Volume Monitor
Live crypto data · 8 exchanges

PENDLE Long/Short Ratio (Hyperliquid)

How PENDLE 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.

63.4% of the 268 tracked Hyperliquid PENDLE positions are long (long/short ratio 1.73). By value, longs hold 52.4% ($6.08M long vs $5.52M short). Positions of $1.00M or more are 67.8% long by value.

46,424 positions in 10,564 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 03:58 UTC

Accounts long268 tracked
63.4% long
Ratio 1.73170 long · 98 short
Value longby size
52.4% long
Ratio 1.10$6.08M$5.52M
Whales long$1.00M+ positions
67.8% long
2 long · 1 short
Coverage of PENDLE OItracked
39.1%
$11.60M tracked · $14.85M OI70.5% checked ≤ 15 min

PENDLE long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 63.4%1.73
Hyperliquid (tracked)position value 52.4%1.10
Binanceaccounts 50.8%1.03
Bybitaccounts 67.5%2.08
Binance top tradersposition value 66.5%1.98

By position size

tracked PENDLE positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K9757 63.0%$262K$120K 68.5%
$10K–$100K6028 68.2%$1.79M$999K 64.2%
$100K–$1M1112 47.8%$1.87M$3.38M 35.6%
$1M and up21 66.7%$2.15M$1.02M 67.8%

Largest tracked PENDLE positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x07fd…689d Long $1.14M 2.459 $21K — — 5× cross just now
0xfe7c…b7ae Short $1.02M 2.258 -$101K 40.981 +1535.30% 5× cross 1 min ago
0x0682…b571 Long $1.01M 2.025 $193K — — 5× cross 6 min ago
0x023a…2355 Short $634K 2.121 -$97K 55.210 +2103.12% 5× cross 1 min ago
0x71f1…14b0 Short $463K 1.460 -$193K 3.726 +48.67% 5× cross 28 min ago
0x7717…bd7e Short $393K 2.603 $15K 38.628 +1441.43% 5× cross just now
0x8af7…fa05 Short $389K 5.503 $466K 118.62 +4633.34% 5× cross just now
0xe86b…3664 Short $314K 2.543 $4,688 19.676 +685.15% 5× cross just now
0xaf0f…e92e Long $251K 2.553 -$4,680 — — 5× cross just now
0x2edd…8179 Short $245K 2.130 -$37K 71.199 +2741.16% 5× cross just now
0xc7e0…a6a3 Long $241K 2.600 -$9,007 1.403 -44.00% 5× isolated 27 min ago
0x1c81…072d Long $222K 1.328 $104K 1.400 -44.13% 5× isolated 13 min ago
0x12a2…d9a8 Long $216K 2.542 -$3,108 1.863 -25.67% 5× cross 4 min ago
0x3595…d69a Short $212K 2.497 -$798 6.009 +139.78% 5× cross 25 min ago
0xf09c…eaed Long $184K 1.871 $47K — — 5× cross 4 min ago
0x94da…c449 Short $180K 2.508 $141 15.873 +533.39% 3× cross 2 min ago
0x47f5…b942 Short $174K 1.777 -$51K 29.718 +1085.86% 5× cross just now
0xf324…8af0 Short $166K 1.573 -$62K 4.234 +68.95% 5× cross 1 min ago
0x563b…7dc4 Long $156K 2.560 -$3,357 — — 5× cross 8 min ago
0xf9fc…b1d0 Long $139K 2.680 -$9,678 — — 2× cross 8 min ago

Tracker coverage and freshness

all Hyperliquid perps · 44.8% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.26B60 s60 s
B3,0003,000$2.95B15 min29 min
C46,2007,265$357.22M4 h15 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 PENDLE 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.

PENDLE Hyperliquid long/short ratio FAQ

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

The tracked PENDLE positions add up to 39.1% of PENDLE'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.