Platform Overview

HyperX is a professional trading analytics and copy trading platform built exclusively for Hyperliquid, the largest on-chain perpetual futures exchange. Whether you are a beginner looking to learn from top traders or an experienced trader seeking deeper market intelligence, HyperX provides the tools you need to trade more effectively.

HyperX Wallet Discovery — ranked leaderboard of top-performing Hyperliquid wallets

The platform is organized around a clear workflow: Discover top-performing wallets, Analyze their trading patterns, Monitor their activity, and Copy the traders you trust. Alongside this core workflow, HyperX provides comprehensive market analysis tools including liquidation data, open interest analytics, and funding rate monitoring.

HyperX is designed with a professional terminal-style interface that prioritizes data density and readability. Every metric uses monospace fonts for precision, the layout maximizes information per screen, and the design language is deliberately compact and functional — optimized for traders who need quick access to actionable data.

Getting Started

Connecting Your Wallet

To access all HyperX features, connect your wallet through the sign-in process:

Navigate to HyperX and click the sign-in button in the top navigation
Connect with your preferred wallet provider
Authorize the connection — HyperX only requests read permissions by default
For copy trading, you will need to grant trading permissions through Hyperliquid's authorization system

Your funds always remain in your Hyperliquid account. HyperX is non-custodial and never has access to withdraw your assets.

Browsing Without an Account

Many HyperX features are available without signing in. You can browse the wallet discovery leaderboard, view trader analytics, and access market analysis tools. Signing in is required for personalized features like watchlists, alerts, and copy trading.

Feature Walkthrough

Wallet Discovery

The wallet discovery page is your starting point for finding profitable traders on Hyperliquid. It presents a ranked leaderboard of wallets with key performance metrics visible at a glance.

Key capabilities:

Sort by any metric — PnL, win rate, trade count, average return, and more. Click any column header to sort.
Filter by timeframe — View performance over 7 days, 30 days, 90 days, or all-time to find wallets with consistent performance across different periods.
Advanced filters — Narrow results by minimum PnL, minimum trade count, preferred assets, trading frequency, and more. This helps you find traders whose style matches your risk tolerance.
Quick preview — Hover over any wallet to see a quick summary of their recent positions and PnL without leaving the page.
Search — Enter any wallet address to instantly view its analytics, even if it is not on the leaderboard.

Tips for effective discovery:

Start with the 30-day timeframe for a balance between recency and sample size
Filter for at least 30+ trades to ensure statistical significance
Look for positive PnL combined with a win rate above 55% — this combination usually indicates genuine skill
Pay attention to the PnL curve shape, not just the final number. A smooth upward curve is more reliable than a single spike

Deep Trader Analysis

HyperX Trader Analysis — PnL curve, trading history, and performance metrics

Clicking on any wallet takes you to the deep analysis page — the most detailed trader analytics available for Hyperliquid. This page breaks down every aspect of a trader's performance.

Performance Overview:

Total PnL with breakdown by timeframe
Win rate and average return per trade
Maximum drawdown and current drawdown
Sharpe ratio and risk-adjusted metrics

Trading Style Analysis:

Average hold time — reveals whether the trader is a scalper, swing trader, or macro trader
Trade frequency — how often the trader opens new positions
Preferred assets — which markets the trader is most active in
Position sizing patterns — how the trader scales into and out of positions

PnL Curve:

Interactive chart showing cumulative PnL over time
Adjustable timeframe from inception to custom date ranges
Drawdown overlay showing periods of decline and recovery
Individual trade markers showing exactly when each trade was opened and closed

Trade History:

Complete list of every trade the wallet has executed
Entry price, exit price, realized PnL, leverage used, and hold time for each trade
Filter by asset, direction (long/short), and outcome (win/loss)
Export capability for offline analysis

Wallet Monitoring

Once you have identified interesting wallets, the monitoring features keep you informed of their activity.

Watchlist:

Add any wallet to your personal watchlist
See at a glance what each watched wallet is currently positioned in
View unrealized PnL and leverage for all active positions
Organize your watchlist with custom groups (e.g., "Top Scalpers", "Macro Traders")

Activity Feed:

Real-time stream of trades from your watched wallets
See new positions opened, positions modified, and positions closed as they happen
Filter by wallet, asset, or trade type
Chronological view makes it easy to spot convergence — multiple wallets taking the same trade

Alerts:

Configure notifications for specific wallet events
Alert triggers include: new position opened, position size increased by X%, position closed, PnL threshold crossed
Alerts keep you informed even when you are not actively watching the platform

Copy Trading

Copy trading is the action layer of HyperX — it allows you to automatically replicate the trades of wallets you have analyzed and trust.

Setting Up Copy Trading:

Navigate to the trader you want to copy
Click the copy trading button
Configure your parameters:
- Allocation — How much capital to dedicate to copying this trader
- Position ratio — Copy at full size or a percentage (e.g., 50% means your positions are half the size of the trader's, proportionally)
- Max leverage — Cap the maximum leverage regardless of what the trader uses
- Asset filters — Only copy trades on specific assets if desired
- Risk limits — Set daily loss limits and maximum drawdown thresholds
Confirm and activate

Managing Active Copies:

View all active copy trading relationships in one dashboard
See real-time PnL per copied trader
Pause, resume, or stop any copy relationship at any time
Adjust parameters without stopping — changes take effect on the next trade
Performance attribution shows exactly how much each copied trader has contributed to your results

Best Practices:

Start with a small allocation until you are confident in the trader's consistency
Set a max leverage of 10x or less, even if the trader uses higher — this protects your capital
Copy 3-5 traders with different styles to diversify your risk
Review copy trading performance weekly and rotate underperformers

Market Analysis

HyperX Market Analysis — open interest, leverage, and position data for BTC

HyperX provides market-wide intelligence that complements the wallet-level analytics.

