Hyperliquid Top Trader Exposure

Sources and timing. Hyperliquid's hourly leaderboard snapshot, copied 11:32 UTC, ranks accounts over the selected window (including all-time PnL). Positions are a later observed native-perp sample from the shared on-chain wallet tracker, book valued 12:42 UTC; each contributor shows its own check age. Marks are used where available, otherwise entry prices. Vault and protocol accounts are excluded using the leaderboard's existing account-value rule; ROI uses its existing minimum account value.

Concentration. Each share divides a wallet's combined same-market, same-side USD by the selected sample's observed side notional, never whole-market open interest. Largest five includes at most five distinct wallets. A zero side has unavailable shares. Only wallets and positions checked within one hour qualify; recently checked accounts may have no open positions. Coverage counts use the leaderboard's wallet-check metadata, which can differ in time from the position book. Missing or stale observations are unknown. Profitable accounts' observed trades do not predict returns.