Risk buffer is healthy
MEXCFutures
BitgetFuturesBybitUSDT
HyperliquidPerps- Wallet0x3A…9F4B
LighterPerps
62%Short38%Long
22.1%
Nearest liquidation · BTC-PERP
$1,359,446.89
Across 16 positions
For traders running hedged, leveraged books across venues
Your whole portfolio.One live risk view
Deleverage pulls every position from your CEXs, DEXs and wallets into one portfolio: NAV, leverage, long vs short and the distance to your nearest liquidation, updated live.
One liquidation caught in time pays for years of Deleverage.
Built for traders
Three ways people run market-neutral money, one risk surface under all of them.
Funding rate arbitrage
Capture positive funding across venues while controlling liquidation risk.
Next funding+$46.12SUI/USDT
+0.38%8h est.
Market-neutral portfolios
Stay delta neutral across CEXs and DEXs.
Net exposure0.4%of NAV
Target 0%±0.5% band
LP + perp hedging
Hedge LP positions, track impermanent loss and drift, and measure real coverage.
Hedge coverage101.2%USDT/WBNB
+1.2%vs target
See the risk your venues can’t show you
A single coin can have positions across multiple venues. Deleverage merges them and shows your true net exposure, so hedges that drifted apart stop hiding.
HyperliquidLONGQty+24 ETHValue$86,400
BybitSHORTQty−24.5 ETHValue$88,200
LighterLONGQty+0.5 ETHValue$1,800Total long24.5 ETH$88,200
Total short24.5 ETH$88,200
Net exposure0 ETH$0
- Positions across venues, in one viewEvery leg of a coin is merged automatically, wherever it sits.
- Spot imbalances before they hurtSee your real net exposure and catch drift early.
See your real exposure before your venues hand you the bill
Two minutes to apply. No API keys until you are in.
Different venues. One comparable risk scale
Every venue calculates margin and liquidation differently.
Deleverage translates each venue’s rules into comparable risk metrics.
Venue-native input
BloFinDelta Core · CrossVenue-native formula: Formula: MEXCHedge Book · CrossVenue-native formula: Formula:
- Native metricMargin ratio
- 537.6%
- Maintenance margin
- $6,189
100 ÷ (marginRatio ÷ 100)MEXCHedge Book · Cross- Native metricMargin ratio
- 0.526
- Tier MMR
- 0.40%
marginRatio × 100BybitFunding Yield · Cross
Venue-native formula: Formula: - Native metricaccountMMRate
- 0.387
- Maintenance tiers
- Dynamic
accountMMRate × 100
Normalization engineDeleverage normalization engine
We translate each venue’s rules into a unified model and compute comparable risk metrics.
- Apply venue formula
- Normalize to common scale
- Compute comparable risk
Unified, comparable output
Cross-account risk (normalized)BloFinDelta Core · CrossMargin ratio18.6%Liq. distance41.2%MEXCHedge Book · CrossMargin ratio52.6%Liq. distance22.9%
AccountMargin ratio(normalized)Liquidation distance(normalized)
MEXCHedge Book · CrossMargin ratio52.6%Liq. distance22.9%BybitFunding Yield · CrossMargin ratio38.7%Liq. distance29.5%
Different formulas underneath.
One scale on top.
- Venue-native formulas underneathWe use each venue's exact margin and liquidation logic.
- Same scale. Same logic. True comparison.All accounts are shown on the same scale for instant comparison.
Your LPs, hedged and measured
LP tokens are positions too. Deleverage tracks every pool live against the perp hedge that offsets it.
