A LONG-SHORT, single-instrument, DAILY-bar strategy on ETHUSD.HYPERLIQUID that uses the perpetual FUNDING RATE as a contrarian POSITIONING gauge and trades the resulting PRICE reversion. This is explicitly NOT funding-carry (L33): we do not hold a delta-neutral book to collect the 8h coupon — the coupon is below fees and that entire family is dead. Instead, an extreme funding reading is a proxy for crowded, over-leveraged one-sided positioning, and the EDGE is the multi-day price snapback when that crowd is forced to unwind — a move (~3-8% on ETH) an order of magnitude larger than the funding coupon or the ~0.09% round-trip HL fee. It fills the two biggest structural gaps after options: HYPERLIQUID venue (6.3% vs a ≥20% quota — this genuinely shifts the venue mix off Binance's 71%) and long_short direction (13.6% vs an 86%-long-only book). It uses DAILY bars specifically so HYPERLIQUID's ~5000-candle history limit is a non-issue (1d = full history back to 2020), avoiding the sub-hourly-HL trap. Distinct from the recent Binance RetailCrowding contrarian idea (different venue, and funding — a hard cash-flow-driven signal — rather than top-trader L/S ratios). Only 3 parameters and deliberately LOW frequency (only statistical funding extremes qualify) to resist the overfitting that killed 259 prior hypotheses and to keep fee drag negligible. NOT momentum/trend confluence (exhausted/overfit), NOT a tick/book microstructure scalper (repeated no-trades/timeout/instrument-swap deaths — this is bar-driven with a supplementary gate).