HYPERLIQUID · PERPETUAL FUTURES

MNT

MNT-USD perpetual · 24/7 trading on Hyperliquid

▸ Advanced metrics · M2M bundle

hyperliquid · perp-mnt · fresh · feed 2s old
24h sparkline · 60 pts▲ 0.96%
realized vol (ann.)
34.18%
max drawdown
1.90%
sharpe
-123.00
ulcer index
1.01%
RMS drawdown
pain index
0.87%
mean drawdown
mod. VaR 95%
0.02%
Cornish-Fisher
martin ratio
-4155.72
ret / ulcer
CDaR 95%
1.87%
cond. drawdown
gain/pain
0.79
Σgain / Σ|loss|
sterling
-2254.23
ret / CDaR
omega (θ=0)
0.79
upside/downside
roll spread
0.0 bps
implied (price-only)
bars used
2000
store
spread
—
24h Δ
0.96%
flow lean
—
carry
longs_pay
10.95%
signalNEUTRALconfidence 35%
  • funding: longs pay — perp shorts get paid to wait
Same bundle via M2M API: /api/m2m/hl-mnt/bundle · venue execution: hyperliquid →
LIVEPOLL0SRCFRESH2.2s⏱--:--:-- 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
$0.551
24h Δ · live
0.96%
24h vol · live
$0.3M
MNT · live 24h price
n=25 · μ=0.5546 · σ=0.0041 · range [0.5470, 0.5625] · R²=0.453▲ RISING +0.75%σ LOW 0.73%LAST 0.55150.56250.55860.55470.55080.5470μ = 0.5546max 0.5625min 0.5470dataMA(5)OLS R²=0.45μ lineμ ± σ bandmaxminlive endpoint
25 closes · last $0.55
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=515,972 · μ=20638.9 · σ=21415.7 · CV=1.04BURSTY · concentratedcumulative energy ↗ · 50% by h=14022,76445,52768,29191,055μ = 2063991,054.650%h1h5h9h13h17h21h25#1 peak#2-3> μactivequietμ linecum energy
peak 91055 contracts
Live numerics · pulse on poll
LIVE NUMERICS9 metrics·POLL 0
⏱snapshot age
2.2s
$mark $
$0.5515
$mid $
$0.5514
◉prev-day close
$0.5462
Δ24h Δ %
+0.965%
$24h vol $
$284.77k
◐open interest $
$2.77M
%funding (1h)
0.001250%
%funding (yr)
+10.95%/yr

