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BTC-USDT perpetual · 4hIllustrative trades on a hypothetical $100M allocation — not strategy results
AI-NATIVE ASSET MANAGER

Long⁠–⁠Short Alpha
in 24/7 Futures

A BVI-regulated investment manager for qualified investors in cryptocurrency perpetual futures. Fully systematic. Non-custodial. Performance-only fees. No lock-in.

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Algotoria Spike Diversified – Gross +87% CAGR

Simulated: a pre-production strategy, not client money, measured from 1 January 2024 to 30 September 2026 and gross of the performance fee. The trading signal is Algotoria Spike Stable's, generated walk-forward; the collateral, approved for launch on 23 September 2026, is stablecoins, with a gold and equity sleeve added only during drawdowns. Drawdown is measured on the five-minute equity path.

Gross of the performance fee, measured over each strategy’s own life to date. Spike figures are simulated.

Explore Spike Diversified

The thesis,
in three sentences

Crypto is now an institutional asset class — but its volatility remains three to four times that of the S&P 500 and it still trades as a leveraged risk-on asset. Algotoria is an AI-native asset manager: 10 to 50 uncorrelated systematic long–short sub-strategies trade across Bitcoin, Ethereum and liquid altcoin perpetual futures. The co-founders run roughly $2.47M of their own capital in the strategies, on identical terms, with no side-pocket.

How we earn in every regime →
"Engineered to earn in every regime — bull, bear, quiet and panic alike."
Bull · Oct–Nov 2024
+76.3%
Oct–Nov 2024 · Diversified gross
BTC +52.2%
Quiet · Jul 2024
+15.6%
Jul 2024 · Diversified gross
BTC +3.0%
Bear · Oct–Nov 2025
+9.9%
Oct–Nov 2025 · Diversified gross
BTC -20.8%
Panic · Jan–Feb 2026
+28.0%
Jan–Feb 2026 · Diversified gross
BTC -23.6%
Track record

Cumulative return,
since 1 January 2024

Live · Trading Now

All four Algotoria strategies against Bitcoin, the BITA Crypto 10, the S&P 500 and gold, on one fee basis at a time. Daily NAV; figures refresh at month-end.

Before the performance fee.
Spike DiversifiedSpike StableClassic DiversifiedClassic StableBitcoinBITA Crypto 10S&P 500Gold
Solid: real money · Dashed: simulated
0%+50%+100%+200%+400%2024Jul2025Jul2026Jul+514%+460%+417%+399%+100%+89%+62%+52%
Spike Diversified · Gross
+459.6%
1 Jan 2024 → Sep 2026, simulated, gross of fees
Explore Spike Diversified
Spike Stable · Gross
+416.9%
1 Jan 2024 → Sep 2026, simulated, gross of fees
Explore Spike Stable
Cl. Diversified · Gross
+513.8%
1 Jan 2024 → Sep 2026, gross of fees
Explore Classic Diversified
Classic Stable · Gross
+399.2%
1 Jan 2024 → Sep 2026, gross of fees
Explore Classic Stable
Benchmark · Bitcoin
+89.2%
BTC / USD over the same window
Benchmark · Crypto 10
+51.7%
BITA Crypto 10 index over the same window
Benchmark · S&P 500
+61.9%
SPY-USDT-SWAP over the same window
Benchmark · Gold
+100.3%
PAXG / USDT over the same window
Spike Diversified and Spike Stable are simulated, pre-production strategies. Classic Diversified and Classic Stable are actual trading results. Past performance is not indicative of future results. Read full disclosure Hide full disclosure

The y-axis is logarithmic, so equal vertical distances are equal percentage moves and 2024 reads at the same scale as 2026. All four Algotoria series are time-weighted, USDT-denominated, drawn from daily closes and rebased to 0.00% on 1 January 2024. The switch above the panel sets one fee basis for every line and card: gross, before the performance fee, or net of a 25% or 30% quarterly performance fee on profits above the high-water mark. For Spike Stable and Spike Diversified the net figures are illustrations only: neither product has a contracted fee tier. Classic Diversified and Classic Stable are actual trading results. Spike Stable and Spike Diversified are not: they are pre-production strategies, simulated on the production trading engine at 3× gross exposure and 20 bps costs from 1 January 2024 to 30 September 2026, with the trading signal generated walk-forward and the crash-candle entry guard in force. Both include the return on their idle collateral: Spike Stable's yield-bearing stablecoins, and Spike Diversified's stablecoins plus a gold and equity sleeve held only during drawdowns (approved for launch on 23 September 2026). Their drawdowns are measured on the five-minute equity path, which reads deeper than the daily closes drawn here. Their figures are not evidence of future results. Benchmarks: Bitcoin (BTC/USD), BITA Crypto 10 (B10), S&P 500 (SPY-USDT-SWAP), gold (PAXG). Past performance is not indicative of future results. See the Classic Family for the full Diversified / Stable comparison, methodology, risk metrics, and independent verification.

