Anthropic has no public stock price, Entropy is making one
Anthropic has no public stock price. Entropy launched the io:ANTH perp on Hyperliquid to make one. Week-one order book data, recorded at one-second resolution by 0xArchive.
Research
Original studies built from market history.
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.
Regime Mixing in Perpetual Futures Signals
The pooled funding-divergence result hid a state-dependent pattern. Conditioning on observed open-interest and price quadrants changed the signal's meaning.
Funding Rates as a Positioning Signal
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.
Who Is Trading on HIP-3? The Data Stack Behind Arrakis's 175,703-Wallet Map
Arrakis published a HIP-3 participant map covering seven markets, 175,703 wallets, and 808M order events.