- Hedge coverage, impermanent loss and drift per pool
- Uniswap, PancakeSwap, Aerodrome and other v2-style pools in one book
- Rebalancing signals when LP delta and its short drift apart
Portfolio coverage100.6%Across 3 poolsFees (24h)+$202.72IL (24h)−0.34%PnL (24h)+$99.76
Needs attention
Aerodrome ETH/USDCBaseHedge shortBybitETH-PERP ShortCoverage99.6%Slightly underhedgedDrift (24h)−0.44%Fees (24h)+$52.20IL (24h)−0.48%Rebalance
Aerodrome ETH/USDCBaseHedge shortBybitETH-PERP ShortCoverage99.6%Slightly underhedgedDrift (24h)−0.44%Fees (24h)+$52.20IL (24h)−0.48%Rebalance Healthy hedges
- Uniswap ETH/USDCEthereumHedge shortHyperliquidETH-PERP Coverage100.8%BalancedDrift (24h)+0.12%Fees (24h)+$86.40IL (24h)−0.31%
- PancakeSwap BNB/USDTBNB ChainHedge shortBitgetBNB-PERP Coverage101.2%HealthyDrift (24h)+0.68%Fees (24h)+$64.12IL (24h)−0.22%
Portfolio coverage100.6%Across 3 pools
Fees (24h)+$202.72IL (24h)−0.34%PnL (24h)+$99.76
Aerodrome ETH/USDCBaseHedge shortBybitETH-PERP Short Coverage99.6%Slightly underhedged Drift (24h)−0.44% Fees (24h)+$52.20 IL (24h)−0.48%
Healthy hedges
- Uniswap ETH/USDCEthereumHedge shortHyperliquidETH-PERP Coverage100.8%Balanced
- PancakeSwap BNB/USDTBNB ChainHedge shortBitgetBNB-PERP Coverage101.2%Healthy
LP tracking covers v2-style pools today. Concentrated-liquidity (v3) positions are not tracked yet.
See funding before it hits
Projected payouts for every open leg, aggregated across venues and sorted by what they pay, before the next interval settles.
- Upcoming payouts with per-venue funding intervals
- Funding history per position and per strategy
- Projections that account for both legs of a hedge
Get called before it gets expensive
Near real-time alerts for leverage, hedge imbalance, liquidation distance, LP drift, connection health and more. Escalate critical risk through the channels you actually notice.
- Info · All alertsWeb pushKeep track.
- Warning · All alertsTelegramStay informed.
- Critical · Critical onlyPhone callReal call. Act fast.
- A real phone call for the critical onesWhen risk is high, Deleverage calls you directly. No apps to open. No delays.
- Telegram and web push for everything elseStay informed through the channels you actually notice, without noise.
- Thresholds per rule, armed and muted per venueFine-tune what matters. Set your thresholds and control alerts per venue.
- Delivered where you actually notice themCritical updates, in the right channel, at the right time. So you can react before it gets expensive.
Incoming callDeleverage RiskLeverage 8.9x crossed · Bybit
DeclineAccept
Deleverage BotWarningnowLiquidation distanceSOL on Bybit fell under 12%.SOL · BybitThreshold 12%Telegram
DeleverageInfo14:32Hedge imbalanceETH drifted to 2.3%, limit is 2%.ETH · Cross-venueLimit 2%Web push
- 12 active rules
- 3 delivery channels
- Per-venue thresholds
- Read-only monitoring
One book, every venue, one alert before it matters
A closed beta, opening soon, for a small, selected group of traders. Tell us how you trade; referrals get you noticed.
Same positions.
Smarter strategies
Strategies are user-defined containers for the actual books you run. Allocate positions by quantity, separate your hedges, and set strategy-specific alerts, while keeping account and account alerts at the top level.
- Your strategies, your logicGroup any perps, spot, LPs and wallet holdings into custom strategies.
- Split positions across strategiesAllocate a position by quantity — each share belongs to only one strategy.
- Focused, flexible alertingSet custom alerts per strategy, plus broader account and account alerts outside the strategy layer.
