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USELESS Long/Short Ratio (Hyperliquid)

How USELESS 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.

60.5% of the 261 tracked Hyperliquid USELESS positions are long (long/short ratio 1.53). By value, longs hold 44.6% ($4.30M long vs $5.33M short).

46,413 positions in 10,549 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 03:48 UTC

Accounts long261 tracked
60.5% long
Ratio 1.53158 long · 103 short
Value longby size
44.6% long
Ratio 0.81$4.30M$5.33M
Whales long$1.00M+ positions
—
0 long · 0 short
Coverage of USELESS OItracked
40.7%
$9.63M tracked · $11.83M OI52.5% checked ≤ 15 min

USELESS long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 60.5%1.53
Hyperliquid (tracked)position value 44.6%0.81
Binanceaccounts 41.2%0.70
Bybitaccounts 51.5%1.06
Binance top tradersposition value 55.9%1.27

By position size

tracked USELESS positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K9458 61.8%$256K$136K 65.4%
$10K–$100K5230 63.4%$1.93M$1.35M 58.9%
$100K–$1M1215 44.4%$2.11M$3.85M 35.4%
$1M and up00—$0$0—

Largest tracked USELESS positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x936c…bb0f Short $806K 0.2918 $79K 8.865 +3234.97% 3× cross 1 min ago
0x7103…3104 Short $532K 0.3180 $104K 1.686 +534.16% 3× cross 26 min ago
0xeb0f…4637 Long $363K 0.2916 -$35K 0.1987 -25.27% 3× isolated 18 min ago
0x34ea…2f47 Short $319K 0.2483 -$21K 1.518 +470.98% 3× cross 10 min ago
0xf0ae…2f74 Short $303K 0.2984 $37K 1.828 +587.74% 3× cross 21 min ago
0xcd06…3186 Short $287K 0.2985 $35K 2.440 +818.05% 3× cross just now
0x023a…2355 Short $278K 0.2937 $29K 12.423 +4573.28% 3× cross 1 min ago
0xeadc…9d55 Long $266K 0.2759 -$10K — — 3× cross 1 min ago
0xb934…b8e3 Long $266K 0.3129 -$47K 0.2083 -21.65% 3× cross 27 min ago
0x47f5…b942 Short $254K 0.2551 -$10K 2.014 +657.45% 3× cross just now
0x5bc4…3b0c Short $184K 0.2900 $17K 4.612 +1635.07% 3× cross just now
0x6b06…9b7c Long $159K 0.2403 $15K — — 3× cross 11 min ago
0x8cc9…2b6a Short $158K 0.2668 $596 8.303 +3023.50% 3× cross 1 min ago
0xea9e…61a9 Long $149K 0.3057 -$22K 0.2050 -22.89% 3× isolated 14 min ago
0x6754…d3a1 Short $143K 0.2628 -$1,627 0.6947 +161.33% 3× cross 28 min ago
0x538d…80de Long $143K 0.2804 -$7,831 0.2241 -15.71% 3× isolated 5 min ago
0x3e9f…bcbc Long $142K 0.2680 -$1,166 0.1438 -45.90% 3× cross 19 min ago
0x9dbf…8403 Long $140K 0.2929 -$14K 0.1034 -61.09% 3× cross 8 h ago
0xc207…1f37 Long $140K 0.2824 -$8,696 0.1974 -25.76% 3× cross 8 h ago
0x422f…f2c4 Short $136K 0.2502 -$8,019 1.370 +415.21% 3× cross 9 min ago

Tracker coverage and freshness

all Hyperliquid perps · 44.7% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.28B60 s60 s
B3,0003,000$2.95B15 min29 min
C46,1767,249$356.76M4 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 USELESS 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.

USELESS Hyperliquid long/short ratio FAQ

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

The tracked USELESS positions add up to 40.7% of USELESS'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.