What to look for in a trader
Sharpe ratio above 2.0 indicates the trader is generating consistent risk-adjusted returns. Anything below 1.0 is largely noise.
Max drawdown below 20% means the worst peak-to-trough decline has been manageable. Above 40% means you might lose half your capital in a bad week.
Holding period tells you the strategy style. Sub-1-day = high frequency, you will pay more in fees and need lower latency. 7+ days = swing, more comfortable for retail.
Number of fills > 50 is the minimum for statistical significance. Anything less is one or two lucky trades, not a strategy.
Risk profile presets
Conservative: max position 20% of equity, stop-loss 10%, slippage 30 bps, allowlist top 5 traders. Aimed at preserving capital first.
Balanced: max position 40%, stop-loss 15%, slippage 50 bps, broader trader pool. Default for most users.
Aggressive: max position 80%, stop-loss 30%, slippage 100 bps. For users who want maximum upside and accept volatility.
What you pay
No monthly subscription, no withdrawal cost, no platform charge.
Hyperliquid charges its own exchange fees on every fill — those are paid directly to Hyperliquid and are independent of whale.ag.
whale.ag's current rates and the full schedule are documented at docs.whale.ag.