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PYTH Long/Short Ratio (Hyperliquid)

How PYTH 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.

67.7% of the 127 tracked Hyperliquid PYTH positions are long (long/short ratio 2.10). By value, longs hold 46.9% ($1.02M long vs $1.15M short).

41,658 positions in 8,864 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 22:24 UTC

Accounts long127 tracked
67.7% long
Ratio 2.1086 long · 41 short
Value longby size
46.9% long
Ratio 0.88$1.02M$1.15M
Whales long$1.00M+ positions
—
0 long · 0 short
Coverage of PYTH OItracked
38.9%
$2.17M tracked · $2.79M OI50.6% checked ≤ 15 min

PYTH long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 67.7%2.10
Hyperliquid (tracked)position value 46.9%0.88
Binanceaccounts 69.8%2.31
Bybitaccounts 76.1%3.18
Binance top tradersposition value 70.1%2.34

By position size

tracked PYTH positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K6729 69.8%$118K$51K 70.0%
$10K–$100K178 68.0%$543K$394K 58.0%
$100K–$1M24 33.3%$357K$708K 33.5%
$1M and up00—$0$0—

Largest tracked PYTH positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0xd6e5…5b42 Short $243K 0.08178 -$4,465 1.795 +2053.98% 5× cross 1 min ago
0x1707…1f2f Long $202K 0.05552 $67K — — 5× cross 24 min ago
0xa6b0…8030 Short $179K 0.08335 $82 0.1339 +60.73% 5× cross 22 min ago
0xa38f…dccf Long $155K 0.08414 -$1,530 — — 5× cross 7 min ago
0x4089…b422 Short $147K 0.08513 $3,213 0.1404 +68.47% 5× cross 2 min ago
0xc685…3355 Short $138K 0.08363 $525 0.1147 +37.63% 5× cross 6 min ago
0xac29…9f44 Short $99K 0.08406 $887 0.1394 +67.32% 5× cross 27 min ago
0x3742…a81b Short $80K 0.08292 -$381 0.1688 +102.59% 5× cross 20 min ago
0x348b…7095 Short $77K 0.08322 -$85 0.1468 +76.23% 5× cross 20 min ago
0x92e0…fb3b Long $76K 0.05656 $24K 0.04017 -51.78% 5× cross 2 h ago
0x2edd…8179 Short $74K 0.06425 -$17K 7.374 +8751.41% 5× cross just now
0x7717…bd7e Long $63K 0.08350 -$144 — — 5× cross 1 min ago
0x0fb3…c7de Long $51K 0.06925 $8,535 — — 5× cross 2 h ago
0xbbfb…f921 Long $50K 0.05110 $19K — — 5× cross 11 min ago
0x060d…3b04 Long $45K 0.05747 $14K — — 5× cross 13 min ago
0x3737…a189 Long $42K 0.06373 $9,790 — — 5× cross 3 min ago
0x27c9…d65d Long $41K 0.08388 -$279 — — 5× cross 1 min ago
0x8ad3…209c Long $24K 0.07020 $3,762 — — 5× cross 4 h ago
0xb649…49c9 Short $23K 0.08739 $1,145 0.5524 +563.08% 5× cross 3 h ago
0xf3ca…4b8e Long $21K 0.07859 $1,211 0.04697 -43.62% 5× cross 2 h ago

Tracker coverage and freshness

all Hyperliquid perps · 44.3% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.33B60 s60 s
B3,0003,000$2.99B15 min29 min
C45,0075,556$327.09M4 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); 37.7% 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 PYTH 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.

PYTH Hyperliquid long/short ratio FAQ

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

The tracked PYTH positions add up to 38.9% of PYTH'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.