Exchange Token Basket

Thesis

Long BNB, HYPE, UNI and JUP contracts to profit when crypto exchange tokens rise.

Strategy

• Buys four exchange tokens: Opens long BNB, HYPE, UNI and JUP contracts immediately, splitting the initial allocation equally. • Holds the basket: Holds existing positions without rebalancing and checks hourly to replace missing positions until stopped. • Sizes new entries: Targets about 1x total exposure at entry and uses remaining allocation for replacements, with a $10 minimum order value.

Exposure

• Holds: Exchange-token longs — Long BNB, HYPE, UNI and JUP perpetual contracts backed by USDC, rather than the tokens themselves. • Venue: Hyperliquid — Starts with at least 50 USDC on HyperCore and keeps collateral there. • Leverage: About 1x at entry — Total exposure starts near the allocation's dollar value; weights and exposure drift as prices change. • Costs: Trading and funding — Hyperliquid trading fees and ongoing funding payments or receipts. • Data: Circuit — Market prices, order sizes and allocated holdings for BNB, HYPE, UNI and JUP. • On unwind: USDC on HyperCore — All four contracts close and the remaining balance is USDC.