IndexTreasuriesReceiptsPairs
$BULL · ALWAYS LONGBULL
$BEAR · ALWAYS SHORTBEAR
BULLS
—
DAILY CLOSE IN
00:00:00
BEARS
—

Bull treasury · long only

DirectionLong only
Leverage3x max
Size30% of equity
StopOn every position

Bear treasury · short only

DirectionShort only
Leverage3x max
Size30% of equity
StopOn every position
● Receipts land here when a treasury claims fees, funds Hyperliquid, opens, closes, buys back, or pays neutral holders● Receipts land here when a treasury claims fees, funds Hyperliquid, opens, closes, buys back, or pays neutral holders● Receipts land here when a treasury claims fees, funds Hyperliquid, opens, closes, buys back, or pays neutral holders● Receipts land here when a treasury claims fees, funds Hyperliquid, opens, closes, buys back, or pays neutral holders● Receipts land here when a treasury claims fees, funds Hyperliquid, opens, closes, buys back, or pays neutral holders● Receipts land here when a treasury claims fees, funds Hyperliquid, opens, closes, buys back, or pays neutral holders● Receipts land here when a treasury claims fees, funds Hyperliquid, opens, closes, buys back, or pays neutral holders● Receipts land here when a treasury claims fees, funds Hyperliquid, opens, closes, buys back, or pays neutral holders● Receipts land here when a treasury claims fees, funds Hyperliquid, opens, closes, buys back, or pays neutral holders● Receipts land here when a treasury claims fees, funds Hyperliquid, opens, closes, buys back, or pays neutral holders● Receipts land here when a treasury claims fees, funds Hyperliquid, opens, closes, buys back, or pays neutral holders● Receipts land here when a treasury claims fees, funds Hyperliquid, opens, closes, buys back, or pays neutral holders

Fees

Creator fees from The Bull Experiment go only to the bull treasury. Fees from The Bear Experiment go only to the bear treasury.

The trade

Bull can only open longs. Bear can only open shorts. Leverage stops at 3x, size stops at 30% of that treasury’s equity, and every position has a stop.

The close

At 00:00 UTC the side whose coin gained more wins the day. Realised profit buys back that coin, 80%, and pays neutral holders in SOL, 20%. No realised profit means that side does nothing.