Our competitive edge

All-weather alpha

The long–short directional programme is engineered to earn in both bull and bear regimes — and in the choppy phases between them.

The holy grail of uncorrelated systems

Our deepest know-how: combining 10 to 50 uncorrelated sub-strategies across four timeframes and up to 40 instruments into one portfolio whose composite risk-adjusted metrics are materially better than any single sub-strategy. Not reproducible from public information.

Risk management without blind spots

Capital preservation is the first product we sell. No single sub-strategy may contribute more than 5% of the portfolio’s 95% one-day Value at Risk. Strategy families whose risk-reward collapses in a shock — cross-exchange arbitrage and similar — are structurally excluded.

Your capital, your clock

Separately Managed Accounts at an exchange of your choice. Trade-only API keys. No lock-in, five-day redemption. If Algotoria ceased to exist tomorrow, you would still hold every asset.

Systematic across the firm

Fully systematic trading is table stakes. We extend the same discipline to compliance, risk, reporting and investor support — every function runs through AI-assisted workflows under human-in-the-loop oversight. The structural reason we can sustain a 0% management fee.

Transparency by design

Every position is visible on your own exchange account in real time. Monthly reports cover rolling Calmar, drawdowns and exposure composition.

The eight pillars, explained →
The co-founders

Who runs the money

Dr Nik Ptitsyn
Dr Nik Ptitsyn
Co-Founder · Chair · CPO
25+ years in ML, R&D and technology entrepreneurship. PhD in Machine Learning.
Sergei Kalmatsui
Sergei Kalmatsui
Co-Founder · CEO
20+ years in trading and investment banking. Leads operations and investor relations.
Evgenii Voronchikhin
Evgenii Voronchikhin
Co-Founder · Chief Trading Strategist
20+ years in algorithmic trading across crypto and traditional markets. IC Chair.
Meet the executive team →
Trust & verification

Independently auditable.
Structurally non-custodial.

BVI-regulated
Approved Investment Manager. Certificate No. IBR/AIM/25/2214.
Verify on BVI FSC →
Verified independently
Live performance is auditable on TradeLink Passport via read-only API.
Verify on TradeLink →
Non-custodial by structure
Client funds remain in the investor’s own exchange account throughout. Algotoria cannot withdraw, transfer or pledge client assets.
Mechanics

How it works

01

Open a sub-account at a top-tier exchange

Binance, OKX or Bybit. You create and control the account.

BinanceOKXBybit
02

Issue trade-only API keys

You grant Algotoria read-only and trade-only API access. Withdrawal permissions are never requested.

03

Our engine runs 24/7

Your account is traded on a risk-parity allocation, governed by hard-coded limits.

04

You keep full custody

Your capital, your clock. Withdraw at five days’ notice.

Venues selected for proof-of-reserves practice, regulatory standing, depth of order book, and VIP execution rates — not commercial affiliation.

Leverage tiers

You set the drawdown budget

The same systematic programme runs at every tier. You choose the leverage.

3X Leverage Default
Drawdown budget (gross)
35% Diversified 30% Stable
Minimum ticket
$50,000
Target CAGR (gross)
120% Diversified 90% Stable
2X Leverage Limit
Drawdown budget (gross)
25% Diversified 20% Stable
Minimum ticket
$100,000
Target CAGR (gross)
85% Diversified 60% Stable
1X Leverage Limit
Drawdown budget (gross)
15% Diversified 10% Stable
Minimum ticket
$150,000
Target CAGR (gross)
50% Diversified 30% Stable

Tier limits are measured on the gross trading-account return curve, before the quarterly performance fee. Net-of-fee drawdowns experienced by the investor will be larger. Full mechanics on the Performance page.

Get Started

Typical onboarding takes one business day, plus the international bank transfer if you fund from fiat.

Start a conversation

Tell us a little about yourself and a co-founder will reply within one business day.

By submitting, you agree we may contact you at the details above. We do not share your data with third parties. For qualified investors only. We keep enquiry details for 12 months if they do not lead to a relationship. See our Privacy Notice at algotoria.com/privacy.

