Hyperfolio vs Hypurrscan (2026): Real PnL Tracking vs the Hyperliquid Explorer

HypurrScan is the deepest raw explorer for the Hyperliquid blockchain — transactions, wallet histories, liquidation events and open interest — but it does not compute your PnL. Hyperfolio is the free, read-only tracker that turns any Hyperliquid address into a complete PnL dashboard: realized and unrealized PnL, fees and funding breakdown, equity curve, smart money radar and push alerts. Paste any wallet address at app.hyperfolio.fun and see your true net result in seconds, with no registration.

If you trade perps on Hyperliquid, you have probably spent hours inside HypurrScan. It is the reference explorer for the chain: you search a wallet, you scroll transaction lists, you inspect liquidations and open interest. And at the end of the session you still cannot answer the only question that matters: is this trader — or am I — actually profitable after fees?

That is not a failure of HypurrScan. An explorer's job is to show raw data, not to interpret it. But the gap is real: raw data is not a PnL report. This 2026 comparison shows exactly what each tool gives you — and why Hyperfolio, a free read-only PWA built natively for Hyperliquid, is the piece HypurrScan is missing for anyone who wants their real PnL in one place.

What HypurrScan is: the most detailed explorer on Hyperliquid

HypurrScan (hypurrscan.io) is a community-built, free explorer for the Hyperliquid blockchain. It is widely considered the most detailed block-level explorer for the chain, and its strengths are real:

• Individual transaction and block details across the Hyperliquid EVM and the perps layer, updated in real time.
• Wallet histories with token transfers, deposits and withdrawals for any address.
• Liquidation events and open interest breakdowns by asset, useful to read market stress at a glance.
• Extra tooling: aliases, staking views, a treemap, dashboards and stats.

If your question is "what happened on-chain, at the block level, right now", HypurrScan is the best free answer on Hyperliquid. The problem starts when the question changes from "where did the money move?" to "am I making money after costs?"

What HypurrScan cannot tell you

An explorer gives you events, not answers. For a trader, the missing pieces are precisely the ones that decide whether a strategy works:

• No realized PnL. You can see the trades, but the explorer does not sum closed positions into a profit figure, let alone per day, per asset or per wallet.
• No unrealized PnL across history. There is no equity curve, no drawdown, no performance over time — only snapshots of individual events.
• No fees and funding drag. This is the most expensive blind spot. Taker fees on Hyperliquid are 2 bps per side and funding accrues every 8 hours; over weeks of trading, those costs routinely eat 10–30% of gross profits. HypurrScan shows you the trade; it never shows you the bill.
• No multi-wallet portfolio view. One address at a time, no aggregation of your own wallets or of a set of traders you follow.
• No alerts. Nothing pushes when a wallet you track opens a position or gets liquidated. You have to be looking at the screen.
• No performance ranking. There is no Top 100 by 30-day PnL, no win rate, no comparison between wallets.

Takeaway: HypurrScan answers "where did the money move?". It never answers "am I making money after costs?" — and that second question is the one that pays.

What Hyperfolio does: a tracker built for the PnL question

Hyperfolio is a free, independent, read-only portfolio tracker and wallet tracker for Hyperliquid. You paste a public address — no private keys, no wallet connection, no registration — and you get a full analytics dashboard:

• PnL tracker: equity curve with full history, realized and unrealized PnL split, performance stat cards and directional bias, with perps, spot and staking covered and a privacy mode (USD/EUR).
• Smart Money Radar: see when top Hyperliquid traders open new positions, filterable by size ($10K / $25K / $50K+) and asset type, in real time.
• Wallet Tracker: follow any wallet, compare performance side by side, browse the Top 100 by 30-day PnL and inspect detailed trading stats.
• Push and copy-trading alerts: entry and exit alerts for wallets you follow, leverage and TWAP tabs, and push notifications that work even when the PWA is closed — no Telegram required.
• Multi-venue portfolio: Hyperliquid, AsterDEX, Lighter and Robinhood Chain in one dashboard, with unified equity and balances.
• Markets, Perp Calculator and Predictions Hub (HIP-4): live WebSocket charts with a technical signal for every market, a perp simulator with Hyperliquid's liquidation formula, and Yes/No markets tracked alongside your positions.

Everything Hyperfolio does is read-only. It consumes public Hyperliquid data, so your funds and your keys are never at risk — and you can start without creating an account: paste any wallet and see the PnL breakdown right away.

