Learn / strategies / funding-carry
Funding carry
Harvest persistent funding differentials across books or against spot/basis hedges, with inventory and liquidation risk caps.
Regimes
Works when one-sided leverage persists; fails when funding flips or liquidity gaps on the hedge leg.
Known failure modes
Oracle/book divergence, inventory blowups, and capacity when everyone runs the same harvest.
Hyperliquid notes
Map lookbacks and costs to perp funding, HIP-3 book microstructure, and vault copyability when implementing on-chain. Evidence panels and sandbox deep links publish with the content system.
Data pipeline not live yet
- F-LN-2 sandbox deep links
- F-LN-3 algorithm cross-links