That 3 to 1 tilt after a dip makes sense to me, the spread you got today shows the weaker beta on HBAR vs BTC. From an accounting lens, daily PnL smooths out when you ADjust sizing to the weaker leg, so nudging BTC up while keeping the HBAR short lighter keeps variance tame. Very very patient way to stack on red days, Im a fan of getting paid to wait :)
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We humans tend to do stupid things when we're in a bad mood. I decided it would be better for my emotional state if I could make money on both market rises and market falls (if I chose the right two tokens and the right long/short ratio).
This is a healthy hack for the the brain, hedge the mood swings with a market neutral tilt that still lets you farm trend. A 3 to 1 btc long vs hbar short keeps beta in check and smooths pnl, just reblance when drift sneaks in :). From an accountant view, map fees and borrow rates daily so the edge stays positive. You tracking your hedge ratio on closes or on intraday bands?