HYPERLIQUID · PERPETUAL FUTURES

FET

FET-USD perpetual · 24/7 trading on Hyperliquid

▸ Advanced metrics · M2M bundle

hyperliquid · perp-fet · fresh · feed 1s old
24h sparkline · 60 pts▼ -1.29%
realized vol (ann.)
87.94%
max drawdown
5.50%
sharpe
-155.33
ulcer index
2.59%
RMS drawdown
pain index
2.07%
mean drawdown
mod. VaR 95%
0.06%
Cornish-Fisher
martin ratio
-5282.46
ret / ulcer
CDaR 95%
5.26%
cond. drawdown
gain/pain
0.80
Σgain / Σ|loss|
sterling
-2598.59
ret / CDaR
omega (θ=0)
0.80
upside/downside
roll spread
0.0 bps
implied (price-only)
bars used
2000
store
spread
—
24h Δ
-1.29%
flow lean
—
carry
longs_pay
10.95%
signalSHORTconfidence 39%suggested side: SELL
  • 24h change -1.29%
  • funding: longs pay — perp shorts get paid to wait
Same bundle via M2M API: /api/m2m/hl-FET/bundle · venue execution: hyperliquid →
LIVEPOLL0SRCFRESH1.3s⏱--:--:-- UTC8NEXT8.0sUP0s--:--HIST0/30
▶ STREAMING·HYPERLIQUID·POLYMARKET·0 POLLS·SRC FRESH·UPTIME 0s·NEXT POLL 8.0s·CC0 OPEN DATA·HYPO.MARKETS·▶ STREAMING·HYPERLIQUID·POLYMARKET·0 POLLS·SRC FRESH·UPTIME 0s·NEXT POLL 8.0s·CC0 OPEN DATA·HYPO.MARKETS·
MARK · live
$0.202
24h Δ · live
-1.29%
24h vol · live
$3.9M
FET · live 24h price
n=25 · μ=0.2085 · σ=0.0028 · range [0.2021, 0.2148] · R²=0.083▼ FALLING -2.44%σ NORMAL 1.35%LAST 0.20210.21480.21160.20840.20520.2021μ = 0.2085max 0.2148min 0.2021dataMA(5)OLS R²=0.08μ lineμ ± σ bandmaxminlive endpoint
25 closes · last $0.20
Funding direction · live
Long fee 48.1%Short fee 51.9%SHORT FEE51.9%
Σ = 0.0%
Σ-sides total = 0.00% (100.00pp arb gap)
H(p) entropy = 0.999 / 1.00 bits (100%) · max uncertainty (~50/50)
Long fee
48.1%▬ +0.00pp
Short fee
51.9%▬ +0.00pp
1h funding 0.001250% · longs pay
Hourly contract volume · live
n=25 · Σ=19,020,034 · μ=760801.4 · σ=530802.7 · CV=0.70STEADY FLOWcumulative energy ↗ · 50% by h=130501,0861,002,1711,503,2572,004,342μ = 7608012,004,34250%h1h5h9h13h17h21h25#1 peak#2-3> μactivequietμ linecum energy
peak 2004342 contracts
Live numerics · pulse on poll
LIVE NUMERICS9 metrics·POLL 0
⏱snapshot age
1.3s
$mark $
$0.202
$mid $
$0.202
◉prev-day close
$0.2047
Δ24h Δ %
-1.290%
$24h vol $
$3.85M
◐open interest $
$6.11M
%funding (1h)
0.001250%
%funding (yr)
+10.95%/yr

