HyperScore Scoring Mechanism
Overview
HyperScore is our proprietary 7-factor algorithm that provides a 360-degree evaluation of trader performance over the last 90 days. Unlike simple P&L rankings, HyperScore considers consistency, risk management, and trading efficiency.
Scoring Eligibility
Not every trader receives a HyperScore. To ensure data quality and meaningful analysis, traders must meet both criteria:
$100K+ Volume over the last 90 days (trailing) – Sufficient trading activity for statistical significance
$100+ Account Value – Minimum capital threshold for meaningful analysis
While Hyperliquid has 500K+ traders, only ~50K typically meet these criteria and receive scores. The rest are considered to have insufficient data with poor signal-to-noise ratio for reliable performance evaluation.
Scoring Factors
Realized P&L – Actual cash taken vs paper gains
Unrealized P&L – Paper profit before closing position
Active Trading Days – Consistency (eliminates lucky streaks)
Profit Factor – Realized profits vs. realized losses
Efficiency – Realized P&L / Volume processed
Sharpe Ratio – Risk-adjusted return over volatility (New)
Max Drawdown – Largest portfolio drop from peak (New)
Score Interpretation
9+ Score = Approx Top 0.1% of all traders (~50 traders)
8+ Score = Approx Top 2% of all traders (~1000 traders)
7+ Score = Approx Top 6% of all traders (~3000 traders)
Higher scores = Better overall trader performance
The recent addition of Sharpe ratio and Maximum Drawdown provides better insight into trading consistency and risk management capabilities.
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