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BTC Carry Collector
BTC funding capture on Hyperliquid, the deepest book in the scan, guard set at the zero line.
Modeled APY−0.7%net of venue costs and the 20% compute fee
TVL$0$41.3K seeded
Share value0.00001.0000 at inception
Depositors1since inception
Capacity$209K$167K left
Capacity usedlimited by the depth of the BTC perp book at Hyperliquid
20%
$41.3K deposited$209K total capacity
Overview
BTC Carry Collector collects funding on BTC-USD at Hyperliquid. The basis engine holds spot long against a perp short at equal notional, and margin rules keep the short funded. Earned yield is swept back into the position on a 24h cadence.
All figures on this page are modeled from the vault's published parameters.
Vault configuration
CuratorMrkt Neutral Co
CreatedJan 20, 2026
VenueHyperliquid
ChainHyperliquid L1
Strategy classFunding-rate carry
ModulesPerp marketBasis engineFunding guardAuto-compound
VerificationOperator quorum (WAVS), every action co-signed · modeled
Automations
Hyperliquid · BTC perp
In shadowDynamic hedge
Keeps net delta at zero and the short funded.
−0.00%net delta · target 0 · inside the bandlive
−0.5%0+0.5%
Margin · keeps the short funded
Margin is below13%→Trim short, restore to 28%
Funding below−5.00% for 3 periods→Exit the venue
Cadence · every 5 minShort leverage · 3.00xMargin reserve · 15%Margin now · 18.1%Last check · 2 min ago
BTC-USD · What defeats the reaction
What would have to break
Every row is a mechanism and the clock it runs against. Nothing here is a probability.
- Automations compile in shadownot armed→nothing acts yet
Faster than we act
- Refilling the BTC short's marginThe reserve holds that share of the short. Then someone has to act.15%→margin 13% → 28% · every 5 min
- Unwinding BTC-USD at the capThe exit crosses the BTC perp book at Hyperliquid.$209K→margin 13% → 28% · every 5 min
Acts and still loses
- The BTC short that collects the fundingOn Hyperliquid, that leg can be closed against you.33.3%
- Hyperliquid freezing the BTC bookA frozen book stops the exit, not the position.structural
Takes the yield, not the capital
- Funding on BTC turning negativeThe guard closes the short after 3 periods under it. The carry stops with it.−5.0%
2 things this vault does not measure
- The funding print behind BTC-USDThe record was priced from one read of the venue table. The rate at open is not the rate you are reading.not measured
- Oracle, bridge, stablecoin and RPC healthNot watched by this vault. Their state never crosses into BTC-USD.not measured
Also installed
Funding guardCloses the short and parks in spot when funding sits under the published floor.
Auto-compoundInstalled on a 24h cadence. No harvest is modeled at this vault's modeled APY.
Envelope, bands and thresholds are the vault's published parameters.
Performance
Share value, modeled
0.9970Deterministic model from inception at the vault's modeled APY. 1.0000 at inception.
Returns
Since inception 220d−0.30%
7d return modeled+0.33%
30d change modeled−0.02%
Parameters
MarketBTC-USD
VenueHyperliquid
Guard window24h under the floor
Hedge leverage3.00x
Margin reserve15% of short notional
Hedge coinBTC perp
Funding floor−5.0% APR
Harvest threshold$155
Compound cadence24h
Capacity$209K
Capacity bindinglimited by the depth of the BTC perp book at Hyperliquid
Funding guardfloor −5.0%, 3 periods under it
Delta band±0.5%
Main riskFunding turns negative. The carry pays only while longs fund the short; after 3 periods under −5.0% the guard closes the short and parks in spot.
Margin rule13% → 28%
Remaining capacity$167K
Min deposit$50
Compute fee20% of yield, at harvest
Settlement fee2% of each deposit
Management feenone on idle capital
Withdrawal feenone on principal
Composed modules
Perp marketPins the perp venue and market the basis position runs on.
Basis engineHolds spot long against a perp short at equal notional, and collects the funding.
Funding guardCloses the short and parks in spot when funding sits under the published floor.
Auto-compoundSweeps collected funding back into the carry once it clears the harvest threshold.
Activity
| Action | Detail | Time |
|---|---|---|
| Hedge trimmedmodeled | margin restored to 28% | 5d ago |
| Hedge trimmedmodeled | margin restored to 28% | 10d ago |
| Hedge trimmedmodeled | margin restored to 28% | 15d ago |
| Vault published | by Mrkt Neutral Co · $41.3K seeded | Jan 20, 2026 |