Hyperfolio vs LabelYX: Hyperliquid PnL Tracker 2026

The short answer

Hyperfolio and LabelYX are both free, read-only Hyperliquid trackers that turn a public wallet address into PnL, win rate and drawdown. LabelYX goes deeper on a single wallet's analytics — Sharpe ratio, session heatmaps and money-flow graphs. Hyperfolio wins where traders actually operate across venues: it tracks Hyperliquid and AsterDEX in one panel, covers perps, spot and staking, and adds a live Smart Money radar plus copy-trading push alerts on the wallets you follow. If your priority is net PnL across venues and following top traders in real time, Hyperfolio is the stronger default — free and no sign-up.

Why Hyperliquid traders need a real PnL tracker

Hyperliquid is a public blockchain: every fill, funding payment, deposit and liquidation is on-chain and free to read. That openness created a whole category of "paste-a-wallet" dashboards that reconstruct a trader's performance from raw data. The problem is choosing between them, because they are not equal. One tool tells you whether you are profitable net of fees and funding; another tells you whether a top trader is worth copying; a third shows you the whole market at once.

The trap is picking a tool that looks impressive on a screenshot but misses the numbers that actually move your bottom line. Hyperliquid charges 0.045% taker / 0.015% maker on perps and 0.070% taker / 0.040% maker on spot, plus an hourly funding rate that compounds on positions you hold overnight. A tracker that does not isolate fees and funding is showing you fantasy profit. A tracker that only covers Hyperliquid perps leaves your AsterDEX positions and staked HYPE invisible. The right tool closes those gaps. This article compares two of the most popular free options — Hyperfolio and LabelYX — feature by feature so you can stop guessing.

LabelYX at a glance

LabelYX is a free, read-only analytics dashboard built specifically for Hyperliquid perpetual futures. Paste any 0x address and it renders PnL, win rate, drawdown and live positions in seconds, straight from Hyperliquid's own API, with nothing to connect and nothing to sign. It is an independent side project, funded by ads and donations, and has no paid tier.

Where LabelYX genuinely shines is the depth of its single-wallet analytics. It packs 16+ views per wallet: a portfolio dashboard with equity curve and win rate, per-asset performance with Sharpe, Sortino and Profit Factor, a drawdown analysis showing maximum and current drawdown plus your longest losing streak, a session heatmap that reveals which hours of the day quietly bleed your account, a trading calendar, a compound-growth forecast, FIFO-matched trade history with CSV export, and a money-flow graph that traces where a wallet's funds came from and went across chains. It also offers a risk console with a 0–100 risk score and a position sizer, a funding-rate scanner with a carry-trade calculator, wallet groups of up to eight addresses, and a leaderboard plus whale tracker built on 39,000+ wallets.

Hyperfolio at a glance

Hyperfolio is a free, read-only portfolio and wallet tracker built natively on the Hyperliquid protocol — and it goes a step further by aggregating multiple venues. Paste any wallet address (or use demo mode) and you get live equity, realized and unrealized PnL per position, open perps with leverage and side, and a clean breakdown of fees and funding per wallet. No sign-up, no API keys, no private keys.

Its differentiators are operational rather than cosmetic. Hyperfolio covers the full asset surface: perps, spot, staked HYPE, HIP-3 builder markets and vaults — not just perpetuals. It aggregates Hyperliquid and AsterDEX into one equity view, so you see your real net position across venues. It ships a Smart Money radar that detects live openings from top traders with size filters ($10K, $25K, $50K+ and RWAs), a Top 100 leaderboard by 30-day PnL, a per-minute fill feed, cross/isolated margin breakdowns, and push alerts for entry and exit on the wallets you follow — the copy-trading use case — delivered even with the PWA closed.

Head-to-head: Hyperfolio vs LabelYX

Here is the quantitative comparison, with pricing and features verified from each tool's own site as of September 2026.

Feature	Hyperfolio	LabelYX
Price	Free	Free (ad-supported)
Sign-up required	None (paste address)	None (paste address)
Wallet access	Read-only, no keys	Read-only, no keys
Perp PnL (realized + unrealized)	Yes, net of fees & funding	Yes
Fees & funding breakdown	Yes, per wallet	Yes
Win rate & drawdown	Yes	Yes (deep: Sharpe, heatmap)
Spot + staking HYPE + vaults	Yes	Spot shown, not analyzed
Multi-venue (Hyperliquid + AsterDEX)	Yes	No (Hyperliquid only)
Smart Money radar (live openings)	Yes ($10K/$25K/$50K+)	Leaderboard + whale distribution
Copy-trading push alerts (followed wallets)	Yes	Own-wallet alerts only
Installable PWA / push notifications	Yes	Yes (browser + PWA)

Takeaway: for a deep forensic read on one wallet, LabelYX is excellent. For tracking your own net PnL across venues and acting on other traders in real time, Hyperfolio covers more ground.

