Trading in the Sunshine or in the Shade: Market Impact and Adverse Selection on Hyperliquid

By Davide Barone, Fabrizio Lillo

Published 2026-06-14

Everscope rating

1680.9

Relevance to quantitative trading

9 / 10

Implementation complexity

7 / 10

Reproducibility

4 / 5

About this paper

Methodology: Empirical Market Microstructure Analysis with Admati-Pfleiderer Framework. Problem types: Regression, Algorithmic Execution, Market Making, Causal Inference, Risk Management.

arXiv:2606.15715 · Paper rankings

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