HYPERLIQUID · PERPETUAL FUTURES

AIXBT

AIXBT-USD perpetual · 24/7 trading on Hyperliquid

▸ Advanced metrics · M2M bundle

hyperliquid · perp-aixbt · fresh · feed 0s old
24h sparkline · 60 pts▼ -1.00%
realized vol (ann.)
91.50%
max drawdown
1.63%
sharpe
3.29
ulcer index
0.80%
RMS drawdown
pain index
0.69%
mean drawdown
mod. VaR 95%
0.00%
Cornish-Fisher
martin ratio
375.73
ret / ulcer
CDaR 95%
1.41%
cond. drawdown
gain/pain
1.01
Σgain / Σ|loss|
sterling
213.23
ret / CDaR
omega (θ=0)
1.01
upside/downside
roll spread
0.0 bps
implied (price-only)
bars used
2000
store
spread
—
24h Δ
-1.00%
flow lean
—
carry
shorts_pay
-29.30%
signalNEUTRALconfidence 36%
  • 24h change -1.00%
  • funding: shorts pay — perp longs get paid to wait
  • mark cheap vs HL oracle by 20.7bps — long bias
Same bundle via M2M API: /api/m2m/hl-aixbt/bundle · venue execution: hyperliquid →
LIVEPOLL0SRCFRESH294ms⏱--:--:-- 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
$0.024
24h Δ · live
-1.00%
24h vol · live
$0.4M
AIXBT · live 24h price
n=24 · μ=0.0239 · σ=0.0003 · range [0.0234, 0.0244] · R²=0.432▼ FALLING -0.48%σ NORMAL 1.27%LAST 0.02360.02440.02420.02390.02370.0234μ = 0.0239max 0.0244min 0.0234dataMA(4)OLS R²=0.43μ lineμ ± σ bandmaxminlive endpoint
24 closes · last $0.02
Funding direction · live
Long fee 49.3%Short fee 50.7%SHORT FEE50.7%
Σ = 0.0%
Σ-sides total = 0.01% (99.99pp arb gap)
H(p) entropy = 1.000 / 1.00 bits (100%) · max uncertainty (~50/50)
Long fee
49.3%▬ +0.00pp
Short fee
50.7%▬ +0.00pp
1h funding -0.003345% · shorts pay
Hourly contract volume · live
n=24 · Σ=14,584,212 · μ=607675.5 · σ=941565.0 · CV=1.55BURSTY · concentratedcumulative energy ↗ · 50% by h=801,076,0752,152,1513,228,2264,304,301μ = 6076764,304,30150%h1h5h9h13h17h21#1 peak#2-3> μactivequietμ linecum energy
peak 4304301 contracts
Live numerics · pulse on poll
LIVE NUMERICS9 metrics·POLL 0
⏱snapshot age
294ms
$mark $
$0.0236
$mid $
$0.0236
◉prev-day close
$0.0238
Δ24h Δ %
-1.003%
$24h vol $
$350.22k
◐open interest $
$390.27k
%funding (1h)
-0.003345%
%funding (yr)
-29.30%/yr

