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Traders

The Traders tab is where you discover, rank, and shortlist the perpetuals traders worth paying attention to. It’s a searchable, sortable table of every indexed Hyperliquid trader with a comprehensive performance profile attached to each one.

Using the Trader Table

Columns

ColumnWhat it means
TraderDisplay name (falls back to truncated wallet address).
ScoreTrader Score (0 to 100, color-coded). Details below.
PnLRealized profit/loss over the trailing 180 days, net of trading fees
TradesTotal number of individual trades
$W-Win %Dollar-weighted win rate. Weights each closed position by its size, not just count. A trader who wins big and loses small reads higher than a raw W/L tally would.
PFProfit Factor (gross profit / gross loss). Above 1.0 means net profitable.
SharpeRisk-adjusted return: (avg return − risk-free) / volatility. Higher = better return per unit of risk.
Max DDLargest peak-to-trough equity decline, shown as a percentage of peak equity
KellyKelly fraction — a mathematical position-sizing reference computed from the trader’s historical edge and odds. Higher = stronger edge.
Avg LevAverage leverage the trader uses across positions
Funding αNet funding received over the trailing 180 days — a bare signed sum of the trader’s own funding payments (received minus paid), not relative to any market average. Positive = the trader was paid to hold on net.
ActiveTime since the trader’s most recent trade

Most columns have hover tooltips with longer explanations.

Click any column header to sort; click again to flip direction. Default is PnL descending (most profitable first). The search bar matches by display name or wallet address; results are debounced.

Pagination

20 traders per page. Previous/Next buttons at the bottom.

Adding a trader to a filter

Each row has a single neutral Add to filter icon in the rightmost column (always visible — no hover reveal). Click it to open the Add to Filter modal, which always opens on the whitelist side — there is no side switcher inside the modal, so the blacklist side is not reachable from here.

The modal lists your filters with the trader’s current status against each one — Add if they’re not already on that side, Remove if they already are.

Two things to know about this dialog:

  • You can type a name and Create & Add — a new filter with this trader pre-added to its whitelist. (A quick-create from a blacklist dialog is rejected.)
  • There is no blacklist side and no create-new option on blacklists here: a blacklist is purely exclusionary, so to blacklist a trader you open the filter in the Filter Builder and edit its Trader Blacklist section instead. A trader can’t be on both the whitelist and blacklist of the same filter.

Advanced Mode

The Explore tab (and an Advanced mode built into the discovery flow) is for ad-hoc discovery: set criteria, see what matches, and if the results look useful, save them as a Filter with one click. Use it to test ideas before committing to a saved filter.

Setting criteria

The left-side panel shows all available criteria fields. Set min/max ranges to narrow your results. Results update when you change a criterion and when you click Apply.

FieldWhat it filters
Trader ScoreComposite 0 to 100 quality metric
$-Weighted Win RateDollar-weighted percentage of winning closed positions
Sharpe RatioRisk-adjusted return
Sortino RatioLike Sharpe but only penalizes downside volatility
PnL (180d)Realized profit/loss over the trailing 180 days, net of trading fees
Account ValueCurrent account value in USD
Max Drawdown %Largest peak-to-trough equity decline
Kelly FractionPosition-sizing reference from the trader’s historical edge and odds
Profit FactorGross profits / gross losses
Avg LeverageAverage leverage used across positions
Total Volume (180d)Total dollar volume traded over the trailing 180 days
Total TradesTotal individual trades
Closed PositionsTrack-record depth
Risk-Adj ReturnTotal return divided by max drawdown

Most of the same fields are available in saved Filters, but three are not offered in the Filter Builder: Sortino Ratio, Account Value, and Risk-Adj Return are Explore-only and can’t be saved in a filter at all.

On the asset side of Explore, be aware the Funding Rate criterion matches the raw hourly decimal — not the annualized APR shown in the Filter Builder. Convert before you type.

View modes

  • Bucketed Distribution View: shows how traders distribute across metric ranges. For each dimension (e.g., Trader Score), you see buckets like “70 to 80” with the count of traders in that range and aggregate stats (average PnL, average Sharpe, average win rate). This answers shape-of-the-population questions like “how many traders have a Sharpe above 2?” or “what’s the average PnL of traders with win rates between 60 and 70%?”
  • List View: a filtered, sortable table of individual traders matching your criteria. Same columns as the main Traders tab. Click any row to navigate to the detail page. 20 rows per page.

Save as Filter

Once you’ve found criteria that surface interesting results, click Save as Filter. This takes you to the Filter Builder with your criteria pre-populated, ready to name and save. From there, you can attach Pods to automate alerts or paper copy trading.

