0xc40c…23a1 · Hyperliquid address profile

0xc40ca9847255a1b89ac50ee08555ec150a1e23a1View on Hyperliquid ↗

Not offered yetDelta-neutral carry Mark-to-market cumulative profit $609K, ranked #929 site-wide.

Three things to check before following him

This address still holds
$10K
perps + spot + vaults + staking; perps account $0, no open positions
Ever liquidated
Yes
10 times · $13K 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 $609K 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$118K$94K

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 ($24K). The hatched band on the left is before our data starts (20250727); the exchange had him at $-491K by then — that is why our number differs from other sites.

His account equity

Equity at start
$749K
2025-07-27
Equity now
$10K
2026-09-22
All-time high
$1.47M
now 1% of peak
P&L over the same span
$609K
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
$609K
Max drawdown
$278K
Profit vs equity
12.7%
vs his peak equity of $4.79M
Active
423 days

Where the money comes from

88.8%11.2%$609Knetminus fees−$10K (1.67%)
FARTCOIN$461KkBONK$143KASTER-$131KLAUNCHCOI$120KETH$98Kxyz:XYZ10-$98KSUI$76KXPL-$74K

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

Funding is 11.2% 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

Size88Resilience62Maker39Funding83Consistency42Spread67axes = percentile among all (further out = more pronounced, not better)
#929top 11.8%0.35% 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

5.9
Out of every 10 positions, how many ended up green
1.80×
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
405 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 0.83 (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

FARTCOIN Short$461K
2025-07-27 → 2025-10-10 · 76 days · 7,752 fills · peak $669K (58% of equity) ·
kBONK Short$143K
2025-07-27 → 2025-09-29 · 65 days · 1,920 fills · peak $347K (46% of equity) ·
ETH Short$112K
2025-08-13 → 2025-09-06 · 25 days · 659 fills · peak $1.14M (98% of equity) ·

3 worst rounds

ASTER Short$-137K
2025-09-21 → 2025-10-04 · 14 days · 3,617 fills · peak $755K (70% of equity) ·
xyz:XYZ100 Long$-98K
2025-11-16 → 2025-11-21 · 6 days · 3,303 fills · peak $2.83M (73121% of equity) · Unfold 🔒
XPL Short$-74K
2025-08-26 → 2025-09-25 · 13 days · 845 fills · peak $152K ·

All rounds (28 rounds)

CoinSideFrom → toDaysFillsPeak % of equityP&LUnfold
LAUNCHCOINShort2025-10-05 → 2026-09-223531,90316%$19K
HYPEShort2025-07-27 → 2026-09-0468~3,161187%$-37K
BTCLong2026-07-26 → 2026-08-202631%$5
xyz:SPCXShort2026-07-13 → 2026-07-16410104%$2
xyz:DRAMLong2026-07-13 → 2026-07-1648465%$-1,456
xyz:SKHYLong2026-07-10 → 2026-07-13436413%$1,682
xyz:BRENTOILLong2026-04-08 → 2026-04-0922338%$5,805
xyz:CLLong2026-04-07 → 2026-04-082134299773%$-9,239
hyna:BTCLong2026-01-03 → 2026-01-25233359%$-34
xyz:XYZ100Long2025-11-16 → 2025-11-2163,30373121%$-98KUnfold 🔒
FARTCOINShort2025-07-27 → 2025-10-10767,75258%$461K
ASTERLong2025-10-05 → 2025-10-0842,04289%$5,942
DOGELong2025-09-30 → 2025-10-07820%$37
ASTERShort2025-09-21 → 2025-10-04143,61770%$-137K
LAUNCHCOINLong2025-10-02 → 2025-10-0437254%$-5,284
LAUNCHCOINShort2025-07-27 → 2025-10-01678,70453%$107K
kBONKShort2025-07-27 → 2025-09-29651,92046%$143K
DOGEShort2025-07-27 → 2025-09-286433520%$10K
SUIShort2025-07-27 → 2025-09-286457540%$76K
ETHLong2025-09-07 → 2025-09-282220%$-14K
CRVShort2025-07-27 → 2025-09-286428912%$34K
WIFShort2025-07-27 → 2025-09-2864220%$649
XPLShort2025-08-26 → 2025-09-2513~845$-74K
ETHShort2025-08-13 → 2025-09-062565998%$112K
WLFILong2025-09-01 → 2025-09-0551210%$89
ENALong2025-07-31 → 2025-08-067660%$542
ENAShort2025-07-27 → 2025-07-304896%$6,603
kPEPEShort2025-07-27 → 2025-07-27110$37

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)$609K
Max drawdown (mark-to-market)$278K
Return (÷ true intraday peak exposure)16.4%
Profit vs his peak account equity12.7%
His peak account equity$4.79M
Resilience (P&L ÷ drawdown)2.19
Largest exposure held$3.72M
Open-to-flat rounds32
Spread across22 coins
Fills inside those rounds36,436
Typical round length13.5 days
Same-day in-and-out share12.5%
Taker share88.1%
Fills per day404.8
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.