A MARKET-NEUTRAL, CROSS-VENUE hedged funding-carry strategy that harvests Hyperliquid's perpetual funding premium while staying delta-neutral via a Binance spot long. Hyperliquid funds HOURLY and its perp funding regularly runs richer and more persistent than Binance USD-M (newer venue, directional retail flow, thinner arb), so its positive-funding extremes are a less-arbitraged cash flow than the Binance-majors dispersion that the prior cross-sectional carry book found decayed to ~0. This is the analyst-suggested reframe of the funding-carry mechanism: same mechanism, moved off decayed Binance majors onto a venue that genuinely carries persistent funding skew, and run as a SINGLE-PAIR threshold-gated trade rather than cross-sectional rotation (which produced the COVID-era artifacts). It simultaneously fills three of the most under-represented portfolio buckets — HYPERLIQUID (6.2% vs 20% target), cross-venue (5.2% vs 15%), and long/short-market-neutral direction (14.4% vs target) — while avoiding every documented landmine: it uses only bars + funding (both of which exist and are clean for BTC on both venues), NOT the HL OI/liquidation/tick microstructure data that does not exist historically; it is NOT a pure-OHLCV breakout/fade (the failed HL family); and it is NOT a Deribit rolling-option (broken harness). Primary leg: BTCUSDT.BINANCE_SPOT (long, CASH, allowed). Hedge leg: BTCUSD.HYPERLIQUID perp (short, receives funding when funding>0). Net delta ~0, so PnL = funding collected + any spot-vs-perp basis convergence, minus fees. Only 3-4 parameters to keep overfitting risk low.