# AlphaShell

> Self-hosted software that earns delta neutral funding yield on perp DEXes. Your keys and your USDC stay in your own accounts. No performance fee, no lock-up.

AlphaShell automates delta neutral basis trading on perpetual DEXes. The operator installs it on infrastructure they control, so capital and keys never leave their own venue accounts. It is licensed software, not a fund, not a vault and not a custodian.

## Key facts

- Strategy: delta neutral basis trading. Matched long and short legs of the same size collect the funding spread, so a price move gains on one leg what it loses on the other.
- Custody: non-custodial. AlphaShell runs on the operator's own infrastructure and trades through trade-only agent keys generated there; those keys cannot withdraw, transfer or move funds.
- Fees: a flat monthly software subscription from $5, with no performance fee and no share of returns. First month free on every plan, 20% off when 12 months are prepaid.
- Capital: stablecoin collateral held in the operator's own perp DEX accounts, USDC on most venues and USDG on the Robinhood Chain ones. $1,000 of capital is recommended; AlphaShell runs with as little as $50.
- Venues: live on Hyperliquid and its HIP-3 sub-DEXes, Extended, Lighter, Lighter on Robinhood Chain and Arcus, which adds perps on equities, index and commodity ETFs alongside crypto. More venues to follow.
- Deployment: install it yourself on a computer or server, deploy it on your own Kubernetes cluster with our help, or run it on dedicated hardware.
- Exit: no lock-up, no notice period and no withdrawal queue. Positions can be unwound and funds withdrawn directly through the venue at any time.
- Extras: venue points earned by the volume the engine generates stay on the operator's own account.
- Limits: AlphaShell is software, not a fund, not a vault, not a custodian and not investment advice. Delta neutral reduces exposure to price moves but does not remove risk; funding can turn negative and a leg can be liquidated.

## Pages

- [Overview](https://www.alphashell.io): What AlphaShell is, where the delta neutral yield comes from, how it compares with other ways to earn yield in DeFi, and the live market opportunity the engine measures.
- [Documentation](https://www.alphashell.io/docs): Basis trading explained from scratch, the supported venues, the three deployment options, how to approve trade-only agent keys and how to stop and withdraw.
- [Pricing](https://www.alphashell.io/pricing): Flat monthly software plans from $5, each with a capital ceiling, first month free on every plan and no performance fee.
- [Transparency](https://www.alphashell.io/transparency): Wallets run by AlphaShell with their risk limits, every execution and fill, the funding collected and all capital movements, verifiable on-chain.
- [Terms and Conditions](https://www.alphashell.io/terms): Licence terms, what AlphaShell is and is not, and the full risk disclosure.

## Live data

Public JSON endpoints, the same ones the site itself reads. Decimal values are serialised as strings.

- [/api/public/wallet-metrics](https://www.alphashell.io/api/public/wallet-metrics): Equity and trailing 7-day delta neutral APR of the public reference wallet.
- [/api/public/delta-neutral-capacity](https://www.alphashell.io/api/public/delta-neutral-capacity): Total depth currently available in delta neutral spreads above the engine's APR threshold, with the number of qualifying pairs.
- [/api/public/showcase/wallets](https://www.alphashell.io/api/public/showcase/wallets): Wallets published on the transparency page, each with its address, equity and trailing 7-day delta neutral APR.

## Optional

- [Full site content](https://www.alphashell.io/llms-full.txt): the whole proposition, comparison table, venues, deployment options, pricing, risks and FAQ in one markdown file.
- [Telegram community](https://t.me/+37qHXo9Sw0oxYzlk): public group where the team answers questions and announces releases, venue integrations and early-access spots.
- [AlphaShell on X](https://x.com/alphashellio): announcements and live notes.