Performance Report
Q2
2026
April 1 – June 30, 2026
Vela closed Q2 up +4.0%, cushioning a rough crypto quarter. Bitcoin fell 14.1%. The S&P 500 rose 14.3%. 207 trades, 27 assets, every one below.
+4.0%
Vela Return
−14.1%
BTC (Benchmark)
+14.3%
S&P 500 (Benchmark)
207
Total Trades
A Note from the Founder
Q2 2026: A quarter that rewarded flexibility

Q2 was shaped by war in the Middle East. Oil and gold spiked and cooled with every headline. Crypto sold off in the same risk-off flow, and Bitcoin ended the quarter down 14%. Meanwhile, strong earnings from big tech and industrials carried the S&P 500 up 14%, largely shrugging off the geopolitical noise. Same quarter, four asset classes, four different stories.

Vela finished up +4.0%. Not because we called any single move perfectly, but because the engine is built to move with signals rather than sit in one asset class waiting.

Vela watches 27 assets across crypto, equities, commodities, and indices. When signals in equities strengthen, capital rotates there. When the setup on crypto flips short, Vela trades the short side instead. There's no permanent home. Where the evidence lines up, capital follows.

That's how the quarter played out. Equities did most of the heavy lifting: trailing stops on MSFT and SNDK caught strong earnings-driven runs, and steady entries on AAPL and NVDA added on top. Vela's crypto positions worked in the other direction, running a well-timed BTC short that returned +11% over 11 days and cushioning against the broader drawdown. Commodities were where the engine had the roughest time: oil and gold moved on individual news events faster than shorter-timeframe signals could keep up with. Q3 will bring signal upgrades aimed at exactly that kind of headline-driven action.

Shipped in Q2
  • Signal coverage expanded to 27 assets across crypto, equities, commodities, and indices
  • Card, bank & Apple Pay funding, powered by Moonpay and Privy
  • Dashboard redesign with cleaner performance visuals
  • Native on-exchange trailing stops on spot positions
  • Smarter daily-loss protection based on realized net P&L
  • Unlimited concurrent positions on Premium

Thank you for being here. Every subscriber makes it possible for us to keep sharpening the engine, and we don't take that lightly. Q3 is already underway: smarter exits calibrated to each asset's rhythm, broader coverage, a redesigned mobile-first experience, and yield on funds sitting between trades. All of it is aimed at the same thing, better returns, quarter after quarter.

Q3 report publishes in the first week of October.

Henry Uku
Founder, Vela · July 2026
+4.0%
Trading Return · Apr 1 – Jun 30
Realized P&L as % of average deployed capital
+18.1%
Ahead of Bitcoin
BTC returned −14.1% over the same period
207
Total trades · 27 assets
Across crypto, equities, commodities & indices
3 of 3
Months positive
Apr +0.5% · May +1.0% · Jun +2.6%
Vela
+4.0%
Bitcoin
−14.1%
S&P 500
+14.3%
Half BTC, half S&P
+0.1%
The last row shows a blended benchmark: what an investor would have earned holding 50% Bitcoin and 50% S&P 500 through the quarter. Vela beat that blend by 3.9%.
April
+0.5%
94 trades · 46.8% win rate
May
+1.0%
63 trades · 57.1% win rate
June
+2.6%
50 trades · 50.0% win rate
74
Time Exit
59
Stop Loss
43
Trailing Stop
31
Signal Exit
Equities
Where most of the return came from
+6.95%
48 trades
14 assets
58% win rate
MSFT and SNDK ran on strong earnings and were caught by trailing stops. AAPL and NVDA added steadily. TSLA and INTC dragged.
Indices
Small but positive
+0.54%
11 trades
2 assets
55% win rate
SPX and XYZ100. First full quarter trading indices. Early signals look promising. More index coverage coming in Q3.
Crypto
Held ground in a rough quarter
+0.44%
124 trades
6 assets
49% win rate
Roughly flat while Bitcoin fell 14%. A well-timed BTC short returned +11.19% over 11 days. HYPE trailing-stop wins covered ETH and SOL weakness.
Commodities
The drag
−3.88%
24 trades
5 assets
42% win rate
OIL and GOLD whipsawed on political headlines faster than shorter-timeframe signals could react. Signal filter tightened for Q3.
Top & bottom performers by asset
Asset Trades Win rate Best Worst Net
Cumulative Return · Apr 1 – Jun 30
Apr 1 · 0.0% May 15 Jun 30 · +4.0%
Best call
+11.19%
BTC · short · May 22 – Jun 3
Signal engine flipped short on BTC at the top of a local rally. The trade ran 11 days as Bitcoin unwound. Trailing stop locked in gains at the peak.
Worst call
−9.56%
OIL · short · Apr 12 – Apr 13
Weekend geopolitical headlines gapped oil sharply against a short entry. Stop loss triggered inside 24 hours. Filter tightened after this trade.
Signal engine highlights from Q2
  • 27-asset universe: coverage expanded from crypto-only to include equities (AAPL, MSFT, NVDA, AMZN, GOOGL, META, DELL, SPCX and more), commodities (OIL, GOLD, COPPER, SILVER, NATGAS), and indices (SPX, XYZ100).
  • 30-minute scanner extended: the shorter-timeframe scanner now runs on the full 27-asset universe alongside the 4-hour primary signal, catching faster moves on earnings and news days.
  • Native trailing stops on spot: spot positions now use on-exchange trigger orders instead of polling. Exits are tighter and slippage is measurably smaller.
  • Smarter daily-loss protection: the risk-guard now uses net realized P&L against start-of-day equity, correctly crediting wins that offset earlier losses.
  • BTC 30m shorts disabled: after a data review showed a 55% stop-loss rate on the shorter-timeframe BTC short setup, we shut it off. Longer-timeframe BTC shorts remain.
  • Post-trade attribution: every closed trade now gets a full decomposition of what drove its P&L, feeding directly back into how the next generation of signals gets calibrated.
  • News pipeline upgrades: breaking-news signals now aggregate headlines across sources, filter noise earlier, and reject weak setups before they reach live trading.
Q3 2026 (July – September) is the product's next chapter. Here's what we're building.
📱
Mobile app
Native iOS and Android. Signals, positions, and account management in your pocket. The web app stays; mobile joins it.
Product
Full UI redesign
A ground-up rebuild of every screen. Cleaner hierarchy, richer performance visualization, and a friendlier first-run experience.
Product
🎁
In-app rewards
Points, streaks, and referral bonuses built directly into the app. Ways to earn credit toward your subscription or trading capital.
Growth
📈
Yield on idle balances
Earn on funds sitting uninvested between trades. Capital works even when the engine isn't holding a position.
Yield

