Hypotheses
INJ–ICP Hyperliquid Funding-Instability Relative-Value Pair
Test whether unusually unstable Hyperliquid funding relative to the same coin on Binance predicts weaker subsequent returns. Trade INJ and ICP Hyperliquid perpetuals; matching Binance perpetuals supply funding…
Hypothesis
Test whether unusually unstable Hyperliquid funding relative to the same coin on Binance predicts weaker subsequent returns. Trade INJ and ICP Hyperliquid perpetuals; matching Binance perpetuals supply funding references only. Use synchronized daily bars and weekly decisions. Market orders execute at signal-bar closes, the registry's equivalent of next-bar-open execution on continuous markets. Protective stops trigger intrabar through platform matching. Official documentation establishes settlement mechanics and fees, not this predictive hypothesis: [Funding](https://hyperliquid.gitbook.io/hyperliquid-docs/trading/funding), [Fees](https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees). Coverage checks found Hyperliquid INJ funding from 2023-05-12 and ICP from 2025-11-08, with older Binance reference histories. Evaluate all joint available history after eligibility and warm-up.
Backtest and paper results are hypothetical. Trading involves risk of loss.