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ONDO Long/Short Ratio (Hyperliquid)

How ONDO 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.

64.0% of the 472 tracked Hyperliquid ONDO positions are long (long/short ratio 1.78). By value, longs hold 50.4% ($33.74M long vs $33.14M short). Positions of $1.00M or more are 43.5% long by value.

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

Accounts long472 tracked
64.0% long
Ratio 1.78302 long · 170 short
Value longby size
50.4% long
Ratio 1.02$33.74M$33.14M
Whales long$1.00M+ positions
43.5% long
6 long · 10 short
Coverage of ONDO OItracked
39.8%
$66.88M tracked · $84.04M OI82.1% checked ≤ 15 min

ONDO long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 64.0%1.78
Hyperliquid (tracked)position value 50.4%1.02
Binanceaccounts 66.7%2.01
Bybitaccounts 74.6%2.93
Binance top tradersposition value 74.1%2.86

By position size

tracked ONDO positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K12463 66.3%$336K$155K 68.4%
$10K–$100K12861 67.7%$4.31M$2.19M 66.3%
$100K–$1M4436 55.0%$12.56M$9.35M 57.3%
$1M and up610 37.5%$16.53M$21.44M 43.5%

Largest tracked ONDO positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0xc63a…a3cd Long $7.33M 0.3921 $2.14M — — 5× cross 1 min ago
0x936c…bb0f Short $5.63M 0.5220 -$329K 2.952 +432.46% 3× cross 1 min ago
0x2ae2…78ae Long $3.74M 0.5561 -$12K — — 4× cross just now
0x7fda…17d1 Short $3.09M 0.5453 -$50K 7.174 +1194.10% 10× cross 1 min ago
0xb695…a92d Short $2.22M 0.5458 -$34K 6.911 +1146.60% 10× cross 1 min ago
0x92bb…9b6f Short $2.20M 0.5059 -$193K 1.494 +169.49% 10× cross just now
0xdf95…7d72 Short $1.98M 0.3863 -$599K 7.171 +1193.51% 10× cross 1 min ago
0x5647…e7de Short $1.61M 0.3649 -$549K 1.379 +148.74% 10× cross 1 min ago
0xbcd4…0dd2 Long $1.52M 0.5440 $28K — — 10× cross 1 min ago
0x58f0…0d20 Long $1.43M 0.5038 $131K — — 10× cross 1 min ago
0x0121…ed57 Long $1.41M 0.5081 $117K 0.4293 -22.57% 5× isolated 3 min ago
0x023a…2355 Short $1.38M 0.4225 -$327K 5.836 +952.79% 5× cross 1 min ago
0xd4c1…3d1d Short $1.23M 0.5287 -$57K 3.047 +449.71% 10× cross just now
0xbfc7…80b4 Short $1.11M 0.4000 -$309K 1.344 +142.40% 10× cross 1 min ago
0x8362…6f1d Long $1.11M 0.5101 $88K 0.5268 -4.97% 10× cross 1 min ago
0x45d2…4029 Short $1.00M 0.4484 -$191K 16.667 +2906.49% 10× cross 1 min ago
0x6555…e0b8 Long $968K 0.9920 -$764K — — 1× cross 27 min ago
0xaecf…6e1b Long $852K 0.5223 $49K 0.4458 -19.58% 10× cross 19 min ago
0x47f5…b942 Short $833K 0.3991 -$233K 1.567 +182.61% 10× cross just now
0x80b6…278b Long $781K 0.4726 $115K 0.3745 -32.45% 4× isolated 12 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$3.04B15 min29 min
C44,7273,288$215.43M4 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 ONDO 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.

ONDO Hyperliquid long/short ratio FAQ

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

The tracked ONDO positions add up to 39.8% of ONDO'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.