HardBasis

Traditional perps

Funding is opaque. PnL accumulates invisibly. Risk cliffs trigger liquidation cascades. Venues monetize volatility chaos.

• Hidden funding mechanics
• Cliff liquidations
• Risk deferred until it breaks

HardBasis design

Carry is market-priced. Settlement is continuous. Risk is smoothed through disciplined structure.

• Transparent carry auctions
• Interval PnL settlement
• Auto-unwind risk controls

BTC Carry Perpetual

A Bitcoin-native carry market built for structural exposure. No expiry. Carry clears openly. PnL settles every interval.

• No expiry
• Hourly carry clearing
• 30-second PnL settlement
• Isolated margin
• Auto-unwind under stress

Bitcoin-native collateral

Margin is real Bitcoin. Exposure is denominated in BTC. Capital discipline is enforced by design.

Aligned incentives

HardBasis is designed for stability. We do not optimize for liquidation events. We optimize for pricing integrity and disciplined risk.

• Carry is explicit and market-set
• Settlement reduces deferred risk
• Controls prioritize orderly markets

Measured by structure

In volatility, the goal is calm execution. Clear rules. Transparent mechanics. Infrastructure that holds.

• Factual communications
• Data-forward interface
• Risk discipline by default

Built for

• Bitcoin-native traders
• Funds and proprietary desks
• Capital allocators seeking structured exposure
• Sophisticated retail

Not built for

If you’re looking for 100× leverage and leaderboard contests, you are in the wrong place. If you want disciplined carry markets, you are home.