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