Delta neutral? Why utilize it for funding rate arbitrage?

1. Delta neutral 

Opening a single-sided position exposes you to directional risk and market volatility.

Therefore, to mitigate this risk, you must open an opposing position to maintain a delta-neutral hedge.

At this point, your positions are effectively delta-neutral, eliminating exposure to market price volatility.

2. Why utilize it for funding rate arbitrage?

Current priority is maintaining delta neutral = 0 for as long as possible, with profits derived from the funding rate Long-Short differential between two exchanges across calculation cycles.