- ETH-PERPHyperliquidPERP10.00 ETH$36,00040%4.00 ETH35%3.50 ETH25%2.50 ETH
- BTCBitgetSPOT0.75 BTC$84,300—
- SOL-PERPBybitPERP250.0 SOL$49,500—
- USDCWalletWALLET12,000 USDC$12,000—
- BNBMEXCSPOT5.00 BNB$4,240—
PERP + SPOT
- Strategy value
- $182,640
- Funding collected
- $5,612
- Instruments
- 4
PERP + WALLET
- Strategy value
- $159,310
- Funding collected
- $3,842
- Instruments
- 3
LP + PERP
- Strategy value
- $112,608
- LP payouts
- $2,256
- Instruments
- 5
- Funding Arb 01Funding rate flipAlert when funding rate turns negative
- Funding Arb 02Position imbalanceAlert when allocation deviates by > 5%
- LP + Perp HedgeLP rewards dropAlert when 24h LP rewards drop by > 20%
- Account ruleBloFin leverage > 7.0xAlert when any position on BloFin is > 7.0x
Connect what's supported. Track what isn't
Deleverage merges live connections and manual venues into one risk surface.
AsterDEX
BackpackCEXBingXCEX
- BitgetCEX
BitunixCEX
CoinExCEXCoinWCEX
dYdXDEXEdgeXDEX
ExtendedDEX
GateCEX- WalletsWallet
Missing a venue? Use a Manual Account
A Manual Account holds the balance and positions you enter by hand, for any account or sub-account we do not connect to yet. It rolls up into the same portfolio view.
- 1Add accountName the venue or sub-account it stands for.
- 2Map positions / balancesEnter positions and balances.
- 3See it in the same portfolio viewEverything rolls up into your unified risk surface.
- Appears alongside
API venues
- No API key needed
- Any venue, any quote currency
- Counts in NAV, exposure and alerts
Stress-test the book before the market does
Try the demo portfolio with the app's risk engine. Move all prices together and see which account reaches its threshold first.
0.0%market move
-50%-25%0%+25%+50%
account liquidation isolated positionclick a marker to jump the slider
At 0.0% every tracked account survives
First liquidation+18.5%Bybit · Funding Yield
Liquidated here0 of 5cross accounts
Collateral exposed$00.0% of tracked equity
Cross equity at scenario$197kfrozen at each liquidation threshold
Cross accountsAccount-wide liquidation under one common market move
BybitFunding Yield
Equity$33k
Breaks at+18.5%
Room left18.5%
Watch
MEXCHedge Book
Equity$51k
Breaks at+30.3%
Room left30.3%
Safe
BloFinDelta Core
Equity$78k
Breaks at-43.0%
Room left43.0%
Safe
LighterBasis Arb
Equity$21k
Breaks at+52.6%
Room left52.6%
Safe
Lighter x RobinhoodStock Perps
Equity$14k
Breaks at-87.0%
Room left87.0%
Safe
Isolated positionsEach leg liquidates independently at its account-reported price
PositionSideNotionalMarkLiq. priceRoom leftStatus
Synthetic data. One uniform market move, with a safety allowance for venue rules. Estimates, not predictions; exposed collateral is not a forecast of realized losses.
Your history, charted and exportable
Every NAV snapshot and every funding payout is kept. Read it on the chart, take it away as CSV.
+15.0% in 30 days
Recent closed positions
PositionVenueSideClosedRealized PnLFunding paid
ETH/USDTMEXCSHORTAug 29, 18:42+$384.20+$67.84
SOL/USDTBloFinLONGAug 27, 09:16−$118.45−$21.36
BTC/USDTBybitSHORTAug 24, 14:08+$512.90+$93.12
HYPE/USDTLighterLONGAug 21, 03:35+$146.70+$38.41
Synthetic series. In the product, charts and exports use the history available from each connected venue.
Stop reconciling accounts by hand
Tell us what you trade; we onboard the venues you use first.
How it works
Deleverage is a read-only risk intelligence layer.
We connect to your venues to monitor, analyze and alert, so you can act before it costs you.
- 1
Connect
Accounts, venues and wallets
Secure read-only connections to all your venues in minutes.
- Read-only connections to CEXs and DEXs
- Perpetuals, spot, LP pools and wallets
- No trading access. No funds moved.
- Your API keys stay in your control
+ more - 2
Monitor
Exposure, funding, liquidation risk and more
Live tracking of everything that impacts your positions.
