HYPERLIQUID · PERPETUAL FUTURES

CELO

CELO-USD perpetual · 24/7 trading on Hyperliquid

▸ Advanced metrics · M2M bundle

hyperliquid · perp-celo · fresh · feed 3s old
24h sparkline · 60 pts▼ -0.39%
realized vol (ann.)
37.93%
max drawdown
1.12%
sharpe
1.69
ulcer index
0.65%
RMS drawdown
pain index
0.54%
mean drawdown
mod. VaR 95%
0.02%
Cornish-Fisher
martin ratio
99.24
ret / ulcer
CDaR 95%
1.07%
cond. drawdown
gain/pain
1.00
Σgain / Σ|loss|
sterling
59.80
ret / CDaR
omega (θ=0)
1.00
upside/downside
roll spread
0.0 bps
implied (price-only)
bars used
2000
store
spread
—
24h Δ
-0.39%
flow lean
—
carry
longs_pay
5.11%
signalNEUTRALconfidence 36%
  • funding: longs pay — perp shorts get paid to wait
  • mark cheap vs HL oracle by 17.8bps — long bias
Same bundle via M2M API: /api/m2m/hl-celo/bundle · venue execution: hyperliquid →
LIVEPOLL0SRCFRESH2.8s⏱--:--:-- 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
$0.062
24h Δ · live
-0.39%
24h vol · live
$0.1M
CELO · live 24h price
n=25 · μ=0.0615 · σ=0.0002 · range [0.0611, 0.0618] · R²=0.018▬ FLATσ LOW 0.28%LAST 0.06150.06180.06160.06150.06130.0611μ = 0.0615max 0.0618min 0.0611dataMA(5)OLS R²=0.02μ lineμ ± σ bandmaxminlive endpoint
25 closes · last $0.06
Funding direction · live
Long fee 46.1%Short fee 53.9%SHORT FEE53.9%
Σ = 0.0%
Σ-sides total = 0.00% (100.00pp arb gap)
H(p) entropy = 0.995 / 1.00 bits (100%) · max uncertainty (~50/50)
Long fee
46.1%▬ +0.00pp
Short fee
53.9%▬ +0.00pp
1h funding 0.000583% · longs pay
Hourly contract volume · live
n=25 · Σ=1,110,017 · μ=44400.7 · σ=20118.9 · CV=0.45STEADY FLOWcumulative energy ↗ · 50% by h=13027,69855,39683,093110,791μ = 44401110,79150%h1h5h9h13h17h21h25#1 peak#2-3> μactivequietμ linecum energy
peak 110791 contracts
Live numerics · pulse on poll
LIVE NUMERICS9 metrics·POLL 0
⏱snapshot age
2.8s
$mark $
$0.0615
$mid $
$0.0616
◉prev-day close
$0.0618
Δ24h Δ %
-0.393%
$24h vol $
$67.35k
◐open interest $
$109.97k
%funding (1h)
0.000583%
%funding (yr)
+5.11%/yr

