Thernyx Trading — Operations Console

Trading Equity (NAV)

$1,284,500

▲ +0.92% MTD · net of fees

Deployed $1.28M / committed $3.00M

P&L — Today

+$3,142

▲ +0.24% on equity

Realised $2,015 · Unrealised $1,127

P&L — Month to date

+$11,820

▲ +0.92% · ~11% annualised

Base-case target 1.0% / month

24h Volume

$11.24M

MM 64%

MTD $214M · run-rate ≈ base case

Sharpe (30d)

1.82

target > 1.5

Win rate (trades)

57.3%

target > 55%

Fee rebate capture

41%

of gross fees · target 30–50%

Open exposure (gross)

$0.71M

net $0.12M long · 0× leverage

Equity curve & cumulative P&L

Capital allocation by venue

limit 40% / venue

P&L by strategy (MTD)

Risk envelope

Within limits

Daily drawdown

0.4% / 2.0%

Monthly drawdown

1.1% / 5.0%

Max venue weight

22% / 40%

Single-asset

14% / 30%

Leverage

0.0× / 1.0×

Live execution feed

Live

Venue connectivity

Venue	KYB / Account	API	WS	Latency	Rate limit	Balance (USD)	Weight

Maker volume 24h

$7.19M

▲ 64% of total flow

Rebates earned MTD

+$8,640

maker rebate tiers

Avg quoted spread

7.4 bps

across 6 pairs

Fill ratio

31.8%

quotes → fills

Active quoting strategies

Pair	Venue	Bid	Ask	Spread	Inv. skew	Maker vol 24h	Rebate	PnL (24h)	Status

Inventory vs target

auto-rebalance band ±15%

Quote ladder — BTC/USDT @ OKX

depth placed each side

Bid liquidityAsk liquidityMid

Quoting parameters

Target spread6–10 bps

Order refresh750 ms

Max inventory / asset30% capital

Skew modelInventory-linear

Cancel-on-disconnectEnabled

Adverse selection

Toxic fill ratio4.1%

Mark-out (1s)+0.6 bps

Mark-out (30s)-0.2 bps

Quotes pulled (vol spike)12 today

Guardrails

Max position breachNone

Volatility auto-pauseσ > 3.5%/5m

Min book depth$250k

Kill-switchArmed

PnL decomposition (today)

reconciled vs exchange

Spread captured+$6,180

Maker rebates+$8,640

Fees paid−$1,940

Inventory M2M−$2,210

Hedge funding (perp)−$430

Net MM PnL+$10,240

Inventory neutrality — BTC

Neutral

−q_maxtarget 0+q_max

Current inventory (q)+0.42 BTC

q_max (hard cap)±2.50 BTC

Soft limit (0.7·q_max)±1.75 BTC

Reservation skew−1.2 bps (long)

Quoting health

MM program metrics

% time quoting (uptime)98.6%

Fill asymmetry54% buy / 46% sell

Requotes / min41

Post-only rejects0.2%

Micro-price vs mid+0.3 bps

Reference modelAvellaneda–Stoikov

Arb PnL today

+$1,284

▲ 9 captured

Opportunities / hr

38

above 6 bps net

Hit rate

62%

executed vs signalled

Avg net spread

11.3 bps

post fees + transfer

Live opportunities scanning 8 venues

Type	Instrument	Buy @	Bid	Sell @	Ask	Gross	Net*	Size	Action

*Net spread after taker fees, est. on-chain/internal transfer cost and slippage. Auto-exec fires only above the configured net-bps floor with pre-positioned inventory (no settlement-leg risk).

Cross-venue price matrix

deviation vs consolidated mid (bps)

Strategy mix

Cross-exchangespot vs spot, same asset

TriangularA→B→C→A within venue

Cross-pair / statUSDT/USDC, BTC/ETH ratio

Working orders

42

across 5 venues

Fills today

318

▲ 182 maker / 136 taker

Avg slippage

1.2 bps

vs arrival mid

Fees paid today

-$1,940

rebates +$2,610 net +$670

Working orders

Time	Venue	Pair	Side	Type	Price	Qty	Filled	Strategy	TIF	Status

Trade blotter — recent fills

Live

Time	Pair	Side	Venue	Price	Qty	Value	Liq.

Routing & latency

order ack round-trip

Smart order routerActive

Avg ack latency38 ms

Reject rate0.3%

WS reconnects (24h)2

Gross exposure

$0.71M

55% of equity

Net exposure

+$0.12M

net long · 9%

VaR (95%, 1d)

$14.6k

1.1% of equity

Leverage

0.00×

spot-only · no margin

Open positions

Asset	Venue(s)	Side	Qty	Avg price	Mark	Value	uPnL	% equity	Limit

Risk limits — board-approved

All green

Position / asset

14% / 30%

Position / pair

13% / 20%

Capital / venue

22% / 40%

Venue count

5 / ≥3

Daily drawdown

0.4% / 2.0%

Monthly drawdown

1.1% / 5.0%

Automatic trading halt triggers if monthly drawdown exceeds 5%. All limits monitored in real time and enforced at the OEMS gateway.

Exposure by asset

Stress scenarios

Scenario	Equity impact	Breach
BTC −20% / 24h	−$48.2k (−3.8%)	OK
Stablecoin depeg −2%	−$9.1k (−0.7%)	OK
Venue outage (top)	−$2.8k funding lock	Watch
Liquidity −50% all books	−$21.4k (−1.7%)	OK

API key manager

Read-only keys only. On import, the panel verifies the key and rejects any key with trade or withdrawal scope. Secrets are encrypted at rest (HSM), IP-allowlisted, and never displayed again after saving.

