HLP (Hyperliquidity Provider vault)
HLP is the protocol vault of Hyperliquid.
Definition
HLP is the protocol vault of Hyperliquid. It makes markets, performs liquidations and accrues part of the fees, with money deposited by many users. Its strategies run in child vaults; together they are one account for every number on this page.
In one sentence: HLP: Hyperliquid’s protocol vault. It makes markets, performs liquidations and accrues part of the fees, with money deposited by many users.
Current data · all markets
updated 14m ago (2026-11-05 09:58 UTC)| HLP | value |
|---|---|
| account value | $151M |
| APR (as Hyperliquid reports it) | −0.1% |
| PnL, last 24 hours | $29K |
| PnL, last 7 days | -$343K |
| PnL, last 30 days | $104K |
| PnL, all time | $139M |
From the data shown above: First row: account value, value $151M.
How we compute it
Formula
drawdown event = HLP cumulative PnL ≥ 2 % of account value and ≥ $3M below its 24-hour high
net position in a coin = Σ positions of HLP’s child vaults- Every 15 minutes the collector reads vaultDetails of HLP and the positions (clearinghouseState) of its child vaults: account value, PnL over day, week, month and all time, APR.
- The PnL history is the vault’s own (deposits and withdrawals do not move it). A security event fires when the cumulative PnL drops 2 % of the account value and $3M or more below its 24-hour high.
- HLP and its child vaults are left out of the trader leaderboard and smart money: they are pooled money, not one trader.
How to read it
- A falling PnL line while the market moves fast shows HLP taking the other side of liquidations or trades at a loss.
- Account value moves with deposits and withdrawals; PnL does not.
Common mistakes
- Reading a drop in account value as a loss. Withdrawals lower the account value too; the PnL line shows the result of trading.
Honest limits
- Values are as Hyperliquid reports them in vaultDetails; the collector does not recompute them.
- Between two reads (15 minutes) a fast move is not seen.
Questions and answers
Why is HLP not on the trader leaderboard?
HLP is a vault with money from many depositors, and its child vaults belong to it. The leaderboard and smart money list single trading accounts only.
Use it live
Step by step
API
Not in the REST API yet.
Every key uses the data of its plan; see the developer docs for parameters and examples. Developers · API docs
Plan availability
- Free: every coin, current values and 30 days of history.
- Pro and above: history up to 1095 days, CSV export.
Terms defined here
HLP (Hyperliquidity Provider)
Data as of 2026-11-05 09:58 UTC. Methodology. Facts from public data. Not investment advice. · Report incorrect data