Analysis
Leaderboards are ranked on the metric that is easiest to compute and worst to act on. Understanding that bias is the difference between using a leaderboard as a candidate list and using it as a buy signal.
In short
Most Hyperliquid leaderboards rank by raw PnL over a short window, which favours large leveraged positions that happened to work. Useful evaluation replaces that with profit factor, realized PnL consistency, drawdown, position sizing behaviour and account survival across regimes.
Over seven days, the highest PnL is usually produced by the largest risk that did not fail. Survivorship makes it worse: the accounts that took the same risk and lost simply vanish from the top of the board, so the ranking is a list of winners from a bet you never saw the losers of.
Percentage-return boards have the mirror problem: they favour small accounts where a single trade produces an implausible percentage that cannot be repeated at size.
Every metric below is computable from public Hyperliquid data and each one is harder to fake with a single lucky trade.
A strong record should be legible: entries and exits that make sense together, holding periods consistent with the strategy, and no dependence on a single market or a single week. When a record's profit collapses after removing its best two trades, it was never a strategy.
This is the same test applied before any trader enters the basket, and the reason the published basket rarely matches the top of a public PnL board.
No metric set identifies future performance. Every trader on any leaderboard can lose, and leveraged perpetual positions can be liquidated in a single adverse move.
Past performance is not indicative of future results. Perpetual futures are leveraged instruments and carry a substantial risk of loss, including the loss of your entire position.
Questions
Not on a short-window PnL board. That row is selected for recent risk-taking that worked, which is a poor predictor of the next period.
Because selection uses consistency, profit factor, discipline and survivability with hard floors, rather than headline PnL.
On the leaderboard page, with each leader's score and allocation weight.
Score-weighted allocation across up to 10 elite Hyperliquid traders, each isolated in its own sub-account. Your funds never leave your account.
Non-custodial · Agent cannot withdraw · Cancel delegation anytime
