P-TRADING / V1.8
Inventory control
LIVE EXECUTION DISABLEDSYNTHETIC / NO ACCOUNT CONNECTION
VenueOKXEnvironmentSYNTHETICStrategyTREND_POSITIONMarket dataFRESH / 12 msFeed / WSSYNTHETIC / NO LIVE SOCKETRiskOKKill switchCLEAR (DEMO)
Target vs actual inventory
synthetic-unified-mm / OKX / BTC- Target q*
- 0.2305
- Actual q
- 0.06
- Inventory error
- 0.1705
- Maximum inventory
- 0.25
- Utilization
- 24%
- Urgency
- REBALANCE
- Reservation adjustment
- 10.2293USDT
- Quote-time q
- 0.06
Why this quote?
All displacements in USDT / unit| Layer | Contribution |
|---|---|
| Mid | 100,016.4664 |
| OBI | 1.4933 |
| OFI | 1.9987 |
| TFI | 3.6025 |
| Momentum | 3.5603 |
| Fair price | 100,027.1213 |
| Inventory adjustment | 10.2293 |
| Reservation price | 100,037.3506 |
| Half-spread / Base / synthetic fee allowance | 20.0033 |
| Half-spread / Volatility | 5.2523 |
| Quote skew | 10.2293 |
| Bid / Ask | 100,012 / 100,062.7 |
Tick rounding and passive non-crossing constraints applied. Synthetic weights are not calibrated source-strategy alpha.
PnL & attribution
USDT / synthetic, not performance evidence- Total PnL
- 0.1196
- Gross realized
- 3.841
- Unrealized / inventory
- 0.679
- Fees
- 4.4004
- Maker rebates
- 0
- Spread capture (diagnostic)
- 3.338
- Adverse selection attribution
- UNAVAILABLE
- Slippage attribution
- UNAVAILABLE
Total = gross realized + unrealized - fees + rebates. Spread capture and markouts are overlapping diagnostics, not extra accounting legs.
Frozen synthetic L1 / fills / uncalibrated illustrative controlEvidence & research gates
Portfolio reference
PORTFOLIO INTELLIGENCE
Combined exposure
Synthetic weights demonstrate the portfolio abstraction; they are not target allocations.
Gross notional$42,800Synthetic
Net notional$8,450Synthetic
Daily PnL+$486Synthetic
Drawdown1.7%Limit 8%
PWOL Factor Candidate Basket10%
PTFT BTC Trend Paper38%
PMMT BTC Market Making36%
SMT Regime Coordinator16%
Common-risk review
BTC directional and market-making exposure share one synthetic risk factor