HYPERLIQUID · PERPETUAL FUTURES

GALA

GALA-USD perpetual · 24/7 trading on Hyperliquid

▸ Advanced metrics · M2M bundle

hyperliquid · perp-gala · fresh · feed 3s old
24h sparkline · 60 pts▼ -4.21%
realized vol (ann.)
64.15%
max drawdown
2.33%
sharpe
-57.05
ulcer index
0.98%
RMS drawdown
pain index
0.80%
mean drawdown
mod. VaR 95%
0.04%
Cornish-Fisher
martin ratio
-3735.68
ret / ulcer
CDaR 95%
2.20%
cond. drawdown
gain/pain
0.90
Σgain / Σ|loss|
sterling
-1665.22
ret / CDaR
omega (θ=0)
0.90
upside/downside
roll spread
0.3 bps
implied (price-only)
bars used
2000
store
spread
—
24h Δ
-4.21%
flow lean
—
carry
longs_pay
10.95%
signalSHORTconfidence 39%suggested side: SELL
  • 24h change -4.21%
  • funding: longs pay — perp shorts get paid to wait
Same bundle via M2M API: /api/m2m/hl-GALA/bundle · venue execution: hyperliquid →
LIVEPOLL0SRCFRESH2.6s⏱--:--:-- UTC8NEXT8.0sUP0s--:--HIST0/30
▶ STREAMING·HYPERLIQUID·POLYMARKET·0 POLLS·SRC FRESH·UPTIME 0s·NEXT POLL 8.0s·CC0 OPEN DATA·HYPO.MARKETS·▶ STREAMING·HYPERLIQUID·POLYMARKET·0 POLLS·SRC FRESH·UPTIME 0s·NEXT POLL 8.0s·CC0 OPEN DATA·HYPO.MARKETS·
MARK · live
$0.003
24h Δ · live
-4.21%
24h vol · live
$0.1M
GALA · live 24h price
n=25 · μ=0.0026 · σ=0.0000 · range [0.0026, 0.0027] · R²=0.940▼ FALLING -4.39%σ NORMAL 1.27%LAST 0.00260.00270.00270.00260.00260.0026μ = 0.0026max 0.0027min 0.0026dataMA(5)OLS R²=0.94μ lineμ ± σ bandmaxminlive endpoint
25 closes · last $0.00
Funding direction · live
Long fee 48.1%Short fee 51.9%SHORT FEE51.9%
Σ = 0.0%
Σ-sides total = 0.00% (100.00pp arb gap)
H(p) entropy = 0.999 / 1.00 bits (100%) · max uncertainty (~50/50)
Long fee
48.1%▬ +0.00pp
Short fee
51.9%▬ +0.00pp
1h funding 0.001250% · longs pay
Hourly contract volume · live
n=25 · Σ=22,877,896 · μ=915115.8 · σ=469447.0 · CV=0.51STEADY FLOWcumulative energy ↗ · 50% by h=130518,7981,037,5961,556,3942,075,192μ = 9151162,075,19250%h1h5h9h13h17h21h25#1 peak#2-3> μactivequietμ linecum energy
peak 2075192 contracts
Live numerics · pulse on poll
LIVE NUMERICS9 metrics·POLL 0
⏱snapshot age
2.6s
$mark $
$0.0026
$mid $
$0.0026
◉prev-day close
$0.0027
Δ24h Δ %
-4.215%
$24h vol $
$59.52k
◐open interest $
$298.79k
%funding (1h)
0.001250%
%funding (yr)
+10.95%/yr