§1 · 24h time-series

Close price · hourly
n=24 · μ=0.0239 · σ=0.0003 · range [0.0234, 0.0244] · R²=0.432▼ FALLING -0.48%σ NORMAL 1.27%LAST 0.02360.02440.02420.02390.02370.0234μ = 0.0239max 0.0244min 0.0234dataMA(4)OLS R²=0.43μ lineμ ± σ bandmaxmin
mark $0.0236 · 24h -1.00% · range $[0.0234, 0.0244]
OHLC candles · hourly
n=24 · up 14 · down 10 (58% up) · range [0.0233, 0.0251] · σ=0.0003 · CV=0.01 · bodyµ=38%BEARISH -0.91%CLOSE 0.0236 vs OPEN 0.0238 (-0.91%)&#9660; CLOSE 0.02360.02510.02470.02420.02380.0233μ close = 0.0239O0.024 H0.024 L0.024 C0.024 (-0.42%)O0.024 H0.024 L0.024 C0.024 (-0.42%)O0.024 H0.024 L0.024 C0.024 (+1.01%)O0.024 H0.024 L0.024 C0.024 (+1.01%)O0.024 H0.024 L0.024 C0.024 (+0.17%)O0.024 H0.024 L0.024 C0.024 (+0.17%)O0.024 H0.024 L0.024 C0.024 (+0.96%)O0.024 H0.024 L0.024 C0.024 (+0.96%)O0.024 H0.024 L0.024 C0.024 (+0.25%)O0.024 H0.024 L0.024 C0.024 (+0.25%)O0.024 H0.025 L0.024 C0.024 (+0.61%)O0.024 H0.025 L0.024 C0.024 (+0.61%)O0.024 H0.025 L0.024 C0.024 (+0.06%)O0.024 H0.025 L0.024 C0.024 (+0.06%)O0.024 H0.025 L0.024 C0.024 (-1.45%)O0.024 H0.025 L0.024 C0.024 (-1.45%)O0.024 H0.024 L0.024 C0.024 (+0.40%)O0.024 H0.024 L0.024 C0.024 (+0.40%)O0.024 H0.024 L0.024 C0.024 (+0.06%)O0.024 H0.024 L0.024 C0.024 (+0.06%)O0.024 H0.024 L0.024 C0.024 (+1.12%)O0.024 H0.024 L0.024 C0.024 (+1.12%)O0.024 H0.025 L0.024 C0.024 (-1.18%)O0.024 H0.025 L0.024 C0.024 (-1.18%)O0.024 H0.024 L0.024 C0.024 (-0.99%)O0.024 H0.024 L0.024 C0.024 (-0.99%)O0.024 H0.024 L0.024 C0.024 (-0.38%)O0.024 H0.024 L0.024 C0.024 (-0.38%)O0.024 H0.024 L0.024 C0.024 (+0.07%)O0.024 H0.024 L0.024 C0.024 (+0.07%)O0.024 H0.024 L0.024 C0.024 (-0.20%)O0.024 H0.024 L0.024 C0.024 (-0.20%)O0.024 H0.024 L0.024 C0.024 (+0.13%)O0.024 H0.024 L0.024 C0.024 (+0.13%)-1.5%O0.024 H0.024 L0.023 C0.023 (-1.54%)O0.024 H0.024 L0.023 C0.023 (-1.54%)O0.023 H0.023 L0.023 C0.023 (+0.11%)O0.023 H0.023 L0.023 C0.023 (+0.11%)O0.023 H0.024 L0.023 C0.024 (+0.46%)O0.023 H0.024 L0.023 C0.024 (+0.46%)O0.024 H0.024 L0.023 C0.023 (-0.88%)O0.024 H0.024 L0.023 C0.023 (-0.88%)O0.023 H0.024 L0.023 C0.024 (+1.10%)O0.023 H0.024 L0.023 C0.024 (+1.10%)O0.024 H0.024 L0.023 C0.024 (-0.05%)O0.024 H0.024 L0.023 C0.024 (-0.05%)O0.024 H0.024 L0.024 C0.024 (-0.38%)O0.024 H0.024 L0.024 C0.024 (-0.38%)#1#5#9#13#17#21up bar (C≥O)down bar (C<O)MA(4) closeμ closedoji (~no body)biggest body
24 bars
Hourly volume (base units)
n=24 · Σ=14,584,212 · μ=607675.5 · σ=941565.0 · CV=1.55BURSTY · concentratedcumulative energy &nearr; · 50% by h=801,076,0752,152,1513,228,2264,304,301μ = 607676687,098 · 16.0% peak687,098 · 16.0% peak381,360 · 8.9% peak381,360 · 8.9% peak267,189 · 6.2% peak267,189 · 6.2% peak461,720 · 10.7% peak461,720 · 10.7% peak216,586 · 5.0% peak216,586 · 5.0% peak4,304,3014,304,301 · 100.0% peak4,304,301 · 100.0% peak572,279 · 13.3% peak572,279 · 13.3% peak533,460 · 12.4% peak533,460 · 12.4% peak521,534 · 12.1% peak521,534 · 12.1% peak322,636 · 7.5% peak322,636 · 7.5% peak168,849 · 3.9% peak168,849 · 3.9% peak163,413 · 3.8% peak163,413 · 3.8% peak331,274 · 7.7% peak331,274 · 7.7% peak571,251 · 13.3% peak571,251 · 13.3% peak268,368 · 6.2% peak268,368 · 6.2% peak173,078 · 4.0% peak173,078 · 4.0% peak201,902 · 4.7% peak201,902 · 4.7% peak237,492 · 5.5% peak237,492 · 5.5% peak337,607 · 7.8% peak337,607 · 7.8% peak2,756,008 · 64.0% peak2,756,008 · 64.0% peak119,307 · 2.8% peak119,307 · 2.8% peak297,598 · 6.9% peak297,598 · 6.9% peak189,995 · 4.4% peak189,995 · 4.4% peak499,907 · 11.6% peak499,907 · 11.6% peak50%#1#5#9#13#17#21#1 peak#2-3> μactivequietμ linecum energy
Σ vol 14584212 · peak 4304301 · CV 1.55

