A LONG-SHORT, MARKET-NEUTRAL, MULTI-INSTRUMENT strategy on Hyperliquid perpetuals that harvests the funding rate itself as a mechanical cash flow, using a NON-MOMENTUM cross-sectional selection edge. Each week, rank a fixed universe of the ~10 most liquid HL perps by their trailing average funding rate. Go LONG an equal-risk (inverse-vol weighted) sleeve of the perps whose funding is MOST NEGATIVE (you are paid to be long them) and SHORT an equal-risk sleeve of the perps whose funding is MOST POSITIVE (you are paid to be short them). The book is constructed dollar-neutral (equal long and short notional) so the aggregate crypto-beta is largely hedged and the residual return is the funding differential collected on BOTH legs plus idiosyncratic price drift. This deliberately AVOIDS the two dead funding templates: it is NOT cross-venue funding-differential carry (L57 — arbing a tiny venue-vs-venue spread that never clears two legs of fees) and NOT single-name directional carry. It captures the FULL funding rate you actually receive by holding, not a differential. It also avoids cross-sectional MOMENTUM rotation (L52, 0/97) by ranking on funding, not on returns — exactly the 'non-momentum-rank selection edge' L52 demands. Fills three under-represented buckets simultaneously: HYPERLIQUID venue (6.5% vs >=20% target), long_short direction (13.5% vs long_only 86.5%), and multi-instrument scope. Uses 1-DAY bars over HL's full history (daily is not timeframe-limited on HL, unlike sub-hourly), so walk-forward OOS windows and the 15-day holdout are well-populated. Low turnover (weekly rebalance, ~week hold) keeps fee drag minimal. Small, fixed parameter set to resist overfitting: universe size, number of names per sleeve, funding-lookback, rebalance interval.