Typical workflows

Find traders with current edge:

  1. Set Trader Score min 70, Total Trades min 50
  2. Switch to List view, sort by Sharpe Ratio descending
  3. Click into the top few to spot-check equity curves and funding alpha on each profile
  4. Save as a filter or add the survivors to an existing filter’s whitelist

Validate your existing whitelist still works:

  1. Set a stricter version of your filter’s criteria (e.g., higher Sharpe minimum)
  2. Switch to List view
  3. Cross-reference with traders currently in your filter’s whitelist. Anyone missing from the results is a candidate to remove

Trader Score

The Trader Score is a composite 0 to 100 metric combining percentile rankings across five dimensions:

DimensionWhat it measures
PerformanceTotal returns and PnL
Risk ManagementDrawdown control, position sizing discipline
ConsistencyStability of returns over time
EdgeWin rate, profit factor, ability to find value
ExperienceTrade count, market diversity, time active

Color codes:

RangeLabelColor
85 to 100ExcellentGreen
70 to 84StrongLight green
50 to 69AverageYellow
30 to 49Below averageOrange
0 to 29PoorRed

Traders below the minimum closed-position threshold show no Trader Score (a placeholder is rendered).

Trader Detail Page

Click any row to open the full trader profile. The detail page shows summary metrics, live positions, and trade history. The header has Share, AI Analysis / Run AI Analysis, and Refresh buttons — there are no add-to-filter buttons in the header (add to a filter from the Traders tab row instead).

Performance (Overview)

The Overview tab shows an equity curve and 23 summary cards: Account Value, PnL, ROI (180d), Trader Score, Margin Used, $W-Win %, Sharpe Ratio, Sortino Ratio, Max Drawdown (%), Max Drawdown ($), Kelly Fraction, Profit Factor, Avg Leverage, Style, Avg Hold Time, Funding Alpha, Liquidations, Total Volume, Total Trades, Closed Positions, Wins, Losses, Open Positions.

  • Funding Alpha is the net funding the trader received over the trailing 180 days — a bare signed sum of their own funding payments (received minus paid), not relative to any market average. Positive means they were paid to hold on net, which is a tailwind you may want to weight if running a funding-based strategy.
  • Trade Style labels the trader as scalper, day trader, swing, or position based on their holding patterns.

Every metric card on this page is a trailing-180-day number by default. Seventeen of them re-compute for a narrower window and carry a small window badge when you pick one: PnL, Trader Score, $W-Win %, Sharpe Ratio, Sortino Ratio, Max Drawdown (%), Max Drawdown ($), Kelly Fraction, Profit Factor, Avg Hold Time, Funding Alpha, Liquidations, Total Volume, Total Trades, Closed Positions, Wins, Losses. The badge shows only when a non-default window (24h / 7d / 30d / 90d) is active. Six cards are not window-derived: ROI (180d) and Style are always trailing-180-day values, and Account Value, Margin Used, Avg Leverage, Open Positions are live figures read from the trader’s current Hyperliquid positions. See Sliced Metrics.

Open Positions

Currently active positions, fetched live from Hyperliquid:

ColumnDescription
CoinThe perp asset (e.g. BTC)
SizePosition size in coins (Hyperliquid’s szi), signed and color-coded: positive is long, negative is short — there is no separate Side column
EntryAverage entry price
LeverageLeverage on the position
Liq PriceApproximate liquidation price
Unrealized PnLCurrent unrealized profit/loss in dollars
ROEReturn on equity (percent) for the position

Trade History (Trades tab)

Every individual fill:

ColumnDescription
TimeTrade timestamp
CoinThe perp asset traded
DirectionBUY or SELL (shown as a Buy/Sell badge)
PriceExecution price
SizeFill size
Closed PnLRealized PnL on the fill (when available)
FeeTrading fee on the fill

Closed Positions

Fully closed positions, shown with Coin, Direction (long/short), Entry, Exit, Size, Net PnL, and Hold Time. Slicing does not affect the Open Positions, Closed Positions, or Trades tabs — those always show full history.

Important notes

  • Fees are net for almost everything. For performance metrics the per-close PnL is closed PnL − fee, and that net figure drives dollar-weighted win rate, Sharpe, Sortino, Kelly, profit factor, and max drawdown. PnL is also net of trading fees — each close carries its own fee plus its share of the fees paid to open the position — over the trailing 180 days. Funding is not folded into PnL; it is reported separately as Funding Alpha.
  • The $W-Win % column is always the dollar-weighted win rate, never raw win count.
  • Trader stats are recomputed on a rolling cadence; live positions (fetched straight from Hyperliquid) update faster than the computed metrics.