§1 · 24h time-series

Close price · hourly
n=25 · μ=0.0615 · σ=0.0002 · range [0.0611, 0.0618] · R²=0.018▬ FLATσ LOW 0.28%LAST 0.06150.06180.06160.06150.06130.0611μ = 0.0615max 0.0618min 0.0611dataMA(5)OLS R²=0.02μ lineμ ± σ bandmaxmin
mark $0.0615 · 24h -0.39% · range $[0.0611, 0.0618]
OHLC candles · hourly
n=25 · up 10 · down 15 (40% up) · range [0.0610, 0.0620] · σ=0.0002 · CV=0.00 · bodyµ=52%BEARISH -0.37%CLOSE 0.0615 vs OPEN 0.0618 (-0.37%)&#9660; CLOSE 0.06150.06200.06170.06150.06130.0610μ close = 0.0615O0.062 H0.062 L0.062 C0.062 (-0.28%)O0.062 H0.062 L0.062 C0.062 (-0.28%)O0.062 H0.062 L0.061 C0.061 (-0.51%)O0.062 H0.062 L0.061 C0.061 (-0.51%)O0.061 H0.062 L0.061 C0.061 (+0.32%)O0.061 H0.062 L0.061 C0.061 (+0.32%)O0.061 H0.062 L0.061 C0.062 (+0.47%)O0.061 H0.062 L0.061 C0.062 (+0.47%)O0.062 H0.062 L0.061 C0.062 (-0.51%)O0.062 H0.062 L0.061 C0.062 (-0.51%)O0.062 H0.062 L0.061 C0.061 (-0.49%)O0.062 H0.062 L0.061 C0.061 (-0.49%)O0.061 H0.062 L0.061 C0.061 (-0.18%)O0.061 H0.062 L0.061 C0.061 (-0.18%)O0.061 H0.062 L0.061 C0.062 (+0.46%)O0.061 H0.062 L0.061 C0.062 (+0.46%)O0.062 H0.062 L0.061 C0.061 (-0.21%)O0.062 H0.062 L0.061 C0.061 (-0.21%)O0.061 H0.062 L0.061 C0.062 (+0.60%)O0.061 H0.062 L0.061 C0.062 (+0.60%)O0.062 H0.062 L0.062 C0.062 (-0.41%)O0.062 H0.062 L0.062 C0.062 (-0.41%)O0.062 H0.062 L0.061 C0.061 (-0.22%)O0.062 H0.062 L0.061 C0.061 (-0.22%)O0.062 H0.062 L0.061 C0.061 (-0.53%)O0.062 H0.062 L0.061 C0.061 (-0.53%)O0.061 H0.062 L0.061 C0.062 (+0.34%)O0.061 H0.062 L0.061 C0.062 (+0.34%)O0.062 H0.062 L0.061 C0.062 (-0.00%)O0.062 H0.062 L0.061 C0.062 (-0.00%)O0.062 H0.062 L0.061 C0.062 (+0.09%)O0.062 H0.062 L0.061 C0.062 (+0.09%)O0.062 H0.062 L0.061 C0.061 (-0.27%)O0.062 H0.062 L0.061 C0.061 (-0.27%)O0.061 H0.061 L0.061 C0.061 (+0.01%)O0.061 H0.061 L0.061 C0.061 (+0.01%)O0.061 H0.062 L0.061 C0.061 (-0.21%)O0.061 H0.062 L0.061 C0.061 (-0.21%)O0.061 H0.061 L0.061 C0.061 (-0.38%)O0.061 H0.061 L0.061 C0.061 (-0.38%)0.6%O0.061 H0.062 L0.061 C0.062 (+0.65%)O0.061 H0.062 L0.061 C0.062 (+0.65%)O0.061 H0.062 L0.061 C0.062 (+0.40%)O0.061 H0.062 L0.061 C0.062 (+0.40%)O0.062 H0.062 L0.061 C0.061 (-0.50%)O0.062 H0.062 L0.061 C0.061 (-0.50%)O0.061 H0.061 L0.061 C0.061 (-0.11%)O0.061 H0.061 L0.061 C0.061 (-0.11%)O0.061 H0.062 L0.061 C0.062 (+0.27%)O0.061 H0.062 L0.061 C0.062 (+0.27%)#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=1,110,017 · μ=44400.7 · σ=20118.9 · CV=0.45STEADY FLOWcumulative energy &nearr; · 50% by h=13027,69855,39683,093110,791μ = 4440134,779 · 31.4% peak34,779 · 31.4% peak32,964 · 29.8% peak32,964 · 29.8% peak110,791110,791 · 100.0% peak110,791 · 100.0% peak42,710 · 38.6% peak42,710 · 38.6% peak76,973 · 69.5% peak76,973 · 69.5% peak31,382 · 28.3% peak31,382 · 28.3% peak34,918 · 31.5% peak34,918 · 31.5% peak27,468 · 24.8% peak27,468 · 24.8% peak39,918 · 36.0% peak39,918 · 36.0% peak44,719 · 40.4% peak44,719 · 40.4% peak31,477 · 28.4% peak31,477 · 28.4% peak28,531 · 25.8% peak28,531 · 25.8% peak59,807 · 54.0% peak59,807 · 54.0% peak69,041 · 62.3% peak69,041 · 62.3% peak25,728 · 23.2% peak25,728 · 23.2% peak27,722 · 25.0% peak27,722 · 25.0% peak53,448 · 48.2% peak53,448 · 48.2% peak45,544 · 41.1% peak45,544 · 41.1% peak40,121 · 36.2% peak40,121 · 36.2% peak28,085 · 25.3% peak28,085 · 25.3% peak61,880 · 55.9% peak61,880 · 55.9% peak57,926 · 52.3% peak57,926 · 52.3% peak46,810 · 42.3% peak46,810 · 42.3% peak38,742 · 35.0% peak38,742 · 35.0% peak18,533 · 16.7% peak18,533 · 16.7% peak50%#1#5#9#13#17#21#25#1 peak#2-3> μactivequietμ linecum energy
Σ vol 1110017 · peak 110791 · CV 0.45

