Hypotheses
WBETH Embedded Staking Yield with a Hyperliquid ETH Hedge
Derived by the Research Lead from Binance's WBETH documentation: test whether staking rewards embedded in WBETH appreciation survive trading costs when ETH price exposure is hedged. Buy WBETHUSDT.BINANCE_SPOT and short…
Hypothesis
Derived by the Research Lead from Binance's WBETH documentation: test whether staking rewards embedded in WBETH appreciation survive trading costs when ETH price exposure is hedged. Buy WBETHUSDT.BINANCE_SPOT and short ETHUSD.HYPERLIQUID using synchronized 1-DAY bars. USDCUSDT.BINANCE_SPOT is an untraded currency reference. No staking, redemption, transfers or atomic execution are assumed. Rewards enter through WBETH's traded price; never credit a separate staking cash flow. Market orders execute at the signal close, the registry's equivalent of next-bar-open execution on continuous markets. Historical conversion ratios are a declared data dependency. Source: [What Is WBETH?](https://www.binance.com/en-IN/support/faq/detail/e252366155174ba6887f6b32e3798273). Commission assumptions follow [Binance spot fees](https://www.binance.com/en/fee/trading) and [Hyperliquid fees](https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees).
Backtest and paper results are hypothetical. Trading involves risk of loss.