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0x5c9b…e431 · Hyperliquid address profile

0x5c9b5f1f13aa845d46a16a4036f1ba7eff7de431View on Hyperliquid ↗ ·

Not offered yetDelta-neutral carry Mark-to-market cumulative profit $7.22M (perps + spot, since 2025-07-27), ranked #122 site-wide. All-time P&L on the exchange's own record (incl. spot, vaults, staking): $7.45M.

Three things to check before following him

This address still holds
$6
perps + spot + vaults + staking; perps account $0, no open positions
Ever liquidated
Yes
11 times · $126K 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 $7.22M 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$7.62M$7.47M

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 ($148K). The hatched band on the left is before our data starts (20250727); the exchange had him at $1.91M by then — that is why our number differs from other sites.

His account equity

Equity at start
$8.44M
2025-07-27
Equity now
$6
2026-11-02
All-time high
$8.44M
now 0% of peak
P&L over the same span
$7.22M
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
$7.22M
Max drawdown
$3.55M
Profit vs equity
85.6%
vs his peak equity of $8.44M
Active
469 days

Where the money comes from

95.4%4.6%$7.22Mnet
AVAX$546KUNI$467KLINEA$390KWIF$380KLDO$293KZEC-$286KPENGU$282KS$260K
minus fees−$24K (0.33%)

Funding is 4.6% 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

Size98Resilience65Maker11Funding75Consistency72Spread94
$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#122 of 7,432 · top 1.6%only 121 made more · 2.33% 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

7.4
Out of every 10 positions, how many ended up green
2.28×
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
8,173 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 1.00 (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

AVAX Short$471K
2025-09-09 → 2025-10-10 · 32 days · 6,789 fills · peak $773K (12% of equity) · —
UNI Short$401K
2025-09-09 → 2025-10-10 · 32 days · 9,935 fills · peak $764K (12% of equity) · —
LINEA Short$390K
2025-09-18 → 2025-10-10 · 23 days · 6,652 fills · peak $780K (11% of equity) · —

3 worst rounds

ZEC Short$-286K
2025-10-03 → 2025-10-10 · 8 days · 3,509 fills · peak $609K (9% of equity) · —
BTC Long$-163K
2025-10-11 → 2025-11-26 · 47 days · 314 fills · peak $716K (11% of equity) · —
ETH Short$-138K
2025-07-27 → 2025-08-25 · 30 days · 2,647 fills · peak $1.35M (20% of equity) · —

All rounds (177 rounds in total; the 30 largest by P&L are listed)

CoinSideFrom → toDaysFillsPeak % of equityP&LUnfold
BTCLong2025-10-11 → 2025-11-264731411%$-163K—
VINEShort2025-09-16 → 2025-10-10253,5202%$109K—
RENDERShort2025-09-18 → 2025-10-10231,6933%$167K—
ZECShort2025-10-03 → 2025-10-1083,5099%$-286K—
ZROShort2025-09-09 → 2025-10-10325,1649%$228K—
TONShort2025-09-09 → 2025-10-10324,1855%$111K—
EIGENShort2025-09-09 → 2025-10-10325,7558%$175K—
LDOShort2025-09-17 → 2025-10-10246,1758%$182K—
AVAXShort2025-09-09 → 2025-10-10326,78912%$471K—
IPShort2025-09-27 → 2025-10-10143,8935%$204K—
LINEAShort2025-09-18 → 2025-10-10236,65211%$390K—
WIFShort2025-09-09 → 2025-10-10323,2014%$143K—
LTCShort2025-10-03 → 2025-10-1083,18411%$124K—
UNIShort2025-09-09 → 2025-10-10329,93512%$401K—
WShort2025-09-17 → 2025-10-10245,8209%$149K—
XPLShort2025-09-27 → 2025-10-10149,4237%$346K—
ONDOShort2025-09-10 → 2025-10-10315,3887%$170K—
STRKShort2025-09-29 → 2025-10-10123,2093%$120K—
SShort2025-09-09 → 2025-10-10326,0277%$206K—
TAOShort2025-09-16 → 2025-10-10255,9876%$120K—
ZORAShort2025-09-28 → 2025-10-10135,6463%$-101K—
STBLShort2025-09-26 → 2025-10-10157,2503%$148K—
LDOShort2025-08-10 → 2025-09-012313,54412%$111K—
TAOShort2025-07-27 → 2025-09-01375,6696%$107K—
NEARShort2025-07-27 → 2025-09-01376,7979%$130K—
FARTCOINShort2025-07-27 → 2025-08-31366,0117%$240K—
WIFShort2025-07-27 → 2025-08-29348,50411%$237K—
SUIShort2025-07-27 → 2025-08-26315,7669%$157K—
ETHShort2025-07-27 → 2025-08-25302,64720%$-138K—
PENGUShort2025-07-27 → 2025-08-13184,9308%$122K—

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)$7.22M
Max drawdown (mark-to-market)$3.55M
Return (÷ true intraday peak exposure)35.7%
Profit vs his peak account equity85.6%
His peak account equity$8.44M
Resilience (P&L ÷ drawdown)2.03
Largest exposure held$20.22M
Open-to-flat rounds183
Spread across90 coins
Fills inside those rounds604,843
Typical round length18.0 days
Same-day in-and-out share3.3%
Taker share100.0%
Fills per day8,173.2
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.