§2 · Returns distribution (log-returns)

Histogram of rₜ = ln(pₜ/pₜ₋₁)
n=24 · 12 bins · μ=0.0001 · σ=0.0036 · skew=0.39 (symmetric) · kurt=-1.18 (platykurtic (thin tails))43210 3-45.03bpbin -45.03bp · n=3 · 75.0% peakbin -45.03bp · n=3 · 75.0% peak 4-34.80bpbin -34.80bp · n=4 · 100.0% peakbin -34.80bp · n=4 · 100.0% peak 3-24.57bpbin -24.57bp · n=3 · 75.0% peakbin -24.57bp · n=3 · 75.0% peak 1-14.35bpbin -14.35bp · n=1 · 25.0% peakbin -14.35bp · n=1 · 25.0% peak 3-4.12bpbin -4.12bp · n=3 · 75.0% peakbin -4.12bp · n=3 · 75.0% peak 16.10bpbin 6.10bp · n=1 · 25.0% peakbin 6.10bp · n=1 · 25.0% peak 116.33bpbin 16.33bp · n=1 · 25.0% peakbin 16.33bp · n=1 · 25.0% peak 126.55bpbin 26.55bp · n=1 · 25.0% peakbin 26.55bp · n=1 · 25.0% peak 336.78bpbin 36.78bp · n=3 · 75.0% peakbin 36.78bp · n=3 · 75.0% peak 247.01bpbin 47.01bp · n=2 · 50.0% peakbin 47.01bp · n=2 · 50.0% peak57.23bp 267.46bpbin 67.46bp · n=2 · 50.0% peakbin 67.46bp · n=2 · 50.0% peakμΔ < 0 · loss barsΔ ≈ 0 · flatΔ > 0 · gain barsN(μ,σ²) referenceμ line · ±σ band shaded
n=24 · positive 10 · negative 14
Q-Q plot · standardised rₜ vs N(0,1)
n=24 · skew=0.43 · kurt=-1.14 · near 18 / mid 6 / far 0 · OLS slope=0.99 intercept=-0.00APPROXIMATELY NORMALUPPER 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
$0.0615
Mid price
$0.0616
24h change
-0.39%
Mark–mid spread
4.87 bps
Prev-day close
$0.0618

§4 · Sample moments (prices)

