Edge & Hedge (L/S Factors)
View on Lighter Update infoRunning quantitative delta neutral long, short strategy with a leverage of around 3x.
Share token price
3M return (ann)
▼ 7.7%
Total value locked
$2.1M
peak $5.9M
3M Sharpe
-0.02
3M volatility
38.2%
Other metrics
3M Sharpe
-0.02
3M volatility
38.2%
Age*
0.9 years
-25.4%
Protocol Technical Risk
Lockup period
5m
Denomination
Returns and fees
| 1M | 3M | 6M | 1Y | Lifetime | ||
|---|---|---|---|---|---|---|
| Gross Gross | 27.9% | -7.7% | -10.2% | 38.3% | 38.3% | |
| Performance fee Performance | 20.0% | 20.0% | 20.0% | 20.0% | 20.0% | |
| 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 | 27.9% | -7.7% | -10.2% | 38.3% | 38.3% |
Internalised fees are reflected in the share price. One-time deposit and withdrawal fees may still affect net returns.
About the vault
Running quantitative delta neutral long, short strategy with a leverage of around 3x. Backtest Results (Oct 2022 - Now): CAGR ~ 110% | Sharpe ~ 2 | Max Drawdown ~ 25%. Follow on Twitter for regular updates - https://x.com/blothecap
Curated by Edge & Hedge
This vault is curated by Edge & Hedge.
Edge & Hedge is a Hyperliquid vault running a quantitative delta-neutral long-short strategy.
Running on Lighter protocol
This vault is running on Lighter:
Native perpetual trading pools on Lighter DEX (ZK-rollup).
Performance metrics
| Metric | Week | Month | 3 months | 6 months | Year | Lifetime |
|---|---|---|---|---|---|---|
| Ranking overall | #899 | #49 | #947 | #974 | #36 | #41 |
| Ranking on Lighter | #15 | #8 | #14 | #12 | #8 | #9 |
| Ranking on Lighter | #15 | #8 | #14 | #12 | #8 | #9 |
| CAGR (net) | -34.4% | 27.9% | -7.7% | -10.2% | 38.3% | 38.3% |
| CAGR (gross) | -34.4% | 27.9% | -7.7% | -10.2% | 38.3% | 38.3% |
| Returns (net) | -0.8% | 2.0% | -2.0% | -5.2% | 33.0% | 33.0% |
| Returns (gross) | -0.8% | 2.0% | -2.0% | -5.2% | 33.0% | 33.0% |
| Sharpe ratio | -2.15 | 1.26 | -0.02 | -0.11 | 1.01 | 1.01 |
| Max drawdown | -3.0% | -4.4% | -25.1% | -25.1% | -25.4% | -25.4% |
| Volatility | 18.9% | 21.3% | 38.2% | 37.2% | 39.8% | 39.8% |
| TVL low | $2.03M | $2.03M | $1.99M | $1.99M | $163.19K | $163.19K |
| TVL high | $2.11M | $2.15M | $2.74M | $3.01M | $5.93M | $5.93M |
| Share price start (USDC) | 0.00140361 | 0.00136449 | 0.00142004 | 0.0014684 | 0.0010472 | 0.0010472 |
| Share price end (USDC) | 0.00139233 | 0.00139233 | 0.00139233 | 0.00139233 | 0.00139233 | 0.00139233 |
| Period data availability | 8 days | 31 days | 91 days | 181 days | 322 days | 322 days |
| Period start | 2026-07-31 | 2026-07-08 | 2026-05-09 | 2026-02-08 | 2025-09-20 | 2025-09-20 |
| Period end | 2026-08-07 | 2026-08-07 | 2026-08-07 | 2026-08-07 | 2026-08-07 | 2026-08-07 |
Technical Details
| Vault name | Edge & Hedge (L/S Factors) |
| Vault address | lighter-pool-281474976688087 |
| Chain | |
| Denomination | |
| Exchange rate used | 1 USDC = $1.0000 |
| Share token | Edge & Hed |
| Protocol | Lighter |
| Homepage | View vault on protocol website |
| Current TVL | 2,055,612.936 USDC |
| Peak TVL | 5,931,433.762 USDC |
| Last share price | 0.001 USDC |
| Last updated | |
| Last updated block | 0 |
| Data refreshed at | |
| Data starts | 2025-09-20 00:00:00 UTC |
| Fee mode | Internalised (performance fee taken from closed positions) |
| Fees internalised | Yes |
| Features | lighter_native |
| Flags | perp_dex_trading_vault |
| Whitelist status | Permissionless |
| Deposit status | Open |
| Redemption status | Open |
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