Another one down.💰💰💰
More than $50M has been traded so far in less than 48 hours.
Rewards per $ in volume keep increasing.
Choose any strategy and join the leaderboard today:
https://t.co/PG4i3Ft3jT
just typical quant life things (new arb engine, almost 20% over last 2 weeks):
- new error path found every 2-3 days: every step down is an investment into a more robust engine
- can wake up to +5% or -5% every day
- completely delta-neutral
- blue is total profit (green line+funding), green is profit from arbs, red is fees
- will be the basis of upcoming vault (think Q1)
- still 1000%+ in APY even on $200k capital
- you don't need niche venues: 50% of volume is on hyperliquid
- opportunities everywhere if you look
Top tier prize pool of $25,000 for week 1 has just been unlocked.✅
Ahead of schedule and still the entire weekend to go to collect more rewards.
https://t.co/cpr9iTvMfS
$125,000,000 trading volume in just 3 days.
We are only at half-time for week 1 of our trading competition with Ondo Perps.
But we are almost already at the fully unlocked week 1 prize pool of $25,000.
Remember, the entire competition lasts for 6 weeks, with total prize pool of up $150,000.
You can now track your position on the official leaderboard:
https://t.co/gEBNeUSK4G
$280K in weekly rewards are just the start.
There’s multiple ways to earn rewards by trading.
Alongside two Ondo Perps campaigns, other apps are running competitions for Ondo Perps traders:
▸ Planemo Trading Competition (Ends 21 Dec)
@PlanemoTrading is running a six-week trading competition for users who trade on Ondo Perps via Planemo. Rewards of up to $150,000 will be shared in proportion to each trader’s volume.
▸ New Trader Rewards (Ends 9 Dec)
If you’re new to Ondo Perps and haven’t placed a trade yet, simply fund your wallet and start trading to unlock up to 1,111 USDC across six tiers.
▸ USDC Rewards This Week (Ends 16 Nov)
This week’s USDC rewards are boosted to 280K USDC across three pools: liquidity, volume and open interest. You earn by placing limit orders near the market price, trading any perps market or simply holding open positions.
Details ↓
$125,000,000 trading volume in just 3 days.
We are only at half-time for week 1 of our trading competition with Ondo Perps.
But we are almost already at the fully unlocked week 1 prize pool of $25,000.
Remember, the entire competition lasts for 6 weeks, with total prize pool of up $150,000.
You can now track your position on the official leaderboard:
https://t.co/gEBNeUSK4G
$125,000,000 trading volume in just 3 days.
We are only at half-time for week 1 of our trading competition with Ondo Perps.
But we are almost already at the fully unlocked week 1 prize pool of $25,000.
Remember, the entire competition lasts for 6 weeks, with total prize pool of up $150,000.
You can now track your position on the official leaderboard:
https://t.co/gEBNeUSK4G
$125,000,000 trading volume in just 3 days.
We are only at half-time for week 1 of our trading competition with Ondo Perps.
But we are almost already at the fully unlocked week 1 prize pool of $25,000.
Remember, the entire competition lasts for 6 weeks, with total prize pool of up $150,000.
You can now track your position on the official leaderboard:
https://t.co/gEBNeUSK4G
$125,000,000 trading volume in just 3 days.
We are only at half-time for week 1 of our trading competition with Ondo Perps.
But we are almost already at the fully unlocked week 1 prize pool of $25,000.
Remember, the entire competition lasts for 6 weeks, with total prize pool of up $150,000.
You can now track your position on the official leaderboard:
https://t.co/gEBNeUSK4G
just typical quant life things (new arb engine, almost 20% over last 2 weeks):
- new error path found every 2-3 days: every step down is an investment into a more robust engine
- can wake up to +5% or -5% every day
- completely delta-neutral
- blue is total profit (green line+funding), green is profit from arbs, red is fees
- will be the basis of upcoming vault (think Q1)
- still 1000%+ in APY even on $200k capital
- you don't need niche venues: 50% of volume is on hyperliquid
- opportunities everywhere if you look
$125,000,000 trading volume in just 3 days.
