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Pair Trade

Trade two Hyperliquid assets with explicit Leg A and Leg B sides.

Pair Trade

The Pair Trade template creates two explicit legs on Hyperliquid. Leg A is the primary leg, Leg B uses the opposite side, and the template maps the long side to spot and the short side to perps for execution.

Core config:

  • legAAsset: primary leg asset.
  • legBAsset: opposite leg asset.
  • legASide: long or short; Leg B uses the opposite side.
  • targetNotionalUsd: USD notional for Leg A.
  • hedgeRatio: Leg B notional exposure multiplier. 0.5 sizes Leg B at half of Leg A, and 1 targets equal notional.
  • perpLeverage: margin leverage for whichever leg is short; this changes margin and liquidation buffer, not the notional exposure ratio.
  • rebalanceDriftPct: drift threshold before rebalancing.

This is separate from Delta Neutral. Pair Trade can intentionally keep directional exposure when the Leg B size ratio is below or above 1.