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HYPE Long/Short Ratio (Hyperliquid)

How HYPE 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.

61.7% of the 2,149 tracked Hyperliquid HYPE positions are long (long/short ratio 1.61). By value, longs hold 54.4% ($864.66M long vs $725.70M short). Positions of $1.00M or more are 53.7% long by value.

33,864 positions in 6,594 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 20:40 UTC

Accounts long2,149 tracked
61.7% long
Ratio 1.611,326 long · 823 short
Value longby size
54.4% long
Ratio 1.19$864.66M$725.70M
Whales long$1.00M+ positions
53.7% long
113 long · 99 short
Coverage of HYPE OItracked
42.0%
$1.59B tracked · $1.89B OI84.3% checked ≤ 15 min

HYPE long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 61.7%1.61
Hyperliquid (tracked)position value 54.4%1.19
Binanceaccounts 60.8%1.55
Bybitaccounts 72.0%2.57
Binance top tradersposition value 59.8%1.49

By position size

tracked HYPE positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K277144 65.8%$1.01M$616K 62.0%
$10K–$100K543282 65.8%$24.55M$14.06M 63.6%
$100K–$1M393298 56.9%$129.74M$100.53M 56.3%
$1M and up11399 53.3%$709.36M$610.48M 53.7%

Largest tracked HYPE positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x082e…ca88 Long $126.66M 38.675 $73.29M 76.180 -17.00% 5× cross 1 min ago
0xb83d…6e36 Short $66.18M 67.480 -$17.52M 242.10 +163.78% 5× cross 1 min ago
0x5b5d…c060 Short $61.38M 70.182 -$14.45M 305.18 +232.51% 5× cross 1 min ago
0xf02d…54c6 Short $42.09M 83.393 -$3.85M 133.51 +45.47% 5× cross 1 min ago
0x6666…23f5 Long $41.30M 39.811 $23.39M 42.527 -53.67% 10× cross 1 min ago
0x45d2…4029 Short $39.75M 28.793 -$27.28M 158.68 +72.88% 10× cross 1 min ago
0x37b8…1fd5 Short $25.21M 65.410 -$7.25M 112.90 +23.01% 10× cross 1 min ago
0xdd53…2b13 Short $24.97M 73.579 -$4.95M 211.02 +129.91% 3× cross 1 min ago
0x7d54…2794 Long $24.57M 76.957 $3.97M 41.012 -55.32% 5× cross 1 min ago
0xa9b9…3bbd Long $22.90M 39.634 $13.01M 47.283 -48.48% 10× cross 1 min ago
0xf02d…5eb3 Short $22.44M 74.578 -$4.21M 121.20 +32.06% 10× cross 1 min ago
0x939f…04d2 Short $22.27M 63.948 -$6.76M 109.48 +19.28% 5× cross 1 min ago
0x152e…c9dc Long $20.74M 61.138 $6.93M — — 5× cross 1 min ago
0x020c…5872 Long $20.10M 93.073 -$283K 65.372 -28.78% 10× cross just now
0x62f8…02e6 Long $19.64M 82.872 $1.91M 86.796 -5.43% 10× cross 1 min ago
0x15b3…3a42 Long $18.43M 70.302 $4.31M 28.182 -69.29% 5× cross 1 min ago
0x6660…aafe Long $18.40M 69.441 $4.48M 40.808 -55.54% 5× cross just now
0x9321…d75a Long $18.36M 72.659 $3.82M 31.088 -66.13% 10× cross 1 min ago
0xcfe2…8fb3 Long $18.36M 79.000 $2.56M — — 10× cross 1 min ago
0x9546…181c Long $18.36M 80.675 $2.22M 85.939 -6.37% 10× cross 1 min ago

Tracker coverage and freshness

all Hyperliquid perps · 43.9% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.40B60 s60 s
B3,0003,000$3.03B15 min29 min
C44,7283,319$218.09M4 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); 37.6% 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 HYPE 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.

HYPE Hyperliquid long/short ratio FAQ

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

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