Earn market-neutral yield on your crypto
— without betting on price.
Automated, non-custodial delta-neutral strategies on perpetual DEXs (Hyperliquid + sub-DEXs + Extended).
You set your risk; AlphaShell does the rest — finding the best funding-rate spreads, opening hedged positions, and rebalancing them around the clock. The agent wallet can place orders but can never withdraw or transfer your funds.
What is basis trading?
In plain English: some traders pay a recurring fee just to keep their position open. AlphaShell positions you to collectthose fees — while staying market-neutral, so you don't care whether the price goes up or down.
On perpetual markets, long traders pay a funding rate to short traders (or vice versa). This rate changes every hour and varies from one exchange to another.
Basis trading exploits these differences: you buy on the exchange where funding is low and sell on the one where it's high. The position is delta-neutral— you take zero directional risk on the asset's price.
AlphaShell handles all of this automatically — detecting, entering, rebalancing, and optimizing your positions around the clock.
How it works
Connect your wallet
Sign a message with your wallet (MetaMask, Rabby). No password, no deposit on AlphaShell.
Approve the agent wallet
AlphaShell generates a dedicated agent wallet that can only place orders on your account. It can never withdraw your funds.
Configure your risk
Set your max leverage, whitelist or blacklist specific markets, define your capital allocation. AlphaShell operates within your rules.
Let AlphaShell work
The engine continuously detects the best funding spreads, opens delta-neutral positions, and rebalances automatically to maximize your yield.
See the engine find opportunities
AlphaShell continuously ranks funding-rate spreads across Hyperliquid, its sub-DEXs and Extended — by APR and a risk-adjusted score — so the best delta-neutral opportunities rise to the top automatically.
Why AlphaShell
Earn while you sleep
You don't watch charts or place trades. AlphaShell hunts opportunities, opens positions, and rebalances 24/7 so your capital keeps working.
Your money never leaves your wallet
You keep full custody. The agent wallet can only place orders — it can never withdraw or transfer your funds.
You stay in control
Set your max leverage and pick which markets to trade. AlphaShell never steps outside the limits you define.
More venues, better rates
AlphaShell scans Hyperliquid and its sub-DEXs (Felix, Kinetiq, Hyena, Dreamcash...) plus Extended, so you always get the best funding spread — automatically.
Your yield, continuously tuned
As funding rates shift, AlphaShell rebalances in real time to keep capturing the highest spreads — no manual moves from you.
Verify every position yourself
No black box. Every position is on-chain — check it on the exchange any time.
Strategy types
Spot + Short Perp
AlphaShell buys the asset in spot and shorts the perpetual. When funding is positive, you collect the rate by being short. The most classic and safest approach.
Perp Long + Perp Short
AlphaShell goes long on one exchange with low funding and short on another with high funding. Captures cross-exchange spreads without holding the spot asset.
Security
Sign-In With Ethereum. No passwords.
Can only place/cancel orders — never withdraw or transfer.
Predefined rules enforce what the agent wallet can and cannot do — only permitted actions are executed on-chain.
Max leverage, market whitelist/blacklist — the engine never exceeds your parameters.
Frequently asked questions
Can AlphaShell withdraw my funds?
No. The agent wallet can only place and cancel orders. Hyperliquid's agent wallet mechanism prohibits transfers and withdrawals.
Is it fully automated?
Yes. Once you configure your risk parameters (max leverage, market whitelist/blacklist), AlphaShell continuously detects opportunities, opens positions, rebalances, and optimizes yield — all without manual intervention.
Can I control which markets are traded?
Yes. You can whitelist specific markets you want to trade, or blacklist markets you want to avoid. You also set your maximum leverage. AlphaShell never exceeds your rules.
What are the risks?
The main risk is liquidation if price moves violently before funding compensates. AlphaShell mitigates this by operating within your max leverage setting and rebalancing positions automatically.
How much does it cost?
AlphaShell is free during the beta.
Which exchanges are supported?
Hyperliquid and all its sub-DEXs (XYZ, Felix, Kinetiq, Ventuals, HyENA, ABCDEx, Dreamcash), plus Extended. More perpetual DEXs will be added.
What's the minimum amount?
$10 per leg (Hyperliquid minimum). In practice, $20–50 minimum for a delta-neutral position.
Put your crypto to work — market-neutral, hands-off
We're already running this strategy live on-chain — see the demo wallet below. The closed beta is free; join the waitlist to get your invite before public launch.
Free during beta · No deposit · Non-custodial — your funds stay yours