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  • Backtests

    The "riskless" arbitrage that pays less than a fixed deposit

    2026-08-22 · 5 min

  • Backtests

    The universe was the bug. The holdout still said no.

    2026-08-02 · 11 min

  • Backtests

    Intraday OI-wall option selling

    2026-06-06 · 5 min

  • Today

    Monday observations — NIFTY enters May at 24,043 with vol regime in 94th percentile

    2026-05-04 · 3 min

  • Edge

    NIFTY's 5% downside line gets pierced 7.8% of the time. The textbook is wrong.

    2026-05-04 · 5 min

Backtests

The "riskless" arbitrage that pays less than a fixed deposit

Textbook cash-and-carry on 207 NSE F&O stocks: buy the stock, short the future, hold to expiry. It cleared zero, decisively. It still paid less than the RBI repo rate — because half the signal is gone in the five minutes between the read and the fill.

2026-08-22 · 5 min · Quantcents Research

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