{
  "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
  "npz": "DEX_DATA/fast_npz/synd_usdc_apr_full2.npz",
  "time_from": "2026-04-01T00:00:00Z",
  "time_to": "2026-05-03T00:00:00Z",
  "rows": 15178,
  "capital_mode": "grid",
  "summary_csv": "/mnt/data/browser_dex_search/synd_apr_screen/summary.csv",
  "best_by_score": [
    {
      "strategy": "periodic_90_1_168h",
      "lower_pct": 90.0,
      "upper_pct": 1.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 25.0,
      "initial_capital_usd": 25.0,
      "equity_end_usd": 25.2901793319539,
      "return_pct": 1.1607173278155969,
      "mdd_pct": -30.682682730926825,
      "fees_earned_total": 2.5606351481250313,
      "fees_reinvested": 0.5472988627125074,
      "fees_uncollected_end": 2.013336285412525,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 23.276843046541376,
      "time_in_range_pct": 39.23441823692186,
      "avg_liquidity_share_pct_when_in_range": 0.10089358283538227,
      "p95_liquidity_share_pct_when_in_range": 0.5916906537856393,
      "p99_liquidity_share_pct_when_in_range": 0.7787556627435186,
      "max_liquidity_share_pct_when_in_range": 2.685708111990521,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 5.8095243957077365,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.290179331953901,
      "deployable_capital_usd": 25.0,
      "unused_capital_usd": 975.0,
      "return_on_deployed_capital_pct": 1.160717327815604,
      "return_on_total_capital_pct": 0.029017933195390103,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_1_168h__cap_25",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -20.28464813403805
    },
    {
      "strategy": "periodic_90_1_168h",
      "lower_pct": 90.0,
      "upper_pct": 1.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 50.0,
      "initial_capital_usd": 50.0,
      "equity_end_usd": 50.56028292838728,
      "return_pct": 1.120565856774558,
      "mdd_pct": -30.684053638332152,
      "fees_earned_total": 5.101154131283393,
      "fees_reinvested": 1.0940938103680469,
      "fees_uncollected_end": 4.007060320915347,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 46.55322260747193,
      "time_in_range_pct": 39.23441823692186,
      "avg_liquidity_share_pct_when_in_range": 0.2006144892460806,
      "p95_liquidity_share_pct_when_in_range": 1.17640896261891,
      "p99_liquidity_share_pct_when_in_range": 1.5454606959622663,
      "max_liquidity_share_pct_when_in_range": 5.2308793916862015,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 11.598973055894952,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.5602829283872808,
      "deployable_capital_usd": 50.0,
      "unused_capital_usd": 950.0,
      "return_on_deployed_capital_pct": 1.1205658567745616,
      "return_on_total_capital_pct": 0.05602829283872808,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_1_168h__cap_50",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -20.327541419889744
    },
    {
      "strategy": "periodic_90_1_168h",
      "lower_pct": 90.0,
      "upper_pct": 1.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 100.0,
      "initial_capital_usd": 100.0,
      "equity_end_usd": 101.04404661587488,
      "return_pct": 1.0440466158748718,
      "mdd_pct": -30.686789704872186,
      "fees_earned_total": 10.12562756500044,
      "fees_reinvested": 2.186175220985284,
      "fees_uncollected_end": 7.939452344015139,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 93.10459427185974,
      "time_in_range_pct": 39.23441823692186,
      "avg_liquidity_share_pct_when_in_range": 0.3967357013744183,
      "p95_liquidity_share_pct_when_in_range": 2.32541583888319,
      "p99_liquidity_share_pct_when_in_range": 3.0438207616526083,
      "max_liquidity_share_pct_when_in_range": 9.941541438975213,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 23.121426870890218,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 1.0440466158748762,
      "deployable_capital_usd": 100.0,
      "unused_capital_usd": 900.0,
      "return_on_deployed_capital_pct": 1.0440466158748762,
      "return_on_total_capital_pct": 0.10440466158748762,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_1_168h__cap_100",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -20.4095327938695
    },
    {
      "strategy": "periodic_90_2_168h",
      "lower_pct": 90.0,
      "upper_pct": 2.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 25.0,
      "initial_capital_usd": 25.0,
      "equity_end_usd": 25.247904889232316,
      "return_pct": 0.9916195569292574,
      "mdd_pct": -31.02283606653593,
      "fees_earned_total": 2.6117895652461947,
      "fees_reinvested": 0.6102437588565619,
      "fees_uncollected_end": 2.0015458063896254,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 23.24635908284269,
      "time_in_range_pct": 43.411516668862824,
      "avg_liquidity_share_pct_when_in_range": 0.09335680787611017,
      "p95_liquidity_share_pct_when_in_range": 0.5039124527111634,
      "p99_liquidity_share_pct_when_in_range": 0.7742080743079364,
      "max_liquidity_share_pct_when_in_range": 2.6703244599347133,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 5.767249952986152,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.24790488923231635,
      "deployable_capital_usd": 25.0,
      "unused_capital_usd": 975.0,
      "return_on_deployed_capital_pct": 0.9916195569292654,
      "return_on_total_capital_pct": 0.024790488923231636,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_2_168h__cap_25",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -21.1340525761426
    },
    {
      "strategy": "periodic_90_2_168h",
      "lower_pct": 90.0,
      "upper_pct": 2.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 50.0,
      "initial_capital_usd": 50.0,
      "equity_end_usd": 50.47591557174013,
      "return_pct": 0.9518311434802529,
      "mdd_pct": -31.024209430421877,
      "fees_earned_total": 5.2036392205036845,
      "fees_reinvested": 1.2199391068396184,
      "fees_uncollected_end": 3.9837001136640597,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 46.492215458076075,
      "time_in_range_pct": 43.411516668862824,
      "avg_liquidity_share_pct_when_in_range": 0.1856637553565027,
      "p95_liquidity_share_pct_when_in_range": 1.0027610647789875,
      "p99_liquidity_share_pct_when_in_range": 1.536503925987484,
      "max_liquidity_share_pct_when_in_range": 5.2016921202867215,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 11.514605699247802,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.4759155717401313,
      "deployable_capital_usd": 50.0,
      "unused_capital_usd": 950.0,
      "return_on_deployed_capital_pct": 0.9518311434802627,
