How to Check a Hyperliquid Wallet's PnL and Win Rate

What data does Hyperliquid expose publicly?

Every trade, fill, funding payment and portfolio snapshot on Hyperliquid is publicly accessible through the official API. That means you can view any wallet's complete trading history — your own or another trader's — without permissions or sign-ups.

The data includes: realized and unrealized PnL, open positions, FIFO-matched trade history, per-asset win rate, funding payments, drawdown metrics, session heatmaps and more.

Step-by-step: checking PnL, win rate and drawdown

1. Copy the wallet address. It starts with 0x and is 42 characters long. Use your own or any address from the Hyperliquid Leaderboard or Whale Tracker.
2. Open LabelYX and paste the address into the search box, then click Analyze.
3. Read the dashboard. The overview shows account value, today's PnL, overall win rate, total fees and a real-time equity curve.
4. Go to Performance for per-asset breakdown: win rate per coin, long vs short PnL, Sharpe ratio, Sortino ratio and Profit Factor.
5. Go to Drawdown for maximum drawdown (dollar and percent), current drawdown, peak/trough values and the longest losing streak.

Understanding the key metrics

Realized vs unrealized PnL

Realized PnL is profit or loss from positions already closed. Unrealized PnL is the mark-to-market value of currently open positions — it fluctuates with the live price and is not locked in until the position closes. LabelYX shows both on the dashboard overview.

Win rate

Win rate is the percentage of closed trades that ended in profit. A 55% win rate means more than half of closed trades were profitable. LabelYX shows an overall win rate on the dashboard and a per-asset breakdown on the Performance page — so you can see which coins you trade well and which drain your account.

Drawdown

Maximum drawdown measures the largest peak-to-trough decline in account value. A 30% max drawdown means the account fell 30% from its peak before recovering. It's one of the most important risk metrics for evaluating a trader's consistency over time.

Checking multiple wallets

Use the Watchlist feature inside any wallet dashboard to save and switch between multiple addresses. There is no limit on how many wallets you can track.