HYPERLIQUID · PERPETUAL FUTURES

HYPE

HYPE-USD perpetual · 24/7 trading on Hyperliquid

▸ Advanced metrics · M2M bundle

hyperliquid · perp-hype · fresh · feed 2s old
24h sparkline · 60 pts▲ 5.39%
realized vol (ann.)
67.14%
max drawdown
1.20%
sharpe
47.39
ulcer index
0.58%
RMS drawdown
pain index
0.50%
mean drawdown
mod. VaR 95%
0.04%
Cornish-Fisher
martin ratio
5441.86
ret / ulcer
CDaR 95%
1.08%
cond. drawdown
gain/pain
1.07
Σgain / Σ|loss|
sterling
2955.56
ret / CDaR
omega (θ=0)
1.07
upside/downside
roll spread
0.0 bps
implied (price-only)
bars used
2000
store
spread
—
24h Δ
5.39%
flow lean
—
carry
longs_pay
10.95%
signalNEUTRALconfidence 30%
  • 24h change +5.39%
  • funding: longs pay — perp shorts get paid to wait
Same bundle via M2M API: /api/m2m/hl-hype/bundle · venue execution: hyperliquid →
LIVEPOLL0SRCFRESH1.9s⏱--:--:-- 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
$61.158
24h Δ · live
5.39%
24h vol · live
$314.9M
HYPE · live 24h price
n=25 · μ=60.0355 · σ=0.7445 · range [58.0310, 61.1830] · R²=0.493▲ RISING +5.43%σ NORMAL 1.24%LAST 61.183061.183060.395059.607058.819058.0310μ = 60.0355max 61.1830min 58.0310dataMA(5)OLS R²=0.49μ lineμ ± σ bandmaxminlive endpoint
25 closes · last $61.18
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=5,533,754 · μ=221350.2 · σ=97634.7 · CV=0.44STEADY FLOWcumulative energy ↗ · 50% by h=110106,948213,897320,845427,793μ = 221350427,793.3250%h1h5h9h13h17h21h25#1 peak#2-3> μactivequietμ linecum energy
peak 427793 contracts
Live numerics · pulse on poll
LIVE NUMERICS9 metrics·POLL 0
⏱snapshot age
1.9s
$mark $
$61.158
$mid $
$61.1825
◉prev-day close
$58.032
Δ24h Δ %
+5.387%
$24h vol $
$314.87M
◐open interest $
$1.27B
%funding (1h)
0.001250%
%funding (yr)
+10.95%/yr

