Research August 1, 2026 4 min
Hyperliquid's 7-Day Leaderboard: Big PnL, Small ROI — Mostly
What top Hyperliquid traders' 7-day realized PnL and ROI reveal about where perp risk sits: whale accounts grinding low single digits, and one outlier.
#leaderboard
15 posts
#altcoins#risk#rotation#risk appetite#leaderboard#hyperliquid#Hyperliquid#perps#perpetuals#risk-appetite#on-chain#market note#crypto#market structure#bitcoin#Crypto#Market Analysis#Movers#PnL#market movers
Research
Research July 20, 2026 4 min
Hyperliquid's 7-Day Leaderboard: Two Very Different Risk Books
What $282.6M in realized weekly PnL across six Hyperliquid accounts reveals about how whales and mid-size traders are taking perp risk right now.
Research July 18, 2026 7 min
Hyperliquid's 7-Day Leaderboard: Where Perp Risk Sits Right Now
Six Hyperliquid traders booked $4.9M–$245.8M in 7-day realized PnL. What the PnL-vs-ROI split reveals about how perp risk is being sized right now.
Research July 16, 2026 5 min
Reading Hyperliquid's 7-Day Leaderboard: PnL vs. ROI as Risk Signals
Top Hyperliquid traders made $154M and 87% ROI in the same week — different numbers, different risk. How to read perp leaderboards without being misled.
Research July 14, 2026 4 min
Hyperliquid Leaderboard: What 7-Day PnL and ROI Reveal About Perp Risk
Six top Hyperliquid accounts split into two risk profiles: large books grinding low ROI and small accounts running extreme leverage. A data brief.
Research July 12, 2026 6 min
Where Perp Risk Lives: Hyperliquid's 7-Day Leaderboard
A sober read of Hyperliquid's top traders by 7-day realized PnL and ROI — what the spread between size and leverage says about perp positioning.
Research July 6, 2026 7 min
Where Perp Risk Sits Now: Hyperliquid's 7-Day Leaderboard
Reading the top Hyperliquid traders' 7-day realized PnL, ROI and equity to see how perpetual-futures risk is being deployed right now.
Research July 3, 2026 6 min
What Hyperliquid's Top Traders' 7-Day PnL Reveals
A read of Hyperliquid's leaderboard: where perp risk is concentrated, what 7-day realized PnL and ROI actually say, and what they don't.
Research July 2, 2026 4 min
Where Hyperliquid's Top Traders Are Taking Perp Risk
A read of the top Hyperliquid leaderboard: 7-day realized PnL, ROI and equity, and what the split says about how perp risk is being sized.
Research June 28, 2026 5 min
PnL vs ROI: Reading the Hyperliquid Leaderboard
Two numbers tell different stories on the Hyperliquid perp leaderboard. Here is how 7-day PnL and ROI reveal where risk is actually being taken.
Research June 26, 2026 3 min
Hyperliquid's Top Traders: PnL Scale vs ROI Efficiency
A read of the 7-day Hyperliquid leaderboard — where realized perp PnL is large, where ROI is sharp, and what equity size tells us about risk.
Research June 24, 2026 6 min
Where Perp Risk Is Hiding: Hyperliquid's Top 7-Day PnL
Six Hyperliquid traders booked $7.8M–$10.4M in realized 7-day PnL. What their ROI and equity reveal about how perp risk is being taken now.
Research June 22, 2026 5 min
PnL vs ROI on Hyperliquid: How to Read Leaderboard Risk
Learn how PnL, ROI and account equity change the meaning of a Hyperliquid leaderboard ranking, with a worked 2026-06-22 snapshot.
Research June 18, 2026 5 min
Top Hyperliquid Traders: $1.1B in 7-Day PnL Signals Concentrated Risk
Analysis of realized PnL and ROI from leading Hyperliquid perpetual traders reveals where leverage and conviction are concentrated this week.
Research June 16, 2026 3 min
Top Hyperliquid Traders: Where $1.5B in Weekly PnL Clusters
Analysis of realized 7-day PnL and ROI from leading Hyperliquid perpetual traders. What concentration of returns reveals about current perp market risk.