Descriptive statistics · 5-number summary · shape diagnostics
SAMPLE MOMENTS · N=25APPROXIMATELY NORMAL · WELL-BEHAVED
μ MEAN0.0615$95% CI: [0.0614$, 0.0615$]
σ STD DEV0.0002$σ² = 0.000×10⁻⁴ · CV = 0.28%
med MEDIAN0.0615$Q₁ 0.0613$ · Q₃ 0.0616$
FIVE-NUMBER SUMMARY · BOX PLOTrange 0.0007$ · IQR 0.0003$ (1.349σ→0.0002$)
min 0.0611$Q₁ 0.0613$med 0.0615$Q₃ 0.0616$max 0.0618$μ
SKEWNESS · G₁0.047approximately symmetric
−3−10+1+3
EXCESS KURTOSIS · G₂-0.588mesokurtic · normal-like
−30+2+4+6
μ ↔ median≈ equal · symmetric|μ−med| / σ = 0.04
σ × 1.349 ↔ IQRconsistent with normalratio = 0.88
range ↔ σwide tails (range > 4σ)range / σ = 4.18
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=-0.89
μᵣ MEAN / h-0.003587%drift is negative per h · |μ|/σ = 0.010
σᵣ STD / h0.377111%σ²ᵣ = 0.142×10⁻⁴ · CV = 105.12×
σ ANNUALISED35.30%/yrscaled by √8760 (hourly→yearly) · 0.377%/h base
RISK-ADJUSTED PERFORMANCEhigher = better edge per unit risk
SHARPE (annualised)-0.89negative edge
-2-10+1+2+3+4
SORTINO (annualised)-1.06downside drag
-2-10+1+2+3+4
CALMAR (return / max-DD)-27.17drawdown overwhelms returns
-20+2+4+6
RETURN-DISTRIBUTION SHAPE|skew| < 0.5 ≈ symmetric · |kurt| < 1 ≈ mesokurtic
SKEWNESS · G₁0.45approximately symmetric
-3-10+1+3
EXCESS KURTOSIS · G₂-1.12platykurtic · thin tails
-30+2+4+6
SORTINO vs SHARPEdownside vol < total vol · favourableSoR / SR = 1.19
CALMAR · DD CONTROLdrawdown > returns · adverseCR = -27.17
EXPECTED EDGE-31.43%/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 RISKMODERATE · 95% VaR 0.45%
VaR₉₅ (h)0.448%5% prob of larger adverse h move
VaR₉₉ (h)0.490%1% prob · extreme-tail threshold
ES₉₅ (CVaR)0.477%expected loss given 5% tail event
MAX DRAWDOWN1.16%10h from peak to trough
TAIL-RISK LADDER (h losses)larger negative = worse · markers show severity
0 · no lossVaR₉₅−0.448%VaR₉₉−0.490%ES₉₅−0.477%worst tail ←→ zero loss
MAX DRAWDOWN PROFILEmoderate drawdown · 10h duration
PEAK6.18$
−1.16% drawdown over 10h
6.11$TROUGH
ES / VaR · TAIL THICKNESSthin tails · ES ≈ VaR|ES₉₅| / |VaR₉₅| = 1.06× (normal ≈ 1.25)
VaR₉₉ / VaR₉₅ · CONCENTRATIONuniform tailratio = 1.09× (normal ≈ 1.41)
DRAWDOWN · CAPITAL DURATIONmoderate drawdownrecovery needed: +1.17% (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)
50.6 · neutral
Bollinger %B
0.616 · within band
Bollinger upper
$0.0618
Bollinger MA
$0.0615
Bollinger lower
$0.0611

§8 · Time-series structure

Regime & autocorrelation diagnostics
TIME-SERIES STRUCTUREREGIME: MEAN-REVERTING · ρ(1) -0.21 + ADF rejected
ρ(1) AUTOCORR-0.210within white-noise band
ρ(2) AUTOCORR-0.320lag-2 not significant
H · HURST EXPONENT0.526random-walk
OLS TREND · t-STAT-0.652fails 5% test
HURST EXPONENT [0, 1]random-walk · H = 0.526
H = 0.526RANDOM-WALK
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=1-0.210k=2-0.320k=3-0.153k=4+0.171k=5-0.1140+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]NOT SIGNIFICANT (|t|=0.65)
−5 reject−1.960 retain H₀+1.96+5 reject
REGIME CLASSIFICATIONMEAN-REVERTING · ρ(1) -0.21 + ADF rejectedfrom Hurst + ρ(1) joint diagnosis
PREDICTABILITY · score 0.26moderate · 1-step ahead inferrable|ρ(1)| + 2·|H − 0.5| heuristic
TREND SIGNIFICANCENOT SIGNIFICANT (|t|=0.65)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)
$67.35k
Open interest (USD)
$109.97k
Vol / OI (turnover)
0.61x
1h funding
0.000583%
Funding (annualised)
+5.11%/yr

§10 · Position sizing

Continuous Kelly (μ/σ²)
-2.523× leverage · optimal log-utility leverage
Half-Kelly
-1.261× · industry-standard conservative
Quarter-Kelly
-0.631×

