INJ Hyperliquid Funding-Subsidy Withdrawal Continuation

Hypothesis

Test whether withdrawal of a large funding subsidy causes its former recipients to unwind over subsequent days. Trade INJUSD.HYPERLIQUID on 4-HOUR bars, long and short, holding at most 72 hours. This is an original, untested hypothesis. Funding signals positioning incentives rather than serving as the intended income source. [Hyperliquid documentation](https://hyperliquid.gitbook.io/hyperliquid-docs/trading/funding) describes hourly funding payments. Market orders execute at the signal bar close, the registry equivalent to continuous-market next-bar-open execution. Protective stops trigger intrabar through platform matching. Use actual joint funding/bar coverage; the snapshot records INJ funding from 2023-05-12. No preliminary backtest was performed.