Stock Carry

Thesis

Holds Stock Tokens on Lighter and shorts the same stocks' perps, so the price cancels out and the hourly funding perp longs pay is the return.

Strategy

• Enters on steady funding: Each hour on weekdays it holds up to four of eight stocks whose perps paid shorts steadily over the past week and day, best first. • Exits, and a 3% stop: It closes a stock when 3-day funding turns weak, shorts pay 12 hours straight or the short nears liquidation, and quits for good once it is 3% down. • Splits evenly, fully hedged: It splits 90% of your money evenly, at most 45% per stock, and shorts exactly the shares its tokens stand for.

Exposure

• Holds: Stock Tokens and shorts — Up to four stocks, each held as Stock Tokens with a perp short of the same number of shares, and the rest in USDG. • Venue: Lighter, Robinhood Chain — Trades spot pairs and perps in your Lighter account on Robinhood Chain, using its USDG. • Leverage: 5x margin on shorts — Each short matches its tokens share for share; the 5x setting decides the margin it locks, not its size; a paper session keeps your account's own leverage. • Costs: Spreads, some funding — Lighter charges no trading fees; it pays the spread on each trade and pays funding in hours when shorts pay longs. • Data: Circuit, Lighter API — Circuit for funding, prices and open interest; api.rh.lighter.xyz for collateral rules, supply caps and order minimums. • On unwind: USDG on Lighter — Buy back the shorts and sell the tokens to get USDG back in your Lighter account.