Loading
Fund Inception
BA pre fund to test Shar's theories, before he opens his own fund one day. Performance from this fund will be used as data/evidence to convince new investors in the performance.
Taking money
Open
TVL
$97.0k
Return
27.2%
over observed history
Recent
—
30d · 90d
Max drawdown
6.0%
peak to trough
Sortino
—
return per unit of downside risk
History
7d
805 observations
Confidence
2%
in these metrics
Value and drawdown
Range
Hover for values. Upper: vault value, with BTC indexed to the same starting capital. Lower: how far below its own peak it was.
No strategy has been declared for this vault
Everything above is reconstructed from public data. A declaration is free, signed from this vault’s own key, and cannot be edited afterwards.Note 28
Passport
Identity
Vault contract0xce56eb82…ccee
Network
Hyperliquid
PlatformHyperliquid
OperatorFund Inception0x43180050…d2ad
Deposit assetUSDC
Created on-chain2025-12-07
First observed by us2026-08-11
Statuslive
What is deciding
unregisteredStrategy versionNot attested — the operator has not bound this record to a specific version
Model providerNot attested — no model declared
ModelNot attested — no model declared
System prompt hashNot attested — no prompt commitment
Policy hashNot attested — no policy commitment
Inferred modemodel assisted (100% confidence)
These fields are empty because nobody has attested them, not because we failed to find them. An operator who registers gets a record that provably cannot be edited after the fact — and a grade no unregistered strategy can reach.
How much to trust this
Provenance gradeBReal capital, readable at the venue — but the operator’s full cohort is unproven.
Machine-managedNot established
Metric confidence2%63 observations over 7 days
RankingNot ranked — insufficient history
Alignment and capacity
Operator’s own share7.6%
Commission10%
Depositor wallets30
Concentration0.07 · largest holder 18%
Estimated capacity$4.85M ($2.43M–$9.70M) · floor
Net flow 30d$0.00
Where the return came from
Costs consumed 20% of gross profitGross realised$7.4k
Trading fees−$75.26
Funding paid−$1.4k
Net realised$5.9k
Unrealised$551.55
Total$6.5k
That is 6.69% on the capital the strategy currently runs.
- Slippage is not separated: without a book snapshot at fill time it cannot be measured, so it remains inside gross rather than being estimated.
- Funding is differenced across position snapshots, so it is a flow over the window rather than a level: it counts what changed hands while we were watching and nothing before that. Intervals where a position closed and reopened are refused rather than guessed, which makes the figure a floor.
Computed from 584 recorded fills and the funding on currently open positions. It covers the window we have observed, not the vault’s whole life.
How well it executes
from 584 fills over 89.83 daysTaker share 44% by value
Fee rate 2.82bps
Daily turnover $3.0k
Annual fee drag 0.3%
How this vault behaves
from 584 fills over 89.83 daysTiming indicates model assisted management, confidence 100%.
- · No strong automation signature in the timing.
Overnight activity 38%
Hour-of-day evenness 90%
Cadence regularity 0%
Clock alignment 35%
Fills per day 6.5
Instruments 18
Timing only. This says nothing about whether the strategy is any good — a losing bot is still a bot.
Current exposure
14 positions · $89.4k gross · 0.9x the vault's capital| Instrument | Side | Notional | Share | Entry | Unrealised | Leverage |
|---|---|---|---|---|---|---|
| SKY | long | $19.6k | 22% | 0.071807 | -$1.0k | 1x |
| SYRUP | long | $13.1k | 15% | 0.203164 | -$59.69 | 1x |
| PENDLE | long | $11.6k | 13% | 1.7448 | $131.02 | 1x |
| HYPE | long | $8.9k | 10% | 75.6992 | $269.19 | 1x |
| GRASS | long | $5.2k | 6% | 0.34055 | $242.36 | 1x |
| JUP | long | $5.1k | 6% | 0.190218 | $487.61 | 1x |
| AERO | long | $5.1k | 6% | 0.495878 | $465.16 | 1x |
| WLD | long | $3.7k | 4% | 0.33906 | $591.73 | 2x |
| AVNT | long | $2.2k | 2% | 0.1027 | -$21.84 | 1x |
| POL | long | $2.2k | 2% | 0.102 | $227.74 | 1x |
| PENGU | long | $1.9k | 2% | 0.007085 | $520.74 | 2x |
| ZRO | long | $1.6k | 2% | 1.01158 | $117.52 | 1x |
| ETH | short | $2.8k | 3% | 2399 | -$91.41 | 2x |
| BTC | short | $6.4k | 7% | 63100 | -$1.3k | 1x |
Snapshot taken 2026-08-24 21:35 UTC. A strategy that flips intraday can look flat at every snapshot and still carry risk in between. Click an instrument to see every other vault holding it.