      "return_on_total_capital_pct": 0.04759155717401314,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_2_168h__cap_50",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -21.1765877173635
    },
    {
      "strategy": "periodic_90_2_168h",
      "lower_pct": 90.0,
      "upper_pct": 2.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 100.0,
      "initial_capital_usd": 100.0,
      "equity_end_usd": 100.8759757528521,
      "return_pct": 0.8759757528520984,
      "mdd_pct": -31.026950444058066,
      "fees_earned_total": 10.331240526904738,
      "fees_reinvested": 2.437688055565129,
      "fees_uncollected_end": 7.893552471339565,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 92.98242328151254,
      "time_in_range_pct": 43.411516668862824,
      "avg_liquidity_share_pct_when_in_range": 0.3673035522041484,
      "p95_liquidity_share_pct_when_in_range": 1.9855691163913092,
      "p99_liquidity_share_pct_when_in_range": 3.02644210861958,
      "max_liquidity_share_pct_when_in_range": 9.888797055267224,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 22.95335600786744,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.8759757528520993,
      "deployable_capital_usd": 100.0,
      "unused_capital_usd": 900.0,
      "return_on_deployed_capital_pct": 0.8759757528520993,
      "return_on_total_capital_pct": 0.08759757528520994,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_2_168h__cap_100",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -21.25792513526403
    },
    {
      "strategy": "periodic_90_1_336h",
      "lower_pct": 90.0,
      "upper_pct": 1.0,
      "rebalance_hours": 336.0,
      "rebalance_mode": "periodic",
      "capital_usd": 25.0,
      "initial_capital_usd": 25.0,
      "equity_end_usd": 25.21161211167652,
      "return_pct": 0.8464484467060718,
      "mdd_pct": -31.341770809339298,
      "fees_earned_total": 2.673123691324044,
      "fees_reinvested": 0.6657842901990021,
      "fees_uncollected_end": 2.0073394011250465,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 23.20427271055147,
      "time_in_range_pct": 44.70944788509685,
      "avg_liquidity_share_pct_when_in_range": 0.09295401879097781,
      "p95_liquidity_share_pct_when_in_range": 0.5037510876842961,
      "p99_liquidity_share_pct_when_in_range": 0.7763885235911966,
      "max_liquidity_share_pct_when_in_range": 2.677700948214073,
      "rebalances": 2,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 5.730957175430355,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.21161211167651928,
      "deployable_capital_usd": 25.0,
      "unused_capital_usd": 975.0,
      "return_on_deployed_capital_pct": 0.8464484467060771,
      "return_on_total_capital_pct": 0.02116121116765193,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_1_336h__cap_25",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -21.877093171972525
    },
    {
      "strategy": "periodic_90_1_336h",
      "lower_pct": 90.0,
      "upper_pct": 1.0,
      "rebalance_hours": 336.0,
      "rebalance_mode": "periodic",
      "capital_usd": 50.0,
      "initial_capital_usd": 50.0,
      "equity_end_usd": 50.403162999117995,
      "return_pct": 0.8063259982360016,
      "mdd_pct": -31.34306630071475,
      "fees_earned_total": 5.326138678259726,
      "fees_reinvested": 1.3309634766087726,
      "fees_uncollected_end": 3.995175201650941,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 46.40798779746706,
      "time_in_range_pct": 44.70944788509685,
      "avg_liquidity_share_pct_when_in_range": 0.18488070997279496,
      "p95_liquidity_share_pct_when_in_range": 1.0024403866889298,
      "p99_liquidity_share_pct_when_in_range": 1.5407961130108803,
      "max_liquidity_share_pct_when_in_range": 5.2156805763333836,
      "rebalances": 2,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 11.441853126625666,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.40316299911799547,
      "deployable_capital_usd": 50.0,
      "unused_capital_usd": 950.0,
      "return_on_deployed_capital_pct": 0.806325998235991,
      "return_on_total_capital_pct": 0.04031629991179955,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_1_336h__cap_50",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -21.919806603193496
    },
    {
      "strategy": "periodic_90_1_336h",
      "lower_pct": 90.0,
      "upper_pct": 1.0,
      "rebalance_hours": 336.0,
      "rebalance_mode": "periodic",
      "capital_usd": 100.0,
      "initial_capital_usd": 100.0,
      "equity_end_usd": 100.72983339949376,
      "return_pct": 0.7298333994937511,
      "mdd_pct": -31.34565187681576,
      "fees_earned_total": 10.575595132652797,
      "fees_reinvested": 2.6595103102483435,
      "fees_uncollected_end": 7.9160848224044305,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 92.81374857708933,
      "time_in_range_pct": 44.70944788509685,
      "avg_liquidity_share_pct_when_in_range": 0.36582392067405034,
      "p95_liquidity_share_pct_when_in_range": 1.9849358249486255,
      "p99_liquidity_share_pct_when_in_range": 3.0347610501708644,
      "max_liquidity_share_pct_when_in_range": 9.914050472526778,
      "rebalances": 2,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 22.8072136545091,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.7298333994937565,
      "deployable_capital_usd": 100.0,
      "unused_capital_usd": 900.0,
      "return_on_deployed_capital_pct": 0.7298333994937565,
      "return_on_total_capital_pct": 0.07298333994937566,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_1_336h__cap_100",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -22.001470354137773
    },
    {
      "strategy": "periodic_90_2_336h",
      "lower_pct": 90.0,
      "upper_pct": 2.0,
      "rebalance_hours": 336.0,
      "rebalance_mode": "periodic",
      "capital_usd": 25.0,
      "initial_capital_usd": 25.0,
      "equity_end_usd": 25.143963644905565,
      "return_pct": 0.5758545796222592,
      "mdd_pct": -31.71329727084814,
      "fees_earned_total": 2.6958262276486775,
      "fees_reinvested": 0.7022568458123251,
      "fees_uncollected_end": 1.9935693818363496,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 23.150394263069217,
      "time_in_range_pct": 47.9971010673343,
      "avg_liquidity_share_pct_when_in_range": 0.08782014463912875,
      "p95_liquidity_share_pct_when_in_range": 0.46866673736549525,
      "p99_liquidity_share_pct_when_in_range": 0.771077689974732,
      "max_liquidity_share_pct_when_in_range": 2.659732940738302,
      "rebalances": 2,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 5.6633087086594,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.1439636449055648,
      "deployable_capital_usd": 25.0,
      "unused_capital_usd": 975.0,
      "return_on_deployed_capital_pct": 0.5758545796222592,
