Edge & Hedge

C-

Hyperliquid Trading Vault · 312 days old · 100 followers

Risk Score

51/100

Strategy

Neutral

APR

84.7%

TVL

$696,580.055

Leader Equity

67.3%

Return

+9.2%

Max Drawdown

-23.8%

Sharpe Ratio

1.13

30d vol: 93.7%

Account Exposure

2.6x

notional / equity

Max Position Leverage

20x

Why This Grade?

A single position uses 20x leverage, which could cascade into a liquidation.

Position Risk(avg across 42 tokens)36 pts

Leverage Penalty(2.6x acct)+5 pts

Max Position Leverage(20x)+10 pts

Total Score51/100 C-

How we score vaults →

Performance (TWR)

+9.2%

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

Overdose0.47

PF10.28

Equinox Blackalgo0.27

Least Correlated

reverse mid curver-0.48

Martyrbit-0.38

+convexity-0.30

Low/negative correlation = good for diversification

Position Breakdown

A gradeB gradeC gradeD gradeF gradeUnratedSolid border = LongDashed border = Short

Side

Token

Weight

Grade

LONG

BTC

11.6%

LONG

WLFI

11.4%

—

SHORT

AAVE

4.9%

SHORT

SOL

4.2%

C+

LONG

XMR

3.2%

C+

+ 49 more positions

LONG	TRUMP	3.1%	$57k	—
LONG	SPX	3.1%	$57k	—
SHORT	HYPE	3.1%	$57k	C-
LONG	POL	2.7%	$50k	B-
LONG	PENDLE	2.6%	$48k	B-
SHORT	ONDO	2.6%	$47k	C+
LONG	BCH	2.6%	$47k	B
SHORT	JUP	2.4%	$44k	C+
LONG	kBONK	2.4%	$44k	—
SHORT	DOT	2.2%	$41k	B
LONG	MORPHO	2.2%	$40k	B-
SHORT	ADA	2.0%	$37k	B-
LONG	TIA	1.8%	$34k	B
SHORT	LINK	1.8%	$32k	B
SHORT	ENA	1.7%	$32k	C
SHORT	ZRO	1.7%	$32k	C
LONG	LDO	1.7%	$31k	B
SHORT	SUI	1.6%	$30k	C
SHORT	FIL	1.6%	$29k	B
SHORT	XRP	1.6%	$29k	B-
SHORT	UNI	1.5%	$28k	B
LONG	CC	1.5%	$27k	—
SHORT	AVAX	1.5%	$27k	B-
LONG	WIF	1.4%	$26k	—
SHORT	WLD	1.4%	$25k	C+
SHORT	BNB	1.3%	$24k	C+
LONG	HBAR	1.3%	$24k	C+
SHORT	ICP	1.2%	$23k	B-
SHORT	PYTH	1.1%	$21k	B
SHORT	LTC	1.1%	$20k	B-
SHORT	PUMP	1.1%	$20k	C+
SHORT	NEAR	0.9%	$16k	B-
LONG	XPL	0.8%	$15k	—
LONG	DOGE	0.8%	$14k	B+
SHORT	CRV	0.7%	$12k	B-
SHORT	OP	0.4%	$7k	C+
LONG	PENGU	0.4%	$7k	—
LONG	kPEPE	0.3%	$6k	—
SHORT	FARTCOIN	0.3%	$5k	—
LONG	kSHIB	0.3%	$5k	—
SHORT	ARB	0.3%	$5k	B
SHORT	ETH	0.2%	$4k	A-
SHORT	TAO	0.1%	$3k	D+
SHORT	ZEC	0.1%	$2k	B-
LONG	APT	0.1%	$2k	B-
LONG	XLM	0.1%	$2k	B+
SHORT	VIRTUAL	0.1%	$2k	C-
SHORT	VVV	0.0%	$1k	—
SHORT	SEI	0.0%	$1k	B-

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.

C-

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