§11 · Hourly return heatmap

24-hour signed Δln-r grid · green = up · red = down
HOURLY RETURN HEATMAP · n=24 bars · best 0.73% · worst -0.50% · typical |Δ| 0.32%MIXED · 10 UP / 14 DN · neutralBEST+0.73%08hWORST-0.50%13hTYPICAL |Δ|0.32%mean absoluteCUMULATIVE-0.09%Σ signed ΔSTREAK↗ 1up-runASIA · 00-08 UTCμ -0.07% · Σ -0.59%EUROPE · 08-16 UTCμ +0.13% · Σ +1.00%US · 16-24 UTCμ -0.06% · Σ -0.50%CUMULATIVE Δ PATH · final -0.09%+0.37%-0.79%-0.50% · 13h-0.50% · 13h-0.50%13h▼ WORST0.32% · 14h0.32% · 14h0.32%14h0.48% · 15h0.48% · 15h0.48%15h-0.42% · 16h-0.42% · 16h-0.42%16h-0.37% · 17h-0.37% · 17h-0.37%17h-0.01% · 18h-0.01% · 18h-0.01%18h0.49% · 19h0.49% · 19h0.49%19h-0.25% · 20h-0.25% · 20h-0.25%20h0.63% · 21h0.63% · 21h0.63%21h-0.35% · 22h-0.35% · 22h-0.35%22h-0.22% · 23h-0.22% · 23h-0.22%23h-0.30% · 00h-0.30% · 00h-0.30%00h0.40% · 01h0.40% · 01h0.40%01h0.03% · 02h0.03% · 02h0.03%02h0.13% · 03h0.13% · 03h0.13%03h-0.38% · 04h-0.38% · 04h-0.38%04h-0.07% · 05h-0.07% · 05h-0.07%05h-0.05% · 06h-0.05% · 06h-0.05%06h-0.35% · 07h-0.35% · 07h-0.35%07h0.73% · 08h0.73% · 08h0.73%08h★ BEST0.26% · 09h0.26% · 09h0.26%09h-0.45% · 10h-0.45% · 10h-0.45%10h-0.18% · 11h-0.18% · 11h-0.18%11h0.36% · 12h0.36% · 12h0.36%12hTIME PATTERNEurope-led (+1.00%)RUNSup max 3 · down max 4BREADTH42% up · 58% down
10 up bars · 14 down · best 0.73% · worst -0.50% · typical |Δ| 0.322%

§12 · Equity curve & underwater drawdown

Cumulative compounded return + running peak-to-trough
EQUITY & DRAWDOWN ANALYSIS · n=25 barsLOSS · SHALLOW DD (-0.10%)FINAL-0.10%MAX DD-1.16%RECOVERYONGOING · 15 barsMAX RUN-UP+0.36%UNDERWATER22/25 (88%)STREAK↗ 1EQUITY CURVE · end 0.9990 · peak 1.0036 · range [0.9920, 1.0036]1.00360.9920break-even = 1★ PEAK 1.0036UNDERWATER DRAWDOWN · max -1.16% · moderate0%-1.16%▼ TROUGH -1.16%TOP DRAWDOWN PERIODS · 3 total#1 -1.16%bar 11-25 · 15 bars · ONGOING#2 -0.80%bar 5-9 · 5 bars · recovered#3 -0.50%bar 2-3 · 2 bars · recoveredDD SEVERITYmoderate (max -1.16%)RECOVERYongoing · 15 barsTIME UNDER WATER88% of session · 22/25 bars
final equity 0.9990 (-0.10%) · max DD -1.16% · time-under-water 22/25 bars