      "return_on_total_capital_pct": 0.01439636449055648,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_2_336h__cap_25",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -22.890739962074022
    },
    {
      "strategy": "periodic_90_2_336h",
      "lower_pct": 90.0,
      "upper_pct": 2.0,
      "rebalance_hours": 336.0,
      "rebalance_mode": "periodic",
      "capital_usd": 50.0,
      "initial_capital_usd": 50.0,
      "equity_end_usd": 50.268109577570534,
      "return_pct": 0.53621915514106,
      "mdd_pct": -31.714573711891493,
      "fees_earned_total": 5.3717839116474995,
      "fees_reinvested": 1.4038892863053405,
      "fees_uncollected_end": 3.967894625342146,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 46.30021495222839,
      "time_in_range_pct": 47.9971010673343,
      "avg_liquidity_share_pct_when_in_range": 0.17469483459202254,
      "p95_liquidity_share_pct_when_in_range": 0.9329495471762493,
      "p99_liquidity_share_pct_when_in_range": 1.5303364848794985,
      "max_liquidity_share_pct_when_in_range": 5.181587021632565,
      "rebalances": 2,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 11.306799705078205,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.26810957757053444,
      "deployable_capital_usd": 50.0,
      "unused_capital_usd": 950.0,
      "return_on_deployed_capital_pct": 0.5362191551410689,
      "return_on_total_capital_pct": 0.026810957757053444,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_2_336h__cap_50",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -22.932928268641923
    },
    {
      "strategy": "periodic_90_2_336h",
      "lower_pct": 90.0,
      "upper_pct": 2.0,
      "rebalance_hours": 336.0,
      "rebalance_mode": "periodic",
      "capital_usd": 100.0,
      "initial_capital_usd": 100.0,
      "equity_end_usd": 100.46062789231996,
      "return_pct": 0.4606278923199536,
      "mdd_pct": -31.717121300203786,
      "fees_earned_total": 10.667773546558147,
      "fees_reinvested": 2.8052847919493193,
      "fees_uncollected_end": 7.862488754608836,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 92.59813913771113,
      "time_in_range_pct": 47.9971010673343,
      "avg_liquidity_share_pct_when_in_range": 0.34576477933393074,
      "p95_liquidity_share_pct_when_in_range": 1.8486072160386688,
      "p99_liquidity_share_pct_when_in_range": 3.014468032551295,
      "max_liquidity_share_pct_when_in_range": 9.852430666683995,
      "rebalances": 2,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 22.538008147335304,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.4606278923199625,
      "deployable_capital_usd": 100.0,
      "unused_capital_usd": 900.0,
      "return_on_deployed_capital_pct": 0.46062789231996243,
      "return_on_total_capital_pct": 0.04606278923199625,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_2_336h__cap_100",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -23.013614708087616
    },
    {
      "strategy": "periodic_90_5_168h",
      "lower_pct": 90.0,
      "upper_pct": 5.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 25.0,
      "initial_capital_usd": 25.0,
      "equity_end_usd": 25.231345597363774,
      "return_pct": 0.9253823894550983,
      "mdd_pct": -31.96298977693479,
      "fees_earned_total": 2.8545076807862593,
      "fees_reinvested": 0.878446939963858,
      "fees_uncollected_end": 1.976060740822399,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 23.255284856541376,
      "time_in_range_pct": 56.51601001449467,
      "avg_liquidity_share_pct_when_in_range": 0.07642886078646638,
      "p95_liquidity_share_pct_when_in_range": 0.3516291536001062,
      "p99_liquidity_share_pct_when_in_range": 0.7639272075065456,
      "max_liquidity_share_pct_when_in_range": 2.6370591676821036,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 5.750690661117609,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.2313455973637737,
      "deployable_capital_usd": 25.0,
      "unused_capital_usd": 975.0,
      "return_on_deployed_capital_pct": 0.9253823894550949,
      "return_on_total_capital_pct": 0.02313455973637737,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_5_168h__cap_25",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -23.08059716441448
    },
    {
      "strategy": "periodic_90_5_168h",
      "lower_pct": 90.0,
      "upper_pct": 5.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 50.0,
      "initial_capital_usd": 50.0,
      "equity_end_usd": 50.443082621435636,
      "return_pct": 0.8861652428712619,
      "mdd_pct": -31.964385211602554,
      "fees_earned_total": 5.6893368228897145,
      "fees_reinvested": 1.7561415921446157,
      "fees_uncollected_end": 3.933195230745099,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 46.50988739069054,
      "time_in_range_pct": 56.51601001449467,
      "avg_liquidity_share_pct_when_in_range": 0.15206654712846832,
      "p95_liquidity_share_pct_when_in_range": 0.7007839020109122,
      "p99_liquidity_share_pct_when_in_range": 1.5162492999006347,
      "max_liquidity_share_pct_when_in_range": 5.138538634334765,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 11.481772748943307,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.4430826214356358,
      "deployable_capital_usd": 50.0,
      "unused_capital_usd": 950.0,
      "return_on_deployed_capital_pct": 0.8861652428712716,
      "return_on_total_capital_pct": 0.044308262143563586,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_5_168h__cap_50",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -23.122605180333846
    },
    {
      "strategy": "periodic_90_5_168h",
      "lower_pct": 90.0,
      "upper_pct": 5.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 100.0,
      "initial_capital_usd": 100.0,
      "equity_end_usd": 100.81132148354686,
      "return_pct": 0.8113214835468563,
      "mdd_pct": -31.967170375479647,
      "fees_earned_total": 11.303550451696637,
      "fees_reinvested": 3.5092786496558372,
      "fees_uncollected_end": 7.7942718020407735,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 93.0170496815061,
      "time_in_range_pct": 56.51601001449467,
      "avg_liquidity_share_pct_when_in_range": 0.3010984187835017,
      "p95_liquidity_share_pct_when_in_range": 1.3917739872143076,
      "p99_liquidity_share_pct_when_in_range": 2.9871202242306936,
      "max_liquidity_share_pct_when_in_range": 9.774537248236632,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 22.888701738562204,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.8113214835468625,
      "deployable_capital_usd": 100.0,
      "unused_capital_usd": 900.0,
      "return_on_deployed_capital_pct": 0.8113214835468625,
      "return_on_total_capital_pct": 0.08113214835468625,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_5_168h__cap_100",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -23.203019267412436
