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
1M return (ann)
▼ 57.5%
Total value locked
$2.1M
peak $5.9M
3M Sharpe
1.2
3M volatility
39.5%
Other metrics
3M Sharpe
1.2
3M volatility
39.5%
Age*
0.8 years
-25.1%
Protocol Technical Risk
Lockup period
5m
Denomination
Returns and fees
| 1M | 3M | 6M | 1Y | Lifetime | |
|---|---|---|---|---|---|
| Gross Gross | -57.5% | 50.7% | 56.1% | 47.2% | 47.2% |
| Performance fee Performance | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 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 | -57.5% | 50.7% | 56.1% | 47.2% | 47.2% |
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
About Edge & Hedge
This vault is curated by Edge & Hedge.
Edge & Hedge is a Hyperliquid vault running a quantitative delta-neutral long-short strategy.
About Lighter
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 | #26 | #962 | #31 | #32 | #32 | #39 |
| Ranking on Lighter | #5 | #18 | #6 | #5 | #6 | #7 |
| Ranking on Lighter | #5 | #18 | #6 | #5 | #6 | #7 |
| CAGR (net) | 58.8% | -57.5% | 50.7% | 56.1% | 47.2% | 47.2% |
| CAGR (gross) | 58.8% | -57.5% | 50.7% | 56.1% | 47.2% | 47.2% |
| Returns (net) | 0.9% | -6.8% | 10.6% | 24.6% | 37.7% | 37.7% |
| Returns (gross) | 0.9% | -6.8% | 10.6% | 24.6% | 37.7% | 37.7% |
| Sharpe ratio | 1.59 | -2.34 | 1.23 | 0.97 | 0.89 | 0.89 |
| Max drawdown | -2.5% | -12.6% | -25.1% | -25.1% | -25.1% | -25.1% |
| Volatility | 31.9% | 34.1% | 39.5% | 72.0% | 72.8% | 72.8% |
| TVL low | $2.10M | $1.99M | $1.99M | $1.99M | $0.00 | $0.00 |
| TVL high | $2.15M | $2.32M | $2.74M | $3.57M | $5.93M | $5.93M |
| Share price start (USDC) | 0.00138427 | 0.00149823 | 0.00126241 | 0.00112131 | 0.00101443 | 0.00101443 |
| Share price end (USDC) | 0.0013966 | 0.0013966 | 0.0013966 | 0.0013966 | 0.0013966 | 0.0013966 |
| Period data availability | 8 days | 31 days | 91 days | 181 days | 303 days | 303 days |
| Period start | 2026-07-10 | 2026-06-17 | 2026-04-18 | 2026-01-18 | 2025-09-18 | 2025-09-18 |
| Period end | 2026-07-17 | 2026-07-17 | 2026-07-17 | 2026-07-17 | 2026-07-17 | 2026-07-17 |
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 | 2,113,585.733 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 | 2025-09-18 00:00:00 UTC |
| Fee mode | Internalised (performance fee taken from closed positions) |
| Fees internalised | Yes |
| Features | lighter_native |
| Flags | perp_dex_trading_vault |
| Deposit status | Open |
| Redemption status | Open |
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