ETH Funding Long

Thesis

Collect negative funding while holding ETH long, then exit when funding becomes positive.

Strategy

• Entry: Checks ETH's next hourly funding estimate every minute and opens one long when funding is below zero. • Exit: Closes the ETH long when funding is above zero and leaves the position unchanged at zero. • Size: Uses its allocated USDC for one ETH long at roughly 1x exposure, raising small entries to Hyperliquid's $10 minimum.

Exposure

• Holds: ETH long and USDC — Holds an ETH long with USDC collateral, or just USDC while funding is positive. • Venue: EVM Imported only — Select EVM Imported and allocate USDC on Hyperliquid; Gas Seed ETH and Gas Seed SOL are blocked, with no wallet transfers. • Leverage: Roughly 1x — Sizes entry from allocated USDC without a leverage multiplier. • Costs: Fees and funding — Pays Hyperliquid trading fees and pays or receives hourly funding. • Data: Circuit — Reads ETH funding, trading prices and order sizes. • On unwind: USDC on Hyperliquid — Closes the ETH position and leaves the remaining balance in USDC.