0xf78c…c581 · Hyperliquid address profile

0xf78c5d8d4b604a140d43a46209fade655536c581View on Hyperliquid ↗

Not offered yetMarket maker Mark-to-market cumulative profit $3.14M, ranked #258 site-wide.

Three things to check before following him

This address still holds
$5.36M
perps + spot + vaults + staking; perps account $1.18M, 1 open positions
Ever liquidated
No
No liquidation on record in this window
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 $3.14M 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$3.14M$2.10M

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 ($1.05M). The hatched band on the left is before our data starts (20260429); the exchange had him at $0 by then — that is why our number differs from other sites.

His account equity

Equity at start
$388K
2026-04-29
Equity now
$5.28M
2026-09-22
All-time high
$5.41M
now 98% of peak
P&L over the same span
$3.14M
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
$3.14M
Max drawdown
$1.45M
Profit vs equity
58.1%
vs his peak equity of $5.41M
Active
147 days

Where the money comes from

$3.14Mnetminus fees−$16K (0.48%)
ETH$3.14M

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

Funding is -9.0% 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

Size97Resilience62Maker92Funding18Consistency90Spread4axes = percentile among all (further out = more pronounced, not better)
#258top 3.3%1.82% 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

932 bps
Net profit per $10,000 traded

His positions rarely go flat. In 147 days he fully closed out only 1 times; the rest of the time he was adjusting an open position — 3,238 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.)

Why copy trading is not open yet · Market maker
Only 12.8% of his volume takes liquidity; the rest is quoting both sides. He earns the market-making spread, not direction — copying his fills copies the outcome, not the strategy. Following him means quoting both sides too, which is a different system.

Every number

Cumulative P&L (mark-to-market)$3.14M
Max drawdown (mark-to-market)$1.45M
Return (÷ true intraday peak exposure)21.9%
Profit vs his peak account equity58.1%
His peak account equity$5.41M
Resilience (P&L ÷ drawdown)2.17
Largest exposure held$14.36M
Open-to-flat rounds1
Spread across1 coins
Fills inside those rounds3,238
Typical round length147.0 days
Same-day in-and-out share0.0%
Taker share12.8%
Fills per day129.5
Days active147

Similar addresses

0x082e843a431aef031264dc232693dd710aedca88 · 0x5d2f4460ac3514ada79f5d9838916e508ab39bb7 · 0x7717a7a245d9f950e586822b8c9b46863ed7bd7e · 0xe86b057f5eb764c9738d6b0d38170befd0723664 · 0x123dbca6a27005a3c4ce10cb66ee8ece8fc13bff · 0x4e23288cee4960f9f962195c22948e4bc7ae20c3

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.