Automated delta-neutral
yield on perp DEXs
AlphaShell automatically detects funding rate opportunities, opens delta-neutral positions, and rebalances to maximize your yield. Set your risk parameters and let the engine do the rest. Non-custodial.
What is basis trading?
On perpetual markets, long traders pay a funding rate to short traders (or vice versa). This rate changes every hour and varies from one exchange to another.
Basis trading exploits these differences: you buy on the exchange where funding is low and sell on the one where it's high. The position is delta-neutral— you take zero directional risk on the asset's price.
AlphaShell handles all of this automatically — detecting, entering, rebalancing, and optimizing your positions around the clock.
How it works
Connect your wallet
Sign a message with your wallet (MetaMask, Rabby). No password, no deposit on AlphaShell.
Approve the agent wallet
AlphaShell generates a dedicated agent wallet that can only place orders on your account. It can never withdraw your funds.
Configure your risk
Set your max leverage, whitelist or blacklist specific markets, define your capital allocation. AlphaShell operates within your rules.
Let AlphaShell work
The engine continuously detects the best funding spreads, opens delta-neutral positions, and rebalances automatically to maximize your yield.
Why AlphaShell
Fully automated
AlphaShell detects opportunities, opens positions, and rebalances continuously to optimize your yield. No manual intervention needed.
Non-custodial
Your funds stay on your exchange account. The agent wallet can only place orders — it can never withdraw or transfer your funds.
Configurable risk
Set your max leverage, whitelist or blacklist markets, define capital limits. AlphaShell operates strictly within the boundaries you define.
Multi-exchange
Scans funding rates across Hyperliquid and its sub-DEXs (XYZ, Felix, Kinetiq, Dreamcash...) to find the best spreads automatically.
Yield optimization
The engine continuously rebalances your positions to capture the highest funding spreads, adjusting to market conditions in real time.
Transparent
Every position is visible on-chain on the DEX. No black box — you can verify at any time directly on the exchange.
Strategy types
Spot + Short Perp
AlphaShell buys the asset in spot and shorts the perpetual. When funding is positive, you collect the rate by being short. The most classic and safest approach.
Perp Long + Perp Short
AlphaShell goes long on one exchange with low funding and short on another with high funding. Captures cross-exchange spreads without holding the spot asset.
Security
Sign-In With Ethereum. No passwords.
Can only place/cancel orders — never withdraw or transfer.
Predefined rules enforce what the agent wallet can and cannot do — only permitted actions are executed on-chain.
Max leverage, market whitelist/blacklist — the engine never exceeds your parameters.
Frequently asked questions
No. The agent wallet can only place and cancel orders. Hyperliquid's agent wallet mechanism prohibits transfers and withdrawals.
Yes. Once you configure your risk parameters (max leverage, market whitelist/blacklist), AlphaShell continuously detects opportunities, opens positions, rebalances, and optimizes yield — all without manual intervention.
Yes. You can whitelist specific markets you want to trade, or blacklist markets you want to avoid. You also set your maximum leverage. AlphaShell never exceeds your rules.
The main risk is liquidation if price moves violently before funding compensates. AlphaShell mitigates this by operating within your max leverage setting and rebalancing positions automatically.
AlphaShell is free during the beta.
Hyperliquid and all its sub-DEXs (XYZ, Felix, Kinetiq, Ventuals, HyENA, ABCDEx, Dreamcash). More perpetual DEXs will be added.
$10 per leg (Hyperliquid minimum). In practice, $20–50 minimum for a delta-neutral position.
Let AlphaShell optimize your yield
The closed beta is launching soon. Join the waitlist to be first in line.
Early user rewards · No deposit required