§1 · 24h time-series

Close price · hourly
n=25 · μ=0.2085 · σ=0.0028 · range [0.2021, 0.2148] · R²=0.083▼ FALLING -2.44%σ NORMAL 1.35%LAST 0.20210.21480.21160.20840.20520.2021μ = 0.2085max 0.2148min 0.2021dataMA(5)OLS R²=0.08μ lineμ ± σ bandmaxmin
mark $0.2020 · 24h -1.29% · range $[0.2021, 0.2148]
OHLC candles · hourly
n=25 · up 12 · down 13 (48% up) · range [0.2011, 0.2151] · σ=0.0028 · CV=0.01 · bodyµ=47%BEARISH -0.61%CLOSE 0.2021 vs OPEN 0.2033 (-0.61%)&#9660; CLOSE 0.20210.21510.21160.20810.20460.2011μ close = 0.2085O0.203 H0.208 L0.202 C0.207 (+1.87%)O0.203 H0.208 L0.202 C0.207 (+1.87%)O0.207 H0.208 L0.202 C0.205 (-1.09%)O0.207 H0.208 L0.202 C0.205 (-1.09%)O0.205 H0.209 L0.204 C0.208 (+1.60%)O0.205 H0.209 L0.204 C0.208 (+1.60%)O0.208 H0.209 L0.203 C0.205 (-1.46%)O0.208 H0.209 L0.203 C0.205 (-1.46%)O0.205 H0.212 L0.203 C0.209 (+2.01%)O0.205 H0.212 L0.203 C0.209 (+2.01%)O0.209 H0.211 L0.204 C0.206 (-1.33%)O0.209 H0.211 L0.204 C0.206 (-1.33%)O0.206 H0.208 L0.204 C0.207 (+0.28%)O0.206 H0.208 L0.204 C0.207 (+0.28%)O0.207 H0.207 L0.205 C0.207 (-0.00%)O0.207 H0.207 L0.205 C0.207 (-0.00%)O0.207 H0.212 L0.205 C0.209 (+1.23%)O0.207 H0.212 L0.205 C0.209 (+1.23%)O0.209 H0.210 L0.207 C0.207 (-0.68%)O0.209 H0.210 L0.207 C0.207 (-0.68%)O0.207 H0.209 L0.207 C0.208 (+0.28%)O0.207 H0.209 L0.207 C0.208 (+0.28%)O0.208 H0.210 L0.208 C0.209 (+0.53%)O0.208 H0.210 L0.208 C0.209 (+0.53%)O0.209 H0.212 L0.208 C0.209 (-0.21%)O0.209 H0.212 L0.208 C0.209 (-0.21%)O0.209 H0.210 L0.208 C0.210 (+0.67%)O0.209 H0.210 L0.208 C0.210 (+0.67%)O0.210 H0.215 L0.210 C0.215 (+2.25%)O0.210 H0.215 L0.210 C0.215 (+2.25%)-2.6%O0.215 H0.215 L0.208 C0.209 (-2.56%)O0.215 H0.215 L0.208 C0.209 (-2.56%)O0.209 H0.212 L0.207 C0.211 (+0.93%)O0.209 H0.212 L0.207 C0.211 (+0.93%)O0.212 H0.215 L0.209 C0.210 (-0.92%)O0.212 H0.215 L0.209 C0.210 (-0.92%)O0.210 H0.213 L0.209 C0.210 (-0.09%)O0.210 H0.213 L0.209 C0.210 (-0.09%)O0.210 H0.214 L0.209 C0.212 (+0.92%)O0.210 H0.214 L0.209 C0.212 (+0.92%)O0.212 H0.213 L0.210 C0.213 (+0.51%)O0.212 H0.213 L0.210 C0.213 (+0.51%)O0.212 H0.214 L0.210 C0.211 (-0.71%)O0.212 H0.214 L0.210 C0.211 (-0.71%)O0.211 H0.211 L0.210 C0.210 (-0.54%)O0.211 H0.211 L0.210 C0.210 (-0.54%)O0.210 H0.210 L0.204 C0.205 (-2.61%)O0.210 H0.210 L0.204 C0.205 (-2.61%)O0.205 H0.206 L0.201 C0.202 (-1.28%)O0.205 H0.206 L0.201 C0.202 (-1.28%)#1#5#9#13#17#21#25up bar (C≥O)down bar (C<O)MA(5) closeμ closedoji (~no body)biggest body
25 bars
Hourly volume (base units)
n=25 · Σ=19,020,034 · μ=760801.4 · σ=530802.7 · CV=0.70STEADY FLOWcumulative energy &nearr; · 50% by h=130501,0861,002,1711,503,2572,004,342μ = 760801834,715 · 41.6% peak834,715 · 41.6% peak623,289 · 31.1% peak623,289 · 31.1% peak1,124,416 · 56.1% peak1,124,416 · 56.1% peak878,909 · 43.9% peak878,909 · 43.9% peak1,088,921 · 54.3% peak1,088,921 · 54.3% peak1,045,068 · 52.1% peak1,045,068 · 52.1% peak1,847,879 · 92.2% peak1,847,879 · 92.2% peak253,531 · 12.6% peak253,531 · 12.6% peak607,340 · 30.3% peak607,340 · 30.3% peak354,848 · 17.7% peak354,848 · 17.7% peak195,207 · 9.7% peak195,207 · 9.7% peak192,304 · 9.6% peak192,304 · 9.6% peak1,511,302 · 75.4% peak1,511,302 · 75.4% peak789,667 · 39.4% peak789,667 · 39.4% peak1,076,217 · 53.7% peak1,076,217 · 53.7% peak2,004,3422,004,342 · 100.0% peak2,004,342 · 100.0% peak425,519 · 21.2% peak425,519 · 21.2% peak1,188,328 · 59.3% peak1,188,328 · 59.3% peak650,686 · 32.5% peak650,686 · 32.5% peak196,417 · 9.8% peak196,417 · 9.8% peak231,751 · 11.6% peak231,751 · 11.6% peak258,331 · 12.9% peak258,331 · 12.9% peak97,857 · 4.9% peak97,857 · 4.9% peak1,174,473 · 58.6% peak1,174,473 · 58.6% peak368,717 · 18.4% peak368,717 · 18.4% peak50%#1#5#9#13#17#21#25#1 peak#2-3> μactivequietμ linecum energy
Σ vol 19020034 · peak 2004342 · CV 0.70

