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BasisX��HIP-3 Funding Futures�Trade funding, not just price�

Powered by real-time Pyth oracles on Hyperliquid

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For Hyperliquid Community Hackathon

TheBasis.fi

2025

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Funding drives perps, but it’s invisible

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2025

Problem

TheBasis.fi

  • Funding is volatile, unpredictable, and critical for both traders and vaults.
  • Builders like Liminal/Hyperbeat rely on funding, but they can’t hedge it.
  • Traders can speculate on price, but can’t directly speculate or hedge on funding rates.
  • Oracles today only update hourly → too slow for live risk management.

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We integrated Pyth price feeds (BTC, ETH, SOL, HYPE) via Hermes

2025

Solution

TheBasis.fi

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Built a PythOracleAdapter that computes real-time funding rates instead of hourly lags.

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Pushed these rates into HIP-3 markets → so now you can trade HYPE Funding Perp, BTC Funding Perp, ETH Funding Perp.

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Traders can:

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  • Speculate: bet funding stays positive or flips negative.
  • Hedge: lock in their funding exposure like interest rate swaps.
  • Tagline: “BasisX turns funding into a tradable market.”

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HIP-3 Perps on Funding Rates

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2025

How it works

Real-time oracle

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Sub-second funding

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Tradable funding

TheBasis.fi

Built with Pyth feeds (BTC, ETH, SOL, HYPE) delivering live market data.

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Replaces the old 1-hour delay with continuous, real-time funding rate calculation.

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HIP-3 markets launch perps on funding itself so traders can hedge or speculate directly.

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How it Works

2025

Unique Features and Moats

TheBasis.fi

  • Data flow: Pyth → Hermes API → PythOracleAdapter → funding calculation → HIP-3 market.
  • On-chain algorithm: computes price momentum & volatility → updates cumulative funding sub-second.
  • Markets: Each token gets its own HIP-3 funding perp (HYPEFRX, BTCFRX, etc.).

Innovation:

  • Multi-asset aggregation
  • Sub-second updates
  • First HIP-3 markets on funding rates

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Hyperliquid OI on top pairs:

$5B+ yearly�$2–5B daily volume�$10–20M daily funding payments.

TheBasis.fi

2025

Competitor Landscape

Landscape

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TheBasis.fi Edge�

  • First mover on Hyperliquid
  • Direct HYPE ecosystem integration
  • Lower fees, higher funding capture
  • 100% transparent and on-chain

Ethena�$10 bln TVL 5% APY

Resolve�$500 mln TVL�8% APY

Liminal�$100 mln TVL�9% APY

Market and competitors

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Why It Matters

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2025

Unique Features and Moats

TheBasis.fi

  1. Traders: new alpha + funding hedges�
  2. Protocols: vault & treasury risk management�
  3. Hyperliquid: brand-new market class (perps on perps)�
  4. Ecosystem growth via HIP-3 + Pyth integration�
  5. Funding is the new underlying

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Go-to-Market & Growth Plan

Phase 1�Hackathon launch: $1 mln TVL, 500 early users��Phase 2�DeFi integration: $5 mln TVL, governance token, partnerships��Phase 3�Institutional adoption: $50 mln TVL, API access, compliance,

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Marketing�Twitter, partnerships, Youtube, Dune Dashboard, points program

�Hyperliquid-native advantage for scaling

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Thank you

2025

TheBasis.fi

Closed beta

TheBasis.fi

�https://x.com/BasisFi

team@thebasis.fi

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