Crypto Strength Pairs

Thesis

Coins with strong 90-day risk-adjusted trends keep beating weak ones; monthly rankings choose the longs and shorts without hand-picking winners.

Strategy

• Monthly ranking: First run and each month's 1st at 06:00 Pacific, rank the 20 highest-open-interest allowed perps with 90 daily bars; buy the top 2 and short the bottom 2. • Weights: Rebalance every 72 hours: 25% per long and 25% per short, scaling shorts 0.7–1.3 by 60-day BTC beta; choose 2–4 names per side. • Book brakes: Check open P&L hourly against current allocated equity: halve every leg at a 10% loss and close at 18%, keeping the brake until the next monthly pick.

Exposure

• Holds: Crypto longs and shorts — Holds only the supplied 50-symbol Hyperliquid universe, with unused allocation in USDC. • Venue: Hyperliquid — USDC collateral and positions sit on Hyperliquid; the agent never changes exchange leverage. • Leverage: 50% long, 35–65% short — Splits each side equally before short beta adjustments, with no added overall exposure ceiling. • Costs: Trading fees, funding — Pays Hyperliquid execution fees and receives or pays funding on open perpetual positions. • Data: Circuit — Uses daily prices, current prices, market listings, funding and open interest; at most 100 daily bars per coin. • On unwind: USDC — Closing the positions returns USDC; stopping leaves positions and resting orders for Terminal to close.