As of the latest market snapshot, the implied probability of "Yes" is 62.8%. This outcome resolves to Yes if Japan wins the Game.

HYPERLIQUID · HIP-3 PREDICTION MARKET · OUTCOME #448

Japan

Primary · Yes

62.8¢

Counter · No

37.2¢

▸ Advanced metrics · M2M bundle

hyperliquid · pred-japan-448 · fresh · feed 3s old

24h sparkline · 60 pts▼ —

realized vol (ann.)

68.61%

max drawdown

1.38%

sharpe

—

ulcer index

0.50%

RMS drawdown

pain index

0.48%

mean drawdown

mod. VaR 95%

0.00%

Cornish-Fisher

martin ratio

—

ret / ulcer

CDaR 95%

0.82%

cond. drawdown

gain/pain

1.17

Σgain / Σ|loss|

sterling

—

ret / CDaR

omega (θ=0)

1.17

upside/downside

roll spread

5.3 bps

implied (price-only)

bars used

2000

store

spread

—

24h Δ

—

flow lean

—

carry

flat

signalNEUTRALconfidence 20%

Same bundle via M2M API: /api/m2m/hl-pred-japan-448/bundle · venue execution: hyperliquid →

LIVEPOLL0SRCFRESH2.8s⏱--:--:-- UTCNEXT8.0sUP0s--:--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·

Yes mid · live

62.8¢

No mid · live

37.2¢

Yes · live 24h price

25 bars · close 63.04¢ · 24h -2.46%

Probability split · live

Σ 100.00% · fair

Σ-sides total = 100.00% (tight rounding)

H(p) entropy = 0.953 / 1.00 bits (95%) · max uncertainty (~50/50)

Yes

62.8%62.8¢1.59×▬ +0.00pp

37.2%37.2¢2.68×▬ +0.00pp

primary vs counter implied %

Volume · per-hour contracts · live

Σ 28374 · peak 10709

Live numerics · pulse on poll

LIVE NUMERICS8 metrics·POLL 0

⏱snapshot age

2.8s

▲Yes mid

62.753¢

▼No mid

37.246¢

ΣΣ sides

100.00%

Σarb gap |1 − Σ|

0.00pp

Δ24h candles

25 bars

Δ24h close

63.04¢

Δ24h change

-2.46%

§1 · 24h time-series

Mid price · Yes (25 hourly observations)

range [62.02¢, 64.79¢] · span 2.77pp · MA(5) latest 62.83¢

Candlestick · open / high / low / close per hour

25 bars · last close 63.04¢

Hourly traded contracts

Σ vol = 28374 · peak 10709 · mean 1135.0

§2 · Distribution of one-bar increments Δp = pₜ − pₜ₋₁

Histogram of Δp

n=24 · positive 10 · negative 7

Q-Q plot · standardised Δp vs N(0,1)

reference line = identity (perfect normality). Heavy upper-right tail = fat positive tail.

§3 · Sample moments (prices)

Descriptive statistics · 5-number summary · shape diagnostics

SAMPLE MOMENTS · N=25LEFT-SKEWED (G₁=-0.55)

μ MEAN63.83¢95% CI: [63.46¢, 64.20¢]

σ STD DEV0.94ppσ² = 0.880 · CV = 1.47%

med MEDIAN64.13¢Q₁ 63.00¢ · Q₃ 64.71¢

FIVE-NUMBER SUMMARY · BOX PLOTrange 2.77pp · IQR 1.71pp (1.349σ→1.27pp)

SKEWNESS · G₁-0.546left-skewed

−3−10+1+3

EXCESS KURTOSIS · G₂-1.216platykurtic · thin tails

−30+2+4+6

μ ↔ medianμ < med · left-tailed|μ−med| / σ = 0.32

σ × 1.349 ↔ IQRdiverges from normalratio = 0.74

range ↔ σconcentrated (range < 4σ)range / σ = 2.95

μ = mean · σ = standard deviation · CV = coefficient of variation · skew (G₁): >0 right-tail · kurt (G₂, excess): >0 leptokurtic. 95% CI uses 1.96·SE around μ. σ × 1.349 ≈ IQR under normality.

