0x985f…501f · Hyperliquid address profile

0x985f02b19dbc062e565c981aac5614baf2cf501fView on Hyperliquid ↗

Not offered yetDelta-neutral carry Mark-to-market cumulative profit $6.93M, ranked #125 site-wide.

Three things to check before following him

This address still holds
$2.38M
perps + spot + vaults + staking; perps account $486K, 13 open positions
Ever liquidated
Yes
403 times · $2.26M 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 $6.93M 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$4.84M$3.65M

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 ($1.18M). The hatched band on the left is before our data starts (20250727); the exchange had him at $-2.10M by then — that is why our number differs from other sites.

His account equity

Equity at start
$12.50M
2025-07-27
Equity now
$2.38M
2026-09-22
All-time high
$24.94M
now 10% of peak
P&L over the same span
$6.93M
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
$6.93M
Max drawdown
$7.66M
Profit vs equity
27.8%
vs his peak equity of $24.94M
Active
423 days

Where the money comes from

$6.93Mnetminus fees−$70K (0.84%)
ZEC-$5.59METH$4.00MXPL$2.97MAPT$2.89Mxyz:SKHX-$2.53MPUMP$1.35MXRP$1.11MkPEPE$917K

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

Funding is -20.3% 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

Size98Resilience28Maker65Funding9Consistency27Spread96axes = percentile among all (further out = more pronounced, not better)
#125top 1.6%4.01% 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

5.4
Out of every 10 positions, how many ended up green
1.27×
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
2,265 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

ETH Short$4.00M
2025-07-27 → 2026-04-08 · 165 days · 7,602 fills · peak $18.10M (111% of equity) ·
XPL Short$2.97M
2025-10-03 → 2026-04-02 · 137 days · 14,728 fills · peak $2.83M (185% of equity) ·
APT Short$2.89M
2025-09-30 → 2026-08-24 · 329 days · 14,522 fills · peak $3.40M (222% of equity) ·

3 worst rounds

ZEC Short$-5.27M
2025-10-10 → 2026-05-26 · 54 days · 31,994 fills · peak $7.82M (96% of equity) ·
xyz:SKHX Short$-2.28M
2026-07-13 → 2026-07-21 · 9 days · 25,115 fills · peak $14.40M (348% of equity) ·
HYPE Short$-906K
2025-10-03 → 2026-09-22 · 355 days · 32,412 fills · peak $7.92M (40% of equity) ·

All rounds (162 rounds in total; the 30 largest by P&L are listed)

CoinSideFrom → toDaysFillsPeak % of equityP&LUnfold
EIGENShort2025-09-19 → 2026-09-223692,71338%$637K
XMRShort2026-05-07 → 2026-09-2285~61,32529%$-203K
xyz:SMSNShort2026-04-16 → 2026-09-2216010,66290%$-516K
xyz:BBShort2026-05-28 → 2026-09-221189,44226%$381K
ZECShort2026-06-02 → 2026-09-221134,2598%$-322K
HYPEShort2025-10-03 → 2026-09-2235532,41240%$-906K
xyz:MULong2026-07-30 → 2026-09-22551,10018%$183K
CASHCATShort2026-07-15 → 2026-09-216957,65623%$-422K
APTShort2025-09-30 → 2026-08-2432914,522222%$2.89M
xyz:SKHXShort2026-07-13 → 2026-07-21925,115348%$-2.28M
xyz:SKHYShort2026-07-10 → 2026-07-1452,19670%$-300K
xyz:MUShort2026-05-11 → 2026-06-2438~7,41048%$182K
xyz:SKHXShort2026-06-11 → 2026-06-22122,27330%$-245K
xyz:MRVLShort2026-05-14 → 2026-06-16343,87844%$-630K
ZECShort2025-10-10 → 2026-05-2654~31,99496%$-5.27M
XRPShort2025-07-27 → 2026-05-21208~12,39155%$1.11M
MONShort2025-11-28 → 2026-05-2117518,19853%$916K
PUMPShort2025-10-03 → 2026-05-2123122,81815%$1.35M
kPEPEShort2026-01-07 → 2026-05-211356,78114%$917K
xyz:BRENTOILLong2026-04-29 → 2026-05-08103,51694%$-424K
xyz:BRENTOILShort2026-03-10 → 2026-04-285020,534138%$421K
xyz:CLLong2026-04-15 → 2026-04-2069950%$-226K
xyz:CLShort2026-03-10 → 2026-04-14367,061126%$558K
BNBShort2026-01-14 → 2026-04-08858,61519%$591K
ETHShort2025-07-27 → 2026-04-08165~7,602111%$4.00M
ASTERShort2025-10-03 → 2026-04-081885,86079%$675K
XPLShort2025-10-03 → 2026-04-02137~14,728185%$2.97M
LINKShort2025-08-31 → 2026-01-31109~2,9719%$421K
DOGEShort2025-07-27 → 2026-01-3028~7,83813%$444K
CAKEShort2025-10-03 → 2025-11-21504,15769%$292K

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)$6.93M
Max drawdown (mark-to-market)$7.66M
Return (÷ true intraday peak exposure)11.8%
Profit vs his peak account equity27.8%
His peak account equity$24.94M
Resilience (P&L ÷ drawdown)0.90
Largest exposure held$58.76M
Open-to-flat rounds171
Spread across97 coins
Fills inside those rounds622,896
Typical round length22.5 days
Same-day in-and-out share5.3%
Taker share56.8%
Fills per day2,265.0
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.