🔔 Alert me when it trades

0x0438…8e4e · Hyperliquid address profile

0x043879aa00ccc098627d71d966429b7efa5b8e4eView on Hyperliquid ↗ ·

Not offered yetMarket maker Mark-to-market cumulative profit $166K (perps + spot, since 2025-07-27), ranked #2415 site-wide. All-time P&L on the exchange's own record (incl. spot, vaults, staking): $134K.

Three things to check before following him

This address still holds
$110K
perps + spot + vaults + staking; perps account $3,921, 2 open positions
Ever liquidated
No
No liquidation on record in this window
Time since last trade
Traded today
last fill 2026-11-07

Those three numbers describe where he stands now. The curve below is a different thing — how much he made in the past. An address showing $166K of profit can be sitting on an empty account, and the P&L figure alone will never tell you.

Mark-to-market cumulative P&L

compressedour ledger starts here$135K$88K

Three definitions on one axis: green = our mark-to-market ledger (perps + spot) · red = the exchange's public "closed P&L" · grey dashed = exchange all-in (also includes vaults and staking). The shaded gap is what closed-P&L misses ($46K). The hatched band on the left is before our data starts (20250727); the exchange had him at $-4,231 by then — that is why our number differs from other sites.

His account equity

Equity at start
$89K
2025-07-27
Equity now
$110K
2026-11-07
All-time high
$269K
now 41% of peak
P&L over the same span
$166K
from trading, deposits excluded

The green line above is how much he made trading (rebuilt from on-chain fills; deposits and withdrawals are invisible there). This amber line is how much money is in his account (from the exchange API, deposits included). Wherever the two diverge, he put money in or took money out. So "made a lot but little left" and "made little but holds a lot" are both possible and neither is strange. Account equity covers perps, spot, vaults and staking.

Cumulative P&L
$166K
Max drawdown
$90K
Profit vs equity
61.8%
vs his peak equity of $269K
Active
469 days

Where the money comes from

94.9%5.1%$166Knet
TAO$170KHYPE-$3,549PURR$22UXPL$3
minus fees−$146 (0.09%)

Funding is 5.1% of gross. Fees are negative, so they are listed under the ring as a deduction rather than forced into the pie.

Within each bar: green = directional, amber = funding. Right of the line is profit, left is loss. Italic names are spot.

What kind of trader

Size68Resilience61Maker94Funding75Consistency97Spread11
$100 – $156: 23$156 – $245: 20$245 – $383: 44$383 – $599: 70$599 – $938: 120$938 – $1,468: 214$1,468 – $2,297: 257$2,297 – $3,594: 322$3,594 – $5,623: 311$5,623 – $8,799: 363$8,799 – $14K: 359$14K – $22K: 352$22K – $34K: 357$34K – $53K: 417$53K – $83K: 709$83K – $129K: 743$129K – $202K: 615$202K – $316K: 528$316K – $495K: 486$495K – $774K: 332$774K – $1.21M: 226$1.21M – $1.90M: 169$1.90M – $2.97M: 112$2.97M – $4.64M: 92$4.64M – $7.26M: 71$7.26M – $11.36M: 55$11.36M – $17.78M: 27$17.78M – $27.83M: 14$27.83M – $43.54M: 10$43.54M – $68.13M: 7$68.13M – $106.61M: 2$106.61M – $166.81M: 3$166.81M – $261.02M: 1$261.02M – $408.42M: 1$100$1K$10K$100K$1M$10M$100M$1B#2,415 of 7,432 · top 32.5%only 2,414 made more · 0.05% of #1

Axes are percentiles among all addresses — further out means more pronounced, not better.

All 6 axes are facts, not a score. The right chart is cumulative profit across all 7,432 profitable addresses (log scale); the line is him — everyone to the right made more.

How he makes it

2,435 bps
Net profit per $10,000 traded

His positions rarely go flat. In 469 days he fully closed out only 6 times; the rest of the time he was adjusting an open position — 1,275 fills in that span.

This is not missing data — there are no rounds to count. A win rate needs discrete trades you can score one by one, and his position never closes. So we show how much profit each dollar of volume produced instead. (Leverage inflates this number.)

Why copy trading is not open yet · Market maker
Only 7.3% of his volume takes liquidity; the rest is quoting both sides. He earns the market-making spread, not direction — copying his fills copies the outcome, not the strategy. Following him means quoting both sides too, which is a different system.

Every number

Cumulative P&L (mark-to-market)$166K
Max drawdown (mark-to-market)$90K
Return (÷ true intraday peak exposure)70.9%
Profit vs his peak account equity61.8%
His peak account equity$269K
Resilience (P&L ÷ drawdown)1.85
Largest exposure held$234K
Open-to-flat rounds6
Spread across2 coins
Fills inside those rounds1,275
Typical round length6.5 days
Same-day in-and-out share0.0%
Taker share7.3%
Fills per day127.4
Days active469

Similar addresses

0x5d2f4460ac3514ada79f5d9838916e508ab39bb7 · 0x082e843a431aef031264dc232693dd710aedca88 · 0xfc667adba8d4837586078f4fdcdc29804337ca06 · 0x7717a7a245d9f950e586822b8c9b46863ed7bd7e · 0xe86b057f5eb764c9738d6b0d38170befd0723664 · 0x123dbca6a27005a3c4ce10cb66ee8ece8fc13bff

Where these numbers come from. Rebuilt from Hyperliquid's raw fill stream: each coin's position is cut into rounds from first entry to fully flat, then marked to the market price of every single day, plus funding, minus fees. Summing all 1.24M rounds reconciles to the daily mark-to-market P&L to 2.2e-16.