    },
    {
      "strategy": "periodic_90_5_168h",
      "lower_pct": 90.0,
      "upper_pct": 5.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 300.0,
      "initial_capital_usd": 300.0,
      "equity_end_usd": 301.65044039305707,
      "return_pct": 0.55014679768568,
      "mdd_pct": -31.978235543266976,
      "fees_earned_total": 33.123791050556434,
      "fees_reinvested": 10.491965084329665,
      "fees_uncollected_end": 22.631825966226806,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 279.01861442683025,
      "time_in_range_pct": 56.51601001449467,
      "avg_liquidity_share_pct_when_in_range": 0.8711128914091478,
      "p95_liquidity_share_pct_when_in_range": 4.061792976926119,
      "p99_liquidity_share_pct_when_in_range": 8.455266269879194,
      "max_liquidity_share_pct_when_in_range": 24.526355843108032,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 67.88258115810311,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 1.6504403930570675,
      "deployable_capital_usd": 300.0,
      "unused_capital_usd": 700.0,
      "return_on_deployed_capital_pct": 0.5501467976856892,
      "return_on_total_capital_pct": 0.16504403930570677,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_5_168h__cap_300",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -23.48632428884827
    },
    {
      "strategy": "periodic_90_1_72h",
      "lower_pct": 90.0,
      "upper_pct": 1.0,
      "rebalance_hours": 72.0,
      "rebalance_mode": "periodic",
      "capital_usd": 25.0,
      "initial_capital_usd": 25.0,
      "equity_end_usd": 24.309851180328476,
      "return_pct": -2.7605952786860954,
      "mdd_pct": -30.835956923040044,
      "fees_earned_total": 2.1343044618545517,
      "fees_reinvested": 2.0435642764712565,
      "fees_uncollected_end": 0.09074018538329678,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 24.21911099494518,
      "time_in_range_pct": 38.101199103966266,
      "avg_liquidity_share_pct_when_in_range": 0.06522872623489159,
      "p95_liquidity_share_pct_when_in_range": 0.15639588191746584,
      "p99_liquidity_share_pct_when_in_range": 0.6791453753805423,
      "max_liquidity_share_pct_when_in_range": 2.669054002702727,
      "rebalances": 10,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 4.829196244082311,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": -0.6901488196715242,
      "deployable_capital_usd": 25.0,
      "unused_capital_usd": 975.0,
      "return_on_deployed_capital_pct": -2.7605952786860968,
      "return_on_total_capital_pct": -0.06901488196715243,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_1_72h__cap_25",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -24.632509124766184
    },
    {
      "strategy": "periodic_90_1_72h",
      "lower_pct": 90.0,
      "upper_pct": 1.0,
      "rebalance_hours": 72.0,
      "rebalance_mode": "periodic",
      "capital_usd": 50.0,
      "initial_capital_usd": 50.0,
      "equity_end_usd": 48.603081476458144,
      "return_pct": -2.7938370470837137,
      "mdd_pct": -30.83735736888479,
      "fees_earned_total": 4.251950406264242,
      "fees_reinvested": 4.071305230447737,
      "fees_uncollected_end": 0.18064517581652137,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 48.42243630064162,
      "time_in_range_pct": 38.101199103966266,
      "avg_liquidity_share_pct_when_in_range": 0.12967897093334435,
      "p95_liquidity_share_pct_when_in_range": 0.3123009892216549,
      "p99_liquidity_share_pct_when_in_range": 1.3491181837961288,
      "max_liquidity_share_pct_when_in_range": 5.199297820425957,
      "rebalances": 10,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 9.641771603965815,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": -1.3969185235418564,
      "deployable_capital_usd": 50.0,
      "unused_capital_usd": 950.0,
      "return_on_deployed_capital_pct": -2.793837047083713,
      "return_on_total_capital_pct": -0.13969185235418566,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_1_72h__cap_50",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -24.66855178485329
    },
    {
      "strategy": "periodic_90_1_72h",
      "lower_pct": 90.0,
      "upper_pct": 1.0,
      "rebalance_hours": 72.0,
      "rebalance_mode": "periodic",
      "capital_usd": 100.0,
      "initial_capital_usd": 100.0,
      "equity_end_usd": 97.1431778573286,
      "return_pct": -2.8568221426714,
      "mdd_pct": -30.8401524076773,
      "fees_earned_total": 8.440765301875196,
      "fees_reinvested": 8.082737748418976,
      "fees_uncollected_end": 0.3580275534562258,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 96.78515030387237,
      "time_in_range_pct": 38.101199103966266,
      "avg_liquidity_share_pct_when_in_range": 0.25641163580853454,
      "p95_liquidity_share_pct_when_in_range": 0.6226481060912967,
      "p99_liquidity_share_pct_when_in_range": 2.662279566092211,
      "max_liquidity_share_pct_when_in_range": 9.884528614468879,
      "rebalances": 10,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 19.220558112343937,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": -2.8568221426714047,
      "deployable_capital_usd": 100.0,
      "unused_capital_usd": 900.0,
      "return_on_deployed_capital_pct": -2.8568221426714047,
      "return_on_total_capital_pct": -0.28568221426714047,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_1_72h__cap_100",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -24.737126958026003
    },
    {
      "strategy": "periodic_90_1_72h",
      "lower_pct": 90.0,
      "upper_pct": 1.0,
      "rebalance_hours": 72.0,
      "rebalance_mode": "periodic",
      "capital_usd": 300.0,
      "initial_capital_usd": 300.0,
      "equity_end_usd": 290.78381092066746,
      "return_pct": -3.072063026444183,
      "mdd_pct": -30.851255130181375,
      "fees_earned_total": 24.67477398852726,
      "fees_reinvested": 23.637086424057497,
      "fees_uncollected_end": 1.03768756446981,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 289.74612335619764,
      "time_in_range_pct": 38.101199103966266,
      "avg_liquidity_share_pct_when_in_range": 0.7391690238429498,
      "p95_liquidity_share_pct_when_in_range": 1.8448606096861966,
      "p99_liquidity_share_pct_when_in_range": 7.582654052061996,
      "max_liquidity_share_pct_when_in_range": 24.757855838247274,
      "rebalances": 10,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 57.0159516857135,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": -9.216189079332537,
      "deployable_capital_usd": 300.0,
      "unused_capital_usd": 700.0,
      "return_on_deployed_capital_pct": -3.072063026444179,