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

Rolling annualised Sharpe ratio · green positive · red negative
n=19 · +11 / −8 (58% positive) · μ=-2.99 · σ=15.56MIXED EDGELAST 11.92 (+0.96σ vs μ)52.1226.060.00-26.06-52.12μ = -2.99-19.10-19.1018.6018.60-2.91-2.912.592.595.115.1110.8010.800.120.12-3.33-3.337.187.18-16.57-16.57-17.68-17.68-10.20-10.203.773.77-52.12-52.120.190.194.864.862.002.00-1.97-1.9711.9211.92v > 0 · positivev < 0 · negativeμ mean lineμ ± σ bandlatest bar (outlined)
latest 11.924 · range [-52.12, 18.60] · μ -2.987 · positive Sharpe = excess-return-per-risk earned by buying-and-holding through this window
Rolling annualised volatility (%)
n=19 · μ=35.8911 · σ=6.9943 · range [19.4189, 43.2582] · R²=0.029▲ RISING +12.12%σ EXTREME 19.49%LAST 43.258243.258237.298431.338625.378719.4189μ = 35.8911max 43.2582min 19.4189dataMA(3)OLS R²=0.03μ lineμ ± σ bandmaxmin
latest 43.26% · range [19.42%, 43.26%] · μ 35.89% · σ̂ scaled to annualised (×√8760)
Rolling lag-1 autocorrelation ρ(1)
n=19 · +2 / −17 (11% positive) · μ=-0.198 · σ=0.186MEAN-REVERSIONLAST -0.182 (+0.09σ vs μ)0.5460.2730.000-0.273-0.546μ = -0.198-0.066-0.0660.1470.147-0.207-0.207-0.122-0.122-0.546-0.546-0.528-0.528-0.368-0.368-0.405-0.405-0.210-0.2100.0780.078-0.174-0.174-0.298-0.298-0.005-0.005-0.253-0.253-0.315-0.315-0.032-0.032-0.185-0.185-0.089-0.089-0.182-0.182v > 0 · positivev < 0 · negativeμ mean lineμ ± σ bandlatest bar (outlined)
latest -0.182 · |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
2.0713
p-VALUE (log scale)
0.3550
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
6.1226
p-VALUE (log scale)
0.2939
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedconsistent with white noise
Ψ

Dickey-Fuller (τ_μ)

REJECT H₀***

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

STATISTIC
-4.2358
p-VALUE (log scale)
0.0009
α
10⁻⁴10⁻³10⁻²10⁻¹1
p < α · rejection zonestationary · mean-reverting (crit ≈ -2.86)
±

Wald-Wolfowitz runs

FAIL TO REJECTns

H₀: Sign sequence of Δ is random

STATISTIC
-0.2866
p-VALUE (log scale)
0.7744
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedsigns appear random (12 runs)
χ

KPSS (μ stationarity)

FAIL TO REJECTns

H₀: p IS level-stationary

STATISTIC
0.1068
p-VALUE (log scale)
0.5000
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedstationary not rejected (crit 0.463)
χ

Variance ratio q=3

FAIL TO REJECTns

H₀: Δln-r is a random walk · VR = 1

STATISTIC
-1.6245
p-VALUE (log scale)
0.1043
α
10⁻⁴10⁻³10⁻²10⁻¹1
p ≥ α · null retainedVR 0.506 ≈ 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=1.40e-5 · top T=3.43h (26.8%) · top-3 cover 72.7%BROADBAND · 4 CYCLEScumulative energy ↗ (4 bins above 2× noise)4.5e-53.4e-52.2e-51.1e-50.0e+0μ noise floor2× noise (significance)period 24.0 · power 1.76e-7 · 0.1% energyperiod 24.0 · power 1.76e-7 · 0.1% energyperiod 12.0 · power 1.19e-6 · 0.7% energyperiod 12.0 · power 1.19e-6 · 0.7% energyperiod 8.0 · power 1.70e-7 · 0.1% energyperiod 8.0 · power 1.70e-7 · 0.1% energyperiod 6.0 · power 4.38e-5 · 26.1% energyperiod 6.0 · power 4.38e-5 · 26.1% energyperiod 4.8 · power 6.12e-7 · 0.4% energyperiod 4.8 · power 6.12e-7 · 0.4% energyperiod 4.0 · power 2.87e-7 · 0.2% energyperiod 4.0 · power 2.87e-7 · 0.2% energyperiod 3.4 · power 4.50e-5 · 26.8% energyperiod 3.4 · power 4.50e-5 · 26.8% energyperiod 3.0 · power 2.94e-5 · 17.5% energyperiod 3.0 · power 2.94e-5 · 17.5% energyperiod 2.7 · power 4.45e-6 · 2.7% energyperiod 2.7 · power 4.45e-6 · 2.7% energyperiod 2.4 · power 6.14e-7 · 0.4% energyperiod 2.4 · power 6.14e-7 · 0.4% energyperiod 2.2 · power 3.34e-5 · 19.9% energyperiod 2.2 · power 3.34e-5 · 19.9% energyperiod 2.0 · power 8.90e-6 · 5.3% energyperiod 2.0 · power 8.90e-6 · 5.3% energy50% by T=3.4h#1 dominantT=3.43h#2T=6.00h#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 ≈ 3.43h (freq 0.292) · concentrates 26.8% of total energy · Σ|X̂|²/n = 1.680e-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 -2.31× · μ -0.000% · σ 0.02%
μ per barmean
-0.000%
σ per barvol
0.02%
Empirical f★argmax g(f)
0.00×
from observed distribution
Parametric f★μ/σ²
-2.31×
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%0.0×1.4×2.7×4.1×5.4×6.8×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 -4.69400 paths × 720 bars · leverage 0.10× · bootstrap from 4999 observed returns
Sharpe / barμ/σ
-0.002
annualized -4.69
μ per barafter L
-0.000%
σ per barafter L
0.00%
VaR 95%5%
0.00%
per-bar worst-case
CVaR 95%ES
0.00%
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 -36% · APY -35% · Sharpe -0.91σ ann 39% · Sortino -0.66 · n 4999
-109%-78%-47%-15%16%47%-35.9%APR (simple)-35.4%APY (compound)39.4%Ann. vol σ-91.1%Sharpe (ann)-65.5%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 = 1.000% · long-run σ = 2.236%
0.0590.0600.0610.0620.0630.064t-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 12:17:40 UTC
Snapshot age
2.8s
History points
25 hourly closes
Page rendered
2026-06-14 12:17:43 UTC
Storage policy
no persistence — fetched on every request
SHA-256 attestation
b50f3ece81a30c7094387d92eff155c3130176684cbc13d06b761c9fc21b6bd3 · 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
$2.49K
bid $900 · ask $1.59K
Depth within 50bp
$12.86K
bid $5.66K · ask $7.20K
Mid price
0.061578
(best bid + best ask) / 2
Spread
13.2bp
(bestAsk − bestBid) / mid
Imbalance (whole book)
-0.131
ask-heavy
Imbalance (top-5)
-0.144
ask-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-celo/slippage?size=10000&side=buy

