Hyperfolio vs HyperX (2026): Real PnL Tracking vs Copy Trading on Hyperliquid

Quick answer

HyperX is a smart-money analytics and copy-trading platform for Hyperliquid with a free plan limited to 10 monitored wallets and a Pro plan at $199/year for 20 wallets, charging 0.055% (free) or 0.035% (Pro) per copied trade. Hyperfolio is a free, read-only portfolio tracker that shows the real net PnL of any Hyperliquid wallet — including fees and funding — with no wallet limits, no registration and no API keys. If you want to know what you actually keep after costs and track wallets across Hyperliquid, AsterDEX and Lighter, Hyperfolio wins. If you want automated copy trading with order execution, HyperX is the tool designed for that.

Bottom line: HyperX sells execution — copying traders and trading through a terminal. Hyperfolio answers a different question: "what is my real PnL after fees and funding?" — and it answers it for free, for any wallet, without signing up.

Why this comparison matters

If you trade on Hyperliquid, you have probably tried to follow smart money. You find a wallet with a great win rate, you watch its positions, maybe you even copy it. Then the month ends, you open your records and the number does not match your balance. You paid taker fees on every fill, funding every hour, and nobody showed you the real total.

That is the gap this comparison covers. HyperX is one of the most visible smart-money and copy-trading platforms in the Hyperliquid ecosystem, so it is the natural benchmark. Hyperfolio is the tracker built for the part HyperX does not focus on: your actual, net, after-cost PnL — for your wallets and for any address you want to inspect, without connecting anything.

You can check any Hyperliquid address right now, without registration, on the Hyperfolio app — paste a wallet and see its PnL broken down by position, fees and funding in seconds.

What is HyperX?

HyperX describes itself as "Hyperliquid Copy Trading & Smart Money Analytics". It operates on web, iOS and Android, and its own materials claim thousands of active traders. Its core features, verified on its site in August 2026, are:

• Smart money tracking: monitors top-performing wallets in real time.
• One-click copy trading: mirrors trades from selected traders with custom leverage and risk controls.
• Deep trader analysis: PnL breakdown, win rates and risk metrics per wallet.
• Wallet discovery and leaderboard: filters by ROI, PnL, win rate and trade count.
• Market intelligence: whale movements, liquidation data and funding rate analysis.
• Wallet monitoring alerts for new positions and large trades.
• AI agent trading: structured API access so agents can consume data and execute.
• Live trading terminal and native mobile apps (TestFlight and Android).

Its pricing page shows two tiers: a Free plan (monitor up to 10 wallets, copy trade up to 10 wallets, copy fee 0.055%) and a Pro plan at $199/year (up to 20 wallets monitored and copied, copy fee 0.035%, dedicated 1-on-1 support). Note that copy trading requires connecting your wallet or API keys, and you still pay standard Hyperliquid trading fees on every copied trade on top of the platform copy fee.

What is Hyperfolio?

Hyperfolio is a free portfolio tracker for Hyperliquid focused on one thing: showing you the PnL that matters, the net one. Its differentiators, all available without paying or registering:

• Real net PnL: realized PnL computed with the exact fees and funding paid, broken down per position and per wallet.
• Unlimited wallet lookups: paste any Hyperliquid address — yours, a trader you follow, a bot — and get its full performance instantly. No 10-wallet cap, no "upgrade to see more".
• Multi-venue aggregation: track portfolios across Hyperliquid, AsterDEX and Lighter in one dashboard.
• Smart Money Radar: spot wallets with the best risk-adjusted performance in the last 30 days.
• Push alerts without Telegram: fills, liquidations and whale moves as browser notifications.
• Read-only by design: no API keys, no order signing, nothing to compromise.

Hyperfolio is not a trading terminal and does not execute orders. It is the layer that tells you the truth about performance — yours and anyone else's.

