Professional trade analytics for perp traders.

Your PnL is not
your performance.

Hyperliquid and Lighter are execution venues, not analytics products. They give you a realized number and a win rate because that's all a matching engine needs to show. Neither tells you whether your edge is real, how much of it was luck, where your execution leaks, or what your behaviour costs.

Your exchange gives you3

Realized PnL
Win rate
Volume traded

Three numbers. None of them answer whether you should keep trading this way.

What decides whether you survive16

Expectancy per tradeBreak-even win rateWin-rate intervalR-multiple spreadLuck concentrationKelly vs. your sizeMFE captureAdverse excursion

All-in cost per $1kFunding by marketLoser vs winner sizeHold-time asymmetryRevenge-trade costOvertrading cliffLeverage driftPosition correlation

Expectancy per tradein dollars and in R
Break-even win rate50% is the wrong bar
Win-rate intervalis the edge even measurable
R-multiple spreadnot an average
Luck concentrationprofit share from your best 3
Kelly vs. your sizehow oversized you are
MFE captureshare of the move you took
Adverse excursionheat before it worked
All-in cost per $1kcomparable across traders
Funding by marketthe silent position tax
Loser vs winner sizethe classic account killer
Hold-time asymmetrydisposition effect, quantified
Revenge-trade costpriced in dollars
Overtrading cliffwhere more trades stop helping
Leverage driftsize up as conviction drops
Position correlationfive tickers, one bet

Every one of these is computed from fills your venue already has.

Read-only. No wallet connection, no signing.

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Your PnL is notyour performance.

Your PnL is not
your performance.