HYPERLIQUID · PERPETUAL FUTURES

MET

MET-USD perpetual · 24/7 trading on Hyperliquid

▸ Advanced metrics · M2M bundle

hyperliquid · perp-met · fresh · feed 2s old
24h sparkline · 60 pts▼ -2.03%
realized vol (ann.)
67.92%
max drawdown
1.91%
sharpe
-35.88
ulcer index
0.87%
RMS drawdown
pain index
0.71%
mean drawdown
mod. VaR 95%
0.04%
Cornish-Fisher
martin ratio
-2816.52
ret / ulcer
CDaR 95%
1.61%
cond. drawdown
gain/pain
0.93
Σgain / Σ|loss|
sterling
-1516.11
ret / CDaR
omega (θ=0)
0.93
upside/downside
roll spread
0.0 bps
implied (price-only)
bars used
2000
store
spread
—
24h Δ
-2.03%
flow lean
—
carry
longs_pay
10.95%
signalSHORTconfidence 40%suggested side: SELL
  • 24h change -2.03%
  • funding: longs pay — perp shorts get paid to wait
  • mark cheap vs HL oracle by 11.1bps — long bias
Same bundle via M2M API: /api/m2m/hl-met/bundle · venue execution: hyperliquid →
LIVEPOLL0SRCFRESH1.5s⏱--:--:-- 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
$0.103
24h Δ · live
-2.03%
24h vol · live
$0.1M
MET · live 24h price
n=25 · μ=0.1048 · σ=0.0008 · range [0.1030, 0.1063] · R²=0.669▼ FALLING -1.59%σ LOW 0.80%LAST 0.10320.10630.10540.10460.10380.1030μ = 0.1048max 0.1063min 0.1030dataMA(5)OLS R²=0.67μ lineμ ± σ bandmaxminlive endpoint
25 closes · last $0.10
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=952,422 · μ=38096.9 · σ=23922.1 · CV=0.63STEADY FLOWcumulative energy ↗ · 50% by h=14030,28760,57490,860121,147μ = 38097121,14750%h1h5h9h13h17h21h25#1 peak#2-3> μactivequietμ linecum energy
peak 121147 contracts
Live numerics · pulse on poll
LIVE NUMERICS9 metrics·POLL 0
⏱snapshot age
1.5s
$mark $
$0.1031
$mid $
$0.1031
◉prev-day close
$0.1052
Δ24h Δ %
-2.029%
$24h vol $
$97.62k
◐open interest $
$1.12M
%funding (1h)
0.001250%
%funding (yr)
+10.95%/yr