§1 · 24h time-series

Close price · hourly
n=25 · μ=0.5546 · σ=0.0041 · range [0.5470, 0.5625] · R²=0.453▲ RISING +0.75%σ LOW 0.73%LAST 0.55150.56250.55860.55470.55080.5470μ = 0.5546max 0.5625min 0.5470dataMA(5)OLS R²=0.45μ lineμ ± σ bandmaxmin
mark $0.5515 · 24h 0.96% · range $[0.5470, 0.5625]
OHLC candles · hourly
n=25 · up 16 · down 9 (64% up) · range [0.5456, 0.5635] · σ=0.0041 · CV=0.01 · bodyµ=53%BULLISH +0.91%CLOSE 0.5515 vs OPEN 0.5466 (+0.91%)&#9650; CLOSE 0.55150.56350.55900.55460.55010.5456μ close = 0.5546O0.547 H0.548 L0.546 C0.547 (+0.15%)O0.547 H0.548 L0.546 C0.547 (+0.15%)O0.548 H0.550 L0.547 C0.549 (+0.19%)O0.548 H0.550 L0.547 C0.549 (+0.19%)O0.549 H0.549 L0.546 C0.547 (-0.29%)O0.549 H0.549 L0.546 C0.547 (-0.29%)O0.547 H0.549 L0.547 C0.548 (+0.08%)O0.547 H0.549 L0.547 C0.548 (+0.08%)O0.548 H0.550 L0.548 C0.550 (+0.33%)O0.548 H0.550 L0.548 C0.550 (+0.33%)O0.550 H0.554 L0.550 C0.553 (+0.53%)O0.550 H0.554 L0.550 C0.553 (+0.53%)O0.553 H0.555 L0.553 C0.555 (+0.42%)O0.553 H0.555 L0.553 C0.555 (+0.42%)O0.556 H0.556 L0.552 C0.556 (+0.12%)O0.556 H0.556 L0.552 C0.556 (+0.12%)O0.556 H0.558 L0.556 C0.557 (+0.19%)O0.556 H0.558 L0.556 C0.557 (+0.19%)O0.557 H0.558 L0.557 C0.557 (+0.03%)O0.557 H0.558 L0.557 C0.557 (+0.03%)O0.557 H0.558 L0.554 C0.555 (-0.49%)O0.557 H0.558 L0.554 C0.555 (-0.49%)O0.555 H0.556 L0.554 C0.555 (+0.07%)O0.555 H0.556 L0.554 C0.555 (+0.07%)O0.555 H0.557 L0.554 C0.556 (+0.30%)O0.555 H0.557 L0.554 C0.556 (+0.30%)O0.557 H0.557 L0.555 C0.556 (-0.09%)O0.557 H0.557 L0.555 C0.556 (-0.09%)O0.556 H0.556 L0.554 C0.555 (-0.23%)O0.556 H0.556 L0.554 C0.555 (-0.23%)O0.555 H0.555 L0.553 C0.554 (-0.15%)O0.555 H0.555 L0.553 C0.554 (-0.15%)O0.554 H0.557 L0.554 C0.555 (+0.14%)O0.554 H0.557 L0.554 C0.555 (+0.14%)O0.555 H0.557 L0.554 C0.557 (+0.41%)O0.555 H0.557 L0.554 C0.557 (+0.41%)O0.557 H0.560 L0.556 C0.559 (+0.29%)O0.557 H0.560 L0.556 C0.559 (+0.29%)0.7%O0.558 H0.563 L0.558 C0.562 (+0.74%)O0.558 H0.563 L0.558 C0.562 (+0.74%)O0.562 H0.563 L0.559 C0.559 (-0.57%)O0.562 H0.563 L0.559 C0.559 (-0.57%)O0.559 H0.562 L0.559 C0.560 (+0.24%)O0.559 H0.562 L0.559 C0.560 (+0.24%)O0.560 H0.561 L0.556 C0.557 (-0.65%)O0.560 H0.561 L0.556 C0.557 (-0.65%)O0.557 H0.558 L0.555 C0.555 (-0.36%)O0.557 H0.558 L0.555 C0.555 (-0.36%)O0.555 H0.555 L0.551 C0.552 (-0.62%)O0.555 H0.555 L0.551 C0.552 (-0.62%)#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=515,972 · μ=20638.9 · σ=21415.7 · CV=1.04BURSTY · concentratedcumulative energy &nearr; · 50% by h=14022,76445,52768,29191,055μ = 206394,324.2 · 4.7% peak4,324.2 · 4.7% peak10,928.3 · 12.0% peak10,928.3 · 12.0% peak39,972.1 · 43.9% peak39,972.1 · 43.9% peak34,714.7 · 38.1% peak34,714.7 · 38.1% peak10,489.6 · 11.5% peak10,489.6 · 11.5% peak14,929.3 · 16.4% peak14,929.3 · 16.4% peak10,604.9 · 11.6% peak10,604.9 · 11.6% peak37,218.2 · 40.9% peak37,218.2 · 40.9% peak6,595.8 · 7.2% peak6,595.8 · 7.2% peak32,241.2 · 35.4% peak32,241.2 · 35.4% peak32,980.7 · 36.2% peak32,980.7 · 36.2% peak13,544.8 · 14.9% peak13,544.8 · 14.9% peak6,551.8 · 7.2% peak6,551.8 · 7.2% peak10,545.8 · 11.6% peak10,545.8 · 11.6% peak3,370.2 · 3.7% peak3,370.2 · 3.7% peak5,236.5 · 5.8% peak5,236.5 · 5.8% peak3,391.4 · 3.7% peak3,391.4 · 3.7% peak4,835.1 · 5.3% peak4,835.1 · 5.3% peak91,054.691,054.6 · 100.0% peak91,054.6 · 100.0% peak14,388.1 · 15.8% peak14,388.1 · 15.8% peak34,443.6 · 37.8% peak34,443.6 · 37.8% peak9,450.8 · 10.4% peak9,450.8 · 10.4% peak66,071.1 · 72.6% peak66,071.1 · 72.6% peak8,893.2 · 9.8% peak8,893.2 · 9.8% peak9,196 · 10.1% peak9,196 · 10.1% peak50%#1#5#9#13#17#21#25#1 peak#2-3> μactivequietμ linecum energy
Σ vol 515972 · peak 91055 · CV 1.04

§2 · Returns distribution (log-returns)

