RISK INFRASTRUCTURE FOR HYPERLIQUID
Your Hyperliquid hedges are costing you 5x more than they should.
Nexwave builds risk infrastructure for serious traders on Hyperliquid. Capital efficiency audits that find the cross-margined HIP-4 hedges your current tooling can't see — plus weekly intelligence on the markets that move risk.
Built for funds running $5M+ on Hyperliquid. Not for tourists.
Last sample audit: 41x capital efficiency on a single bucket hedge. See it below ↓
The problem
You're hedging like it's 2023.
Capital sits idle.
Polymarket and Kalshi lock your collateral until resolution. That's dead money.
Hedges are mispriced.
Most traders don't realize HIP-4 markets are fully cross-margined with their perp book on Hyperliquid.
The math is hidden.
No tool computes what a hedge actually costs after the cross-margin credit. Until now.
Why Hyperliquid changed the rules
One risk engine. Every position. Same dollar.
On Polymarket or Kalshi, $30,000 of insurance costs $30,000. The capital is locked.
On Hyperliquid, that same $30,000 also counts as margin for your perp positions. The risk engine sees one unified portfolio. Your insurance and your trades share collateral.
Most traders don't realize this. The math that surfaces it is the foundation of everything we build.
Off-venue
$30K sits in escrow until resolution.
Universal margin
Premium + perp margin — one balance, one engine.
The process
Four steps. Twenty-four hours.
01
Connect (read-only).
Share your wallet address. We never need a private key for the audit.
02
Scan.
Our AI ingests your perp, spot, and HIP-4 positions and decomposes your tail risk.
03
Match.
We search every live HIP-4 market for hedges correlated with your top exposures.
04
Report.
You get a ranked proposal: "$X of risk reduced for $Y net cost — here's why."
WHAT YOU'LL RECEIVE
How we found 41x capital efficiency on a leveraged BTC short book.
PORTFOLIO AUDIT • May 11, 2026 Wallet: 0x7f...a2c1 Equity: $2.0M • Net long delta: -1.00 TOP 3 TAIL RISKS 1. BTC upside concentration 204% of NAV 2. ETH upside concentration 59% of NAV TOP RECOMMENDATION → Buy "BTC above $82,270" on 2026-05-11 @ 0.122 Hedge cost: $148,732 Cross-margin credit: -$118,986 NET COST: $29,746 Risk reduced: $1.2M Capital efficiency: 41x → Why: this bucket pays $1 per contract if BTC settles above $82,270 at the 06:00 UTC daily resolution. Buying 1.2M contracts at 0.122 hedges ~30% of your BTC upside squeeze risk. Hyperliquid's universal margin engine recognises the offset, freeing $118,986 of margin to keep working in your perp book.
Real audits include 5 risk categories, 3 ranked proposals each, executable trade tickets, and a 30-min review call. Audits are the first thing we built. They won't be the last.
AUDIT PRICING
Built for serious capital.
Pro Monitor
$499/mo
Everything in Free + Continuous monitoring · Daily re-audits · Email + Slack alerts · Web dashboard
Fund
$2,500/mo
Multi-account · Real-time alerts · API access · Priority support · Custom risk models
Book a callQualified clients
Who we work with.
This is for you if:
- You run $250K+ on Hyperliquid
- You hold concentrated perp or spot positions
- You've felt the pain of locked Polymarket capital
- You want hedges that don't drag on your book
- You can articulate your risk in two sentences
This is NOT for you if:
- You're new to Hyperliquid or DeFi
- You're trading <$50K
- You don't have an active perp book
- You want stock picks or alpha signals (we don't do those)
- You're a US person on a VPN (we have to ask)
Get started
Apply for a free audit.
Step 1 of 4
Wallet address — must start with 0x and be 42 characters total (0x + 40 hex).
ALSO FROM NEXWAVE
Not ready for a full audit?
HIP-4 Intelligence is the lighter-weight way to work with us — a weekly desk brief and real-time alerts on new outcome markets, so you stay current on what's structurally available without booking an audit.
HIP-3 · builder perps
Commodities, equities, and indices — on the same L1.
TradeXYZ and other HIP-3 DEXes list crude, gold, nat gas, and single-name equities as perps. Flow is hot; desk research isn't. We track cross-venue risk across crypto and HIP-3 books.
In audits today
Free capital-efficiency audits already ingest your main perp book plus TradeXYZ positions — so CL and GOLD concentration show up alongside BTC and ETH tail risk.
Weekly HIP-3 Pulse ($79/mo) — funding, OI, and concentration callouts — ships with Phase 1. Outcome markets (HIP-4) →
HIP-4 intelligence
Read the book before you hedge it.
Hyperliquid outcome markets are live but thin on desk research. The Desk Brief covers what's listed, what mids imply, and how buckets map to perp risk — no wallet required.
Sample — live HIP-4 buckets
Updated automatically when the weekly brief sends
Subscribe for the full issue: bucket table, expiry, and three desk bullets. Not investment advice.
HIP-4 Desk Brief
$79/mo founding
$29 single issue — via subscription
Weekly email on live outcome questions · Bucket labels & YES mids · Expiry & three desk bullets · Public HL /info data only
HIP-4 Launch Alerts
$99/mo founding
25 seats max
Email when Hyperliquid lists a new outcome question · Hours-not-days notice · Same data layer as the Brief
Office hours
$750/hr
Universal margin + HIP-4
60-minute Zoom on bucket choice, cross-margin credit, and how outcomes net against your perp book · Follow-up notes
Book via emailBoth products are independent of the audit. Subscribe at any time, cancel from your email. Capital-efficiency audits for large perp books remain available here. Desk Brief subscribers do not need to submit a wallet.
Questions
Things people ask.
Nexwave is built by traders running real strategies on Hyperliquid. The cross-margin analysis we sell is the analysis we do for our own positions every day. Early audit slots are limited because every audit is partially manual right now — every report is reviewed by a human before delivery. That's a feature, not a bug.
No. The free audit is read-only — we only need your wallet address. If you later opt into auto-execution (a separate Pro feature), you will create a revocable agent wallet that you control. Your master wallet keys never leave your machine.
No. We provide software-generated analysis and proposals. You retain full discretion on every trade. Nexwave is not a registered investment adviser.
Because if our analysis is right, you will see capital efficiency improvements in the first proposal that more than justify upgrading to continuous monitoring. The free audit is the demo.
Polymarket and Kalshi cannot compute cross-margin credit — they do not share a margin engine with a perp DEX. Nexwave is Hyperliquid-specific because the structural advantage we exploit only exists on Hyperliquid.
Hyperliquid itself is geo-restricted from US persons. We follow the same posture. We cannot onboard US-based users at this time.
We're a risk infrastructure team — we ship two products today (Capital Efficiency Audits and HIP-4 Intelligence) and are actively researching adjacent products including on-chain vaults and custom risk tools for funds. None of those are publicly available yet. If you have a specific need that doesn't fit either current product, tell us in the application form's risk field.
The audit is a deep, custom analysis of your specific portfolio — best for traders running $250K+ on Hyperliquid who want hedges tailored to their book. HIP-4 Intelligence is broader: a weekly brief and real-time alerts on the outcome markets themselves, so you stay current without booking a custom engagement. Many of our audit clients also subscribe to Intelligence. They serve different jobs.
Wallet addresses you submit are public on-chain data. We store the audit results and your contact info encrypted at rest. We never share your data with third parties. Full privacy policy at /privacy-policy.