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Principal Guarantee not currently activeLearn more →Pooled over-the-counter desk · Hyperliquid · USDT

We don’t predict the price. We buy under it.

Northvane Perpetual Fund is a pooled over-the-counter desk trading Hyperliquid’s HYPE token. We buy HYPE directly from large holders below the market price and sell it at the market rate. You do none of the trading — you deposit USDT and earn a share of the profit, and every trade is recorded in a ledger you can read line by line.

The discount is fixed at the moment we buy, rather than forecast — though what the position finally sells for still decides the result.

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The terms

Target return per 30-day cycle
Up to 8%
Performance fee, on profit only
10%
Management and withdrawal fees
$0
How it works

One trade,four steps.

Follow one block of HYPE from the seller to your ledger, in four steps.

  1. 01 · Seller

    A holder sells privately.

    A large holder wants out without selling 250,000 HYPE into the public order book. They offer the block to the desk instead.

    250,000 HYPE · $9,605,000 at $38.42
  2. 02 · Desk

    The desk buys below market.

    Northvane Perpetual Fund prices and verifies the block, then buys it at a discount. That discount is where the return comes from.

    $36.50 a HYPE · $9,125,000 paid · −5.0%
  3. 03 · Market

    It goes back in tranches.

    The inventory returns to the public market in controlled tranches, not all at once. Each sale is recorded with its size and price.

    5 tranches · average $38.42 · $9,605,000
  4. 04 · Investors

    The profit posts to your ledger.

    The spread, less the 10% performance fee, is credited to investors in proportion to their capital, on a line you can open and check.

    +$480,000 spread · −$48,000 fee · +$432,000 credited
Your account

Every dollar,on the record.

Each profit, fee and withdrawal appears in your account with a receipt you can check. Nothing is changed after the fact.

Your accountExample
Profit from a tradeOTC-0142 · Mar 31, 2026
+$4,123.80
Your share of the profit
+$4,582.00
Performance fee, 10%
−$458.20
Credited to you
+$4,123.80
Never edited. Updates are added, never written over.
  1. Trade closed and your share recordedMar 31, 14:02
  2. Performance fee listed as its own lineMar 31, 14:02
  3. Credited to your balanceMar 31, 14:03
On the blockchain
Transaction0xc3a8…0e19

Anyone can check it, without asking the desk.

Statement ready

Every line of the month, as PDF or CSV, any day.

Returns and protection

What you can earn,and what is covered.

Up to 8%Target return per 30-day cycle. A target, not a guarantee.

18OF 30 DAYS
Withdraw profit Settles at cycle end, free
Reinvest Joins the next cycle

The principal-guarantee program is not in effect at the moment, so a deposit made now is not covered by it. While it ran it covered deposited principal only, never profit.

How the guarantee works →
Referrals

Introduce a client.Earn up to $1,000.

You earn from the 8–10% referral band on each client you introduce, up to $1,000 per client. Their terms never change.

  1. 01Share your link
  2. 02They open an account and deposit
  3. 03You earn, up to $1,000 per client
defundcapital.com/join/northvane/REF-7K2FExample
How the referral program works →
FAQ

Questionsbefore you deposit.

Short answers to what investors ask first.

Read the full FAQ →
What is Northvane Perpetual Fund?

A private desk for HYPE. Northvane Perpetual Fund buys large positions away from the public order book at a discount, sells them back to the market in controlled tranches, and credits the net profit to investors. Every step is recorded in your ledger.

What is the minimum deposit?

Deposits are made in USDT, with a minimum the desk sets, and there is no maximum. You can also fund by bank transfer, which is converted to crypto at the desk’s conversion fee.

Are returns guaranteed?

No. Up to 8% per 30-day cycle is a target ceiling, not a fixed rate: your actual return depends on trading results. The principal-guarantee program is not in effect at the moment, so a deposit made now is not covered by it.

What fees does Northvane Perpetual Fund charge?

A 10% performance fee, taken from profit only. There is no management fee and no withdrawal fee, and a losing trade is never charged. Crypto deposits are free; a fiat bank transfer is converted at the desk’s conversion fee.

Can I withdraw anytime?

Yes. Request a withdrawal on any day, in full or in part: there is no lock-up, no notice period and no penalty. Payouts are sent to a destination you confirmed in advance.

How can I track my money?

In your account. Every profit, fee and withdrawal is its own line with a receipt you can check. Nothing is edited after the fact: a correction is added as a new entry.

Open an account

Access HYPEat a better price.

Open an account, or talk to the desk first.

Open account →
Target returns are not guaranteed, and digital assets can fall in value. The principal-guarantee program is not currently in effect. [Risk disclosure: final wording from counsel.]This page describes how the desk operates. It is not an offer, not a solicitation, and not a promise of any result. Trades can lose, and a loss is recorded against client capital in the same way a profit is.Northvane Perpetual Fund's public page on the Defund platform.
© 2026 Northvane Perpetual Fund