§2 · Returns distribution (log-returns)

Histogram of rₜ = ln(pₜ/pₜ₋₁)
n=23 · 12 bins · μ=-0.0001 · σ=0.0075 · skew=-0.16 (symmetric) · kurt=-0.58 (mesokurtic)54310 3-133.77bpbin -133.77bp · n=3 · 60.0% peakbin -133.77bp · n=3 · 60.0% peak-110.27bp 1-86.77bpbin -86.77bp · n=1 · 20.0% peakbin -86.77bp · n=1 · 20.0% peak 1-63.27bpbin -63.27bp · n=1 · 20.0% peakbin -63.27bp · n=1 · 20.0% peak 2-39.77bpbin -39.77bp · n=2 · 40.0% peakbin -39.77bp · n=2 · 40.0% peak 3-16.27bpbin -16.27bp · n=3 · 60.0% peakbin -16.27bp · n=3 · 60.0% peak 57.23bpbin 7.23bp · n=5 · 100.0% peakbin 7.23bp · n=5 · 100.0% peak 230.73bpbin 30.73bp · n=2 · 40.0% peakbin 30.73bp · n=2 · 40.0% peak 254.23bpbin 54.23bp · n=2 · 40.0% peakbin 54.23bp · n=2 · 40.0% peak77.73bp 2101.23bpbin 101.23bp · n=2 · 40.0% peakbin 101.23bp · n=2 · 40.0% peak 2124.73bpbin 124.73bp · n=2 · 40.0% peakbin 124.73bp · n=2 · 40.0% peakμΔ < 0 · loss barsΔ ≈ 0 · flatΔ > 0 · gain barsN(μ,σ²) referenceμ line · ±σ band shaded
n=23 · positive 11 · negative 11
Q-Q plot · standardised rₜ vs N(0,1)
n=23 · skew=-0.13 · kurt=-0.54 · near 21 / mid 2 / far 0 · OLS slope=1.02 intercept=0.00MATCHES NORMAL · WELL-BEHAVEDUPPER TAIL NORMALMILDLY HEAVY LOWER-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
$0.0236
Mid price
$0.0236
24h change
-1.00%
Mark–mid spread
0.85 bps
Prev-day close
$0.0238

§4 · Sample moments (prices)

