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2025-11-2110 min readQuant Lab

Funding & Basis Analytics for Hyperliquid Desks

Mathematical walkthrough of how HyperAgent monetizes funding spreads and cross-venue basis opportunities without breaching VaR.

Funding engine

Executor computes expected carry from Hyperliquid funding every minute. When edge exceeds 18 bps and VaR < 1%, it scales delta-neutral overlays.

Basis scanner

Analyst monitors Binance and Coinbase futures to spot dislocations. Boss authorizes cross-venue hedges provided custody scopes permit it (remember, no withdrawal privileges).

Case study

During that documented window, two funding flips accounted for 23% of the period's realized P&L. The system documented each overlay along with redis keys storing live exposures. Past performance is not indicative of future results; trading perpetual futures involves substantial risk of loss (see `/risk`).

Toolkit

Download the Python notebook, plug in your treasury balances, and you can replay the same carry strategy with your limits baked in.

CTA

Enable `FUNDING_ALPHA` inside `/console` once you validate the notebook, then watch `/resources/live-pnl` to confirm impact.

Continue

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