We are only at half-time for week 1 of our trading competition with Ondo Perps.
But we are almost already at the fully unlocked week 1 prize pool of $25,000.
Remember, the entire competition lasts for 6 weeks, with total prize pool of up $150,000.
You can now track your position on the official leaderboard:
https://t.co/gEBNeUSK4G
There is a reason that we @PlanemoTrading are responsible for almost 50% of all builder revenue generated on Extended ($280k out of $600k total for the exchange).
The majority of our strategies are based on taker flow, so each order is taxed with 2.5 bps in fees that flows to the exchange, compared to 0 costs from maker orders.
Our main Surge algos are based on orderbook imbalances, and only execute trades when it's highly likely that the price moves into the beneficial direction. On average, a trading profit is created which offsets partly the trading fees.
Extended usually rewards taker volume with 3-4x the amount of points compared to maker volume.
That's why -- if you want to farm at scale and be efficient -- there is no better strategy than to farm Extended with our Surge Pro algo.
On a pure CPM basis, there might be some maker strategies out there that are cheaper, but you also only get 20-25% of the points compared to our taker flow, making our Surge strategy the overall dominant one if you want to farm points.
You can even farm with a positive PnL (also with us, via our delta-neutral strategies), but volume is highly limited, aka points will be limited too.
We have had several users go from 0 to 50,000+ points within the last few weeks via Surge Pro.
So, TLDR: If you are bullish Extended, and think it launches above $150M (most forecasts assume $150M means that 1 point = $1), you should give our Surge algos a try before TGE.
P.S. Taker strategies also earn full volume points in the current "Final Arc" competition, whereas maker order volume is punished with a 90% points penalty.
This alpha is still alive right now and can be executed just by clicking buttons on Hyperliquid.
NFA and there is no free money in perps and everything carries risk.
We've been busy this morning.
Across 313 spot pairs and 526 perp listings, there is currently only one basis trade executable on HL.
ethereum:0x31eea0edeb85b0cb65c1400bd2f4e487fd61b537's perp listing has been trading up to 2.5% higher than its spot equivalent over the last few hours, and we have been busy building a position here.
While surely only temporary, shorting the perp currently pays 2% daily in funding on top.
We are happy with the accumulated position for now, so sharing this here for everyone.
Biggest risk is a liquidation wick on the perps side, so make sure you keep an eye on things and know what you are doing.
We'll have this trade across many exchanges and fully automated soon on @PlanemoTrading.
How hard are you willing to work?
While the majority on Twitter just posts about $XTEN being listed as a pre-market perp, those who are willing to look find opportunities to make money from the orderbooks.
There have been plenty of simple arbitrage opportunities between @Lighter_xyz and @tradexyz (+Aster and Imperial too).
You basically got a full 24 hours to click-trade and realize a 3-5% spread across exchanges.
Limit order on XYZ, once filled, smash market order on Lighter (free account). Boom! You locked in 30+ bps.
Once every two hours or so, spreads converged and you could exit and start the game from new (don't have to wait for token launch for reversal).
For the last 2 hours, things have become much more difficult and the spread barely covers fees now (and any previously opened position can easily be closed at a profit now).
Automated cross-exchange price arb like this will be part of our new platform launching this Q4.
Follow-up regarding the performance of our basis trade / funding capture strategy on Hyperliquid:
This user account started with a USDC deposit of $7,000 which has grown to $7,235 within a month.
This means month 1 returns were 3.36%, which is around a 50% APY.
The PnL split is around 50/50 between funding payments and profits realized from price spreads.
Mark-to-market PnL below shows a few bumps, but those are just temporary price drifts of mark prices.
PnL by realized net profit is a straight line up to the right.
Opportunities (extreme funding opportunities and price spreads between spot and perp) should only increase with time and the continued growth of Hyperliquid.