Vault Manager Analytics
How the best qualified Hyperliquid vault managers are positioned right now, how that positioning is changing, how much risk they are taking, and whether capital is flowing in or out. Every position is measured as a share of the manager's own TVL, so a small manager counts as much as a large one.
Cohort
Strategy
Period
Mean net exposure
+37.5%
Median net exposure
+10.1%
Mean gross exposure
47%
Effective leverage
0.77x
Margin utilization
10%
Exposure over time
Manager-weighted net and gross exposure as a share of TVL.
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Mean netMedian netMean grossMedian grossR — daily rebalancing (00:05 UTC)2026-09-17 → 2026-10-17
Leverage and margin
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Effective leverage (x)Margin utilization (%)R — daily rebalancing (00:05 UTC)2026-09-17 → 2026-10-17
Manager activity
Share of managers that changed a position size materially in the preceding hour, and the share classified as directional.
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Active managersDirectional managersR — daily rebalancing (00:05 UTC)2026-09-17 → 2026-10-17