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The advertised rate has been moving
Over 14 daily readings it has ranged from 180.23% to 524.28%, averaging 327.28%. The tile below shows today’s quote alone.
14 readings is 14 days, not a year. We began taking them on 2026-09-19 and this window grows with the record rather than standing in for a longer one.
copy-trading
Bcopy trading
Taking money
Closed
not accepting deposits
TVL
$9.2k
Return
-4.5%
over its watched history
The venue advertises
403.5%
the share price implies -87.7% over 19 days, from 331 readings
Recent
—
30d · 90d
Market move behind it
4.5%
45.3% fall at 10.0×
Max drawdown
45.3%
the market did not share this one
Sortino
—
return per unit of downside risk
Volatility
—
annualised, from daily returns
History
19d
331 readings, all taken at the time
Record begins
2026-09-21
began 2026-04-13, so 162 days of it are before anything here
Record rests on
Grade B
The whole record is grade B.
Confidence
5%
in these metrics
Value and drawdown
Range
Hover for values. Upper: vault value, with BTC indexed to the same starting capital. Lower: how far below its own peak it was.
The rate, and the seven things that qualify it
A quoted rate is one input, not a verdict. These are the same seven fields in the same order for every vault, so a high rate and a high rate nobody can withdraw from do not look alike.
- Current quoted rate
- 404%As the venue states it, from Hyperliquid. Passed on rather than adopted, and whether rewards are inside it is the next row.
- Rewards inside that rate
- No reward rate is published, so we cannot say whether the quote includes one.A published rate, not a verified payment. Promotional projections and amounts actually accrued are different things and this is the first.
- Realised return
- -87.7% over 19 daysDerived from the share price we read, over the window stated. Annualisation is secondary: the window is the measurement.
- Fee basis
- Already inside the share priceA return derived from the share price is net of whatever the venue already deducted. Fees charged outside it are not in either number.
- Withdrawable now
- The venue publishes no withdrawable figure, so no amount is claimed either way.A reading of now, not a promise about the day somebody tries. An accruing rate with nothing withdrawable is the case this section exists for.
- History quality
- 331 readingsHow many observations the derived figure rests on. A rate from three readings and one from three hundred are not the same claim.
Profit, and what the value is made of
Value held less cumulative profit is the money people put in. The venue draws the two apart; the gap is the point.Range
Profit and loss since the vault opened, as the venue reports it. It ignores deposits and withdrawals: only trading moves this line.
Value heldNet money put in
Range
Solid: what the vault holds. Dashed: what depositors put in, net of withdrawals. Where the two rise together the growth was deposits, not performance.
No strategy has been declared for this vault
Everything above is reconstructed from public data. A declaration is free, signed from this vault’s own key, and cannot be edited afterwards.Note 28
Passport
Identity
Vault contract
0x1b5227cd…f254
NetworkHyperliquid
Platform
Hyperliquid
Operatorcopy0xe455da62…5b08
Deposit assetUSDC
Nearest liquidation, as the venue reports it
BTC falls 33.4% to 57,728.2, from 86,619 now.
Leverage 10.0× weighted by size, a liquidation starts at the second number, not the first.
The closest liquidation is 33% away at the venue's own reported price. Weighted leverage is 10.0×.
Nearest liquidation
BTC falls 33.4% to 57,728.2, from 86,619 now.
That is the nearest single instrument breaching this account’s maintenance requirement, so it is a ceiling on safety: a market-wide move hits every leg at once and arrives sooner. Computed from the venue’s own margin state at 2026-09-23 06:43 UTC.
Current exposure
1 positions · $29.0k gross · 3.2x the vault's capital| Instrument | Side | Notional | Share | Entry | Unrealised |
|---|
Who is in it
Money in and out
Last read: not recordedAnalyst tier
Detail is hidden, not absentWho is in this vault, and how much of it is one wallet
A vault that is eighty per cent one depositor is a vault whose price can be reset by a single withdrawal, and whose headline TVL says almost nothing about whether anyone else believes in it. Concentration is the risk a return figure never shows, and it moves before the return line does.
See what unlocksAlready a customer? Sign inWhat changed the value
nothing decomposed yetThe section above says money moved. This says what the movement WAS. A vault grows because deposits arrived, or because the trading worked, or because it was paid to hold a position, and a size figure renders all three identically.
Nothing can be decomposed for this vault yet: 1 day is held back because a reader has not covered them.
- 1 day: the funding ledger has never been walked for this vault
- 1 day: this vault’s fills have never been walked
Funding, summed forward
Range
What the vault was paid to hold its positions, less what it paid, a day at a time. A line that falls is a book that pays to stay where it is.
What is still missing
- Operator cohort. We show what the venue still exposes; strategies deleted before we began observing are invisible, and only pre-registration can make a cohort provably complete.
- Gross-to-net waterfall. Returns are venue-reported and not yet decomposed into fees, funding and slippage.
- Off-chain exposure. Anything held on a centralised exchange is invisible to us, so the risk shown is a floor.