Edge & Hedge

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Hyperliquid Trading Vault · 267 days old · 100 followers

Risk Score

51/100

Strategy

Neutral

APR

-3.0%

TVL

$535,533.712

Leader Equity

79.4%

Return

-3.5%

Max Drawdown

-24.0%

Sharpe Ratio

0.24

30d vol: 94.2%

Account Exposure

3.2x

notional / equity

Max Position Leverage

20x

Why This Grade?

This vault uses 3.2x effective leverage (30.9% wipeout threshold). A single position uses 20x leverage, which could cascade into a liquidation.

Position Risk(avg across 42 tokens)34 pts
Leverage Penalty(3.2x acct)+7 pts
Max Position Leverage(20x)+10 pts
Total Score51/100 C-
How we score vaults →

Performance (TWR)

-3.5%

Strategy

Running quantitative delta neutral long, short strategy with a leverage of around 3x. Backtest Results (Oct 2022 - Now): CAGR ~ 110% | Sharpe ~ 2 | Max Drawdown ~ 25%. Follow on Twitter for regular updates - https://x.com/blothecap

Correlated Vaults

Most Correlated

Hyperliquidity Trader (HLT)0.39
Orbit Value Strategies0.34
FC Genesis - Quantum0.29

Least Correlated

reverse mid curver-0.49
Black Ops-0.39
+convexity-0.36

Low/negative correlation = good for diversification

Position Breakdown

SideTokenWeightGrade
LONGARB6.8%B
LONGUNI6.2%B
SHORTVVV5.3%—
LONGPENDLE3.7%B-
SHORTBNB3.7%C+
+ 49 more positions
SHORTWLD3.6%C+
LONGCRV3.5%B-
SHORTONDO3.4%C+
LONGPYTH3.2%B
LONGXMR2.9%C+
SHORTDOGE2.8%B
SHORTADA2.7%B
SHORTPUMP2.6%C+
LONGBTC2.5%B
SHORTXPL2.5%—
LONGCC2.5%—
LONGSPX2.4%—
LONGSEI2.2%B-
SHORTFARTCOIN2.2%—
LONGFIL2.0%B
SHORTTAO2.0%C-
SHORTAPT1.9%B-
LONGSOL1.8%C+
SHORTENA1.7%C
SHORTWLFI1.7%—
SHORTHYPE1.5%D+
LONGJUP1.5%C+
SHORTHBAR1.4%B-
SHORTLTC1.4%B-
LONGMORPHO1.4%B-
LONGPOL1.3%B-
LONGAVAX1.3%B-
SHORTNEAR1.3%B-
SHORTVIRTUAL1.3%C-
LONGLDO1.1%B
LONGTIA1.0%B-
LONGAAVE1.0%C
SHORTETH1.0%A-
SHORTWIF0.8%—
LONGZRO0.8%C-
SHORTBCH0.8%B
SHORTXRP0.7%B
SHORTLINK0.7%B
LONGTRUMP0.6%—
SHORTSUI0.6%C
SHORTXLM0.6%B+
SHORTkPEPE0.5%—
LONGDOT0.5%B+
LONGZEC0.4%B-
SHORTOP0.4%C+
SHORTkSHIB0.2%—
LONGICP0.2%B-
LONGPENGU0.1%—
LONGkBONK0.0%—

Unrated tokens: kPEPE, kSHIB, kBONK, WIF, PENGU, FARTCOIN, SPX, TRUMP, VVV, XPL, WLFI, CC. These positions don't contribute to the risk score.

Vault risk = position-weighted average of token risk scores. Short positions use inverted scores (shorting risky tokens reduces risk).

Platform Risk: Hyperliquid

All vaults on Hyperliquid share the platform's counterparty, bridge, and L1 risk.

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