      "return_on_total_capital_pct": -0.9216189079332537,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_1_72h__cap_300",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -24.974573286806933
    }
  ],
  "best_by_return": [
    {
      "strategy": "periodic_70_1_168h",
      "lower_pct": 70.0,
      "upper_pct": 1.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 25.0,
      "initial_capital_usd": 25.0,
      "equity_end_usd": 25.398228718980338,
      "return_pct": 1.5929148759213474,
      "mdd_pct": -46.12245020467268,
      "fees_earned_total": 3.832719491167664,
      "fees_reinvested": 0.8254650495407987,
      "fees_uncollected_end": 3.0072544416268654,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 22.39097427735347,
      "time_in_range_pct": 39.201475820266175,
      "avg_liquidity_share_pct_when_in_range": 0.15218180739673573,
      "p95_liquidity_share_pct_when_in_range": 0.8927017039234448,
      "p99_liquidity_share_pct_when_in_range": 1.1738086665760041,
      "max_liquidity_share_pct_when_in_range": 4.009047395590163,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 5.9175737827341734,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.39822871898033796,
      "deployable_capital_usd": 25.0,
      "unused_capital_usd": 975.0,
      "return_on_deployed_capital_pct": 1.5929148759213518,
      "return_on_total_capital_pct": 0.039822871898033796,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_70_1_168h__cap_25",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -50.731985533424016
    },
    {
      "strategy": "periodic_70_1_168h",
      "lower_pct": 70.0,
      "upper_pct": 1.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 50.0,
      "initial_capital_usd": 50.0,
      "equity_end_usd": 50.75169907046497,
      "return_pct": 1.5033981409299457,
      "mdd_pct": -46.125351592249096,
      "fees_earned_total": 7.620542014725953,
      "fees_reinvested": 1.6497814113057692,
      "fees_uncollected_end": 5.970760603420176,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 44.7809384670448,
      "time_in_range_pct": 39.201475820266175,
      "avg_liquidity_share_pct_when_in_range": 0.3017337191338723,
      "p95_liquidity_share_pct_when_in_range": 1.7695668956374728,
      "p99_liquidity_share_pct_when_in_range": 2.3203293823088136,
      "max_liquidity_share_pct_when_in_range": 7.708875410445805,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 11.790389197972644,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.7516990704649729,
      "deployable_capital_usd": 50.0,
      "unused_capital_usd": 950.0,
      "return_on_deployed_capital_pct": 1.5033981409299457,
      "return_on_total_capital_pct": 0.07516990704649729,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_70_1_168h__cap_50",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -50.827305043568245
    },
    {
      "strategy": "periodic_70_1_168h",
      "lower_pct": 70.0,
      "upper_pct": 1.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 100.0,
      "initial_capital_usd": 100.0,
      "equity_end_usd": 101.33647410026278,
      "return_pct": 1.3364741002627856,
      "mdd_pct": -46.13113571380912,
      "fees_earned_total": 15.073606942593996,
      "fees_reinvested": 3.294979316072077,
      "fees_uncollected_end": 11.778627626521896,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 89.55784647374088,
      "time_in_range_pct": 39.201475820266175,
      "avg_liquidity_share_pct_when_in_range": 0.593584787484563,
      "p95_liquidity_share_pct_when_in_range": 3.477444357592879,
      "p99_liquidity_share_pct_when_in_range": 4.535227188170192,
      "max_liquidity_share_pct_when_in_range": 14.31372878593983,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 23.41385435527812,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 1.3364741002627767,
      "deployable_capital_usd": 100.0,
      "unused_capital_usd": 900.0,
      "return_on_deployed_capital_pct": 1.3364741002627767,
      "return_on_total_capital_pct": 0.13364741002627767,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_70_1_168h__cap_100",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -51.00579732735546
    },
    {
      "strategy": "periodic_70_2_168h",
      "lower_pct": 70.0,
      "upper_pct": 2.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 25.0,
      "initial_capital_usd": 25.0,
      "equity_end_usd": 25.333357608061373,
      "return_pct": 1.333430432245497,
      "mdd_pct": -46.45126585820832,
      "fees_earned_total": 3.8984321160835917,
      "fees_reinvested": 0.9177107692843773,
      "fees_uncollected_end": 2.9807213467992115,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 22.352636261262163,
      "time_in_range_pct": 43.378574252207144,
      "avg_liquidity_share_pct_when_in_range": 0.14038784681214203,
      "p95_liquidity_share_pct_when_in_range": 0.7589919598112012,
      "p99_liquidity_share_pct_when_in_range": 1.1634965904030061,
      "max_liquidity_share_pct_when_in_range": 3.9748291525161425,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 5.852702671815209,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.33335760806137316,
      "deployable_capital_usd": 25.0,
      "unused_capital_usd": 975.0,
      "return_on_deployed_capital_pct": 1.3334304322454926,
      "return_on_total_capital_pct": 0.033335760806137316,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_70_2_168h__cap_25",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -51.649101284171145
    },
    {
      "strategy": "periodic_70_2_168h",
      "lower_pct": 70.0,
      "upper_pct": 2.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 50.0,
      "initial_capital_usd": 50.0,
      "equity_end_usd": 50.62261264499614,
      "return_pct": 1.245225289992269,
      "mdd_pct": -46.4541450600802,
      "fees_earned_total": 7.752606422154004,
      "fees_reinvested": 1.8341779168977659,
      "fees_uncollected_end": 5.918428505256242,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 44.704184139739894,
      "time_in_range_pct": 43.378574252207144,
      "avg_liquidity_share_pct_when_in_range": 0.2784346384168598,
      "p95_liquidity_share_pct_when_in_range": 1.506513188314442,
      "p99_liquidity_share_pct_when_in_range": 2.300175369548928,
      "max_liquidity_share_pct_when_in_range": 7.645580787984968,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 11.66130277250381,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.6226126449961384,
      "deployable_capital_usd": 50.0,
      "unused_capital_usd": 950.0,
      "return_on_deployed_capital_pct": 1.2452252899922769,
      "return_on_total_capital_pct": 0.06226126449961385,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_70_2_168h__cap_50",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -51.74306483016813
    },
    {
