Fade Board
High-volume wallets that are net down over the window, and what they still hold.
The tool runs at /fade and needs a $49.99/mo membership. There is no free tier and no trial, so opening it signed out lands on the pricing page rather than the board. This page is the open documentation of what it does.
The Fade Board ships with an unusual disclosure at the top of its own page: we tested the inverse of these wallets' settled trades and it came out negative. High-volume losers realise their winners and hold their losers, so their closed trades are not fadeable, and no simulated return is shown here because there is no edge to show.
What is left is the honest part, and it is still useful: who is down over the window you choose, how much volume they pushed to get there, and what they are still holding right now.
What the screen actually selects
It reads the public volume leaderboard for your window — week, month or all-time — keeps wallets whose window profit is worse than minus five hundred dollars, sorts them worst first, and takes the top twenty. That is a filter on net profit over a window, not a claim about skill, and the board is careful never to describe these wallets as cold streaks or bad traders.
The headline figures are the combined loss and combined volume of the listed wallets, which together say more than either alone: a large loss on enormous turnover is a different animal from the same loss on a small book.
The fade side, computed correctly
For each wallet the board reads its current positions, keeps those worth at least five hundred dollars whose price sits strictly between three and ninety-seven cents, and shows the largest. The row names the side the wallet holds and the side you would be taking against it.
That opposite side comes from the venue's own field rather than a Yes/No flip, which matters on categorical markets: the other side of Lakers is Field, not No. Getting that wrong would misdescribe the trade on every multi-outcome market on the board.
Why an empty position cell is not an empty book
Each wallet's position lookup is tracked independently, and a row whose lookup failed is marked as such rather than rendered as a wallet holding nothing. Without that distinction a dead upstream and a genuinely flat wallet look identical, and the board would be reporting an absence it never observed.
The board is cached for a few minutes, so the positions you see are recent rather than instantaneous.
What it is honestly good for
Three things. It shows which markets are absorbing a lot of losing volume, which is a liquidity observation. It gives a starting point for asking why a market keeps attracting capital that does not work out. And it is a useful counterweight to a leaderboard: the same public data that crowns winners also names who paid for it.
What it is not good for is a trade idea generator. If the inverse tested negative, then taking the other side of these positions as a rule is not a strategy, and this page will never say otherwise.
What it cannot tell you
Every tool has a boundary, and knowing where it sits is the difference between using one well and being misled by it. For Fade Board:
- There is no demonstrated edge here. The inverse-tail backtest of these wallets' settled trades tested negative, and this is a research screen rather than a signal.
- Window profit is not skill. A volume leaderboard is full of market makers and high-turnover accounts whose books are hedged in ways a profit column cannot show.
- One open position is not a thesis. The board shows a wallet's largest current holding, not its reasoning, its hedges, or the rest of its book.
- Polymarket only, because it requires public wallet-level positions.
- The selection is bounded to the public volume leaderboard's top rows, so it is the biggest visible losers, not all of them.
- Taking the other side of a loser is still taking a position. Nothing about their record makes your side right.
What it is built on
- Polymarket data-api /v1/leaderboard ordered by volume, for the high-turnover universe and each wallet's window profit.
- Polymarket data-api /positions for each selected wallet, including the venue's own opposite-outcome field for the fade side.
Related reading
- The Fade Board: Who Is Down on Polymarket, and What They Are Still Holding — Guide
- Counter-Trading: How to Read the Fade Board Without Fooling Yourself — Strategy
Tools that pair with it
Wallets ranked by repeatable skill, not bankroll or luck.
Traders whose week is beating their month.
Where tracked sharp capital leans, market by market.
WhaleTracks is informational analytics, not financial advice. Market data comes from Polymarket, Kalshi and Manifold's public APIs; WhaleTracks is not affiliated with any of them. Past performance does not guarantee future results.