0xccaeb98ce9ca54f76bf0029cf9f12c894e253dd6View on Hyperliquid ↗ ·
⚠️ Understand firstDelta-neutral carry Mark-to-market cumulative profit $800K (perps + spot, since 2025-07-27), ranked #778 site-wide. All-time P&L on the exchange's own record (incl. spot, vaults, staking): $642K.
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 $800K of profit can be sitting on an empty account, and the P&L figure alone will never tell you.
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 ($444K). The hatched band on the left is before our data starts (20250727); the exchange had him at $-19K by then — that is why our number differs from other sites.
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.
Funding is 13.5% 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.
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.
His positions rarely go flat. In 469 days he fully closed out only 19 times; the rest of the time he was adjusting an open position — 5,565 fills in that span.
This is not missing data — there are no rounds to count. A win rate needs discrete trades you can score one by one, and his position never closes. So we show how much profit each dollar of volume produced instead. (Leverage inflates this number.)
Understand this before following him · Delta-neutral carry
He buys spot and shorts the perp on HYPE at the same time, hedge ratio 1.11 (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.
His positions rarely go fully flat, so there is no "every round" table above — a round-trip win rate would not mean anything for him. But 1 of his positions did open and close cleanly, and those can be unfolded fill by fill:
| Cumulative P&L (mark-to-market) | $800K |
| Max drawdown (mark-to-market) | $343K |
| Return (÷ true intraday peak exposure) | 31.5% |
| Profit vs his peak account equity | 78.4% |
| His peak account equity | $1.02M |
| Resilience (P&L ÷ drawdown) | 2.33 |
| Largest exposure held | $2.54M |
| Open-to-flat rounds | 19 |
| Spread across | 13 coins |
| Fills inside those rounds | 5,565 |
| Typical round length | 15.0 days |
| Same-day in-and-out share | 21.1% |
| Taker share | 95.5% |
| Fills per day | 57.4 |
| Days active | 469 |
0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36 · 0xecb63caa47c7c4e77f60f1ce858cf28dc2b82b00 · 0x7fdafde5cfb5465924316eced2d3715494c517d1 · 0x880ac484a1743862989a441d6d867238c7aa311c · 0xa312114b5795dff9b8db50474dd57701aa78ad1e · 0xd47587702a91731dc1089b5db0932cf820151a91
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.