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GRAM Long/Short Ratio (Hyperliquid)

How GRAM 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.

51.4% of the 179 tracked Hyperliquid GRAM positions are long (long/short ratio 1.06). By value, longs hold 48.3% ($26.17M long vs $27.96M short). Positions of $1.00M or more are 48.1% long by value.

22,654 positions in 3,909 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 18:08 UTC

Accounts long179 tracked
51.4% long
Ratio 1.0692 long · 87 short
Value longby size
48.3% long
Ratio 0.94$26.17M$27.96M
Whales long$1.00M+ positions
48.1% long
8 long · 8 short
Coverage of GRAM OItracked
42.0%
$54.13M tracked · $64.45M OI74.7% checked ≤ 15 min

GRAM long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 51.4%1.06
Hyperliquid (tracked)position value 48.3%0.94
Binanceaccounts 70.7%2.41
Bybitaccounts 76.4%3.24
Binance top tradersposition value 71.4%2.50

By position size

tracked GRAM positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K1524 38.5%$47K$63K 42.9%
$10K–$100K4124 63.1%$1.98M$894K 68.9%
$100K–$1M2831 47.5%$9.90M$11.65M 45.9%
$1M and up88 50.0%$14.25M$15.36M 48.1%

Largest tracked GRAM positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0xfe7c…b7ae Short $4.70M 1.536 -$385K 5.679 +239.49% 5× cross just now
0xeadc…9d55 Long $3.39M 1.578 $192K — — 5× cross just now
0xf48d…cd54 Short $2.34M 1.454 -$307K 2.987 +78.53% 2× cross 6 min ago
0x64b7…9da9 Long $1.96M 1.411 $307K — — 5× cross just now
0x7fda…17d1 Short $1.74M 1.426 -$256K 34.689 +1973.59% 5× cross just now
0x153c…319a Long $1.67M 1.505 $168K — — 5× cross just now
0xce80…a328 Short $1.66M 1.613 -$59K 1.761 +5.24% 5× isolated 23 min ago
0x106b…1899 Long $1.65M 1.618 $54K 1.051 -37.19% 5× cross 28 min ago
0x11be…8b1d Long $1.61M 1.419 $245K 1.267 -24.28% 5× isolated 22 min ago
0x936c…bb0f Short $1.60M 1.599 -$70K 28.310 +1592.26% 3× cross just now
0x09f9…dc1c Long $1.42M 1.479 $164K 1.221 -27.02% 5× cross 6 min ago
0x007a…cdf1 Long $1.41M 1.463 $176K 0.9821 -41.30% 5× cross 25 min ago
0xb695…a92d Short $1.17M 1.419 -$178K 38.474 +2199.86% 5× cross just now
0x023a…2355 Short $1.14M 1.464 -$142K 21.227 +1168.89% 5× cross just now
0x03ba…2bb8 Long $1.13M 1.475 $134K 1.318 -21.19% 5× isolated 14 min ago
0xbfc7…80b4 Short $1.00M 1.444 -$137K 4.434 +165.06% 5× cross just now
0x0502…3a51 Long $870K 1.458 $112K 1.298 -22.41% 5× isolated 17 min ago
0x83b8…a14a Long $838K 1.437 $118K 1.039 -37.87% 5× cross 15 min ago
0x0089…2410 Long $802K 1.426 $118K — — 5× cross 21 min ago
0xe065…0f85 Short $773K 1.379 -$136K 3.321 +98.50% 5× cross just now

Tracker coverage and freshness

all Hyperliquid perps · 42.0% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.39B60 s60 s
B3,0003,000$2.71B15 min36 min
C44,389612$9.68M4 h18 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); 36.4% 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 GRAM 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.

GRAM Hyperliquid long/short ratio FAQ

How is the Hyperliquid GRAM 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 GRAM open interest does this cover?

The tracked GRAM positions add up to 42.0% of GRAM'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.