Hyperfolio vs HyperX: comparison table

Feature	Hyperfolio	HyperX Free	HyperX Pro ($199/yr)
Price	Free, no limits	Free	$199/year
Wallets you can monitor	Unlimited — any address, no registration	Up to 10	Up to 20
Net PnL with fees + funding breakdown	Yes, per position and per wallet	PnL summary (copy-oriented)	PnL summary (copy-oriented)
Multi-venue (HL + AsterDEX + Lighter)	Yes	No (Hyperliquid only)	No (Hyperliquid only)
Copy trading	No (read-only)	Yes — 10 wallets, 0.055% per copy	Yes — 20 wallets, 0.035% per copy
Order execution / trading terminal	No	Yes	Yes
API keys required	No	Yes, to copy trade	Yes, to copy trade
Push alerts	Yes, without Telegram	In-app wallet alerts	In-app wallet alerts
Mobile apps	Web app (any device)	iOS + Android	iOS + Android

PnL accuracy: where copy platforms diverge from reality

Here is the practical problem. Hyperliquid charges 0.045% taker / 0.015% maker on perps, and funding is settled every hour. A copy-trading platform shows you the gross PnL of the strategy, and its analytics focus on win rate and copied fills — not on the accumulated cost of your own portfolio.

Run the numbers on a modest example. 50 round-trip trades in a month, average size $1,000, all taker: that is 100 fills × $1,000 × 0.045% = $45 in trading fees, plus funding that can add or subtract depending on direction. If your tracker shows a gross PnL of +$300 but ignores the $45 in fees and the funding paid, your real result is closer to +$255 — a 15% error in the number you use to decide whether a strategy works. Now multiply that by months of trading and by every wallet you follow, and the distortion becomes the difference between a strategy that "works" and one that quietly bleeds.

That is exactly the figure Hyperfolio computes: connect your wallet or paste any address and see realized PnL net of fees and funding, per position. We wrote the full methodology in our guide to calculating your real PnL on Hyperliquid.

Where HyperX genuinely wins

Fair is fair. HyperX is not a bad product — it is a different product, and in its lane it does things Hyperfolio does not:

• Copy trading with execution: automatic position mirroring, leverage and risk controls. Hyperfolio deliberately does not execute orders.
• AI agent API: structured feeds plus execution for agentic strategies — genuinely advanced.
• Native mobile apps: dedicated iOS and Android clients.
• All-in-one terminal: charts, order entry and copy engine in one surface.

If your workflow is "find a trader, copy them, manage risk from the phone", HyperX is a legitimate choice. That strength, however, comes with a cost structure — subscription, per-copy fees and key exposure — that has nothing to do with simply knowing your real PnL.

Where Hyperfolio wins

• Price and limits: completely free, with unlimited wallet lookups. HyperX caps you at 10 wallets free and 20 at $199/year.
• Real net PnL: fees and funding included, per position. This is the number your taxes and your decisions need.
• Zero friction: no registration, no API keys, read-only. Your keys never enter the equation.
• Multi-venue: Hyperliquid plus AsterDEX and Lighter in one view — HyperX is Hyperliquid-only.
• Push alerts without Telegram for fills, liquidations and smart money moves.

If you copy trade on HyperX or anywhere else, you still need an independent check of your real net PnL. Hyperfolio is that check — free and instant.

Which one should you use?

• You want automated copy trading and a trading terminal → HyperX (or Copin, which we compared here).
• You want to know your true PnL, inspect any wallet, track multiple venues and pay nothing → Hyperfolio.
• You copy trade and want an independent PnL check → use both: HyperX for execution, Hyperfolio for the truth.

FAQ

Is HyperX free to use?

HyperX has a free plan that lets you monitor up to 10 wallets and copy trade up to 10, with a 0.055% copy fee. The Pro plan costs $199/year and raises both limits to 20 with a 0.035% copy fee.

Does HyperX show PnL net of fees and funding?

HyperX provides trader analytics focused on copy trading — win rates, risk metrics and PnL summaries — but it is not built around a per-position breakdown of the fees and funding your own portfolio paid. Hyperfolio computes realized PnL net of fees and funding for any wallet, per position.

Do I need API keys to use Hyperfolio?

No. Hyperfolio is read-only and works with public Hyperliquid data: you connect your wallet or paste any address, without API keys, order signing or registration.

Can Hyperfolio copy trades?

No, and that is intentional. Hyperfolio does not execute orders; it tracks performance. For execution-based copy trading, platforms like HyperX or Copin are the right tool.

What is the best free alternative to HyperX for tracking PnL?

For tracking real net PnL on Hyperliquid without paying, Hyperfolio is the strongest option: unlimited wallets, fees and funding included, multi-venue support and push alerts — all free and without registration.

See your real PnL in seconds

Stop guessing what you actually earn. Open app.hyperfolio.fun, connect your wallet or search any Hyperliquid address, and get the net PnL broken down by position — fees, funding and all. Free, read-only, no registration, no limits. If you copy trade, use Hyperfolio as your independent performance check; if you only track, it is the only tool you need.