SUI-APT Move-VM L1 Pairs Spread Mean Reversion

Hypothesis

A market-neutral pairs trading strategy on two highly-correlated Move-language Layer-1 perpetual futures: SUIUSDT and APTUSDT on Binance USD-M. Both chains are built on the Move VM (originally from Meta's Diem project), have similar narratives (modern alt-L1, parallel execution), launched within 12 months of each other (APT Oct 2022, SUI May 2023), and share the same investor/VC base. Their realized correlation typically sits in the 0.75-0.90 range, but the price ratio SUI/APT exhibits regime-stable mean reversion driven by sector-rotation flows and narrative shifts. The strategy maintains dollar-neutral exposure (long one leg, short the other in equal dollar amounts), so it isolates the spread and is immune to broad crypto market direction. Uses 1H bars to ensure sufficient trade count (avoiding the 4H sparsity problem that doomed the SOL Keltner strategy). The successful ADA-DOT, ETH-BTC, and LINK-UNI pairs precedents demonstrate this design pattern works on Binance perps with the existing infrastructure.