Hyperliquid PnL Explorer
Where a trader's PnL actually came from: which markets, realized versus funding versus fees, how concentrated the result is, and whether the win rate rests on 8 positions or 800.
Win rate, and why the sample size matters more
A 70 % win rate over 12 positions says almost nothing; the same rate over 800 says a great deal. We compute win rate on closed position cycles — never on fills, which would inflate it for anyone who scales out — and we always print the number of positions next to the percentage. Below 30, the metric is greyed out rather than dressed up.
Profit factor
Gross profit divided by gross loss. A profit factor of 2 means the winners brought in twice what the losers cost. It is more robust than win rate because it weighs size, and a trader can be profitable at a 30 % win rate if the winners are large enough.
Trade history and concentration
The critical question a leaderboard never answers: was the result repeatable, or was it one trade? We show the contribution of the single best position, of the top three, and of the dominant market. When one position carries more than 80 % of the gross profit, we say so in plain words rather than leaving you to work it out.
Realized, funding and fees are not the same thing
Most tools show one PnL number. We separate realized PnL, funding paid or received, and fees, per market. A wallet that looks strong on realized PnL and is flat on net has a funding problem, and that distinction changes whether the strategy is worth copying — see the funding calculator.
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