Relative-value long/short: long the stronger token, short the weaker in equal notional—profit from outperformance.

🏆

Share token price

RedCoast
BTC
ETH

Utilisation

Other metrics

3M Sharpe
-0.8
3M volatility
23.0%
Age*
0.4 years
Maximum drawdown
-11.8%
Protocol Technical Risk
Lockup period
1d
Denomination

Returns

1 month3 monthLifetime
Gross
-52.7% ann
-6.0% abs
-18.2% ann
-4.8% abs
-0.2% ann
-0.1% abs
Net
-52.7% ann
-6.0% abs
-18.2% ann
-4.8% abs
-0.2% ann
-0.1% abs

Fees

Manage­mentPerform­anceDepositWithdraw
Gross 0.0%10.0%0.0%0.0%
Net 0.0%0.0%0.0%0.0%

Notes

Profit and loss (PnL) results here differ from the method used on the Hyperliquid website. Instead of raw account PnL, the data is cleaned from deposit/redeem flow and reflects better the actual profitability of the underlying trading activity.

About Hyperliquid

This vault is running on Hyperliquid:

Native perpetual trading vaults on Hyperliquid's HyperCore layer.

View all Hyperliquid vaults

Performance metrics

MetricWeekMonth3 months6 monthsYearLifetime
Ranking overall#31#904#914#898#936#961
Ranking on Hyperliquid#43#157#143#111#116#108
Ranking on Hyperliquid#43#157#143#111#116#108
CAGR (net)514.6%-52.7%-18.2%-0.2%-0.2%-0.2%
CAGR (gross)514.6%-52.7%-18.2%-0.2%-0.2%-0.2%
Returns (net)3.5%-6.0%-4.8%-0.1%-0.1%-0.1%
Returns (gross)3.5%-6.0%-4.8%-0.1%-0.1%-0.1%
Sharpe ratio9.94-3.77-0.760.100.100.10
Max drawdown-0.8%-10.8%-11.8%-11.8%-11.8%-11.8%
Volatility18.4%19.3%23.0%22.3%22.3%22.3%
TVL low$199.48K$199.48K$116.78K$494.38$494.38$494.38
TVL high$206.52K$235.74K$444.44K$444.44K$444.44K$444.44K
Share price start (USDC)0.9649631.062481.049961.00001.00001.0000
Share price end (USDC)0.9991330.9991330.9991330.9991330.9991330.999133
Period data availability8 days31 days91 days144 days144 days144 days
Period start2026-06-052026-05-132026-03-142026-01-202026-01-202026-01-20
Period end2026-06-122026-06-122026-06-122026-06-122026-06-122026-06-12
CCC

CORE3 risk rating

Risk rating by CORE3 for Hyperliquid. The rating applies to all vaults on this protocol. View full rating on the CORE3 website.

Risk score 46.79
ConfidenceModerate
CORE3 rank #205
Data coverage73.3%
CategoryLayer 1
Market cap$13.4B

Technical Details

Vault nameRedCoast
Vault address0x8fafc23611d59310b957162b8479f354c5a0eb4d
Chain Hyperliquid (9999)
Denomination Circle USDC (USDC)
Share tokenRedCoast
ProtocolHyperliquid
HomepageView vault on protocol website
Current TVL206,338.861 USDC
Peak TVL444,441.022 USDC
Last share price0.999 USDC
Last updated
Last updated block0
Data refreshed at
Data starts2026-01-20 00:00:00 UTC
Fee modeInternalised (performance fee taken from closed positions)
Fees internalisedYes
Featureshypercore_native
Flagsperp_dex_trading_vault
Deposit statusOpen
Redemption statusOpen
Deposit/redemption events28

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