Every coin on Hyperliquid moves with — and against — every other. Each day we test all of them and publish the pairs that hold, with the bands, the live z-score, and the measured cost of every fill.
178 coins tested today · 189 pairs passed today's tests · fill costs published
Lesson one: everything is relative.
Every chart you've ever used drew one coin, alone, against time — half the story. This terminal starts from the relationships: statistical arbitrage you can audit. Every day a full statistical pipeline screens Hyperliquid's perp universe for mean-reverting pairs with a stable long-run relationship — cointegration gates, not chart patterns. Eligible pairs publish with their fitted hedge ratio, mean, σ and band levels locked for the day, so every live z-score on the terminal has a fixed, stated reference. Positions lock their recipe at entry and are priced on it until exit — a refit never moves your goalposts.
You can watch every market on Hyperliquid here — every coin, HIP-3 builder markets included, HIP-4 when the venue ships it. Pairs are a stricter club: only coins with a full year of history qualify — 365 days on the tape, or a coin can't sit the exam — and the eligible universe grows as listings age in. The screening gates, refit cadence and exit logic are documented at practitioner depth — and public.
CFX · USUAL, 4h-sampled spread. Bands locked at today's fit — entry ±2.20σ, stop past 6.5σ — and the live z-score, +2.53σ, read against them. Nothing here is a prediction: it is a measured distance from a stated mean.
Lesson two: a fill has a price. Know it.
Orders built here are measured here. Thirteen execution algos have live engines today — TWAP, TWAP+, VWAP, POV, Iceberg, Chase, Scale, Bracket, Stop/Take, Adaptive Market, Now, and the pair-native PairGlide and Autospreader. Each works orders you arm through an order-only agent your wallet approves on Hyperliquid itself; the engine monitors and forwards, it never decides. Different algos take different paths to the fill — patient maker, worked slices, quiet size — and every parent order is journaled against its benchmark: realized fills against arrival, maker share, nothing cherry-picked. The measurements are published live. Ask any terminal for this number.
Working size? The engine works it server-side, clip by clip — nothing rests on the book between clips — and shows you what it cost.
One parent order, opened: two resting clips, both filled — +8.9 bps against arrival. It sits in the journal beside every other parent, the ugly numbers included.
Lesson three: read the whole market.
One venue, all of the math. Live perpetual futures analytics — markets, funding and liquidations for every perp on Hyperliquid, read straight from the venue's public API and WebSocket feeds — plus an hourly funding and candle archive of our own, and a liquidations record we haven't found elsewhere. The terminal surfaces the order flow, band levels, and book depth the venue's own interface doesn't show, and gives you a passive window into your own Hyperliquid account. Every panel names its source and cadence, and stale data is labeled stale — never dressed up as live.
NVDA — a HIP-3 stock perpetual, first-class on the terminal: live book, tape, funding and an all-in cost estimate, one of 159 markets on the rail. Visible from day one; pairs eligibility is earned at 365 days.
The tape, read for you — prints clustered into sweeps, blocks and icebergs as they land. Derived and heuristic — and labeled as exactly that.
We show our work.
pairpetuals.com is a data, analysis, and order-construction terminal — the slow desk on the fastest venue. The method is mechanical and patient by design: statistics refit and locked once a day, orders worked by engines with stops and timeouts, every parent order journaled against its benchmark, the measurements published. The terminal acts only on orders you have armed: it builds them from your parameters, your wallet authorizes them, and Hyperliquid executes them. Matching, settlement and custody all occur on the Hyperliquid protocol — the terminal never holds funds and never sees wallet keys. The agent your wallet approves can only place orders; it cannot withdraw or transfer, expires on its own, and is revocable at any time. And the line that earns the rest: the pair outputs are statistics, not advice — mean reversion is a tendency, not a law, and pairs can and do break. Stops, timeouts and position caps exist for exactly that reason.
FAQ
Is this financial advice?
No. Everything on the terminal is a statistic derived from historical and live market data. Pairs can and do break; stops and timeouts exist because mean reversion is a tendency, not a law.
Where do the pair statistics come from?
Pairs are screened and fitted daily by a statistical pipeline that tests for a stable long-run relationship between coin pairs, then publishes the eligible ones with their fitted parameters and band levels. The terminal consumes that daily solve and computes live z-scores against it in the browser.
Can the terminal see every market on Hyperliquid?
Yes — every coin, HIP-3 builder markets included, with HIP-4 to follow when the venue ships it. Pairs are a stricter club: only coins with a full year of trading history qualify for the daily pair screen, so the eligible universe grows as listings age in. A young market is fully visible here from day one — it just hasn't done the time yet.
Does the terminal trade for me?
The engine works orders you arm — it never decides to trade. Thirteen execution algos have live engines today, from TWAP, VWAP and Iceberg to the pair-native PairGlide and Autospreader. Arming requires a connected wallet that has signed in and enabled trading — an order-only agent your wallet approves on Hyperliquid itself — and every armed order's fee is disclosed on the ticket before you sign anything.
Do you hold my funds?
Never. pairpetuals.com is a data and analysis terminal: it constructs orders, your wallet authorizes them, and Hyperliquid executes them. Matching, execution, settlement, and custody all occur on the Hyperliquid protocol — we never hold funds and never see wallet keys. The agent your wallet approves can only place orders; it cannot withdraw or transfer, expires on its own, and is revocable at any time.
Can I run the terminal myself?
A desktop app is coming — the same terminal, running on your own machine, with orders signed locally so your keys stay with you and never touch our servers. There's no download yet: the Desktop button above opens the waitlist, and we'll email you when it's live.
What does it cost?
A small construction fee when the terminal builds your order — the rate is shown on the ticket before you commit, and it is rebated automatically if the order never fills. Every account starts with a USD 20 construction credit. Accrued construction fees are collected through the transitional builder rail inside the 0.04% cap your own wallet signs — one fee, accrued once at construction, collected once, never twice. No success fees, no subscriptions, no hidden charges.
Why do the numbers change once a day?
By design. The statistics (β, μ, σ, bands) are refit and locked daily so that every live reading has a fixed, stated reference.
Can a z-score be extreme, like ±8σ?
Yes — a genuinely blown-out spread reads exactly that way. The daily screen filters on statistical eligibility, not on the current z level, so pairs can appear already deep past their bands.
Why can't I connect my wallet?
Wallet connection isn't offered in some regions — the connect window names the detected country when that applies. Everything else stays open: live markets, pairs, wallet lookups, and the docs all work without connecting.
