0x2ba9…5399 · Hyperliquid address profile

0x2ba90dba46da390ca15d2ac24078d3a81bc85399View on Hyperliquid ↗

⚠️ Understand firstDelta-neutral carry Mark-to-market cumulative profit $73K, ranked #3939 site-wide.

Three things to check before following him

This address still holds
$92K
perps + spot + vaults + staking; perps account $38K, 4 open positions
Ever liquidated
Yes
34 times · $18K notional
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 $73K 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$66K$93K

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 ($-27K). The hatched band on the left is before our data starts (20250727); the exchange had him at $-6,728 by then — that is why our number differs from other sites.

His account equity

Equity at start
$36K
2025-07-27
Equity now
$94K
2026-09-22
All-time high
$147K
now 64% of peak
P&L over the same span
$73K
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
$73K
Max drawdown
$98K
Profit vs equity
46.1%
vs his peak equity of $158K
Active
423 days

Where the money comes from

90.7%9.3%$73Knetminus fees−$3,052 (4.03%)
XPL$44KZEC-$36KPUMP-$29KFARTCOIN$27KCASHCAT$23KHYPE$18KLAUNCHCOI$12Kxyz:CRCL$10K

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

Funding is 9.3% 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

Size50Resilience22Maker43Funding81Consistency14Spread66axes = percentile among all (further out = more pronounced, not better)
#3939top 50.0%0.04% 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

6.7
Out of every 10 positions, how many ended up green
0.92×
Average win vs average loss

One high and one low is the norm — either number alone misleads, so they are always shown as a pair.

Understand this before following him · Delta-neutral carry
He buys spot and shorts the perp on PUMP at the same time, hedge ratio 0.99 (1.0 = fully hedged). He looks like a short here, but he is not betting on direction — he earns funding. Shorting alongside him copies only one of his two legs.

Every round he traded

A round is one stretch of exposure in a single coin, from first entry until fully flat. Adding to or trimming a position does not start a new round; flipping long to short counts as two. So a single round can contain thousands of fills — both numbers are shown side by side so the pair reads consistently.
⚠️ "Days" counts days actually holding a position, which can be shorter than the span between the two dates. If he goes flat and later re-enters the same side, day-level segmentation cannot see the gap and treats it as one round (about 32% of rounds are like this). Rows where the span and the held days disagree carry a ~ after the day count; hover it for the exact gap. The curve is cumulative P&L in dollars at market prices for that round, not equity and not a percentage return: deposits and withdrawals are invisible on-chain, so no percentage can be computed. Same-day round trips are excluded here. Coin names carrying ↗ are clickable — they open that coin's candlestick chart with this wallet selected and the view zoomed to that exact round, so you can see where each add and trim landed. (Only for coins that have a chart page, and only when this wallet is on that page.)
The last column Unfold 🔒 is subscriber content: it lays out every single fill of that round in order, so you can see whether he sized in at once or scaled in, and whether he exited decisively or dragged it out. Available only for rounds that pass the filter (held 1–30 days, large enough P&L, flat at both ends). Free for 7 days when you connect a wallet — no payment needed.

3 most profitable rounds

XPL Short$25K
2025-10-17 → 2026-02-06 · 93 days · 968 fills · peak $65K (62% of equity) ·
CASHCAT Short$23K
2026-07-12 → 2026-09-06 · 56 days · 3,510 fills · peak $27K (43% of equity) ·
FARTCOIN Short$22K
2025-07-30 → 2026-09-22 · 293 days · 1,709 fills · peak $58K (209% of equity) ·

3 worst rounds

ZEC Short$-36K
2026-08-21 → 2026-09-22 · 33 days · 2,612 fills · peak $116K (79% of equity) ·
PUMP Short$-29K
2025-07-29 → 2026-01-15 · 130 days · 679 fills · peak $46K (91% of equity) ·
PURR Short$-6,625
2026-01-30 → 2026-05-25 · 108 days · 1,684 fills · peak $11K (28% of equity) ·

All rounds (26 rounds)

CoinSideFrom → toDaysFillsPeak % of equityP&LUnfold
USELESSShort2026-09-21 → 2026-09-22245143%$-6,141
ZECShort2026-08-21 → 2026-09-22332,61279%$-36K
FARTCOINShort2025-07-30 → 2026-09-22293~1,709209%$22K
PURRShort2026-05-27 → 2026-09-2266~3,37932%$7,766
PONSShort2026-09-01 → 2026-09-1910~1,08523%$-5,101
HYPEShort2025-07-27 → 2026-09-19400~6,69181%$18K
CASHCATShort2026-07-12 → 2026-09-0656~3,51043%$23K
xyz:CRCLShort2026-03-09 → 2026-08-21165~2,367199%$10K
xyz:SNDKShort2026-07-22 → 2026-08-102010554%$2,780
xyz:NVDAShort2026-02-24 → 2026-07-1326~366169%$5,911
xyz:HOODShort2026-06-15 → 2026-07-06228618%$-1,330
xyz:COINShort2026-04-24 → 2026-06-24621,25764%$7,973
PURRShort2026-01-30 → 2026-05-25108~1,68428%$-6,625
ZEREBROShort2025-10-30 → 2026-05-0595~18219%$-1,017
xyz:MSTRShort2026-04-05 → 2026-04-12814147%$134
xyz:TSLAShort2026-03-16 → 2026-04-0317~19047%$804
xyz:GOOGLShort2026-02-27 → 2026-03-1910~93%$13
xyz:GOLDShort2026-02-25 → 2026-03-192315868%$858
XPLShort2025-10-17 → 2026-02-0693~96862%$25K
PUMPShort2025-07-29 → 2026-01-15130~67991%$-29K
MONShort2025-12-21 → 2026-01-0213391%$-312
MONShort2025-11-24 → 2025-12-051269660%$-2,412
LAUNCHCOINShort2025-07-28 → 2025-10-1677~435105%$12K
XPLShort2025-09-25 → 2025-10-12182,29077%$19K
FARTCOINLong2025-07-29 → 2025-07-291121205%$315
FARTCOINShort2025-07-27 → 2025-07-282683%$4,419

Two rounds can both say "made $1M" and be nothing alike: one held steady the whole way, another sat 50% underwater before recovering, a third earned everything on the final day. The number hides that; the curve shows it. Curves are drawn only for rounds held 5 days or longer — shorter ones have too few points to be honest. This is what already happened, not a forecast.

Every number

Cumulative P&L (mark-to-market)$73K
Max drawdown (mark-to-market)$98K
Return (÷ true intraday peak exposure)53.2%
Profit vs his peak account equity46.1%
His peak account equity$158K
Resilience (P&L ÷ drawdown)0.74
Largest exposure held$137K
Open-to-flat rounds30
Spread across21 coins
Fills inside those rounds31,255
Typical round length24.5 days
Same-day in-and-out share13.3%
Taker share84.8%
Fills per day82.7
Days active423

Similar addresses

0xecb63caa47c7c4e77f60f1ce858cf28dc2b82b00 · 0x880ac484a1743862989a441d6d867238c7aa311c · 0x7fdafde5cfb5465924316eced2d3715494c517d1 · 0xd47587702a91731dc1089b5db0932cf820151a91 · 0xa312114b5795dff9b8db50474dd57701aa78ad1e · 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36

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.