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Winwin
Blikelywin or nothing
One thing worth a look
Patterns in this vault’s record that have more than one explanation. None of them lowers its grade and none of them is a finding of wrongdoing — a ledger cannot separate the readings below, and neither can we.
- The operator holds 94% of this vault themselves.
- Equally consistent with: A manager with their own money at risk, which is usually a good sign. It does mean the return is a personal account’s, not a record of managing anyone else’s.
Measured over the last 30 days, as of 2026-08-24 17:53Z. A pattern that stops is cleared rather than left standing.
Taking money
Open
TVL
$219.4k
Return
—
over observed history
Recent
—
30d · 90d
Max drawdown
—
peak to trough
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.
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 contract0xa7f152a5…7c8e
Network
Hyperliquid
PlatformHyperliquid
OperatorWinwin0x49c5bc60…812e
Deposit assetUSDC
Created on-chain2024-08-05
First observed by us2026-08-11
Statuslive
What is deciding
Where the return came from
Costs consumed 4% of gross profitGross realised$109.7k
Trading fees−$3.8k
Funding paid−$79.74
Net realised$105.9k
Unrealised$1.2k
Total$107.0k
That is 48.79% on the capital the strategy currently runs.
- Slippage is not separated: without a book snapshot at fill time it cannot be measured, so it remains inside gross rather than being estimated.
- Funding is differenced across position snapshots, so it is a flow over the window rather than a level: it counts what changed hands while we were watching and nothing before that. Intervals where a position closed and reopened are refused rather than guessed, which makes the figure a floor.
Computed from 2,626 recorded fills and the funding on currently open positions. It covers the window we have observed, not the vault’s whole life.
How well it executes
from 2,626 fills over 48 daysTaker share 61% by value
Fee rate 3.2bps
Daily turnover $247.4k
Annual fee drag 13.2%
How this vault behaves
from 2,626 fills over 48 daysTiming indicates rules automated management, confidence 100%.
- · Activity spread evenly across all 24 hours (evenness 0.903).
- · 54.7 fills per day — beyond sustained manual trading.
Overnight activity 28%
Hour-of-day evenness 90%
Cadence regularity 0%
Clock alignment 31%
Fills per day 54.7
Instruments 4
Timing only. This says nothing about whether the strategy is any good — a losing bot is still a bot.
Current exposure
1 positions · $161.7k gross · 0.7x the vault's capital| Instrument | Side | Notional | Share | Entry | Unrealised | Leverage |
|---|---|---|---|---|---|---|
| HYPE | long | $161.7k | 100% | 80.271 | $1.2k | 10x |
Snapshot taken 2026-08-24 13:25 UTC. A strategy that flips intraday can look flat at every snapshot and still carry risk in between. Click an instrument to see every other vault holding it.
How the capacity estimate was reached
- Impact is inferred from this strategy’s own realised cost, not measured against a book.
- A 10% participation ceiling is applied where venue volume is known.
- Trade size is converted to capital using the strategy’s own capital-to-trade-size ratio.
- Capacity is capped at 50× the largest trade actually observed — beyond that we are extrapolating.
- Capped at 50x current capital; beyond that the estimate is unfalsifiable.
- At least one instrument hit the observed-size cap, so the total is a floor rather than an estimate.
| Instrument | Edge | Taker | Median trade | Limit |
|---|---|---|---|---|
| BTC | 94.9bps | 43% | $2.8k | Edge 94.9bps against 4.8bps of realised cost. |
| HYPE | 82.1bps | 76% | $1.1k | Edge 82.1bps against 7.3bps of realised cost. |
| ZEC | 76.8bps | 75% | $603.00 | Edge 76.8bps against 6.9bps of realised cost. |
Who is in it
as at 2026-08-24 19:45Largest wallet
93.5%
Top five
99.9%
Concentration
0.876
Wallets seen
25
venue caps its list — a floor
| # | Wallet | Deposited | Share | All-time P&L | In for |
|---|---|---|---|---|---|
| 1 | Leader | $205.0k | 93.5% | -$78.8k | 749d |
| 2 | 0xa827aae7…748b | $8.2k | 3.7% | $804.62 |
Money in and out
Ledger read 3 hours agoIn
$202.9k
60 deposits
Out
$0.00
0 withdrawals
Net
$202.9k
92.5% of TVL
Window
121d
last 60 movements
| When | Type | Amount | Of vault | Transaction |
|---|---|---|---|---|
| 2026-08-24 05:23 | deposit | $70.96 | 0.03% | 0x7f2b204f…b1ab |
| 2026-08-24 03:21 | deposit | $66.70 |
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.