§1 · 24h time-series

Close price · hourly
n=25 · μ=60.0355 · σ=0.7445 · range [58.0310, 61.1830] · R²=0.493▲ RISING +5.43%σ NORMAL 1.24%LAST 61.183061.183060.395059.607058.819058.0310μ = 60.0355max 61.1830min 58.0310dataMA(5)OLS R²=0.49μ lineμ ± σ bandmaxmin
mark $61.1580 · 24h 5.39% · range $[58.0310, 61.1830]
OHLC candles · hourly
n=25 · up 15 · down 10 (60% up) · range [57.8200, 61.6100] · σ=0.7445 · CV=0.01 · bodyµ=51%BULLISH +4.80%CLOSE 61.1830 vs OPEN 58.3830 (+4.80%)&#9650; CLOSE 61.183061.610060.662559.715058.767557.8200μ close = 60.0355O58.383 H58.469 L57.820 C58.031 (-0.60%)O58.383 H58.469 L57.820 C58.031 (-0.60%)O58.032 H58.837 L57.918 C58.646 (+1.06%)O58.032 H58.837 L57.918 C58.646 (+1.06%)O58.646 H59.591 L58.510 C59.448 (+1.37%)O58.646 H59.591 L58.510 C59.448 (+1.37%)O59.452 H59.691 L58.953 C59.031 (-0.71%)O59.452 H59.691 L58.953 C59.031 (-0.71%)2.1%O59.019 H60.273 L58.946 C60.260 (+2.10%)O59.019 H60.273 L58.946 C60.260 (+2.10%)O60.265 H60.465 L59.769 C59.926 (-0.56%)O60.265 H60.465 L59.769 C59.926 (-0.56%)O59.926 H60.295 L59.477 C60.191 (+0.44%)O59.926 H60.295 L59.477 C60.191 (+0.44%)O60.191 H60.246 L58.970 C59.000 (-1.98%)O60.191 H60.246 L58.970 C59.000 (-1.98%)O59.000 H59.872 L58.924 C59.864 (+1.46%)O59.000 H59.872 L58.924 C59.864 (+1.46%)O59.865 H60.003 L59.650 C59.900 (+0.06%)O59.865 H60.003 L59.650 C59.900 (+0.06%)O59.899 H60.015 L59.640 C59.924 (+0.04%)O59.899 H60.015 L59.640 C59.924 (+0.04%)O59.920 H60.697 L59.792 C60.509 (+0.98%)O59.920 H60.697 L59.792 C60.509 (+0.98%)O60.504 H60.545 L60.229 C60.237 (-0.44%)O60.504 H60.545 L60.229 C60.237 (-0.44%)O60.236 H60.881 L60.153 C60.700 (+0.77%)O60.236 H60.881 L60.153 C60.700 (+0.77%)O60.686 H60.947 L60.401 C60.896 (+0.35%)O60.686 H60.947 L60.401 C60.896 (+0.35%)O60.890 H61.096 L60.512 C60.600 (-0.48%)O60.890 H61.096 L60.512 C60.600 (-0.48%)O60.607 H61.238 L60.530 C60.839 (+0.38%)O60.607 H61.238 L60.530 C60.839 (+0.38%)O60.837 H60.930 L60.329 C60.573 (-0.43%)O60.837 H60.930 L60.329 C60.573 (-0.43%)O60.579 H60.634 L59.964 C60.102 (-0.79%)O60.579 H60.634 L59.964 C60.102 (-0.79%)O60.102 H60.211 L59.846 C59.947 (-0.26%)O60.102 H60.211 L59.846 C59.947 (-0.26%)O59.946 H60.310 L59.671 C59.891 (-0.09%)O59.946 H60.310 L59.671 C59.891 (-0.09%)O59.890 H60.540 L59.777 C60.081 (+0.32%)O59.890 H60.540 L59.777 C60.081 (+0.32%)O60.081 H60.339 L59.714 C60.247 (+0.28%)O60.081 H60.339 L59.714 C60.247 (+0.28%)O60.255 H60.917 L59.904 C60.862 (+1.01%)O60.255 H60.917 L59.904 C60.862 (+1.01%)O60.847 H61.610 L60.496 C61.183 (+0.55%)O60.847 H61.610 L60.496 C61.183 (+0.55%)#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=5,533,754 · μ=221350.2 · σ=97634.7 · CV=0.44STEADY FLOWcumulative energy &nearr; · 50% by h=110106,948213,897320,845427,793μ = 221350282,190.45 · 66.0% peak282,190.45 · 66.0% peak289,529.49 · 67.7% peak289,529.49 · 67.7% peak368,926.07 · 86.2% peak368,926.07 · 86.2% peak242,712.65 · 56.7% peak242,712.65 · 56.7% peak427,793.32427,793.32 · 100.0% peak427,793.32 · 100.0% peak231,934.42 · 54.2% peak231,934.42 · 54.2% peak285,410.48 · 66.7% peak285,410.48 · 66.7% peak354,455.69 · 82.9% peak354,455.69 · 82.9% peak154,496.55 · 36.1% peak154,496.55 · 36.1% peak99,458.27 · 23.2% peak99,458.27 · 23.2% peak77,600.07 · 18.1% peak77,600.07 · 18.1% peak227,139.53 · 53.1% peak227,139.53 · 53.1% peak175,241.66 · 41.0% peak175,241.66 · 41.0% peak157,314.39 · 36.8% peak157,314.39 · 36.8% peak105,444.4 · 24.6% peak105,444.4 · 24.6% peak134,774.52 · 31.5% peak134,774.52 · 31.5% peak294,308.49 · 68.8% peak294,308.49 · 68.8% peak191,549.42 · 44.8% peak191,549.42 · 44.8% peak239,001.17 · 55.9% peak239,001.17 · 55.9% peak133,586.08 · 31.2% peak133,586.08 · 31.2% peak139,316.68 · 32.6% peak139,316.68 · 32.6% peak295,175.92 · 69.0% peak295,175.92 · 69.0% peak87,124.56 · 20.4% peak87,124.56 · 20.4% peak176,416.65 · 41.2% peak176,416.65 · 41.2% peak362,853.49 · 84.8% peak362,853.49 · 84.8% peak50%#1#5#9#13#17#21#25#1 peak#2-3> μactivequietμ linecum energy
Σ vol 5533754 · peak 427793 · CV 0.44