- Positions, hedges and leverage
- Funding rates and funding projections
- Liquidation distance and hedge imbalance
- LP drift, volatility, anomalies and more
- 3
Get alerted
Before small issues become expensive
Smart, configurable alerts delivered where you already are.
- Phone call for critical alerts
- Telegram and web push
- Armed, muted and scoped per venue
- You act — we never trade
- 100% read onlyWe never trade or move funds
- Zero trading accessNo order placement permissions
- Your funds stay yoursYou keep full control, always
- Near real-time by designEvery venue re-syncs about once a minute.
Questions before you connect
What the product does, how the risk numbers work, and where the boundaries are.
Does Deleverage place trades or move funds?
No. Deleverage is a monitoring and analytics product. Account connections are read-only, wallet connections use public addresses, and the product does not submit orders or withdraw assets.
What can I monitor in one portfolio?
Open perpetual positions, account spot and funding balances, wallet assets, v2-style LP positions, realized funding, closed-position history and manual venues. Coverage varies by the APIs made available by each venue.
How are margin ratio and liquidation distance made comparable?
Each venue has its own margin fields, maintenance tiers and liquidation rules. Deleverage applies that venue's mechanics first, then normalizes the result into a common margin ratio and the adverse market move required to reach liquidation. Isolated positions use the venue-reported liquidation price when available; cross accounts stress the entire long and short book in both directions. The page for every account shows the data source, the formula used and whether the result is reported, derived or estimated, so it can be verified against the venue.
What happens when an account or RPC is delayed?
Freshness and component health are tracked separately. The interface marks stale, degraded, held or cached data instead of presenting an old snapshot as live, and connection-health alerts can notify you when a source stops updating.
Can I monitor hedges across different venues?
Yes. Positions are normalized by coin and can be grouped to show net quantity, long and short legs, funding carry and directional liquidation risk. Selected spot, funding, wallet and LP quantities can also participate in the hedge calculation.
How does historical data work?
The first connection sync imports a bounded recent window. You can request older funding and closed-position history later; Deleverage paginates and batches requests within each venue's limits, then reports whether the interval was empty and the oldest result found.
Which alerts and delivery channels are available?
Rules cover leverage, margin and liquidation risk, funding, hedge imbalance, LP drift and data health. Notifications can be delivered through Telegram, web push and Twilio phone calls, with bounded retries and visible delivery errors.
How are my API keys handled?
Your API credentials are encrypted at rest and are not displayed after saving. Use read-only permissions: Deleverage monitors positions, balances and history, and never places orders or withdraws funds. Where supported, restrict access to specific IPs. You can revoke access at any time from your account.
Which venues are supported, and what if mine is missing?
27 accounts and DEXs today, listed on this page, plus wallets by address. For anything else, a Manual Account lets you enter positions and balances by hand so they roll up into the same portfolio, risk view and alerts as API-connected venues. Missing a venue you rely on? Write to info@deleverage.xyz and tell us which one: new integrations are prioritised by demand.
How fresh is the data?
Near real time, not tick by tick: every connection re-syncs about once a minute for positions, balances and next funding, so a change on a venue usually shows within a minute or two, depending on that venue's API and the sync queue. History is fetched in paginated windows within each venue's rate limits. Every figure carries its own freshness: the interface shows when a component was last updated and marks it stale or degraded rather than presenting old data as live.
What does the closed beta cost, and how do I get in?
The closed beta is free and has not started yet: we are collecting applications now and will invite the first group by email when the product is ready. It opens to a limited number of traders picked from the waitlist: the profiles the product is built for, and those other traders vouch for through referrals. Pricing will be announced before general availability, and people on the list hear about it first.
Are the values in the demo real account data?
No. The demo is populated with synthetic positions, balances, histories and alerts designed to show the product safely. It never exposes another user's portfolio.
Monitor every venue in one place.
Sleep with fewer tabs open
Apply for the closed beta and be first to monitor risk, exposure, funding and LP hedges in one place.
For individual traders and professional desks.