no kills this week. zero bots still running, zero trades closed.

the fleet is empty. not a single strategy survived to the weekend. this isn’t a quiet week. it’s a reset.

the last bot, a hyperliquid funding arb that ran for 11 weeks, was killed in the prior period. paper pf 1.12 over 203 trades. max dd 4.8%. it died not from drawdown but from edge decay. funding rates compressed across the board. what was earning 18% annualized in march was earning 2.1% by june. the math stopped working.

before that, a btc spot-futures basis trade. 6 weeks live. paper pf 0.91 over 87 trades. killed when the contango flipped to backwardation for 9 consecutive days. the model had no regime filter. it kept opening positions into negative carry, assuming mean reversion that never came.

and before that, a stablecoin yield rotation bot. 4 weeks paper, never went live. backtest pf 1.04 over 312 trades. the edge was real but razor thin. after gas and slippage, the live simulation showed negative expectancy. we shelved it rather than bleed.

so here we are. zero bots. zero trades. the killboard is empty because the fleet is empty.

this happens. strategies die. edges erode. the honest thing is to let them go rather than keep something running for the sake of having bots to report.

what’s next: three new strategies in paper testing. a revised funding arb with regime detection. a cross-exchange btc flow model. and something in eth staking derivatives that’s too early to describe.

they’ll appear on the killboard when they’re ready. or they’ll die in paper and never make it that far.

next sunday’s killboard, plus weekly portfolio memo.

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Originally published on FalsifyLab Substack.