§6 · Time-series structure

Regime & autocorrelation diagnostics

TIME-SERIES STRUCTUREREGIME: TRENDING · variance ratio > 1

ρ(1) AUTOCORR+0.024within white-noise band

ρ(2) AUTOCORR+0.262lag-2 not significant

H · HURST EXPONENT0.809strongly persistent

OLS TREND · t-STAT-8.499significant @ α=0.05

HURST EXPONENT [0, 1]strongly persistent · H = 0.809

H = 0.809STRONGLY 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

OLS TREND · t-STAT · [-5, +5]SIGNIFICANT @ 1% (|t|=8.50)

−5 reject−1.960 retain H₀+1.96+5 reject

REGIME CLASSIFICATIONTRENDING · variance ratio > 1from Hurst + ρ(1) joint diagnosis

PREDICTABILITY · score 0.64very high · strong structure|ρ(1)| + 2·|H − 0.5| heuristic

TREND SIGNIFICANCESIGNIFICANT @ 1% (|t|=8.50)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.

§7 · Microstructure

Market quality · two-sided pricing · activity

MICROSTRUCTURE · MARKET QUALITYPERFECT · ARB-FREE Σ=100.00%

OUTCOME ID#448

SLUGjapan-448

QUOTE TOKENUSDC

TWO-SIDED PRICINGFAVOURS YES (63¢)

PRIMARY · YES62.75¢implied prob 62.75% · decimal odds 1.59×

COUNTER · NO37.25¢implied prob 37.25% · decimal odds 2.68×

62.75¢

37.25¢

Σ-SIDES ARBITRAGE TESTPERFECT · ARB-FREE Σ=100.00%

0%50%100% · target110%

Σ = 100.00% · |1 − Σ| = 0.000pp

24H ACTIVITY · LIQUIDITYACTIVE

24H VOLUME28.37k contracts

MARKET QUALITYPERFECT · ARB-FREE Σ=100.00%|1−Σ| ≤ 0.5pp ⇒ fair · > 2pp ⇒ inefficient

PRICING SKEWFAVOURS YES (63¢)|primary − counter| = 0.255 · entropy 0.953 bits

LIQUIDITY DEPTHACTIVE100k+ deep · 10k+ active · 1k+ modest · 100+ thin

Σ-sides = primary + counter implied probabilities. Perfect arb-free Σ = 100%. |1−Σ| > 2pp suggests synthetic outright arbitrage.

§8 · Position sizing & edge analysis

Yes vs No · Kelly · entropy · arbitrage

FAIR MARKET · no edge

Probability scale (Yes)

0%25%50%
fair75%100%

Implied decimal odds

Yes1.59×(63¢)No2.68×(37¢)

Kelly bet-size (% of bankroll) K* = 0.00%

K* full

0.00%

½K half

0.00%

¼K quarter

0.00%

Entropy H(p̂) = 0.953 bits (95% of max) · maximum uncertainty (~50/50)

0 (certain)0.250.50.751.00 (max)

Σ-sides = 100.00% · |1 − Σ| = 0.00pp · tight cross-venue rounding

K* full = (b·p − q)/b where b = (1−p̂)/p̂ are the net odds implied by p̂. ½K and ¼K are industry-standard conservative fractions.

§9 · Resolution criteria

This outcome resolves to Yes if Japan wins the Game.

§10 · Hourly return heatmap

24-hour signed Δp grid · green = up · red = down

10 up bars · 7 down · best 0.41% · worst -1.05% · typical |Δ| 0.164%

§11 · Equity curve & underwater drawdown

Cumulative compounded return + running peak-to-trough

final equity 0.9841 (-1.59%) · max DD -2.74% · time-under-water 19/25 bars

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

Rolling annualised Sharpe ratio · green positive · red negative

latest 103.353 · range [-63.94, 103.35] · μ -15.107 · positive Sharpe = excess-return-per-risk earned by buying-and-holding through this window

Rolling annualised volatility (%)

FAIL TO REJECTns

H₀: Δp is a random walk · VR = 1

STATISTIC

0.9936

p-VALUE (log scale)

0.3204

10⁻⁴10⁻³10⁻²10⁻¹1

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).

§14 · Spectral analysis (DFT periodogram)

Power spectrum of Δp · ‖X̂(k)‖²/n

dominant period ≈ 8.00h (freq 0.125) · concentrates 21.1% of total energy · Σ|X̂|²/n = 1.319e-4

▸ Depth section using sovereign-store price series (4512 bars · effective 5255221 bars/year) — annualisation reflects native polling cadence, not upstream timeframes.

