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PENGU Long/Short Ratio (Hyperliquid)

How PENGU 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.

71.1% of the 343 tracked Hyperliquid PENGU positions are long (long/short ratio 2.46). By value, longs hold 45.8% ($8.08M long vs $9.54M short). Positions of $1.00M or more are 36.5% long by value.

44,754 positions in 10,229 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 01:37 UTC

Accounts long343 tracked
71.1% long
Ratio 2.46244 long · 99 short
Value longby size
45.8% long
Ratio 0.85$8.08M$9.54M
Whales long$1.00M+ positions
36.5% long
2 long · 2 short
Coverage of PENGU OItracked
41.3%
$17.62M tracked · $21.34M OI81.2% checked ≤ 15 min

PENGU long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 71.1%2.46
Hyperliquid (tracked)position value 45.8%0.85
Binanceaccounts 52.9%1.12
Bybitaccounts 70.9%2.44
Binance top tradersposition value 74.9%2.99

By position size

tracked PENGU positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K16362 72.4%$366K$100K 78.6%
$10K–$100K6323 73.3%$1.70M$633K 72.9%
$100K–$1M1612 57.1%$2.95M$3.51M 45.7%
$1M and up22 50.0%$3.05M$5.31M 36.5%

Largest tracked PENGU positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0xfe7c…b7ae Short $3.03M 0.01024 -$23K 0.05520 +435.21% 5× cross 1 min ago
0x023a…2355 Short $2.28M 0.009844 -$104K 0.06878 +566.84% 5× cross 1 min ago
0x795c…a242 Long $2.04M 0.01021 $20K — — 5× cross just now
0xbf73…5d58 Long $1.02M 0.01025 $6,721 — — 5× cross 1 min ago
0x3205…40bb Short $613K 0.009908 -$24K 0.02046 +98.42% 5× cross 5 min ago
0x6f97…f824 Short $584K 0.008837 -$84K 0.04878 +372.93% 5× cross 1 min ago
0xecb6…2b00 Short $414K 0.009739 -$23K 1.047 +10047.56% 5× cross 1 min ago
0xf780…70e1 Short $386K 0.01062 $11K 0.07382 +615.74% 5× cross 10 min ago
0x0b0e…6c94 Long $311K 0.01074 -$13K 0.007234 -29.86% 5× cross 3 min ago
0xbfc7…80b4 Short $309K 0.009641 -$20K 0.06370 +517.61% 5× cross just now
0x92bb…9b6f Short $300K 0.01036 $1,223 0.1451 +1306.73% 5× cross just now
0x80b6…278b Long $271K 0.01006 $6,685 0.008944 -13.29% 5× isolated 18 min ago
0x704c…b732 Long $242K 0.009833 $11K 0.004557 -55.82% 5× cross 26 min ago
0xfd4d…87c0 Long $238K 0.008962 $31K — — 5× cross 2 min ago
0xd7b8…9f55 Long $234K 0.01008 $5,235 — — 5× cross just now
0x716f…c3f9 Long $222K 0.006498 $82K — — 5× cross 19 min ago
0xfaad…9dae Long $206K 0.009623 $14K 0.005158 -49.99% 5× cross 17 min ago
0x7717…bd7e Short $203K 0.01033 $315 0.2664 +2482.83% 5× cross just now
0x2ab6…8252 Long $199K 0.01033 -$232 0.0000003690 -100.00% 1× cross just now
0xe86b…3664 Short $177K 0.01004 -$4,729 0.1221 +1083.40% 5× cross just now

Tracker coverage and freshness

all Hyperliquid perps · 44.6% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.35B60 s60 s
B3,0003,000$2.97B15 min28 min
C45,6406,929$345.50M4 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 PENGU 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.

PENGU Hyperliquid long/short ratio FAQ

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

The tracked PENGU positions add up to 41.3% of PENGU'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.