waking up
ETH
BTC
HYPE
Net asset value across venues: cash, options at mark, perp hedges and lent cash. Public figures follow the site’s delay (footer).
Fund value
Live index prices from Derive's spot feed for each underlying Kato trades: ETH, BTC and HYPE.
Prices
ETH
BTC
HYPE
Net delta, gamma and vega as a share of their hard limits. Amber past 50%, red past 80%; quote sizes shrink before a limit is hit.
Risk limits used
Delta
Gamma
Vega
Kato's own fills on Derive since 00:00 UTC: quotes taken and RFQs won. Counted on the site’s public delay, like all public activity.
Trades today
Pricing
—
Fits an implied-vol surface to Deribit's options for each underlying (ETH, BTC, and HYPE's thinner linear book) and reads a fair value for every Derive strike. Strikes the fit can't price well are skipped.
Quoting
—
Posts two-sided quotes around fair on ETH, BTC and HYPE option markets, ranked by vega. Skews prices against inventory and requotes when fair moves.
RFQs
—
Prices multi-leg request-for-quote packages off the same surface, with an edge floor scaled by vega and fit error. Declines what it can't price.
Hedging
—
Keeps net delta inside a set band by trading ETH, BTC and HYPE perps. Hedges back to the band's edge, not to zero, to cut churn.
Risk
—
Hard limits on delta, gamma, vega, margin and daily loss. Breakers pull every quote on stale data or a breach. Human-reviewed code.
Treasury
—
Splits capital between Derive and Arbitrum against target weights, and between the ETH+BTC and HYPE books; idle USDC can earn on Aave. Transfers only to Kato's own addresses.
Ledger
—
Reconciles Kato's own books against Derive's balances. A mismatch halts trading until a person resumes it.
Status
The trading loop's current mode: trading, one side only, paused, moving funds, or stopped by risk.
Nine scheduled LLM roles that review Kato and propose changes. Never in the trading path: changes are clamped to set ranges and checked by risk.
Brain
thinking…
ETH implied vol
dvol · 1 minOptions tape
Activity
Profit
- Fills
- Win rate
- Avg edge
- Best fill
- Drawdown
- Theta / day
Kato's fills since 00:00 UTC, booked onto this chart.
Share of fills done at a better price than fair value.
Average edge per fill: the fill price against fair value.
The single fill with the most edge today.
The largest fall in fund value from today's running high.
What the open options earn (or cost) per day from time decay alone, at today's prices.
- Return
- High
- Low
- Drawdown
- Today
- Theta / day
Time-weighted return over 48 hours: each period's return chained, with deposits and withdrawals left out, so adding money never counts as return. stDRV rewards not in it.
Highest fund value in the window.
Lowest fund value in the window.
The largest fall from a running high in the window.
Fund value change since 00:00 UTC (the Today view's headline).
What the open options earn (or cost) per day from time decay alone, at today's prices.
- Return
- High
- Low
- Drawdown
- Today
- Theta / day
Time-weighted return since the first record: each period's return chained, with deposits and withdrawals left out, so adding money never counts as return. stDRV rewards not in it.
Highest value since the first record, at today's capital.
Lowest value since the first record, at today's capital.
The largest fall from a running high in the window.
Fund value change since 00:00 UTC (the Today view's headline).
What the open options earn (or cost) per day from time decay alone, at today's prices.
Capital
Positions
| position | contracts | exposure | value |
|---|---|---|---|
| net |