Aegis YUSD

Aegis performs funding rate arbitrage through delta-neutral trades in spot and perpetual markets, effectively generating profits from funding fees. These fees, disbursed three times daily, align perpetual contract and spot prices, ultimately rewarding YUSD holders.

## Overview Aegis YUSD is a basis trading tool that executes delta-neutral arbitrage strategies across spot and perpetual futures markets. The mechanism is straightforward: it identifies and exploits the funding rate differential between perpetual contracts and spot prices by simultaneously holding long positions in spot markets and short positions in perpetual futures (or vice versa). The spread between these two legs—captured as funding fees paid three times daily—represents the profit margin. Holders of YUSD tokens receive a share of these accumulated fees, creating a revenue stream tied di