0x4a96…500e · Hyperliquid address profile

0x4a96036fb1529561fa3eeeb2781fad2d4f25500eView on Hyperliquid ↗

Not offered yetDelta-neutral carry Mark-to-market cumulative profit $9.03M, ranked #79 site-wide.

Three things to check before following him

This address still holds
$3.65M
perps + spot + vaults + staking; perps account $1.51M, 15 open positions
Ever liquidated
No
No liquidation on record in this window
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 $9.03M 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$8.26M$7.37M

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 ($891K). The hatched band on the left is before our data starts (20250727); the exchange had him at $-761K by then — that is why our number differs from other sites.

His account equity

Equity at start
$2.59M
2025-07-27
Equity now
$3.74M
2026-09-22
All-time high
$9.39M
now 40% of peak
P&L over the same span
$9.03M
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
$9.03M
Max drawdown
$4.36M
Profit vs equity
96.1%
vs his peak equity of $9.39M
Active
423 days

Where the money comes from

77.8%22.2%$9.03Mnetminus fees−$317K (3.39%)
BTC$3.86MHYPE-$2.48MSOL$2.14MAVAX$1.31MENA$910KLINK$875KkPEPE-$750KPOPCAT$714K

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

Funding is 22.2% 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

Size99Resilience60Maker26Funding91Consistency17Spread90axes = percentile among all (further out = more pronounced, not better)
#79top 1.0%5.23% 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

6.2
Out of every 10 positions, how many ended up green
1.03×
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
941 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 0.98 (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

BTC Short$2.90M
2025-07-27 → 2025-08-29 · 34 days · 9,622 fills · peak $31.20M ·
BTC Short$2.80M
2025-10-15 → 2025-11-23 · 40 days · 3,661 fills · peak $12.07M ·
AVAX Short$1.27M
2025-08-23 → 2025-10-10 · 49 days · 7,337 fills · peak $6.80M (205% of equity) ·

3 worst rounds

HYPE Short$-2.47M
2025-10-16 → 2026-09-22 · 338 days · 28,690 fills · peak $7.28M (210% of equity) ·
ETH Short$-2.01M
2025-08-07 → 2025-08-24 · 18 days · 6,331 fills · peak $19.15M (1153% of equity) ·
BTC Short$-1.80M
2025-08-31 → 2025-10-08 · 39 days · 4,231 fills · peak $22.16M (573% of equity) ·

All rounds (268 rounds in total; the 30 largest by P&L are listed)

CoinSideFrom → toDaysFillsPeak % of equityP&LUnfold
HYPEShort2025-10-16 → 2026-09-22338~28,690210%$-2.47M
ETHShort2026-07-29 → 2026-09-225624026%$-291K
LINKShort2025-08-10 → 2026-09-22310~11,466331%$875K
ZECShort2026-06-17 → 2026-09-2279~39620%$-316K
TONShort2025-08-14 → 2026-06-15156~2,44635%$658K
ZECShort2026-02-28 → 2026-05-2681~1,67956%$-374K
SOLLong2026-02-06 → 2026-05-08922,555164%$667K
FARTCOINShort2025-11-27 → 2026-04-27133~2,10824%$328K
ETHLong2026-03-07 → 2026-03-17111,073153%$606K
BTCShort2026-02-04 → 2026-02-052745147%$703K
ETHShort2026-01-04 → 2026-01-31281,446219%$930K
XRPShort2025-10-06 → 2026-01-3076~2,75480%$407K
ETHShort2025-12-12 → 2025-12-28171,657333%$423K
BTCShort2025-10-15 → 2025-11-23403,661$2.80M
kPEPELong2025-10-13 → 2025-11-14331,522$-542K
SOLShort2025-10-11 → 2025-11-1328~2,300147%$564K
ASTERLong2025-09-29 → 2025-11-1139~1,568$-338K
DOGELong2025-10-13 → 2025-11-06251,650$-431K
BTCLong2025-10-09 → 2025-10-1463,029386%$-1.05M
AVAXShort2025-08-23 → 2025-10-10497,337205%$1.27M
POPCATShort2025-07-30 → 2025-10-10734,53260%$498K
LDOShort2025-08-13 → 2025-10-10594,50760%$702K
SOLLong2025-10-10 → 2025-10-10178835%$1.54M
XPLShort2025-08-27 → 2025-10-0934~9,71336%$-432K
BTCShort2025-08-31 → 2025-10-08394,231573%$-1.80M
SOLShort2025-08-22 → 2025-09-23335,742177%$-432K
ETHShort2025-09-10 → 2025-09-20112,125254%$346K
ETHLong2025-08-29 → 2025-09-036157117%$467K
BTCShort2025-07-27 → 2025-08-29349,622$2.90M
ETHShort2025-08-07 → 2025-08-24186,3311153%$-2.01M

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)$9.03M
Max drawdown (mark-to-market)$4.36M
Return (÷ true intraday peak exposure)15.7%
Profit vs his peak account equity96.1%
His peak account equity$9.39M
Resilience (P&L ÷ drawdown)2.07
Largest exposure held$57.64M
Open-to-flat rounds280
Spread across58 coins
Fills inside those rounds307,672
Typical round length10.0 days
Same-day in-and-out share4.3%
Taker share96.5%
Fills per day940.9
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.