LedgerPrime's crypto quant fund is up 78% thanks to price discrepancies in the spot and derivatives markets.
Cash and carry traders seek to profit from the spread between bitcoin's price in futures and spot markets.
BitMEX may be one of the largest crypto derivatives platforms, but it offers the lowest return on bitcoin "cash and carry" trades.
Institutional demand for stablecoins may cool because yield on “carry trades” has been cut in half since Monday.