S&P and Tech Split

Thesis

Buy S&P 500 and tech-heavy XYZ100 price exposure in equal starting weights to benefit when US stocks rise.

Strategy

• Entry: Buy SP500 and XYZ100 immediately, then check hourly and reopen any missing long position. • Sizing: Target half of allocated USDC per entry, about 1x combined starting exposure, with orders raised to Hyperliquid's minimum when needed. • Holding: Hold both positions until stopped, without scheduled rebalancing, profit targets or stop-losses.

Exposure

• Holds: Index perpetuals — SP500 and XYZ100 price exposure, not shares, backed by USDC. • Venue: Hyperliquid — Trades on its trade.xyz markets; allocated USDC stays on HyperCore. • Leverage: About 1x on entry — Each of the two positions targets half of allocated USDC when opened. • Costs: Fees and funding — Hyperliquid trading fees plus ongoing funding payments or receipts. • Data: Circuit — Uses SP500 and XYZ100 prices to size orders. • On unwind: USDC — Both contracts close and remaining funds are USDC on Hyperliquid.