> 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/market-neutral.md).

# Market Neutral

**Discover Market Neutral Strategies**

Market-neutral strategies hold offsetting long and short positions designed to produce returns independent of broad market direction.

Yield comes from spread capture, funding rate differentials, basis arbitrage, and volatility risk premia rather than from price appreciation.