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ZEN Long/Short Ratio (Hyperliquid)

How ZEN 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.

40.2% of the 87 tracked Hyperliquid ZEN positions are long (long/short ratio 0.67). By value, longs hold 44.4% ($595K long vs $743K short).

47,609 positions in 10,897 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 06:20 UTC

Accounts long87 tracked
40.2% long
Ratio 0.6735 long · 52 short
Value longby size
44.4% long
Ratio 0.80$595K$743K
Whales long$1.00M+ positions
—
0 long · 0 short
Coverage of ZEN OItracked
37.1%
$1.34M tracked · $1.80M OI64.7% checked ≤ 15 min

ZEN long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 40.2%0.67
Hyperliquid (tracked)position value 44.4%0.80
Binanceaccounts 42.6%0.74
Bybitaccounts 62.0%1.63
Binance top tradersposition value 71.8%2.55

By position size

tracked ZEN positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K2240 35.5%$42K$68K 38.3%
$10K–$100K1110 52.4%$242K$349K 40.9%
$100K–$1M22 50.0%$311K$326K 48.8%
$1M and up00—$0$0—

Largest tracked ZEN positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x0d6a…ca57 Long $189K 8.150 -$25K 6.062 -15.93% 3× isolated just now
0x47f5…b942 Short $176K 6.679 -$13K 87.542 +1113.98% 5× cross just now
0x7717…bd7e Short $151K 7.760 $11K 293.36 +3968.19% 5× cross just now
0xe653…e6d2 Long $122K 8.225 -$17K 3.626 -49.71% 2× cross 10 h ago
0xcf67…eb24 Long $74K 5.925 $13K — — 5× cross just now
0xb0dc…dfb1 Short $61K 7.034 -$1,502 127.73 +1671.30% 5× cross 27 min ago
0xa7a4…e278 Short $57K 6.304 -$7,216 16.999 +135.73% 3× cross 11 min ago
0xa20f…46fa Short $48K 7.890 $4,521 235.85 +3170.59% 5× cross just now
0x8825…2cb7 Short $42K 7.511 $1,742 129.58 +1696.96% 5× cross 15 min ago
0x8cc9…2b6a Short $39K 7.306 $516 949.82 +13071.67% 5× cross 1 min ago
0x560d…5cc1 Long $36K 8.027 -$4,065 6.681 -7.36% 5× isolated 6 h ago
0x472c…bf4b Short $30K 6.465 -$3,053 266.89 +3601.15% 3× cross 15 min ago
0x0104…703a Short $23K 7.745 $1,723 956.00 +13157.38% 20× cross 16 min ago
0x31ca…974b Long $23K 7.749 -$1,686 — — 20× cross 19 min ago
0x9940…44e3 Long $20K 6.946 $732 — — 5× cross 13 min ago
0x9e02…73df Short $20K 6.708 -$1,369 292.53 +3956.60% 5× cross 23 min ago
0xcf99…e61b Short $18K 6.417 -$2,000 24.329 +237.39% 5× cross 6 min ago
0x5f77…8b24 Long $18K 7.930 -$1,803 6.471 -10.26% 4× isolated 11 h ago
0x280a…2a26 Long $14K 7.671 -$920 — — 5× cross 25 min ago
0xca5d…06c5 Long $12K 8.123 -$1,573 — — 5× cross 5 min ago

Tracker coverage and freshness

all Hyperliquid perps · 45.2% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.20B60 s60 s
B3,0003,000$2.91B15 min29 min
C46,7267,601$371.05M4 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); 37.9% 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 ZEN 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.

ZEN Hyperliquid long/short ratio FAQ

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

The tracked ZEN positions add up to 37.1% of ZEN'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.