Hyperfolio vs Rotki (2026): Hyperliquid PnL Without Self-Hosting

Quick answer: If you trade perpetuals on Hyperliquid and simply want your real PnL — fees, funding and realized vs unrealized broken out per position — Hyperfolio is the faster, free, no-setup option: paste any public wallet address and read the numbers in seconds. Rotki is excellent if you want a self-hosted, privacy-first ledger for your entire multi-chain portfolio and crypto tax reports, but it is a general-purpose tracker you install and configure, not a Hyperliquid-native PnL engine.

Every Hyperliquid trader hits the same wall. You close a winning week, open the app to check your numbers, and discover the dashboard shows a PnL that does not match what you actually pocketed. Trading fees, funding payments, liquidations and the messy mix of spot versus perpetuals make “just look at the UI” a reliable way to lie to yourself. That is exactly why portfolio trackers exist — and why picking the wrong one costs you hours you could spend trading.

This article compares Hyperfolio and Rotki head-to-head. One is a free, Hyperliquid-native dashboard that reads your on-chain master wallet and shows your true perp PnL in seconds. The other is an open-source, self-hosted accounting suite for your entire crypto life. They are not really the same kind of tool, and understanding the difference is the fastest way to stop guessing your numbers and see your real Hyperliquid PnL.

The self-hosted ledger vs the native PnL dashboard

Rotki positions itself as a privacy-first, local-first portfolio tracker and crypto accounting tool. You download and run the software on your own machine, connect exchanges and wallets (usually with read-only API keys or address imports), and it aggregates balances, history and profit-and-loss across many chains. The trade-off is deliberate: your data stays local, and you accept setup and maintenance in exchange for self-custody of your records. Rotki offers a free tier with limits, then paid Basic and Advanced subscription tiers that raise those limits and add encrypted cloud backups and multi-device sync.

Hyperfolio takes the opposite approach for a narrower, deeper job: being the best way to see a Hyperliquid portfolio. There is nothing to install and no account required. You paste a public Hyperliquid master wallet address and the app pulls on-chain data to reconstruct your equity curve, realized and unrealized PnL, open perpetuals, spot, staking and margin usage in real time. No API keys, no CSV imports, no self-hosting. That difference is the whole story: Rotki is a broad, private general ledger; Hyperfolio is a purpose-built Hyperliquid PnL engine.

Why Hyperliquid traders outgrow general-purpose trackers

Hyperliquid is not like holding spot ETH. Your real profit on a perpetual position depends on entry and exit price, the taker or maker fee you paid, every funding payment credited or debited, and whether a position was liquidated. A generic portfolio tracker that only reconciles deposits and withdrawals will show a number that quietly ignores funding and fees — which, over hundreds of fills, can swing your “profit” by thousands of dollars.

This is where the gap shows up in practice. Rotki is built to decode and aggregate many chains and exchanges, and it is genuinely good at that. But for a Hyperliquid trader who wants per-position PnL with fees and funding already netted out — plus context like Smart Money moves, whale activity and liquidation levels — a general tracker forces you to assemble that picture yourself. Hyperfolio was built to answer those questions natively, which is why switching traders usually keep both: Rotki for tax-season aggregation, Hyperfolio for the daily PnL truth.

Hyperfolio vs Rotki: side-by-side

Dimension	Hyperfolio	Rotki
Primary focus	Hyperliquid perp & spot PnL	Multi-chain portfolio + accounting
Setup	Paste a wallet address — nothing to install	Download & self-host software
API keys / signup	None required (read-only public address)	Read-only API keys for exchanges
Perp PnL with fees + funding	Yes, native and real-time	Manual/general aggregation
Smart Money & whale radar	Yes (top-trader open feed)	No
Push alerts & copy-trading alerts	Yes	No
Multi-venue (HL + AsterDEX + Lighter + Robinhood)	Yes	Partial, general EVM focus
Tax reports	PnL breakdown to feed tax tools	Built-in crypto tax reports
Price	Free	Free tier + paid Basic/Advanced tiers
Privacy model	Web/PWA, no keys held	Local-first, self-hosted

The table makes the core trade-off concrete. Rotki wins on breadth and privacy architecture; Hyperfolio wins on speed, depth and zero-friction access to Hyperliquid-specific data. If your day-to-day question is “what did I actually make on Hyperliquid this week?”, one of these tools answers it in a paste; the other makes you build that answer.

