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Long HYPE & BTC | Short Garbage
B#6 of 8170% HYPE 30% BTC long Short portfolio may change but will always include a basket of at least 10+ high FDV high emission coins. Short side will be about 60% of notional
Taking money
Closed
not accepting deposits
TVL
$2.68M
Return
699.2%
120.2% of it earned above $1M, over 495 days
Recent
17.8% · 34.4%
30d · 90d · 374.8% over a year
Max drawdown
50.2%
peak to trough
Sortino
3.47
return per unit of downside risk
History
1.4y
699 observations
Confidence
37%
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 contract0xac26cf5f…a9c7
Network
Hyperliquid
PlatformHyperliquid
OperatorLong HYPE & BTC0xa380444a…d939
Deposit assetUSDC
Created on-chain2025-04-09
First observed by us2026-08-11
Statuslive
What is deciding
Where the return came from
Costs consumed 77% of gross profitGross realised$442.3k
Trading fees−$974.75
Funding paid−$339.1k
Net realised$102.3k
Unrealised$1.65M
Total$1.75M
That is 65.42% 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 2,001 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 2,001 fills over 130.51 daysTaker share 70% by value
Fee rate 3.58bps
Daily turnover $20.9k
Annual fee drag 0.1%
How this vault behaves
from 2,001 fills over 130.51 daysTiming indicates model assisted management, confidence 100%.
- · Activity spread evenly across all 24 hours (evenness 0.913).
- · 37 instruments traded concurrently.
Overnight activity 23%
Hour-of-day evenness 91%
Cadence regularity 0%
Clock alignment 18%
Fills per day 15.3
Instruments 37
Timing only. This says nothing about whether the strategy is any good — a losing bot is still a bot.
The venue overrode this book
The venue overrode this book: had 1 position settled when the market ended. Most recently 2026-06-15, in TON.
Observed, not modelled — the venue labelled these itself. A liquidation is a margin failure; an auto-deleverage is the venue closing part of a solvent book because the other side failed; a settlement is the market itself ending.
Nearest liquidation
HYPE falls 83.0% to 13.5673 — from 79.701 now.
That is the nearest single instrument breaching this account’s maintenance requirement, so it is a ceiling on safety: a market-wide move hits every leg at once and arrives sooner. Computed from the venue’s own margin state at 2026-08-25 02:16Z.
Current exposure
38 positions · $5.55M gross · 2.1x the vault's capital| Instrument | Side | Notional | Share | Entry |
|---|
How the capacity estimate was reached
- 1 of 13 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.
| Instrument | Edge | Taker | Median trade | Limit |
|---|---|---|---|---|
| HYPE | 4489.7bps | 100% | $498.00 | Edge 4489.7bps against 9.5bps of realised cost. |
| SOL | 390bps | 74% | $171.00 | Edge 390.0bps against 5.8bps of realised cost. |
| WLD | 567.6bps | 69% | $141.00 | Edge 567.6bps against 6.3bps of realised cost. |
| XRP | 2637.1bps | 84% | $136.00 | Edge 2637.1bps against 7.1bps of realised cost. |
| SUI | 355.8bps | 97% | $182.00 | Edge 355.8bps against 8.7bps of realised cost. |
Who is in it
as at 2026-08-25 01:46Largest wallet
53.2%
Top five
77.6%
Concentration
0.303
Wallets seen
25
venue caps its list — a floor
| # | Wallet | Deposited | Share | All-time P&L | In for |
|---|---|---|---|---|---|
| 1 | Leader | $1.31M | 53.2% | $1.04M | 502d |
| 2 | 0x9d8af808…f646 | $196.0k | 8.0% | $128.9k |
Money in and out
Ledger read 45 minutes agoIn
$83.3k
60 deposits
Out
$0.00
0 withdrawals
Net
$83.3k
3.1% of TVL
Window
2d
last 60 movements
| When | Type | Amount | Of vault | Transaction |
|---|---|---|---|---|
| 2026-03-20 17:19 | deposit | $501.00 | 0.02% | 0x0d624347…fc7e |
| 2026-03-20 16:45 | deposit | $2.5k |
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.