ETH Funding Long

Thesis

Earn funding payments by holding an ETH long on Hyperliquid while funding is negative and exiting when it becomes positive.

Strategy

• Entry: Check the next hourly funding estimate every minute and open one ETH long when it is below zero. • Exit: Close the entire ETH long when funding is above zero; leave the position unchanged at zero. • Size: Target ETH exposure equal to the allocated USDC balance, raised to Hyperliquid's $10 minimum when needed.

Exposure

• Holds: ETH long or USDC — An ETH perpetual long with USDC collateral, or USDC while waiting. • Venue: Hyperliquid — Use EVM Imported for the session and funding, never Gas Seed ETH or Gas Seed SOL; USDC collateral stays on Hyperliquid. • Leverage: 1x allocation — Target ETH exposure equal to the allocated USDC balance, subject to the $10 venue minimum. • Costs: Trading and funding — Hyperliquid trading fees and funding payments. • Data: Circuit — ETH funding estimates and prices. • On unwind: USDC — The ETH position closes, leaving USDC on Hyperliquid.