Buyback Spread Engine
View on Hyperliquid Update infoA high-conviction, market-neutral strategy exploiting valuation gaps in DeFi’s most active buyback tokens.
Share token price
3M ann. net returns
▲ 294.4%
Total value locked
$34.6K
peak $34.6K
3M Sharpe
1.9
3M volatility
110.8%
Other metrics
3M Sharpe
1.9
3M volatility
110.8%
Age*
1.1 years
-53.5%
CORE3 risk
Lockup period
1d
Denomination
Performance and fees
| 1M | 3M | 6M | 1Y | Lifetime | ||
|---|---|---|---|---|---|---|
| Gross Gross | 3,308.2% | 348.0% | 478.9% | 138.0% | 146.9% | |
| Performance fee Performance | 10.0% | 10.0% | 10.0% | 10.0% | 10.0% | |
| Management fee Management | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Deposit fee Deposit | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Withdrawal fee Withdrawal | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Net Net | 2,399.1% | 294.4% | 412.9% | 124.2% | 132.9% |
Running on Hyperliquid protocol
This vault is running on Hyperliquid:
Hyperliquid is a layer 1 blockchain running an onchain perpetual futures exchange; its USDC vaults include HLP, the protocol's market-making vault, and trader-run strategies.
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.
Returns and period details
| Metric | Week | Month | 3 months | 6 months | Year | Lifetime |
|---|---|---|---|---|---|---|
| Ranking overall | --- | --- | --- | --- | --- | --- |
| Ranking on Hyperliquid | #1 | #34 | #56 | #18 | #23 | #23 |
| Ranking on Hyperliquid | #1 | #34 | #56 | #18 | #23 | #23 |
| CAGR (net) | >9,999% | 2,399.1% | 294.4% | 412.9% | 124.2% | 132.9% |
| CAGR (gross) | >9,999% | 3,308.2% | 348.0% | 478.9% | 138.0% | 146.9% |
| Returns (net) | 15.8% | 30.3% | 40.2% | 123.8% | 124.0% | 158.3% |
| Returns (gross) | 17.5% | 33.6% | 44.7% | 137.6% | 137.8% | 175.8% |
| Sharpe ratio | --- | 3.72 | 1.90 | 2.33 | 1.33 | 1.35 |
| Max drawdown | -9.0% | -19.8% | -37.0% | -51.7% | -53.5% | -53.5% |
Technical Details
| Vault name | Buyback Spread Engine |
| Vault address | 0xce71894b42f5c31a6ae6ca4fb77441c68ab15086 |
| Chain | |
| Denomination | |
| Exchange rate used | 1 USDC = $1.0000 |
| Share token | Buyback Sp |
| Protocol | Hyperliquid |
| Homepage | View vault on protocol website |
| Current TVL | 34,625.516 USDC |
| Peak TVL | 34,625.516 USDC |
| Last share price | 2.758 USDC |
| Last updated | |
| Last updated block | 0 |
| Data refreshed at | |
| Data starts | 2025-08-13 00:00:00 UTC |
| Fee mode | Externalised |
| Fees internalised | No |
| Features | hypercore_native |
| Strategy tags | perpetual_futures |
| Flags | perp_dex_trading_vault |
| Whitelist status | Permissionless |
| Deposit status | Open |
| Redemption status | Open |
| Deposit/redemption events | 25 |
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