How the capacity estimate was reached
- 1 of 8 instruments showed no positive edge.
- Impact is inferred from this strategy’s own realised cost, not measured against a book.
- A 10% participation ceiling is applied where venue volume is known.
- Trade size is converted to capital using the strategy’s own capital-to-trade-size ratio.
- Capacity is capped at 50× the largest trade actually observed — beyond that we are extrapolating.
- Measured edge exceeded 100bps per trade and was clipped — above that it is directional luck, not repeatable alpha.
- Capped at 50x current capital; beyond that the estimate is unfalsifiable.
- At least one instrument hit the observed-size cap, so the total is a floor rather than an estimate.
| Instrument | Edge | Taker | Median trade | Limit |
|---|---|---|---|---|
| WLD | 313bps | 29% | $553.00 | Edge 313.0bps against 4.2bps of realised cost. Estimate limited by observed trade sizes — treat as a floor, not a ceiling. |
| PENDLE | 238.3bps | 50% | $345.00 | Edge 238.3bps against 5.6bps of realised cost. |
| JUP | 569.8bps | 10% | $275.00 | Edge 569.8bps against 2.6bps of realised cost. Estimate limited by observed trade sizes — treat as a floor, not a ceiling. |
| AERO | 797.2bps | 36% | $200.00 | Edge 797.2bps against 4.7bps of realised cost. |
| MET | 925.6bps | 54% | $192.00 | Edge 925.6bps against 6.0bps of realised cost. |
| PENGU | 1195.9bps | 69% | $226.00 | Edge 1195.9bps against 6.5bps of realised cost. |
| GRASS | 315.9bps | 31% | $26.00 | Edge 315.9bps against 4.1bps of realised cost. |
| AAVE | -350.2bps | 76% | $427.00 | No positive edge observed — capacity is not the binding constraint here. |
Who is in it
as at 2026-08-24 01:27Largest wallet
17.5%
Top five
42.8%
Concentration
0.069
Wallets seen
25
venue caps its list — a floor
| # | Wallet | Deposited | Share | All-time P&L | In for |
|---|---|---|---|---|---|
| 1 | 0x1d45a581…3ddc | $17.0k | 17.5% | -$3.0k | 215d |
| 2 | Leader | $7.4k | 7.6% | -$114.75 | 259d |
| 3 | 0x38f8f1ef…5330 | $6.0k | 6.2% | $450.25 | 194d |
| 4 | 0x18e86086…4306 | $5.8k | 6.0% | $454.24 | 155d |
| 5 | 0xe9ed1fa0…5919 | $5.3k | 5.5% | $408.23 | 155d |
| 6 | 0x9ca943f0…0481 | $5.2k | 5.4% | $405.93 | 155d |
| 7 | 0xd9897fe1…2f08 | $5.1k | 5.3% | $139.11 | 160d |
| 8 | 0x0c08c20c…dec3 | $5.1k | 5.3% | $201.98 | 198d |
| 9 | 0x9a6b82de…e4f5 | $5.0k | 5.1% | -$971.45 | 259d |
| 10 | 0x5ffd051f…19e3 | $4.6k | 4.7% | -$307.11 | 216d |
| 11 | 0xae04d82c…d532 | $3.8k | 3.9% | $556.66 | 176d |
| 12 | 0x73c719d1…0af9 | $3.5k | 3.6% | -$606.22 | 213d |
| 13 | 0x42b6f04b…836a | $3.3k | 3.4% | $304.24 | 113d |
| 14 | 0x6a5b6609…6a90 | $3.0k | 3.1% | $882.34 | 72d |
| 15 | 0xdede69c1…fa20 | $2.9k | 3.0% | -$18.92 | 202d |
