Hyperliquid strategies, and why you want several

The main archetypes

These categories are approximations, but they explain most of the variance you see between leaders on the board.

• Trend following: ride sustained directional moves, accept many small losses, rely on a few large winners.
• Mean reversion: fade overextension, high win rate, exposed to regime breaks.
• Funding capture: harvest funding-rate imbalances, often delta-managed, lower variance.
• Breakout: position around range expansion, sensitive to false breaks and slippage.
• Liquidity and liquidation hunting: short-horizon, execution-sensitive, hardest to copy faithfully.

Why one strategy is a bet on one regime

A trend follower's flat year is not incompetence — it is a market that never trended. If your whole account rides that single archetype, you inherit its regime dependence completely.

Combining leaders whose returns are driven by different mechanics smooths the equity path far more reliably than trying to time which archetype is about to work.

Isolation is what makes combining possible

Two archetypes will regularly disagree — a trend follower long while a mean-reversion trader is short the same market. Inside one account those positions net to nothing while both pay fees.

Dedicated sub-accounts keep both strategies live and independently measurable, which is the precondition for scoring, weighting and replacing them intelligently.