§1 · 24h time-series

Close price · hourly
n=25 · μ=0.1048 · σ=0.0008 · range [0.1030, 0.1063] · R²=0.669▼ FALLING -1.59%σ LOW 0.80%LAST 0.10320.10630.10540.10460.10380.1030μ = 0.1048max 0.1063min 0.1030dataMA(5)OLS R²=0.67μ lineμ ± σ bandmaxmin
mark $0.1031 · 24h -2.03% · range $[0.1030, 0.1063]
OHLC candles · hourly
n=25 · up 11 · down 14 (44% up) · range [0.1026, 0.1068] · σ=0.0008 · CV=0.01 · bodyµ=45%BEARISH -2.09%CLOSE 0.1032 vs OPEN 0.1053 (-2.09%)&#9660; CLOSE 0.10320.10680.10580.10470.10370.1026μ close = 0.1048O0.105 H0.105 L0.105 C0.105 (-0.50%)O0.105 H0.105 L0.105 C0.105 (-0.50%)O0.105 H0.106 L0.105 C0.106 (+0.67%)O0.105 H0.106 L0.105 C0.106 (+0.67%)O0.106 H0.107 L0.106 C0.106 (+0.41%)O0.106 H0.107 L0.106 C0.106 (+0.41%)O0.106 H0.106 L0.105 C0.106 (-0.65%)O0.106 H0.106 L0.105 C0.106 (-0.65%)O0.106 H0.107 L0.105 C0.106 (+0.09%)O0.106 H0.107 L0.105 C0.106 (+0.09%)O0.106 H0.106 L0.105 C0.105 (-0.51%)O0.106 H0.106 L0.105 C0.105 (-0.51%)O0.105 H0.106 L0.105 C0.105 (+0.17%)O0.105 H0.106 L0.105 C0.105 (+0.17%)O0.105 H0.105 L0.105 C0.105 (-0.08%)O0.105 H0.105 L0.105 C0.105 (-0.08%)O0.105 H0.106 L0.105 C0.106 (+0.74%)O0.105 H0.106 L0.105 C0.106 (+0.74%)O0.106 H0.107 L0.105 C0.106 (-0.55%)O0.106 H0.107 L0.105 C0.106 (-0.55%)O0.105 H0.106 L0.105 C0.105 (-0.43%)O0.105 H0.106 L0.105 C0.105 (-0.43%)O0.105 H0.105 L0.104 C0.105 (-0.38%)O0.105 H0.105 L0.104 C0.105 (-0.38%)O0.105 H0.106 L0.105 C0.105 (+0.27%)O0.105 H0.106 L0.105 C0.105 (+0.27%)O0.105 H0.105 L0.105 C0.105 (-0.41%)O0.105 H0.105 L0.105 C0.105 (-0.41%)O0.105 H0.105 L0.105 C0.105 (+0.32%)O0.105 H0.105 L0.105 C0.105 (+0.32%)O0.105 H0.105 L0.104 C0.105 (-0.49%)O0.105 H0.105 L0.104 C0.105 (-0.49%)O0.104 H0.106 L0.104 C0.105 (+0.83%)O0.104 H0.106 L0.104 C0.105 (+0.83%)O0.105 H0.106 L0.104 C0.105 (-0.85%)O0.105 H0.106 L0.104 C0.105 (-0.85%)O0.105 H0.105 L0.104 C0.104 (-0.39%)O0.105 H0.105 L0.104 C0.104 (-0.39%)O0.104 H0.105 L0.104 C0.104 (+0.44%)O0.104 H0.105 L0.104 C0.104 (+0.44%)O0.104 H0.105 L0.104 C0.104 (-0.11%)O0.104 H0.105 L0.104 C0.104 (-0.11%)-0.9%O0.105 H0.105 L0.103 C0.104 (-0.95%)O0.105 H0.105 L0.103 C0.104 (-0.95%)O0.104 H0.104 L0.103 C0.104 (+0.06%)O0.104 H0.104 L0.103 C0.104 (+0.06%)O0.104 H0.105 L0.103 C0.103 (-0.88%)O0.104 H0.105 L0.103 C0.103 (-0.88%)O0.103 H0.103 L0.103 C0.103 (+0.21%)O0.103 H0.103 L0.103 C0.103 (+0.21%)#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=952,422 · μ=38096.9 · σ=23922.1 · CV=0.63STEADY FLOWcumulative energy &nearr; · 50% by h=14030,28760,57490,860121,147μ = 3809725,679 · 21.2% peak25,679 · 21.2% peak18,588 · 15.3% peak18,588 · 15.3% peak45,557 · 37.6% peak45,557 · 37.6% peak33,498 · 27.7% peak33,498 · 27.7% peak10,391 · 8.6% peak10,391 · 8.6% peak46,530 · 38.4% peak46,530 · 38.4% peak29,450 · 24.3% peak29,450 · 24.3% peak23,927 · 19.8% peak23,927 · 19.8% peak33,215 · 27.4% peak33,215 · 27.4% peak44,524 · 36.8% peak44,524 · 36.8% peak42,548 · 35.1% peak42,548 · 35.1% peak73,242 · 60.5% peak73,242 · 60.5% peak19,626 · 16.2% peak19,626 · 16.2% peak31,526 · 26.0% peak31,526 · 26.0% peak14,127 · 11.7% peak14,127 · 11.7% peak38,424 · 31.7% peak38,424 · 31.7% peak121,147121,147 · 100.0% peak121,147 · 100.0% peak60,357 · 49.8% peak60,357 · 49.8% peak20,805 · 17.2% peak20,805 · 17.2% peak20,089 · 16.6% peak20,089 · 16.6% peak42,016 · 34.7% peak42,016 · 34.7% peak65,980 · 54.5% peak65,980 · 54.5% peak18,143 · 15.0% peak18,143 · 15.0% peak52,599 · 43.4% peak52,599 · 43.4% peak20,434 · 16.9% peak20,434 · 16.9% peak50%#1#5#9#13#17#21#25#1 peak#2-3> μactivequietμ linecum energy
Σ vol 952422 · peak 121147 · CV 0.63

§2 · Returns distribution (log-returns)

