About Keel

The research stack for Hyperliquid.

Keel is what serious systematic traders on Hyperliquid would build themselves if they had the time: typed strategy composition, deterministic backtests against real HL funding and price, walk-forward and Monte Carlo robustness checks, and live execution with bit-for-bit parity to the backtest.

Read the docs Open Keel
What Keel is

A deterministic strategy operating system for Hyperliquid.

Keel is a quantitative crypto trading platform built around Hyperliquid: strategy development, backtesting, live execution, and portfolio management on the venue with the deepest on-chain perp order book.

The core idea is simple. A strategy is a typed graph of components — data loaders, signals, normalizers, position sizers, risk overlays, executors — compiled into a deterministic artifact. The same compiled artifact runs in the backtester against real Hyperliquid history and in the live engine against the live exchange. The backtest does not approximate the live engine; it is the live engine, fed a different time source.

That property — bit-for-bit parity between simulation and production — is the differentiator. It is also the thing most existing backtesters quietly violate.

Principles

What we believe.

Deterministic, not generative

Backtests must match live execution bit-for-bit. The same compiled strategy artifact runs in the simulator and on the exchange — no drift between paper and prod.

Real data, not synthetic

Every backtest runs against the same Hyperliquid funding, price, and order-flow history that drove the live market. No re-priced bars, no infilled gaps, no model-implied funding curves.

Typed composition over freeform code

Strategies are typed pipelines of versioned components. Compile errors catch bugs at author time instead of in live trading. The same DSL works in the web app, the CLI, and through the MCP for AI agents.

Agents compose, the system executes

AI agents like Claude are useful for proposing components, summarizing results, and writing strategy code. They are not useful for execution, risk management, or order routing. Keel keeps the agent in the research loop and the deterministic engine in the trade loop.

Who builds Keel

The Keel Research Team.

Keel is built by a small team focused on one venue: Hyperliquid. Research and engineering are the same loop — every methodology page, comparison, and reference strategy on this site is written by the same people who own the corresponding code in production.

Articles, methodology pages, and comparisons published on this domain are authored by the Keel Research Team unless an individual byline is shown.

If you want to talk: see /contact. If you want the install path: /keel-mcp. If you want to read the engine docs: /docs.

Keep exploring

Start here

Install the Keel MCP

Add Keel to Claude Code, Codex, Cursor, Windsurf, or any MCP-capable agent.

Backtest Hyperliquid strategies

The backtest pillar — real fees, funding, slippage on ~220 HL perp markets.

Read the docs

CLI reference, MCP tool reference, API reference, getting-started.

What will you build?

Live on Hyperliquid in minutes.

Get started
Non-custodial
Your keys never leave your wallet. Your strategies run on your account — Keel never holds funds.
Same code, backtest to live
The strategy that passed your backtest is the strategy that trades. Same pipeline, no surprises.
Full visibility
See every position, trade, and decision in real time. Pause anytime. Your account, your control.