| 16 | 0x357da065…0ff2 | $2.5k | 2.5% | $337.71 | 145d |
| 17 | 0x2c846a09…3c31 | $2.4k | 2.5% | $308.71 | 134d |
| 18 | 0x9ddee657…b621 | $2.4k | 2.5% | $216.27 | 175d |
| 19 | 0x5c57c21e…4d3b | $2.3k | 2.4% | $326.43 | 139d |
| 20 | 0xcfc6d21d…893d | $2.3k | 2.4% | -$115.46 | 200d |
| 21 | 0x45fb9014…29b2 | $1.1k | 1.1% | $107.92 | 152d |
| 22 | 0xbc8a54be…188b | $1.0k | 1.0% | -$99.13 | 238d |
| 23 | 0x33879f9f…bf6b | $13.55 | 0.0% | $1.33 | 39d |
| 24 | 0xc0e1d24a…c1a0 | $1.18 | 0.0% | -$23.85 | 48d |
| 25 | 0xb4d47c1f…1d0f | $0.27 | 0.0% | -$3.43 | 100d |
Shares are of the capital we can observe, not of reported TVL ($97.0k) — dividing by a total that includes wallets outside our sample would understate every share and make concentration look better than it is. The venue returns at most a hundred wallets, so the count is a floor and the largest shares are a ceiling.
Money in and out
Ledger read 23 hours agoIn
$108.4k
55 deposits
Out
$0.00
0 withdrawals
Net
$108.4k
111.7% of TVL
Window
220d
last 55 movements
| When | Type | Amount | Of vault | Transaction |
|---|---|---|---|---|
| 2026-07-15 13:30 | deposit | $12.22 | 0.01% | 0x8e47cdb5…27bc |
| 2026-07-11 10:55 | deposit | $5.00 | 0.01% | 0xa1626698…e782 |
| 2026-07-09 13:58 | deposit | $10.04 | 0.01% | 0xd19d0695…5dc4 |
| 2026-07-06 22:59 | deposit | $2.5k | 2.57% | 0xbcfb5de0…410a |
| 2026-06-12 16:09 | deposit | $2.1k | 2.16% | 0x21a0b99a…b50d |
| 2026-05-15 12:22 | deposit | $22.39 | 0.02% | 0x73a00cfa…1070 |
| 2026-05-05 15:03 | deposit | $5.00 | 0.01% | 0x5abb36dd…813a |
| 2026-05-05 04:01 | deposit | $1.1k | 1.09% | 0x38b8e6d1…7c02 |
| 2026-05-02 18:02 | deposit | $3.0k | 3.09% | 0x5da33b5c…09e8 |
| 2026-04-11 05:15 | deposit | $2.1k | 2.16% | 0x40b04747…bcbe |
| 2026-04-06 05:05 | deposit | $2.0k | 2.06% | 0xa8d15835…af3c |
| 2026-03-31 10:30 | deposit | $2.1k | 2.19% | 0x50616eca…48d1 |
| 2026-03-24 21:24 | deposit | $1.2k | 1.24% | 0x9905637d…7de5 |
| 2026-03-24 12:49 | deposit | $999.40 | 1.03% | 0x5ae71677…cf5e |
| 2026-03-21 17:46 | deposit | $4.8k | 4.98% | 0x8064d62b…d2c3 |
| 2026-03-21 14:39 | deposit | $4.9k | 5.05% | 0xf253c518…c33c |
| 2026-03-21 11:59 | deposit | $5.4k | 5.53% | 0x943c0861…e4d6 |
| 2026-03-16 18:52 | deposit | $5.0k | 5.16% | 0x0be5dfb3…47d5 |
| 2026-03-01 18:21 | deposit | $2.2k | 2.26% | 0x9478d725…0903 |
| 2026-02-28 11:46 | deposit | $3.3k | 3.37% | 0x0f5fdeb5…045f |
| 2026-02-28 09:04 | deposit | $799.69 | 0.82% | 0x67071eee…aeb1 |
| 2026-02-25 08:51 | deposit | $2.8k | 2.94% | 0x1f141a27…e360 |
| 2026-02-24 11:34 | deposit | $549.74 | 0.57% | 0x3731a57f…5ca2 |
| 2026-02-14 09:19 | deposit | $24.36 | 0.03% | 0x4231190b…0148 |
