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For every perpetual market, the trading terminal includes market intelligence tabs built from live trader data: Top Traders, Cohorts, Position Changes, and Current TWAPs. Use them to see who is positioned where, and who is moving the market right now.

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Cohorts

For the selected market, each trader group shows three breakdowns: long versus short notional, the number of traders long versus short, and how many are in profit versus at a loss on unrealized PnL. A global row aggregates every trader in the market, then two cohort families segment it: PNL cohorts (Extremely Profitable down to Rekt, by all-time PnL) and size cohorts (Kraken down to Shrimp, by wallet size). The exact range for each cohort is shown next to its name in the app. Click any cohort to open its detail page: total value, PnL, wallet count, positioning across all major markets, a historical positioning chart, and the list of wallets in the cohort, each of which you can track.
Cohort participation is only tracked on perpetual markets. Spot markets show a Holders view instead of Top Traders and no cohort data.

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Top Traders

The largest positions on the pair, with each trader’s entry price, liquidation price, notional size, unrealized PnL, funding paid, account value, and copy score. Filter to longs only, shorts only, or all, and track any trader straight from the table.

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Position Changes

How trader positions changed over a selected window: 15 minutes, 1 hour, 4 hours, 24 hours, 3 days, or 7 days (default 15 minutes). Each row shows the previous position, the change, and the current position, filterable to longs or shorts. This is the fastest way to see which traders are behind a large recent move.

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Current TWAPs

Traders with active TWAP orders on the pair you are viewing: side, total size, executed size, remaining size, value, progress, time, and status. For the order type itself, see TWAP.