§1 · 24h time-series

Close price · hourly
n=25 · μ=0.0026 · σ=0.0000 · range [0.0026, 0.0027] · R²=0.940▼ FALLING -4.39%σ NORMAL 1.27%LAST 0.00260.00270.00270.00260.00260.0026μ = 0.0026max 0.0027min 0.0026dataMA(5)OLS R²=0.94μ lineμ ± σ bandmaxmin
mark $0.0026 · 24h -4.21% · range $[0.0026, 0.0027]
OHLC candles · hourly
n=25 · up 6 · down 19 (24% up) · range [0.0026, 0.0027] · σ=0.0000 · CV=0.01 · bodyµ=33%STRONG BEARISH -4.35%CLOSE 0.0026 vs OPEN 0.0027 (-4.35%)&#9660; CLOSE 0.00260.00270.00270.00260.00260.0026μ close = 0.0026O0.003 H0.003 L0.003 C0.003 (+0.04%)O0.003 H0.003 L0.003 C0.003 (+0.04%)O0.003 H0.003 L0.003 C0.003 (+0.07%)O0.003 H0.003 L0.003 C0.003 (+0.07%)O0.003 H0.003 L0.003 C0.003 (-0.15%)O0.003 H0.003 L0.003 C0.003 (-0.15%)O0.003 H0.003 L0.003 C0.003 (-0.22%)O0.003 H0.003 L0.003 C0.003 (-0.22%)O0.003 H0.003 L0.003 C0.003 (-0.71%)O0.003 H0.003 L0.003 C0.003 (-0.71%)O0.003 H0.003 L0.003 C0.003 (-0.04%)O0.003 H0.003 L0.003 C0.003 (-0.04%)O0.003 H0.003 L0.003 C0.003 (+0.00%)O0.003 H0.003 L0.003 C0.003 (+0.00%)O0.003 H0.003 L0.003 C0.003 (+0.49%)O0.003 H0.003 L0.003 C0.003 (+0.49%)O0.003 H0.003 L0.003 C0.003 (-0.45%)O0.003 H0.003 L0.003 C0.003 (-0.45%)O0.003 H0.003 L0.003 C0.003 (-0.26%)O0.003 H0.003 L0.003 C0.003 (-0.26%)O0.003 H0.003 L0.003 C0.003 (-0.26%)O0.003 H0.003 L0.003 C0.003 (-0.26%)O0.003 H0.003 L0.003 C0.003 (-0.08%)O0.003 H0.003 L0.003 C0.003 (-0.08%)O0.003 H0.003 L0.003 C0.003 (-0.38%)O0.003 H0.003 L0.003 C0.003 (-0.38%)O0.003 H0.003 L0.003 C0.003 (-0.23%)O0.003 H0.003 L0.003 C0.003 (-0.23%)O0.003 H0.003 L0.003 C0.003 (-0.49%)O0.003 H0.003 L0.003 C0.003 (-0.49%)O0.003 H0.003 L0.003 C0.003 (-0.27%)O0.003 H0.003 L0.003 C0.003 (-0.27%)O0.003 H0.003 L0.003 C0.003 (-0.38%)O0.003 H0.003 L0.003 C0.003 (-0.38%)O0.003 H0.003 L0.003 C0.003 (-0.34%)O0.003 H0.003 L0.003 C0.003 (-0.34%)O0.003 H0.003 L0.003 C0.003 (+0.38%)O0.003 H0.003 L0.003 C0.003 (+0.38%)O0.003 H0.003 L0.003 C0.003 (-0.04%)O0.003 H0.003 L0.003 C0.003 (-0.04%)O0.003 H0.003 L0.003 C0.003 (-0.15%)O0.003 H0.003 L0.003 C0.003 (-0.15%)O0.003 H0.003 L0.003 C0.003 (+0.04%)O0.003 H0.003 L0.003 C0.003 (+0.04%)O0.003 H0.003 L0.003 C0.003 (-0.46%)O0.003 H0.003 L0.003 C0.003 (-0.46%)O0.003 H0.003 L0.003 C0.003 (-0.15%)O0.003 H0.003 L0.003 C0.003 (-0.15%)-0.8%O0.003 H0.003 L0.003 C0.003 (-0.77%)O0.003 H0.003 L0.003 C0.003 (-0.77%)#1#5#9#13#17#21#25up bar (C≥O)down bar (C<O)MA(5) closeμ closedoji (~no body)biggest body
25 bars
Hourly volume (base units)
n=25 · Σ=22,877,896 · μ=915115.8 · σ=469447.0 · CV=0.51STEADY FLOWcumulative energy &nearr; · 50% by h=130518,7981,037,5961,556,3942,075,192μ = 915116495,948 · 23.9% peak495,948 · 23.9% peak439,128 · 21.2% peak439,128 · 21.2% peak2,075,1922,075,192 · 100.0% peak2,075,192 · 100.0% peak1,684,561 · 81.2% peak1,684,561 · 81.2% peak954,332 · 46.0% peak954,332 · 46.0% peak539,321 · 26.0% peak539,321 · 26.0% peak498,330 · 24.0% peak498,330 · 24.0% peak598,533 · 28.8% peak598,533 · 28.8% peak468,926 · 22.6% peak468,926 · 22.6% peak879,525 · 42.4% peak879,525 · 42.4% peak1,480,547 · 71.3% peak1,480,547 · 71.3% peak1,180,550 · 56.9% peak1,180,550 · 56.9% peak491,715 · 23.7% peak491,715 · 23.7% peak1,199,159 · 57.8% peak1,199,159 · 57.8% peak720,141 · 34.7% peak720,141 · 34.7% peak1,212,589 · 58.4% peak1,212,589 · 58.4% peak1,042,597 · 50.2% peak1,042,597 · 50.2% peak516,374 · 24.9% peak516,374 · 24.9% peak1,784,527 · 86.0% peak1,784,527 · 86.0% peak1,315,140 · 63.4% peak1,315,140 · 63.4% peak611,081 · 29.4% peak611,081 · 29.4% peak856,800 · 41.3% peak856,800 · 41.3% peak452,730 · 21.8% peak452,730 · 21.8% peak853,335 · 41.1% peak853,335 · 41.1% peak526,815 · 25.4% peak526,815 · 25.4% peak50%#1#5#9#13#17#21#25#1 peak#2-3> μactivequietμ linecum energy
Σ vol 22877896 · peak 2075192 · CV 0.51