Descriptive statistics · 5-number summary · shape diagnostics
SAMPLE MOMENTS · N=24PLATYKURTIC · THIN TAILS (G₂=-1.09)
μ MEAN0.0239$95% CI: [0.0238$, 0.0240$]
σ STD DEV0.0003$σ² = 0.001×10⁻⁴ · CV = 1.27%
med MEDIAN0.0239$Q₁ 0.0237$ · Q₃ 0.0241$
FIVE-NUMBER SUMMARY · BOX PLOTrange 0.0010$ · IQR 0.0004$ (1.349σ→0.0004$)
min 0.0234$Q₁ 0.0237$med 0.0239$Q₃ 0.0241$max 0.0244$μ
SKEWNESS · G₁0.130approximately symmetric
−3−10+1+3
EXCESS KURTOSIS · G₂-1.087platykurtic · thin tails
−30+2+4+6
μ ↔ median≈ equal · symmetric|μ−med| / σ = 0.08
σ × 1.349 ↔ IQRconsistent with normalratio = 0.99
range ↔ σconcentrated (range < 4σ)range / σ = 3.31
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=-2.51
μᵣ MEAN / h-0.021131%drift is negative per h · |μ|/σ = 0.027
σᵣ STD / h0.787893%σ²ᵣ = 0.621×10⁻⁴ · CV = 37.29×
σ ANNUALISED73.74%/yrscaled by √8760 (hourly→yearly) · 0.788%/h base
RISK-ADJUSTED PERFORMANCEhigher = better edge per unit risk
SHARPE (annualised)-2.51negative edge
-2-10+1+2+3+4
SORTINO (annualised)-2.41downside drag
-2-10+1+2+3+4
CALMAR (return / max-DD)-44.97drawdown overwhelms returns
-20+2+4+6
RETURN-DISTRIBUTION SHAPE|skew| < 0.5 ≈ symmetric · |kurt| < 1 ≈ mesokurtic
SKEWNESS · G₁-0.14approximately symmetric
-3-10+1+3
EXCESS KURTOSIS · G₂-0.37mesokurtic · normal-like tails
-30+2+4+6
SORTINO vs SHARPEdownside vol < total vol · favourableSoR / SR = 0.96
CALMAR · DD CONTROLdrawdown > returns · adverseCR = -44.97
EXPECTED EDGE-185.11%/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 1.41%
VaR₉₅ (h)1.413%5% prob of larger adverse h move
VaR₉₉ (h)1.451%1% prob · extreme-tail threshold
ES₉₅ (CVaR)1.445%expected loss given 5% tail event
MAX DRAWDOWN4.12%14h from peak to trough
TAIL-RISK LADDER (h losses)larger negative = worse · markers show severity
0 · no lossVaR₉₅−1.413%VaR₉₉−1.451%ES₉₅−1.445%worst tail ←→ zero loss
MAX DRAWDOWN PROFILEmoderate drawdown · 14h duration
PEAK2.44$
−4.12% drawdown over 14h
2.34$TROUGH
ES / VaR · TAIL THICKNESSthin tails · ES ≈ VaR|ES₉₅| / |VaR₉₅| = 1.02× (normal ≈ 1.25)
VaR₉₉ / VaR₉₅ · CONCENTRATIONuniform tailratio = 1.03× (normal ≈ 1.41)
DRAWDOWN · CAPITAL DURATIONmoderate drawdownrecovery needed: +4.29% (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)
47.9 · neutral
Bollinger %B
0.259 · within band
Bollinger upper
$0.0246
Bollinger MA
$0.0239
Bollinger lower
$0.0233

§8 · Time-series structure

Regime & autocorrelation diagnostics
TIME-SERIES STRUCTUREREGIME: INDETERMINATE · weak signal at n=23
ρ(1) AUTOCORR-0.114within white-noise band
ρ(2) AUTOCORR+0.003lag-2 not significant
H · HURST EXPONENT1.091strongly persistent
OLS TREND · t-STAT-4.088significant @ α=0.05
HURST EXPONENT [0, 1]strongly persistent · H = 1.091
H = 1.091STRONGLY PERSISTENT
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=1-0.114k=2+0.003k=3-0.116k=4-0.032k=5+0.2640+1−1+0.42−0.42+ momentum (ρ > +0.42)− reversal (ρ < −0.42)noise (within band)±2/√n threshold
OLS TREND · t-STAT · [-5, +5]SIGNIFICANT @ 1% (|t|=4.09)
−5 reject−1.960 retain H₀+1.96+5 reject
REGIME CLASSIFICATIONINDETERMINATE · weak signal at n=23from Hurst + ρ(1) joint diagnosis
PREDICTABILITY · score 1.00very high · strong structure|ρ(1)| + 2·|H − 0.5| heuristic
TREND SIGNIFICANCESIGNIFICANT @ 1% (|t|=4.09)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)
$350.22k
Open interest (USD)
$390.27k
Vol / OI (turnover)
0.90x
1h funding
-0.003345%
Funding (annualised)
-29.30%/yr

§10 · Position sizing

Continuous Kelly (μ/σ²)
-3.404× leverage · optimal log-utility leverage
Half-Kelly
-1.702× · industry-standard conservative
Quarter-Kelly
-0.851×

