ETH Funding Long

Thesis

Goes long ETH perpetuals during negative funding and closes when funding becomes positive.

Strategy

• Negative funding entry: Checks predicted next hourly funding every minute, entering once per observed negative episode, including a negative rate at startup. • Cost test: Entry requires projected funding receipts over an assumed 24 hours to exceed estimated fees and price tolerance on both sides. • Positive funding exit: Positive funding exits override that test; zero funding leaves positions unchanged.

Exposure

• Holds: ETH perp long, USDC — An unhedged ETH perpetual long, with the rest of the allocation in USDC. • Venue: Hyperliquid — Fund and activate the session in Terminal. • Leverage: No added multiplier — Entry notional defaults to 5% of current allocation, capped by market volume, with no added leverage multiplier. • Costs: Fees and slippage — Fees are estimates, fills may be partial, and ETH price losses can outweigh funding receipts. • Data: Circuit — The agent's code calls no outside service. • On unwind: Positions close — Stopping attempts to close all session positions.