Histogram of rₜ = ln(pₜ/pₜ₋₁)
n=24 · 12 bins · μ=-0.0005 · σ=0.0052 · skew=0.43 (symmetric) · kurt=-0.90 (mesokurtic)43210 4-71.60bpbin -71.60bp · n=4 · 100.0% peakbin -71.60bp · n=4 · 100.0% peak 2-55.33bpbin -55.33bp · n=2 · 50.0% peakbin -55.33bp · n=2 · 50.0% peak 4-39.07bpbin -39.07bp · n=4 · 100.0% peakbin -39.07bp · n=4 · 100.0% peak 2-22.80bpbin -22.80bp · n=2 · 50.0% peakbin -22.80bp · n=2 · 50.0% peak 1-6.53bpbin -6.53bp · n=1 · 25.0% peakbin -6.53bp · n=1 · 25.0% peak 49.74bpbin 9.74bp · n=4 · 100.0% peakbin 9.74bp · n=4 · 100.0% peak26.00bp 342.27bpbin 42.27bp · n=3 · 75.0% peakbin 42.27bp · n=3 · 75.0% peak 158.54bpbin 58.54bp · n=1 · 25.0% peakbin 58.54bp · n=1 · 25.0% peak 274.81bpbin 74.81bp · n=2 · 50.0% peakbin 74.81bp · n=2 · 50.0% peak91.08bp 1107.34bpbin 107.34bp · n=1 · 25.0% peakbin 107.34bp · n=1 · 25.0% 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=0.48 · kurt=-0.64 · near 22 / mid 2 / far 0 · OLS slope=1.01 intercept=-0.00MATCHES NORMAL · WELL-BEHAVEDMILDLY HEAVY UPPERLOWER 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
$0.1031
Mid price
$0.1031
24h change
-2.03%
Mark–mid spread
0.00 bps
Prev-day close
$0.1052

§4 · Sample moments (prices)

Descriptive statistics · 5-number summary · shape diagnostics
SAMPLE MOMENTS · N=25APPROXIMATELY NORMAL · WELL-BEHAVED
μ MEAN0.1048$95% CI: [0.1045$, 0.1051$]
σ STD DEV0.0008$σ² = 0.007×10⁻⁴ · CV = 0.80%
med MEDIAN0.1049$Q₁ 0.1045$ · Q₃ 0.1053$
FIVE-NUMBER SUMMARY · BOX PLOTrange 0.0032$ · IQR 0.0008$ (1.349σ→0.0011$)
min 0.1030$Q₁ 0.1045$med 0.1049$Q₃ 0.1053$max 0.1063$μ
SKEWNESS · G₁-0.349approximately symmetric
−3−10+1+3
EXCESS KURTOSIS · G₂-0.454mesokurtic · normal-like
−30+2+4+6
μ ↔ medianμ < med · left-tailed|μ−med| / σ = 0.14
σ × 1.349 ↔ IQRdiverges from normalratio = 1.40
range ↔ σconcentrated (range < 4σ)range / σ = 3.85
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=-11.66
μᵣ MEAN / h-0.066918%drift is negative per h · |μ|/σ = 0.125
σᵣ STD / h0.537332%σ²ᵣ = 0.289×10⁻⁴ · CV = 8.03×
σ ANNUALISED50.29%/yrscaled by √8760 (hourly→yearly) · 0.537%/h base
RISK-ADJUSTED PERFORMANCEhigher = better edge per unit risk
SHARPE (annualised)-11.66negative edge
-2-10+1+2+3+4
SORTINO (annualised)-11.87downside 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 · G₁0.51right-skewed · heavy positive tail
-3-10+1+3
EXCESS KURTOSIS · G₂-0.50mesokurtic · normal-like tails
-30+2+4+6
SORTINO vs SHARPEdownside vol < total vol · favourableSoR / SR = 1.02
CALMAR · DD CONTROLdrawdown > returns · adverseCR = -100.00
EXPECTED EDGE-586.20%/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 0.75%
VaR₉₅ (h)0.751%5% prob of larger adverse h move
VaR₉₉ (h)0.787%1% prob · extreme-tail threshold
ES₉₅ (CVaR)0.776%expected loss given 5% tail event
MAX DRAWDOWN3.05%15h from peak to trough
TAIL-RISK LADDER (h losses)larger negative = worse · markers show severity
0 · no lossVaR₉₅−0.751%VaR₉₉−0.787%ES₉₅−0.776%worst tail ←→ zero loss
MAX DRAWDOWN PROFILEmoderate drawdown · 15h duration
PEAK10.63$
−3.05% drawdown over 15h
10.30$TROUGH
ES / VaR · TAIL THICKNESSthin tails · ES ≈ VaR|ES₉₅| / |VaR₉₅| = 1.03× (normal ≈ 1.25)
VaR₉₉ / VaR₉₅ · CONCENTRATIONuniform tailratio = 1.05× (normal ≈ 1.41)
DRAWDOWN · CAPITAL DURATIONmoderate drawdownrecovery needed: +3.15% (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)
39.8 · neutral
Bollinger %B
0.043 · within band
Bollinger upper
$0.1062
Bollinger MA
$0.1046
Bollinger lower
$0.1030

