0x103e…48a4 · Hyperliquid address profile

0x103e9d15f8a102ef9333ad8b66ffe25b0db448a4View on Hyperliquid ↗

Not offered yetMarket maker Mark-to-market cumulative profit $674K, ranked #858 site-wide.

Three things to check before following him

This address still holds
$105K
perps + spot + vaults + staking; perps account $59K, 1 open positions
Ever liquidated
No
No liquidation on record in this window
Time since last trade
Traded today
last fill 2026-09-22

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 $674K 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

our ledger starts here$673K$754K

Three definitions on one axis: green = our mark-to-market ledger · red = the exchange's public "closed P&L" · grey dashed = exchange all-in. The shaded gap is what closed-P&L misses ($-81K). The hatched band on the left is before our data starts (20250730); the exchange had him at $-740 by then — that is why our number differs from other sites.

His account equity

Equity at start
$79K
2025-07-30
Equity now
$110K
2026-09-22
All-time high
$199K
now 56% of peak
P&L over the same span
$674K
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.
⚠️ Equity is sampled weekly for anything older than a month (near-daily only recently); this line connects those points rather than measuring every day. ⚠️ It covers perps + spot + vaults + staking, not just the perps account.

Cumulative P&L
$674K
Max drawdown
$430K
Profit vs equity
339.1%
vs his peak equity of $199K
Active
362 days

Where the money comes from

$674Knetminus fees−$3,506 (0.51%)
LINK$483KBTC$291KAAVE-$101K

Within each bar: green = directional, amber = funding.

Funding is -1.4% of gross. Fees are negative, so they are listed under the ring as a deduction rather than forced into the pie.

What kind of trader

Size89Resilience48Maker97Funding40Consistency83Spread16axes = percentile among all (further out = more pronounced, not better)
#858top 10.9%0.39% of #1

All 6 axes are facts, not a score: percentiles among all addresses. Further out means more pronounced, not better.

How he makes it

310 bps
Net profit per $10,000 traded

His positions rarely go flat. In 362 days he fully closed out only 5 times; the rest of the time he was adjusting an open position — 15,487 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 2.3% 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)$674K
Max drawdown (mark-to-market)$430K
Return (÷ true intraday peak exposure)47.2%
Profit vs his peak account equity339.1%
His peak account equity$199K
Resilience (P&L ÷ drawdown)1.57
Largest exposure held$1.43M
Open-to-flat rounds5
Spread across3 coins
Fills inside those rounds15,487
Typical round length68.0 days
Same-day in-and-out share20.0%
Taker share2.3%
Fills per day168.3
Days active362

Similar addresses

0x082e843a431aef031264dc232693dd710aedca88 · 0x5d2f4460ac3514ada79f5d9838916e508ab39bb7 · 0x7717a7a245d9f950e586822b8c9b46863ed7bd7e · 0xe86b057f5eb764c9738d6b0d38170befd0723664 · 0x123dbca6a27005a3c4ce10cb66ee8ece8fc13bff · 0x4e23288cee4960f9f962195c22948e4bc7ae20c3

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.

What this page is not. It describes how he made money in the past. It is not a claim that following him will make you money. We have never tested whether addresses near the top of this board do better next month — no evidence, no claim.