Most market-maker flow is invisible in the public trade feed — under our light it glows. On-chain reconciled copyability verdicts, hidden-flow x-rays and funding-carry signals across Polymarket and Hyperliquid.
Paste any wallet. Get its true style, the share of its activity hidden from the public trade feed, a copy-worthiness verdict, plus current-open-book and lifetime P&L.
Try a known maker: 0xdb5a…3965
Paste any Hyperliquid vault or trader address. We pull what the HL app hides behind a single APR or PnL line: per-follower equity distribution, leader skin-in-the-game, commission drag, lockup/flight risk, the live book (assets traded), maker-vs-taker mix, liquidation history and deposit-adjusted return.
Try the HLP vault: 0xdfc2…f303
Add up to 4 Hyperliquid or Polymarket addresses. HL wallets overlay deposit-adjusted growth + risk with a what-if backtest; PM wallets overlay cumulative net PnL + key metrics. Mixed sets show as separate sections.
See any Hyperliquid wallet's footprint — perp positions, vault deposits and spot — and pin vaults/wallets to a watchlist saved in your browser (no account).
Pinned wallets grouped by venue. Consensus shows markets/coins where 2+ of your watched wallets in the same venue sit the same way right now (venues are never mixed). For the global version over top profitable wallets, see Research → Smart-money consensus.
Every vault we've crawled, scored on deposit-adjusted risk & return with a copy-worthiness verdict and operator attribution. Sort/filter, read the risk map, click any row to open its X-Ray.
The most profitable Hyperliquid accounts by all-time PnL, from the public leaderboard — many never open a vault. Sort/filter, then click any row for its X-Ray (the honest copyability view: maker/taker, drawdown, deposit-adjusted). Note: raw ROI is wildly distorted for low-volume / spot-airdrop accounts — filter by min volume to surface real active traders.
The honest shortlist: active, directional swing traders on liquid Hyperliquid perps whose multi-day holds mean a copy entered late still works. We screen thousands of mid-size accounts and keep only the genuinely mirror-able ones — most “top traders” are market-makers or bots you can’t copy, so this list is deliberately short.
Most profitable Polymarket wallets by lifetime profit, each tagged with its style — is the edge copyable directional betting, or uncopyable market-making / accumulation? Plus edge (profit per $ traded) and how much volume is invisible to the public trade feed. Click any row for the wallet X-Ray. Note: Polymarket has no account-value history, so a true return-on-equity Sharpe isn’t possible; the honest efficacy signals (all on each wallet’s X-Ray) are profit-per-$-traded (edge), drawdown-on-profit + return/drawdown, and PnL-curve smoothness.
Live breakdown of how much top-wallet dollar flow never hits the public trade feed.
The wallets the public leaderboards most under-describe. Filter by class.
Wallets currently running grids with holdings that have no visible trades.
Which Polymarket categories, styles and wallets are still copyable-profitable vs decayed into uncopyable market-making — aggregated from every wallet we score. Hyperliquid has its own Research page.
Months of shadow-sim, so you skip the tuition. Realized economics of the strategies that look good and lose.
Polymarket taker fee = rate · p · (1−p) · shares. Makers pay zero.
Population stats for Hyperliquid traders and vaults — how much of the top end is actually copyable — plus where smart money is net positioned by coin. Polymarket has its own Research page.
Most assets are traps: the book never swings enough to fill. Front-of-queue completion ceiling by asset/timeframe.
Recently opened crypto markets with condition & token IDs (for bots).
Delta-neutral funding capture: collect a perp’s funding while hedged in spot. Set your costs — the screen ranks liquid assets whose funding clears your break-even hurdle. Trailing, not predictive.
Blacklight is a read-only intelligence layer over on-chain trading on Hyperliquid and Polymarket. It reads raw wallet and market activity and tells you what is actually happening — the trading style behind a wallet, the flow hidden from the public feed, and which behaviour is real edge versus noise. And it answers the question most tools dodge: of the edges you find, which could you realistically act on — at your size, after fees and lag? Public data only. No accounts, no custody, no trades placed. Not financial advice.
Most wallets are not copyable. Their edge comes from speed, queue priority, capital, or sitting on the favourable side of a fee/rebate schedule you do not have — none of which transfers when you mirror their trades. So a “Not copyable” verdict is a finding, not a broken page. We would rather surface the handful of genuinely followable traders than flatter you with hundreds of false ones. If almost everything reads red, that is the market telling the truth.
Hyperliquid is a perps venue: traders have a continuous deposit-adjusted equity curve, and a real population of copyable multi-day swing traders exists. Polymarket is binary prediction markets that resolve to 0 or 1; it is structurally close to uncopyable (a transparent zero-sum order book — the surviving edges are speed / queue / capital moats), so its value here is understanding the landscape, not finding someone to mirror. We never rank one venue against the other head-to-head — the numbers are not comparable.
Is this financial advice?
No. It is research tooling. You make your own decisions and do your own diligence.
Do you place trades or hold funds?
Never. Blacklight is read-only — no custody, no execution, no account needed.
Why is a profitable wallet marked “not copyable”?
Because profit is not the question — reproducible-by-you profit is. A wallet can be very profitable on speed or queue priority you cannot match; copying it just hands you the losing side of the lag.
How fresh is the data?
X-Ray pages pull live on demand; the ranked lists refresh on a regular cron cadence.
Blacklight — honest, realizability-first wallet intelligence. Public data only · not financial advice.