CHARLIE CMFDH II

Live dashboard · quarterly fund · auto-refresh 5min
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Q2 2026 Auto-refresh
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BTC Spot Price
Net Delta (BTC)
Theta / day
Vega
Days to JUN26
IM (BTC)
Qtr P/L (BTC)
Account Balance (BTC/USD)
Open positions
Futures
Options
Position PnL (since entry)

AI Analysis greeks client-side · income run updated every weekday 07:00 Bali

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Open positions live from /deribit/positions (future + option)

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CMFDH II strategy reference from levenstein.net

Crypto Money Fund Dollar Hedge II

Designed to mitigate downside risk while generating uncorrelated yield through crypto derivatives. Similar framework to original CMFDH but not strictly zero-delta — discretionary drift allowed. Quarterly rebalancing; positions move mid-quarter only on assignment, calendar swap, or material strike-roll events.

Long-term IRR target
52% CAGR (annualized)
Year-1 (2023) gross
+125% before fees
Q1 2026
BTC −22% · fund outperformed by ~12pp
Mgmt fee
0.5% / quarter
Success fee
20% of quarterly profit
Liquidity
Quarterly, 2-week notice, no gates

Daily fund balance & total return daily balance · net return since Jan 2023 (updated quarterly)

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Date Balance (BTC) Balance (USD)
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Daily fund balance recorded each weekday morning (07:00 Bali) from the live Deribit account balance; newest on top. USD marked @spot uses the live BTC price until that day’s close value is recorded. Net return above is time-weighted and net of fees, with all deposits and withdrawals removed — refreshed quarterly from the returns engine, not derived from the daily balance line.