0x856c…910d · Hyperliquid address profile

0x856c35038594767646266bc7fd68dc26480e910dView on Hyperliquid ↗

Not offered yetDelta-neutral carry Mark-to-market cumulative profit $23.83M, ranked #28 site-wide.

Three things to check before following him

This address still holds
$28.52M
perps + spot + vaults + staking; perps account $795K, 28 open positions
Ever liquidated
Yes
12 times · $9,679 notional
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 $23.83M 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$31.43M$19.63M

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 ($11.80M). The hatched band on the left is before our data starts (20250727); the exchange had him at $7.59M by then — that is why our number differs from other sites.

His account equity

Equity at start
$24.83M
2025-07-27
Equity now
$28.43M
2026-09-22
All-time high
$48.62M
now 58% of peak
P&L over the same span
$23.83M
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
$23.83M
Max drawdown
$17.48M
Profit vs equity
49.0%
vs his peak equity of $48.62M
Active
423 days

Where the money comes from

77.1%22.9%$23.83Mnetminus fees−$239K (0.99%)
ETH$13.47MBTC$9.63MHYPE-$7.89MXPL$4.19MFARTCOIN$3.33MLIT-$2.56MZEC-$1.45MASTER$1.44M

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

Funding is 22.9% 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

Size100Resilience42Maker79Funding91Consistency4Spread89axes = percentile among all (further out = more pronounced, not better)
#28top 0.3%13.80% 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

6.0
Out of every 10 positions, how many ended up green
1.11×
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
10,268 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 1.02 (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$8.27M
2025-08-07 → 2026-03-29 · 235 days · 106,493 fills · peak $33.81M (97% of equity) ·
ETH Short$7.77M
2025-11-08 → 2026-02-01 · 86 days · 13,209 fills · peak $25.56M (73% of equity) ·
HYPE Short$3.45M
2025-11-05 → 2026-01-31 · 88 days · 331,428 fills · peak $20.47M (58% of equity) ·

3 worst rounds

HYPE Short$-12.17M
2026-03-02 → 2026-09-14 · 197 days · 145,720 fills · peak $27.03M (57% of equity) ·
LIT Short$-3.21M
2026-03-16 → 2026-09-11 · 180 days · 40,690 fills · peak $4.82M (19% of equity) ·
ZEC Short$-2.87M
2026-04-10 → 2026-05-29 · 50 days · 133,723 fills · peak $8.98M (25% of equity) ·

All rounds (452 rounds in total; the 30 largest by P&L are listed)

CoinSideFrom → toDaysFillsPeak % of equityP&LUnfold
XPLShort2026-04-07 → 2026-09-2216929,53711%$2.08M
ASTERShort2025-11-16 → 2026-09-2231151,6059%$2.27M
xyz:XYZ100Short2026-01-22 → 2026-09-22178~1,01410%$-691K
HYPEShort2026-03-02 → 2026-09-14197145,72057%$-12.17M
LITShort2026-03-16 → 2026-09-1118040,69019%$-3.21M
ETHShort2026-05-05 → 2026-06-07346,26023%$1.93M
ZECShort2026-04-10 → 2026-05-2950133,72325%$-2.87M
BTCLong2026-03-30 → 2026-04-0799,56758%$1.10M
ETHLong2026-03-15 → 2026-04-06234,89546%$-788K
BTCShort2025-08-07 → 2026-03-29235106,49397%$8.27M
PAXGShort2025-11-07 → 2026-03-0311761,45232%$-1.57M
HYPELong2026-02-23 → 2026-03-01712,66929%$728K
FARTCOINShort2025-12-19 → 2026-02-095334,00212%$1.24M
SOLShort2026-01-27 → 2026-02-0167,6399%$862K
ETHShort2025-11-08 → 2026-02-018613,20973%$7.77M
HYPEShort2025-11-05 → 2026-01-3188331,42858%$3.45M
PUMPShort2025-10-02 → 2026-01-1710816,0916%$988K
ZECShort2025-12-24 → 2026-01-132123,57413%$747K
XPLShort2025-10-13 → 2025-12-176611,9018%$1.59M
ETHShort2025-10-03 → 2025-11-033212,67041%$2.25M
HYPEShort2025-09-27 → 2025-11-0136396,84482%$-2.12M
FARTCOINShort2025-09-22 → 2025-10-11205,4207%$822K
ASTERShort2025-09-20 → 2025-10-081920,76515%$-945K
XPLShort2025-09-26 → 2025-10-081323,73112%$813K
ETHShort2025-09-04 → 2025-09-28255,60939%$938K
PUMPShort2025-07-28 → 2025-09-094438,25915%$-1.13M
HYPEShort2025-08-05 → 2025-09-0431180,72229%$-1.03M
FARTCOINShort2025-07-27 → 2025-08-17225,14113%$886K
HYPEShort2025-07-28 → 2025-08-02629,75249%$1.67M
ETHShort2025-07-27 → 2025-08-0162,22956%$1.16M

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)$23.83M
Max drawdown (mark-to-market)$17.48M
Return (÷ true intraday peak exposure)24.3%
Profit vs his peak account equity49.0%
His peak account equity$48.62M
Resilience (P&L ÷ drawdown)1.36
Largest exposure held$97.95M
Open-to-flat rounds460
Spread across53 coins
Fills inside those rounds4,343,127
Typical round length7.0 days
Same-day in-and-out share1.7%
Taker share36.8%
Fills per day10,267.5
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.