ETH Funding Long

Thesis

Buys ETH while funding pays long holders, aiming to earn those payments and benefit from ETH gains.

Strategy

• Entry: Check ETH funding every minute and open one long when the current rate is below 0%. • Exit: Close the whole ETH long when funding is above 0%; at exactly 0%, keep the current position. • Size: Use the allocated USDC for roughly 1x ETH exposure, raising smaller orders to Hyperliquid's $10 minimum.

Exposure

• Holds: USDC and ETH longs — USDC collateral and one ETH long perpetual position. • Venue: Hyperliquid — USDC stays on Hyperliquid; use EVM Imported only, never Gas Seed ETH or Gas Seed SOL. • Leverage: Roughly 1x — ETH exposure follows the allocated USDC without an added leverage multiplier. • Costs: Fees and funding — Hyperliquid trading fees and funding payments. • Data: Circuit — Current ETH funding rates and ETH prices on Hyperliquid. • On unwind: USDC on Hyperliquid — The ETH position closes, leaving USDC on Hyperliquid.