§8 · Time-series structure

Regime & autocorrelation diagnostics
TIME-SERIES STRUCTUREREGIME: MEAN-REVERTING · ρ(1) -0.24 + ADF rejected
ρ(1) AUTOCORR-0.245within white-noise band
ρ(2) AUTOCORR-0.075lag-2 not significant
H · HURST EXPONENT1.095strongly persistent
OLS TREND · t-STAT-6.811significant @ α=0.05
HURST EXPONENT [0, 1]strongly persistent · H = 1.095
H = 1.095STRONGLY 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=1-0.245k=2-0.075k=3-0.160k=4+0.062k=5-0.1290+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|=6.81)
−5 reject−1.960 retain H₀+1.96+5 reject
REGIME CLASSIFICATIONMEAN-REVERTING · ρ(1) -0.24 + 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|=6.81)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)
$97.62k
Open interest (USD)
$1.12M
Vol / OI (turnover)
0.09x
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 1.15% · worst -0.80% · typical |Δ| 0.45%MILD BEARISH -1.61%BEST+1.15%21hWORST-0.80%23hTYPICAL |Δ|0.45%mean absoluteCUMULATIVE-1.61%Σ signed ΔSTREAK↗ 1up-runASIA · 00-08 UTCμ -0.10% · Σ -0.78%EUROPE · 08-16 UTCμ +0.05% · Σ +0.40%US · 16-24 UTCμ -0.15% · Σ -1.22%CUMULATIVE Δ PATH · final -1.61%+1.36%-1.73%0.79% · 14h0.79% · 14h0.79%14h0.54% · 15h0.54% · 15h0.54%15h-0.58% · 16h-0.58% · 16h-0.58%16h0.03% · 17h0.03% · 17h0.03%17h-0.58% · 18h-0.58% · 18h-0.58%18h0.08% · 19h0.08% · 19h0.08%19h-0.07% · 20h-0.07% · 20h-0.07%20h1.15% · 21h1.15% · 21h1.15%21h★ BEST-0.46% · 22h-0.46% · 22h-0.46%22h-0.80% · 23h-0.80% · 23h-0.80%23h▼ WORST-0.22% · 00h-0.22% · 00h-0.22%00h0.34% · 01h0.34% · 01h0.34%01h-0.39% · 02h-0.39% · 02h-0.39%02h0.34% · 03h0.34% · 03h0.34%03h-0.42% · 04h-0.42% · 04h-0.42%04h0.69% · 05h0.69% · 05h0.69%05h-0.73% · 06h-0.73% · 06h-0.73%06h-0.39% · 07h-0.39% · 07h-0.39%07h0.35% · 08h0.35% · 08h0.35%08h-0.17% · 09h-0.17% · 09h-0.17%09h-0.65% · 10h-0.65% · 10h-0.65%10h0.17% · 11h0.17% · 11h0.17%11h-0.75% · 12h-0.75% · 12h-0.75%12h0.13% · 13h0.13% · 13h0.13%13hTIME PATTERNEurope-led (+0.40%)RUNSup max 2 · down max 3BREADTH46% up · 54% down
11 up bars · 13 down · best 1.15% · worst -0.80% · typical |Δ| 0.451%

§12 · Equity curve & underwater drawdown

Cumulative compounded return + running peak-to-trough
EQUITY & DRAWDOWN ANALYSIS · n=25 barsLOSS WITH MODERATE DD (-1.63%)FINAL-1.63%MAX DD-3.07%RECOVERYONGOING · 16 barsMAX RUN-UP+1.36%UNDERWATER21/25 (84%)STREAK↗ 1EQUITY CURVE · end 0.9837 · peak 1.0136 · range [0.9825, 1.0136]1.01360.9825break-even = 1★ PEAK 1.0136UNDERWATER DRAWDOWN · max -3.07% · moderate0%-3.07%▼ TROUGH -3.07%TOP DRAWDOWN PERIODS · 2 total#1 -3.07%bar 10-25 · 16 bars · ONGOING#2 -1.12%bar 4-8 · 5 bars · recoveredDD SEVERITYmoderate (max -3.07%)RECOVERYongoing · 16 barsTIME UNDER WATER84% of session · 21/25 bars
final equity 0.9837 (-1.63%) · max DD -3.07% · time-under-water 21/25 bars