Market Overview:

Dashboard showing all Hyperliquid markets with price, 24h change, volume, and open interest
Sortable by any metric to quickly identify the most active or volatile markets
At-a-glance view of market-wide funding rates to spot crowded positioning

Liquidation Data:

Real-time feed of liquidation events across all markets
Historical liquidation volume charts showing long vs. short liquidations over time
Liquidation cluster analysis identifying price levels with concentrated liquidation risk
Useful for timing entries after liquidation flushes and avoiding cascading liquidation zones

Open Interest Analysis:

Track changes in open interest over time for any asset
Rising open interest with rising prices suggests new money entering long — trend continuation signal
Rising open interest with falling prices suggests new money entering short — bearish signal
Declining open interest indicates position closure — trend exhaustion signal

Funding Rates:

Real-time and historical funding rates for all markets
Extremely positive funding rates indicate crowded long positioning — potential reversal risk
Extremely negative funding rates indicate crowded short positioning — potential squeeze risk
Funding rate trends help identify when positioning becomes extreme enough to act as a contrarian signal

Trading

HyperX integrates trading capabilities directly into the analytics platform, allowing you to act on insights without switching to a separate interface.

Execute trades directly from the analysis pages
Place market orders, limit orders, and stop orders
Manage all positions from a unified portfolio view
Real-time PnL tracking for all open positions

Pricing Tiers

Free Tier

The free tier provides access to core platform features:

Wallet discovery and leaderboard browsing
Basic trader analytics (PnL, win rate, trade count)
Limited copy trading (restricted number of simultaneous copies)
Market overview and basic liquidation data
Watchlist with limited slots

Pro Tier

The Pro tier unlocks the full power of HyperX:

Deep trader analysis with full PnL curves, drawdown analysis, and style classification
Unlimited copy trading with advanced configuration options
Full market analysis suite including historical liquidation data and open interest analytics
Unlimited watchlist slots and advanced alert configuration
Priority copy trading execution
API access for custom integrations

Tips for Power Users

Keyboard Navigation

HyperX supports keyboard shortcuts for faster navigation. Use tab to move between elements, enter to drill into wallets, and escape to go back. The interface is designed for speed — experienced users can navigate the entire platform without touching the mouse.

Custom Filters

Save frequently used filter combinations in wallet discovery. If you regularly search for scalpers with 60%+ win rate and 50+ trades in the last 30 days, save this filter set for one-click access.

Multi-Tab Workflow

Open multiple trader analysis pages in separate tabs to compare wallets side-by-side. This is especially useful during the discovery phase when you are evaluating several candidates for your watchlist or copy trading setup.

Cross-Reference with Market Data

Before adding a wallet to your copy list, check the market analysis section to understand current market conditions. A trader who has been profitable during a strong uptrend may perform differently in a ranging or bearish market. Use open interest and funding rate data to contextualize a trader's recent performance.

Regular Portfolio Review

Set a weekly routine to review your copy trading performance. Ask yourself: Which traders are contributing positively? Are any consistently underperforming? Has any trader's style changed? Are there new high-performing wallets on the leaderboard worth adding? This regular review ensures your copy trading portfolio stays optimized.

Community and Resources

Documentation

HyperX maintains comprehensive documentation covering all platform features, API reference, and trading guides. The documentation is available at the HyperX docs site and is regularly updated as new features are released.

Social Channels

Stay updated with platform announcements, feature releases, and community discussions:

Twitter/X — Follow @hyperx_trade for platform updates and market commentary
Telegram — Join the HyperX Telegram group for community discussions and support
Discord — The HyperX Discord server hosts active discussions, feature requests, and direct support from the team

Feature Requests

HyperX actively listens to user feedback. If you have ideas for new features or improvements, share them through the community channels. Many of the platform's most popular features originated from user suggestions.

Frequently Asked Questions

Is HyperX free to use? Yes, HyperX offers a free tier with access to core features including wallet discovery, basic analytics, and limited copy trading. The Pro tier unlocks additional features and higher limits for serious traders.

Does HyperX have custody of my funds? No. HyperX is fully non-custodial. Your funds remain in your Hyperliquid account at all times. For copy trading, you grant limited trading permissions through Hyperliquid's native authorization system, but withdrawal permissions are never requested.

Which exchanges does HyperX support? HyperX is built exclusively for Hyperliquid. This focused approach allows for deeper integration and more comprehensive analytics than multi-exchange platforms can provide.

Can I use HyperX on mobile? Yes. HyperX is a responsive web application that works on all modern mobile browsers. The interface adapts to smaller screens while maintaining access to all core features. For the best experience with data-heavy features like deep trader analysis, a desktop or tablet screen is recommended.

How do I report a bug or get support? Reach out through the HyperX Telegram group or Discord server. The team is active and responsive, and most issues are addressed within 24 hours. For critical issues related to copy trading or account access, use the direct support channels available in the platform.