§11 · Hourly return heatmap

24-hour signed Δln-r grid · green = up · red = down
HOURLY RETURN HEATMAP · n=23 bars · best 1.36% · worst -1.46% · typical |Δ| 0.59%MILD BEARISH -0.49%BEST+1.36%08hWORST-1.46%04hTYPICAL |Δ|0.59%mean absoluteCUMULATIVE-0.49%Σ signed ΔSTREAK↘ 2down-runASIA · 00-08 UTCμ -0.25% · Σ -2.03%EUROPE · 08-16 UTCμ +0.44% · Σ +3.05%US · 16-24 UTCμ -0.19% · Σ -1.50%CUMULATIVE Δ PATH · final -0.49%+2.99%-1.22%0.93% · 12h0.93% · 12h0.93%12h0.00% · 13h0.00% · 13h·13h1.05% · 14h1.05% · 14h1.05%14h0.34% · 15h0.34% · 15h0.34%15h0.57% · 16h0.57% · 16h0.57%16h0.10% · 17h0.10% · 17h0.10%17h-1.43% · 18h-1.43% · 18h-1.43%18h0.17% · 19h0.17% · 19h0.17%19h-0.03% · 20h-0.03% · 20h-0.03%20h1.26% · 21h1.26% · 21h1.26%21h-1.22% · 22h-1.22% · 22h-1.22%22h-0.91% · 23h-0.91% · 23h-0.91%23h-0.34% · 00h-0.34% · 00h-0.34%00h0.22% · 01h0.22% · 01h0.22%01h-0.22% · 02h-0.22% · 02h-0.22%02h-0.08% · 03h-0.08% · 03h-0.08%03h-1.46% · 04h-1.46% · 04h-1.46%04h▼ WORST0.02% · 05h0.02% · 05h0.02%05h0.56% · 06h0.56% · 06h0.56%06h-0.73% · 07h-0.73% · 07h-0.73%07h1.36% · 08h1.36% · 08h1.36%08h★ BEST-0.20% · 09h-0.20% · 09h-0.20%09h-0.43% · 10h-0.43% · 10h-0.43%10hTIME PATTERNEurope-led (+3.05%)RUNSup max 4 · down max 3BREADTH48% up · 48% down · 4% flat
11 up bars · 11 down · best 1.36% · worst -1.46% · typical |Δ| 0.593%

§12 · Equity curve & underwater drawdown

Cumulative compounded return + running peak-to-trough
EQUITY & DRAWDOWN ANALYSIS · n=24 barsLOSS WITH MODERATE DD (-0.55%)FINAL-0.55%MAX DD-4.16%RECOVERYONGOING · 17 barsMAX RUN-UP+3.02%UNDERWATER17/24 (71%)STREAK↘ 2EQUITY CURVE · end 0.9945 · peak 1.0302 · range [0.9873, 1.0302]1.03020.9873break-even = 1★ PEAK 1.0302UNDERWATER DRAWDOWN · max -4.16% · moderate0%-4.16%▼ TROUGH -4.16%TOP DRAWDOWN PERIODS · 1 total#1 -4.16%bar 8-24 · 17 bars · ONGOINGDD SEVERITYmoderate (max -4.16%)RECOVERYongoing · 17 barsTIME UNDER WATER71% of session · 17/24 bars
final equity 0.9945 (-0.55%) · max DD -4.16% · time-under-water 17/24 bars

§13 · Rolling-window statistics (w = 5 bars)

Rolling annualised Sharpe ratio · green positive · red negative
n=19 · +6 / −13 (32% positive) · μ=-7.69 · σ=49.30UNPROFITABLE STRATEGYLAST 12.49 (+0.41σ vs μ)126.3963.200.00-63.20-126.39μ = -7.69126.39126.3992.0292.0212.4512.45-5.95-5.95-15.36-15.361.121.12-21.51-21.51-14.13-14.13-24.33-24.33-19.04-19.04-81.19-81.19-60.24-60.24-55.21-55.21-42.98-42.98-29.70-29.70-40.70-40.70-4.09-4.0923.7923.7912.4912.49v > 0 · positivev < 0 · negativeμ mean lineμ ± σ bandlatest bar (outlined)
latest 12.489 · range [-81.19, 126.39] · μ -7.692 · positive Sharpe = excess-return-per-risk earned by buying-and-holding through this window
Rolling annualised volatility (%)
n=19 · μ=73.2682 · σ=20.2797 · range [38.8267, 102.9803] · R²=0.027▲ RISING +98.00%σ EXTREME 27.68%LAST 79.2658102.980386.941970.903554.865138.8267μ = 73.2682max 102.9803min 38.8267dataMA(3)OLS R²=0.03μ lineμ ± σ bandmaxmin
latest 79.27% · range [38.83%, 102.98%] · μ 73.27% · σ̂ scaled to annualised (×√8760)
Rolling lag-1 autocorrelation ρ(1)
n=19 · +3 / −16 (16% positive) · μ=-0.231 · σ=0.292MEAN-REVERSIONLAST -0.575 (-1.18σ vs μ)0.7950.3980.000-0.398-0.795μ = -0.231-0.795-0.795-0.522-0.5220.0930.093-0.069-0.069-0.212-0.212-0.114-0.114-0.318-0.318-0.130-0.130-0.118-0.118-0.188-0.1880.4140.4140.0610.061-0.100-0.100-0.323-0.323-0.134-0.134-0.298-0.298-0.296-0.296-0.767-0.767-0.575-0.575v > 0 · positivev < 0 · negativeμ mean lineμ ± σ bandlatest bar (outlined)
latest -0.575 · |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
1 of 6 REJECT · mixed evidence1 reject·5 pass·α = 0.05
𝒩

