← All vaults
HYPE Funding Harvest
HYPE basis on Hyperliquid, the richest funding print in the scan, swept back in every six hours.
Modeled APY6.3%net of venue costs and the 20% compute fee
TVL$0$1.8K seeded
Share value0.00001.0000 at inception
Depositors1since inception
Capacity$11.6K$9.8K left
Capacity usedlimited by the depth of the HYPE perp book at Hyperliquid
16%
$1.8K deposited$11.6K total capacity
Overview
HYPE Funding Harvest collects funding on HYPE-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 6h cadence.
All figures on this page are modeled from the vault's published parameters.
Vault configuration
CuratorVelvet Quant
CreatedJun 30, 2026
VenueHyperliquid
ChainHyperliquid L1
Strategy classFunding-rate carry
ModulesPerp marketBasis engineFunding guardAuto-compound
VerificationOperator quorum (WAVS), every action co-signed · modeled
Automations
Hyperliquid · HYPE perp
In shadowDynamic hedge
Keeps net delta at zero and the short funded.
+0.02%net delta · target 0 · inside the bandlive
−0.5%0+0.5%
Margin · keeps the short funded
Margin is below6.5%→Trim short, restore to 23%
Funding below−5.00% for 3 periods→Exit the venue
Cadence · every 5 minShort leverage · 3.00xMargin reserve · 15%Margin now · 11.6%Last check · 4 min ago
Hyperliquid · Compounding
In shadowAuto-compound
Sweeps earned yield back into the position once it clears the threshold.
Accrued since last compound$0.00
$0$0.08 accrues per 6h check · clears $155.00 in 1902 checks
At the 6h check, accrued at least$155.00→Harvest and re-supply
Cadence · 6hLast compound · 60d agoNext check · in 3h
HYPE-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 HYPE short's marginThe reserve holds that share of the short. Then someone has to act.15%→margin 6.5% → 23% · every 5 min
- Unwinding HYPE-USD at the capThe exit crosses the HYPE perp book at Hyperliquid.$11.6K→margin 6.5% → 23% · every 5 min
Acts and still loses
- The HYPE short that collects the fundingOn Hyperliquid, that leg can be closed against you.33.3%
- Hyperliquid freezing the HYPE bookA frozen book stops the exit, not the position.structural
Takes the yield, not the capital
- Funding on HYPE 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 HYPE-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 HYPE-USD.not measured
Also installed
Funding guardCloses the short and parks in spot when funding sits under the published floor.
Envelope, bands and thresholds are the vault's published parameters.
Performance
Share value, modeled
1.0121Deterministic model from inception at the vault's modeled APY. 1.0000 at inception.
Returns
Since inception 59d+1.21%
7d return modeled+0.14%
30d return modeled+0.52%
Parameters
MarketHYPE-USD
VenueHyperliquid
Guard window24h under the floor
Hedge leverage3.00x
Margin reserve15% of short notional
Margin rule6.5% → 23%
Hedge coinHYPE perp
Funding floor−5.0% APR
Harvest threshold$155
Compound cadence6h
Capacity$11.6K
Capacity bindinglimited by the depth of the HYPE 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.
Remaining capacity$9.8K
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 23% | 4d ago |
| Hedge trimmedmodeled | margin restored to 23% | 8d ago |
| Hedge trimmedmodeled | margin restored to 23% | 12d ago |
| Vault published | by Velvet Quant · $1.8K seeded | 60d ago |