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

Rolling annualised Sharpe ratio · green positive · red negative
n=19 · +4 / −15 (21% positive) · μ=-16.91 · σ=19.13UNPROFITABLE STRATEGYLAST -31.45 (-0.76σ vs μ)50.7125.350.00-25.35-50.71μ = -16.917.687.68-21.15-21.150.930.933.843.84-15.02-15.02-7.36-7.36-1.08-1.08-8.24-8.24-40.23-40.23-39.18-39.1811.5811.58-4.79-4.79-26.10-26.10-4.51-4.51-19.86-19.86-25.10-25.10-50.52-50.52-50.71-50.71-31.45-31.45v > 0 · positivev < 0 · negativeμ mean lineμ ± σ bandlatest bar (outlined)
latest -31.454 · range [-50.71, 11.58] · μ -16.909 · positive Sharpe = excess-return-per-risk earned by buying-and-holding through this window
Rolling annualised volatility (%)
n=19 · μ=51.6168 · σ=8.8967 · range [39.9671, 65.8988] · R²=0.208▼ FALLING -18.08%σ EXTREME 17.24%LAST 43.000265.898859.415952.933046.450039.9671μ = 51.6168max 65.8988min 39.9671dataMA(3)OLS R²=0.21μ lineμ ± σ bandmaxmin
latest 43.00% · range [39.97%, 65.90%] · μ 51.62% · σ̂ scaled to annualised (×√8760)
Rolling lag-1 autocorrelation ρ(1)
n=19 · +1 / −18 (5% positive) · μ=-0.323 · σ=0.250MEAN-REVERSIONLAST -0.501 (-0.71σ vs μ)0.7640.3820.000-0.382-0.764μ = -0.3230.0400.040-0.551-0.551-0.077-0.077-0.366-0.366-0.092-0.092-0.038-0.038-0.062-0.062-0.111-0.111-0.047-0.047-0.324-0.324-0.726-0.726-0.764-0.764-0.559-0.559-0.513-0.513-0.512-0.512-0.292-0.292-0.180-0.180-0.467-0.467-0.501-0.501v > 0 · positivev < 0 · negativeμ mean lineμ ± σ bandlatest bar (outlined)
latest -0.501 · |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
1.2994
p-VALUE (log scale)
0.5222
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
3.2165
p-VALUE (log scale)
0.6692
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
-1.0495
p-VALUE (log scale)
0.7335
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedrandom-walk behaviour (crit ≈ -2.86)
±

Wald-Wolfowitz runs

REJECT H₀*

H₀: Sign sequence of Δ is random

STATISTIC
2.5579
p-VALUE (log scale)
0.0105
α
10⁻⁴10⁻³10⁻²10⁻¹1
p < α · rejection zonenon-random sign pattern (19 runs)
χ

KPSS (μ stationarity)

