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Basis trade

Status: Live (jurisdiction-gated) | MCP tool: strategy_basis_trade_create

Funding-harvest perp short leg -- opens/manages only the short side of a delta-neutral basis trade while funding is favourable (> min_funding) and closes when it decays. Approximate: the spot long that would make the book delta-neutral is held separately by the caller (flagged approximate + funding_not_modeled -- funding P&L itself is not simulated live).

Params

Param Type Default Meaning
wallet_address string required Agent's managed wallet address.
target_token string required Perp market symbol (only assets with a mapped perp market can open; currently SOL).
usd_per_trade float required USD size for the perp short leg.
interval_seconds int 300 Tick cadence.
funding_lookback int 24 Ticks of funding-rate history read for the signal.
min_funding float 0.0 Minimum favourable funding to open/hold the short.
leverage float 1.0 Leverage on the short leg.
venue string none Perps venue (defaults to the configured primary).
acknowledge_tier_b bool false Required true to write to a Tier B (custodied) venue.
slippage_bps int 50 Max slippage per fill.

risk (optional dict, all percent units, <= 0 disables that single guard; omitted keys keep the model's safe defaults): max_position_pct, max_portfolio_exposure_pct, max_single_loss_pct, max_drawdown_pct, max_daily_loss_pct.

Example create call

result = await client.call_tool("strategy_basis_trade_create", {
    "wallet_address": "<AGENT_PUBLIC_KEY>",
    "target_token": "SOL",
    "usd_per_trade": 50,
    "min_funding": 0.0001,
    "leverage": 1.0,
    "interval_seconds": 300,
})

A successful create returns strategy_id, strategy_type, status, schedule, and managed_signing (whether the wallet has a Turnkey signer -- false means each tick returns an unsigned tx to sign).

Policy interaction

Every create call runs through the same gate stack as a hand-built trade before it persists: rate limiting, identity/capability check, the per-wallet policy_gate (action strategy_create, plus venue on the policy gate's venue check when explicitly named), USD-notional sizing against policy limits (derived from the USD budget param below), an idempotency check, and the platform kill switch. A wallet without a Turnkey signing key still gets the strategy -- each due tick returns an unsigned transaction for the owner to sign instead of executing autonomously.

Routes the perp leg through the venue adapter (hard rule 2). A Tier B (venue-custodied) venue refuses the write unless acknowledge_tier_b=true. See the Perps playbook for the underlying open/monitor/funding/close mechanics this strategy automates.

Lifecycle

Every strategy type shares one lifecycle surface once created:

  • strategy_status(strategy_id, wallet_address) -- config, state, P&L, next tick.
  • strategy_modify(strategy_id, wallet_address, config_updates=..., risk=..., ...) -- retune in place without losing execution history; fields that define WHAT the strategy trades (target_token / source_token / tracked_wallet / venue / a composite definition) are immutable and refused -- cancel and create a new strategy to change those.
  • strategy_pause / strategy_resume -- manual pause and re-enable.
  • strategy_cancel(strategy_id, wallet_address) -- stop for good (terminal).
  • strategy_list(wallet_address, detail="concise"|"full") -- every strategy the wallet owns.

Full param docs for all six lifecycle tools: MCP tool reference.

See also