Hyperliquid USDC HYPE Delta Neutral Vault

https://app.harmonix.fi/vaults/hype-delta-neutral-v1

Strategy

- Deposit Stablecoins: Users deposit USDC into the vault.

- Position Allocation: 50% spot $HYPE : 50% shorts $HYPE on perps (1x leverage).

- Delta Neutral Exposure: Earn HyperliquidX funding rates without relying on price movements.

Rewards

- Earnings: Funding rate yields + Harmonix Points.

Risks & Costs:

To help users better understand the risks and costs associated with the vault, we’ve outlined the following:

• Deposit Costs:

  • Trading Fees: 0.03% per transaction on Hyperliquid. For both spot and perp trades: 0.03% x 2 = 0.06% trading fees.

  • Estimated Slippage: 0.02%.

  • Total Costs: 0.08% per deposit.

  Ensure you stay in the vault long enough to let funding rate earnings cover these fees before withdrawing.

• Spread Risk: The spread is the price difference between spot and perpetual futures. It can impact your PnL when closing positions:

  • Profit Scenario:

    • Entry: Short $HYPE at $26.20 (futures) vs. $26 (spot).

    • Exit: Spot remains $26, futures drop to $25.80 (spread narrows).

    • Outcome: Spread profit = +$0.40 per $HYPE.

  • Loss Scenario:

    • Entry: Short $HYPE at $26.20 vs. $26 (spot).

    • Exit: Spot rises to $28, futures at $28.50 (spread widens).

    • Outcome: Spread loss = -$0.30 per $HYPE.

    Positive funding rates can offset losses, but not always entirely. Therefore, ensure you stay in the vault long enough to let funding rate earnings cover these fees before withdrawing.

Track Performance: https://app.harmonix.fi/dashboards/ba33d0f9-aa1f-4b59-af87-d0751ccb4dd3