Profitable wallet strategy · One trader's method, from the public record
Ether trader closed a $3.1 million short for $95,349 after a $1.7 million month
The account bought back nearly 1,497 Ether at an average of $2,082.39. Its earlier monthly record already showed $1.58 million in realized gains on Ether shorts.
A Hyperliquid trader booked $95,349 before fees Tuesday morning by closing an EtherETH+0.26% perpetual futures short. The gain came after the exchange had already recorded $1.71 million in monthly perps profit for the account.
The trader had sold contracts covering 1,496.7163 Ether at an average of $2,146.11 on Monday. A short gains when the repurchase price falls. At 9:40 a.m. Eastern Tuesday, 109 fills bought back the entire position in about five seconds at an average of $2,082.39. The exchange charged $346 on the exit.
Realized gains on closes and partial closes from October 10 through 5:22 a.m. Eastern on November 10, before fees and funding. The later Ether buyback falls outside this window.
| ETH | +$1.6 million |
|---|---|
| BTC | +$20,000 |
| HYPE | +$12,000 |
- Monthly perps profit
- $1.71 million Through 5:22 a.m. Eastern on November 10
- Ether profit realized in that window
- $1.58 million Perp closes before fees and funding
- Later Ether buyback
- $95,349 Gross realized profit at 9:40 a.m. Eastern
Two cuts of the same trade
At 5:22 a.m. Tuesday, the short had shown an $80,232 paper gain on roughly $3.13 million of exposure. By the time the account bought it back, the price had dropped another $10 per Ether. The $95,349 was the gross realized result for the position, including the gain already visible that morning.
The account had selected 20 times leverage. Its combined spot and perps balance was $13.23 million at the earlier check, and the short used shared collateral. The position represented about 24 cents of exposure for every dollar of that balance.
Where the monthly profit came from
Between October 10 and the 5:22 a.m. cutoff on November 10, the account traded $74.64 million of perps. Closed Ether shorts produced $1,582,856 before fees and funding. BitcoinBTC+0.35% closes added $20,459 and HYPE-0.35% closes added $11,845. Across the three markets, the trader paid $21,690 in trading fees and received $40,924 in funding, the periodic payments between longs and shorts.
The exchange’s $1.71 million performance figure also reflects changes in open positions. Adding the later $95,349 buyback to that figure would count some of Tuesday morning’s gain twice. The combined account balance moved from $13.84 million to $13.23 million over the reporting window; that change also includes activity outside perps.
What adding to losing positions contributed
The account added exposure to 19 completed positions after prices had moved more than 0.5% against their average entry. Those positions earned about $3.31 million before fees in the available fill history going back to June. That wider window includes trades outside the monthly figures above.
A replay that skipped those additions and closed the same fraction of the smaller position at each actual exit price produced about $1.48 million before fees. Keeping the fills and exit prices fixed makes that a measure of how position size affected these trades. It cannot establish how the trader would have managed the smaller positions.