Accounting and rewards
Reconcile trading results separately from provisional rewards.
Always compare the same network, account scope, time period and quote currency. Equity, balance, available collateral and withdrawable funds answer different questions.
At a glance
Why It Matters
What traders and researchers should take away
- Realized PnL is not unrealized PnL, and deposits are not trading profit.
- Points and referral estimates are not a payable or withdrawable balance.
How it works
What the product uses behind the scenes
- Referral estimates use later verified Omni builder-export fills, not accepted orders or inferred fees.
Notes
Things to know
- Coverage and reconciliation can lag; missing evidence is not a verified zero.
- HIP-3 and spot fill counts can be attributed while their quote-asset conversion remains excluded from dollar rebate estimates.
Guide
Steps
- Choose a comparable period
Check account and network, selected time range and reporting currency. Review realized and unrealized PnL, fees, funding and cash flows separately before comparing totals.
- Review Points
Open Points for the selected linked wallet and inspect the stated coverage. Treat displayed points as provisional; they do not guarantee a token, entitlement or financial return.
- Generate or apply a referral
Open Referrals while signed in with a linked wallet. Generate a code to share, or preview the terms before Apply code. Applying a code permanently binds that wallet for eligible future fills; it does not rewrite past trading.
- Understand estimates
The trader estimate is a percentage of actual eligible Omni builder fees; the owner estimate is basis points of eligible volume, capped by the remaining observed fee after the trader rebate. These are tracked estimates, not automatic transfers or approved payouts.
Next
Open the workflow
- View Points Review provisional activity and coverage.
- View Referrals Review terms before any irreversible wallet binding.
Read each balance for its purpose
A profitable position does not make every asset immediately spendable.
- Equity includes account value and relevant unrealized results; available collateral reflects current margin constraints.
- Withdrawable funds can be lower than equity or available trading collateral. Use the withdrawal flow’s validated amount.
- Compare performance only over the same period and scope, including fees, funding and transfers; do not count a deposit as return.
Referral eligibility is narrower than volume displayed
Only reconciled eligible records contribute to estimates.
- Omni codes are separate from Hyperliquid’s own referral program and do not change exchange fee settings.
- Self-referral and applying another code to an already bound wallet are rejected. Terms lock at first use; an owner cannot silently change them afterward.
- Only standard USDC-margined perp fills currently contribute to dollar estimates. Verification delays and excluded quote assets should be checked before interpreting an empty total.
References
Implementation references
Performance period definitions
omni-terminal/docs/PERFORMANCE_PERIODS.mdDefines period and accounting boundaries.
Referral attribution rules
omni-terminal/docs/OMNI_REFERRALS.mdDocuments verified-fill eligibility, quote limits and estimate-only status.