§2 · Returns distribution (log-returns)

Histogram of rₜ = ln(pₜ/pₜ₋₁)
n=24 · 12 bins · μ=-0.0020 · σ=0.0027 · skew=0.27 (symmetric) · kurt=0.41 (mesokurtic)65320 1-79.63bpbin -79.63bp · n=1 · 16.7% peakbin -79.63bp · n=1 · 16.7% peak-68.47bp 2-57.32bpbin -57.32bp · n=2 · 33.3% peakbin -57.32bp · n=2 · 33.3% peak-46.16bp 6-35.01bpbin -35.01bp · n=6 · 100.0% peakbin -35.01bp · n=6 · 100.0% peak 4-23.85bpbin -23.85bp · n=4 · 66.7% peakbin -23.85bp · n=4 · 66.7% peak 5-12.69bpbin -12.69bp · n=5 · 83.3% peakbin -12.69bp · n=5 · 83.3% peak 3-1.54bpbin -1.54bp · n=3 · 50.0% peakbin -1.54bp · n=3 · 50.0% peak9.62bp 120.77bpbin 20.77bp · n=1 · 16.7% peakbin 20.77bp · n=1 · 16.7% peak 131.93bpbin 31.93bp · n=1 · 16.7% peakbin 31.93bp · n=1 · 16.7% peak 143.08bpbin 43.08bp · n=1 · 16.7% peakbin 43.08bp · n=1 · 16.7% peakμΔ < 0 · loss barsΔ ≈ 0 · flatΔ > 0 · gain barsN(μ,σ²) referenceμ line · ±σ band shaded
n=24 · positive 6 · negative 18
Q-Q plot · standardised rₜ vs N(0,1)
n=24 · skew=0.16 · kurt=0.64 · near 19 / mid 5 / far 0 · OLS slope=1.00 intercept=-0.00MATCHES NORMAL · WELL-BEHAVEDUPPER TAIL NORMALLOWER TAIL NORMAL-3σ-3σ-2σ-2σ-1σ-1σ+0σ+0σ+1σ+1σ+2σ+2σ+3σ+3σsample ↓marginal: sample bars + theoretical N(0,1) curve →theoretical Φ⁻¹(p) →↑ sample z-quantile|Δ| < 0.3σ · on the line|Δ| < 1σ · moderate|Δ| ≥ 1σ · outliery = x refOLS fit

§3 · Spot quote

Mark price
$0.0026
Mid price
$0.0026
24h change
-4.21%
Mark–mid spread
0.00 bps
Prev-day close
$0.0027

§4 · Sample moments (prices)

Descriptive statistics · 5-number summary · shape diagnostics
SAMPLE MOMENTS · N=25PLATYKURTIC · THIN TAILS (G₂=-1.20)
μ MEAN0.0026$95% CI: [0.0026$, 0.0027$]
σ STD DEV0.0000$σ² = 0.000×10⁻⁴ · CV = 1.27%
med MEDIAN0.0027$Q₁ 0.0026$ · Q₃ 0.0027$
FIVE-NUMBER SUMMARY · BOX PLOTrange 0.0001$ · IQR 0.0001$ (1.349σ→0.0000$)
min 0.0026$Q₁ 0.0026$med 0.0027$Q₃ 0.0027$max 0.0027$μ
SKEWNESS · G₁-0.292approximately symmetric
−3−10+1+3
EXCESS KURTOSIS · G₂-1.195platykurtic · thin tails
−30+2+4+6
μ ↔ medianμ < med · left-tailed|μ−med| / σ = 0.28
σ × 1.349 ↔ IQRconsistent with normalratio = 0.84
range ↔ σconcentrated (range < 4σ)range / σ = 3.55
μ = mean · σ = standard deviation · CV = coefficient of variation. Skew (G₁): >0 right-skewed. Kurt (G₂, excess): >0 leptokurtic. 95% CI = μ ± 1.96·SE.

