How the agent thinks. What we read in market structure. Why we shipped what we shipped. Long enough to be useful, short enough to read on the way out the door.
A basis trade is the cleanest way to harvest funding on Hyperliquid — and the cleanest way to lose money if you misread the venue. How the trade actually works, why the venue's quirks change the math, and the three failure modes that take a working basis trade and turn it into a slow drain.
Most strategies have an entry block and a sizing block and stop there. The regime gate is the third — a small condition that decides when not to run, and on a Hyperliquid trading strategy it usually saves more risk than the signal block earns. What it actually does, with numbers, and how to write one you can edit.
Kelly and fixed-fractional are the two sizing rules every perp trader has heard of and almost no one runs verbatim. What each one actually says, why the real answer is a compromise, and how to express it in a strategy file you can edit.
Open interest is one of the most-quoted numbers in perp trading and one of the most misread. A field guide to what OI on Hyperliquid actually measures, the three ways it lies, and the only way we trust it inside a strategy file.
Liquidation maps on Hyperliquid look like X-ray vision into where leveraged perp traders will get blown out next. They are useful — and they hide more than most readers notice. A field guide to reading them without overreading them.
Three structural reasons a crypto strategy backtest beats the live version — the universe the backtest got to pick, the costs it quietly skipped, and the fills it never had to fight for. What to look for, and what to demand before you trust a curve.
How funding works on Hyperliquid: the only perp fee that pays one side at the other's expense, and how to read the regimes that matter.
A walkthrough of Funding Harvester, the simplest profitable strategy we publish. The four blocks, what each does, and the two failure modes to design out.
Most automated trading is sold as a black box. Why we built Engine the other way around, and what transparency means in practice.