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POL Long/Short Ratio (Hyperliquid)

How POL 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.

57.8% of the 185 tracked Hyperliquid POL positions are long (long/short ratio 1.37). By value, longs hold 54.1% ($3.23M long vs $2.74M short). Positions of $1.00M or more are 100.0% long by value.

46,581 positions in 10,628 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 04:41 UTC

Accounts long185 tracked
57.8% long
Ratio 1.37107 long · 78 short
Value longby size
54.1% long
Ratio 1.18$3.23M$2.74M
Whales long$1.00M+ positions
100.0% long
1 long · 0 short
Coverage of POL OItracked
40.1%
$5.97M tracked · $7.45M OI81.3% checked ≤ 15 min

POL long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 57.8%1.37
Hyperliquid (tracked)position value 54.1%1.18
Binanceaccounts 66.2%1.96
Bybitaccounts 72.3%2.61
Binance top tradersposition value 65.5%1.90

By position size

tracked POL positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K8244 65.1%$141K$99K 58.7%
$10K–$100K2128 42.9%$649K$1.14M 36.3%
$100K–$1M36 33.3%$1.12M$1.50M 42.7%
$1M and up10 100.0%$1.32M$0 100.0%

Largest tracked POL positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x07fd…689d Long $1.32M 0.1046 $137K — — 5× cross just now
0x31ef…f715 Long $858K 0.1137 $22K 0.08446 -27.64% 3× isolated 1 min ago
0x7717…bd7e Short $470K 0.1161 -$2,653 1.545 +1223.58% 5× cross just now
0x5647…e7de Short $273K 0.1029 -$32K 1.204 +931.34% 5× cross 1 min ago
0xdf95…7d72 Short $262K 0.09405 -$51K 11.414 +9679.94% 5× cross 1 min ago
0x0d43…c930 Short $251K 0.1093 -$16K 0.5855 +401.71% 5× cross 5 min ago
0xf68c…9843 Long $149K 0.1637 -$60K — — 5× cross 16 min ago
0x1af0…24c1 Short $142K 0.07658 -$49K 0.2864 +145.36% 5× cross 9 min ago
0x4e18…dd45 Long $110K 0.1123 $4,181 0.08345 -28.50% 3× isolated 7 min ago
0xf1e7…d479 Short $101K 0.1108 -$5,108 3.761 +3122.21% 1× cross 20 min ago
0x0d6a…ca57 Long $98K 0.1077 $7,490 0.08005 -31.41% 3× isolated just now
0xa08a…9aa6 Short $97K 0.09402 -$19K 1.268 +986.79% 5× cross just now
0x065d…d8a0 Long $97K 0.1102 $5,404 0.08174 -29.97% 3× isolated 1 min ago
0x258a…ff03 Short $92K 0.1005 -$13K 4.227 +3522.16% 5× cross just now
0xb0dc…dfb1 Short $90K 0.09401 -$18K 1.431 +1126.08% 5× cross 17 min ago
0x94da…c449 Short $89K 0.1133 -$2,585 1.376 +1078.60% 3× cross 16 min ago
0x844b…7f42 Short $82K 0.08730 -$21K 0.8279 +609.35% 5× cross 25 min ago
0x472c…bf4b Short $81K 0.1142 -$1,725 1.654 +1317.56% 3× cross 5 min ago
0xc960…382c Short $73K 0.07711 -$25K 0.3484 +198.48% 5× cross 14 min ago
0xcac1…26b3 Long $61K 0.09127 $13K — — 5× cross 1 min ago

Tracker coverage and freshness

all Hyperliquid perps · 44.8% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.28B60 s61 s
B3,0003,000$2.94B15 min28 min
C46,3107,328$358.95M4 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); 38.1% 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 POL 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.

POL Hyperliquid long/short ratio FAQ

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

The tracked POL positions add up to 40.1% of POL'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.