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AR Long/Short Ratio (Hyperliquid)

How AR traders on Hyperliquid are positioned: tracked accounts long vs short, position value long vs short, the split by position size and the largest positions, from real on-chain positions. Compare it with the Binance and Bybit ratios below.

38.8% of the 134 tracked Hyperliquid AR positions are long (long/short ratio 0.63). By value, longs hold 52.2% ($3.33M long vs $3.05M short). Positions of $1.00M or more are 100.0% long by value.

44,562 positions in 10,109 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 00:50 UTC

Accounts long134 tracked
38.8% long
Ratio 0.6352 long · 82 short
Value longby size
52.2% long
Ratio 1.09$3.33M$3.05M
Whales long$1.00M+ positions
100.0% long
1 long · 0 short
Coverage of AR OItracked
43.7%
$6.38M tracked · $7.30M OI87.2% checked ≤ 15 min

AR long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 38.8%0.63
Hyperliquid (tracked)position value 52.2%1.09
Binanceaccounts 55.0%1.22
Bybitaccounts 60.6%1.54
Binance top tradersposition value 66.2%1.96

By position size

tracked AR positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K3446 42.5%$59K$73K 44.8%
$10K–$100K1127 28.9%$324K$837K 27.9%
$100K–$1M69 40.0%$1.73M$2.14M 44.7%
$1M and up10 100.0%$1.22M$0 100.0%

Largest tracked AR positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0xe6e0…ae71 Long $1.22M 4.477 $56K — — 5× cross just now
0xcb58…2c7b Long $891K 2.475 $421K — — 5× cross just now
0x7717…bd7e Short $548K 4.656 -$4,182 45.764 +875.35% 5× cross just now
0x8825…2cb7 Short $389K 4.671 -$1,735 13.382 +185.21% 5× cross 5 min ago
0x8cc9…2b6a Short $249K 4.724 $1,727 90.564 +1830.17% 5× cross just now
0x6b06…9b7c Long $247K 4.650 $2,225 — — 5× cross 6 min ago
0x1856…08ae Short $240K 4.655 -$1,894 22.329 +375.90% 5× cross 8 min ago
0x5740…a9da Long $211K 2.628 $93K — — 5× cross 17 min ago
0x661c…da48 Short $207K 4.580 -$4,963 6.065 +29.26% 3× cross 10 min ago
0x641e…b6c8 Short $181K 4.522 -$6,581 24.226 +416.32% 5× cross 9 min ago
0xb2ae…59f9 Long $142K 4.978 -$8,659 — — 5× cross 3 min ago
0x7345…b404 Long $131K 2.632 $58K — — 5× cross 8 min ago
0x023a…2355 Short $120K 2.293 -$61K 514.40 +10863.25% 5× cross just now
0x8793…0cd9 Long $102K 4.581 $2,425 0.1307 -97.21% 5× cross 14 min ago
0x472c…bf4b Short $102K 2.909 -$39K 50.751 +981.65% 3× cross 5 min ago
0x258a…ff03 Short $101K 4.821 $2,757 147.90 +3052.11% 5× cross just now
0xd33c…bdf2 Short $82K 2.403 -$40K 9.101 +93.97% 5× cross 23 min ago
0xa38f…dccf Short $70K 4.938 $3,678 68.405 +1357.90% 5× cross 5 min ago
0xae43…478d Short $65K 4.725 $453 15.643 +233.40% 3× cross 7 min ago
0x97a1…8f8b Long $56K 4.390 $3,607 4.156 -11.43% 5× cross 3 h ago

Tracker coverage and freshness

all Hyperliquid perps · 44.5% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.35B60 s60 s
B3,0003,000$2.99B15 min29 min
C45,4436,809$343.57M4 h14 h

Tier A is the 300 wallets with the largest positions; B the next ones; C everyone else. Hyperliquid's API rate limit decides how often the smaller tiers can be checked, so their actual cycle can be longer than the target. Coverage is tracked value ÷ (2 × Hyperliquid open interest); 37.8% was checked in the last 15 minutes. Wallets not checked for 48 hours are left out of this page.

How to read it. The accounts figure counts each tracked account with an open AR position once; the value figure weighs positions by size. Binance and Bybit publish their own ratios for all their users; the Hyperliquid figures here are computed from the public positions of the wallets this site tracks. Not financial advice.

AR Hyperliquid long/short ratio FAQ

How is the Hyperliquid AR long/short ratio calculated?

From the real open positions of the Hyperliquid wallets this site tracks. The accounts ratio counts every account with an open position once: the number of accounts long divided by the number short. The value ratio weighs positions by size at the mark price, so a few large traders can outweigh many small ones.

How is it different from the Binance or Bybit long/short ratio?

Binance and Bybit publish their own ratios; you have to trust their numbers. Hyperliquid is an on-chain exchange, so its positions are public and this ratio is computed directly from them. It covers the wallets this site tracks, not every account, so it is a large sample rather than the full market.

How much of AR open interest does this cover?

The tracked AR positions add up to 43.7% of AR's open interest on Hyperliquid (tracked long plus short value divided by twice the open interest, since every long has a matching short).

How often does it update?

The positions are reloaded every 2 minutes. The 300 largest wallets are re-checked every minute, smaller ones every few hours, and wallets not checked for 48 hours are left out.

Is a high long/short ratio bullish?

Not on its own. Crowded positioning can unwind sharply: a market where most accounts are long can fall fast if those longs are forced to sell. Compare the accounts ratio with the value ratio to see whether the crowd and the large traders agree. This is market data, not financial advice.