BTC ETH Equal Weight

Thesis

An equal mix of Bitcoin and Ethereum long positions aims to benefit from rising crypto prices while keeping either asset from dominating.

Strategy

• Equal weights: Every hour, buy or reduce BTC and ETH long positions toward 50% each, without waiting for a minimum weight difference. • Sizing: Target half the current allocation value in each coin, using Hyperliquid's $10 minimum for small adjustments. • Exit: Keep both exposures until stopped; stopping closes the BTC and ETH positions.

Exposure

• Holds: BTC and ETH longs — Perpetual contracts backed by USDC, targeting equal dollar exposure to Bitcoin and Ethereum. • Venue: Hyperliquid — Trades BTC and ETH contracts with USDC collateral held on HyperCore. • Leverage: 1x target — Combined BTC and ETH exposure targets the current allocation value. • Costs: Trading and funding — Hyperliquid trading fees and ongoing funding payments or receipts. • Data: Circuit — BTC and ETH prices plus the session's BTC, ETH and USDC holdings. • On unwind: USDC — BTC and ETH contracts close, leaving USDC on Hyperliquid.