§15 · Honest position analytics

A binary-market analytics module framed in horizon time (days to resolution, not annualised). Estimators that need a model probability q as a first-class input (Kelly, KL divergence, Bayesian posterior, Mark-to-Market MC) only render when q is provided externally. Sweep an exploratory q at the interactive simulator →

§16 · Horizon returns

Returns · per bar / per day / per horizon

Horizon 7.0 d · σ/bar 0.543pp · expected |Δp| over horizon 7.03ppterminal variance p(1−p) = 0.2337 · n = 4512✓ n = 4512

μ per bar

+0.003pp

average Δp · drift

σ per bar

0.543pp

one-bar volatility · logit-free

Per-day movedaily

2.66pp

σ × √24

Per-horizon move7d

7.03pp

σ × √168

Terminal variancebinary

0.2337

p(1−p) at resolution

Current pricep

62.8¢

latest snapshot

Note: annualised Sharpe/Sortino are omitted — they are not meaningful for a bounded fixed-horizon binary contract that snaps to {0, 1} at resolution.

Annualised metrics are intentionally omitted — they don't apply to bounded probability series that resolve at a fixed date.

§17 · Tail risk

VaR · ES · max drawdown

VaR₉₅ 0.89pp · ES₉₅ 1.12pp · method parametric · drift-correcteddrift +0.003pp/bar · quantised: yes · median step 0.00pp · unique ratio 0.03✓ n = 4512

VaR 95%

0.89pp

1.645·σ (parametric) of Δp

ES 95%

1.12pp

mean of the tail

Max drawdown

37.0pp

peak 50.0¢ → trough 31.5¢

Median step

0.00pp

price bucket granularity

Price series is bucketed (cent grid). Empirical quantiles collapse to grid points — parametric N(0, σ²) used instead.

Empirical quantiles unless the price series is bucketed (PM cent grid), in which case parametric N(0, σ²) is used to avoid grid collapse.

§18 · Odds conversion

Odds conversion · every dialect a bettor thinks in

Implied probabilityP

62.8%

= price

Decimal oddsEU

1.594

total return per $1

AmericanUS

-168

risk $168 to win $100

FractionalUK

0.59 / 1

profit per $1 risked

Profit per $100stake

+$59.35

clean dollar framing

underdog (+)favorite (-)your price

Price → implied probability → decimal odds → American moneyline → fractional. Five views of the same number, plus the moneyline curve.

§19 · Binary entropy

Binary entropy · uncertainty as bits of information

Market entropyH(p)

0.953 bit

max 1.0 at p = 0.5

Your entropyH(q)

0.953 bit

Δ +0.000 bit vs market

Surprise · YES−log₂ p

0.67 bit

self-information

Surprise · NO−log₂(1−p)

1.42 bit

self-information

Market entropy only — model entropy requires an external q.

§20 · Model-dependent surfaces

§ Edge / Kelly / KL · no model probability provided

External model required

The position-economics, Kelly, KL-divergence, Bayesian and Monte-Carlo surfaces require a model probability q as input — a number independent of the market price p.

The previous build defaulted q to a tape-momentum heuristic derived from p; that produces apparent edge that is structurally guaranteed to be small and is not a useful skill signal. The auto-derived path has been removed.

To explore these surfaces with a hypothetical q, open the interactive simulator and drag the MODEL P(YES) slider. To wire a real model, POST to the NOSTRADAMUS hook (TBD) or pass ?q=… on the simulator URL.

§∞ · Provenance & attestation

Upstream: https://hyperliquid.xyz
Snapshot fetched: 2026-06-20 11:42:57 UTC
Snapshot age: 2.8s
Page rendered: 2026-06-20 11:43:01 UTC
History points: 25 closes · 25 counter-side closes
Storage policy: no persistence — fetched on every request
SHA-256 attestation: 456e9246a30a44ec81099ab16caa12557ca171a3536bf39cf02bd05dc5c0c206 · deterministic hash of source snapshot
Open data licence: CC0 / public domain

§∞-2 · Related markets · explore more

HL PREDSpain88.5¢HL PREDEcuador86.5¢HL PREDBelgium67.7¢POLYMARKETWill USA win the 2026 FIFA World Cup?3¢POLYMARKET Iran agrees to end enrichment of uranium by June 30?6¢POLYMARKETWill Egypt win the 2026 FIFA World Cup?0¢HL PERPBTC-USD perpetual$63,693 HL PERPHYPE-USD perpetual$70.85 HL PERPETH-USD perpetual$1,727.4

Also see: /arb opportunities · RSS feed

Risk metrics

▸ sovereign store · 4,512 barsperiods/year ≈ 5.26M

Realized vol (annualised)

2703.51%

σ per bar = 0.011793

Mean return (annualised)

26467.32%

μ per bar = 0.000050

Sharpe (rf=0)

9.79

annualised; risk-free assumed zero

Max drawdown

37.00%

peak 0.50 → trough 0.32 over 116 bars

/api/asset/hl-pred-japan-448/risk · same metrics, JSON