0x939f…04d2 · Hyperliquid address profile

0x939f95036d2e7b6d7419ec072bf9d967352204d2View on Hyperliquid ↗

Not offered yetDelta-neutral carry Mark-to-market cumulative profit $21.59M, ranked #30 site-wide.

Three things to check before following him

This address still holds
$5.06M
perps + spot + vaults + staking; perps account $4.03M, 1 open positions
Ever liquidated
Yes
31 times · $97K 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 $21.59M 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$22.99M$27.76M

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 ($-4.77M). The hatched band on the left is before our data starts (20250727); the exchange had him at $1.41M by then — that is why our number differs from other sites.

His account equity

Equity at start
$6.04M
2025-07-27
Equity now
$4.93M
2026-09-22
All-time high
$45.40M
now 11% of peak
P&L over the same span
$21.59M
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
$21.59M
Max drawdown
$19.56M
Profit vs equity
47.5%
vs his peak equity of $45.40M
Active
423 days

Where the money comes from

87.5%12.5%$21.59Mnetminus fees−$416K (1.89%)
HYPE-$10.39MBTC$7.85METH$7.82MSOL$5.57MXRP$4.55MDOGE$3.15MASTER-$2.07MADA$1.60M

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

Funding is 12.5% 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

Size100Resilience34Maker28Funding84Consistency39Spread64axes = percentile among all (further out = more pronounced, not better)
#30top 0.4%12.50% 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

8.1
Out of every 10 positions, how many ended up green
0.42×
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
3,418 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 0.90 (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$12.18M
2025-10-14 → 2025-12-02 · 50 days · 14,390 fills · peak $45.18M (280% of equity) ·
HYPE Long$4.16M
2025-11-19 → 2026-01-31 · 74 days · 64,619 fills · peak $14.86M (56% of equity) ·
XRP Short$2.96M
2025-10-05 → 2025-11-02 · 27 days · 4,289 fills · peak $6.47M (99% of equity) ·

3 worst rounds

HYPE Short$-16.15M
2026-03-09 → 2026-09-22 · 198 days · 151,547 fills · peak $30.79M (79% of equity) ·
BTC Long$-7.17M
2026-01-08 → 2026-09-15 · 251 days · 77,864 fills · peak $36.13M (80% of equity) ·
ASTER Short$-2.81M
2025-09-19 → 2025-10-09 · 21 days · 6,589 fills · peak $8.03M (123% of equity) ·

All rounds (47 rounds in total; the 30 largest by P&L are listed)

CoinSideFrom → toDaysFillsPeak % of equityP&LUnfold
HYPEShort2026-03-09 → 2026-09-22198151,54779%$-16.15M
BTCLong2026-01-08 → 2026-09-1525177,86480%$-7.17M
XRPShort2025-11-12 → 2026-06-18145~42,80115%$1.39M
SOLShort2025-10-13 → 2026-06-08102~22,722119%$2.29M
ZECShort2026-05-20 → 2026-05-27811,34642%$1.24M
xyz:CLLong2026-04-10 → 2026-04-1562,9079%$-326K
ADAShort2025-11-12 → 2026-03-17122~63,48821%$1.60M
DOGEShort2025-11-12 → 2026-03-16121~47,08011%$1.16M
ETHShort2026-02-06 → 2026-03-143718,95927%$-845K
AVAXShort2026-02-23 → 2026-03-131916,4894%$-198K
UNIShort2026-01-15 → 2026-03-125736,8617%$542K
BNBShort2025-10-13 → 2026-02-27127~27,7397%$861K
HYPEShort2026-02-01 → 2026-02-232332,47334%$1.19M
HYPELong2025-11-19 → 2026-01-317464,61956%$4.16M
ETHShort2025-10-12 → 2026-01-2390~16,42770%$2.65M
BTCShort2026-01-07 → 2026-01-0711,26426%$-236K
BTCShort2025-10-14 → 2025-12-025014,390280%$12.18M
HYPEShort2025-10-23 → 2025-11-18276,88730%$692K
XRPShort2025-10-05 → 2025-11-0227~4,28999%$2.96M
ASTERLong2025-10-10 → 2025-10-1454,24342%$713K
SOLLong2025-10-10 → 2025-10-1235,90369%$2.08M
DOGELong2025-10-10 → 2025-10-1123,46332%$742K
ETHLong2025-10-10 → 2025-10-1122,486429%$4.30M
BTCShort2025-08-01 → 2025-10-0961~13,241327%$2.91M
ASTERShort2025-09-19 → 2025-10-09216,589123%$-2.81M
ETHShort2025-07-29 → 2025-10-097322,450628%$1.51M
SOLShort2025-07-27 → 2025-10-0944~7,57093%$1.20M
DOGEShort2025-07-29 → 2025-10-0928~16,445108%$1.25M
HYPELong2025-09-09 → 2025-09-261824,41479%$-494K
SUIShort2025-07-27 → 2025-08-0162,333113%$966K

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)$21.59M
Max drawdown (mark-to-market)$19.56M
Return (÷ true intraday peak exposure)21.1%
Profit vs his peak account equity47.5%
His peak account equity$45.40M
Resilience (P&L ÷ drawdown)1.10
Largest exposure held$102.22M
Open-to-flat rounds57
Spread across20 coins
Fills inside those rounds851,140
Typical round length19.0 days
Same-day in-and-out share17.5%
Taker share96.0%
Fills per day3,418.2
Days active423

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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.

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.