Founded by traders and technologists

Liquibit has specialized in market-neutral arbitrage across digital assets since 2014. Two decades in global markets showed us what institutional standards look like. We built Liquibit to bring them to digital assets.

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Our History

2014
We built the first generation of our trading platform and began market-making on BitMEX.
2016
The firm expanded its cash-and-carry arbitrage activities across multiple exchanges.
2018
We incorporated Liquibit Limited as our holding company.
The trading desk expanded substantially.
2020
We launched the Liquibit USD Market Neutral Arbitrage Fund (LUMNAF) in June, registered with the Cayman Islands Monetary Authority (CIMA).
2021
LUMNAF closed its first full calendar year at 34.5% gross, 47% gross since inception.
2022
Weathered the FTX collapse, marking our only counterparty loss since trading began in 2014.
2023
LUMNAF generated a gross return of over 20%, while trading costs declined 70% from 2021 levels.
2024
LUMNAF returned 35% gross, its best year since inception.
BTC+ launched in Q2, giving investors direct bitcoin exposure with yield enhancement.
Named Best Performing Fund 2024, Market Neutral Digital Currency Arbitrage (Quant), by The Hedge Fund Journal.
2025
Firm AUM surpassed US$100 million.
LUMNAF completed five years of audited track record.

Liquibit's DNA

Our team built its experience on trading desks, in prime finance and capital markets, and the technology behind them.

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Investment Strategy

Every venue prices the same asset differently and sets its own funding. LUMNAF takes both sides of that gap and holds until it closes. The methodology is equity derivatives index arbitrage and delta-one. Arbitrage is all we do.

Strictly market-neutral. All positions and returns hedged to USD or BTC.
Multi-venue. Dislocations appear wherever venues disagree. We are connected to trade them.
Structural returns. Driven by market structure, not market direction. We have traded this way since 2014; our flagship fund since 2020.
Uncorrelated by construction. Complements both traditional portfolios and directional crypto allocations.
Beyond crypto. The same arbitrage applied to tokenized equities, commodities and indices.

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Risk Management

A market-neutral book is not a riskless one. When direction is hedged away, what remains is counterparty, margin and operational risk. Those are the risks that end funds in this market. We treat all three as first-order concerns.

Counterparty. No venue trades our capital until it clears internal due diligence. Every counterparty carries a hard exposure cap.
Margin. Crypto venues don't issue margin calls. They liquidate. We monitor exposure 24/7 and hold collateral well above every venue's liquidation threshold.
Operational. Maker-checker on every wallet whitelist and every fund movement. No exceptions.

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Technology

In arbitrage, the opportunity is visible to everyone. Capturing it is an engineering challenge. We build and operate our own platform, with direct connections to every venue. By avoiding third-party middleware, we can adapt faster as markets evolve, control how and where we deploy, and work directly with venues rather than through intermediaries.

Co-located. Direct connectivity across multiple venues, quoting and trading 24/7.
Fault tolerant by design. No single point of failure across execution, data and connectivity.
Proprietary. Platform covering pricing, trading and risk, built and maintained by us.
Rapid deployment. Agile development puts new algos into production as opportunities appear.
Security audited. Internal and external reviews.