§2 · Returns distribution (log-returns)

Histogram of rₜ = ln(pₜ/pₜ₋₁)
n=24 · 12 bins · μ=0.0023 · σ=0.0083 · skew=-0.20 (symmetric) · kurt=-0.03 (mesokurtic)54310 1-182.94bpbin -182.94bp · n=1 · 20.0% peakbin -182.94bp · n=1 · 20.0% peak-149.11bp-115.29bp 2-81.46bpbin -81.46bp · n=2 · 40.0% peakbin -81.46bp · n=2 · 40.0% peak 4-47.64bpbin -47.64bp · n=4 · 80.0% peakbin -47.64bp · n=4 · 80.0% peak 2-13.81bpbin -13.81bp · n=2 · 40.0% peakbin -13.81bp · n=2 · 40.0% peak 520.02bpbin 20.02bp · n=5 · 100.0% peakbin 20.02bp · n=5 · 100.0% peak 353.84bpbin 53.84bp · n=3 · 60.0% peakbin 53.84bp · n=3 · 60.0% peak 387.67bpbin 87.67bp · n=3 · 60.0% peakbin 87.67bp · n=3 · 60.0% peak 2121.49bpbin 121.49bp · n=2 · 40.0% peakbin 121.49bp · n=2 · 40.0% peak 1155.32bpbin 155.32bp · n=1 · 20.0% peakbin 155.32bp · n=1 · 20.0% peak 1189.15bpbin 189.15bp · n=1 · 20.0% peakbin 189.15bp · n=1 · 20.0% peakμΔ < 0 · loss barsΔ ≈ 0 · flatΔ > 0 · gain barsN(μ,σ²) referenceμ line · ±σ band shaded
n=24 · positive 15 · negative 9
Q-Q plot · standardised rₜ vs N(0,1)
n=24 · skew=-0.20 · kurt=0.34 · near 22 / mid 2 / far 0 · OLS slope=1.01 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
$61.158
Mid price
$61.1825
24h change
+5.39%
Mark–mid spread
4.01 bps
Prev-day close
$58.032

§4 · Sample moments (prices)

