Use cases
1. Narrative-based trading
Trade narratives by going long the winner and short the loser of the rotation.
Crypto trades on stories, and stories rotate. Capital flows from one narrative to the next (majors to alts, DeFi to AI, L1s to memes) and every rotation is by definition a relative move: something gains at something else's expense. Narrative trading puts that rotation on directly.
The setup
You go long the asset or theme carrying the narrative and short the one it's stealing attention from.
- Single pair: "long the leader, short the laggard": long HYPE, short SOL if you think the Hyperliquid story outruns Solana's this quarter.
- Basket: one name per side becomes many: long a basket of Solana-ecosystem tokens against a basket of Ethereum-ecosystem tokens, and trade "Solana beats Ethereum" as a single position: one PnL, one funding number, one set of risk controls, up to 15 legs per position (both sides combined).
How to trade it on Orchard
- Start from a market basket in the Baskets panel (Agent Pear publishes ready-made narrative market baskets with a written thesis and suggested leverage) or build your own in the token picker.
- Check the Agent Stats panel first: it tells you whether the two sides are actually related before you commit (correlation, cointegration, z-score).
- Open the position, and turn on Auto-Rebalance if you want the theme kept balanced as individual names run.
Legs must all list on the same venue. See Baskets.
Related: Baskets · Agent Pear Signals · Auto-Rebalance