0xd209…137d · Hyperliquid address profile

0xd20928516631b043d72d9a97153bd83489da137dView on Hyperliquid ↗

⚠️ Understand firstDelta-neutral carry Mark-to-market cumulative profit $114K, ranked #3118 site-wide.

Three things to check before following him

This address still holds
$101K
perps + spot + vaults + staking; perps account $17K, 5 open positions
Ever liquidated
Yes
197 times · $450K notional
Time since last trade
Traded today
last fill 2026-09-23

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 $114K 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

$114K$126K

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 ($-12K). The hatched band on the left is before our data starts (20260309); the exchange had him at $0 by then — that is why our number differs from other sites.

His account equity

Equity at start
$4,882
2026-03-11
Equity now
$103K
2026-09-23
All-time high
$104K
now 100% of peak
P&L over the same span
$114K
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
$114K
Max drawdown
$77K
Profit vs equity
109.8%
vs his peak equity of $104K
Active
199 days

Where the money comes from

89.9%10.1%$114Knetminus fees−$6,382 (5.31%)
ETH$23KNEAR$22KZEC$22KBTC$15KXPL$11KPUMP-$9,284xyz:CL$9,092ARB$8,826

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

Funding is 10.1% 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

Size61Resilience47Maker62Funding82Consistency22Spread94axes = percentile among all (further out = more pronounced, not better)
#3118top 39.4%0.06% 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

6.9
Out of every 10 positions, how many ended up green
0.68×
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.

Understand this before following him · Delta-neutral carry
He buys spot and shorts the perp on HYPE at the same time, hedge ratio 1.26 (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

NEAR Long$20K
2026-06-04 → 2026-09-22 · 28 days · 269 fills · peak $36K (39% of equity) ·
BTC Short$17K
2026-08-21 → 2026-09-02 · 13 days · 18 fills · peak $77K (99% of equity) ·
XPL Long$13K
2026-06-11 → 2026-06-17 · 7 days · 263 fills · peak $27K (38% of equity) ·

3 worst rounds

PONS Short$-30K
2026-08-31 → 2026-09-05 · 6 days · 256 fills · peak $52K (86% of equity) ·
BTC Long$-26K
2026-09-03 → 2026-09-09 · 7 days · 24 fills · peak $163K (231% of equity) ·
xyz:CL Short$-8,013
2026-08-23 → 2026-09-23 · 27 days · 41 fills · peak $54K (132% of equity) ·

All rounds (182 rounds in total; the 30 largest by P&L are listed)

CoinSideFrom → toDaysFillsPeak % of equityP&LUnfold
xyz:CLShort2026-08-23 → 2026-09-2327~41132%$-8,013
PUMPLong2026-08-30 → 2026-09-23251919%$-5,420
ETHLong2026-09-21 → 2026-09-2221590%$-5,948
NEARLong2026-06-04 → 2026-09-2228~26939%$20K
ARBLong2026-09-16 → 2026-09-22714932%$8,826
BTCShort2026-09-10 → 2026-09-219~128401%$12K
ETHShort2026-09-20 → 2026-09-201857%$6,167
ETHShort2026-09-10 → 2026-09-15643119%$5,161
VVVShort2026-07-04 → 2026-09-1553~58733%$-4,551
ZECLong2026-06-06 → 2026-09-1025~7963%$7,511
ETHLong2026-09-04 → 2026-09-096279%$-5,721
BTCLong2026-09-03 → 2026-09-09724231%$-26K
CASHCATLong2026-09-02 → 2026-09-0763625%$-7,899
xyz:NBISLong2026-07-02 → 2026-09-0561~9158%$4,770
PONSShort2026-08-31 → 2026-09-05625686%$-30K
ETHShort2026-08-21 → 2026-09-03142261%$8,109
BTCShort2026-08-21 → 2026-09-02131899%$17K
xyz:SNDKLong2026-07-02 → 2026-09-0155~19974%$4,512
HYPELong2026-08-20 → 2026-08-2125250%$4,533
xyz:CXMTLong2026-07-31 → 2026-08-1717~35227%$5,474
xyz:KIOXIALong2026-08-02 → 2026-08-171646673%$7,310
ADAShort2026-06-04 → 2026-07-28557450%$5,530
xyz:BBLong2026-06-25 → 2026-07-07131923%$4,740
xyz:DRAMLong2026-06-25 → 2026-07-0282744%$-5,595
XPLLong2026-06-11 → 2026-06-17726338%$13K
TRUMPLong2026-03-14 → 2026-06-058411241%$-6,685
ETHShort2026-04-19 → 2026-05-3138~9786%$5,654
BTCShort2026-05-11 → 2026-05-2919167121%$6,342
ZECLong2026-05-03 → 2026-05-108435129%$10K
xyz:GOLDLong2026-03-16 → 2026-03-23846478%$-6,682

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)$114K
Max drawdown (mark-to-market)$77K
Return (÷ true intraday peak exposure)16.4%
Profit vs his peak account equity109.8%
His peak account equity$104K
Resilience (P&L ÷ drawdown)1.48
Largest exposure held$693K
Open-to-flat rounds266
Spread across76 coins
Fills inside those rounds15,760
Typical round length7.0 days
Same-day in-and-out share31.6%
Taker share60.4%
Fills per day92.7
Days active199

Similar addresses

0xecb63caa47c7c4e77f60f1ce858cf28dc2b82b00 · 0x880ac484a1743862989a441d6d867238c7aa311c · 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36 · 0x7fdafde5cfb5465924316eced2d3715494c517d1 · 0xd47587702a91731dc1089b5db0932cf820151a91 · 0xa312114b5795dff9b8db50474dd57701aa78ad1e

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.