quantitative algorithmic trading platform for perpetual futures. alpha live on hyperliquid (hip3), nado, extended, grvt & lighter.
Joined January 2023
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- Following 24
- Followers 5,338
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Apr 17
We at @PlanemoTrading were among the first 15 users to implement priority fees on @HyperliquidX for internal testing and are a top10 wallet by fees spent so far.
From our own tests across 1,000 transactions, we can see that this update serves effectively as a speedbump for IOC orders on HIP3.
Our latency increased by roughly the 8x45ms that is outlined in the docs as maximum possible speed increase.
It would be interesting to analyze the current user base of priority fees to find out what strategies are being run that justify implementation.
The docs mention the reasoning behind priority fees is to prevent the escalation of an arms race of ultra-fast market makers.
We are not ultra-fast nor a market maker.
We so far don't see the value of paying 8bps extra just to get the speed we got "for free" a week ago.
Our strategy does not necessarily benefit from being faster than other takers, but it certainly hurts performance if we are slower while order cancel/refresh stays the same as pre-update.
So looks like some strategies could end up as collateral damage here as an unintended (?) side effect.
Apr 17
Priority fees update.
Live on mainnet for 4 days now. Here's what the data shows.
Last 24h:
Total priority gas burned: 50.41 HYPE
Fills with priority: 267,323
Annualized burn (linear): 18.40K HYPE
Avg priority gas: 0.000189 HYPE
Max single priority gas: 0.318423 HYPE
Who's paying:
0x3999...3336 · 29.54 HYPE · 83,333 fills · ~59% of all priority gas
0xefd3...28df · 12.78 HYPE · 11,090 fills
0x10fb...632c · 3.60 HYPE · 346 fills
0x57dd...494b · 3.10 HYPE · 2,871 fills
0xce97...7e78 · 0.66 HYPE · 106,929 fills
What's interesting in the activity feed:
cash:TSLA, cash:SILVER, xyz:BIRD, xyz:MSTR, xyz:EWY, hyna:SUI. Priority gas is being used across HIP-3 equities, commodities, crypto, and spot. Not concentrated on one pair, spread across the board.
Compared to day 2 data (first tweet):
Total priority gas: 14.56 to 50.41 HYPE ( 246%)
Fills with priority: 102,424 to 267,323 ( 161%)
Max priority gas: 0.141 to 0.318 ( 126%)
Number of active payers growing, top payer share dropping from 86% to 59%
Usage is spreading. More wallets paying, across more instruments, with higher max bids. Still early but the trend is clear.
For context:
My earlier projections had the LOW scenario at ~810 HYPE/day. We're at 50.41 HYPE/day after 4 days. Below LOW but growing fast. If the current growth rate holds for a few weeks, LOW scenario becomes realistic quickly.
Track it live: liquidterminal.xyz/explorer/…
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Hyperliquid.
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Jun 12
Currently cooking something on @OndoPerps.
Stats below from last 48 hours.
Completely market-neutral, farming the current $125,000 weekly reward program with positive trading PnL.
It's invite-only so far. You can use our invite link for a 5% fee discount:
app.ondoperps.xyz/?ref=HCVEE…
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Best epoch in terms of points since early February on @extendedapp.
If you haven't tried it yet:
Check out our Extended algos which include a mixture of maker and taker strategies. Hyperliquid copytrading available, too!
You can also unlock access to our delta-neutral strategy with @Lighter_xyz after $3M volume.
extended.planemotrading.xyz/
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Yo, this just happened on an $80 test account.
This is @nadoHQ <--> @HyperliquidX stat arb.
You know when you see once in a while those perp dex charts with "scam wicks"?
Well, our algo wasn't exactly designed for that, it usually deals with 0.05 - 0.1% price divergences that last a few seconds.
However, we of course don't discriminate.
Profit is profit.
$8.00 on Nado
-$0.05 on Hyperliquid hedge
A crazy 10% return in one single trade.
With more DEX integrations in the pipeline, we'll be able to capitalize even more on outlier divergences like this.
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We've been limiting access to our HIP3 stat arb algo the last few weeks, and only made it available to preseed participants.
We needed to figure out capacity limits so that too many users don't cannibalize each other when they enter the same trade at the same time.
We have made some progress on that front (still a lot of work to do) and are opening 5 slots right now to the general public (anyone can sign up).
First come , first serve.
Minimum balance in your Hyperliquid account: $5,000 across USDC/USDC/USDH.
We are giving every user their own ultra-fast server instance, and the truth is that this algo is extremely compute-heavy aka expensive: it costs us around $40 per user per month.
Low balances mean lower volumes mean less fees (1bps builder fee) for us. The balance requirement makes sure we don't lose money by adding more users.
Get started here: hip3.planemotrading.xyz/
Discord or DM if you need help setting things up!
