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Yield Guide0.0% - 3.9% APYAdvanced
Live Data·Updated today at 10:50·via DefiLlama

Best Delta Neutral Yields

Earn yield without directional exposure. Top delta-neutral strategies in DeFi.

Content updated: 2/12/2024Rates updated: 4/2/2026, 10:50:41 AMmedium risk
ProtocolAssetChainAPYRisk
GMXHedgedHedged GLPArbitrum3.93%LIVEmedium
HyperliquidBasis tradeArbitrum20%medium
AaveSupply/borrow loopEthereum0.00%LIVElow

APY rates marked "LIVE" reflect real-time market data from DefiLlama as of 4/2/2026, 10:50:41 AM. Rates update hourly.

Best Delta Neutral Yields in 2026

Delta-neutral strategies earn yield while hedging price exposure. Ideal for stable returns regardless of market direction.

What is Delta Neutral?

Your position value does not change with asset price movements. You earn from other sources like funding rates or fees.

Top Strategies

Funding Rate Arbitrage

  • Long spot, short perp
  • Earn positive funding rates
  • Works best in bull markets

Basis Trading

  • Buy spot, sell futures
  • Lock in contango premium
  • Lower risk than funding

LP Hedging

  • Provide liquidity
  • Hedge IL with perps
  • Net positive from fees

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