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SAGA Long/Short Ratio (Hyperliquid)

How SAGA 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.

52.2% of the 92 tracked Hyperliquid SAGA positions are long (long/short ratio 1.09). By value, longs hold 45.7% ($508K long vs $603K short).

47,974 positions in 11,042 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 07:26 UTC

Accounts long92 tracked
52.2% long
Ratio 1.0948 long · 44 short
Value longby size
45.7% long
Ratio 0.84$508K$603K
Whales long$1.00M+ positions
—
0 long · 0 short
Coverage of SAGA OItracked
42.5%
$1.11M tracked · $1.31M OI54.2% checked ≤ 15 min

SAGA long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 52.2%1.09
Hyperliquid (tracked)position value 45.7%0.84
Binanceaccounts 59.2%1.45
Bybitaccounts 65.8%1.92
Binance top tradersposition value 58.1%1.39

By position size

tracked SAGA positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K4234 55.3%$36K$39K 48.0%
$10K–$100K59 35.7%$209K$444K 32.0%
$100K–$1M11 50.0%$262K$120K 68.6%
$1M and up00—$0$0—

Largest tracked SAGA positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x64b7…9da9 Long $262K 0.03693 -$104K — — 3× cross just now
0x1856…08ae Short $120K 0.02656 $589 0.1842 +596.95% 3× cross 26 min ago
0xa38f…dccf Short $97K 0.02689 $1,681 0.2693 +918.85% 3× cross 23 min ago
0x8825…2cb7 Long $96K 0.02680 -$1,350 — — 3× cross 23 min ago
0x71d0…8c26 Short $87K 0.02633 -$330 2.968 +11128.57% 3× cross just now
0x8cc9…2b6a Long $61K 0.03328 -$16K — — 3× cross just now
0x7717…bd7e Short $61K 0.02660 $393 2.495 +9339.86% 3× cross just now
0x888e…6d77 Short $50K 0.02133 -$9,562 0.6315 +2289.37% 3× cross 7 min ago
0xa265…3a13 Short $47K 0.02738 $1,681 0.3467 +1211.92% 3× cross 17 min ago
0x8fb5…eaa4 Short $40K 0.02702 $885 0.5823 +2103.29% 3× cross 5 min ago
0xbc22…ac2c Short $30K 0.01750 -$10K 0.1457 +451.10% 3× cross 12 h ago
0x3d9a…debf Long $20K 0.02564 $608 — — 3× cross 13 h ago
0x3ca1…37c6 Short $20K 0.02620 -$173 0.1677 +534.38% 3× cross 22 min ago
0xe777…3f83 Long $18K 0.03025 -$2,535 — — 3× cross 11 h ago
0x3290…2b03 Long $14K 0.02895 -$1,291 0.02253 -14.75% 3× isolated 9 h ago
0x89b7…1a77 Short $13K 0.01437 -$5,873 0.1166 +341.00% 3× cross 9 min ago
0x9b34…fd3c Short $9,628 0.03383 $2,696 0.05743 +117.31% 1× isolated 4 min ago
0x7040…d775 Long $9,185 0.02855 -$737 0.01652 -37.49% 2× isolated 10 h ago
0xf51a…881d Short $6,532 0.01905 -$1,824 0.1707 +545.68% 3× cross 11 h ago
0x96ee…5c17 Long $4,935 0.02677 -$63 — — 3× cross 11 h ago

Tracker coverage and freshness

all Hyperliquid perps · 45.4% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.15B60 s60 s
B3,0003,000$2.92B15 min29 min
C46,8797,738$378.72M4 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); 38.5% 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 SAGA 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.

SAGA Hyperliquid long/short ratio FAQ

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

The tracked SAGA positions add up to 42.5% of SAGA'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.