Volume Monitor
Live crypto data · 8 exchanges

XPL Long/Short Ratio (Hyperliquid)

How XPL 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.

59.2% of the 314 tracked Hyperliquid XPL positions are long (long/short ratio 1.45). By value, longs hold 48.3% ($42.78M long vs $45.86M short). Positions of $1.00M or more are 41.5% long by value.

22,654 positions in 3,909 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 18:08 UTC

Accounts long314 tracked
59.2% long
Ratio 1.45186 long · 128 short
Value longby size
48.3% long
Ratio 0.93$42.78M$45.86M
Whales long$1.00M+ positions
41.5% long
12 long · 10 short
Coverage of XPL OItracked
43.9%
$88.65M tracked · $101.05M OI77.4% checked ≤ 15 min

XPL long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 59.2%1.45
Hyperliquid (tracked)position value 48.3%0.93
Binanceaccounts 57.0%1.33
Bybitaccounts 72.5%2.63
Binance top tradersposition value 73.2%2.73

By position size

tracked XPL positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K5427 66.7%$180K$100K 64.2%
$10K–$100K6846 59.6%$2.95M$1.62M 64.6%
$100K–$1M5245 53.6%$17.86M$13.45M 57.0%
$1M and up1210 54.5%$21.79M$30.70M 41.5%

Largest tracked XPL positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x5b5d…c060 Short $8.25M 0.1065 $149K 1.952 +1764.63% 3× cross just now
0xb83d…6e36 Short $4.86M 0.1113 $308K 2.477 +2266.41% 5× cross just now
0x92bb…9b6f Short $3.41M 0.1060 $43K 0.2199 +110.13% 5× cross just now
0xdd53…2b13 Short $3.28M 0.1015 -$98K 1.189 +1036.05% 3× cross just now
0xb7e0…d1aa Long $3.13M 0.08718 $522K — — 10× cross just now
0x856c…910d Short $3.06M 0.09325 -$333K 0.2481 +137.05% 5× cross 21 min ago
0x469e…58a5 Long $2.90M 0.1136 -$249K — — 5× cross just now
0xfe7c…b7ae Short $2.73M 0.1028 -$50K 0.5366 +412.72% 10× cross just now
0x051c…693c Long $2.54M 0.08447 $490K — — 5× cross just now
0x152e…c9dc Long $2.17M 0.1078 -$66K — — 10× cross just now
0xe6e0…ae71 Long $1.84M 0.08761 $299K — — 10× cross just now
0xeadc…9d55 Long $1.75M 0.1019 $46K — — 10× cross just now
0x98e8…f831 Long $1.69M 0.1131 -$136K 0.06134 -41.39% 10× cross 12 min ago
0x51f6…2b39 Short $1.38M 0.08923 -$203K 0.2890 +176.17% 10× cross just now
0xdf59…5a2e Long $1.37M 0.1031 $21K 0.07934 -24.20% 10× cross 18 min ago
0xecb6…2b00 Short $1.34M 0.1123 $97K 3.399 +3147.61% 5× cross just now
0x5647…e7de Short $1.32M 0.08685 -$224K 0.3035 +189.99% 10× cross just now
0x58a2…b360 Long $1.17M 0.09053 $159K 0.004426 -95.77% 3× cross 14 min ago
0x0c17…6cbe Long $1.10M 0.1049 -$2,121 0.09190 -12.19% 6× isolated 3 min ago
0xd1c7…1c5a Long $1.09M 0.1146 -$104K 0.09504 -9.19% 6× isolated 19 min ago

Tracker coverage and freshness

all Hyperliquid perps · 42.0% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.39B60 s60 s
B3,0003,000$2.71B15 min36 min
C44,389612$9.68M4 h18 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); 36.4% 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 XPL 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.

XPL Hyperliquid long/short ratio FAQ

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

The tracked XPL positions add up to 43.9% of XPL'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.