Venue	Label	API key	Read	Trade	Withdraw	IP allowlist	Last test	Status	Actions

Exchange API capabilities & auth model

Exchange	Auth credentials	Balances endpoint (read-only)	WebSocket	Doc

All venues authenticate read endpoints with HMAC-SHA256 over timestamp + method + path + body. Bitget, OKX, Crypto.com & KuCoin additionally require a passphrase set at key creation; Kraken/Bybit/Gate.io do not.

Total NAV (all venues + bank)

$1,284,500

reconciled 09:00 GST

On exchanges

$1,062,300

82.7% deployed

UAE corporate bank

$222,200

settlement buffer

Pending transfers

2

awaiting 2nd approval

Capital deployment plan

USD 3.0M committed

Deployed $1.28MCommitted $3.00M

Phase 1 — validation ($0.5–1.0M)✓ Complete

Phase 2 — scale to $2.0M● In progress

Phase 3 — full $3.0MQ1 2027+

Settlement flow

Bank → Venue → Bank

Balances by venue

Venue	USDT/USDC	BTC	ETH	SOL	Total USD	Weight	Status

Pending transfers — four-eyes

Direction	Amount	To	Initiator	Approval
Bank → OKX	150,000 USDT	Whitelisted	G. Rezende	1 of 2
Bybit → Bank	$80,000	FAB ****2210	G. Nunes	1 of 2
Kraken → Bitget	0.85 BTC	Whitelisted	G. Rezende	Approved

Whitelisted addresses

address-book locked

BTC · Kraken depositbc1q…7f3a ✓

ETH · OKX deposit0x9c…21bd ✓

USDT (TRC20) · BitgetTJ9k…r4Qe ✓

USDC (ERC20) · Bybit0x4a…ff09 ✓

New addresses require dual authorisation and a 24h cooldown before first use.

Sanctions screening

Clear

OFAC / UN / EU · live

Wallet risk (analytics)

Low

TRM / Chainalysis feed

Open alerts

1

1 medium · 0 high

Audit trail

100%

orders + transfers logged

Surveillance & control log

retained ≥ 6 years

Time (UTC)	Event	Detail	Severity

Controls status

Pre-trade limit checksEnforced

Four-eyes on fund movesArmed

Address whitelistingLocked

Travel Rule readinessStandby

Self-trade preventionOn

Segregation of dutiesActive

KYB / document expiry tracker

Document	Scope	Expiry	Status
DMCC Trade Licence	FZCO	27 Jan 2027	Valid
VARA NOC	FZCO	27 Jan 2027	Valid
Proof of business address	Kraken KYB	refresh ~90d	Renew soon
Share certificate	Holding	27 Jan 2027	Valid

Regulatory perimeter

ActivityVA proprietary trading

ScopeSpot only · CEX · own capital

No client funds / custodyConfirmed

LicensingDMCC · VARA perimeter

AML/CTFUAE DL 20/2018 · FATF

"The market is volatile. Our process isn't." — controls aligned to the VARA Compliance & Risk Management Rulebook and FATF R.15/R.16.

Trading pairs

Click a pair to enable/disable it on the selected venue. Greyed pairs aren't listed on that venue.

Enabled pairs

0 pairs

Coverage matrix — pair × venue

● enabled · ○ available, not enabled · — not listed on venue. A pair must be enabled on ≥2 venues to be eligible for cross-exchange arbitrage.

Bot engine connection

Connected

Gateway endpoint

API token

Enginethernyx-mm-core

Versionv0.4.2 · Rust

Heartbeat2s ago

Run mode

Engine running

master on / off

Auto-deploy on save

push config immediately

Cancel-on-disconnect

exchange dead-man switch

Strategy controller

Describe your strategy

Claude

Examples — click to use

Runs server-side via a Cloudflare Pages Function (/api/compose) that holds the Anthropic key as a secret — never exposed to the browser. Output is a draft for review, not auto-deployed.

Composed profile

Write a strategy and click Compose with Claude — the structured parameters, IF/THEN automations and risk controls appear here, ready to apply to the Bot Configuration.

Command Centre

Equity curve & cumulative P&L

Capital allocation by venue

P&L by strategy (MTD)

Risk envelope

Live execution feed

Inventory vs target

Quote ladder — BTC/USDT @ OKX

Quoting parameters

Adverse selection

Guardrails

PnL decomposition (today)

Inventory neutrality — BTC

Quoting health

Cross-venue price matrix

Strategy mix

Trade blotter — recent fills

Routing & latency

Risk limits — board-approved

Exposure by asset

Stress scenarios

Capital deployment plan

Settlement flow

Pending transfers — four-eyes

Whitelisted addresses

Surveillance & control log

Controls status

KYB / document expiry tracker

Regulatory perimeter

Trading pairs

Enabled pairs

Bot engine connection

Run mode

Market making — quoting parameters

Risk manager & kill-switch

Arbitrage controller

Config profile

Describe your strategy

Composed profile

Equity curve & cumulative P&L

Capital allocation by venue

P&L by strategy (MTD)

Risk envelope

Live execution feed

Inventory vs target

Quote ladder — BTC/USDT @ OKX

Quoting parameters

Adverse selection

Guardrails

PnL decomposition (today)

Inventory neutrality — BTC

Quoting health

Cross-venue price matrix

Strategy mix

Trade blotter — recent fills

Routing & latency

Risk limits — board-approved

Exposure by asset

Stress scenarios

Capital deployment plan

Settlement flow

Pending transfers — four-eyes

Whitelisted addresses

Surveillance & control log

Controls status

KYB / document expiry tracker

Regulatory perimeter

Trading pairs

Enabled pairs

Bot engine connection

Run mode

Market making — quoting parameters

Risk manager & kill-switch

Arbitrage controller

Config profile

Describe your strategy

Composed profile

Add API key