
The Squeeze Signal Survived Five Chronological Tests
A corrected, costed event strategy finished positive in five chronological test blocks, with hourly funding settlement and causal execution timing included.
Original studies built from market history.

A corrected, costed event strategy finished positive in five chronological test blocks, with hourly funding settlement and causal execution timing included.

The pooled funding-divergence result hid a state-dependent pattern. Conditioning on observed open-interest and price quadrants changed the signal's meaning.

Across ten Hyperliquid markets, the funding-adjusted return was a weak standalone mean-reversion signal but a useful map of positioning, carry, and settled funding.

Arrakis published a HIP-3 participant map covering seven markets, 175,703 wallets, and 808M order events.