Hyperliquid publishes a leaderboard of every account's PnL and ROI over four windows. It is the raw material for copy trading and also a trap: the raw top is full of accounts nobody should copy. This page explains what the numbers are and how hypercopy turns the list into a roster.
what the leaderboard shows
For each account: account value, PnL, ROI and volume over 24h, 7d, 30d and all time. PnL is realised plus unrealised, in dollars. ROI is PnL over the account's value. Hyperliquid updates it continuously; hypercopy downloads it hourly.
pnl vs roi
PnL ranks by dollars, so big accounts dominate. The top of the 30d PnL list is mostly large accounts and vaults. ROI ranks by percentage, so small accounts with a lucky month dominate, and deposits distort it: an account that deposited $1M mid-window shows a lower ROI than its trading deserves. Hypercopy's ROI ranking excludes deposits and withdrawals and is offered on the 7d and 30d windows, where it is meaningful.
Use both. High PnL with reasonable ROI is a large, steady account. High ROI with small PnL is a small account taking big risks.
the windows
- 24h: noise. One good trade.
- 7d: the current streak. Useful to see whether a 30d winner is still winning.
- 30d: the default. Includes at least one bad week for most traders.
- all time: survival. But it can hide a change of style: a trader who made $5M in 2024 and lost $2M since is still deep green.
Hypercopy requires a minimum PnL per window to list an account: $1k over 24h, $5k over 7d and 30d, $25k all time. Below that the sample is too small to mean anything.
who dominates the raw list, and why you should not copy them
Market makers. Accounts that quote both sides all day, thousands of fills, tiny profit per fill. Enormous volume relative to their size. Their edge is the spread and speed, neither of which a copy gets. Hypercopy removes accounts whose volume ÷ account value ÷ days is above 20.
Vaults. Pooled accounts run by a leader. Their fills are the pool's. If you want the leader's trading, deposit in the vault. Hypercopy excludes vaults and agent accounts.
Makers. Traders whose fills are mostly resting orders hit by others. A copy of a fast maker is a taker order chasing the price that just filled them. Hypercopy keeps a trader whose volume is mostly limit orders only if they hold their positions an hour or more and make at most 100 fills a day: an execution style, not a market maker's pace.
Scalpers. Median hold of seconds or minutes. Their edge is being first. Hypercopy requires a median hold of at least five minutes.
Tiny accounts. Hypercopy requires at least $10,000 of account value, at least 30 fills and at least 5 round trips, and at least 80% of volume on core perps.
What survives is a shorter list of humans with a sizeable account, trading perps at a pace a copy can follow. The bot does not rank them by PnL or ROI: it shows one list sorted by return per day held, what each dollar in their trades made per day, keeping those with 10+ trades, a positive 30-day ROI and a positive all-time PnL. Filters narrow it by profile and by effective leverage (≤ 5×, 5–10×, > 10×).
the profile behind the rank
Tap a trader in the bot to see, beyond PnL and ROI: median hold, trades per day, average trade size, 30-day max drawdown, account value and open positions. Those four numbers decide whether a copy would work; the rank only tells you they made money. See how to pick a trader.
faq
is hyperliquid's leaderboard accurate?
It is computed from the chain's own state, so it is exact for what it measures. What it does not measure is copyability.
why is a trader i know missing from hypercopy's list?
They failed a filter: account under $10k, too few fills, mostly limit orders at a market maker's pace, a vault, or a median hold under five minutes. You can still search their address and see the reason on their profile.
how often does the list change?
Hourly download; rankings drift as PnL windows roll. A trader who is number 3 today can be number 30 next week without doing anything, as a big day leaves the window.
copy hyperliquid's best, from telegram.
pick a trader, set your size. hypercopy trades with a key that can never withdraw, and you can stop at any time.
start copying