0x38ac…cda2 · Hyperliquid address profile

0x38ac9012a1be7bebd73d497d803f302fe274cda2View on Hyperliquid ↗ ·

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Copyable nowPosition traderQuiet for 313 days Mark-to-market cumulative profit $557K, ranked #997 site-wide.

Three things to check before following him

This address still holds
$874K
perps + spot + vaults + staking; perps account $0, no open positions
Ever liquidated
No
No liquidation on record in this window
Time since last trade
313 days
last fill 2025-11-28

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 $557K 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

$557K$550K

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 ($7,485). The hatched band on the left is before our data starts (20251028); the exchange had him at $0 by then — that is why our number differs from other sites.

His account equity

Equity at start
$423K
2025-10-29
Equity now
$853K
2025-11-28
All-time high
$853K
now 100% of peak
P&L over the same span
$557K
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
$557K
Max drawdown
$99K
Profit vs equity
62.7%
vs his peak equity of $888K
Active
28 days

Where the money comes from

97.9%2.1%$557Knet
BTC$656KZEC-$99K
minus fees−$4,431 (0.79%)

Funding is 2.1% 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.

What kind of trader

Size87Resilience92Maker75Funding60Consistency70Spread11
$100 – $156: 28$156 – $245: 15$245 – $383: 23$383 – $599: 52$599 – $938: 87$938 – $1,468: 237$1,468 – $2,297: 259$2,297 – $3,594: 378$3,594 – $5,623: 368$5,623 – $8,799: 378$8,799 – $14K: 365$14K – $22K: 390$22K – $34K: 389$34K – $53K: 415$53K – $83K: 824$83K – $129K: 781$129K – $202K: 674$202K – $316K: 577$316K – $495K: 501$495K – $774K: 334$774K – $1.21M: 221$1.21M – $1.90M: 168$1.90M – $2.97M: 102$2.97M – $4.64M: 90$4.64M – $7.26M: 61$7.26M – $11.36M: 57$11.36M – $17.78M: 25$17.78M – $27.83M: 12$27.83M – $43.54M: 11$43.54M – $68.13M: 4$68.13M – $106.61M: 4$106.61M – $166.81M: 3$166.81M – $261.02M: 1$100$1K$10K$100K$1M$10M$100M$1B#997 of 7,834 · top 12.7%only 996 made more · 0.24% 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 7,834 profitable addresses (log scale); the line is him — everyone to the right made more.

How he makes it

447 bps
Net profit per $10,000 traded

His positions rarely go flat. In 28 days he fully closed out only 3 times; the rest of the time he was adjusting an open position — 1,159 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.)

His positions rarely go fully flat, so there is no "every round" table above — a round-trip win rate would not mean anything for him. But 3 of his positions did open and close cleanly, and those can be unfolded fill by fill:

BTC · BTC · ZEC

Every number

Cumulative P&L (mark-to-market)$557K
Max drawdown (mark-to-market)$99K
Return (÷ true intraday peak exposure)16.4%
Profit vs his peak account equity62.7%
His peak account equity$888K
Resilience (P&L ÷ drawdown)5.63
Largest exposure held$3.39M
Open-to-flat rounds3
Spread across2 coins
Fills inside those rounds1,159
Typical round length9.0 days
Same-day in-and-out share0.0%
Taker share43.0%
Fills per day96.6
Days active28

Similar addresses

0xfce053a5e461683454bf37ad66d20344c0e3f4c0 · 0xf62edeee17968d4c55d1c74936d2110333342f30 · 0xd7a678fcf72c1b602850ef2f3e2d668ec41fa0ed · 0x9c16bc8f1104e4d2f72267eb981fa12de7cc4a6f · 0x9a0825ca6c4c577a1202a8fae3b8f044c1d5711d · 0xac26cf5f3c46b5e102048c65b977d2551b72a9c7

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.