Descriptive statistics · 5-number summary · shape diagnostics
SAMPLE MOMENTS · N=25LEFT-SKEWED (G₁=-0.88)
μ MEAN60.0355$95% CI: [59.7437$, 60.3274$]
σ STD DEV0.7445$σ² = 0.554 · CV = 1.24%
med MEDIAN60.1020$Q₁ 59.8910$ · Q₃ 60.5730$
FIVE-NUMBER SUMMARY · BOX PLOTrange 3.1520$ · IQR 0.6820$ (1.349σ→1.0043$)
min 58.0310$Q₁ 59.8910$med 60.1020$Q₃ 60.5730$max 61.1830$μ
SKEWNESS · G₁-0.880left-skewed
−3−10+1+3
EXCESS KURTOSIS · G₂0.355mesokurtic · normal-like
−30+2+4+6
μ ↔ median≈ equal · symmetric|μ−med| / σ = 0.09
σ × 1.349 ↔ IQRdiverges from normalratio = 1.47
range ↔ σwide tails (range > 4σ)range / σ = 4.23
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-ADJUSTEDEXCEPTIONAL EDGE · SR=23.49
μᵣ MEAN / h+0.220383%drift is positive per h · |μ|/σ = 0.251
σᵣ STD / h0.878223%σ²ᵣ = 0.771×10⁻⁴ · CV = 3.98×
σ ANNUALISED82.20%/yrscaled by √8760 (hourly→yearly) · 0.878%/h base
RISK-ADJUSTED PERFORMANCEhigher = better edge per unit risk
SHARPE (annualised)23.49excellent · top-decile
-2-10+1+2+3+4
SORTINO (annualised)25.02strong downside-adjusted
-2-10+1+2+3+4
CALMAR (return / max-DD)100.00exceptional DD control
-20+2+4+6
RETURN-DISTRIBUTION SHAPE|skew| < 0.5 ≈ symmetric · |kurt| < 1 ≈ mesokurtic
SKEWNESS · G₁-0.21approximately symmetric
-3-10+1+3
EXCESS KURTOSIS · G₂0.72mesokurtic · normal-like tails
-30+2+4+6
SORTINO vs SHARPEdownside ≈ total vol · symmetricSoR / SR = 1.07
CALMAR · DD CONTROLdrawdown control exceptionalCR = 100.00
EXPECTED EDGE+1930.56%/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 RISKELEVATED · 95% VaR 0.77%
VaR₉₅ (h)0.769%5% prob of larger adverse h move
VaR₉₉ (h)1.718%1% prob · extreme-tail threshold
ES₉₅ (CVaR)1.390%expected loss given 5% tail event
MAX DRAWDOWN2.09%3h from peak to trough
TAIL-RISK LADDER (h losses)larger negative = worse · markers show severity
0 · no lossVaR₉₅−0.769%VaR₉₉−1.718%ES₉₅−1.390%worst tail ←→ zero loss
MAX DRAWDOWN PROFILEmoderate drawdown · 3h duration
PEAK6026.00$
−2.09% drawdown over 3h
5900.00$TROUGH
ES / VaR · TAIL THICKNESSmoderate fat tail|ES₉₅| / |VaR₉₅| = 1.81× (normal ≈ 1.25)
VaR₉₉ / VaR₉₅ · CONCENTRATIONextreme-tail dominated · severe outliersratio = 2.23× (normal ≈ 1.41)
DRAWDOWN · CAPITAL DURATIONmoderate drawdownrecovery needed: +2.14% (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)
67.3 · neutral
Bollinger %B
0.952 · within band
Bollinger upper
$61.2804
Bollinger MA
$60.2736
Bollinger lower
$59.2668

§8 · Time-series structure

Regime & autocorrelation diagnostics
TIME-SERIES STRUCTUREREGIME: MEAN-REVERTING · ρ(1) -0.37 + ADF rejected
ρ(1) AUTOCORR-0.367within white-noise band
ρ(2) AUTOCORR+0.310lag-2 not significant
H · HURST EXPONENT1.019strongly persistent
OLS TREND · t-STAT+4.726significant @ α=0.05
HURST EXPONENT [0, 1]strongly persistent · H = 1.019
H = 1.019STRONGLY 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=1-0.367k=2+0.310k=3-0.125k=4-0.001k=5-0.1100+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]SIGNIFICANT @ 1% (|t|=4.73)
−5 reject−1.960 retain H₀+1.96+5 reject
REGIME CLASSIFICATIONMEAN-REVERTING · ρ(1) -0.37 + ADF rejectedfrom Hurst + ρ(1) joint diagnosis
PREDICTABILITY · score 1.00very high · strong structure|ρ(1)| + 2·|H − 0.5| heuristic
TREND SIGNIFICANCESIGNIFICANT @ 1% (|t|=4.73)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)
$314.87M
Open interest (USD)
$1.27B
Vol / OI (turnover)
0.25x
1h funding
0.001250%
Funding (annualised)
+10.95%/yr

§10 · Position sizing

Continuous Kelly (μ/σ²)
10.000× leverage · optimal log-utility leverage
Half-Kelly
5.000× · industry-standard conservative
Quarter-Kelly
2.500×

