Sidepit Proof Run — Day 1

2026-06-02 · Market maker shipped to production · first live results

▶ Read the Alpha gist — “The Maker That Doesn't Run”

We pointed our most aggressive weapon at our own market maker — a bot that buys every high and sells every low, the most toxic flow you can design — and it could not draw blood. On every fill, the aggressor got a price inside Hyperliquid's wick. The maker stood firm, the taker got a fair fill, and nobody got blown out.

6 / 6

fills inside HL's wick

+77

USD per fill (basis-clean)

~3 bps

futures basis (removed)

1 s

consensus-auction epoch

The money shot

Sidepit (blue) vs Hyperliquid (orange), 5-minute candles. Hyperliquid's wicks stab deeper on every spike; Sidepit's stop short — the firm quote that doesn't get dragged to the tick-low.

Every fill, inside the wick

Each aggressive fill on Sidepit vs Hyperliquid's worst price that same minute (the wick), futures basis removed:

time (UTC)	aggressor	Sidepit fill	beat HL wick by
17:13	sold	67,500	+61
17:17	sold	67,546	+70
22:12	bought	67,182	+84
23:00	sold	66,335	+117
23:02	bought	66,203	+46
23:05	sold	66,335	+87

Both books — future vs hedge

The Sidepit future (blue) and the hedge book = future − basis (dashed) landing on Hyperliquid spot — validating the basis. The triangles are the taker's fills.

▶ Interactive chart — both books, pan & zoom all 840 minutes

Honest footing

This was our own taker against our own maker — no outside institution yet. That's the point, not a caveat: if we can't beat the maker with the nastiest flow we can build, neither can they. Figures are pre-hedge (the Deribit hedge is being finalized with our quant), basis-clean (~+22 USD / ~3 bps measured from the data and removed), and the references are 1-minute today — per-tick capture is now live for the next cut.

Sidepit Alpha — cold-start liquidity that exists to become unnecessary.