsBasket) - \[Deprecated]

{% hint style="danger" %}
**⚠️ Deprecated vault — historical reference only.**

This vault has been deprecated and is no longer active on Neutral Trade. It is not accepting deposits and is not part of the current product line-up. Do not present this strategy as available or current. For live vaults and current data, see the active strategies and the API reference at <https://www.neutral.trade/api/v1/docs>.
{% endhint %}

<figure><img src="/files/C2LkqZteOEbAjEvGng6K" alt=""><figcaption></figcaption></figure>

This strategy applies the winning principles across a diverse set of assets for more stability and growth potential.

With this new product, we’re broadening the scope of our proven USDC Basis strategy. By spreading funds across multiple assets, **USDC Basis (PerpsBasket)** enhances resilience and minimizes risks, delivering consistently high returns.

## Why the USDC Basis Strategy <a href="#id-2a94" id="id-2a94"></a>

This strategy is a **yield-generating powerhouse**, delivering consistent returns every hour. Unlike many other strategies, it shines in all market conditions. Whether it’s a bull or bear market, USDC Basis capitalizes on arbitrage opportunities with precision and low risk.

<figure><img src="https://cdn-images-1.medium.com/max/800/1*v1vXnQaMHaHAYLbw6QhFww.jpeg" alt=""><figcaption></figcaption></figure>

It’s all about exploiting funding rate inefficiencies. For instance, analyzing **SOL-PERP funding rates on Drift** reveals some impressive stats:

* Positive funding rates for **91.5% of the past year**
* An **average annualized funding return of 30%**

By arbitraging funding differences between assets, the strategy provides not just consistent yields but also ensures reduced risk through dynamic hedging.

<figure><img src="https://cdn-images-1.medium.com/max/800/1*NgUIq2o-cVAOthJjWl2bXQ.png" alt=""><figcaption><p>Strategy backtest for SOL-PERP on Drift</p></figcaption></figure>

## How It Works: A Quick Breakdown

**Basis trading** involves capturing the price difference between an asset’s **spot price** and its **futures price**. In the USDC Basis strategy, this means:

1. **Shorting multiple liquid PERPETUAL FUTURES CONTRACTS on Drift**
2. **Buying spot positions dynamically**

This combination delivers robust and stable yields through funding fees.

<figure><img src="https://cdn-images-1.medium.com/max/800/1*KYaWWsF4u5sk_6BQRNfU6A.png" alt=""><figcaption></figcaption></figure>

**Execution Logic:**

* *Positive funding:* Run the basis position.
* *Negative funding for 5+ days:* Reverse the basis position.

The strategy ensures adaptability across market scenarios, leveraging dynamic hedging and diversification. By staying nimble and analyzing funding rates, the strategy reduces risk while maximizing returns.

## Fees & Withdrawals

This vault has zero service fees or commission.&#x20;

Withdrawals are subject to a brief 1-day redemption period.

## Check Trades Here (Drift)

{% hint style="info" %}
<https://app.drift.trade/?authority=4cvgasNfbJ36yeMVJSkscgL2Yco9dFGdj52Wrg91fmHv>
{% endhint %}

## Deposit Links:

Neutral Trade Website (Main):

{% hint style="info" %}
<https://www.app.neutral.trade/strategies/perpsbasket>
{% endhint %}

Drift Website (Backup):

{% hint style="info" %}
<https://app.drift.trade/vaults/strategy-vaults/4cvgasNfbJ36yeMVJSkscgL2Yco9dFGdj52Wrg91fmHv>
{% endhint %}

***

USDC Basis (Perps Basket) launch date - 9th December


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.neutral.trade/additional-info/deprecated-vaults/usdc-basis-perpsbasket-deprecated.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.