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0x4196…480d · Hyperliquid address profile

0x4196dc4a1dc7d3bfd5434adf04c829f4ccaf480dView on Hyperliquid ↗ ·

Not offered yetDelta-neutral carry Mark-to-market cumulative profit $15.51M (perps + spot, since 2025-12-26), ranked #48 site-wide. All-time P&L on the exchange's own record (incl. spot, vaults, staking): $15.49M.

Three things to check before following him

This address still holds
$0
This address holds nothing on Hyperliquid
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 $15.51M 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$15.51M$16.35M

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 ($-839K). The hatched band on the left is before our data starts (20251226); the exchange had him at $0 by then — that is why our number differs from other sites.

His account equity

Equity at start
$800K
2025-12-26
Equity now
$0
2026-11-02
All-time high
$22.74M
now 0% of peak
P&L over the same span
$15.51M
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
$15.51M
Max drawdown
$4.40M
Profit vs equity
68.2%
vs his peak equity of $22.74M
Active
317 days

Where the money comes from

97.9%2.1%$15.51Mnet
ETH$13.67MZEC$2.14MUFART-$806KFARTCOIN$615Kxyz:CRCL-$551Kxyz:MU$513KHYPE-$332KBTC$246K
minus fees−$38K (0.24%)

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. Italic names are spot.

What kind of trader

Size99Resilience83Maker76Funding66Consistency64Spread42
$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#48 of 7,432 · top 0.6%only 47 made more · 5.00% 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

725 bps
Net profit per $10,000 traded

His positions rarely go flat. In 317 days he fully closed out only 13 times; the rest of the time he was adjusting an open position — 102,110 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 · High frequency
1,621 fills per day. Mirroring this account needs order placement at his speed and fees low enough not to eat the thin per-trade margin. That is an execution-layer problem, and we have not wired it into copy trading yet.

Also · Delta-neutral carry
He buys spot and shorts the perp on HYPE at the same time, hedge ratio 1.05 (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 number

Cumulative P&L (mark-to-market)$15.51M
Max drawdown (mark-to-market)$4.40M
Return (÷ true intraday peak exposure)30.2%
Profit vs his peak account equity68.2%
His peak account equity$22.74M
Resilience (P&L ÷ drawdown)3.52
Largest exposure held$51.39M
Open-to-flat rounds13
Spread across11 coins
Fills inside those rounds102,110
Typical round length71.0 days
Same-day in-and-out share0.0%
Taker share38.4%
Fills per day1,620.8
Days active317

Similar addresses

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

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.