REJECT H₀**

H₀: p IS level-stationary

STATISTIC
0.7657
p-VALUE (log scale)
0.0086
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
-1.6449
p-VALUE (log scale)
0.1000
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedVR 0.499 ≈ 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=3.36e-5 · top T=2.00h (35.1%) · top-3 cover 67.7%2 SIGNIFICANT CYCLEScumulative energy ↗ (2 bins above 2× noise)1.4e-41.1e-47.1e-53.5e-50.0e+0μ noise floor2× noise (significance)period 24.0 · power 3.61e-6 · 0.9% energyperiod 24.0 · power 3.61e-6 · 0.9% energyperiod 12.0 · power 5.70e-6 · 1.4% energyperiod 12.0 · power 5.70e-6 · 1.4% energyperiod 8.0 · power 1.79e-5 · 4.4% energyperiod 8.0 · power 1.79e-5 · 4.4% energyperiod 6.0 · power 7.14e-5 · 17.7% energyperiod 6.0 · power 7.14e-5 · 17.7% energyperiod 4.8 · power 1.12e-5 · 2.8% energyperiod 4.8 · power 1.12e-5 · 2.8% energyperiod 4.0 · power 2.11e-5 · 5.3% energyperiod 4.0 · power 2.11e-5 · 5.3% energyperiod 3.4 · power 6.01e-5 · 14.9% energyperiod 3.4 · power 6.01e-5 · 14.9% energyperiod 3.0 · power 2.35e-5 · 5.8% energyperiod 3.0 · power 2.35e-5 · 5.8% energyperiod 2.7 · power 3.88e-5 · 9.6% energyperiod 2.7 · power 3.88e-5 · 9.6% energyperiod 2.4 · power 5.17e-6 · 1.3% energyperiod 2.4 · power 5.17e-6 · 1.3% energyperiod 2.2 · power 3.04e-6 · 0.8% energyperiod 2.2 · power 3.04e-6 · 0.8% energyperiod 2.0 · power 1.41e-4 · 35.1% energyperiod 2.0 · power 1.41e-4 · 35.1% energy50% by T=3.0h#1 dominantT=2.00h#2T=6.00h#3T=3.43hT=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 35.1% of total energy · Σ|X̂|²/n = 4.026e-4

▸ 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 -0.000% per barparametric μ/σ² short edge (μ<0) · μ -0.000% · σ 0.03%
μ per barmean
-0.000%
σ per barvol
0.03%
Empirical f★argmax g(f)
0.00×
from observed distribution
Parametric f★μ/σ²
-19.61×
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 -16.63400 paths × 720 bars · leverage 0.10× · bootstrap from 4999 observed returns
Sharpe / barμ/σ
-0.007
annualized -16.63
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 -945% · APY -100% · Sharpe -13.61σ ann 69% · Sortino -8.04 · n 4999
-1633%-1290%-947%-603%-260%83%-944.8%APR (simple)-100.0%APY (compound)69.4%Ann. vol σ-1361.2%Sharpe (ann)-803.6%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%
0.0980.1010.1030.1060.1080.111t-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
1.5s
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
1058e58643ee61ce3e462075b725a2beacab037b969ce4bffce479cf867a0d77 · 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
$0
bid $0 · ask $0
Depth within 10bp
$4.26K
bid $1.39K · ask $2.87K
Depth within 50bp
$64.28K
bid $33.97K · ask $30.30K
Mid price
0.103085
(best bid + best ask) / 2
Spread
12.6bp
(bestAsk − bestBid) / mid
Imbalance (whole book)
+0.059
bid-heavy
Imbalance (top-5)
-0.368
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-met/slippage?size=10000&side=buy

SideNotionalAvg fillSlippageWorst fillLevelsStatus
BUY$1.00K0.1031556.79bp0.1031602FILLED
BUY$10.00K0.10319810.95bp0.1032507FILLED
BUY$100.00K0.10331922.69bp0.10348020PARTIAL
SELL$1.00K0.1030196.41bp0.1030102FILLED
SELL$10.00K0.10292115.88bp0.1028509FILLED
SELL$100.00K0.10281326.36bp0.10263020PARTIAL

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-met/carry · same metrics, JSON

Volume profile

▸ real volume · Hyperliquid candlesstep $ 1 · 25 records
Price binBarsVolumeDistribution
$0.000000–$1.0000★25$952.42K

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

Order flow

▸ ASK-LEAN · -0.243 · Hyperliquid candles
Bars (buy / sell)
11 / 13
1 unclassified
Buy weight
$350.77K
real volume
Sell weight
$575.98K
real volume
Net delta
$225.21K
sellers net
Imbalance
-24.30%
(buy − sell) / (buy + sell)
Toxicity (VPIN)
24.3%
two-sided / balanced
Impact (|Δp|/vol)
—
needs real volume

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

Cascade clusters

▸ DOWN · 4 found · deepest 1.47% · 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 23:00:00Z2.0h0.106260→0.1047001.468%3
#22026-06-14 10:00:00Z3.0h0.104480→0.1030201.397%4
#32026-06-14 06:00:00Z2.0h0.105290→0.1041101.121%3

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

Risk metrics

▸ sovereign store · 5,000 barsperiods/year ≈ 5.26M
Realized vol (annualised)
69.41%
σ per bar = 0.000303
Mean return (annualised)
-944.76%
μ per bar = -0.000002
Sharpe (rf=0)
-13.61
annualised; risk-free assumed zero
Max drawdown
3.49%
peak 0.11 → trough 0.10 over 4384 bars

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