Jarque-Bera

FAIL TO REJECTns

H₀: Δln-r ~ Normal(μ, σ²)

STATISTIC
0.2039
p-VALUE (log scale)
0.9031
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
2.9734
p-VALUE (log scale)
0.7067
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
-1.3739
p-VALUE (log scale)
0.5934
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
0.0000
p-VALUE (log scale)
1.0000
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedsigns appear random (12 runs)
χ

KPSS (μ stationarity)

REJECT H₀*

H₀: p IS level-stationary

STATISTIC
0.5565
p-VALUE (log scale)
0.0289
α
10⁻⁴10⁻³10⁻²10⁻¹1
p < α · rejection zonenon-stationary (crit 0.463)
χ

Variance ratio q=2

FAIL TO REJECTns

H₀: Δln-r is a random walk · VR = 1

STATISTIC
-0.5414
p-VALUE (log scale)
0.5882
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedVR 0.887 ≈ 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=11 bins · noise floor μ=6.21e-5 · top T=2.56h (19.5%) · top-3 cover 51.1%2 SIGNIFICANT CYCLEScumulative energy ↗ (2 bins above 2× noise)1.3e-41.0e-46.7e-53.3e-50.0e+0μ noise floor2× noise (significance)period 23.0 · power 9.01e-5 · 13.2% energyperiod 23.0 · power 9.01e-5 · 13.2% energyperiod 11.5 · power 5.05e-6 · 0.7% energyperiod 11.5 · power 5.05e-6 · 0.7% energyperiod 7.7 · power 1.01e-5 · 1.5% energyperiod 7.7 · power 1.01e-5 · 1.5% energyperiod 5.8 · power 1.25e-4 · 18.4% energyperiod 5.8 · power 1.25e-4 · 18.4% energyperiod 4.6 · power 7.59e-5 · 11.1% energyperiod 4.6 · power 7.59e-5 · 11.1% energyperiod 3.8 · power 3.57e-5 · 5.2% energyperiod 3.8 · power 3.57e-5 · 5.2% energyperiod 3.3 · power 1.32e-5 · 1.9% energyperiod 3.3 · power 1.32e-5 · 1.9% energyperiod 2.9 · power 6.77e-5 · 9.9% energyperiod 2.9 · power 6.77e-5 · 9.9% energyperiod 2.6 · power 1.33e-4 · 19.5% energyperiod 2.6 · power 1.33e-4 · 19.5% energyperiod 2.3 · power 8.62e-5 · 12.6% energyperiod 2.3 · power 8.62e-5 · 12.6% energyperiod 2.1 · power 4.02e-5 · 5.9% energyperiod 2.1 · power 4.02e-5 · 5.9% energy50% by T=3.8h#1 dominantT=2.56h#2T=5.75h#3T=23.00hT=3hT=4hT=6hT=8hT=12hT=16h← 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 ≈ 2.56h (freq 0.391) · concentrates 19.5% of total energy · Σ|X̂|²/n = 6.829e-4

