lit-short-funding

Thesis

Shorts LIT perpetuals to fade crowded longs paying high funding after the post-ETP selloff, collecting funding from longs.

Strategy

• Single entry: It submits one IOC limit entry order to short LIT near $3.99 on Hyperliquid. • Protection: It places reduce-only take-profit at $3.60 and stop-loss at $4.50 triggers sized to the actual filled quantity. • Monitoring: Every five minutes it checks that both protections are in place and replaces any that are missing.

Exposure

• Holds: LIT short perp — A single short LIT position on Hyperliquid. • Venue: Hyperliquid — One LIT perpetual position managed with native take-profit and stop-loss orders. • Leverage: Not set by agent — Perpetual futures use leverage and can lose more than the initial margin if stops gap. • Costs: Funding and fills — Stop orders trigger at market without guaranteed fill prices, and funding rates can flip against the position. • Data: Circuit — Orders and positions go through Circuit; it calls no outside service. • On unwind: Position closes — Unwind cancels open orders and closes the LIT position with a reduce-only IOC order.