§2 · Returns distribution (log-returns)

Histogram of rₜ = ln(pₜ/pₜ₋₁)
n=24 · 12 bins · μ=-0.0005 · σ=0.0120 · skew=-0.13 (symmetric) · kurt=-0.69 (mesokurtic)43210 2-234.43bpbin -234.43bp · n=2 · 50.0% peakbin -234.43bp · n=2 · 50.0% peak-194.84bp 1-155.26bpbin -155.26bp · n=1 · 25.0% peakbin -155.26bp · n=1 · 25.0% peak 3-115.68bpbin -115.68bp · n=3 · 75.0% peakbin -115.68bp · n=3 · 75.0% peak 3-76.10bpbin -76.10bp · n=3 · 75.0% peakbin -76.10bp · n=3 · 75.0% peak 1-36.52bpbin -36.52bp · n=1 · 25.0% peakbin -36.52bp · n=1 · 25.0% peak 43.06bpbin 3.06bp · n=4 · 100.0% peakbin 3.06bp · n=4 · 100.0% peak 242.64bpbin 42.64bp · n=2 · 50.0% peakbin 42.64bp · n=2 · 50.0% peak 482.23bpbin 82.23bp · n=4 · 100.0% peakbin 82.23bp · n=4 · 100.0% peak 1121.81bpbin 121.81bp · n=1 · 25.0% peakbin 121.81bp · n=1 · 25.0% peak 1161.39bpbin 161.39bp · n=1 · 25.0% peakbin 161.39bp · n=1 · 25.0% peak 2200.97bpbin 200.97bp · n=2 · 50.0% peakbin 200.97bp · n=2 · 50.0% peakμΔ < 0 · loss barsΔ ≈ 0 · flatΔ > 0 · gain barsN(μ,σ²) referenceμ line · ±σ band shaded
n=24 · positive 11 · negative 13
Q-Q plot · standardised rₜ vs N(0,1)
n=24 · skew=-0.15 · kurt=-0.55 · near 23 / mid 1 / far 0 · OLS slope=1.02 intercept=-0.00MATCHES NORMAL · WELL-BEHAVEDUPPER TAIL NORMALLOWER TAIL NORMAL-3σ-3σ-2σ-2σ-1σ-1σ+0σ+0σ+1σ+1σ+2σ+2σ+3σ+3σsample ↓marginal: sample bars + theoretical N(0,1) curve →theoretical Φ⁻¹(p) →↑ sample z-quantile|Δ| < 0.3σ · on the line|Δ| < 1σ · moderate|Δ| ≥ 1σ · outliery = x refOLS fit

§3 · Spot quote

Mark price
$0.202
Mid price
$0.202
24h change
-1.29%
Mark–mid spread
0.00 bps
Prev-day close
$0.2047

§4 · Sample moments (prices)

Descriptive statistics · 5-number summary · shape diagnostics
SAMPLE MOMENTS · N=25APPROXIMATELY NORMAL · WELL-BEHAVED
μ MEAN0.2085$95% CI: [0.2074$, 0.2096$]
σ STD DEV0.0028$σ² = 0.079×10⁻⁴ · CV = 1.35%
med MEDIAN0.2089$Q₁ 0.2067$ · Q₃ 0.2099$
FIVE-NUMBER SUMMARY · BOX PLOTrange 0.0127$ · IQR 0.0033$ (1.349σ→0.0038$)
min 0.2021$Q₁ 0.2067$med 0.2089$Q₃ 0.2099$max 0.2148$μ
SKEWNESS · G₁-0.074approximately symmetric
−3−10+1+3
EXCESS KURTOSIS · G₂-0.117mesokurtic · normal-like
−30+2+4+6
μ ↔ medianμ < med · left-tailed|μ−med| / σ = 0.14
σ × 1.349 ↔ IQRconsistent with normalratio = 1.16
range ↔ σwide tails (range > 4σ)range / σ = 4.54
μ = mean · σ = standard deviation · CV = coefficient of variation. Skew (G₁): >0 right-skewed. Kurt (G₂, excess): >0 leptokurtic. 95% CI = μ ± 1.96·SE.