Histogram of rₜ = ln(pₜ/pₜ₋₁)
n=24 · 12 bins · μ=0.0004 · σ=0.0036 · skew=-0.41 (symmetric) · kurt=-0.80 (mesokurtic)54310 3-60.35bpbin -60.35bp · n=3 · 60.0% peakbin -60.35bp · n=3 · 60.0% peak 1-49.47bpbin -49.47bp · n=1 · 20.0% peakbin -49.47bp · n=1 · 20.0% peak-38.59bp 2-27.71bpbin -27.71bp · n=2 · 40.0% peakbin -27.71bp · n=2 · 40.0% peak 2-16.84bpbin -16.84bp · n=2 · 40.0% peakbin -16.84bp · n=2 · 40.0% peak 1-5.96bpbin -5.96bp · n=1 · 20.0% peakbin -5.96bp · n=1 · 20.0% peak 24.92bpbin 4.92bp · n=2 · 40.0% peakbin 4.92bp · n=2 · 40.0% peak 515.80bpbin 15.80bp · n=5 · 100.0% peakbin 15.80bp · n=5 · 100.0% peak 326.67bpbin 26.67bp · n=3 · 60.0% peakbin 26.67bp · n=3 · 60.0% peak 237.55bpbin 37.55bp · n=2 · 40.0% peakbin 37.55bp · n=2 · 40.0% peak 148.43bpbin 48.43bp · n=1 · 20.0% peakbin 48.43bp · n=1 · 20.0% peak 259.31bpbin 59.31bp · n=2 · 40.0% peakbin 59.31bp · n=2 · 40.0% 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=-0.39 · kurt=-0.76 · near 20 / mid 4 / far 0 · OLS slope=1.01 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
$0.5515
Mid price
$0.5514
24h change
+0.96%
Mark–mid spread
0.54 bps
Prev-day close
$0.5462

§4 · Sample moments (prices)

Descriptive statistics · 5-number summary · shape diagnostics
SAMPLE MOMENTS · N=25APPROXIMATELY NORMAL · WELL-BEHAVED
μ MEAN0.5546$95% CI: [0.5531$, 0.5562$]
σ STD DEV0.0041$σ² = 0.166×10⁻⁴ · CV = 0.73%
med MEDIAN0.5552$Q₁ 0.5527$ · Q₃ 0.5571$
FIVE-NUMBER SUMMARY · BOX PLOTrange 0.0155$ · IQR 0.0043$ (1.349σ→0.0055$)
min 0.5470$Q₁ 0.5527$med 0.5552$Q₃ 0.5571$max 0.5625$μ
SKEWNESS · G₁-0.389approximately symmetric
−3−10+1+3
EXCESS KURTOSIS · G₂-0.628mesokurtic · normal-like
−30+2+4+6
μ ↔ medianμ < med · left-tailed|μ−med| / σ = 0.12
σ × 1.349 ↔ IQRdiverges from normalratio = 1.27
range ↔ σconcentrated (range < 4σ)range / σ = 3.81
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=7.79
μᵣ MEAN / h+0.031320%drift is positive per h · |μ|/σ = 0.083
σᵣ STD / h0.376068%σ²ᵣ = 0.141×10⁻⁴ · CV = 12.01×
σ ANNUALISED35.20%/yrscaled by √8760 (hourly→yearly) · 0.376%/h base
RISK-ADJUSTED PERFORMANCEhigher = better edge per unit risk
SHARPE (annualised)7.79excellent · top-decile
-2-10+1+2+3+4
SORTINO (annualised)6.83strong 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 · G₁-0.41approximately symmetric
-3-10+1+3
EXCESS KURTOSIS · G₂-0.65mesokurtic · normal-like tails
-30+2+4+6
SORTINO vs SHARPEdownside drag · negatively skewedSoR / SR = 0.88
CALMAR · DD CONTROLdrawdown control exceptionalCR = 100.00
EXPECTED EDGE+274.36%/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 0.64%
VaR₉₅ (h)0.642%5% prob of larger adverse h move
VaR₉₉ (h)0.657%1% prob · extreme-tail threshold
ES₉₅ (CVaR)0.656%expected loss given 5% tail event
MAX DRAWDOWN1.95%5h from peak to trough
TAIL-RISK LADDER (h losses)larger negative = worse · markers show severity
0 · no lossVaR₉₅−0.642%VaR₉₉−0.657%ES₉₅−0.656%worst tail ←→ zero loss
MAX DRAWDOWN PROFILEmoderate drawdown · 5h duration
PEAK56.25$
−1.95% drawdown over 5h
55.15$TROUGH
ES / VaR · TAIL THICKNESSthin tails · ES ≈ VaR|ES₉₅| / |VaR₉₅| = 1.02× (normal ≈ 1.25)
VaR₉₉ / VaR₉₅ · CONCENTRATIONuniform tailratio = 1.02× (normal ≈ 1.41)
DRAWDOWN · CAPITAL DURATIONmoderate drawdownrecovery needed: +1.99% (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)
47.8 · neutral
Bollinger %B
0.030 · within band
Bollinger upper
$0.5614
Bollinger MA
$0.5563
Bollinger lower
$0.5512

