Atticus Volume Facility — Shadow Pilot

Live shadow of Atticus's self-funding volume facility: real venue options pricing, paper settlement, every leg auditable. Read-only · no live capital · auto-refresh 30s · generated 2026-08-06T23:18:58.739Z

RUNNING verdict: TRACK RECORD CLEAN

Shadow

RUNNING

last run 644s ago

Cycles run

next in ~256s

Sessions

1745

in track record

Open rate

98%

61/62 positions

Oracle verified

100%

healthy 100%

Reconciled

100%

0 w/ drift

Lifecycle complete

100%

Peak exposure

0.0%

avg 0.0%

Floor used

6.3%

max 10.0% · deeper floor = wider cap (6% elevated override)

Realized fee

0 bps

Atticus fee negotiated separately — not modeled

Capital-aware net

-0.0359 bps

−0.0359 bps IM drag (measured 14.0%/notional, PM 0.078)

Credit accrued

$2659.02

net to client $0

Realized settlement economics (forward-settled at real expiry price)

Settled

avg held 24.13h

Atticus option net (hedged)

0 bps — back-to-back hedge receipt nets the client payout ⟹ ~0

Book payout (un-hedged view)

-1.5154 bps

$-431.88 client-facing only — swings at real tenor; not Atticus risk

Floor paid

cap hit 4%

Realized fee

Atticus fee negotiated separately — not modeled

Venue option fees

$441.13

net after fees+capital $-10.26 (-0.036 bps)

Net after capital

$-10.26

-0.036 bps · −$10.26 IM cost · peak IM $546

Net to client

$2052.23

credit $2484.11 + payout

Payout range

$-325.93 … $0

avg $-7.58

Client view — perp book + credit (modelled; live = partner-venue feed)

Net perp P&L (flatness)

$773.49

2.714 bps — matched long/short net ⟹ ~0 (gross moved $29508.97)

Net funding carry

$-99.34

assumed perp funding spread across venues (0 unless venue rates set)

Credit vs fees

no fee assumed

credit $2484.11 · awaiting the real per-trade cost — add ?fee=25 to model

Client all-in net

$2726.38

9.5662 bps — perps + funding + collar + credit − fees

Perp book by venue: dYdX 19 (P&L $-1089.28, funding $-36.16) · Bluefin 21 (P&L $-47.99, funding $-18.06) · Hyperliquid 17 (P&L $1910.76, funding $-45.12)

recent (settle)	side	venue	entry → settle	move	perp P&L	funding	collar	credit	net
2026-08-06 20:22	long	Hyperliquid	$64881 → $64434	-0.69%	$-344.29	$-15.06	$0	$35.79	$-323.56
2026-08-06 20:22	short	dYdX	$64887 → $64427	-0.71%	$354.22	$12.05	$0	$53.39	$419.66
2026-08-06 20:22	long	dYdX	$64975 → $64427	-0.84%	$-421.35	$-12.01	$0	$34.05	$-399.31
2026-08-06 20:22	short	Bluefin	$64955 → $64447	-0.78%	$391.6	$18.01	$0	$45.71	$455.32
2026-08-06 20:07	long	Bluefin	$64868 → $64489	-0.58%	$-291.88	$-18.18	$0	$15.06	$-295
2026-08-06 20:07	short	Hyperliquid	$64881 → $64476	-0.62%	$311.75	$15.15	$0	$53.34	$380.24
2026-08-06 06:19	long	dYdX	$64320 → $64682	0.56%	$281.11	$-12.05	$0	$32.2	$301.26
2026-08-06 06:19	short	Bluefin	$64301 → $64702	0.62%	$-311.28	$18.08	$0	$30.28	$-262.92
2026-08-06 05:18	long	Hyperliquid	$64274 → $64919	1.00%	$502.08	$-15.02	$0	$26.08	$513.14
2026-08-06 05:18	short	dYdX	$64280 → $64913	0.98%	$-491.98	$12.02	$0	$31.04	$-448.92

Regime & realized vol — is the credit clearing the bleed? (staggered daily P&L)

Realized vol

1.29%/day

24.63% annualized (caps priced ~50%) · avg |move| 1.04%

Credit clears bleed? YES

$2,871

net = credit $2,484 + collar −$432 · no fee assumed (?fee=25 to model)

Avg day (client net)

$159

72% of days positive · 18 days

Day spread (smoothing)

±$839

best $1,154 · worst −$2,111 — staggering shrinks this

Regime gate: ELEVATED

throttle ×1 + wider cap

live avg |move| 1.023% ≥ elevated 1.02% (hysteresis: exit below 1.02%) — widen cap (floor 0.06) + throttle opens ×1

day	positions	realized vol	avg move	credit	collar	client net
2026-08-06	17	0.67%	0.15%	$630	$0	$996
2026-08-05	3	0.32%	0.63%	$128	$0	$79
2026-08-04	1	0%	2.03%	$80	$0	−$937
2026-08-03	2	0.36%	-0.41%	$35	$0	$393
2026-08-02	2	0.6%	0.58%	$49	$0	$631
2026-08-01	2	0.46%	-0.69%	$122	$0	$813
2026-07-31	2	0.93%	-2.17%	$58	$0	−$2,111
2026-07-30	2	0.76%	0.69%	$59	$0	$754
2026-07-29	5	0.53%	1.16%	$293	$0	$331
2026-07-28	1	0%	-2.92%	$22	−$326	$1,154
2026-07-27	5	1.88%	-0.63%	$238	−$106	−$277
2026-07-26	2	0.18%	0.77%	$70	$0	$254
2026-07-25	2	1.05%	-0.97%	$63	$0	−$904
2026-07-24	2	0.38%	-0.77%	$162	$0	$931

Cross-venue lifecycle (live overlay)

Basis

8.9071 bps

within tolerance

Credit vesting

10.48%

$8.8 of $83.97 accrued

Modeled collateral

$25000

available (paper; sized to the pilot facility)

Barrier touches

gap→reserve $0 · →client $0

Lock watcher

armed

no touches this cycle — early unwind permits only when leg buyback ≤ unvested credit

Flags

No flags.

Recent sessions

time	opened	peakExp	fee	oracle	recon	lifecycle
2026-08-06 23:08:14.479Z	0/0	0%	$0	✓	✓	✓
2026-08-06 22:53:08.777Z	0/0	0%	$0	✓	✓	✓
2026-08-06 22:38:03.093Z	0/0	0%	$0	✓	✓	✓
2026-08-06 22:22:57.757Z	0/0	0%	$0	✓	✓	✓
2026-08-06 22:07:51.117Z	0/0	0%	$0	✓	✓	✓
2026-08-06 21:52:45.198Z	0/0	0%	$0	✓	✓	✓
2026-08-06 21:37:39.425Z	0/0	0%	$0	✓	✓	✓
2026-08-06 21:22:33.403Z	0/0	0%	$0	✓	✓	✓
2026-08-06 21:07:27.371Z	0/0	0%	$0	✓	✓	✓
2026-08-06 20:52:21.428Z	0/0	0%	$0	✓	✓	✓
2026-08-06 20:37:16.013Z	2/2	0%	$0	✓	✓	✓
2026-08-06 20:22:10.335Z	0/0	0%	$0	✓	✓	✓
2026-08-06 20:07:04.854Z	0/0	0%	$0	✓	✓	✓
2026-08-06 19:51:58.612Z	0/0	0%	$0	✓	✓	✓
2026-08-06 19:36:51.884Z	0/0	0%	$0	✓	✓	✓

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