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Just beautiful to observe live PnL grow and grow and grow by the second -- fully automated -- on @HyperliquidX.
It's only a few cents per trade, often <$0.01, but if you zoom out, things are moving up only.
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Planemo Trading retweeted
We launched yesterday on Nado.
Just queried builder stats via their official API.
Happy to report that we have been the #1 builder over the past 24 hours.
Wen official builder stats dashboard @nadoHQ?
gNado!
We are live on @nadoHQ.
Today we are launching our entire suite of trading algorithms on Nado.
This also marks the first time we are making our statistical arbitrage system publicly available across exchanges.
This has been a long time in the making, all details in the thread below.👇
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Another successful week in the books for our stat arb algo on Hyperliquid.
This week, the majority of profits were only realized in the last 48 hours, especially by the SILVER pair between @Markets_xyz and @felixprotocol, and USA500 on @Dreamcash against S&P500 on @tradexyz.
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Example stat arb trade on @nadoHQ <> @tradexyz
100% delta-neutral.
Entered on positive divergence, exited upon reversal.
Not all trades will be winners, but the algo should improve with time as we get more data.
We launched statistical arbitrage on HIP3 back in February in its very first form, and its performance nowadays after 4 months of ongoing development is completely different to back then, so we are very hopeful that we can deliver a similar trajectory here.
gNado!
We are live on @nadoHQ.
Today we are launching our entire suite of trading algorithms on Nado.
This also marks the first time we are making our statistical arbitrage system publicly available across exchanges.
This has been a long time in the making, all details in the thread below.👇
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How does Surge Pro / Orderbook Surge work on Nado?
Based on L/S imbalance in the orderbook, trades are entered or closed.
It's actually much easier to predict the price of BTC on a short time horizon (<1s) compared to long-term forecasts that need to take into account many more factors.
gNado!
We are live on @nadoHQ.
Today we are launching our entire suite of trading algorithms on Nado.
This also marks the first time we are making our statistical arbitrage system publicly available across exchanges.
This has been a long time in the making, all details in the thread below.👇
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gNado!
We are live on @nadoHQ.
Today we are launching our entire suite of trading algorithms on Nado.
This also marks the first time we are making our statistical arbitrage system publicly available across exchanges.
This has been a long time in the making, all details in the thread below.👇
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3. Our flagship strategy is statistical arbitrage: a market-neutral algo that profits from temporary price divergences of the same asset quoted across different venues, with no directional bet on the market going up or down.
Nado is our first cross-exchange integration partner for the stat arb engine, meaning we route our stat arb execution through Nado as a venue. This is the headline of the partnership.
You can get started here:
nado.planemotrading.xyz/stat…
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4. While we @PlanemoTrading don't have a points system live yet, we will internally double count activity across Nado for the first week, until June 12.
We recommend starting with a fresh account that you only use for algo trading:
app.nado.xyz/?join=n1t8vyy
Make sure to open a ticket in Discord in case you need help getting started.
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HIP-3 algo is getting better every week.
That's 60% APR plus thousands of invisible points.
100% delta-neutral. Max drawdown <1%.
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Haven't posted on here in over a week.
Why not?
We are an extremely small team and every post here cuts away time from engineering work.
Good news is that we used the time well, and a new exchange integration will go live on Wednesday.🎨
The offering there will include our statistical arbitrage strategy, which will mark the first time we offer this quantitative algo outside of HIP-3.
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Planemo Trading retweeted
First day on HIP-4.
Accounted for ~20% of total volume in yesterday's new range market.
This will be huge.
Wen leverage?
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Planemo Trading retweeted
May 13
When you read about latency tests of perp dexes, those are usually done in a vacuum, not in a production system with up to hundreds of orders per second and across 100 users.
It took us almost 2 weeks to get to this level of latency for our upcoming @extendedapp <> @HyperliquidX stat arb algo.
Right now around 30% of orders fill within <250ms of submit timestamp, with 95% being faster than HL (without priority fees), which is good enough for our purposes given the conservatively edge decay model.
It's very frustrating to not make (visible) progress for many days in a row. Then one day you refresh your dashboard and see data like this after your latest update.
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Planemo Trading retweeted
May 24
Learned this the hard way 2 months or so ago.
We now have a circuit breaker on weekends that stops any entries and exits if price is out of bounds, especially if reset maximum (2 for OIL) has been reached.
Especially painful if your hedged leg on @Dreamcash or any other HIP3 providers goes through, but one venue keeps on failing (xyz here).
Even reading through all docs multiple times, it's difficult to understand how and what is happening unless you observe it live and pay the tuition.
Not sure about your 10x issue tho.
May 24
Its hilarious I got all Hyped up (no pun intended) about trading on HL and shilled it everywhere
just to get his with some bullshit and position randomly 10x-ing in size during "?pause?"
for trading to "resume" with a gap down
lmfao, generationally cursed legit
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