> 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/for-capital-allocators/deprecated-vaults/usdc-basis-perpsbasket-deprecated.md).

# USDC Basis (PerpsBasket) - \[Deprecated]

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**⚠️ Deprecated vault — historical reference only.**

This vault has been deprecated and is no longer active on Neutral Trade.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.

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

## Check Trades Here (Drift)

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<https://app.drift.trade/?authority=4cvgasNfbJ36yeMVJSkscgL2Yco9dFGdj52Wrg91fmHv>
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## Deposit Links:

Neutral Trade Website (Main):

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<https://www.app.neutral.trade/strategies/perpsbasket>
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Drift Website (Backup):

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

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