§11 · Hourly return heatmap

24-hour signed Δln-r grid · green = up · red = down
HOURLY RETURN HEATMAP · n=24 bars · best 2.06% · worst -2.00% · typical |Δ| 0.70%BULLISH SESSION +5.29%BEST+2.06%14hWORST-2.00%17hTYPICAL |Δ|0.70%mean absoluteCUMULATIVE+5.29%Σ signed ΔSTREAK↗ 4up-runASIA · 00-08 UTCμ -0.13% · Σ -1.03%EUROPE · 08-16 UTCμ +0.63% · Σ +5.03%US · 16-24 UTCμ +0.16% · Σ +1.28%CUMULATIVE Δ PATH · final +5.29%+5.29%0.00%1.05% · 11h1.05% · 11h1.05%11h1.36% · 12h1.36% · 12h1.36%12h-0.70% · 13h-0.70% · 13h-0.70%13h2.06% · 14h2.06% · 14h2.06%14h★ BEST-0.56% · 15h-0.56% · 15h-0.56%15h0.44% · 16h0.44% · 16h0.44%16h-2.00% · 17h-2.00% · 17h-2.00%17h▼ WORST1.45% · 18h1.45% · 18h1.45%18h0.06% · 19h0.06% · 19h0.06%19h0.04% · 20h0.04% · 20h0.04%20h0.97% · 21h0.97% · 21h0.97%21h-0.45% · 22h-0.45% · 22h-0.45%22h0.77% · 23h0.77% · 23h0.77%23h0.32% · 00h0.32% · 00h0.32%00h-0.49% · 01h-0.49% · 01h-0.49%01h0.39% · 02h0.39% · 02h0.39%02h-0.44% · 03h-0.44% · 03h-0.44%03h-0.78% · 04h-0.78% · 04h-0.78%04h-0.26% · 05h-0.26% · 05h-0.26%05h-0.09% · 06h-0.09% · 06h-0.09%06h0.32% · 07h0.32% · 07h0.32%07h0.28% · 08h0.28% · 08h0.28%08h1.02% · 09h1.02% · 09h1.02%09h0.53% · 10h0.53% · 10h0.53%10hTIME PATTERNEurope-led (+5.03%)RUNSup max 4 · down max 4BREADTH63% up · 38% down
15 up bars · 9 down · best 2.06% · worst -2.00% · typical |Δ| 0.701%

§12 · Equity curve & underwater drawdown

Cumulative compounded return + running peak-to-trough
EQUITY & DRAWDOWN ANALYSIS · n=25 barsPROFITABLE +5.33%FINAL+5.33%MAX DD-2.11%RECOVERYFULLY RECOVEREDMAX RUN-UP+5.33%UNDERWATER17/25 (68%)STREAK↗ 4EQUITY CURVE · end 1.0533 · peak 1.0533 · range [1.0000, 1.0533]1.05331.0000break-even = 1★ PEAK 1.0533UNDERWATER DRAWDOWN · max -2.11% · moderate0%-2.11%▼ TROUGH -2.11%TOP DRAWDOWN PERIODS · 4 total#1 -2.11%bar 6-11 · 6 bars · recovered#2 -1.66%bar 16-24 · 9 bars · recovered#3 -0.70%bar 4-4 · 1 bars · recoveredDD SEVERITYmoderate (max -2.11%)RECOVERYfully recoveredTIME UNDER WATER68% of session · 17/25 bars
final equity 1.0533 (5.33%) · max DD -2.11% · time-under-water 17/25 bars

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

Rolling annualised Sharpe ratio · green positive · red negative
n=19 · +13 / −6 (68% positive) · μ=8.88 · σ=35.55PROFITABLE STRATEGYLAST 61.25 (+1.47σ vs μ)64.5932.300.00-32.30-64.59μ = 8.8852.1552.156.326.327.247.2415.7315.73-7.61-7.6112.6812.680.990.9962.5862.5851.2151.2129.7929.7938.9038.903.043.04-5.71-5.71-41.43-41.43-64.59-64.59-29.87-29.87-36.08-36.0812.1912.1961.2561.25v > 0 · positivev < 0 · negativeμ mean lineμ ± σ bandlatest bar (outlined)
latest 61.254 · range [-64.59, 62.58] · μ 8.883 · positive Sharpe = excess-return-per-risk earned by buying-and-holding through this window
Rolling annualised volatility (%)
n=19 · μ=76.2476 · σ=37.2520 · range [37.6148, 140.5278] · R²=0.751▼ FALLING -58.47%σ EXTREME 48.86%LAST 42.4893140.5278114.799689.071363.343037.6148μ = 76.2476max 140.5278min 37.6148dataMA(3)OLS R²=0.75μ lineμ ± σ bandmaxmin
latest 42.49% · range [37.61%, 140.53%] · μ 76.25% · σ̂ scaled to annualised (×√8760)
Rolling lag-1 autocorrelation ρ(1)
n=19 · +5 / −14 (26% positive) · μ=-0.294 · σ=0.372MEAN-REVERSIONLAST 0.347 (+1.73σ vs μ)0.7040.3520.000-0.352-0.704μ = -0.294-0.678-0.678-0.437-0.437-0.589-0.589-0.475-0.475-0.603-0.603-0.509-0.509-0.447-0.447-0.468-0.468-0.704-0.704-0.542-0.542-0.534-0.534-0.432-0.4320.0310.031-0.266-0.266-0.215-0.2150.1190.1190.5210.5210.2900.2900.3470.347v > 0 · positivev < 0 · negativeμ mean lineμ ± σ bandlatest bar (outlined)
latest 0.347 · |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
2 of 6 REJECT · mixed evidence2 reject·4 pass·α = 0.05
𝒩