▸ Depth section using sovereign-store price series (5000 bars · effective 5258724 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 -0.000% per barparametric μ/σ² -8.16× · μ -0.000% · σ 0.05%
μ per barmean
-0.000%
σ per barvol
0.05%
Empirical f★argmax g(f)
0.00×
from observed distribution
Parametric f★μ/σ²
-8.16×
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
-0.00%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 -6.95400 paths × 720 bars · leverage 0.10× · bootstrap from 4999 observed returns
Sharpe / barμ/σ
-0.003
annualized -6.95
μ per barafter L
-0.000%
σ per barafter L
0.00%
VaR 95%5%
0.00%
per-bar worst-case
CVaR 95%ES
0.01%
mean tail loss
Max DD (median)MDD
-0.0%
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 -990% · APY -100% · Sharpe -8.99σ ann 110% · Sortino -8.62 · n 4999
-1188%-924%-660%-396%-132%132%-990.1%APR (simple)-100.0%APY (compound)110.1%Ann. vol σ-899.1%Sharpe (ann)-861.9%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 = 1.000% · long-run σ = 2.236%
0.0220.0230.0240.0240.0250.025t-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 11:01:15 UTC
Snapshot age
294ms
History points
24 hourly closes
Page rendered
2026-06-14 11:01:15 UTC
Storage policy
no persistence — fetched on every request
SHA-256 attestation
d3dd9ea8df1b146490f83f8a9e3b27a9e773c812bcc35a17b522b96318881df8 · 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
$1.22K
bid $649 · ask $572
Depth within 10bp
$6.00K
bid $3.86K · ask $2.13K
Depth within 50bp
$32.16K
bid $16.85K · ask $15.31K
Mid price
0.023583
(best bid + best ask) / 2
Spread
5.1bp
(bestAsk − bestBid) / mid
Imbalance (whole book)
-0.032
ask-heavy
Imbalance (top-5)
+0.054
bid-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-aixbt/slippage?size=10000&side=buy

SideNotionalAvg fillSlippageWorst fillLevelsStatus
BUY$1.00K0.0235934.28bp0.0235993FILLED
BUY$10.00K0.02362015.67bp0.02365310FILLED
BUY$100.00K0.02365329.71bp0.02375120PARTIAL
SELL$1.00K0.0235743.73bp0.0235692FILLED
SELL$10.00K0.02355213.13bp0.02351112FILLED
SELL$100.00K0.02352225.80bp0.02345420PARTIAL

Funding carry

▸ SHORTS PAY · longs receive
Hourly funding
-3.345e-5
-0.00335% / hr
Annualised APR
-29.323%
hourly · 24 · 365.25
Long: days to 1% carry
12.5d
longs receive
Short: days to 1% carry
12.5d
shorts pay
SideDirectionAnnualised carryDays → 1%Days → 10%
LONGRECEIVE29.323%12.5d124.6d
SHORTPAY-29.323%12.5d124.6d

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

Volume profile

▸ real volume · Hyperliquid candlesstep $ 1 · 24 records
Price binBarsVolumeDistribution
$0.000000–$1.0000★24$14.58M

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

Order flow

▸ BID-LEAN · +0.519 · Hyperliquid candles
Bars (buy / sell)
12 / 11
1 unclassified
Buy weight
$10.55M
real volume
Sell weight
$3.34M
real volume
Net delta
$7.21M
buyers net
Imbalance
51.88%
(buy − sell) / (buy + sell)
Toxicity (VPIN)
51.9%
one-sided / toxic
Impact (|Δp|/vol)
—
needs real volume

Sparkline = cumulative delta over the 24-record window./api/asset/hl-aixbt/flow?rollingWindow=30

Cascade clusters

▸ DOWN · 4 found · deepest 2.44% · 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
#12026-06-13 22:00:00Z3.0h0.024428→0.0238312.444%4
#22026-06-14 04:00:00Z3.0h0.023883→0.0234321.888%4
#32026-06-13 18:00:00Z2.0h0.024438→0.0240901.424%3

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

Risk metrics

▸ sovereign store · 5,000 barsperiods/year ≈ 5.26M
Realized vol (annualised)
110.12%
σ per bar = 0.000480
Mean return (annualised)
-990.13%
μ per bar = -0.000002
Sharpe (rf=0)
-8.99
annualised; risk-free assumed zero
Max drawdown
3.55%
peak 0.02 → trough 0.02 over 1054 bars

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