Q3 performance report publishes October 1, 2026. Every trade, every asset, no omissions. To follow Vela: getvela.xyz · X: @vela_HQ

How signals work

Vela watches price action, volume, and trend strength around the clock. When the evidence lines up, trend, strength, and market conditions all pointing the same direction, a signal fires. Green means the engine sees a long opportunity. Red means short. Gray means no clear edge, so no trade.

Signals are generated across multiple timeframes: a 4-hour primary signal and a 30-minute scanner. A market regime filter suppresses entries when broader conditions are unfavorable.

How trades execute

When a signal fires, Vela opens a position automatically on Premium, or sends you an alert to approve first on Standard. Position size is a percentage of your account balance. All trades run on Hyperliquid: your funds stay in your own wallet at all times, not held by Vela. Leverage defaults to 1x and can be adjusted in account settings.

How trades close

Every position has a pre-defined exit. Four things can close a trade:

  • Time Exit: the trade ran its full scheduled window and closed on the clock.
  • Stop Loss: price moved against the position and hit the risk limit. Closes automatically to protect capital.
  • Trailing Stop: price moved in our favor, then pulled back past a threshold. Locks in gains at or near the peak.
  • Signal Exit: a new opposing signal fired. The engine updated its view and closed the position.
How results are calculated

Trading return is computed as total realized USD P&L divided by average deployed capital across the quarter. Average capital is the time-weighted average of USDC balance in the tracked wallet, accounting for deposits.

Win rate counts trades that closed with positive P&L. Benchmark returns (BTC, S&P 500) are computed from Hyperliquid daily candles at April 1 open and June 30 close. The report reflects one tracked full-auto Premium account with default settings. Individual results vary based on account balance, position sizing, and market entry timing.

In Q1 2026, Vela tracked BTC, ETH, SOL, and HYPE. Q2 expanded coverage to 27 assets across crypto, equities, commodities, and indices.

Not Financial Advice. This report is published for informational and transparency purposes only. Nothing in this report constitutes financial advice, investment advice, trading advice, or any other advice. Vela and VelaFi Inc. are not registered investment advisers, brokers, or financial planners. You should consult a qualified financial adviser before making any investment decisions.

Past Performance. Past performance does not guarantee future results. The trading results described in this report reflect actual live trades executed on the Hyperliquid decentralized exchange during the period April 1 – June 30, 2026, on one tracked full-auto Premium account. Individual user results vary based on account balance, position sizing, subscription tier, and market timing. Small-account effects (fee ratios, minimum position sizes, funding rate impact) may differ meaningfully at larger account balances.

Benchmarks. BTC and S&P 500 benchmark returns are computed from Hyperliquid daily candle data at April 1, 2026 open and June 30, 2026 close. These are point-to-point returns and do not reflect volatility, drawdowns, or any transaction costs associated with buying and holding the underlying assets.

Risk of Loss. Trading perpetual futures involves substantial risk of loss, including the possible loss of all invested capital. Cryptocurrency and equity markets are volatile. Prices can move rapidly against open positions. You should only trade with funds you can afford to lose entirely.

No Guarantee. Vela's signal engine uses algorithmic analysis of price, volume, and momentum indicators. Signals may be wrong. No algorithm eliminates the possibility of loss. Market conditions can change in ways that cause even high-probability setups to fail.

Custody. Vela does not hold user funds. All capital remains in user-controlled wallets on the Hyperliquid protocol. Vela has no ability to withdraw, transfer, or access user funds.

Regulatory Notice. Vela's services may not be available in all jurisdictions. Users are responsible for ensuring compliance with the laws of their local jurisdiction before using Vela's platform.

VelaFi Inc.
Published July 5, 2026 · getvela.xyz
© 2026 VelaFi Inc. All rights reserved.
# Date Asset Direction Duration Exit P&L
# Date Asset Direction Duration Exit P&L
# Date Asset Direction Duration Exit P&L
# Date Asset Direction Duration Exit P&L