Copy trading

Copy trading is closed. It will not open before the live record covers at least 90 days and passes its review. The strategy runs on a Binance Demo account and a Hyperliquid paper account, both on simulated money. This page describes how copying would work on each venue and what it would cost. Figures below refresh every 10 minutes.

BINANCEDemo account

Swarm Trend

DEMO

Binance Demo Trading, USDⓈ-M futures

Return since start, as of 13 Nov 12:10 UTC-11.27%

Max drawdown: -11.5%
Record since: 27 Sep 2026
Open positions: 0
Trades: 67

Trading on Binance Demo Trading (exchange order handling, simulated capital; fills and slippage come from the demo order book). Copy trading is closed. It will not open before the live record covers at least 90 days and passes its review.

HYPERLIQUIDPaper account

Swarm Trend

PAPER

Paper account, perpetual futures

Return since start, as of 13 Nov 12:10 UTC-11.50%

Max drawdown: -11.8%
Record since: 27 Sep 2026
Open positions: 0
Trades: 68

Paper account: fills are simulated at live Hyperliquid prices and no orders are sent. Every paper fill is charged as a taker (Hyperliquid fee plus 0.02% slippage); maker fills are never simulated. Copy trading is closed. It will not open before the live record covers at least 90 days and passes its review.

Current positions

BINANCESwarm TrendDEMO

Updated 13 Nov, 12:10 UTC

Equity: 4,436.13 USDT
Unrealized PNL: +0.00
Margin in use: 0.00
Exposure: 0.00× equity
Return since start: -11.27%

Positions (0)Open orders (0)Trade history

Symbol	Size	Value (USDT)	Entry price	Mark price	Margin	PNL (USDT)	TP / SL
No open positions

Symbol	Type	Side	Trigger	Amount	Reduce only
No open orders

Time (UTC)	Symbol	Side	Price	Quantity	Realized PNL	Role
05 Nov 00:00	SOLUSDT	Buyclose	95.690	10.89	+14.05	Taker
04 Nov 16:00	XRPUSDT	Buyclose	1.317	926	-66.58	Taker
04 Nov 16:00	ETHUSDT	Buyclose	2,425.6	0.511	-88.06	Taker
04 Nov 16:00	DOGEUSDT	Buyclose	0.07722	15,919	-33.49	Taker
02 Nov 20:01	DOGEUSDT	Selladd	0.07367	4,742	—	Taker
30 Oct 12:01	DOGEUSDT	Sellopen	0.07573	11,177	—	Taker
30 Oct 08:01	SOLUSDT	Sellopen	96.980	10.89	—	Taker
30 Oct 04:01	XRPUSDT	Sellopen	1.245	926	—	Taker
30 Oct 00:01	ETHUSDT	Sellopen	2,253.2	0.511	—	Taker
29 Oct 16:00	ETHUSDT	Buyclose	2,368.3	0.507	-30.73	Taker
29 Oct 16:00	ADAUSDT	Buyclose	0.20630	5,242	-46.65	Taker
29 Oct 08:00	ADAUSDT	Sellopen	0.19740	5,242	—	Taker

Binance Demo Trading: exchange matching and order handling, simulated capital. Fill prices and slippage come from the demo order book. Cross margin, leverage set to 5×. At the exposure shown, no position is close to a liquidation price. A stop order rests on the exchange for each position.

HYPERLIQUIDSwarm TrendPAPER

Updated 13 Nov, 12:10 UTC

Equity: 8,849.84 USDT
Unrealized PNL: +0.00
Margin in use: 0.00
Exposure: 0.00× equity
Return since start: -11.50%

Positions (0)Open orders (0)Trade history

Symbol	Size	Value (USDT)	Entry price	Mark price	Margin	PNL (USDT)	TP / SL
No open positions