Jarque-Bera

FAIL TO REJECTns

H₀: Δln-r ~ Normal(μ, σ²)

STATISTIC
0.6969
p-VALUE (log scale)
0.7058
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
7.2461
p-VALUE (log scale)
0.2018
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedconsistent with white noise
Ψ

Dickey-Fuller (τ_μ)

REJECT H₀*

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

STATISTIC
-2.9004
p-VALUE (log scale)
0.0461
α
10⁻⁴10⁻³10⁻²10⁻¹1
p < α · rejection zonestationary · mean-reverting (crit ≈ -2.86)
±

Wald-Wolfowitz runs

FAIL TO REJECTns

H₀: Sign sequence of Δ is random

STATISTIC
0.3350
p-VALUE (log scale)
0.7377
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedsigns appear random (13 runs)
χ

KPSS (μ stationarity)

REJECT H₀*

H₀: p IS level-stationary

STATISTIC
0.6338
p-VALUE (log scale)
0.0196
α
10⁻⁴10⁻³10⁻²10⁻¹1
p < α · rejection zonenon-stationary (crit 0.463)
χ

Variance ratio q=3

FAIL TO REJECTns

H₀: Δln-r is a random walk · VR = 1

STATISTIC
-1.1561
p-VALUE (log scale)
0.2476
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedVR 0.648 ≈ 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=7.98e-5 · top T=2.40h (23.3%) · top-3 cover 57.0%2 SIGNIFICANT CYCLEScumulative energy ↗ (2 bins above 2× noise)2.2e-41.7e-41.1e-45.6e-50.0e+0μ noise floor2× noise (significance)period 24.0 · power 5.80e-5 · 6.1% energyperiod 24.0 · power 5.80e-5 · 6.1% energyperiod 12.0 · power 1.37e-4 · 14.3% energyperiod 12.0 · power 1.37e-4 · 14.3% energyperiod 8.0 · power 2.25e-6 · 0.2% energyperiod 8.0 · power 2.25e-6 · 0.2% energyperiod 6.0 · power 2.22e-5 · 2.3% energyperiod 6.0 · power 2.22e-5 · 2.3% energyperiod 4.8 · power 1.49e-5 · 1.6% energyperiod 4.8 · power 1.49e-5 · 1.6% energyperiod 4.0 · power 5.03e-5 · 5.3% energyperiod 4.0 · power 5.03e-5 · 5.3% energyperiod 3.4 · power 1.84e-5 · 1.9% energyperiod 3.4 · power 1.84e-5 · 1.9% energyperiod 3.0 · power 8.47e-5 · 8.9% energyperiod 3.0 · power 8.47e-5 · 8.9% energyperiod 2.7 · power 2.38e-5 · 2.5% energyperiod 2.7 · power 2.38e-5 · 2.5% energyperiod 2.4 · power 2.23e-4 · 23.3% energyperiod 2.4 · power 2.23e-4 · 23.3% energyperiod 2.2 · power 1.82e-4 · 19.0% energyperiod 2.2 · power 1.82e-4 · 19.0% energyperiod 2.0 · power 1.40e-4 · 14.7% energyperiod 2.0 · power 1.40e-4 · 14.7% energy50% by T=2.4h#1 dominantT=2.40h#2T=2.18h#3T=2.00hT=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 ≈ 2.40h (freq 0.417) · concentrates 23.3% of total energy · Σ|X̂|²/n = 9.572e-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)]
f★ empirical 8.00× · g(f★) 0.000%/barparametric μ/σ² 10.83× · μ 0.000% · σ 0.03%
μ per barmean
0.000%
σ per barvol
0.03%
Empirical f★argmax g(f)
8.00×
from observed distribution
Parametric f★μ/σ²
10.83×
Merton continuous-time
Half-Kelly½ f★
4.00×
~⅔ of full growth, half the variance
Quarter-Kelly¼ f★
2.00×
industry default — survives model error
0.00%0.00%0.00%0.00%0.00%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 2.71× leverage
Median CAGR/bar -0.000% · annualized Sharpe 7.57400 paths × 720 bars · leverage 2.71× · bootstrap from 4999 observed returns
Sharpe / barμ/σ
0.003
annualized 7.57
μ per barafter L
0.000%
σ per barafter L
0.07%
VaR 95%5%
0.11%
per-bar worst-case
CVaR 95%ES
0.18%
mean tail loss
Max DD (median)MDD
-0.2%
0.92×0.96×0.99×1.02×1.05×1.09×0120240360480600720startbar #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 395% · APY 1000% · Sharpe 6.54σ ann 60% · Sortino 5.97 · n 4999 · ⚠ capped (n=4999 too small to support 8760-bar projection)
0%240%480%720%960%1200%394.6%APR (simple)1000.0%APY (compound)60.4%Ann. vol σ653.6%Sharpe (ann)596.6%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%
57.34058.68560.03061.37662.72164.067t-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 10:50:56 UTC
Snapshot age
1.9s
History points
25 hourly closes
Page rendered
2026-06-14 10:50:58 UTC
Storage policy
no persistence — fetched on every request
SHA-256 attestation
7f2373ae39ec672f17b3e92e2b3391c458b9d7a00579736242bddb4211ba6f2b · 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