Head-to-head: HypurrScan vs the official explorer vs Hyperfolio

Feature	HypurrScan	Official HL Explorer	Hyperfolio
Price	Free	Free	Free (no paid tier)
Registration / wallet connect	None (read-only)	None	None (read-only, no private keys)
Blocks & transaction explorer	Yes — deepest on HL	Yes	No
Liquidation events & OI by asset	Yes	Partial	No
Wallet trade history	Raw events	Raw events	Interpreted PnL
Realized / unrealized PnL	No	No	Yes, full split
Fees & funding breakdown	No	No	Yes
Equity curve with full history	No	No	Yes
Multi-wallet watchlist & comparison	Limited (search)	No	Yes
Multi-venue (AsterDEX, Lighter, Robinhood Chain)	No	No	Yes, unified equity
Smart Money Radar	No	No	Yes — $10K/$25K/$50K+ filters
Push alerts (work with app closed)	No	No	Yes
Top 100 by 30-day PnL	No	No	Yes
Markets charts + technical signal	Partial (treemap/stats)	Basic	Yes, WebSocket
Perp Calculator / Predictions Hub	No	No	Yes
Languages	English	English	EN / ES / ZH

See the pattern? The two explorers compete on raw data; Hyperfolio competes on the question neither of them answers. If your PnL is a black box right now, this is the fastest way to open it: check any wallet's real net PnL for free.

The gap that matters: your real net PnL

Let's make it concrete. You open a $50,000 notional BTC long on Hyperliquid and close it five days later with a gross gain of $1,200. The explorer shows the trades and the balances — that's it. The real math:

• Taker fees: 2 bps per side × 2 sides × $50,000 = $20.
• Funding: 0.01% every 8 hours for 5 days (15 periods) on $50,000 = $75.
• Net result: $1,200 − $20 − $75 = $1,105 — about 8% less than the gross number.

Now repeat that across dozens of positions per month and the drag compounds. Hyperfolio computes exactly this: it breaks down fees and funding per wallet and shows your equity curve with the full history, so the number you see is the number you keep. We explain the complete math in our guide to calculating your real Hyperliquid PnL with fees and funding.

From explorer to PnL dashboard in 30 seconds

You do not have to choose between the two tools — the smart workflow uses both. When you want to verify a specific transaction, liquidation or open interest figure, HypurrScan is the place. When you want to know whether a wallet is profitable, how it performs over time or when it moves next, you need a tracker:

1. Copy any Hyperliquid address (yours, a whale's, or a copy-trading candidate's).
2. Open app.hyperfolio.fun and paste it in the search bar.
3. Read the PnL dashboard: realized and unrealized, fees and funding, equity curve, win rate and recent moves.

No signup, no wallet connection, no private keys. Searching any address without registering is the whole point: the tracker works for due diligence on traders and for your own performance review in the same way. If you want to go deeper on following wallets and comparing them, our Hyperliquid wallet tracker guide walks through the full setup.

Where HypurrScan still wins

Being honest matters, and HypurrScan genuinely wins in several areas. It is the best raw verification layer on Hyperliquid: block-level transaction detail, liquidation events, open interest breakdowns by asset, aliases and token analytics are things a PnL tracker should not try to replicate. If you do forensic on-chain work — checking whether a trade really executed, watching OI spikes or auditing an address's token history — HypurrScan is the tool you want.

The difference is scope, not quality: HypurrScan is a microscope for the chain; Hyperfolio is a dashboard for your PnL. The traders who get the most out of both use HypurrScan to verify what happened and Hyperfolio to know what it means for profitability — and to get alerted the moment something happens.

Which one should you use?

• You want to verify on-chain events, OI or liquidations → HypurrScan.
• You want your real net PnL, fees and funding per wallet → Hyperfolio.
• You follow traders, want smart money moves or push alerts → Hyperfolio, no contest.
• You want both → use them together: verify in HypurrScan, track in Hyperfolio.

FAQ

Is HypurrScan free?

Yes. HypurrScan is a free, community-built explorer (currently in beta) for the Hyperliquid blockchain, with no paid tier for its core explorer features.

Does HypurrScan show PnL?

No. HypurrScan shows raw transactions, wallet histories, liquidations and open interest, but it does not calculate realized or unrealized PnL, fees or funding for a wallet.

What is the best HypurrScan alternative for tracking PnL?

Hyperfolio is the free, read-only tracker that turns any Hyperliquid address into a full PnL dashboard — realized/unrealized split, fees and funding, equity curve, smart money radar and push alerts — without registration.

Do I need to connect my wallet to track PnL on Hyperfolio?

No. Hyperfolio reads public addresses only: you can paste any wallet or search any address without connecting a wallet, sharing private keys or creating an account.

Does Hyperfolio cost anything?

No. Hyperfolio is free, with no subscription and no paid tier, and it works in English, Spanish and Chinese.

Stop reading raw data — start seeing your PnL

HypurrScan will keep being the best explorer on Hyperliquid, and it should — that is its job. But raw data does not pay your bills; knowing your real net PnL does. Hyperfolio is the free layer that turns any address into a full profitability dashboard: realized and unrealized PnL, fees and funding, equity curve, smart money radar, multi-venue portfolio and push alerts that work even with the app closed.

Try it now — no signup, no wallet connection. Open app.hyperfolio.fun, paste any Hyperliquid address and get the PnL breakdown HypurrScan cannot give you, for free.