Hyperliquid Top Traders Guide
Understand how HyperStats ranks top Hyperliquid traders, what each metric means, and how to filter the leaderboard correctly.
A trader leaderboard is only useful if the metrics are clear. HyperStats separates realized performance, quality grading, and current portfolio context so you can compare traders on the right basis.
The page is designed for research, not hype. Use realized PnL, grade, closed risk, and current token exposure together instead of relying on a single number.
What the grade means
The grade is not just a raw PnL ranking. It blends trading quality and proof, so traders need real performance and enough evidence to earn the highest bands.
That is why a trader with a tiny profit cannot sit at the top forever, while a stronger wallet with more proven history can rank better even if its headline PnL is lower in one short window.
How to use the realized columns
The 24H, 7D, 30D, and all-time figures on Top Traders are realized metrics. They are meant to show closed trade performance, not temporary unrealized swings.
Use those columns alongside Win Rate and Closed Risk if you want to compare trader quality more fairly across different wallet sizes.
Best filtering workflow
Start with grade and token filters to narrow the universe, then sort by a realized period that matches your timeframe. For example, 30D realized PnL is often more useful than all-time when you care about current performance.
The Main Token column shows the trader's largest current open token by notional. That gives you a quick idea of where the trader is concentrated right now.
Frequently Asked Questions
Is the grade the same as the rank?
No. Rank is the current ordering on the page, while grade is a broader quality and proof signal. Two traders can be near each other in rank but have different grades.
Why does realized PnL matter more than unrealized PnL here?
Realized PnL is harder to fake and more stable for comparing traders. Unrealized PnL can swing heavily with current price movement and open leverage.
Related Guides
How to use HyperStats to follow whale wallets, watch real-time activity, and identify meaningful large-trader signals on Hyperliquid.
How to read a Hyperliquid wallet page on HyperStats, including tracked total PnL, realized PnL, positions, entries, exits, and bot-like activity labels.
How to use HyperStats token analytics and token terminal data to understand notional bias, activity windows, and top current positions on Hyperliquid.