Rebalancing
The rebalancing mechanism is a key component for maintaining the leverage factor of a leveraged token within a targeted range.
Common perpetual futures exhibit frequent changes in their effective leverage. This occurs because price fluctuations of the underlying asset affect the margin-to-notional ratio. Leveraged tokens counteract this fluctuation by reactively rebalancing the margin-to-notional ratio as soon as an outer bound of the targeted leverage range is reached. This is achieved by directly adjusting the amount of borrowed funds of the underlying perpetual futures contract.
These adjustments are triggered by an off chain monitoring and execution system, which uses Hyperliquid's API Wallets feature to modify the position of the leveraged tokens, without exposing functionality to transfer or withdraw funds.
The margin-to-notional ratio defines your effective leverage.
Rebalance thresholds
BTC 2x Long (BTC2L)
2x
1.91 - 2.11x
BTC 2x Short (BTC2S)
2x
1.73 - 2.33x
BTC 3x Long (BTC3L)
3x
2.74 - 3.35x
BTC 3x Short (BTC3S)
3x
2.48 - 3.71x
BTC 5x Long (BTC5L)
5x
4.20 - 6.33x
BTC 5x Short (BTC5S)
5x
3.80 - 7.00x
ETH 2x Long (ETH2L)
2x
1.89 - 2.14x
ETH 2x Short (ETH2S)
2x
1.68 - 2.41x
ETH 3x Long (ETH3L)
3x
2.69 - 3.44x
ETH 3x Short (ETH3S)
3x
2.39 - 3.88x
ETH 5x Long (ETH5L)
5x
4.08 - 6.71x
ETH 5x Short (ETH5S)
5x
3.62 - 7.57x
SOL 2x Long (SOL2L)
2x
1.89 - 2.14x
SOL 2x Short (SOL2S)
2x
1.68 - 2.41x
SOL 3x Long (SOL3L)
3x
2.69 - 3.44x
SOL 3x Short (SOL3S)
3x
2.39 - 3.88x
SOL 5x Long (SOL5L)
5x
4.08 - 6.71x
SOL 5x Short (SOL5S)
5x
3.62 - 7.57x
HYPE 1x Short (HYPE1S)
1x
0.89 - 1.13x
HYPE 2x Long (HYPE2L)
2x
1.89 - 2.14x
HYPE 2x Short (HYPE2S)
2x
1.68 - 2.41x
HYPE 3x Long (HYPE3L)
3x
2.69 - 3.44x
HYPE 3x Short (HYPE3S)
3x
2.39 - 3.88x
HYPE 5x Long (HYPE5L)
5x
4.08 - 6.71x
HYPE 5x Short (HYPE5S)
5x
3.62 - 7.57x
DOGE 2x Long (DOGE2L)
2x
1.88 - 2.15x
DOGE 2x Short (DOGE2S)
2x
1.65 - 2.45x
DOGE 3x Long (DOGE3L)
3x
2.67 - 3.48x
DOGE 3x Short (DOGE3S)
3x
2.35 - 3.97x
DOGE 5x Long (DOGE5L)
5x
4.02 - 6.93x
DOGE 5x Short (DOGE5S)
5x
3.53 - 7.89x
NEAR 2x Long (NEAR2L)
2x
1.89 - 2.14x
NEAR 2x Short (NEAR2S)
2x
1.68 - 2.41x
NEAR 3x Long (NEAR3L)
3x
2.69 - 3.44x
NEAR 3x Short (NEAR3S)
3x
2.39 - 3.88x
NEAR 5x Long (NEAR5L)
5x
4.08 - 6.71x
NEAR 5x Short (NEAR5S)
5x
3.62 - 7.57x
ZEC 2x Long (ZEC2L)
2x
1.88 - 2.15x
ZEC 2x Short (ZEC2S)
2x
1.65 - 2.45x
ZEC 3x Long (ZEC3L)
3x
2.67 - 3.48x
ZEC 3x Short (ZEC3S)
3x
2.35 - 3.97x
ZEC 5x Long (ZEC5L)
5x
4.02 - 6.93x
ZEC 5x Short (ZEC5S)
5x
3.53 - 7.89x
FARTCOIN 2x Long (FARTCOIN2L)
2x
1.88 - 2.15x
FARTCOIN 2x Short (FARTCOIN2S)
2x
1.65 - 2.45x
FARTCOIN 3x Long (FARTCOIN3L)
3x
2.67 - 3.48x
FARTCOIN 3x Short (FARTCOIN3S)
3x
2.35 - 3.97x
FARTCOIN 5x Long (FARTCOIN5L)
5x
4.02 - 6.93x
FARTCOIN 5x Short (FARTCOIN5S)
5x
3.53 - 7.89x
kPEPE 2x Long (kPEPE2L)
2x
1.88 - 2.15x
kPEPE 2x Short (kPEPE2S)
2x
1.65 - 2.45x
kPEPE 3x Long (kPEPE3L)
3x
2.67 - 3.48x
kPEPE 3x Short (kPEPE3S)
3x
2.35 - 3.97x
kPEPE 5x Long (kPEPE5L)
5x
4.02 - 6.93x
kPEPE 5x Short (kPEPE5S)
5x
3.53 - 7.89x
LIT 2x Long (LIT2L)
