What the large accounts are actually holding.
Whale positioning is free on Basis and needs no account. It reads current public Hyperliquid perpetual positions for a frozen, research-screened cohort and reports consensus, agreement and concentration rather than a single account’s trade.
What you get
- Account-normalised consensus: net direction across the cohort, weighted so one enormous wallet cannot speak for everybody
- Participation — how many of the cohort hold the symbol at all, which decides whether a consensus means anything
- Agreement, separating "they all lean long" from "two are long and three are flat"
- Effective wallet count and single-wallet concentration, so a crowded reading and a one-account reading are distinguishable
- Recent fills for the symbol you are looking at, on request
Why this is usually paid for
Whale tracking is usually sold as an alert feed: a name, a size, a direction, and a subscription. The data underneath is public — Hyperliquid publishes perpetual positions — so the product being sold is the watchlist and the packaging.
The cohort here is frozen and screened in advance rather than assembled from whoever is largest today, because a list that updates to follow size ends up tracking whoever most recently got lucky.
How to use it
- 1
Read participation before consensus
A 90% long consensus across two accounts is two accounts. The participation figure says how much of the cohort is in the symbol at all, and a consensus over a small slice of it is not a cohort view.
- 2
Check concentration next
Single-wallet concentration says how much of the reading is one position. High concentration means you are looking at one trader with a strong opinion, which is a different thing from agreement and should not be reported as it.
- 3
Treat it as one evidence family
Positioning is what a group of accounts currently holds, not what they are about to do, and large accounts are wrong regularly and expensively. Read it beside order flow and derivatives rather than in place of them.
- 4
Watch changes, not levels
A cohort that has been long for weeks tells you little. A cohort that flipped while price did not is the observation worth having, and it is only visible if you looked before.
Questions
Is the whale tracker free?+
Yes, with no account and no trial. The underlying positions are public data that Hyperliquid publishes, and Basis has no paid tier for a feature to sit behind.
Whose positions am I seeing?+
A frozen cohort of accounts screened in advance for size and consistency, not simply whoever is largest right now. The list does not chase the current leaderboard, because a list that follows size ends up following whoever last got lucky rather than whoever is any good.
Does this show every whale in crypto?+
No. It is one venue — Hyperliquid perpetuals — and one cohort within it. Positions held on other exchanges, in spot, or off-chain are invisible to it, so treat it as a sample of large positioning rather than a census of it.
Should I copy what the whales are doing?+
No, and the data will not support it. You see a position without its entry, its size relative to that account’s capital, its hedges elsewhere, or its intended holding period. Copying a position you cannot see the risk of is not the same trade.
How current is it?+
It reads live public positions when you ask, so it reflects the state at that moment rather than a scheduled snapshot. Positions can change between one reading and the next, which is exactly why changes are more informative than levels.
Open it and see
The chart opens with this already turned on. Nothing to configure, nothing to sign up for.
Open the chartAlso free
Updated 2026-08-28 · All free tools · Indicator reference · Documentation · Terminal