SideNotionalAvg fillSlippageWorst fillLevelsStatus
BUY$1.00K0.0616196.73bp0.0616192FILLED
BUY$10.00K0.06182440.03bp0.06235110FILLED
BUY$100.00K0.063315282.21bp0.06616520PARTIAL
SELL$1.00K0.0615317.52bp0.0615044FILLED
SELL$10.00K0.06125452.50bp0.06057013FILLED
SELL$100.00K0.059944265.33bp0.05861320PARTIAL

Funding carry

▸ LONGS PAY · shorts receive
Hourly funding
+5.833e-6
0.00058% / hr
Annualised APR
5.113%
hourly · 24 · 365.25
Long: days to 1% carry
71.4d
longs pay
Short: days to 1% carry
71.4d
shorts receive
SideDirectionAnnualised carryDays → 1%Days → 10%
LONGPAY-5.113%71.4d1.96y
SHORTRECEIVE5.113%71.4d1.96y

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

Volume profile

▸ real volume · Hyperliquid candlesstep $ 1 · 25 records
Price binBarsVolumeDistribution
$0.000000–$1.0000★25$1.11M

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

Order flow

▸ ASK-LEAN · -0.095 · Hyperliquid candles
Bars (buy / sell)
10 / 14
1 unclassified
Buy weight
$486.52K
real volume
Sell weight
$588.72K
real volume
Net delta
$102.20K
sellers net
Imbalance
-9.51%
(buy − sell) / (buy + sell)
Toxicity (VPIN)
9.5%
two-sided / balanced
Impact (|Δp|/vol)
—
needs real volume

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

Cascade clusters

▸ DOWN · 4 found · deepest 0.87% · 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
#12026-06-13 23:00:00Z1.0h0.061812→0.0612760.867%2
#22026-06-13 17:00:00Z1.0h0.061766→0.0612740.797%2
#32026-06-14 11:00:00Z0ms0.061701→0.0613090.635%1

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

Risk metrics

▸ sovereign store · 5,000 barsperiods/year ≈ 5.26M
Realized vol (annualised)
39.40%
σ per bar = 0.000172
Mean return (annualised)
-35.88%
μ per bar = -0.000000
Sharpe (rf=0)
-0.91
annualised; risk-free assumed zero
Max drawdown
1.12%
peak 0.06 → trough 0.06 over 995 bars

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