Consider a concrete example: you open a 5x long on a perp, hold it through three funding cycles, add margin once, and close for a modest gain. Your raw price move might look like +$800, but after taker fees on entry and exit and three funding payments, your real net could be closer to +$620 — or negative if funding ran against you. Hyperfolio shows that final, honest number on the position itself, the moment you paste the wallet. That single view is the difference between feeling profitable and actually being profitable, and it is exactly the data a general ledger will not compute for you automatically.

Where Rotki genuinely wins

This comparison is honest: Rotki is a serious piece of software with real strengths. If you want a single local record of everything — EVM wallets, UTXO coins, centralized exchanges, staking rewards and a full crypto tax report you can file — Rotki is one of the best open-source options available. Its local-first design means your transaction history never touches a third-party server, which matters for anyone with meaningful balances. The free tier is a legitimate way to start, and paying for Basic or Advanced gets you higher limits, encrypted cloud backup and syncing across devices.

The honest takeaway is that Rotki is a portfolio accounting tool, not a trading PnL tool. For a diversified, buy-and-hold investor or a tax-focused operator, it is excellent. For an active Hyperliquid perp trader, it leaves the most important question — “what did I net after fees and funding?” — to manual work.

Where Hyperfolio wins

Hyperfolio is optimized for exactly that question. Paste a Hyperliquid master wallet and you get a live portfolio with the equity curve over your full history, realized and unrealized PnL, every open perp with leverage and direction, spot, staking and margin usage — all on one screen. The Smart Money radar shows new positions from top traders the moment they open, filterable by notional size, so you can see what the best wallets are doing right now. Push and copy-trading alerts notify you of entries and exits even with the PWA closed. And the multi-venue portfolio unifies Hyperliquid with AsterDEX, Lighter and Robinhood Chain in a single equity view.

For active Hyperliquid traders, the fastest path from “I think I’m up” to “here is my exact net PnL” is a tracker that reads the chain natively — not a general ledger you have to feed and reconcile by hand.

None of this requires connecting a wallet or handing over private keys. Hyperfolio only reads public addresses, which means there is nothing to leak and nothing to sign. That is a meaningful security property for a tool you check every day, and it removes the single biggest objection most traders have to third-party trackers.

Using both together: the clean workflow

The smartest operators do not choose one and delete the other. A common setup is to use Hyperfolio as the daily source of truth for Hyperliquid PnL — because it nets fees and funding automatically — and to export or reconcile that realized PnL into a tax tool (like Rotki or a dedicated crypto-tax service) when it is time to file. If you want the deeper story on why your “wallet balance” and your “real PnL” disagree, read our guide on Hyperliquid real PnL after fees and funding.

So before you spend an afternoon configuring a self-hosted ledger for a single venue, try the five-second version. Open Hyperfolio, paste your address, and see whether the number on screen finally matches your gut — and your trade history.

Frequently asked questions

Is Hyperfolio free?

Yes. Hyperfolio is completely free with no subscription and no paid features. You can search any public Hyperliquid address without creating an account.

Does Hyperfolio need my private keys or API keys?

No. It only reads your public Hyperliquid master wallet address. It never asks for private keys, seed phrases or signing permissions, so it cannot move funds.

Is Rotki a good Hyperliquid PnL tracker?

Rotki is a strong general-purpose, self-hosted portfolio and tax tool, but it is not built around Hyperliquid perpetuals. Fees, funding and per-position PnL require manual reconciliation, whereas Hyperfolio nets them automatically.

Can I track other people’s Hyperliquid wallets?

Yes. Hyperfolio’s wallet tracker follows any public Hyperliquid address, compares PnL and includes a Top 100 leaderboard by 30-day PnL.

Does Hyperfolio support venues beyond Hyperliquid?

Yes. It aggregates Hyperliquid, AsterDEX, Lighter and Robinhood Chain into one multi-venue portfolio with unified equity, perps and balances.

Ready to see your real numbers? Open Hyperfolio, connect a wallet or search any address — no sign-up, no keys, free forever.