§5 · Returns analytics (log-returns)

Risk-adjusted performance · log-returns
RETURNS · RISK-ADJUSTEDUNPROFITABLE · SR=-61.50
μᵣ MEAN / h-0.186977%drift is negative per h · |μ|/σ = 0.657
σᵣ STD / h0.284535%σ²ᵣ = 0.081×10⁻⁴ · CV = 1.52×
σ ANNUALISED26.63%/yrscaled by √8760 (hourly→yearly) · 0.285%/h base
RISK-ADJUSTED PERFORMANCEhigher = better edge per unit risk
SHARPE (annualised)-61.50negative edge
-2-10+1+2+3+4
SORTINO (annualised)-48.56downside drag
-2-10+1+2+3+4
CALMAR (return / max-DD)-100.00drawdown overwhelms returns
-20+2+4+6
RETURN-DISTRIBUTION SHAPE|skew| < 0.5 ≈ symmetric · |kurt| < 1 ≈ mesokurtic
SKEWNESS · G₁0.17approximately symmetric
-3-10+1+3
EXCESS KURTOSIS · G₂1.10leptokurtic · fat tails
-30+2+4+6
SORTINO vs SHARPEdownside vol < total vol · favourableSoR / SR = 0.79
CALMAR · DD CONTROLdrawdown > returns · adverseCR = -100.00
EXPECTED EDGE-1637.92%/yr driftμ × 8760 = annualised expectation
rₜ = ln(pₜ/pₜ₋₁). σ × √8760 = annualised. Sharpe = μ/σ scaled; Sortino uses downside-only vol; Calmar = annual return / max drawdown.

§6 · Risk metrics

Tail risk + drawdown · downside diagnostics
TAIL & DRAWDOWN RISKELEVATED · 95% VaR 0.59%
VaR₉₅ (h)0.589%5% prob of larger adverse h move
VaR₉₉ (h)0.794%1% prob · extreme-tail threshold
ES₉₅ (CVaR)0.726%expected loss given 5% tail event
MAX DRAWDOWN4.42%23h from peak to trough
TAIL-RISK LADDER (h losses)larger negative = worse · markers show severity
0 · no lossVaR₉₅−0.589%VaR₉₉−0.794%ES₉₅−0.726%worst tail ←→ zero loss
MAX DRAWDOWN PROFILEmoderate drawdown · 23h duration
PEAK0.27$
−4.42% drawdown over 23h
0.26$TROUGH
ES / VaR · TAIL THICKNESSmild tail heaviness|ES₉₅| / |VaR₉₅| = 1.23× (normal ≈ 1.25)
VaR₉₉ / VaR₉₅ · CONCENTRATIONmoderate extreme-tail concentrationratio = 1.35× (normal ≈ 1.41)
DRAWDOWN · CAPITAL DURATIONmoderate drawdownrecovery needed: +4.63% (compounding)
VaR = quantile loss · ES (CVaR) = expected loss conditional on tail · DD = peak-to-trough decline. Under normality ES₉₅/VaR₉₅ ≈ 1.25; ratio > 1.5 ⇒ fat-tail regime.

§7 · Technicals

RSI(14)
14.3 · oversold
Bollinger %B
-0.005 · below lower band
Bollinger upper
$0.0027
Bollinger MA
$0.0026
Bollinger lower
$0.0026

§8 · Time-series structure

Regime & autocorrelation diagnostics
TIME-SERIES STRUCTUREREGIME: INDETERMINATE · weak signal at n=24
ρ(1) AUTOCORR-0.082within white-noise band
ρ(2) AUTOCORR+0.162lag-2 not significant
H · HURST EXPONENT0.931strongly persistent
OLS TREND · t-STAT-19.054significant @ α=0.05
HURST EXPONENT [0, 1]strongly persistent · H = 0.931
H = 0.931STRONGLY PERSISTENT
0
anti-persistent0.45
mean-reverting0.5
random walk0.55
persistent1
strongly trending
AUTOCORRELATION FUNCTION · ρ(k) for k=1..5WHITE NOISE · no significant lags
k=1-0.082k=2+0.162k=3-0.365k=4+0.015k=5-0.0490+1−1+0.41−0.41+ momentum (ρ > +0.41)− reversal (ρ < −0.41)noise (within band)±2/√n threshold
OLS TREND · t-STAT · [-5, +5]SIGNIFICANT @ 1% (|t|=19.05)
−5 reject−1.960 retain H₀+1.96+5 reject
REGIME CLASSIFICATIONINDETERMINATE · weak signal at n=24from Hurst + ρ(1) joint diagnosis
PREDICTABILITY · score 0.94very high · strong structure|ρ(1)| + 2·|H − 0.5| heuristic
TREND SIGNIFICANCESIGNIFICANT @ 1% (|t|=19.05)α=0.05 critical |t|=1.96 · α=0.01 |t|=2.58
ρ(k) = lag-k sample autocorrelation · H = R/S Hurst exponent · t = OLS-trend t-statistic. Significance bands at ±2/√n approximate the 95% white-noise envelope. α=0.05 critical |t|=1.96; α=0.01 |t|=2.58.

