Select a Hyperliquid main perpetual or HIP-3 market to rank open positions by absolute dollar notional within a rolling pool of up to 5,000 monitored public addresses. The 500 oldest observations refresh each hour, so a full pool rotation is about 10 hours. Each row retains the public address, direction, size, entry price, unrealized PnL, reported leverage, and liquidation price when available. “Top” means top in this monitored pool—not every protocol account.
Start with an address, then separate positions from executions
Current positions describe visible exposure. Unrealized P&L has not yet been realized by closing, and account-value changes can include deposits. A TWAP schedule is not proof that the entire planned order filled.
If you do not yet have an address, follow the public trader discovery guide, then return here to inspect the account.
Choose a market, then inspect its largest tracked positions
Select BTC, HYPE or a HIP-3 market, sort by position value, then open an address to inspect its other positions. This ranks exposure within the monitored pool, not trading performance.
Find a public address if you do not have one yet.
How to inspect one market
Choose a pair, then separate long and short holders or set a minimum notional. Each result keeps fields that answer different questions:
- Position notional measures current dollar exposure and defines rank.
- Size and entry price describe the contract position, not cash invested.
- Unrealized PnL is current and can reverse with the mark price.
- Leverage is the position’s reported leverage setting when present.
- Liquidation price is the API-reported value when available; a missing value is shown as missing rather than estimated.
The address link opens the base wallet analyzer. HIP-3 exposure can live in a separate DEX namespace, so the linked base-account page should not be read as a complete cross-DEX net-worth view.
Why a complete pair leaderboard is not a single API call
The official clearinghouseState request takes a user address and an optional DEX name. To discover holders for one pair, an indexer must first define an address universe, query each address across relevant namespaces, distinguish zero positions from failed requests, deduplicate results, and store timestamped current positions. New addresses outside that universe remain invisible.
This page uses a persistent leaderboard-derived pool and health-checked scheduled scans. Five hundred oldest observations are selected each hour; failed addresses keep their last good values and are retried before fresher accounts. That improves coverage without pretending the rows were all observed at exactly the same second.
Interpretation limits
A large position can be directional, hedged, market-making inventory, or one leg of a cross-venue strategy. One address can be controlled by multiple people, and one person can control multiple addresses. Historical profitability used to construct a cohort also creates survivorship bias. The table is useful for transparent exposure research, not identity attribution, copy trading, or evidence that a position will be profitable.
Sources and review
Reviewed: · Market Depth Lab Research Desk
- Hyperliquid perpetuals info endpoint — Official user clearinghouse state and optional HIP-3 DEX parameter definitions.
- Hyperliquid API rate limits — Official request constraints relevant to address-universe scans.
Source rules and the page review date are separate from live-data timestamps.
Frequently asked questions
Are these the largest HYPE token holders?
No. This table ranks perpetual contract positions in a monitored public-address pool, not HYPE spot-token ownership or every protocol account. Select HYPE to compare long and short contract exposure.
Can I export and inspect one address?
Use the CSV export for the selected view and open an address for its base wallet analysis. Preserve the observation times and sample coverage; the linked base-account view does not prove complete HIP-3 coverage.