      "strategy": "periodic_70_5_168h",
      "lower_pct": 70.0,
      "upper_pct": 5.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 25.0,
      "initial_capital_usd": 25.0,
      "equity_end_usd": 25.304311730253684,
      "return_pct": 1.2172469210147252,
      "mdd_pct": -47.34297752952602,
      "fees_earned_total": 4.234955710916578,
      "fees_reinvested": 1.3113113908567817,
      "fees_uncollected_end": 2.9236443200598052,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 22.38066741019388,
      "time_in_range_pct": 56.483067597838975,
      "avg_liquidity_share_pct_when_in_range": 0.11415638788586885,
      "p95_liquidity_share_pct_when_in_range": 0.5261049018864363,
      "p99_liquidity_share_pct_when_in_range": 1.140640409997069,
      "max_liquidity_share_pct_when_in_range": 3.9011524518224516,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 5.823656794007519,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.3043117302536835,
      "deployable_capital_usd": 25.0,
      "unused_capital_usd": 975.0,
      "return_on_deployed_capital_pct": 1.217246921014734,
      "return_on_total_capital_pct": 0.030431173025368352,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_70_5_168h__cap_25",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -53.548708138037306
    },
    {
      "strategy": "periodic_90_1_168h",
      "lower_pct": 90.0,
      "upper_pct": 1.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 25.0,
      "initial_capital_usd": 25.0,
      "equity_end_usd": 25.2901793319539,
      "return_pct": 1.1607173278155969,
      "mdd_pct": -30.682682730926825,
      "fees_earned_total": 2.5606351481250313,
      "fees_reinvested": 0.5472988627125074,
      "fees_uncollected_end": 2.013336285412525,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 23.276843046541376,
      "time_in_range_pct": 39.23441823692186,
      "avg_liquidity_share_pct_when_in_range": 0.10089358283538227,
      "p95_liquidity_share_pct_when_in_range": 0.5916906537856393,
      "p99_liquidity_share_pct_when_in_range": 0.7787556627435186,
      "max_liquidity_share_pct_when_in_range": 2.685708111990521,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 5.8095243957077365,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.290179331953901,
      "deployable_capital_usd": 25.0,
      "unused_capital_usd": 975.0,
      "return_on_deployed_capital_pct": 1.160717327815604,
      "return_on_total_capital_pct": 0.029017933195390103,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_1_168h__cap_25",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -20.28464813403805
    },
    {
      "strategy": "periodic_70_5_168h",
      "lower_pct": 70.0,
      "upper_pct": 5.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 50.0,
      "initial_capital_usd": 50.0,
      "equity_end_usd": 50.56569080204754,
      "return_pct": 1.131381604095072,
      "mdd_pct": -47.3458288251853,
      "fees_earned_total": 8.426746757538904,
      "fees_reinvested": 2.6209373815338766,
      "fees_uncollected_end": 5.805809376005042,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 44.7598814260425,
      "time_in_range_pct": 56.483067597838975,
      "avg_liquidity_share_pct_when_in_range": 0.22657013557194197,
      "p95_liquidity_share_pct_when_in_range": 1.0466694171517439,
      "p99_liquidity_share_pct_when_in_range": 2.255481484568644,
      "max_liquidity_share_pct_when_in_range": 7.509128054291292,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 11.604380929555212,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.5656908020475413,
      "deployable_capital_usd": 50.0,
      "unused_capital_usd": 950.0,
      "return_on_deployed_capital_pct": 1.1313816040950826,
      "return_on_total_capital_pct": 0.05656908020475413,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_70_5_168h__cap_50",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -53.64027604627553
    },
    {
      "strategy": "periodic_90_1_168h",
      "lower_pct": 90.0,
      "upper_pct": 1.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 50.0,
      "initial_capital_usd": 50.0,
      "equity_end_usd": 50.56028292838728,
      "return_pct": 1.120565856774558,
      "mdd_pct": -30.684053638332152,
      "fees_earned_total": 5.101154131283393,
      "fees_reinvested": 1.0940938103680469,
      "fees_uncollected_end": 4.007060320915347,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 46.55322260747193,
      "time_in_range_pct": 39.23441823692186,
      "avg_liquidity_share_pct_when_in_range": 0.2006144892460806,
      "p95_liquidity_share_pct_when_in_range": 1.17640896261891,
      "p99_liquidity_share_pct_when_in_range": 1.5454606959622663,
      "max_liquidity_share_pct_when_in_range": 5.2308793916862015,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 11.598973055894952,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.5602829283872808,
      "deployable_capital_usd": 50.0,
      "unused_capital_usd": 950.0,
      "return_on_deployed_capital_pct": 1.1205658567745616,
      "return_on_total_capital_pct": 0.05602829283872808,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_1_168h__cap_50",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -20.327541419889744
    },
    {
      "strategy": "periodic_70_1_336h",
      "lower_pct": 70.0,
      "upper_pct": 1.0,
      "rebalance_hours": 336.0,
      "rebalance_mode": "periodic",
      "capital_usd": 25.0,
      "initial_capital_usd": 25.0,
      "equity_end_usd": 25.279634391906278,
      "return_pct": 1.118537567625122,
      "mdd_pct": -46.885323550023095,
      "fees_earned_total": 3.9970698254065993,
      "fees_reinvested": 1.0035403218705419,
      "fees_uncollected_end": 2.9935295035360614,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 22.286104888370215,
      "time_in_range_pct": 44.676505468441164,
      "avg_liquidity_share_pct_when_in_range": 0.1400031219465912,
      "p95_liquidity_share_pct_when_in_range": 0.759151476731319,
      "p99_liquidity_share_pct_when_in_range": 1.1683921247675475,
      "max_liquidity_share_pct_when_in_range": 3.9910760034756145,
      "rebalances": 2,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 5.798979455660113,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.2796343919062778,
      "deployable_capital_usd": 25.0,
      "unused_capital_usd": 975.0,
      "return_on_deployed_capital_pct": 1.1185375676251113,
      "return_on_total_capital_pct": 0.027963439190627784,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_70_1_336h__cap_25",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -52.692109532421064
    },
    {
      "strategy": "periodic_70_2_168h",
      "lower_pct": 70.0,
      "upper_pct": 2.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 100.0,