§9 · Microstructure

24h volume (USD)
$59.52k
Open interest (USD)
$298.79k
Vol / OI (turnover)
0.20x
1h funding
0.001250%
Funding (annualised)
+10.95%/yr

§10 · Position sizing

Continuous Kelly (μ/σ²)
-10.000× leverage · optimal log-utility leverage
Half-Kelly
-5.000× · industry-standard conservative
Quarter-Kelly
-2.500×

§11 · Hourly return heatmap

24-hour signed Δln-r grid · green = up · red = down
HOURLY RETURN HEATMAP · n=24 bars · best 0.49% · worst -0.85% · typical |Δ| 0.28%BEARISH SESSION -4.49%BEST+0.49%21hWORST-0.85%14hTYPICAL |Δ|0.28%mean absoluteCUMULATIVE-4.49%Σ signed ΔSTREAK↘ 3down-runASIA · 00-08 UTCμ -0.24% · Σ -1.94%EUROPE · 08-16 UTCμ -0.18% · Σ -1.47%US · 16-24 UTCμ -0.14% · Σ -1.08%CUMULATIVE Δ PATH · final -4.49%+0.04%-4.49%0.04% · 15h0.04% · 15h0.04%15h-0.34% · 16h-0.34% · 16h-0.34%16h-0.15% · 17h-0.15% · 17h-0.15%17h-0.60% · 18h-0.60% · 18h-0.60%18h0.23% · 19h0.23% · 19h0.23%19h-0.08% · 20h-0.08% · 20h-0.08%20h0.49% · 21h0.49% · 21h0.49%21h★ BEST-0.34% · 22h-0.34% · 22h-0.34%22h-0.30% · 23h-0.30% · 23h-0.30%23h-0.15% · 00h-0.15% · 00h-0.15%00h0.04% · 01h0.04% · 01h0.04%01h-0.26% · 02h-0.26% · 02h-0.26%02h-0.15% · 03h-0.15% · 03h-0.15%03h-0.53% · 04h-0.53% · 04h-0.53%04h-0.34% · 05h-0.34% · 05h-0.34%05h-0.31% · 06h-0.31% · 06h-0.31%06h-0.23% · 07h-0.23% · 07h-0.23%07h0.27% · 08h0.27% · 08h0.27%08h-0.15% · 09h-0.15% · 09h-0.15%09h-0.23% · 10h-0.23% · 10h-0.23%10h0.04% · 11h0.04% · 11h0.04%11h-0.35% · 12h-0.35% · 12h-0.35%12h-0.23% · 13h-0.23% · 13h-0.23%13h-0.85% · 14h-0.85% · 14h-0.85%14h▼ WORSTTIME PATTERNUS-led (+-1.08%)RUNSup max 1 · down max 6BREADTH25% up · 75% down
6 up bars · 18 down · best 0.49% · worst -0.85% · typical |Δ| 0.278%

§12 · Equity curve & underwater drawdown

Cumulative compounded return + running peak-to-trough
EQUITY & DRAWDOWN ANALYSIS · n=25 barsLOSS WITH MODERATE DD (-4.40%)FINAL-4.40%MAX DD-4.44%RECOVERYONGOING · 23 barsMAX RUN-UP+0.04%UNDERWATER23/25 (92%)STREAK↘ 3EQUITY CURVE · end 0.9560 · peak 1.0004 · range [0.9560, 1.0004]1.00040.9560break-even = 1★ PEAK 1.0004UNDERWATER DRAWDOWN · max -4.44% · moderate0%-4.44%▼ TROUGH -4.44%TOP DRAWDOWN PERIODS · 1 total#1 -4.44%bar 3-25 · 23 bars · ONGOINGDD SEVERITYmoderate (max -4.44%)RECOVERYongoing · 23 barsTIME UNDER WATER92% of session · 23/25 bars
final equity 0.9560 (-4.40%) · max DD -4.44% · time-under-water 23/25 bars

§13 · Rolling-window statistics (w = 6 bars)