§5 · Returns analytics (log-returns)

Risk-adjusted performance · log-returns
RETURNS · RISK-ADJUSTEDUNPROFITABLE · SR=-7.60
μᵣ MEAN / h-0.102861%drift is negative per h · |μ|/σ = 0.081
σᵣ STD / h1.266951%σ²ᵣ = 1.605×10⁻⁴ · CV = 12.32×
σ ANNUALISED118.58%/yrscaled by √8760 (hourly→yearly) · 1.267%/h base
RISK-ADJUSTED PERFORMANCEhigher = better edge per unit risk
SHARPE (annualised)-7.60negative edge
-2-10+1+2+3+4
SORTINO (annualised)-7.39downside drag
-2-10+1+2+3+4
CALMAR (return / max-DD)-100.00drawdown overwhelms returns
-20+2+4+6
RETURN-DISTRIBUTION SHAPE|skew| < 0.5 ≈ symmetric · |kurt| < 1 ≈ mesokurtic
SKEWNESS · G₁-0.17approximately symmetric
-3-10+1+3
EXCESS KURTOSIS · G₂-0.38mesokurtic · normal-like tails
-30+2+4+6
SORTINO vs SHARPEdownside vol < total vol · favourableSoR / SR = 0.97
CALMAR · DD CONTROLdrawdown > returns · adverseCR = -100.00
EXPECTED EDGE-901.06%/yr driftμ × 8760 = annualised expectation
rₜ = ln(pₜ/pₜ₋₁). σ × √8760 = annualised. Sharpe = μ/σ scaled; Sortino uses downside-only vol; Calmar = annual return / max drawdown.

§6 · Risk metrics

Tail risk + drawdown · downside diagnostics
TAIL & DRAWDOWN RISKHIGH · 95% VaR 2.39%
VaR₉₅ (h)2.385%5% prob of larger adverse h move
VaR₉₉ (h)2.540%1% prob · extreme-tail threshold
ES₉₅ (CVaR)2.537%expected loss given 5% tail event
MAX DRAWDOWN5.94%10h from peak to trough
TAIL-RISK LADDER (h losses)larger negative = worse · markers show severity
0 · no lossVaR₉₅−2.385%VaR₉₉−2.540%ES₉₅−2.537%worst tail ←→ zero loss
MAX DRAWDOWN PROFILEsignificant drawdown · 10h duration
PEAK21.48$
−5.94% drawdown over 10h
20.21$TROUGH
ES / VaR · TAIL THICKNESSthin tails · ES ≈ VaR|ES₉₅| / |VaR₉₅| = 1.06× (normal ≈ 1.25)
VaR₉₉ / VaR₉₅ · CONCENTRATIONuniform tailratio = 1.06× (normal ≈ 1.41)
DRAWDOWN · CAPITAL DURATIONsignificant drawdownrecovery needed: +6.31% (compounding)
VaR = quantile loss · ES (CVaR) = expected loss conditional on tail · DD = peak-to-trough decline. Under normality ES₉₅/VaR₉₅ ≈ 1.25; ratio > 1.5 ⇒ fat-tail regime.

§7 · Technicals

RSI(14)
38.9 · neutral
Bollinger %B
-0.098 · below lower band
Bollinger upper
$0.2147
Bollinger MA
$0.2089
Bollinger lower
$0.2032

§8 · Time-series structure

Regime & autocorrelation diagnostics
TIME-SERIES STRUCTUREREGIME: MEAN-REVERTING · ρ(1) -0.35 + ADF rejected
ρ(1) AUTOCORR-0.354within white-noise band
ρ(2) AUTOCORR+0.289lag-2 not significant
H · HURST EXPONENT0.400mean-reverting
OLS TREND · t-STAT+1.446fails 5% test
HURST EXPONENT [0, 1]mean-reverting · H = 0.400
H = 0.400MEAN-REVERTING
0
anti-persistent0.45
mean-reverting0.5
random walk0.55
persistent1
strongly trending
AUTOCORRELATION FUNCTION · ρ(k) for k=1..5WHITE NOISE · no significant lags
k=1-0.354k=2+0.289k=3-0.143k=4-0.023k=5-0.1570+1−1+0.41−0.41+ momentum (ρ > +0.41)− reversal (ρ < −0.41)noise (within band)±2/√n threshold
OLS TREND · t-STAT · [-5, +5]NOT SIGNIFICANT (|t|=1.45)
−5 reject−1.960 retain H₀+1.96+5 reject
REGIME CLASSIFICATIONMEAN-REVERTING · ρ(1) -0.35 + ADF rejectedfrom Hurst + ρ(1) joint diagnosis
PREDICTABILITY · score 0.55high · clear structure|ρ(1)| + 2·|H − 0.5| heuristic
TREND SIGNIFICANCENOT SIGNIFICANT (|t|=1.45)α=0.05 critical |t|=1.96 · α=0.01 |t|=2.58
ρ(k) = lag-k sample autocorrelation · H = R/S Hurst exponent · t = OLS-trend t-statistic. Significance bands at ±2/√n approximate the 95% white-noise envelope. α=0.05 critical |t|=1.96; α=0.01 |t|=2.58.

