We kicked our most active traders. Profit went up.
Seven wallets did 100–1,300 fills per day. On our size, each fill hits the $5 minimum order and pays taker fees. Net effect for the copier: −$87 with $24 in fees, while the masters themselves were positive. Speed is not copyable.
Gate we added: median fill size ≥ 0.2 % of the master's capital, and ≤ 50 % of episodes shorter than one hour.
If you copy by API like we do, or just want these entries and exits as they happen, we keep a small group on Binance: https://app.binance.com/uni-qr/DpuA7yYD
The biggest hole in copy-trading is not the entry. It is the add.
We measured 29 million master events over 400 days. Copying every add lost −28 %/year. Copying adds when the master was already −20 % lost −99.9 %. Adds in profit had a positive median, but the edge did not survive on both halves of the sample.
Rule we kept: copy adds only in legs we already hold, never join a master's existing losing position.
For anyone copying via API, trading their own account or on Binance Copy Trading, the same trades go to our group: https://app.binance.com/uni-qr/DpuA7yYD
Our closed legs: 71 winners vs 92 losers. Average win +$34, average loss −$11. The curve is carried by payoff, not accuracy. Most copy-trading marketing sells 'win rate'. The number that matters is average win / average loss. Ours is 3.2:1.
Question: would you follow a trader with 44 % accuracy?
Stop-loss on the copy, or trust the master's exit?
Our numbers are in the daily snapshot. #copytrading #hyperliquid
For anyone copying via API, trading their own account or on Binance Copy Trading, the same trades go to our group: https://app.binance.com/uni-qr/DpuA7yYD
The book is checked against the exchange every 30 minutes.
Journal vs Binance positions, journal vs each master's current positions on Hyperliquid, journal vs the dashboard. Any mismatch goes red in Telegram. Today's only red was a race condition in the checker itself, fixed the same hour. If you cannot reconcile, you cannot copy.
Question: when did you last compare your log to the exchange?
If you copy by API like we do, or just want these entries and exits as they happen, we keep a small group on Binance: https://app.binance.com/uni-qr/DpuA7yYD
Every skipped trade has a written reason. That is the product.
Our journal logs not only fills but every skip: 'position opened before we subscribed', 'below minimum', 'coin cap reached', 'no pair on Binance'. Over 15 days: 13,295 fills seen, 4,190 executed, 9,105 reasons written. Transparency is cheaper than trust.
Question: does your copy tool tell you what it skipped?
Would you copy a trader with 44 % accuracy and a 3:1 payoff?
Our numbers are in the daily snapshot. #copytrading #hyperliquid
If you copy by API like we do, or just want these entries and exits as they happen, we keep a small group on Binance: https://app.binance.com/uni-qr/DpuA7yYD
Two experiments, September 6 and 17: predict the move from headlines before seeing price. Both times accuracy was indistinguishable from chance. We do not post news calls; we post positions with the data behind them.
We profiled 124 of the largest Hyperliquid wallets and mapped 42 transfer families. Most are market makers, vaults or hedged books. Their fills look like trades and are not. Size is not a signal; behaviour is.
Question: do you follow the biggest or the most consistent?
Same pool, same year: without multiplier +168 % and −12 % drawdown; with ×3, +1,562 % and −47 %. Hindsight-selected pool, so read ratios, not absolutes. Leverage scales both tails. We run ×3 on a $5,000 real account knowing the second number.
Year-long stand, ×3 size: three big drawdowns. In each, 49–84 % of the loss came from several masters holding the same coin at once — BTC, ETH, AAVE, ZEC. The fix was not fewer masters but a cap per coin across all of them: 30 % of the account.
Question: how many of your positions are secretly the same bet?
For anyone copying via API, trading their own account or on Binance Copy Trading, the same trades go to our group: https://app.binance.com/uni-qr/DpuA7yYD
Hyperliquid allows 15 unique wallets per IP on live subscriptions — and counts it per node behind the load balancer. Two connections give 30 only if they land on different nodes. We now re-connect until they do, and run a second relay from another IP. Infrastructure is part of the strategy.
Question: how many wallets does your tool really track?
Hyperliquid keeps stock, oil and metal positions on a separate sub-exchange. Our position check only looked at the main one, saw 'flat' and closed our oil legs twice while the master still held them. Fixed the same night: now every check reads all sub-exchanges. Real money finds bugs paper never does.
Question: what did your first real week teach you?
If you copy by API like we do, or just want these entries and exits as they happen, we keep a small group on Binance: https://app.binance.com/uni-qr/DpuA7yYD
Two seconds of delay cost nothing. Thin pairs cost everything.
We measured our fill delay after the master: 1.9–2.8 seconds. Simulated cost of one extra second inside 2–5 seconds: near zero. Where the money leaks: pairs with thin books where the market order walks the book. Speed is not the edge; liquidity filters are.
Question: do you check the book before copying a coin?
For anyone copying via API, trading their own account or on Binance Copy Trading, the same trades go to our group: https://app.binance.com/uni-qr/DpuA7yYD
Below $150 per trader the exchange minimum eats half the signals.
Binance requires about $5 per order. At $5,000 split over 28 traders with a 3× multiplier, our share is $535 of exposure per trader. Drop the share below $150 and half of the masters' orders fall under the minimum and get skipped. Diversification is limited by deposit, not by wish.
Question: how small is too small for your copy account?
Stop-loss on the copy, or trust the master's exit?
Our numbers are in the daily snapshot. #copytrading #hyperliquid
For anyone copying via API, trading their own account or on Binance Copy Trading, the same trades go to our group: https://app.binance.com/uni-qr/DpuA7yYD