Gross
$197.37M
Effective sample
3.0 entities
Breadth
concentrated
Observed: $506K long / $196.87M shortUnclassified remainder: $34.48MSet aside with evidence: $162.89M; $162.89M is visibly offset by spot on Hyperliquid
Current position PnL: -$18.38MIn profit: 9/11Funding since open (11/11): $13.43M receivedCurrent hourly funding: +0.0013%, shorts receive · 100% of observed gross is on the paid side24h funding history: Shorts received in 24/25 samples · +0.0011%/h average7d funding history: Shorts received in 148/168 samples · +0.0010%/h averageNearest visible liquidation (10/11): 29% away
Inspect 11 contributing public walletsExpandCollapse
Current default-perp positions from the same complete cohort snapshot. Leaderboard PnL is wallet-level; position PnL is unrealized. Funding since open is the official cumulative position balance. Position ages differ, so it is not annualized or proof of a hedge.
Abraxas Capital
0xb83d…6e36shortDiversified book87% on-account spot offset
Entity evidence lens · Capital lens · 30D profit lens
Official spot balance offsets $54M of this short on the same Hyperliquid account. The rest remains directional.
Position
$62.08M
Current PnL
-$10.68M
Funding since open
$4.99M received
30D PnL
+$11.54M
All-time PnL
+$106.74M
Visible liq.
211% away
short100% on-account spot offset
Capital lens
Official spot balance offsets $54.58M of this short on the same Hyperliquid account. The rest remains directional.
Position
$54.58M
Current PnL
+$232K
Funding since open
$452K received
30D PnL
+$574K
All-time PnL
+$11.39M
Visible liq.
29% away
Abraxas Capital
0x5b5d…c060shortDiversified book84% on-account spot offset
Entity evidence lens · Capital lens
Official spot balance offsets $43.86M of this short on the same Hyperliquid account. The rest remains directional.
Position
$52.28M
Current PnL
-$8.73M
Funding since open
$7.79M received
30D PnL
-$177K
All-time PnL
+$142.28M
Visible liq.
277% away
short62% on-account spot offset
30D profit lens
Official spot balance offsets $4.21M of this short on the same Hyperliquid account. The rest remains directional.
Position
$6.74M
Current PnL
+$266K
Funding since open
$126K received
30D PnL
+$6.56M
All-time PnL
+$27.27M
Visible liq.
87% away
Position
$6.44M
Current PnL
+$50K
Funding since open
$2K received
30D PnL
+$1.05M
All-time PnL
+$24.34M
Visible liq.
549% away
shortDiversified book29% on-account spot offset
Capital lens · 30D activity lens
Official spot balance offsets $1.68M of this short on the same Hyperliquid account. The rest remains directional.
Position
$5.82M
Current PnL
+$148K
Funding since open
$66K received
30D PnL
-$3.79M
All-time PnL
+$205.43M
Visible liq.
830% away
Position
$4.07M
Current PnL
+$39K
Funding since open
$687 received
30D PnL
-$3.62M
All-time PnL
+$136.32M
Visible liq.
632% away
shortDiversified book100% on-account spot offset
Capital lens
Official spot balance offsets $4.02M of this short on the same Hyperliquid account. The rest remains directional.
Position
$4.02M
Current PnL
+$53K
Funding since open
$38K received
30D PnL
-$120K
All-time PnL
+$77.49M
Visible liq.
478% away
shortDiversified book100% on-account spot offset
30D activity lens
Official spot balance offsets $532K of this short on the same Hyperliquid account. The rest remains directional.
Position
$532K
Current PnL
+$5K
Funding since open
$187 received
30D PnL
-$4.96M
All-time PnL
+$52.35M
Visible liq.
1414% away
Position
$506K
Current PnL
+$217K
Funding since open
$53K paid
30D PnL
+$2.59M
All-time PnL
+$4.22M
Visible liq.
Unavailable
Position
$307K
Current PnL
+$17K
Funding since open
$18K received
30D PnL
-$4.63M
All-time PnL
+$3.92M
Visible liq.
2802% away
Why $162.89M is excluded from the directional labelEvidenceCollapse
Same-account spot offset
Official Hyperliquid state
$162.89M across 6 entities are backed by a positive spot balance for the same asset in the same public Hyperliquid account. Only the covered part of each short is removed from the directional remainder.
- Abraxas Capital: $54M of $62.08M short offset, 87.0% coverage.
- 0xf02d…54c6: $54.58M of $54.58M short offset, 100.0% coverage.
- Abraxas Capital: $43.86M of $52.28M short offset, 83.9% coverage.
- 0x469e…58a5: $4.21M of $6.74M short offset, 62.5% coverage.
- 0xecb6…2b00: $1.68M of $5.82M short offset, 29.0% coverage.
- 0x8af7…fa05: $4.02M of $4.02M short offset, 100.0% coverage.
- Auros: $532K of $532K short offset, 100.0% coverage.
This proves only a same-account spot balance at snapshot time. It does not reveal beneficial ownership, options, OTC exposure, balances on other venues, or the wallet's intended strategy.
Direction withheld: 7 unclassified entities, 3.0 effective after entity and portfolio normalization, and the largest normalized entity contributor is 54%.
7/11 wallets have diversified books; this position may be part of a hedge.