§9 · Microstructure

24h volume (USD)
$3.85M
Open interest (USD)
$6.11M
Vol / OI (turnover)
0.63x
1h funding
0.001250%
Funding (annualised)
+10.95%/yr

§10 · Position sizing

Continuous Kelly (μ/σ²)
-6.408× leverage · optimal log-utility leverage
Half-Kelly
-3.204× · industry-standard conservative
Quarter-Kelly
-1.602×

§11 · Hourly return heatmap

24-hour signed Δln-r grid · green = up · red = down
HOURLY RETURN HEATMAP · n=24 bars · best 2.21% · worst -2.54% · typical |Δ| 1.01%MILD BEARISH -2.47%BEST+2.21%03hWORST-2.54%12hTYPICAL |Δ|1.01%mean absoluteCUMULATIVE-2.47%Σ signed ΔSTREAK↘ 4down-runASIA · 00-08 UTCμ +0.11% · Σ +0.88%EUROPE · 08-16 UTCμ -0.40% · Σ -3.24%US · 16-24 UTCμ -0.01% · Σ -0.11%CUMULATIVE Δ PATH · final -2.47%+3.65%-2.47%-1.06% · 14h-1.06% · 14h-1.06%14h1.53% · 15h1.53% · 15h1.53%15h-1.55% · 16h-1.55% · 16h-1.55%16h1.95% · 17h1.95% · 17h1.95%17h-1.35% · 18h-1.35% · 18h-1.35%18h0.30% · 19h0.30% · 19h0.30%19h-0.03% · 20h-0.03% · 20h-0.03%20h1.21% · 21h1.21% · 21h1.21%21h-0.81% · 22h-0.81% · 22h-0.81%22h0.20% · 23h0.20% · 23h0.20%23h0.58% · 00h0.58% · 00h0.58%00h-0.12% · 01h-0.12% · 01h-0.12%01h0.63% · 02h0.63% · 02h0.63%02h2.21% · 03h2.21% · 03h2.21%03h★ BEST-2.53% · 04h-2.53% · 04h-2.53%04h0.80% · 05h0.80% · 05h0.80%05h-0.67% · 06h-0.67% · 06h-0.67%06h-0.02% · 07h-0.02% · 07h-0.02%07h0.88% · 08h0.88% · 08h0.88%08h0.63% · 09h0.63% · 09h0.63%09h-0.88% · 10h-0.88% · 10h-0.88%10h-0.50% · 11h-0.50% · 11h-0.50%11h-2.54% · 12h-2.54% · 12h-2.54%12h▼ WORST-1.29% · 13h-1.29% · 13h-1.29%13hTIME PATTERNAsia-led (+0.88%)RUNSup max 2 · down max 4BREADTH46% up · 54% down
11 up bars · 13 down · best 2.21% · worst -2.54% · typical |Δ| 1.011%

§12 · Equity curve & underwater drawdown

Cumulative compounded return + running peak-to-trough
EQUITY & DRAWDOWN ANALYSIS · n=25 barsLOSS WITH MODERATE DD (-2.62%)FINAL-2.62%MAX DD-6.02%RECOVERYONGOING · 10 barsMAX RUN-UP+3.62%UNDERWATER19/25 (76%)STREAK↘ 4EQUITY CURVE · end 0.9738 · peak 1.0362 · range [0.9738, 1.0362]1.03620.9738break-even = 1★ PEAK 1.0362UNDERWATER DRAWDOWN · max -6.02% · significant0%-6.02%▼ TROUGH -6.02%TOP DRAWDOWN PERIODS · 5 total#1 -6.02%bar 16-25 · 10 bars · ONGOING#2 -1.55%bar 4-4 · 1 bars · recovered#3 -1.35%bar 6-8 · 3 bars · recoveredDD SEVERITYsignificant (max -6.02%)RECOVERYongoing · 10 barsTIME UNDER WATER76% of session · 19/25 bars
final equity 0.9738 (-2.62%) · max DD -6.02% · time-under-water 19/25 bars

§13 · Rolling-window statistics (w = 6 bars)

