Equity Carry Explained
The economic sources and risks behind market-neutral equity strategies.
Carry is the net economic result of paired exposures, funding, basis, fees, and hedge performance—not a fixed yield.
Paired exposure
A market-neutral strategy pairs spot or synthetic exposure with an offsetting hedge. The target is to reduce directional equity risk while capturing relative pricing or funding.
When carry turns negative
Financing costs, basis changes, borrow constraints, execution slippage, and hedge mismatch can exceed earned revenue.
Protocol scope
ACCURATE connects token markets, reserve mandates, leverage profiles, revenue policy, buyback accounting, and source-backed reporting through one product system.
This publication describes protocol research and policy design. It is not investment advice or a performance forecast. Robinhood Chain references do not imply endorsement.