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Even if this turns out to be the local top for the current euphoria, running a pair or a basket is still +EV over the long run, as long as your core thesis holds true.
I personally love running baskets right now to hedge my long positions. It's not that I want to sell my bags, but I do want some downside protection without fully exiting.
At the moment, I'm sitting at roughly 1.35x net short on perpetuals, but the basket itself is still performing well. The real juice is coming from the Hyperliquid / native ratio, and the Ethereum / 0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 pair has been a solid contributor too.
This kind of setup keeps you flexible, hedged, and ready for whatever the market throws next. No need to panic sell, just stay smart with your risk management.
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