# Hyperliquid PnL Sharing & Leaderboard Guide: Share Trades and Follow Top Traders

> How to share your Hyperliquid PnL card, read the public leaderboard, follow top traders via vaults, and what leaderboard rankings reveal about trading strategies.

*Source: https://hyperliquidguide.com/guides/trading/pnl-sharing-leaderboard*

**How do you share PnL on Hyperliquid?** Open your position on **[app.hyperliquid.xyz](https://app.hyperliquid.xyz/join/Concept211)**, click the position row in the Positions panel, and hit the **Share P&L** button. A branded card renders with your ROI, entry, and mark price — customize the timeframe, anonymize if desired, then download the image or post directly to Twitter/X.

This guide walks through Hyperliquid's public leaderboard, how to share your own trades as a clean card, how to follow top traders via vaults, and what the leaderboard actually reveals about winning (and losing) strategies on-chain.

> **Key takeaway:** **Quick Summary.** Hyperliquid is a fully transparent on-chain exchange, which means every wallet's PnL, ROI, account value, and trade history is publicly queryable. The **leaderboard** ranks wallets by PnL across daily, weekly, monthly, and all-time windows. To **share your own PnL**, click a position, hit **Share P&L**, pick a timeframe, optionally hide your wallet address and size, and post the generated card. To **follow top traders**, either study their wallets directly on the leaderboard, allocate USDC to a **public vault** run by a proven operator, or use third-party copy-trading tools that mirror leaderboard wallets. Leaderboard patterns tend to reward **consistency** — steady compounding beats one moonshot, and survivors size positions small relative to account value.

## What the Hyperliquid Leaderboard Is

The Hyperliquid leaderboard is a public scoreboard of every account on the exchange, sortable by trading performance. Because Hyperliquid settles on its own L1 and every trade is on-chain, the leaderboard isn't a curated list — it's a live query against the entire order book.

**How to find it:** from the top nav on [app.hyperliquid.xyz](https://app.hyperliquid.xyz/join/Concept211), open the **Leaderboard** tab. You'll see a paginated table with filters for timeframe (1D / 7D / 30D / All time) and account value floor (to filter out micro-accounts that distort ROI rankings).

**The core columns:**

- **Account** — the wallet address (or display name if the trader set one). Click through to see the full position history, open trades, and historical PnL chart.
- **PnL** — total dollar profit or loss over the selected timeframe. Combines realized and unrealized PnL.
- **ROI** — PnL as a percentage of starting account value. A small account up 500% can outrank a large account up $2M in absolute dollars — filter by account value to compare apples to apples.
- **Volume** — total notional traded. High volume with modest PnL often signals a scalper or market maker; low volume with high PnL signals a directional swing trader.
- **Account Value** — current USDC equity including open position PnL. Useful for spotting whales and surviving strategists.

## How to Read Leaderboard Rankings

Rankings alone don't tell you whether a trader is worth studying. A few signals matter more than raw PnL:

1. **Timeframe consistency.** A wallet that ranks top-50 on both the 7-day and all-time boards has stayed alive through multiple regime changes. A wallet only topping 1-day is likely on a hot streak that will revert.
2. **ROI vs. account size.** A 2000% ROI on a $500 account is noise — one lucky 20x trade. A 50% ROI on a $2M account over 30 days is a professional.
3. **Volume-to-PnL ratio.** PnL / volume tells you edge per dollar traded. Above 1% is excellent; below 0.1% suggests the trader is paying more in **[fees](/guides/fees/fees-explained)** than they're earning in alpha.
4. **Drawdown.** Click into a wallet and look at its equity curve. Smooth curves beat jagged ones — a trader who's been up 80% and drawn down to 20% three times isn't really "up 80%."

> **Tip:** Hyperliquid doesn't verify trader identities. A wallet on the leaderboard could be a prop firm, a bot, an insider, or a lucky gambler. Treat the leaderboard as data, not endorsement.

**Trade on the transparent exchange** — Every trade on Hyperliquid is public and verifiable. Open an account with a 4% lifetime fee discount via our referral. [Start Trading on Hyperliquid](https://app.hyperliquid.xyz/join/Concept211)

## How to Share Your Own P&L

Hyperliquid's native **Share P&L** card is the cleanest way to post a trade to social. It auto-fills your entry, exit or mark price, ROI, and a branded background — no screenshot editing needed.

**Tips for clean cards:**

- Share **closed** winners rather than open ones — unrealized PnL can evaporate before anyone sees the tweet.
- Anonymize size if your position is small (or embarrassingly large). ROI percent tells the same story without the dox.
- Pair the card with the mark price chart screenshot and your thesis — context builds credibility faster than the ROI number alone.

## How to Follow Top Traders via Vaults

Hyperliquid doesn't offer one-click copy trading like some centralized venues, but **vaults** solve the same problem with better risk controls. A vault is a public strategy wallet where depositors share proportionally in the vault leader's PnL, minus a profit share for the operator.

To follow a top trader:

1. Check if they run a public vault (many top-100 leaderboard accounts do). Their profile page links to it.
2. Open the **Vaults** tab in the Hyperliquid nav. Filter by APR, TVL, drawdown, and age.
3. Deposit USDC. Your share of the vault grows or shrinks with the leader's PnL.
4. Withdraw any time (subject to the vault's lockup, typically 1 day).

For wallets that don't run vaults, third-party tools like **Copin** index the Hyperliquid leaderboard and let you mirror trades to your own wallet via keeper bots. See our **[copy trading guide](/guides/trading/copy-trading-guide)** for a full walkthrough of vault economics and copy-bot setup.

> **Note:** Vaults are not regulated funds. The operator can change strategy, take on more **[leverage](/guides/trading/leverage-guide)**, or be **[liquidated](/guides/trading/liquidation-explained)** like any other trader. Size deposits like you'd size a position — never all-in.

## What the Leaderboard Reveals About Strategies

After studying the top 500 wallets over months, a few patterns emerge. None of this is financial advice — just what the data tends to show.

**Survivors size small.** Consistent top-100 wallets rarely run more than 10x effective leverage on any single position. The leaderboard is littered with one-week wonders who hit 50x and then vanished after a single liquidation.

**Consistency compounds faster than moonshots.** A wallet earning 2% per week compounds to roughly 180% annualized — enough to dominate the all-time board. The wallets trying to 10x in a week usually zero out before they get there.

**Market rotation matters.** Top wallets tend to concentrate in whatever market has the cleanest trend that week — BTC during directional months, HYPE during narrative spikes, commodities during macro shocks. They don't hold a static basket.

**Funding harvest is underrated.** Several top-100 wallets appear to run delta-neutral funding-rate strategies, earning the spread between perp and spot funding with minimal directional exposure. Lower ROI than pure directional, but dramatically smoother equity curves.

**Drawdown discipline separates pros from gamblers.** Professional wallets cut losers quickly — you'll see their equity curves dip 5-10% and recover, rarely more. Blow-up wallets ride a position from +200% to -100% because they couldn't take the loss.

**Put strategy to work** — Join Hyperliquid and track your own performance on the public leaderboard. Lock in a 4% lifetime fee discount with our referral link. [Open an Account](https://app.hyperliquid.xyz/join/Concept211)

The leaderboard is the closest thing crypto has to a real-time trading lab — every strategy, every size, every liquidation, publicly logged. Study it like you'd study a chess database: patterns first, heroes second.