Hyperliquid vaults: HLP and operator vaults
All 149 vaults on Hyperliquid that we observe — the exchange's own HLP (Hyperliquidity Provider) and the user-run vaults — with flow-adjusted returns, max drawdown and history, screened every day against the same published criteria as every other perp DEX.
As of 15 October 2026 · updated every four hours · snapshot hashed daily · free
Hyperliquid vaults on the screen today
Vaults that met every published criterion in the latest run, sorted by score. Click a vault for the full record and its curve.
| Vault | Deposits | Return / yr | Max DD | Last 30d | History | Score |
|---|---|---|---|---|---|---|
| PF1screen | $557k | +49.4% | 7.3% | +1.4% | 1.3 y | 87 |
| 69 Jump Streetscreen | $373k | +51.8% | 9.4% | +7.2% | 1.7 y | 82 |
| +convexityscreen | $730k | +47.9% | 12.2% | -0.9% | 1.1 y | 70 |
| RedCoastscreen | $247k | +17.4% | 10.1% | +5.9% | 252 d | 67 |
| Symphonyscreen | $347k | +58.8% | 12.2% | +0.9% | 1.1 y | 62 |
| Quantitative Market Neutral Strategyscreen | $991k | +18.4% | 3.5% | +0.9% | 161 d | 62 |
| Edge & Hedgescreen | $709k | +17.7% | 23.6% | +9.1% | 308 d | 55 |
| AIQuantPulsescreen | $1.1M | +9.1% | 10.7% | -0.4% | 203 d | 52 |
| Black Opsscreen | $1.5M | +8.3% | 25.9% | +9.7% | 280 d | 51 |
What a Hyperliquid vault is
Hyperliquid runs two kinds of vaults. HLP, the Hyperliquidity Provider, is the exchange's own pool: depositors take the other side of traders, earn market-making spread, funding and liquidation income, and carry the losses when traders win. Operator vaults can be opened by any account; the operator trades the pooled capital and depositors share the result pro rata.
All vaults are denominated in USDC, so there is no price exposure to a pool asset — the return is the trading result.
Hyperliquid runs on its own layer-1. Operators of Hyperliquid vaults keep 10% of the profits; withdrawals wait 1 day. Hyperliquidity Provider (HLP) has a 4-day withdrawal lock.
How we measure them
Returns are flow-adjusted: deposits and withdrawals are removed, so the curve shows what one share earned. Max drawdown is measured on that share value, not on the account balance. Every figure is recomputed every four hours from Hyperliquid's public data and the daily snapshot is hashed, so earlier figures cannot be altered afterwards. The method is the same for all eight platforms; details are on the methodology page.
What to watch on Hyperliquid
Operator vaults can be closed by the operator, and single-day losses of 30–50% have happened on Hyperliquid more than once. The screen's drawdown limit, the stress-day column and the 'unnaturally smooth' check exist for exactly that.
Questions
What is the return of Hyperliquidity Provider (HLP)?
Hyperliquidity Provider (HLP) has returned +56.1% a year flow-adjusted over 3.4 y of history, with a maximum drawdown of 5.8%, as of 15 October 2026. $179.8M is deposited. The live figure and the curve are on its vault page.
Is Hyperliquidity Provider (HLP) safe?
Hyperliquidity Provider (HLP) is the counterparty to every trader on the exchange and loses when traders win. It has had sharp single-day losses in the past; its drawdown history and stress-day figures are on its vault page. No vault here is risk-free, and a past return is not a forecast.
How many Hyperliquid vaults are there?
We observe 149 Hyperliquid vaults with at least $25k deposited; 9 meet the published criteria on 15 October 2026 (at least 90 days of history, max drawdown under 30%, at least $250k deposited, a positive flow-adjusted return, open to depositors).
Which Hyperliquid vault has the best return?
Among Hyperliquid vaults with at least 90 days of history, Buyback Spread Engine has the highest annualised return at +1000.0% (max drawdown 58.0%). The screen sorts by score instead, which also weighs drawdown and consistency; PF1 leads it today. The full list with filters is on the All vaults page.
Largest Hyperliquid vaults by deposits
Every observed vault above $25k, largest first — including vaults that are not on the screen.
| Vault | Deposits | Return / yr | Max DD | Last 30d | History | Score |
|---|---|---|---|---|---|---|
| Hyperliquidity Provider (HLP) | $179.8M | +56.1% | 5.8% | +0.3% | 3.4 y | 93 |
| HLP Strategy X | $100.5M | +4.3% | 0.0% | +0.3% | 294 d | 52 |
| HLP Liquidator 2 | $30.0M | +192.2% | 0.8% | +0.0% | 1.5 y | 28 |
| Growi HF | $13.7M | +58.1% | 12.3% | +2.5% | 2.2 y | 89 |
| [ Systemic Strategies ] L/S Grids | $9.3M | +75.2% | 34.8% | -24.0% | 1.7 y | 40 |
| drkmttr | $7.8M | -2.6% | 67.9% | -22.6% | 301 d | 21 |
| DOUBLETOP Vault | $6.8M | +133.5% | 7.9% | +6.3% | 112 d | 34 |
| [ Systemic Strategies ] ♾️ HyperGrowth ♾️ | $5.9M | +166.3% | 40.5% | -13.1% | 1.1 y | 29 |
| BredoStrategy | $5.6M | +287.6% | 60.4% | +50.2% | 238 d | 29 |
| HLP Strategy A | $3.2M | +22.0% | 88.6% | +1.4% | 3.4 y | 8 |