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0x2cd9…50ae · Hyperliquid address profile

0x2cd991f48ba31536a96b772536a1daaaedf150aeView on Hyperliquid ↗ ·

Not offered yetDelta-neutral carry Mark-to-market cumulative profit $3.11M (perps + spot, since 2025-07-27), ranked #275 site-wide. All-time P&L on the exchange's own record (incl. spot, vaults, staking): $3.40M.

Three things to check before following him

This address still holds
$20K
perps + spot + vaults + staking; perps account $0, no open positions
Ever liquidated
Yes
34 times · $123K notional
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 $3.11M 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$3.45M$3.70M

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 ($-253K). The hatched band on the left is before our data starts (20250727); the exchange had him at $358K by then — that is why our number differs from other sites.

His account equity

Equity at start
$1.02M
2025-07-27
Equity now
$20K
2026-11-02
All-time high
$2.86M
now 1% of peak
P&L over the same span
$3.11M
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
$3.11M
Max drawdown
$1.10M
Profit vs equity
108.9%
vs his peak equity of $2.86M
Active
469 days

Where the money comes from

$3.11Mnet
BTC$1.24MPUMP-$324KDOT$257KSEI$247KW$240KENA$240KATOM$228KETH$224K
minus fees−$64K (1.87%)

Funding is -7.4% 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

Size96Resilience77Maker97Funding23Consistency30Spread93
$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#275 of 7,432 · top 3.7%only 274 made more · 1.00% 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

4.9
Out of every 10 positions, how many ended up green
2.32×
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.

Why copy trading is not open yet · Market maker
Only 1.6% 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.

Also · 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 coin, from first entry until fully flat. The curve is that round's P&L in dollars at market prices.
Coins marked ↗ open the chart zoomed to that round. Unfold shows every fill: how he scaled in and how he got out.

3 most profitable rounds

BTC Short$1.40M
2025-10-28 → 2026-07-03 · 249 days · 7,883 fills · peak $8.17M (526% of equity) · —
ETH Long$374K
2025-07-27 → 2025-09-05 · 41 days · 97,926 fills · peak $3.54M (340% of equity) · —
HYPE Long$317K
2026-02-28 → 2026-03-31 · 32 days · 596 fills · peak $1.74M (76% of equity) · —

3 worst rounds

HYPE Long$-470K
2025-07-27 → 2026-01-28 · 186 days · 348,091 fills · peak $5.19M (333% of equity) · —
PUMP Long$-285K
2025-10-27 → 2026-07-28 · 275 days · 3,521 fills · peak $921K (59% of equity) · —
ETH Long$-172K
2025-12-04 → 2026-01-30 · 58 days · 1,037 fills · peak $3.18M (197% of equity) · —

All rounds (126 rounds in total; the 30 largest by P&L are listed)

CoinSideFrom → toDaysFillsPeak % of equityP&LUnfold
PURRLong2025-09-29 → 2026-08-103162,25514%$-158K—
DOTShort2025-07-27 → 2026-08-103801,15332%$257K—
SUIShort2025-10-30 → 2026-08-10285536%$116K—
ATOMShort2025-10-12 → 2026-08-1030349225%$119K—
CRVShort2025-11-07 → 2026-08-1027719512%$82K—
BTCShort2026-07-06 → 2026-08-10361,476110%$-130K—
WShort2025-10-29 → 2026-08-102863709%$240K—
TRUMPShort2026-03-15 → 2026-08-1014919317%$83K—
ENAShort2025-10-30 → 2026-08-1028517123%$240K—
AVAXShort2025-10-30 → 2026-08-1028529221%$144K—
SEIShort2025-10-30 → 2026-08-1028533724%$247K—
PUMPLong2025-10-27 → 2026-07-282753,52159%$-285K—
BTCShort2025-10-28 → 2026-07-032497,883526%$1.40M—
XMRLong2026-02-04 → 2026-06-171343,20790%$105K—
HYPELong2026-05-14 → 2026-06-133193279%$164K—
XRPLong2025-10-07 → 2026-05-052118914%$-116K—
HYPELong2026-02-28 → 2026-03-313259676%$317K—
DOGELong2025-08-27 → 2026-03-1920519741%$-138K—
ARBLong2025-08-22 → 2026-03-1921080442%$-143K—
HYPELong2026-01-29 → 2026-01-30267264%$-158K—
ETHLong2025-12-04 → 2026-01-30581,037197%$-172K—
HYPELong2025-07-27 → 2026-01-28186348,091333%$-470K—
SNXShort2025-11-07 → 2025-12-01251,56922%$131K—
ETHShort2025-10-16 → 2025-11-092523740%$116K—
LAUNCHCOINShort2025-09-08 → 2025-10-123556519%$84K—
ADAShort2025-07-27 → 2025-10-1076113%$87K—
BERAShort2025-08-28 → 2025-10-10446113%$90K—
ATOMShort2025-07-27 → 2025-10-107610416%$109K—
WLDShort2025-09-08 → 2025-10-103386%$82K—
ETHLong2025-07-27 → 2025-09-054197,926340%$374K—

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.

Every number

Cumulative P&L (mark-to-market)$3.11M
Max drawdown (mark-to-market)$1.10M
Return (÷ true intraday peak exposure)20.6%
Profit vs his peak account equity108.9%
His peak account equity$2.86M
Resilience (P&L ÷ drawdown)2.83
Largest exposure held$15.12M
Open-to-flat rounds137
Spread across78 coins
Fills inside those rounds599,324
Typical round length29.0 days
Same-day in-and-out share8.0%
Taker share1.6%
Fills per day2,368.8
Days active469

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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.