| 2026-02-11 22:25 | deposit | $2.1k | 2.13% | 0xfe406b58…b74e |
| 2026-02-10 16:34 | deposit | $5.5k | 5.70% | 0x7cb7369f…4dbd |
| 2026-02-06 20:34 | deposit | $4.9k | 5.07% | 0x4b2b060c…d201 |
| 2026-02-06 09:59 | deposit | $2.0k | 2.06% | 0x15dc2d37…7316 |
| 2026-02-05 21:31 | deposit | $29.82 | 0.03% | 0x3a71a606…f181 |
| 2026-02-05 21:04 | deposit | $39.66 | 0.04% | 0x25fb2378…3c7c |
| 2026-02-05 17:15 | deposit | $15.64 | 0.02% | 0x7990443f…2bc0 |
| 2026-02-05 15:37 | deposit | $33.93 | 0.03% | 0x6bb1c1ee…e9a8 |
| 2026-02-04 09:43 | deposit | $2.4k | 2.48% | 0xa35c18f8…652a |
| 2026-02-03 09:38 | deposit | $1.8k | 1.88% | 0xfcf97f85…f492 |
| 2026-02-02 15:57 | deposit | $1.8k | 1.91% | 0xb2bb0094…51b6 |
| 2026-02-01 15:29 | deposit | $50.01 | 0.05% | 0x5c85af9f…ce62 |
| 2026-02-01 12:02 | deposit | $3.1k | 3.23% | 0xf2ec5de1…aa53 |
| 2026-02-01 11:57 | deposit | $1.2k | 1.24% | 0x42a24b70…7a1c |
| 2026-01-31 21:37 | deposit | $1.0k | 1.07% | 0x7ed70634…ed94 |
| 2026-01-31 18:21 | deposit | $496.01 | 0.51% | 0xf1cacc0f…7190 |
| 2026-01-31 15:38 | deposit | $1.7k | 1.76% | 0x6da8fa01…ab2b |
| 2026-01-30 20:22 | deposit | $132.79 | 0.14% | 0xc16923d9…389b |
| 2026-01-30 09:33 | deposit | $71.72 | 0.07% | 0xaa0768cd…7cb4 |
| 2026-01-30 09:24 | deposit | $89.97 | 0.09% | 0xb6f433e9…71de |
| 2026-01-29 17:31 | deposit | $4.0k | 4.12% | 0x67744e0f…d35c |
| 2026-01-29 16:07 | deposit | $1.0k | 1.04% | 0x5fdc2954…9f4e |
| 2026-01-28 16:27 | deposit | $195.82 | 0.20% | 0x07914ee4…a420 |
| 2026-01-22 17:50 | deposit | $4.1k | 4.21% | 0xda3a8e32…05a4 |
| 2026-01-21 07:12 | deposit | $66.12 | 0.07% | 0xf1b32227…cff8 |
| 2026-01-20 11:01 | deposit | $2.3k | 2.40% | 0x7783627a…a796 |
| 2026-01-20 10:57 | deposit | $17.7k | 18.22% | 0xcf5c7c17…2839 |
| 2026-01-19 09:15 | deposit | $260.81 | 0.27% | 0x8c0457ed…054a |
| 2025-12-28 04:04 | deposit | $1.1k | 1.13% | 0xefaa5d23…b3cf |
| 2025-12-11 03:39 | deposit | $1.2k | 1.20% | 0x6f08bf43…bc98 |
| 2025-12-07 07:46 | deposit | $950.00 | 0.98% | 0x49a51f9e…d082 |
Shares are against the vault’s current size, so an old movement is measured against today rather than against what the vault was then. It is the comparison a reader wants — how much of this vault that was — and it is not the same as the share it represented at the time.
What is still missing
- Operator cohort. We show what the venue still exposes; strategies deleted before we began observing are invisible, and only pre-registration can make a cohort provably complete.
- Gross-to-net waterfall. Returns are venue-reported and not yet decomposed into fees, funding and slippage.
- Off-chain exposure. Anything held on a centralised exchange is invisible to us, so the risk shown is a floor.