Calm Crypto Basket

Thesis

Capture Bitcoin, Ethereum and Solana gains while shrinking exposure when their combined price swings grow.

Strategy

• Equal-dollar basket: Buy BTC, ETH and SOL on the first run and resize daily, splitting the basket equally by dollar value. • Volatility sizing: Use 30 daily basket returns to target 15% annualized volatility, capped at 1x target exposure, with at least $10 per position. • Daily resizing: Buy or sell toward each target; when a change is below the $10 order minimum, close and rebuild that position instead.

Exposure

• Holds: BTC, ETH and SOL — Long perpetual positions backed by USDC, with equal dollar targets for the three coins. • Venue: Hyperliquid — Start with at least 100 USDC, held on Hyperliquid as collateral. • Leverage: Up to 1x target — Total target exposure stays at or below session equity before applying the venue's $10 minimum positions. • Costs: Trading and funding — Hyperliquid trading fees and ongoing funding payments or receipts; rebuilding small positions incurs two trades. • Data: Circuit — Daily BTC, ETH and SOL prices measure basket volatility; current prices and market order sizes determine trades. • On unwind: USDC — All three perpetual positions close, leaving USDC on Hyperliquid.