Hyperliquid Copy Trading

Copy the best traders
nobody's watching.

We analyze 32,000+ Hyperliquid traders, score their performance, detect crowding, and combine 4 signal sources — smart money confluence, funding rates, open interest, and order book microstructure — to filter entries. Automated paper trading with SL/TP, live dashboard, and real-time Telegram alerts.

32K+
Traders Analyzed
914K
Fills Scraped
23
Wallets Tracked
391
Coins Covered

01 — The Problem

Copy trading is broken

Everyone copies the same top 50 traders on the leaderboard. When a top trader opens a position, hundreds of wallets pile in within seconds. The price moves before you enter. Your fill is worse. Your edge is gone.

The public leaderboard is a trap. High PnL doesn't mean copyable. Scalpers trade too fast. Holders too slow. And the best-known wallets have so many copiers that you're effectively front-running yourself.

02 — Our Approach

Find the hidden gems

Instead of copying rank #1, we look at ranks 50 to 10,000. Traders with strong Sharpe ratios, high consistency, low drawdowns — but almost no copiers. We call this the alpha score: a composite of skill minus crowding, weighted by copyability.

▸Skill Score — Win rate, profit factor, Sharpe ratio, max drawdown, consistency (% of winning weeks), trade count
▸Crowding Detection — Cross-reference fills across wallets. If 10 others trade the same coin within 60 seconds, it's crowded
▸Copyability Filter — Average trade duration (sweet spot: 1h–48h), frequency (2–20/week), diversity (3–15 coins)
▸Alpha = Skill × Copyability − Crowding — Only the traders nobody's watching, who are actually good, and who trade at a copyable pace

03 — Multi-Source Signal Engine

4 signals, 1 composite score

We don't copy blindly. Every potential trade is scored by 4 independent signal sources, each normalized to [-1, +1] with a confidence weight. Only when the composite confirms the direction do we enter.

01Smart Money Confluence (35%) — How many tracked traders are long vs short on this coin, weighted by their alpha score. 5+ traders aligned = full confidence.
02Funding Rate (20%) — Contrarian signal. Positive funding = market overleveraged long = bearish. Negative funding = overleveraged short = bullish. We fade the crowd.
03Open Interest Change (15%) — Rising OI + positive funding = longs building. Falling OI = unwind. Direction depends on who's building and who's exiting.
04Order Book Microstructure (30%) — L2 bid/ask imbalance, depth analysis, wall detection, spoofing patterns. If the book disagrees with the signal, we skip.

The strategy engine then applies entry filters (min strength 25, min confidence 30%, min 2 active signals), computes position sizing by conviction level, and sets automatic stop-loss and take-profit levels (default 2:1 R:R).

Built on Hyperliquid's on-chain order book.

Hyperliquid is the only exchange with a fully on-chain CLOB and a public API that exposes the full L2 book, all fills, and all positions for every trader. This makes it the perfect infrastructure for data-driven copy trading. Everything we analyze is public, verifiable, and real-time.

04 — The Pipeline

From data to alpha

Five stages, fully automated, running 24/7.

01
Scrape 32,000+ Hyperliquid Traders
We pull the entire leaderboard and crawl fills, positions, and PnL history for every trader worth analyzing.
02
Score: Win Rate, Sharpe, Drawdown, Consistency
Each wallet gets a composite skill score based on 8 metrics. We weight risk-adjusted returns and consistency over raw PnL.
03
Detect Crowding & Compute Alpha
We cross-reference fills across all wallets. Alpha = Skill x Copyability - Crowding. Only under-followed, high-skill, copyable-pace traders make the cut.
04
Multi-Source Signal Confirmation
Before entering, we combine 4 signal sources: smart money confluence, funding rate, open interest momentum, and L2 order book microstructure. Only enter when the composite agrees.
05
Paper Trade with Auto SL/TP
Every position is paper traded with realistic slippage (2 BPS) and taker fees (3.5 BPS). Automatic stop-loss and take-profit close positions 24/7. Only proven wallets move to live.

05 — What We Found

Hidden gems exist

Out of 600 deeply analyzed traders, we selected 23 wallets to track — alpha scores ranging from 57 to 92, averaging 72. These are traders with proven track records that almost nobody is copying.

▸Thank you jefe — Rank #2,292. Skill score: 100. $1.17M PnL. 78% win rate. 100% consistency. 0 copiers.
▸0x958f... — Rank #856. Sharpe 13.06. $643K PnL. 68% win rate. 1 copier.
▸0xbe2c... — Rank #4,731. $3.8M PnL. 81% win rate. 91% consistency. 2 copiers.
▸23 wallets tracked, 914K+ fills scraped across 391 coins. Average alpha: 72. Paper trading live with automated SL/TP.

06 — Architecture

What runs under the hood

▸scraper.py — Pulls leaderboard + fills + positions for 600+ traders via Hyperliquid REST API
▸scorer.py — Computes 8 performance metrics and a composite skill score for each wallet
▸discovery.py — Expands search to 32K+ traders, detects crowding patterns, computes alpha scores
▸signals.py — Multi-source signal engine: confluence, funding rate, open interest, order book. Weighted composite per coin
▸strategy.py — Rule-based strategy: entry filters, conviction-based sizing, leverage scaling, auto SL/TP (2:1 R:R)
▸orderbook.py — Real-time L2 analysis: imbalance, depth, wall detection, spoofing, entry confirmation
▸paper_trader.py — WebSocket monitoring of 23 wallets, simulated copy trades with 2 BPS slippage + 3.5 BPS taker fees
▸dashboard_api.py — FastAPI backend serving live data: portfolio, traders, signals, candlestick charts, trade heatmaps

07 — Bot + Dashboard

Telegram alerts, live web dashboard

Two interfaces, same data. The Telegram bot delivers real-time alerts to your phone. The web dashboard gives you the full picture — candlestick charts, signal breakdowns, trader analytics, and portfolio tracking.

▸Trade Alerts — Instant Telegram notifications when a tracked wallet opens or closes, with order book context and signal scores
▸Paper Portfolio — Live P&L tracking (realized + unrealized), auto SL/TP execution, position management via inline buttons
▸Web Dashboard — TradingView candlestick charts, signal scanner, trader leaderboard, coin analysis, trade heatmaps
▸Trader Deep Dives — PnL curves, coin distribution, hourly patterns, win/loss streaks, position sizes — for any tracked wallet
Open Telegram BotView Dashboard