Hyperfolio vs HyperTrader (2026): The Free Hyperliquid PnL Tracker Comparison

The Short Answer

Hyperfolio and HyperTrader are both free tools that let you look up any Hyperliquid wallet, but they are not equally accurate. HyperTrader (hypertrader.info) is a clean dashboard with a daily and weekly PnL calendar, yet it warns that Hyperliquid's API only gives it access to the most recent ~10,000 trades, so older fills silently disappear from its numbers. Hyperfolio paginates the same public API to reconstruct your full trade history and calculates net PnL after fees and funding, per wallet and per venue, with push alerts and a Smart Money Radar included. You can check any wallet or your own address right now at app.hyperfolio.fun without creating an account.

Why This Comparison Exists

You trade on Hyperliquid because it is fast, cheap and fully on-chain. But the official app shows you an equity number, not a profit-and-loss statement. It does not tell you how much of your PnL was eaten by taker fees, how much funding you paid every hour, or whether you are actually beating the market after costs. That is why a whole category of "Hyperliquid PnL trackers" appeared in 2026 — and why choosing the right one matters more than it looks.

This guide compares Hyperfolio with HyperTrader, one of the newest free dashboards in the space, using the tools' own published claims and the limits they disclose. No fluff, no affiliate talk: just what each one really shows you about your money.

What Is HyperTrader?

HyperTrader is a free web dashboard that positions itself as a "Hyperliquid PnL Tracker & Trading Analytics" tool. You paste any Hyperliquid wallet address or ENS name and it returns the trader's history with a daily and weekly P&L calendar, a breakdown of best-performing assets and real-time data. It also has a separate sentiment section. The interface is lightweight and fast, and the core lookup requires no account.

One detail on the site is easy to miss but decisive: "Hyperliquid's API limits access to the most recent ~10,000 trades." HyperTrader is honest about this limitation — but the limitation is still there. For an active wallet, 10,000 fills is not a career; it is a few months.

What Is Hyperfolio?

Hyperfolio is a free portfolio tracker built specifically for Hyperliquid traders. Paste any address or connect your own wallet — no registration, no API keys, read-only. Instead of stopping at the last 10,000 fills, Hyperfolio walks the public API page by page to reconstruct the complete trade history of the wallet, then breaks down PnL the way a trader actually thinks:

• Realized and unrealized PnL per position and per wallet.
• Fees paid (maker and taker) and funding paid or received, separated from your trading result.
• Per-venue tracking across Hyperliquid, AsterDEX, Lighter and Robinhood Chain in one portfolio view.
• Spot and perps, including the spot market launched on Hyperliquid in July 2026.
• Smart Money Radar with the top PnL wallets of the last 30 days.
• Push alerts for fills, liquidations and whale moves — no Telegram required.

Hyperfolio vs HyperTrader: Side-by-Side Table

Feature	Hyperfolio	HyperTrader
Price	Free	Free
Registration to look up a wallet	Not required	Not required
Wallet lookup	Any Hyperliquid address	Any address or ENS name
Historical depth	Full history (paged API)	~10,000 most recent trades (stated API limit)
Net PnL after fees and funding	Yes, per position and wallet	PnL calendar; no net-of-costs breakdown shown
Fees and funding split	Yes, itemized	Not shown
Spot + perpetuals coverage	Both	Both (dashboard)
Multi-venue portfolio	HL + AsterDEX + Lighter + Robinhood Chain	Hyperliquid only
Push alerts (no Telegram)	Yes: fills, liquidations, whales	Not offered
Smart Money Radar (top 30d PnL)	Yes	Sentiment section

Takeaway: both tools are free and instant, but they answer different questions. HyperTrader is a quick look-up. Hyperfolio is a full accounting of your trading.

The 10,000-Trade Problem Nobody Mentions

Perpetual trading generates fills at a brutal pace. A scalper taking 50 fills per day hits 10,000 trades in about seven months; a moderately active trader doing 10 per day hits the wall in under three years. After that point, any tracker that relies on the recent-trades window starts computing your PnL from an incomplete file. Your best month disappears, your worst month disappears, and the dashboard quietly tells you a story that is not yours.

This is exactly where a PnL tracker stops being a convenience and starts being a risk. If you use your tracker to review strategy, size decisions or taxes, a truncated history produces wrong conclusions. Hyperfolio solves it by paginating the public API until the account is fully reconstructed, so an address that started trading in 2024 shows 2024 — not just the last few months.

Fees and Funding: The PnL Most Trackers Miss

Hyperliquid's base fee schedule is 0.045% taker and 0.015% maker on perpetuals (with volume tiers and HYPE staking discounts), funding is settled hourly, and withdrawals cost a flat 1 USDC with zero gas on L1. Those percentages look small until you compound them.

