Non-custodial delta neutral execution on perp DEXes.
Automated basis trading infrastructure. Fully non-custodial. Running live on Hyperliquid (& its sub-DEXes) and Extended, with more venues to follow.
How it works
Approve the agent wallet
On each perp DEX, approve a trade-only agent wallet for AlphaShell. This wallet can place and cancel orders on your behalf but cannot withdraw or transfer funds.
Configure venues and parameters
Select which perp DEXes and trading pairs to target. Define position limits, leverage bounds, and minimum funding rate thresholds, or use the default configuration for a balanced approach.
Engine executes
The engine monitors funding rates and basis spreads across configured venues, opening and managing delta neutral positions automatically. All orders are placed through the approved agent wallet and verifiable on-chain.
Why AlphaShell
Non-custodial by design
AlphaShell operates through trade-only agent wallets approved by the user on each perp DEX. These wallets can place and cancel orders but cannot withdraw, transfer, or move funds. Funds remain in the user's account at all times.
No lock-up
Positions can be unwound at any time. The user retains full control and can withdraw funds directly through the perp DEX without AlphaShell involvement.
Full auditability
Every order, fill, and position change is logged and verifiable on-chain. There is no off-chain order flow and no opaque execution layer.
Venue point accrual
Capital deployed through the engine accrues venue reward points in parallel with basis yield. Point farming runs alongside the core strategy with no additional capital commitment.
What you could earn
The current market opportunity reflects live funding-rate spreads the engine can capture right now. Use the calculator to see what that opportunity would have delivered on your capital over the last seven days.
Frequently asked questions
What is the minimum amount?
The minimum deposit is $50.
How much does it cost?
AlphaShell is currently free for early users.
Is it fully automated?
Yes. Once you configure your preferences, AlphaShell monitors the markets and executes trades automatically around the clock without any manual intervention required.
Can I withdraw at any time?
Yes. Your funds are never locked. There is no notice period and no withdrawal queue. You retain full control and can withdraw at any time directly through the perp DEX.
Can AlphaShell access my funds?
No. AlphaShell operates through a trade-only agent wallet that can only place and cancel orders. It does not have permission to withdraw, transfer, or otherwise move funds. These restrictions are enforced at the perp DEX level.
What are the risks?
The primary risk is adverse market movements. AlphaShell mitigates this by operating within your predefined risk parameters and rebalancing positions automatically when needed.
What happens if AlphaShell disappears?
Your funds remain exactly where they are, in your own account on the perp DEX. You can close any open positions and withdraw everything directly through the perp DEX interface, without any involvement from AlphaShell. We do not have the ability to move your funds.