My point is that the work implementing this realtime hedging is higher than the cost of switching to ETF where you’ll get the property natively. (It’s basically the cost of real time trading, plus all the hedging stuff, where some hedges might be non trivial since the future/options markets might not be 100% similar to what is in the funds).
If you’re good at doing that, I think you’re onto being the next Jane Street and can make a ton more money than being a 3a provider 