Daily AVAX Cycle

Thesis

Seeks gains from AVAX rising between a daily purchase and the next day's sale.

Strategy

• Daily decision: Runs every 24 hours, buying AVAX perpetuals when the session has no AVAX position and closing its position otherwise. • Orders: Buys with an immediate-or-cancel limit 2% above the mid price and closes reduce-only 2% below it; any unfilled amount is canceled. • Size: Opens about $11 using only allocated USDC, subject to Hyperliquid's $10 opening minimum, and closes the session's full AVAX quantity.

Exposure

• Holds: USDC and AVAX — Hyperliquid USDC, token 0, and one AVAX perpetual position while invested. • Venue: Hyperliquid — Use EVM Imported only, never Gas Seed ETH or Gas Seed SOL; allocated funds stay on Hyperliquid. • Leverage: No size multiplier — About $11 of AVAX exposure per entry. • Costs: Fees and funding — Hyperliquid trading fees and funding payments while holding AVAX. • Data: Circuit — AVAX prices and session holdings. • On unwind: Hyperliquid USDC — The AVAX position closes, leaving USDC on Hyperliquid.