Rolling annualised Sharpe ratio · green positive · red negative
n=19 · +13 / −6 (68% positive) · μ=5.79 · σ=21.70PROFITABLE STRATEGYLAST -45.63 (-2.37σ vs μ)45.6322.820.00-22.82-45.63μ = 5.79-2.03-2.038.968.965.745.7415.8615.86-8.67-8.6733.3933.3923.0823.0837.4737.4741.2341.239.659.6515.5515.553.123.124.164.166.506.50-10.84-10.8415.2215.22-12.08-12.08-30.66-30.66-45.63-45.63v > 0 · positivev < 0 · negativeμ mean lineμ ± σ bandlatest bar (outlined)
latest -45.630 · range [-45.63, 41.23] · μ 5.790 · positive Sharpe = excess-return-per-risk earned by buying-and-holding through this window
Rolling annualised volatility (%)
n=19 · μ=112.0548 · σ=33.4754 · range [62.5617, 151.3143] · R²=0.000▼ FALLING -16.71%σ EXTREME 29.87%LAST 118.6019151.3143129.1261106.938084.749862.5617μ = 112.0548max 151.3143min 62.5617dataMA(3)OLS R²=0.00μ lineμ ± σ bandmaxmin
latest 118.60% · range [62.56%, 151.31%] · μ 112.05% · σ̂ scaled to annualised (×√8760)
Rolling lag-1 autocorrelation ρ(1)
n=19 · +4 / −15 (21% positive) · μ=-0.377 · σ=0.346MEAN-REVERSIONLAST 0.321 (+2.02σ vs μ)0.8670.4340.000-0.434-0.867μ = -0.377-0.867-0.867-0.809-0.809-0.649-0.649-0.546-0.546-0.382-0.382-0.567-0.567-0.585-0.585-0.497-0.4970.0830.083-0.401-0.401-0.530-0.530-0.541-0.541-0.530-0.530-0.605-0.605-0.222-0.222-0.224-0.2240.1870.1870.2060.2060.3210.321v > 0 · positivev < 0 · negativeμ mean lineμ ± σ bandlatest bar (outlined)
latest 0.321 · |ρ| > 0.3 ⇒ regime with persistence (ρ > 0) or reversal (ρ < 0) · |ρ| ≤ 0.1 = consistent with random walk

§14 · Hypothesis tests (α = 0.05)

Formal inference at 5% significance
ALL TESTS PASS · data behaves as nominal0 reject·6 pass·α = 0.05
𝒩

Jarque-Bera

FAIL TO REJECTns

H₀: Δln-r ~ Normal(μ, σ²)

STATISTIC
0.2556
p-VALUE (log scale)
0.8800
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainednormality not rejected
ρ

Ljung-Box(h=5)

FAIL TO REJECTns

H₀: No serial autocorrelation up to lag 5

STATISTIC
7.2107
p-VALUE (log scale)
0.2043
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedconsistent with white noise
Ψ

Dickey-Fuller (τ_μ)

FAIL TO REJECTns

H₀: p has a unit root (non-stationary)

STATISTIC
-1.9932
p-VALUE (log scale)
0.2987
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedrandom-walk behaviour (crit ≈ -2.86)
±

Wald-Wolfowitz runs

FAIL TO REJECTns

H₀: Sign sequence of Δ is random

STATISTIC
1.7169
p-VALUE (log scale)
0.0860
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedsigns appear random (17 runs)
χ

KPSS (μ stationarity)

FAIL TO REJECTns

H₀: p IS level-stationary

STATISTIC
0.2828
p-VALUE (log scale)
0.2121
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedstationary not rejected (crit 0.463)
χ

Variance ratio q=3

FAIL TO REJECTns

H₀: Δln-r is a random walk · VR = 1

STATISTIC
-1.2503
p-VALUE (log scale)
0.2112
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedVR 0.620 ≈ 1 (RW behaviour)
Each row states an explicit null H₀, the test statistic, an approximated p-value, and the decision. REJECT means evidence against H₀. KPSS complements ADF (rejecting both ⇒ ambiguous; rejecting one ⇒ clean verdict).

§15 · Spectral analysis (DFT periodogram)