§8 · Time-series structure

Regime & autocorrelation diagnostics
TIME-SERIES STRUCTUREREGIME: TRENDING · variance ratio > 1
ρ(1) AUTOCORR+0.181within white-noise band
ρ(2) AUTOCORR+0.285lag-2 not significant
H · HURST EXPONENT0.832strongly persistent
OLS TREND · t-STAT+4.363significant @ α=0.05
HURST EXPONENT [0, 1]strongly persistent · H = 0.832
H = 0.832STRONGLY 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+0.181k=2+0.285k=3-0.207k=4-0.071k=5-0.2540+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|=4.36)
−5 reject−1.960 retain H₀+1.96+5 reject
REGIME CLASSIFICATIONTRENDING · variance ratio > 1from Hurst + ρ(1) joint diagnosis
PREDICTABILITY · score 0.85very high · strong structure|ρ(1)| + 2·|H − 0.5| heuristic
TREND SIGNIFICANCESIGNIFICANT @ 1% (|t|=4.36)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)
$284.77k
Open interest (USD)
$2.77M
Vol / OI (turnover)
0.10x
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 0.65% · worst -0.66% · typical |Δ| 0.31%BULLISH SESSION +0.75%BEST+0.65%09hWORST-0.66%14hTYPICAL |Δ|0.31%mean absoluteCUMULATIVE+0.75%Σ signed ΔSTREAK↘ 3down-runASIA · 00-08 UTCμ -0.00% · Σ -0.01%EUROPE · 08-16 UTCμ -0.10% · Σ -0.77%US · 16-24 UTCμ +0.19% · Σ +1.53%CUMULATIVE Δ PATH · final +0.75%+2.72%-0.07%0.24% · 15h0.24% · 15h0.24%15h-0.31% · 16h-0.31% · 16h-0.31%16h0.12% · 17h0.12% · 17h0.12%17h0.37% · 18h0.37% · 18h0.37%18h0.56% · 19h0.56% · 19h0.56%19h0.49% · 20h0.49% · 20h0.49%20h0.15% · 21h0.15% · 21h0.15%21h0.14% · 22h0.14% · 22h0.14%22h0.02% · 23h0.02% · 23h0.02%23h-0.48% · 00h-0.48% · 00h-0.48%00h0.07% · 01h0.07% · 01h0.07%01h0.28% · 02h0.28% · 02h0.28%02h-0.07% · 03h-0.07% · 03h-0.07%03h-0.22% · 04h-0.22% · 04h-0.22%04h-0.13% · 05h-0.13% · 05h-0.13%05h0.12% · 06h0.12% · 06h0.12%06h0.41% · 07h0.41% · 07h0.41%07h0.31% · 08h0.31% · 08h0.31%08h0.65% · 09h0.65% · 09h0.65%09h★ BEST-0.57% · 10h-0.57% · 10h-0.57%10h0.19% · 11h0.19% · 11h0.19%11h-0.65% · 12h-0.65% · 12h-0.65%12h-0.27% · 13h-0.27% · 13h-0.27%13h-0.66% · 14h-0.66% · 14h-0.66%14h▼ WORSTTIME PATTERNUS-led (+1.53%)RUNSup max 7 · down max 3BREADTH63% up · 38% down
15 up bars · 9 down · best 0.65% · worst -0.66% · typical |Δ| 0.311%