Rolling annualised Sharpe ratio · green positive · red negative
n=19 · +0 / −19 (0% positive) · μ=-68.93 · σ=53.91UNPROFITABLE STRATEGYLAST -91.96 (-0.43σ vs μ)220.30110.150.00-110.15-220.30μ = -68.93-48.38-48.38-17.96-17.96-18.01-18.01-23.44-23.44-7.31-7.31-17.56-17.56-26.31-26.31-132.55-132.55-111.54-111.54-112.62-112.62-127.02-127.02-220.30-220.30-74.91-74.91-75.05-75.05-69.64-69.64-44.19-44.19-45.41-45.41-45.48-45.48-91.96-91.96v > 0 · positivev < 0 · negativeμ mean lineμ ± σ bandlatest bar (outlined)
latest -91.955 · range [-220.30, -7.31] · μ -68.928 · positive Sharpe = excess-return-per-risk earned by buying-and-holding through this window
Rolling annualised volatility (%)
n=19 · μ=24.4531 · σ=7.4899 · range [12.0773, 37.3458] · R²=0.271▲ RISING +4.08%σ EXTREME 30.63%LAST 28.156337.345831.028724.711618.394512.0773μ = 24.4531max 37.3458min 12.0773dataMA(3)OLS R²=0.27μ lineμ ± σ bandmaxmin
latest 28.16% · range [12.08%, 37.35%] · μ 24.45% · σ̂ scaled to annualised (×√8760)
Rolling lag-1 autocorrelation ρ(1)
n=19 · +5 / −14 (26% positive) · μ=-0.133 · σ=0.177MEAN-REVERSIONLAST -0.054 (+0.45σ vs μ)0.4370.2180.000-0.218-0.437μ = -0.133-0.420-0.420-0.131-0.131-0.352-0.352-0.290-0.290-0.150-0.150-0.177-0.177-0.219-0.2190.0160.016-0.117-0.1170.1050.105-0.026-0.026-0.238-0.2380.0710.0710.2110.2110.0430.043-0.221-0.221-0.437-0.437-0.139-0.139-0.054-0.054v > 0 · positivev < 0 · negativeμ mean lineμ ± σ bandlatest bar (outlined)
latest -0.054 · |ρ| > 0.3 ⇒ regime with persistence (ρ > 0) or reversal (ρ < 0) · |ρ| ≤ 0.1 = consistent with random walk

§14 · Hypothesis tests (α = 0.05)

Formal inference at 5% significance
1 of 6 REJECT · mixed evidence1 reject·5 pass·α = 0.05
𝒩

Jarque-Bera

FAIL TO REJECTns

H₀: Δln-r ~ Normal(μ, σ²)

STATISTIC
1.3254
p-VALUE (log scale)
0.5155
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainednormality not rejected
ρ

Ljung-Box(h=5)

FAIL TO REJECTns

H₀: No serial autocorrelation up to lag 5

STATISTIC
4.9637
p-VALUE (log scale)
0.4210
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedconsistent with white noise
Ψ

Dickey-Fuller (τ_μ)

FAIL TO REJECTns

H₀: p has a unit root (non-stationary)

STATISTIC
0.7076
p-VALUE (log scale)
0.9990
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedrandom-walk behaviour (crit ≈ -2.86)
±

Wald-Wolfowitz runs

FAIL TO REJECTns

H₀: Sign sequence of Δ is random

STATISTIC
1.1304
p-VALUE (log scale)
0.2583
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedsigns appear random (12 runs)
χ

KPSS (μ stationarity)

REJECT H₀**

H₀: p IS level-stationary

STATISTIC
0.9201
p-VALUE (log scale)
0.0037
α
10⁻⁴10⁻³10⁻²10⁻¹1
p < α · rejection zonenon-stationary (crit 0.463)
χ

Variance ratio q=3

FAIL TO REJECTns

H₀: Δln-r is a random walk · VR = 1

STATISTIC
-0.3711
p-VALUE (log scale)
0.7106
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedVR 0.887 ≈ 1 (RW behaviour)
Each row states an explicit null H₀, the test statistic, an approximated p-value, and the decision. REJECT means evidence against H₀. KPSS complements ADF (rejecting both ⇒ ambiguous; rejecting one ⇒ clean verdict).

§15 · Spectral analysis (DFT periodogram)