2x
1.89 - 2.14x
LIT 2x Short (LIT2S)
2x
1.68 - 2.41x
LIT 3x Long (LIT3L)
3x
2.69 - 3.44x
LIT 3x Short (LIT3S)
3x
2.39 - 3.88x
GOLD 2x Long (GOLD2L)
2x
1.94 - 2.06x
GOLD 2x Short (GOLD2S)
2x
1.83 - 2.19x
GOLD 3x Long (GOLD3L)
3x
2.83 - 3.20x
GOLD 3x Short (GOLD3S)
3x
2.67 - 3.40x
GOLD 5x Long (GOLD5L)
5x
4.48 - 5.71x
GOLD 5x Short (GOLD5S)
5x
4.22 - 6.06x
SILVER 2x Long (SILVER2L)
2x
1.94 - 2.06x
SILVER 2x Short (SILVER2S)
2x
1.83 - 2.19x
SILVER 3x Long (SILVER3L)
3x
2.83 - 3.20x
SILVER 3x Short (SILVER3S)
3x
2.67 - 3.40x
SILVER 5x Long (SILVER5L)
5x
4.48 - 5.71x
SILVER 5x Short (SILVER5S)
5x
4.22 - 6.06x
CL (Crude Oil) 2x Long (CL2L)
2x
1.94 - 2.06x
CL (Crude Oil) 2x Short (CL2S)
2x
1.83 - 2.19x
CL (Crude Oil) 3x Long (CL3L)
3x
2.83 - 3.20x
CL (Crude Oil) 3x Short (CL3S)
3x
2.67 - 3.40x
CL (Crude Oil) 5x Long (CL5L)
5x
4.48 - 5.71x
CL (Crude Oil) 5x Short (CL5S)
5x
4.22 - 6.06x
BRENTOIL 2x Long (BRENTOIL2L)
2x
1.94 - 2.06x
BRENTOIL 2x Short (BRENTOIL2S)
2x
1.83 - 2.19x
BRENTOIL 3x Long (BRENTOIL3L)
3x
2.83 - 3.20x
BRENTOIL 3x Short (BRENTOIL3S)
3x
2.67 - 3.40x
BRENTOIL 5x Long (BRENTOIL5L)
5x
4.48 - 5.71x
BRENTOIL 5x Short (BRENTOIL5S)
5x
4.22 - 6.06x
SP500 2x Long (SP5002L)
2x
1.94 - 2.06x
SP500 2x Short (SP5002S)
2x
1.83 - 2.19x
SP500 3x Long (SP5003L)
3x
2.83 - 3.20x
SP500 3x Short (SP5003S)
3x
2.67 - 3.40x
SP500 5x Long (SP5005L)
5x
4.48 - 5.71x
SP500 5x Short (SP5005S)
5x
4.22 - 6.06x
XYZ100 2x Long (XYZ1002L)
2x
1.94 - 2.06x
XYZ100 2x Short (XYZ1002S)
2x
1.83 - 2.19x
XYZ100 3x Long (XYZ1003L)
3x
2.83 - 3.20x
XYZ100 3x Short (XYZ1003S)
3x
2.67 - 3.40x
XYZ100 5x Long (XYZ1005L)
5x
4.48 - 5.71x
XYZ100 5x Short (XYZ1005S)
5x
4.22 - 6.06x
NVDA 2x Long (NVDA2L)
2x
1.91 - 2.11x
NVDA 2x Short (NVDA2S)
2x
1.73 - 2.33x
NVDA 3x Long (NVDA3L)
3x
2.74 - 3.35x
NVDA 3x Short (NVDA3S)
3x
2.48 - 3.71x
NVDA 5x Long (NVDA5L)
5x
4.20 - 6.33x
NVDA 5x Short (NVDA5S)
5x
3.80 - 7.00x
TSLA 2x Long (TSLA2L)
2x
1.88 - 2.15x
TSLA 2x Short (TSLA2S)
2x
1.65 - 2.45x
TSLA 3x Long (TSLA3L)
3x
2.67 - 3.48x
TSLA 3x Short (TSLA3S)
3x
2.35 - 3.97x
TSLA 5x Long (TSLA5L)
5x
4.02 - 6.93x
TSLA 5x Short (TSLA5S)
5x
3.53 - 7.89x
MU 2x Long (MU2L)
2x
1.88 - 2.15x
MU 2x Short (MU2S)
2x
1.65 - 2.45x
MU 3x Long (MU3L)
3x
2.67 - 3.48x
MU 3x Short (MU3S)
3x
2.35 - 3.97x
MU 5x Long (MU5L)
5x
4.02 - 6.93x
MU 5x Short (MU5S)
5x
3.53 - 7.89x
CBRS 2x Long (CBRS2L)
2x
1.89 - 2.14x
CBRS 2x Short (CBRS2S)
2x
1.68 - 2.41x
CBRS 3x Long (CBRS3L)
3x
2.69 - 3.44x
CBRS 3x Short (CBRS3S)
3x
2.39 - 3.88x
CBRS 5x Long (CBRS5L)
5x
4.08 - 6.71x
CBRS 5x Short (CBRS5S)
5x
3.62 - 7.57x
BB 2x Long (BB2L)
2x
1.89 - 2.14x
BB 2x Short (BB2S)
2x
1.68 - 2.41x
BB 3x Long (BB3L)
3x
2.69 - 3.44x
BB 3x Short (BB3S)
3x
2.39 - 3.88x
BB 5x Long (BB5L)
5x
4.08 - 6.71x
BB 5x Short (BB5S)
5x
3.62 - 7.57x
SPCX 2x Long (SPCX2L)
2x
1.89 - 2.14x
SPCX 2x Short (SPCX2S)
2x
1.68 - 2.41x
SPCX 3x Long (SPCX3L)
3x
2.69 - 3.44x
SPCX 3x Short (SPCX3S)
3x
2.39 - 3.88x
SPCX 5x Long (SPCX5L)
5x
4.08 - 6.71x
SPCX 5x Short (SPCX5S)
5x
3.62 - 7.57x
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