§12 · Equity curve & underwater drawdown

Cumulative compounded return + running peak-to-trough
EQUITY & DRAWDOWN ANALYSIS · n=25 barsPROFITABLE +0.74%FINAL+0.74%MAX DD-1.95%RECOVERYONGOING · 5 barsMAX RUN-UP+2.75%UNDERWATER15/25 (60%)STREAK↘ 3EQUITY CURVE · end 1.0074 · peak 1.0275 · range [0.9992, 1.0275]1.02750.9992break-even = 1★ PEAK 1.0275UNDERWATER DRAWDOWN · max -1.95% · moderate0%-1.95%▼ TROUGH -1.95%TOP DRAWDOWN PERIODS · 3 total#1 -1.95%bar 21-25 · 5 bars · ONGOING#2 -0.54%bar 11-18 · 8 bars · recovered#3 -0.31%bar 3-4 · 2 bars · recoveredDD SEVERITYmoderate (max -1.95%)RECOVERYongoing · 5 barsTIME UNDER WATER60% of session · 15/25 bars
final equity 1.0074 (0.74%) · max DD -1.95% · time-under-water 15/25 bars

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

Rolling annualised Sharpe ratio · green positive · red negative
n=19 · +14 / −5 (74% positive) · μ=29.43 · σ=48.49PROFITABLE STRATEGYLAST -38.59 (-1.40σ vs μ)147.6273.810.00-73.81-147.62μ = 29.4372.3872.3867.7367.73147.62147.62123.69123.6936.7836.7819.5219.5210.8310.83-2.27-2.27-23.49-23.49-32.63-32.634.614.6124.8024.8026.0826.0853.6553.6528.0928.0941.3241.329.519.51-10.49-10.49-38.59-38.59v > 0 · positivev < 0 · negativeμ mean lineμ ± σ bandlatest bar (outlined)
latest -38.586 · range [-38.59, 147.62] · μ 29.429 · positive Sharpe = excess-return-per-risk earned by buying-and-holding through this window
Rolling annualised volatility (%)
n=19 · μ=30.7009 · σ=10.5333 · range [17.1420, 50.5645] · R²=0.428▲ RISING +69.01%σ EXTREME 34.31%LAST 49.958250.564542.208833.853225.497617.1420μ = 30.7009max 50.5645min 17.1420dataMA(3)OLS R²=0.43μ lineμ ± σ bandmaxmin
latest 49.96% · range [17.14%, 50.56%] · μ 30.70% · σ̂ scaled to annualised (×√8760)
Rolling lag-1 autocorrelation ρ(1)
n=19 · +12 / −7 (63% positive) · μ=0.089 · σ=0.289CLOSE TO MARTINGALELAST -0.411 (-1.73σ vs μ)0.5850.2920.000-0.292-0.585μ = 0.0890.3450.3450.3030.3030.2620.2620.4690.4690.3270.3270.1280.1280.0230.023-0.118-0.118-0.126-0.1260.0250.0250.1810.1810.2360.2360.5850.5850.4030.403-0.233-0.233-0.324-0.324-0.208-0.208-0.183-0.183-0.411-0.411v > 0 · positivev < 0 · negativeμ mean lineμ ± σ bandlatest bar (outlined)
latest -0.411 · |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
1.1112
p-VALUE (log scale)
0.5737
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
6.7302
p-VALUE (log scale)
0.2405
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
-1.8554
p-VALUE (log scale)
0.3641
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
-1.0049
p-VALUE (log scale)
0.3150
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedsigns appear random (10 runs)
χ

KPSS (μ stationarity)