Power spectrum of Δln-r · ‖X̂(k)‖²/n
n=12 bins · noise floor μ=9.35e-6 · top T=2.00h (34.0%) · top-3 cover 61.9%1 SIGNIFICANT CYCLEcumulative energy ↗ (1 bin above 2× noise)3.8e-52.9e-51.9e-59.5e-60.0e+0μ noise floor2× noise (significance)period 24.0 · power 2.17e-6 · 1.9% energyperiod 24.0 · power 2.17e-6 · 1.9% energyperiod 12.0 · power 1.75e-5 · 15.6% energyperiod 12.0 · power 1.75e-5 · 15.6% energyperiod 8.0 · power 2.20e-6 · 2.0% energyperiod 8.0 · power 2.20e-6 · 2.0% energyperiod 6.0 · power 7.06e-6 · 6.3% energyperiod 6.0 · power 7.06e-6 · 6.3% energyperiod 4.8 · power 1.10e-5 · 9.8% energyperiod 4.8 · power 1.10e-5 · 9.8% energyperiod 4.0 · power 8.39e-6 · 7.5% energyperiod 4.0 · power 8.39e-6 · 7.5% energyperiod 3.4 · power 1.69e-6 · 1.5% energyperiod 3.4 · power 1.69e-6 · 1.5% energyperiod 3.0 · power 9.35e-7 · 0.8% energyperiod 3.0 · power 9.35e-7 · 0.8% energyperiod 2.7 · power 6.94e-6 · 6.2% energyperiod 2.7 · power 6.94e-6 · 6.2% energyperiod 2.4 · power 2.32e-6 · 2.1% energyperiod 2.4 · power 2.32e-6 · 2.1% energyperiod 2.2 · power 1.39e-5 · 12.4% energyperiod 2.2 · power 1.39e-5 · 12.4% energyperiod 2.0 · power 3.81e-5 · 34.0% energyperiod 2.0 · power 3.81e-5 · 34.0% energy50% by T=2.7h#1 dominantT=2.00h#2T=12.00h#3T=2.18hT=2hT=3hT=4hT=6hT=8hT=12hT=16hT=24h← shorter cycle (high freq · Nyquist=½) · period T (bars per cycle) · longer cycle (low freq · 1/n) →#1 dominant#2 peak#3 peak> 2× noisenoiseμ floor2μ sig.cum energy
dominant period ≈ 2.00h (freq 0.500) · concentrates 34.0% of total energy · Σ|X̂|²/n = 1.122e-4

▸ Depth section using sovereign-store price series (5000 bars · effective 5257847 bars/year) — annualisation reflects native polling cadence, not upstream timeframes.

§16 · NOSTRADAMUS continuous quant — perp leverage & bootstrap MC

Continuous-price extension of the prediction-market quant module. Kelly growth on observed returns (Merton μ/σ² parametric vs argmax empirical), Monte-Carlo equity fan bootstrapped from the historical return distribution at quarter-Kelly leverage, and an annualized return decomposition. Sweep parameters in the simulator.

§17 · Continuous Kelly

Continuous-Kelly growth · g(f) = E[ln(1 + f·r)]
NO LONG EDGE · μ -0.000% per barparametric μ/σ² short edge (μ<0) · μ -0.000% · σ 0.03%
μ per barmean
-0.000%
σ per barvol
0.03%
Empirical f★argmax g(f)
0.00×
from observed distribution
Parametric f★μ/σ²
-69.72×
Merton continuous-time
Half-Kelly½ f★
0.00×
~⅔ of full growth, half the variance
Quarter-Kelly¼ f★
0.00×
industry default — survives model error
-0.00%0.02%0.05%0.07%0.10%0.0×1.6×3.2×4.8×6.4×8.0×leverage fraction fexpected log-growth per bar
g(f) empiricalf★ argmaxparametric f★
Maximum expected log-growth from leveraging the historical return distribution. Empirical f★ argmaxes the sample expectation; parametric f★ = μ/σ² is Merton's continuous-time optimum.

§18 · MC equity fan

Bootstrapped equity fan at 0.10× leverage
Median CAGR/bar -0.000% · annualized Sharpe -45.34400 paths × 720 bars · leverage 0.10× · bootstrap from 4999 observed returns
Sharpe / barμ/σ
-0.020
annualized -45.34
μ per barafter L
-0.000%
σ per barafter L
0.00%
VaR 95%5%
0.00%
per-bar worst-case
CVaR 95%ES
0.01%
mean tail loss
Max DD (median)MDD
-0.0%
0.95×0.97×0.99×1.01×1.03×1.05×0120240360480600720startbar #equity multiple
median25/75 band5/95 band
Median path with 25/75 and 5/95 percentile bands across 400 simulated careers. Bars resample with replacement from the observed return distribution — preserves fat tails the parametric model misses.

§19 · Annualized breakdown

Annualized return components
APR -1000% · APY -100% · Sharpe -42.49σ ann 61% · Sortino -22.15 · n 4999 · ⚠ capped (n=4999 too small to support 8760-bar projection)
-5098%-4064%-3030%-1996%-961%73%-1000.0%APR (simple)-100.0%APY (compound)60.9%Ann. vol σ-4248.7%Sharpe (ann)-2215.3%Sortino (ann)
Simple APR vs compounded APY · annualized volatility · risk-adjusted Sharpe and Sortino. All scaled by √(periods/yr).

§20 · GARCH(1,1) volatility band

GARCH(1,1) · conditional vol envelope (±2σ)
GARCH persistence α+β = 0.980· σ̂ₜ = 1.001% · long-run σ = 2.236%
0.0020.0030.0030.0030.0030.003t-4999t-4166t-3333t-2500t-1666t-833t-0

Persistence near 1 ⇒ vol clusters strongly (slow mean reversion). Long-run σ is the unconditional target the conditional vol orbits. The ±2σ band reflects time-varying scale, unlike a flat-vol band.