Symbol	Type	Side	Trigger	Amount	Reduce only
No open orders

Time (UTC)	Symbol	Side	Price	Quantity	Realized PNL	Role
05 Nov 00:00	SOLUSDT	Buyclose	95.605	21.77	+33.23	Taker
04 Nov 16:00	XRPUSDT	Buyclose	1.319	1,851	-139.40	Taker
04 Nov 16:00	ETHUSDT	Buyclose	2,431.0	1.0227	-185.15	Taker
04 Nov 16:00	DOGEUSDT	Buyclose	0.07756	31,830	-76.27	Taker
02 Nov 20:01	DOGEUSDT	Selladd	0.07379	9,481	—	Taker
30 Oct 12:01	DOGEUSDT	Sellopen	0.07575	22,349	—	Taker
30 Oct 08:01	SOLUSDT	Sellopen	97.132	21.77	—	Taker
30 Oct 04:01	XRPUSDT	Sellopen	1.244	1,851	—	Taker
30 Oct 00:00	ETHUSDT	Sellopen	2,249.9	1.0227	—	Taker
29 Oct 16:00	ETHUSDT	Buyclose	2,369.6	1.0156	-64.63	Taker
29 Oct 16:00	ADAUSDT	Buyclose	0.20652	10,485	-94.16	Taker
29 Oct 08:00	ADAUSDT	Sellopen	0.19754	10,485	—	Taker

Paper account: fills simulated at live Hyperliquid prices, with hourly funding charged. Every paper fill is charged as a taker (Hyperliquid fee plus 0.02% slippage); maker fills are never simulated. Cross margin, leverage set to 5×. At the exposure shown, no position is close to a liquidation price. A stop order rests on the exchange for each position.

Venue comparison

	Binance	Hyperliquid
Mechanism	Copy trading: each order on the lead portfolio is replicated in the copier's account	Vault: deposits are pooled in USDC and traded as one account
Custody	Funds stay in the copier's own Binance account; copying can be stopped at any time	On-chain vault; withdrawals subject to the vault's lock-up
Reporting	Positions and history on the lead portfolio page and on this site	Every position and fill on-chain, and on this site
Copier's costs	The copier's own trading fees plus the lead's profit share	The vault leader's profit share, charged on profit only
Order sizes	Below about $1,000, too many copied orders fall under Binance's minimum size	No order-size constraint for depositors
Status	Closed; running on Binance Demo Trading	Closed; running as a paper account

How each venue handles a copy

On Binance

A Binance lead portfolio is followed from Futures → Copy Trading.
In fixed ratio mode each copied position is sized in proportion to the copier's allocation, as the lead's is to its equity.
A total stop-loss on the copy is a limit set by the copier, separate from the stop the strategy keeps on every position.
Below about $1,000, too many copied orders fall under Binance's minimum order size and the copy drifts from the lead.

On Hyperliquid

A vault is joined by connecting a wallet and depositing USDC.
Deposits from all holders are pooled and traded as a single account.
Withdrawals are subject to the vault's lock-up period, which is stated on the vault page.
Positions and fills are recorded on-chain and can be inspected by anyone.

Costs

Profit share: the Binance lead trader or Hyperliquid vault leader takes a percentage of profit, charged only when there is profit. No rate is set for this strategy, since copy trading is closed.
Trading fees: on Binance, copied orders pay the copier's own exchange fees. In the backtest, trading costs came to about 3% of equity a year and funding to about 2.7%. Cost study.
Referral links: none is published on this site. A link marked as a referral link would earn us a commission, paid by the exchange out of its fees, with the account holder's fees unchanged. Disclosure.

When copying is unsuitable

The money may be needed within a year. Trend strategies go through long flat periods; in the backtest, 2025 returned about 6%.
A 20% loss would lead the copier to stop. The backtest's maximum drawdown was 18.8%, and a live drawdown can be deeper.
The Binance allocation would be below about $1,000. Too many orders fall under the exchange's minimum and the copy drifts from the lead portfolio. Analysis.
Crypto futures or copy trading are restricted where the copier lives. Several jurisdictions limit access to one or both.