REJECT H₀*

H₀: p IS level-stationary

STATISTIC
0.5297
p-VALUE (log scale)
0.0350
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
1.2647
p-VALUE (log scale)
0.2060
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedVR 1.385 ≈ 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=1.52e-5 · top T=12.00h (33.6%) · top-3 cover 66.6%2 SIGNIFICANT CYCLEScumulative energy ↗ (2 bins above 2× noise)6.2e-54.6e-53.1e-51.5e-50.0e+0μ noise floor2× noise (significance)period 24.0 · power 7.65e-6 · 4.2% energyperiod 24.0 · power 7.65e-6 · 4.2% energyperiod 12.0 · power 6.15e-5 · 33.6% energyperiod 12.0 · power 6.15e-5 · 33.6% energyperiod 8.0 · power 8.44e-6 · 4.6% energyperiod 8.0 · power 8.44e-6 · 4.6% energyperiod 6.0 · power 1.53e-5 · 8.4% energyperiod 6.0 · power 1.53e-5 · 8.4% energyperiod 4.8 · power 1.72e-6 · 0.9% energyperiod 4.8 · power 1.72e-6 · 0.9% energyperiod 4.0 · power 3.47e-6 · 1.9% energyperiod 4.0 · power 3.47e-6 · 1.9% energyperiod 3.4 · power 1.14e-5 · 6.2% energyperiod 3.4 · power 1.14e-5 · 6.2% energyperiod 3.0 · power 2.12e-6 · 1.2% energyperiod 3.0 · power 2.12e-6 · 1.2% energyperiod 2.7 · power 3.46e-6 · 1.9% energyperiod 2.7 · power 3.46e-6 · 1.9% energyperiod 2.4 · power 7.55e-6 · 4.1% energyperiod 2.4 · power 7.55e-6 · 4.1% energyperiod 2.2 · power 1.97e-5 · 10.8% energyperiod 2.2 · power 1.97e-5 · 10.8% energyperiod 2.0 · power 4.07e-5 · 22.2% energyperiod 2.0 · power 4.07e-5 · 22.2% energy50% by T=6.0h#1 dominantT=12.00h#2T=2.00h#3T=2.18hT=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 ≈ 12.00h (freq 0.083) · concentrates 33.6% of total energy · Σ|X̂|²/n = 1.830e-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 0.01%
μ per barmean
-0.000%
σ per barvol
0.01%
Empirical f★argmax g(f)
0.00×
from observed distribution
Parametric f★μ/σ²
-77.02×
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 -26.14400 paths × 720 bars · leverage 0.10× · bootstrap from 4999 observed returns
Sharpe / barμ/σ
-0.011
annualized -26.14
μ per barafter L
-0.000%
σ per barafter L
0.00%
VaR 95%5%
0.00%
per-bar worst-case
CVaR 95%ES
0.00%
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 -847% · APY -100% · Sharpe -25.54σ ann 33% · Sortino -16.45 · n 4999
-3065%-2444%-1823%-1202%-581%40%-847.2%APR (simple)-100.0%APY (compound)33.2%Ann. vol σ-2554.5%Sharpe (ann)-1645.3%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%
0.5300.5410.5520.5640.5750.586t-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 14:48:31 UTC
Snapshot age
2.2s
History points
25 hourly closes
Page rendered
2026-06-14 14:48:33 UTC
Storage policy
no persistence — fetched on every request
SHA-256 attestation
63a1efe3ee14b8b0f66fd5a620e65f7ed56064f251b88f29dedee5ae7ac4922a · 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
$0
bid $0 · ask $0
Depth within 5bp
$7.54K
bid $4.83K · ask $2.71K
Depth within 10bp
$24.76K
bid $13.64K · ask $11.11K
Depth within 50bp
$90.45K
bid $44.99K · ask $45.46K
Mid price
0.551435
(best bid + best ask) / 2
Spread
3.1bp
(bestAsk − bestBid) / mid
Imbalance (whole book)
-0.004
ask-heavy
Imbalance (top-5)
-0.306
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-mnt/slippage?size=10000&side=buy

SideNotionalAvg fillSlippageWorst fillLevelsStatus
BUY$1.00K0.5515852.71bp0.5516802FILLED
BUY$10.00K0.5517766.18bp0.5519009FILLED
BUY$100.00K0.55222814.39bp0.55272020PARTIAL
SELL$1.00K0.5513341.83bp0.5512704FILLED
SELL$10.00K0.5511255.63bp0.5509409FILLED
SELL$100.00K0.55058215.46bp0.55001020PARTIAL

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-mnt/carry · same metrics, JSON

Volume profile

▸ real volume · Hyperliquid candlesstep $ 1 · 25 records
Price binBarsVolumeDistribution
$0.000000–$1.0000★25$515.97K

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

Order flow

▸ BID-LEAN · +0.176 · Hyperliquid candles
Bars (buy / sell)
15 / 9
1 unclassified
Buy weight
$300.94K
real volume
Sell weight
$210.71K
real volume
Net delta
$90.23K
buyers net
Imbalance
17.64%
(buy − sell) / (buy + sell)
Toxicity (VPIN)
17.6%
two-sided / balanced
Impact (|Δp|/vol)
—
needs real volume

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

Cascade clusters

▸ DOWN · 2 found · deepest 1.95% · 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 12:00:00Z2.0h0.562470→0.5515101.949%3
#22026-06-14 10:00:00Z0ms0.562470→0.5592500.572%1

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

Risk metrics

▸ sovereign store · 5,000 barsperiods/year ≈ 5.26M
Realized vol (annualised)
33.17%
σ per bar = 0.000145
Mean return (annualised)
-847.22%
μ per bar = -0.000002
Sharpe (rf=0)
-25.54
annualised; risk-free assumed zero
Max drawdown
2.15%
peak 0.56 → trough 0.55 over 3001 bars

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