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XRP Long/Short Ratio (Hyperliquid)

How XRP 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.

61.5% of the 460 tracked Hyperliquid XRP positions are long (long/short ratio 1.60). By value, longs hold 49.6% ($146.18M long vs $148.35M short). Positions of $1.00M or more are 48.9% long by value.

28,924 positions in 5,406 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 19:46 UTC

Accounts long460 tracked
61.5% long
Ratio 1.60283 long · 177 short
Value longby size
49.6% long
Ratio 0.99$146.18M$148.35M
Whales long$1.00M+ positions
48.9% long
15 long · 23 short
Coverage of XRP OItracked
45.0%
$294.52M tracked · $327.54M OI92.6% checked ≤ 15 min

XRP long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 61.5%1.60
Hyperliquid (tracked)position value 49.6%0.99
Binanceaccounts 71.1%2.46
Bybitaccounts 77.5%3.45
Binance top tradersposition value 69.7%2.29

By position size

tracked XRP positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K12047 71.9%$399K$202K 66.4%
$10K–$100K9967 59.6%$4.17M$3.10M 57.3%
$100K–$1M4940 55.1%$15.22M$12.97M 54.0%
$1M and up1523 39.5%$126.39M$132.07M 48.9%

Largest tracked XRP positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x31b1…1434 Long $53.79M 1.130 $14.21M 0.9497 -38.15% 10× cross just now
0x5b5d…c060 Short $26.62M 1.485 -$880K 10.198 +564.13% 5× cross just now
0xb83d…6e36 Short $21.46M 1.499 -$517K 9.706 +532.13% 5× cross 1 min ago
0xe6e0…ae71 Long $17.69M 1.522 $153K 1.279 -16.71% 20× cross 1 min ago
0xfc66…ca06 Short $17.58M 1.490 -$519K 4.457 +190.28% 20× cross 1 min ago
0xecb6…2b00 Short $11.15M 1.538 $15K 7.586 +394.03% 10× cross 1 min ago
0x58f0…0d20 Long $10.60M 1.431 $720K 0.6329 -58.78% 20× cross just now
0xc63a…a3cd Long $10.29M 1.543 -$49K — — 20× cross just now
0x7fda…17d1 Short $9.41M 1.533 -$14K 7.557 +392.15% 20× cross 1 min ago
0x85e1…3de4 Long $7.45M 1.536 -$1,949 1.343 -12.51% 20× cross just now
0x023a…2355 Short $6.16M 1.522 -$54K 5.020 +226.94% 20× cross 1 min ago
0x9aa5…58af Short $5.82M 1.443 -$350K 3.510 +128.61% 20× cross 1 min ago
0x610b…b613 Long $4.90M 1.443 $296K — — 3× cross just now
0xf48f…10fe Long $3.94M 1.530 $15K 0.3638 -76.30% 4× cross 1 min ago
0x45d2…4029 Short $3.77M 1.483 -$128K 14.273 +829.54% 20× cross just now
0x152e…c9dc Long $3.50M 1.551 -$34K — — 20× cross 1 min ago
0xc179…e0c8 Short $3.28M 1.554 $39K 7.674 +399.76% 4× cross just now
0xeadc…9d55 Long $3.11M 1.209 $660K — — 20× cross just now
0xdd53…2b13 Short $2.91M 1.515 -$38K 20.237 +1217.97% 3× cross just now
0xbcd4…0dd2 Short $2.49M 1.344 -$310K 2.776 +80.79% 20× cross just now

Tracker coverage and freshness

all Hyperliquid perps · 43.1% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.43B60 s60 s
B3,0003,000$2.95B15 min29 min
C44,6502,091$105.53M4 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); 36.8% 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 XRP 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.

XRP Hyperliquid long/short ratio FAQ

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

The tracked XRP positions add up to 45.0% of XRP'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.