Power spectrum of Δln-r · ‖X̂(k)‖²/n
n=12 bins · noise floor μ=2.00e-4 · top T=2.00h (45.8%) · top-3 cover 70.2%STRONG CYCLE @ T≈2.0cumulative energy ↗ (1 bin above 2× noise)1.1e-38.2e-45.5e-42.7e-40.0e+0μ noise floor2× noise (significance)period 24.0 · power 1.59e-4 · 6.6% energyperiod 24.0 · power 1.59e-4 · 6.6% energyperiod 12.0 · power 5.24e-5 · 2.2% energyperiod 12.0 · power 5.24e-5 · 2.2% energyperiod 8.0 · power 1.74e-4 · 7.3% energyperiod 8.0 · power 1.74e-4 · 7.3% energyperiod 6.0 · power 1.82e-4 · 7.6% energyperiod 6.0 · power 1.82e-4 · 7.6% energyperiod 4.8 · power 1.15e-5 · 0.5% energyperiod 4.8 · power 1.15e-5 · 0.5% energyperiod 4.0 · power 6.00e-6 · 0.3% energyperiod 4.0 · power 6.00e-6 · 0.3% energyperiod 3.4 · power 2.45e-5 · 1.0% energyperiod 3.4 · power 2.45e-5 · 1.0% energyperiod 3.0 · power 3.53e-4 · 14.8% energyperiod 3.0 · power 3.53e-4 · 14.8% energyperiod 2.7 · power 6.75e-5 · 2.8% energyperiod 2.7 · power 6.75e-5 · 2.8% energyperiod 2.4 · power 2.31e-4 · 9.7% energyperiod 2.4 · power 2.31e-4 · 9.7% energyperiod 2.2 · power 3.56e-5 · 1.5% energyperiod 2.2 · power 3.56e-5 · 1.5% energyperiod 2.0 · power 1.10e-3 · 45.8% energyperiod 2.0 · power 1.10e-3 · 45.8% energy50% by T=2.4h#1 dominantT=2.00h#2T=3.00h#3T=2.40hT=2hT=3hT=4hT=6hT=8hT=12hT=16hT=24h← shorter cycle (high freq · Nyquist=½) · period T (bars per cycle) · longer cycle (low freq · 1/n) →#1 dominant#2 peak#3 peak> 2× noisenoiseμ floor2μ sig.cum energy
dominant period ≈ 2.00h (freq 0.500) · concentrates 45.8% of total energy · Σ|X̂|²/n = 2.394e-3

▸ Depth section using sovereign-store price series (5000 bars · effective 5257847 bars/year) — annualisation reflects native polling cadence, not upstream timeframes.

§16 · NOSTRADAMUS continuous quant — perp leverage & bootstrap MC

Continuous-price extension of the prediction-market quant module. Kelly growth on observed returns (Merton μ/σ² parametric vs argmax empirical), Monte-Carlo equity fan bootstrapped from the historical return distribution at quarter-Kelly leverage, and an annualized return decomposition. Sweep parameters in the simulator.

§17 · Continuous Kelly

Continuous-Kelly growth · g(f) = E[ln(1 + f·r)]
NO LONG EDGE · μ -0.001% per barparametric μ/σ² short edge (μ<0) · μ -0.001% · σ 0.04%
μ per barmean
-0.001%
σ per barvol
0.04%
Empirical f★argmax g(f)
0.00×
from observed distribution
Parametric f★μ/σ²
-32.37×
Merton continuous-time
Half-Kelly½ f★
0.00×
~⅔ of full growth, half the variance
Quarter-Kelly¼ f★
0.00×
industry default — survives model error
-0.01%0.02%0.05%0.07%0.10%0.0×1.6×3.2×4.8×6.4×8.0×leverage fraction fexpected log-growth per bar
g(f) empiricalf★ argmaxparametric f★
Maximum expected log-growth from leveraging the historical return distribution. Empirical f★ argmaxes the sample expectation; parametric f★ = μ/σ² is Merton's continuous-time optimum.

§18 · MC equity fan

Bootstrapped equity fan at 0.10× leverage
Median CAGR/bar -0.000% · annualized Sharpe -37.70400 paths × 720 bars · leverage 0.10× · bootstrap from 4999 observed returns
Sharpe / barμ/σ
-0.016
annualized -37.70
μ per barafter L
-0.000%
σ per barafter L
0.00%
VaR 95%5%
0.01%
per-bar worst-case
CVaR 95%ES
0.01%
mean tail loss
Max DD (median)MDD
-0.1%
0.95×0.97×0.99×1.01×1.03×1.05×0120240360480600720startbar #equity multiple
median25/75 band5/95 band
Median path with 25/75 and 5/95 percentile bands across 400 simulated careers. Bars resample with replacement from the observed return distribution — preserves fat tails the parametric model misses.

§19 · Annualized breakdown

Annualized return components
APR -1000% · APY -100% · Sharpe -32.73σ ann 101% · Sortino -29.73 · n 4999 · ⚠ capped (n=4999 too small to support 8760-bar projection)
-3928%-3118%-2308%-1498%-688%121%-1000.0%APR (simple)-100.0%APY (compound)101.1%Ann. vol σ-3273.1%Sharpe (ann)-2972.9%Sortino (ann)
Simple APR vs compounded APY · annualized volatility · risk-adjusted Sharpe and Sortino. All scaled by √(periods/yr).

§20 · GARCH(1,1) volatility band

GARCH(1,1) · conditional vol envelope (±2σ)
GARCH persistence α+β = 0.980· σ̂ₜ = 1.001% · long-run σ = 2.236%
0.1930.1990.2050.2110.2180.224t-4999t-4166t-3333t-2500t-1666t-833t-0

Persistence near 1 ⇒ vol clusters strongly (slow mean reversion). Long-run σ is the unconditional target the conditional vol orbits. The ±2σ band reflects time-varying scale, unlike a flat-vol band.