      "initial_capital_usd": 100.0,
      "equity_end_usd": 101.08063133855737,
      "return_pct": 1.0806313385573585,
      "mdd_pct": -46.45988512908976,
      "fees_earned_total": 15.339999422633051,
      "fees_reinvested": 3.663393282390909,
      "fees_uncollected_end": 11.676606140242159,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 89.40402519831521,
      "time_in_range_pct": 43.378574252207144,
      "avg_liquidity_share_pct_when_in_range": 0.5480666318559421,
      "p95_liquidity_share_pct_when_in_range": 2.968168444180223,
      "p99_liquidity_share_pct_when_in_range": 4.496705216240775,
      "max_liquidity_share_pct_when_in_range": 14.204507228445653,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 23.15801159357271,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 1.0806313385573674,
      "deployable_capital_usd": 100.0,
      "unused_capital_usd": 900.0,
      "return_on_deployed_capital_pct": 1.0806313385573674,
      "return_on_total_capital_pct": 0.10806313385573674,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_70_2_168h__cap_100",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -51.91913891962216
    },
    {
      "strategy": "periodic_90_1_168h",
      "lower_pct": 90.0,
      "upper_pct": 1.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 100.0,
      "initial_capital_usd": 100.0,
      "equity_end_usd": 101.04404661587488,
      "return_pct": 1.0440466158748718,
      "mdd_pct": -30.686789704872186,
      "fees_earned_total": 10.12562756500044,
      "fees_reinvested": 2.186175220985284,
      "fees_uncollected_end": 7.939452344015139,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 93.10459427185974,
      "time_in_range_pct": 39.23441823692186,
      "avg_liquidity_share_pct_when_in_range": 0.3967357013744183,
      "p95_liquidity_share_pct_when_in_range": 2.32541583888319,
      "p99_liquidity_share_pct_when_in_range": 3.0438207616526083,
      "max_liquidity_share_pct_when_in_range": 9.941541438975213,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 23.121426870890218,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 1.0440466158748762,
      "deployable_capital_usd": 100.0,
      "unused_capital_usd": 900.0,
      "return_on_deployed_capital_pct": 1.0440466158748762,
      "return_on_total_capital_pct": 0.10440466158748762,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_1_168h__cap_100",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -20.4095327938695
    },
    {
      "strategy": "periodic_70_1_336h",
      "lower_pct": 70.0,
      "upper_pct": 1.0,
      "rebalance_hours": 336.0,
      "rebalance_mode": "periodic",
      "capital_usd": 50.0,
      "initial_capital_usd": 50.0,
      "equity_end_usd": 50.51467215267618,
      "return_pct": 1.0293443053523532,
      "mdd_pct": -46.88807331307836,
      "fees_earned_total": 7.949380565891525,
      "fees_reinvested": 2.0057053372529534,
      "fees_uncollected_end": 5.94367522863857,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 44.57099692403761,
      "time_in_range_pct": 44.676505468441164,
      "avg_liquidity_share_pct_when_in_range": 0.2777090680225755,
      "p95_liquidity_share_pct_when_in_range": 1.5068231910087426,
      "p99_liquidity_share_pct_when_in_range": 2.3097353659409765,
      "max_liquidity_share_pct_when_in_range": 7.675611969084262,
      "rebalances": 2,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 11.553362280183848,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.5146721526761766,
      "deployable_capital_usd": 50.0,
      "unused_capital_usd": 950.0,
      "return_on_deployed_capital_pct": 1.0293443053523532,
      "return_on_total_capital_pct": 0.05146721526761766,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_70_1_336h__cap_50",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -52.78680232080436
    },
    {
      "strategy": "periodic_90_2_168h",
      "lower_pct": 90.0,
      "upper_pct": 2.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 25.0,
      "initial_capital_usd": 25.0,
      "equity_end_usd": 25.247904889232316,
      "return_pct": 0.9916195569292574,
      "mdd_pct": -31.02283606653593,
      "fees_earned_total": 2.6117895652461947,
      "fees_reinvested": 0.6102437588565619,
      "fees_uncollected_end": 2.0015458063896254,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 23.24635908284269,
      "time_in_range_pct": 43.411516668862824,
      "avg_liquidity_share_pct_when_in_range": 0.09335680787611017,
      "p95_liquidity_share_pct_when_in_range": 0.5039124527111634,
      "p99_liquidity_share_pct_when_in_range": 0.7742080743079364,
      "max_liquidity_share_pct_when_in_range": 2.6703244599347133,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 5.767249952986152,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.24790488923231635,
      "deployable_capital_usd": 25.0,
      "unused_capital_usd": 975.0,
      "return_on_deployed_capital_pct": 0.9916195569292654,
      "return_on_total_capital_pct": 0.024790488923231636,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_2_168h__cap_25",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -21.1340525761426
    },
    {
      "strategy": "periodic_70_10_168h",
      "lower_pct": 70.0,
      "upper_pct": 10.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 25.0,
      "initial_capital_usd": 25.0,
      "equity_end_usd": 25.24469301751718,
      "return_pct": 0.9787720700687119,
      "mdd_pct": -48.7344816365464,
      "fees_earned_total": 4.674893347724749,
      "fees_reinvested": 1.8386256095360183,
      "fees_uncollected_end": 2.836267738188729,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 22.40842527932845,
      "time_in_range_pct": 71.76176044274608,
      "avg_liquidity_share_pct_when_in_range": 0.09643533608333642,
      "p95_liquidity_share_pct_when_in_range": 0.25024777736775106,
      "p99_liquidity_share_pct_when_in_range": 1.1012169519543358,
      "max_liquidity_share_pct_when_in_range": 3.788184941838254,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 5.764038081271014,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.24469301751717865,
      "deployable_capital_usd": 25.0,
      "unused_capital_usd": 975.0,
      "return_on_deployed_capital_pct": 0.9787720700687145,
      "return_on_total_capital_pct": 0.024469301751717867,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_70_10_168h__cap_25",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -56.57019120302408
    },
    {
      "strategy": "periodic_70_5_168h",
      "lower_pct": 70.0,
      "upper_pct": 5.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 100.0,
      "initial_capital_usd": 100.0,
      "equity_end_usd": 100.97085752703417,
      "return_pct": 0.9708575270341635,