Time-varying volatility band fitted to the price series. Persistence α+β > 0.98 means vol shocks decay slowly — recent moves stay relevant.

§∞ · Provenance & attestation

Upstream
api.hyperliquid.xyz
Snapshot fetched
2026-06-14 14:47:45 UTC
Snapshot age
2.6s
History points
25 hourly closes
Page rendered
2026-06-14 14:47:48 UTC
Storage policy
no persistence — fetched on every request
SHA-256 attestation
649b5744fb87aafb18b63006249ba698f830eb0f6bb38de56f88ae937052ff10 · deterministic hash of the source snapshot — proves this page was rendered from this exact data
Open data licence
CC0 / public domain · free to mirror, syndicate, analyse

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Also see: /arb opportunities · RSS feed

Market depth

▸ live order book · Hyperliquid perp
Depth within 1bp
$0
bid $0 · ask $0
Depth within 5bp
$0
bid $0 · ask $0
Depth within 10bp
$1.46K
bid $907 · ask $557
Depth within 50bp
$47.72K
bid $21.08K · ask $26.63K
Mid price
0.002569
(best bid + best ask) / 2
Spread
19.5bp
(bestAsk − bestBid) / mid
Imbalance (whole book)
-0.291
ask-heavy
Imbalance (top-5)
+0.047
bid-heavy top-of-book

Slippage scenarios

▸ live book walk · Hyperliquid perp

Simulating a market order at three notionals against the live book. Slippage = avg execution price vs. mid, in basis points. Worst fill = price of the deepest level touched. Live JSON: /api/asset/hl-GALA/slippage?size=10000&side=buy

SideNotionalAvg fillSlippageWorst fillLevelsStatus
BUY$1.00K0.00257212.98bp0.0025733FILLED
BUY$10.00K0.00257419.75bp0.0025744FILLED
BUY$100.00K0.002605143.28bp0.00267220PARTIAL
SELL$1.00K0.00256610.10bp0.0025652FILLED
SELL$10.00K0.00256415.87bp0.0025634FILLED
SELL$100.00K0.00255455.36bp0.00250420PARTIAL

Funding carry

▸ LONGS PAY · shorts receive
Hourly funding
+1.250e-5
0.00125% / hr
Annualised APR
10.958%
hourly · 24 · 365.25
Long: days to 1% carry
33.3d
longs pay
Short: days to 1% carry
33.3d
shorts receive
SideDirectionAnnualised carryDays → 1%Days → 10%
LONGPAY-10.958%33.3d333.3d
SHORTRECEIVE10.958%33.3d333.3d

/api/asset/hl-GALA/carry · same metrics, JSON

Volume profile

▸ real volume · Hyperliquid candlesstep $ 1 · 25 records
Price binBarsVolumeDistribution
$0.000000–$1.0000★25$22.88M

★ POC = Point of Control (highest-volume bin). Live JSON: /api/asset/hl-GALA/volprofile?priceStep=1

Order flow

▸ ASK-LEAN · -0.518 · Hyperliquid candles
Bars (buy / sell)
6 / 18
1 unclassified
Buy weight
$5.40M
real volume
Sell weight
$16.98M
real volume
Net delta
$11.58M
sellers net
Imbalance
-51.76%
(buy − sell) / (buy + sell)
Toxicity (VPIN)
51.8%
one-sided / toxic
Impact (|Δp|/vol)
—
needs real volume

Sparkline = cumulative delta over the 25-record window./api/asset/hl-GALA/flow?rollingWindow=30

Cascade clusters

▸ DOWN · 4 found · deepest 1.81% · Hyperliquid candles

Price-only proxy for forced-unwind clusters. No exchange liquidation feed is wired — read each row as a candidate event, not a confirmed liquidation.

#WindowDurationPeak → TroughDrawdownBars
#12026-06-14 04:00:00Z3.0h0.002658→0.0026101.806%4
#22026-06-14 12:00:00Z2.0h0.002613→0.0025711.607%3
#32026-06-13 18:00:00Z1.0h0.002690→0.0026611.078%2

/api/asset/hl-GALA/cascades?windowMs=10800000&minDrawdownPct=0.005 · full list + parameters in JSON

Risk metrics

▸ sovereign store · 5,000 barsperiods/year ≈ 5.26M
Realized vol (annualised)
60.94%
σ per bar = 0.000266
Mean return (annualised)
-2589.13%
μ per bar = -0.000005
Sharpe (rf=0)
-42.49
annualised; risk-free assumed zero
Max drawdown
2.73%
peak 0.00 → trough 0.00 over 4915 bars

/api/asset/hl-GALA/risk · same metrics, JSON