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ARB Long/Short Ratio (Hyperliquid)

How ARB 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.

67.2% of the 475 tracked Hyperliquid ARB positions are long (long/short ratio 2.04). By value, longs hold 47.7% ($14.37M long vs $15.74M short). Positions of $1.00M or more are 23.3% long by value.

45,572 positions in 10,395 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 02:25 UTC

Accounts long475 tracked
67.2% long
Ratio 2.04319 long · 156 short
Value longby size
47.7% long
Ratio 0.91$14.37M$15.74M
Whales long$1.00M+ positions
23.3% long
1 long · 4 short
Coverage of ARB OItracked
41.5%
$30.11M tracked · $36.24M OI76.5% checked ≤ 15 min

ARB long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 67.2%2.04
Hyperliquid (tracked)position value 47.7%0.91
Binanceaccounts 55.1%1.23
Bybitaccounts 70.7%2.41
Binance top tradersposition value 63.6%1.75

By position size

tracked ARB positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K20081 71.2%$502K$182K 73.4%
$10K–$100K8443 66.1%$2.77M$1.59M 63.6%
$100K–$1M3428 54.8%$9.67M$9.28M 51.0%
$1M and up14 20.0%$1.42M$4.68M 23.3%

Largest tracked ARB positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x2c6f…3725 Long $1.42M 0.1572 $423K — — 10× cross 1 min ago
0x258a…ff03 Short $1.31M 0.2139 -$57K 0.7620 +240.68% 10× cross just now
0x4b1c…bc38 Short $1.15M 0.1518 -$369K 0.5375 +140.29% 10× cross just now
0x51f6…2b39 Short $1.13M 0.1345 -$450K 0.6999 +212.92% 10× cross just now
0x023a…2355 Short $1.10M 0.2013 -$110K 2.932 +1211.06% 5× cross just now
0xe779…6ba7 Short $962K 0.2417 $77K 0.3255 +45.53% 10× cross 1 min ago
0xfd65…9d10 Long $922K 0.1457 $322K 0.07732 -65.43% 10× cross 8 min ago
0xfe7c…b7ae Short $915K 0.1927 -$127K 3.542 +1483.80% 10× cross just now
0xecb6…2b00 Short $900K 0.2224 -$4,991 10.997 +4816.72% 10× cross just now
0x668c…ea2e Short $895K 0.2273 $14K 0.4075 +82.19% 10× cross 1 min ago
0x9bc9…e828 Long $781K 0.1400 $292K 0.1588 -29.00% 10× cross 8 min ago
0x0502…3a51 Long $778K 0.2249 -$4,312 0.1894 -15.31% 5× isolated 15 min ago
0xccf3…2a75 Short $672K 0.2193 -$13K 0.3352 +49.89% 10× cross 1 min ago
0x0813…79e5 Long $646K 0.2198 $11K 0.02062 -90.78% 10× cross 6 min ago
0xd4c1…3d1d Short $629K 0.2191 -$13K 2.514 +1023.93% 10× cross 1 min ago
0x9c26…b666 Long $592K 0.1567 $177K — — 10× cross 1 min ago
0x92bb…9b6f Short $472K 0.2397 $34K 2.119 +847.39% 10× cross 1 min ago
0x9757…d75c Long $392K 0.2240 -$508 0.1882 -15.84% 5× isolated 25 min ago
0x2814…9b08 Long $378K 0.2277 -$6,840 0.1920 -14.18% 5× isolated 28 min ago
0xbaf9…e0e2 Long $331K 0.1235 $148K 0.06629 -70.36% 3× cross 23 min ago

Tracker coverage and freshness

all Hyperliquid perps · 44.6% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.34B60 s60 s
B3,0003,000$2.96B15 min29 min
C45,9207,098$352.19M4 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 ARB 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.

ARB Hyperliquid long/short ratio FAQ

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

The tracked ARB positions add up to 41.5% of ARB'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.