      "mdd_pct": -47.35151361245795,
      "fees_earned_total": 16.692043545295554,
      "fees_reinvested": 5.23514873470495,
      "fees_uncollected_end": 11.456894810590624,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 89.51396271644354,
      "time_in_range_pct": 56.483067597838975,
      "avg_liquidity_share_pct_when_in_range": 0.44657857310070365,
      "p95_liquidity_share_pct_when_in_range": 2.0715240047684933,
      "p99_liquidity_share_pct_when_in_range": 4.411190014952336,
      "max_liquidity_share_pct_when_in_range": 13.968505971560772,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 23.04823778204951,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.9708575270341697,
      "deployable_capital_usd": 100.0,
      "unused_capital_usd": 900.0,
      "return_on_deployed_capital_pct": 0.9708575270341697,
      "return_on_total_capital_pct": 0.09708575270341697,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_70_5_168h__cap_100",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -53.812169697881735
    },
    {
      "strategy": "periodic_90_2_168h",
      "lower_pct": 90.0,
      "upper_pct": 2.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 50.0,
      "initial_capital_usd": 50.0,
      "equity_end_usd": 50.47591557174013,
      "return_pct": 0.9518311434802529,
      "mdd_pct": -31.024209430421877,
      "fees_earned_total": 5.2036392205036845,
      "fees_reinvested": 1.2199391068396184,
      "fees_uncollected_end": 3.9837001136640597,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 46.492215458076075,
      "time_in_range_pct": 43.411516668862824,
      "avg_liquidity_share_pct_when_in_range": 0.1856637553565027,
      "p95_liquidity_share_pct_when_in_range": 1.0027610647789875,
      "p99_liquidity_share_pct_when_in_range": 1.536503925987484,
      "max_liquidity_share_pct_when_in_range": 5.2016921202867215,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 11.514605699247802,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.4759155717401313,
      "deployable_capital_usd": 50.0,
      "unused_capital_usd": 950.0,
      "return_on_deployed_capital_pct": 0.9518311434802627,
      "return_on_total_capital_pct": 0.04759155717401314,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_2_168h__cap_50",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -21.1765877173635
    },
    {
      "strategy": "periodic_90_5_168h",
      "lower_pct": 90.0,
      "upper_pct": 5.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 25.0,
      "initial_capital_usd": 25.0,
      "equity_end_usd": 25.231345597363774,
      "return_pct": 0.9253823894550983,
      "mdd_pct": -31.96298977693479,
      "fees_earned_total": 2.8545076807862593,
      "fees_reinvested": 0.878446939963858,
      "fees_uncollected_end": 1.976060740822399,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 23.255284856541376,
      "time_in_range_pct": 56.51601001449467,
      "avg_liquidity_share_pct_when_in_range": 0.07642886078646638,
      "p95_liquidity_share_pct_when_in_range": 0.3516291536001062,
      "p99_liquidity_share_pct_when_in_range": 0.7639272075065456,
      "max_liquidity_share_pct_when_in_range": 2.6370591676821036,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 5.750690661117609,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.2313455973637737,
      "deployable_capital_usd": 25.0,
      "unused_capital_usd": 975.0,
      "return_on_deployed_capital_pct": 0.9253823894550949,
      "return_on_total_capital_pct": 0.02313455973637737,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_5_168h__cap_25",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -23.08059716441448
    },
    {
      "strategy": "periodic_70_10_168h",
      "lower_pct": 70.0,
      "upper_pct": 10.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 50.0,
      "initial_capital_usd": 50.0,
      "equity_end_usd": 50.44829584696411,
      "return_pct": 0.896591693928217,
      "mdd_pct": -48.737211233421974,
      "fees_earned_total": 9.308342093513401,
      "fees_reinvested": 3.6749754500306038,
      "fees_uncollected_end": 5.633366643482804,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 44.814929203481306,
      "time_in_range_pct": 71.76176044274608,
      "avg_liquidity_share_pct_when_in_range": 0.1915648169784397,
      "p95_liquidity_share_pct_when_in_range": 0.499224905744231,
      "p99_liquidity_share_pct_when_in_range": 2.1783531454904117,
      "max_liquidity_share_pct_when_in_range": 7.299548391662919,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 11.486985974471779,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.4482958469641076,
      "deployable_capital_usd": 50.0,
      "unused_capital_usd": 950.0,
      "return_on_deployed_capital_pct": 0.8965916939282152,
      "return_on_total_capital_pct": 0.04482958469641077,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_70_10_168h__cap_50",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -56.65783077291573
    },
    {
      "strategy": "periodic_90_5_168h",
      "lower_pct": 90.0,
      "upper_pct": 5.0,
      "rebalance_hours": 168.0,
      "rebalance_mode": "periodic",
      "capital_usd": 50.0,
      "initial_capital_usd": 50.0,
      "equity_end_usd": 50.443082621435636,
      "return_pct": 0.8861652428712619,
      "mdd_pct": -31.964385211602554,
      "fees_earned_total": 5.6893368228897145,
      "fees_reinvested": 1.7561415921446157,
      "fees_uncollected_end": 3.933195230745099,
      "rebalance_costs": 0.0,
      "position_value_end_usd": 46.50988739069054,
      "time_in_range_pct": 56.51601001449467,
      "avg_liquidity_share_pct_when_in_range": 0.15206654712846832,
      "p95_liquidity_share_pct_when_in_range": 0.7007839020109122,
      "p99_liquidity_share_pct_when_in_range": 1.5162492999006347,
      "max_liquidity_share_pct_when_in_range": 5.138538634334765,
      "rebalances": 4,
      "hodl50_return_pct": -22.077380255015346,
      "vs_hodl50_usd": 11.481772748943307,
      "price_start": 0.036373490493823386,
      "price_end": 0.020312862877136892,
      "price_return_pct": -44.15476051003069,
      "profit_usd": 0.4430826214356358,
      "deployable_capital_usd": 50.0,
      "unused_capital_usd": 950.0,
      "return_on_deployed_capital_pct": 0.8861652428712716,
      "return_on_total_capital_pct": 0.044308262143563586,
      "period_suffix": "",
      "time_from": "2026-04-01T00:00:00Z",
      "time_to": "2026-05-03T00:00:00Z",
      "fee_scenario": "metadata_0_9500",
      "fee_rate": 0.0095,
      "run_name": "metadata_0_9500__periodic_90_5_168h__cap_50",
      "script_version": "cl_fee_replay_fast_npz_v3_capacity_2026_05_02",
      "valid_capacity_avg_p95_p99": true,
      "valid_capacity_plus_max": true,
      "score": -23.122605180333846
    }
  ]
}