Smart Money Discovery: Early Movers and High-Signal Wallets

Find high-signal wallets by screening leaderboards, then validating behavior using cohort tilt and crowding metrics.

The Smart Money Discovery is a structured research workflow. Users want answers to “who matters,” but they also want to know why. You start broad with leaderboards to gather candidates. Performance, consistency, and capital base all matter, so you typically combine endpoints like perp PnL, all PnL, average daily perp PnL, rich list, and top claimed.

Once you have candidates, you apply filters and heuristics, then validate their behavior with cohort analytics. Cohorts and bias data help you understand whether the market is shifting and which groups are moving first. Heatmaps and positions-by-coin aggregates show where crowding is building. The key product move here is explanation: every shortlisted wallet should come with 2 to 4 specific reasons such as consistency, early tilt in a coin where cohorts are building, or alignment with a segment that historically leads.

Finally, you let users favorite shortlisted wallets so discovery turns into monitoring.

Necessary Rest API:

• Get PERP PnL Leaderboard (rank wallets by perp PnL over day, week, month, or all-time with full equity and exposure snapshot per wallet)

• Get PERP PnL Leaderboard (Download Link) (download the full leaderboard for a given period as a file — useful for bulk candidate pipeline building offline)

• Get Wallets (get a paginated, filterable list of all wallets — the primary discovery surface for screening by segment, address, and position status)

• Get Cohorts (get all cohort definitions and the criteria that segment wallets into groups)

• Get Cohort Bias (get the 12-hour long/short bias trend for each cohort in 2-hour intervals — identify which groups are moving directionally first)

• Get Positions Heatmap (get a cross-market overview of open positions by coin and cohort including long/short split and bias — surface where crowding is building)

• Get Position Metrics by Coin (get aggregated position metrics for a specific coin over a time window — replaces Get Per-Coin Analytics)

Necessary HL Info Endpoints:

• meta (get the entire list of tradeable perp assets)

Optional Rest API:

• Get User Fills (get trade execution history for a candidate wallet — validate entry timing, consistency, and whether positions were opened before or after crowd movement)

• Get All Positions (Opened/Closed) (pull full position history for a shortlisted wallet to assess coin selection and leverage behavior)

• Get Total Wallets Equity Chart (Download File) (download historical equity breakdown across perp, spot, staking, and vault — assess whether a candidate's equity trend is consistent or erratic)

Optional HL Info Endpoints:

• openOrders (show the current open orders for an account)

• frontendOpenOrders (show the current open orders with frontend views)

• clearinghouseState (get an overview of the user's perp trading stats)

• perpsAtOpenInterestCap (get the perp tickers that have hit open interest limits on a given DEX)

An example of how a self-made Smart Money screener using the Smart Money Discovery would look like: