HIGHstake
TEAR SHEET SMA · STRATEGY
// CONFIDENTIAL · TEAR SHEET
Highstake
Quantitative Digital Asset Alpha.
High-Precision Liquid Strategy
REPORTING PERIODJan 2025 – July 2026
TRACK RECORD19 months
ISSUED2026-06-03
DISTRIBUTIONCONFIDENTIAL
· CUMULATIVE NET
+139.43%
net of all fees
· ANNUALIZED
+73.57%
net return
· SHARPE RATIO
>3.0
annualized
· WORST MONTH
−9.96%
July 2026 · 18 of 19 positive
· DAILY HIT RATE
94.7%
486 of 513 days
· TRACK RECORD
19 mo
Jan 2025 – July 2026

Highstake operates a fully systematic counter-trend strategy on liquid perpetual futures, capturing short-term price dislocations driven by forced flows and leveraged position unwinds. Trading is fully automated across Binance, Bybit, and Hyperliquid, with adaptive risk gating and layered DCA entries acting as a tail-risk control. Strategy design prioritizes capital preservation and a high-frequency, small-per-trade return profile over directional conviction.

// 01 /→ MONTHLY NET RETURNS
// 02 /→ CUMULATIVE PERFORMANCE vs BTC & S&P 500 · same period
Highstake BTC S&P 500
// 03 /→ SUMMARY STATISTICS
Months observed19
Positive / Negative18 / 1
Average monthly (geo)+4.70%
Best month+9.97%
Worst month-9.96%
Cumulative net+139.43%
Annualized return+73.57%
HSBTCS&P
Cumulative+139.43%-31.7%+27.3%
Alpha vs HS—+171.2pp+112.1pp
Correlation—-0.700.93
// S&P 500 and BTC shown for directional context only; strategy is non-correlated to equity beta.
HIGHstake
TEAR SHEET RISK · TERMS
// 04 /→ RISK-ADJUSTED METRICS
Sharpe ratio (ann.)>3.0
Calmar5.93
Ann. volatility+14.12%
Max drawdown (realized)−12.4%
Daily hit rate94.7%
Avg holding period62.8 min
Strategy typeSystematic counter-trend
ExecutionFully automated · zero discretion
Leverage range3x – 6x
BTC correlation~0.06
VenuesBinance · Bybit · Hyperliquid
DenominationUSDT · BTC · ETH
Capacity~$5M per SMA at current liquidity
// 05 /→ QUARTERLY SNAPSHOT recent regime performance
June 2026
single month
+7.22%
Forced-flow activity broadened and directional distribution widened to an 80/20 long/short split.
trades
525
across 64 symbols
win rate
98.3%
516 of 525
positive days
97%
28 of 29
July 2026
single month
−9.96%
A long carried in from June 30 passed every entry filter, then was overtaken by a coordinated pump-and-dump in a thin small-cap perpetual; closed July 2 by discretionary review at −11.03% of account equity. The other 217 trades closed +2.61%; principal preserved.
trades
218
across 35 symbols
win rate
98.6%
215 of 218 closed
positive days
92%
23 of 25
// 06 /→ SMA TERMS
// On realized net profit only. No fee on AUM or unrealized marks.
// CONTACT
invest@highstake.app  ·  highstake.app  ·  @highstake_app
IMPORTANT DISCLOSURES

Past performance is not indicative of future results. Digital asset trading involves substantial risk, including the potential loss of the entire invested capital. Highstake LLC is not registered as an investment adviser in any jurisdiction; the fund operates on a private placement basis, available only to qualified allocators meeting the minimum allocation threshold. Returns shown are net strategy returns after trading, funding, and commission costs; before performance fee. S&P 500 and BTC comparisons shown for directional context only; the strategy is non-correlated to equity beta or BTC spot. Headline max drawdown of −12.4% reflects realized losses since inception, set on 2 July 2026 when a single position repriced −55.7% while held; intraday and notional-equity excursions may exceed this figure. Final terms confirmed in the SMA agreement. This document is confidential and intended solely for the recipient.