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W Long/Short Ratio (Hyperliquid)

How W 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.

45.5% of the 123 tracked Hyperliquid W positions are long (long/short ratio 0.84). By value, longs hold 50.8% ($2.50M long vs $2.42M short).

44,562 positions in 10,109 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 00:50 UTC

Accounts long123 tracked
45.5% long
Ratio 0.8456 long · 67 short
Value longby size
50.8% long
Ratio 1.03$2.50M$2.42M
Whales long$1.00M+ positions
—
0 long · 0 short
Coverage of W OItracked
45.4%
$4.92M tracked · $5.42M OI77.0% checked ≤ 15 min

W long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 45.5%0.84
Hyperliquid (tracked)position value 50.8%1.03
Binanceaccounts 63.1%1.71
Bybitaccounts 64.0%1.78
Binance top tradersposition value 56.9%1.32

By position size

tracked W positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K3348 40.7%$57K$74K 43.4%
$10K–$100K1714 54.8%$680K$511K 57.1%
$100K–$1M65 54.5%$1.76M$1.83M 49.0%
$1M and up00—$0$0—

Largest tracked W positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0xeadc…9d55 Long $926K 0.01143 $240K — — 5× cross 1 min ago
0x07fd…689d Short $906K 0.01258 -$167K 0.1246 +707.29% 5× cross just now
0x7717…bd7e Short $546K 0.01401 -$50K 0.1520 +884.79% 5× cross just now
0x8be0…326c Long $336K 0.01420 $27K — — 5× cross 14 min ago
0xd6e5…5b42 Short $177K 0.02472 $107K 0.4551 +2849.50% 5× cross just now
0x387c…0c19 Long $161K 0.1020 -$902K 0.005789 -62.48% 2× cross 5 h ago
0x5740…a9da Long $124K 0.01368 $14K — — 5× cross 17 min ago
0xfd9f…8aeb Long $109K 0.01209 $24K 0.006493 -57.92% 5× cross 12 min ago
0xeafe…d739 Long $109K 0.01308 $17K — — 5× cross 20 min ago
0xac29…9f44 Short $105K 0.01510 -$2,240 0.02520 +63.29% 5× cross 25 min ago
0xc179…e0c8 Short $101K 0.01515 -$1,837 1.807 +11609.74% 5× cross 1 min ago
0xa6b0…8030 Short $99K 0.01553 $643 0.02742 +77.68% 5× cross 21 min ago
0xeb0f…4637 Long $97K 0.01578 -$2,201 0.01166 -24.42% 3× isolated 13 min ago
0x1856…08ae Short $95K 0.01517 -$1,592 0.1595 +933.81% 5× cross 8 min ago
0x1a94…a538 Long $75K 0.01310 $11K — — 5× cross 2 min ago
0x1ebc…09bf Long $62K 0.01237 $12K — — 5× cross 29 min ago
0x44c9…277c Long $60K 0.01013 $21K — — 5× cross 13 min ago
0x0104…703a Long $54K 0.01534 $314 — — 20× cross 6 min ago
0x31ca…974b Short $53K 0.01535 -$277 0.8589 +5466.65% 20× cross 9 min ago
0xc9d4…dca1 Long $53K 0.01466 $2,650 — — 3× cross 4 h ago

Tracker coverage and freshness

all Hyperliquid perps · 44.5% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.35B60 s60 s
B3,0003,000$2.99B15 min29 min
C45,4436,809$343.57M4 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 W 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.

W Hyperliquid long/short ratio FAQ

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

The tracked W positions add up to 45.4% of W'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.