Hypotheses
HYPE Native Spot Demand Shock, Perpetual Follow-Through
Trade the HYPE perpetual when a large price and volume advance in Hyperliquid's native HYPE spot market signals demand for the token. Local 4-hour bars cover both exact instruments. An exploratory screen from May 2025…
Hypothesis
Trade the HYPE perpetual when a large price and volume advance in Hyperliquid's native HYPE spot market signals demand for the token. Local 4-hour bars cover both exact instruments. An exploratory screen from May 2025 through September 2026 found 211 qualifying bars; the perp rose an average 1.33% over the following 16 hours, compared with 0.30% unconditionally. This is in-sample evidence, not a validated strategy result. Hyperliquid's spot and perp fee schedules are documented at https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees.
Backtest and paper results are hypothetical. Trading involves risk of loss.