Time-varying volatility band fitted to the price series. Persistence α+β > 0.98 means vol shocks decay slowly — recent moves stay relevant.

§∞ · Provenance & attestation

Upstream
api.hyperliquid.xyz
Snapshot fetched
2026-06-14 13:39:26 UTC
Snapshot age
1.3s
History points
25 hourly closes
Page rendered
2026-06-14 13:39:28 UTC
Storage policy
no persistence — fetched on every request
SHA-256 attestation
5e328dbd38040c041a76151fd49b52b7fd4c915454430d68c060088131b90dea · deterministic hash of the source snapshot — proves this page was rendered from this exact data
Open data licence
CC0 / public domain · free to mirror, syndicate, analyse

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Also see: /arb opportunities · RSS feed

Market depth

▸ live order book · Hyperliquid perp
Depth within 1bp
$0
bid $0 · ask $0
Depth within 5bp
$4.11K
bid $3.81K · ask $304
Depth within 10bp
$37.76K
bid $16.03K · ask $21.72K
Depth within 50bp
$118.54K
bid $58.79K · ask $59.75K
Mid price
0.202015
(best bid + best ask) / 2
Spread
4.5bp
(bestAsk − bestBid) / mid
Imbalance (whole book)
-0.007
ask-heavy
Imbalance (top-5)
-0.480
ask-heavy top-of-book

Slippage scenarios

▸ live book walk · Hyperliquid perp

Simulating a market order at three notionals against the live book. Slippage = avg execution price vs. mid, in basis points. Worst fill = price of the deepest level touched. Live JSON: /api/asset/hl-FET/slippage?size=10000&side=buy

SideNotionalAvg fillSlippageWorst fillLevelsStatus
BUY$1.00K0.2021345.90bp0.2021704FILLED
BUY$10.00K0.2021737.80bp0.2021805FILLED
BUY$100.00K0.20231014.62bp0.20250020PARTIAL
SELL$1.00K0.2019692.28bp0.2019602FILLED
SELL$10.00K0.2018936.03bp0.2018308FILLED
SELL$100.00K0.20176412.42bp0.20165020PARTIAL

Funding carry

▸ LONGS PAY · shorts receive
Hourly funding
+1.250e-5
0.00125% / hr
Annualised APR
10.958%
hourly · 24 · 365.25
Long: days to 1% carry
33.3d
longs pay
Short: days to 1% carry
33.3d
shorts receive
SideDirectionAnnualised carryDays → 1%Days → 10%
LONGPAY-10.958%33.3d333.3d
SHORTRECEIVE10.958%33.3d333.3d

/api/asset/hl-FET/carry · same metrics, JSON

Volume profile

▸ real volume · Hyperliquid candlesstep $ 1 · 25 records
Price binBarsVolumeDistribution
$0.000000–$1.0000★25$19.02M

★ POC = Point of Control (highest-volume bin). Live JSON: /api/asset/hl-FET/volprofile?priceStep=1

Order flow

▸ ASK-LEAN · -0.145 · Hyperliquid candles
Bars (buy / sell)
11 / 13
1 unclassified
Buy weight
$7.78M
real volume
Sell weight
$10.41M
real volume
Net delta
$2.63M
sellers net
Imbalance
-14.48%
(buy − sell) / (buy + sell)
Toxicity (VPIN)
14.5%
two-sided / balanced
Impact (|Δp|/vol)
—
needs real volume

Sparkline = cumulative delta over the 25-record window./api/asset/hl-FET/flow?rollingWindow=30

Cascade clusters

▸ DOWN · 6 found · deepest 5.08% · Hyperliquid candles

Price-only proxy for forced-unwind clusters. No exchange liquidation feed is wired — read each row as a candidate event, not a confirmed liquidation.

#WindowDurationPeak → TroughDrawdownBars
#12026-06-14 10:00:00Z3.0h0.212860→0.2020505.078%4
#22026-06-14 04:00:00Z3.0h0.214800→0.2094302.500%4
#32026-06-13 16:00:00Z0ms0.208070→0.2048601.543%1

/api/asset/hl-FET/cascades?windowMs=10800000&minDrawdownPct=0.005 · full list + parameters in JSON

Risk metrics

▸ sovereign store · 5,000 barsperiods/year ≈ 5.26M
Realized vol (annualised)
101.11%
σ per bar = 0.000441
Mean return (annualised)
-3309.34%
μ per bar = -0.000006
Sharpe (rf=0)
-32.73
annualised; risk-free assumed zero
Max drawdown
6.37%
peak 0.21 → trough 0.20 over 4276 bars

/api/asset/hl-FET/risk · same metrics, JSON