Let the price move. Keep the funding.
Carryfield holds tokenized stocks on Elysium and shorts the same stocks on HyperCore. Price moves cancel out. The vault keeps the funding.
- Backtest, net a year
- 5.7%
- Worst drawdown
- 1.3%
- Deposit cap
- 50,000 USDC
The field
A year of funding, one grain per perp per week
Weekly funding on HIP-3 stock perps, from Hyperliquid's funding history.
How it works
Two legs, one harvest
- Long xStock Elysium
- $0
- Short perp HyperCore
- $0
- Price exposure
- $0
- Funding day 0 of 7
- +$0.00
Illustration: $10,000 on each side and funding at 15% a year, over one week. It leaves out trading costs and the small gap between the two prices.
The price cancels. For every dollar of a stock the vault holds on Elysium, it is short one dollar of the same stock's perp on HyperCore. When the stock rises, the long leg gains what the short leg loses. When it falls, the reverse.
The funding stays. Most of the time, traders who want to stay long on a perp pay funding to the shorts. That payment does not care which way the price went. That is the harvest.
Backtest
A year in the field
The default rules, run hour by hour on real funding.
Not a forecast.
The unknown
The spot cost decides it
Trading xStocks on Elysium has a cost nobody can measure until they trade there. The gate allows at most 0.5% per side. Pick a cost and see how much of the return survives.
5.7%net a year at 0.5% per side
Launch
Day one, on purpose
Spot costs on Elysium can only be measured once xStocks trade there. So the vault opens with the strategy locked: deposits wait as USDC until a live check passes.
- Deposits openYour USDC waits in the vault. Cancel any time, even while paused.
- Go/no-go gateLive spot cost at most 0.5% per side for a $15k trade, on three or more stocks.
- Strategy livePositions change at the weekly decision. Every decision is published in the keeper journal.
If the gate fails, the vault pauses and every deposit can be cancelled in full.
In the app
Risks
Before you deposit
- Audit status
- Two internal review passes, no third-party audit yet. That is why deposits are capped.
- You trust the keeper
- The keeper reports prices and the HyperCore account value. The vault bounds those reports, but the account key holder can move its margin.
- Restricted jurisdictions
- xStocks are not offered to US persons or residents of other restricted jurisdictions. If that is you, do not deposit.
- Slow exits
- Withdrawals settle once per epoch. A tripped guard holds settlement until it is resolved.
- You can lose money
- Funding can turn negative, the legs can drift apart, and every trade pays costs.
- Full details
- The app lists every risk with the live limits from the contract. Read them in the app.
Try it with test USDC.
The vault runs on Elysium testnet. Mint test USDC in the app, queue a deposit, cancel it, and watch how settlement works.