By Keel Research Team · Updated May 12, 2026
Each index is a deployable Keel strategy on Hyperliquid — pick a curated narrative or build your own from any HL perp universe. Every index ships with a backtest, methodology, and one-click deployment.
L/S sector rotation — long the active narrative, short the prior cycle. Dollar-balanced, only -8% max DD.
Decentralized GPU + inference tokens. Picks-and-shovels exposure to AI demand growth without picking individual winners.
Decentralized physical infrastructure — compute, storage, data. Broader DePIN exposure than AI Compute, with the same VVV anchor.
The HL-native basket — HYPE plus PURR, HYPER, and MOVE. Equal-weighted, captures the broader ecosystem rather than HYPE alone.
Counter-narrative basket. Currently in drawdown after the Jan 2026 XMR ATH; historically strong on regulatory cycles.
New-generation DeFi — yield, restaking, RWAs. Currently soft YTD; useful as the short leg of an AI-vs-DeFi rotation.
The passive large-cap baseline — on-chain BITW equivalent. Useful as the benchmark for whether narrative baskets are actually outperforming.
L/S regulatory-spread trade — long privacy coins, short new-gen DeFi yield. Both legs in YTD drawdown; basket extracts the spread.
Pick assets, choose a weighting scheme, optionally add a short side — get a deployable Keel strategy in one click.
Open Index Builder →Keel is a Strategy OS for AI-assisted systematic trading on Hyperliquid. Backtest, optimize, and run live strategies across single-stock perps, indices, and crypto majors — realistic fees, slippage, and funding modeled.
Free to start — connect a Hyperliquid wallet when you’re ready to go live.