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Hypotheses

Hyperliquid Negative-Funding Carry Basket — Long-Only, 6 Liquid HL Perps, DAILY Bars, Absolute-Threshold Gate (Single-Venue, 3-Parameter)

A LONG-ONLY, multi-instrument funding-carry basket on HYPERLIQUID — the venue furthest below quota (7.5% vs 20% target) and the one live trading is shifting to. It transplants the factory's PROMOTED carry mechanism…

Hypothesis

A LONG-ONLY, multi-instrument funding-carry basket on HYPERLIQUID — the venue furthest below quota (7.5% vs 20% target) and the one live trading is shifting to. It transplants the factory's PROMOTED carry mechanism ('5-Asset Majors Negative-Funding Long-Only Carry Basket', Sharpe 1.97, at paper) onto HL, where retail leverage skew drives funding to negative extremes more often than on Binance. Two deliberate corrections versus the HL carry attempt that just died with NO TRADES: (1) it uses an ABSOLUTE threshold……Show moreShow less

A LONG-ONLY, multi-instrument funding-carry basket on HYPERLIQUID — the venue furthest below quota (7.5% vs 20% target) and the one live trading is shifting to. It transplants the factory's PROMOTED carry mechanism ('5-Asset Majors Negative-Funding Long-Only Carry Basket', Sharpe 1.97, at paper) onto HL, where retail leverage skew drives funding to negative extremes more often than on Binance. Two deliberate corrections versus the HL carry attempt that just died with NO TRADES: (1) it uses an ABSOLUTE threshold gate, not a dollar-neutral cross-sectional ranking — a simple 'funding below X → go long' fires an order of magnitude more often than a both-sides ranked construction; (2) it runs on DAILY bars, where Hyperliquid has full history back to 2020, instead of 4H/15m where HL's ~5000-candle API cap strands the backtest on weeks of data. Single-venue and single-leg, so it is NOT a cross-margin two-legged carry (avoids L1 entirely — one leg, two fills, ~0.09% round trip). No liquidation feed (avoids L3), no options (avoids L2). Deliberately kept short and mechanically simple: 3 parameters, no trend filter, no vol overlay — the last two proposals died to token-budget blowup from over-specification.

Backtest and paper results are hypothetical. Trading involves risk of loss.