§∞-2 · Related markets · explore more

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Also see: /arb opportunities · RSS feed

Market depth

▸ live order book · Hyperliquid perp
Depth within 1bp
$27.58K
bid $16.33K · ask $11.24K
Depth within 5bp
$211.87K
bid $152.84K · ask $59.03K
Depth within 10bp
$211.87K
bid $152.84K · ask $59.03K
Depth within 50bp
$211.87K
bid $152.84K · ask $59.03K
Mid price
61.182500
(best bid + best ask) / 2
Spread
0.2bp
(bestAsk − bestBid) / mid
Imbalance (whole book)
+0.443
bid-heavy
Imbalance (top-5)
+0.687
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-hype/slippage?size=10000&side=buy

SideNotionalAvg fillSlippageWorst fillLevelsStatus
BUY$1.00K61.18300.08bp61.18301FILLED
BUY$10.00K61.18320.12bp61.18803FILLED
BUY$100.00K61.20002.86bp61.212020PARTIAL
SELL$1.00K61.18200.08bp61.18201FILLED
SELL$10.00K61.18150.16bp61.17802FILLED
SELL$100.00K61.17231.67bp61.167011FILLED

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-hype/carry · same metrics, JSON

Volume profile

▸ real volume · Hyperliquid candlesstep $ 1 · 25 records
Price binBarsVolumeDistribution
$61.0000–$62.00001$362.85K
$60.0000–$61.0000★13$2.80M
$59.0000–$60.00009$1.80M
$58.0000–$59.00002$571.72K

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

Order flow

▸ BID-LEAN · +0.298 · Hyperliquid candles
Bars (buy / sell)
15 / 9
1 unclassified
Buy weight
$3.41M
real volume
Sell weight
$1.84M
real volume
Net delta
$1.57M
buyers net
Imbalance
29.83%
(buy − sell) / (buy + sell)
Toxicity (VPIN)
29.8%
two-sided / balanced
Impact (|Δp|/vol)
—
needs real volume

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

Cascade clusters

▸ DOWN · 4 found · deepest 2.09% · 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 17:00:00Z1.0h60.2600→59.00002.091%2
#22026-06-14 03:00:00Z3.0h60.8960→59.89101.650%4
#32026-06-13 13:00:00Z0ms59.4480→59.03100.701%1

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

Risk metrics

▸ sovereign store · 5,000 barsperiods/year ≈ 5.26M
Realized vol (annualised)
60.38%
σ per bar = 0.000263
Mean return (annualised)
394.63%
μ per bar = 0.000001
Sharpe (rf=0)
6.54
annualised; risk-free assumed zero
Max drawdown
2.49%
peak 61.22 → trough 59.69 over 2542 bars

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