Where LabelYX wins

Being honest: if your entire workflow is "analyze one Hyperliquid wallet in forensic detail," LabelYX is arguably the deepest free tool available. Its Sharpe and Sortino ratios, session heatmap, compound forecast and cross-chain money-flow graph are genuinely useful for a trader doing post-mortems on their own history — or vetting a single leaderboard wallet before deciding to copy it. The funding scanner with a carry-trade calculator and the browser-side position/liquidation calculators are thoughtful extras, and wallet groups (up to eight addresses) are a nice touch. None of this costs a cent.

Those strengths come with a boundary, though. LabelYX is deliberately Hyperliquid-only and perp-focused: it states plainly that spot balances are "shown rather than analyzed" because spot has no entry, leverage or liquidation price to track. It does not aggregate AsterDEX or other venues, and its alerts fire on your own wallet's trades, liquidation risk and funding — not on the entries and exits of other traders you are following.

Where Hyperfolio wins

Hyperfolio's edge is breadth and actionability. Three things stand out.

Multi-venue aggregation

If you trade on Hyperliquid and AsterDEX — or hold staked HYPE alongside perps — LabelYX only shows part of the picture. Hyperfolio folds everything into one equity number, so your real net PnL is not fragmented across two tabs. For a trader running positions in more than one place, this alone is usually decisive.

Smart Money radar

A leaderboard tells you who was profitable. Hyperfolio's Smart Money radar tells you what top traders are opening right now, with size filters at $10K, $25K and $50K+ and a dedicated RWA view. That is the difference between reading history and reacting in time — which is the entire point of copy-trading research.

Copy-trading push alerts

Follow any wallet and Hyperfolio pushes an alert the moment it opens or closes a position, even with the app closed. LabelYX's notifications cover your own wallet's trades, liquidation risk and extreme funding — useful for risk, but not the same as being pinged when a whale you track enters BTC-PERP. For discretionary copy-traders, that feature alone justifies the switch.

Takeaway: LabelYX explains what a wallet did. Hyperfolio is built to help you act on what is happening — across every venue you trade.

How to choose (by trader profile)

The "best" tracker depends on the question you are asking today. Here is the honest breakdown.

• Multi-venue perp trader — you trade Hyperliquid and AsterDEX, hold spot and stake HYPE. Use Hyperfolio: one equity view across venues, net PnL after fees and funding.
• Discretionary copy-trader — you follow top wallets and want entry/exit alerts. Use Hyperfolio's Smart Money radar and push alerts.
• Single-wallet forensic analyst — you want Sharpe, session heatmaps and money-flow graphs on one address. LabelYX is excellent here, and it is free, so use both.
• Tax or journaling prep — Hyperfolio's per-wallet fee and funding breakdown pairs cleanly with a CSV export and a PnL calculation workflow.

There is no rule against running both. The realistic setup for most serious traders is: Hyperfolio as the daily cockpit (multi-venue PnL + Smart Money + alerts) and LabelYX as an occasional deep-dive lens on a single wallet. They solve adjacent problems.

FAQ

Is LabelYX free, or does it have a paid tier?

LabelYX is 100% free with no sign-up and no paid tier. It is an independent side project funded by ads, optional donations and a referral link.

Which tracker shows my real PnL after fees and funding?

Both reconstruct PnL from Hyperliquid's public data. Hyperfolio breaks fees and funding out per wallet across Hyperliquid and AsterDEX; LabelYX does the same for Hyperliquid perps with deeper single-wallet analytics.

Can I track AsterDEX on LabelYX?

No. LabelYX is Hyperliquid-only and perp-focused, and it does not aggregate AsterDEX or other venues. Hyperfolio aggregates Hyperliquid and AsterDEX in one equity view.

Does LabelYX alert me when another trader opens a position?

No. LabelYX's push notifications cover your own wallet's trades, liquidation risk and extreme funding. Hyperfolio pushes entry and exit alerts on the wallets you follow.

Do I need to connect my wallet to use either tool?

No. Both are read-only: you paste a public address and view reconstructed data. Neither asks for private keys, seed phrases, signatures or an account.

Track your real PnL across every venue today

Stop toggling between a Hyperliquid tab, an AsterDEX tab and a spreadsheet. Open Hyperfolio, paste any wallet address, and get your net PnL — fees and funding included — across venues, plus a Smart Money radar and copy-trading alerts, in seconds. Free, read-only, no registration. Want to understand the numbers behind the dashboard? Our guide to real PnL after fees and funding walks through the exact math.