Algotoria Classic Diversified and Algotoria Classic Stable — which fits my profile?
Both run the same systematic long–short programme; the difference is collateral. Classic Diversified uses a diversified collateral base (BTC, approved stablecoins and RWAs, managed by Algotoria), which partially mitigates single-issuer stablecoin risk at the cost of some volatility imported from the collateral itself. Classic Stable is collateralised in approved stablecoins, including USDT, USDC, RLUSD, OKUSD and USDG — simpler accounting, fewer moving parts, but exposure to stablecoin issuer risk. Stablecoins other than USDT may carry an exchange borrowing cost, which yield-bearing stablecoins typically offset. Classic Stable suits treasury-style allocations where book simplicity matters more. Side-by-side metrics live on the Strategies page.
What does AI-native mean in practice — does AI trade my money?
No. Every trading decision is rules-based, made by systematic sub-strategies whose risk limits are unanimously approved by the Investment Committee and hard-coded. AI-native refers to the operational layer of the firm: compliance, risk monitoring, reporting, accounting and investor support run through AI-assisted workflows under human-in-the-loop oversight, aligned with the firm’s Board-approved AI Policy (ISO/IEC 42001, NIST AI RMF). It is the structural reason we sustain a 0% management fee on a sub-$150M AUM.
What happens to my capital in a deep drawdown — does the engine de-risk automatically?
Risk limits are hard-coded at the sub-strategy and portfolio level. No single sub-strategy may contribute more than 5% of the portfolio’s 95% one-day Value at Risk, and tier-level gross drawdown budgets — 15/25/35% on Diversified and 10/20/30% on Stable for the 1X, 2X and 3X Leverage tiers respectively — are monitored rather than enforced — no drawdown-triggered de-risking is implemented in the software; at two-thirds of the budget the Investment Committee reviews the account and decides case by case, and at the full budget the client is notified and elects whether to continue, reduce the budget or stop trading. Strategy families whose risk-reward collapses in a shock are structurally excluded. The Investment Committee receives real-time drawdown alerts; any limit change requires unanimous IC approval and Board notification.
What if Binance, OKX or Bybit fails or freezes my account?
Three layers of mitigation. First, you choose the venue, you control the account, and Algotoria holds only trade-only API keys — so any Algotoria-side incident is decoupled from your exchange access. Second, the firm supports three top-tier venues precisely so single-exchange concentration is configurable — you can split allocation across two or three. Third, in the event of a venue suspension the engine pauses on the affected venue and continues elsewhere; we have no authority to move your funds but coordinate with you on the recovery path.
What reports do I receive, and what tax documentation does the firm provide?
Monthly investor reports cover accumulated return (gross and net), rolling 12-month Calmar, deepest drawdown, exposure composition by instrument and timeframe, and any Investment Committee decisions for the period. Quarterly performance-fee statements include the high-water-mark calculation and the crystallisation amount. The firm provides USD-denominated trading statements and confirmation letters; we do not issue tax forms — investors file in their own jurisdiction with their own advisors.
What does the fee structure look like?
There is no management fee, no hurdle rate, no entry fee and no lock-in period. Algotoria earns a Success Fee only — 25–30% of new Net Trading Profits, billed quarterly on a Rolling High Watermark. If a quarter ends below the previous peak account balance, no fee is assessed and you pay nothing until the strategy has fully recovered the prior loss and earned new profit on top. Fees that were legitimately paid for previously profitable quarters are not clawed back, and the structure is identical for Diversified, Stable and Custom-Collateral SMA profiles.
What is the minimum investment, and how do risk tiers work?
Each strategy offers three Investment Committee–approved risk tiers (High / Medium / Conservative) selected at onboarding and adjustable at any quarter-end. The High tier starts at $50,000, Medium at $100,000 and Conservative at $150,000 — lower tiers carry a higher minimum because they scale average leverage down (100% at High → 33% at Conservative) and proportionally lower the drawdown budget (Stable: 30 / 20 / 10%; Diversified: 35 / 25 / 15%). All tiers run the same systematic long–short signal; only the position-size envelope changes.
How quickly can I withdraw, and is there a lock-in?
There are no lock-in periods — you retain full liquidity at any time. Redemptions require five business days’ notice; the engine systematically unwinds the corresponding exposure on your own exchange sub-account, prioritising the most liquid instruments and scaling leverage down to limit slippage. A mid-quarter withdrawal triggers a pro-rata Success Fee on Net Trading Profits earned up to the exit date, applying the same Rolling High Watermark methodology used for standard quarterly billing. The firm recommends a one-year investment horizon — not a contractual requirement, simply enough time for the strategy to span a full spectrum of market conditions.
See the full due-diligence FAQ for 50+ additional questions.
Algotoria Limited is a BVI-regulated Approved Investment Manager under the Securities and Investment Business Act, 2010. The content on this page is informational and does not constitute an offer to sell securities or investment advice. Services are available to qualified investors only. Past performance is not indicative of future results.