Summary
Bytwatch helps you research and simulate — it does not trade for you, and it does not promise you'll make money. This page explains, in plain language, what our numbers actually mean and where they fall short.
PaperRun is a simulation, not a track record
PaperRun replays a wallet's trading activity against capital you configure. It is a research tool for testing whether a strategy is realistic to follow — it is not a live trading feature, and a PaperRun result is not evidence of what a real account would have earned.
Simulated results do not represent actual trading and do not guarantee future performance. Every PaperRun page states this explicitly next to its numbers.
What PaperRun models — and what it can't fully capture
Each simulated fill accounts for: execution delay between the source event and Bytwatch receiving it, a slippage model, trading and funding fees, your configured position limits, and partial-fill behavior where relevant.
What it can't fully capture: real-time liquidity shocks, your exact queue position in an order book, and the behavioral reality of actually holding a losing position — simulation removes some of the friction and hesitation that real trading involves.
Board rankings aren't an endorsement
Wallets that appear on Board are ranked using performance, risk, and consistency filters we publish — they are not vetted, verified, or recommended by Bytwatch. A wallet with strong historical numbers can still lose money going forward, use leverage you wouldn't accept, or simply stop trading.
Data freshness & gaps
Wallet and market data can be delayed, incomplete, or briefly unavailable, especially during upstream outages on Hyperliquid or Polymarket. When that happens, we label the affected numbers as stale or unavailable rather than silently filling the gap with an estimate. A blank or delayed reading means exactly that — not zero, and not "everything is fine."
Hyperliquid and Polymarket carry different risks
Hyperliquid positions involve leverage, liquidation price, and funding-rate risk typical of perpetual futures. Polymarket positions involve prediction-market-specific risk: outcome settlement risk, resolution timing, and order-book liquidity that can be thin relative to position size. Bytwatch presents both under one product, but does not treat their risk profiles as interchangeable.
Not investment advice
Nothing on Bytwatch — a ranking, an alert, a PaperRun result — is individualized investment advice. You are responsible for your own trading and investment decisions and for understanding the risk of loss involved in derivatives and prediction markets before you act on anything you see here.
Report a data problem
If a number looks wrong, email support@bytwatch.io with the wallet, market, and what you expected to see — we track every report against our own data-quality checks.