Take a simple example at base tier: open a $50,000 position as a taker and close it as a taker. That is 0.045% on entry plus 0.045% on exit — about $45 in pure fees for one round trip. Add a few hours of funding at, say, 0.01% per hour and another ~$5 to $15 disappears depending on direction and size. A dashboard that shows gross price PnL will call that trade a win while your account says otherwise.

Hyperfolio nets all of it: realized PnL, fees paid, funding paid or received, displayed separately so you can see exactly where the money went. No other free tracker in this comparison publishes that level of detail on the public dashboard.

Where HyperTrader Wins

Honesty builds trust, and HyperTrader genuinely deserves credit in three areas:

• ENS support: typing a name instead of a 42-character address is a small but real quality-of-life win.
• Clean calendar UI: the daily and weekly P&L calendar is a nice way to visualise rhythm at a glance.
• Speed and simplicity: for a quick "who is this wallet and are they green this week" check, it does the job in seconds.

If you only need a superficial look at a wallet's recent activity, HyperTrader is a fine tool and it is free. The problem is when "recent activity" is quietly the only activity the tool can see.

Where Hyperfolio Wins

Hyperfolio is built for the three moments where traders actually lose money to bad information:

• Reviewing yourself: full-history net PnL with fees and funding tells you if your edge is real after costs, not just in price terms.
• Researching others: before following a trader or copying a strategy, check their 30-day Smart Money performance and full track record — not a truncated window.
• Staying on top: push alerts for fills, liquidations and whale movements arrive without Telegram, and multi-venue support (Hyperliquid + AsterDEX + Lighter + Robinhood Chain) keeps your whole perp portfolio in one place.

For a closer look at how Hyperfolio stacks up against the other free tracker in this niche, read our Hyperfolio vs HyperTracker comparison, and for the full math of costs, see how to calculate your real Hyperliquid PnL after fees and funding.

Try it now: open app.hyperfolio.fun and search any Hyperliquid address — yours or a trader you follow — your own or a trader you follow. No sign-up, read-only, free. The full history appears in seconds.

How to Check Any Hyperliquid Wallet in 60 Seconds

Both tools make the first step identical: copy the address you want to inspect and paste it into the search box.

• With HyperTrader: open hypertrader.info, paste the address or ENS name, and you immediately get the daily and weekly PnL calendar plus the asset breakdown. It is a solid first impression of any wallet.
• With Hyperfolio: open app.hyperfolio.fun, paste the same address, and you get the full reconstructed history with net PnL, fees and funding itemized per position — plus the option to attach push alerts to that wallet's activity.

The difference appears the moment you ask a second question. "Is this trader green this week?" — both answer. "What did this wallet really earn, net of costs, since day one, and where did the money go?" — only one answers with data. And because Hyperfolio is read-only and registration-free, running that deeper check costs nothing but the seconds it takes to paste an address.

Frequently Asked Questions

Is HyperTrader free?

Yes. HyperTrader (hypertrader.info) is free to use and lets you look up any Hyperliquid wallet address or ENS name without registration.

Why doesn't HyperTrader show my old trades?

Because the site relies on Hyperliquid's public API window of the most recent ~10,000 trades, as stated on hypertrader.info itself. Once an active wallet passes that volume, older fills drop out of the calculation. Hyperfolio paginates the API to reconstruct the full history instead.

Does Hyperfolio require registration or API keys?

No. You can search any Hyperliquid address or connect your own wallet at app.hyperfolio.fun with no account and no API keys — everything is read-only.

Which tracker shows real PnL after fees and funding?

Hyperfolio. It itemizes realized PnL, fees paid and funding paid or received per position and per wallet, so the number you see is net of the costs Hyperliquid charges. HyperTrader's dashboard shows a PnL calendar without that net-of-costs breakdown.

Can I track other traders' wallets on both tools?

Yes, both accept any public Hyperliquid address. Hyperfolio adds the Smart Money Radar for discovering top 30-day PnL wallets and push alerts when they make big moves.

Final Verdict

HyperTrader is a pleasant, honest little dashboard — and its honesty about the 10,000-trade API limit is exactly why serious traders outgrow it. Hyperfolio was built to answer the question the others dodge: what did I actually earn, net of fees, funding and time?

Check it yourself in the next 60 seconds: go to app.hyperfolio.fun/en, paste any wallet address and look at the PnL breakdown. No registration, no API keys, no cost. Your trading history is public on Hyperliquid — see what it really says about you.