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0x4537…8732 · Hyperliquid address profile

0x4537e1a5b7bcadd39f6d6211cb757ce431798732View on Hyperliquid ↗ ·

Not offered yetHigh frequency Mark-to-market cumulative profit $1.45M (perps + spot, since 2025-07-27), ranked #474 site-wide. All-time P&L on the exchange's own record (incl. spot, vaults, staking): $168K.

Three things to check before following him

This address still holds
$1.01M
perps + spot + vaults + staking; perps account $1.01M, 2 open positions
Ever liquidated
Yes
2 times · $8,884 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 $1.45M 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$449K$292K

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 ($158K). The hatched band on the left is before our data starts (20250727); the exchange had him at $-736K by then — that is why our number differs from other sites.

His account equity

Equity at start
$3.15M
2025-07-27
Equity now
$1.01M
2026-11-07
All-time high
$7.11M
now 14% of peak
P&L over the same span
$1.45M
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
$1.45M
Max drawdown
$715K
Profit vs equity
20.4%
vs his peak equity of $7.11M
Active
469 days

Where the money comes from

92.2%7.8%$1.45Mnet
XRP$1.39MMEGA$46Kxyz:SILVE$11Kxyz:GOLD$5,938BTC-$0
minus fees−$36K (2.39%)

Funding is 7.8% 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

Size94Resilience65Maker70Funding82Consistency8Spread24
$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#474 of 7,432 · top 6.4%only 473 made more · 0.47% 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

6.2
Out of every 10 positions, how many ended up green
1.06×
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 · High frequency
783 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.

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

XRP Short$476K
2025-11-08 → 2026-01-01 · 55 days · 21,499 fills · peak $3.13M (310% of equity) · —
XRP Short$225K
2025-10-01 → 2025-10-09 · 9 days · 3,103 fills · peak $4.20M (312% of equity) · —
XRP Short$203K
2025-09-01 → 2025-09-29 · 29 days · 12,986 fills · peak $3.73M (283% of equity) · —

3 worst rounds

XRP Short$-576K
2026-08-19 → 2026-08-24 · 6 days · 7,557 fills · peak $2.27M (507% of equity) · —
XRP Short$-209K
2026-09-10 → 2026-09-25 · 16 days · 5,655 fills · peak $2.77M (258% of equity) · —
XRP Short$-68K
2026-01-08 → 2026-01-17 · 10 days · 2,518 fills · peak $1.79M (236% of equity) · —

All rounds (159 rounds in total; the 30 largest by P&L are listed)

CoinSideFrom → toDaysFillsPeak % of equityP&LUnfold
XRPShort2026-11-03 → 2026-11-0641,98786%$112K—
XRPShort2026-10-18 → 2026-11-01152,816202%$170K—
XRPShort2026-10-08 → 2026-10-114635142%$-61K—
XRPLong2026-10-07 → 2026-10-07149548%$52K—
XRPShort2026-09-27 → 2026-10-0153,092280%$141K—
XRPLong2026-09-26 → 2026-09-2615759%$51K—
XRPShort2026-09-10 → 2026-09-25165,655258%$-209K—
XRPShort2026-08-26 → 2026-09-08143,082210%$81K—
XRPLong2026-08-25 → 2026-08-2511,62234%$63K—
XRPShort2026-08-19 → 2026-08-2467,557507%$-576K—
MEGAShort2026-05-28 → 2026-08-067115,26514%$38K—
XRPShort2026-06-27 → 2026-07-07111,923241%$-38K—
XRPLong2026-06-25 → 2026-06-2621,12977%$71K—
XRPShort2026-06-04 → 2026-06-242117,483199%$70K—
XRPShort2026-05-30 → 2026-06-0243,96340%$52K—
MEGAShort2026-04-30 → 2026-05-252686516%$41K—
XRPLong2026-03-16 → 2026-03-2381,44275%$-43K—
XRPShort2026-01-26 → 2026-03-1246394187%$159K—
XRPLong2026-01-18 → 2026-01-18116317%$39K—
XRPShort2026-01-08 → 2026-01-17102,518236%$-68K—
XRPLong2026-01-02 → 2026-01-03231014%$-41K—
XRPShort2025-11-08 → 2026-01-015521,499310%$476K—
XRPLong2025-11-07 → 2025-11-0715913%$-37K—
XRPShort2025-10-16 → 2025-10-1612,2974%$44K—
XRPLong2025-10-10 → 2025-10-11212,95510%$-470K—
XRPShort2025-10-01 → 2025-10-0993,103312%$225K—
XRPShort2025-09-01 → 2025-09-292912,986283%$203K—
XRPShort2025-08-22 → 2025-08-2878,255207%$137K—
XRPLong2025-08-02 → 2025-08-03261117%$38K—
XRPShort2025-07-27 → 2025-07-2932,972170%$250K—

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)$1.45M
Max drawdown (mark-to-market)$715K
Return (÷ true intraday peak exposure)17.0%
Profit vs his peak account equity20.4%
His peak account equity$7.11M
Resilience (P&L ÷ drawdown)2.04
Largest exposure held$8.55M
Open-to-flat rounds160
Spread across5 coins
Fills inside those rounds362,577
Typical round length2.0 days
Same-day in-and-out share0.6%
Taker share48.1%
Fills per day783.1
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.