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All vaultsThis is my vault, register it
XJ Systematic Dual Alpha
BpossibleOne thing worth a look
Patterns in this vault’s record that have more than one explanation. None of them lowers its grade and none of them is a finding of wrongdoing, a ledger cannot separate the readings below, and neither can we.
- The operator holds 100% of this vault themselves.
- Equally consistent with: A manager with their own money at risk, which is usually a good sign. It does mean the return is a personal account’s, not a record of managing anyone else’s.
Measured over the last 30 days, as of 2026-09-09 21:23 UTC. A pattern that stops is cleared rather than left standing.
Taking money
—
TVL
$10.5k
Return
9.1%
over observed history
Recent
—
30d · 90d
Market move behind it
0.4%
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 contract
0x951703a6…5865
NetworkHyperliquid
Platform
Hyperliquid
Deposit assetUSDC
Created on-chain2025-11-06
Analyst tier
Detail is hidden, not absentHow well it executes
Built from 291 individual fills. Two strategies with identical signals can differ by hundreds of basis points purely in how they get filled, taker share, fee rate, slippage. This is the part of a result that is operational competence rather than market view, and it is what tells you whether a good year was skill or a good venue.
See what unlocksAlready a customer? Sign inHow this vault behaves
from 108 fills over 83.59 daysTiming indicates discretionary management, confidence 53%.
- · 24 instruments traded concurrently.
Overnight activity 7%
Hour-of-day evenness 61%
Cadence regularity 0%
Clock alignment 5%
Fills per day 1.3
Instruments 24
Timing only. This says nothing about whether the strategy is any good, a losing bot is still a bot.
Current exposure
10 positions · $7.0k gross · 0.7x the vault's capitalHow the capacity estimate was reached
- No instrument showed a positive edge against its realised cost.
Who is in it
Money in and out
Ledger read 35 hours agoAnalyst tier
Detail is hidden, not absentWho is in this vault, and how much of it is one wallet
A vault that is eighty per cent one depositor is a vault whose price can be reset by a single withdrawal, and whose headline TVL says almost nothing about whether anyone else believes in it. Concentration is the risk a return figure never shows, and it moves before the return line does.
See what unlocksAlready a customer? Sign inThe shape of the record
77 completed round tripsRebuilt from the venue’s own open and close labels on every fill. A return figure cannot say whether it came from being right often and small or rarely and large, and those are opposite businesses.
Win rate
13%
Payoff
1.80
Profit factor
0.27
Median hold
14.1d
77 round trips, 13% of them profitable, holding a median 14.1 days. The average win is $122 against an average loss of $68. Most trades lose a little and a few pay for all of them, which reads badly on a hit rate and is the more durable shape.
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.