The hidden cost of splitting hedges 👀
$HYPE and $SOL traders often use a perp for the core position and an option to reshape the risk, to me, those legs are one trade because both respond to the same underlying move.
When venues split them, each margin system sees only half the strategy.
Collateral must be maintained in both accounts, and neither venue recognizes the offsetting exposure.
This is the part I think traders overlook when comparing derivatives venues.
Fees and liquidity matter, but the account structure can change how efficiently the hedge is held.
Aevo keeps options and perps inside one account and collateral pool, so for accounts above $5k in equity, portfolio margin can net options against perps on the same underlying.
A SOL put can therefore be assessed alongside a SOL perp instead of each leg existing in a separate account.
In DeFi, that can matter before the PnL even starts moving 🔥
#Macro Insights#
$HYPE and $SOL traders often use a perp for the core position and an option to reshape the risk, to me, those legs are one trade because both respond to the same underlying move.
When venues split them, each margin system sees only half the strategy.
Collateral must be maintained in both accounts, and neither venue recognizes the offsetting exposure.
This is the part I think traders overlook when comparing derivatives venues.
Fees and liquidity matter, but the account structure can change how efficiently the hedge is held.
Aevo keeps options and perps inside one account and collateral pool, so for accounts above $5k in equity, portfolio margin can net options against perps on the same underlying.
A SOL put can therefore be assessed alongside a SOL perp instead of each leg existing in a separate account.
In DeFi, that can matter before the PnL even starts moving 🔥
#Macro Insights#
