How to Launch a Box Spread ETF

The box trade is essentially a synthetic long position by going along a call and short a put at a particular strike. It's basically isolating the embedded interest rates that are in option markets, right? And because those rates are obviously arbitrage and you can always just go buy T-bills, they're generally in line with treasury bill rates. So if the, you know, the three month treasury bill rate is 5%, well, the box spread rate is probably around 5%.