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ETHFI Long/Short Ratio (Hyperliquid)

How ETHFI 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.

60.9% of the 302 tracked Hyperliquid ETHFI positions are long (long/short ratio 1.56). By value, longs hold 52.6% ($8.01M long vs $7.22M short). Positions of $1.00M or more are 100.0% long by value.

46,579 positions in 10,628 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 04:43 UTC

Accounts long302 tracked
60.9% long
Ratio 1.56184 long · 118 short
Value longby size
52.6% long
Ratio 1.11$8.01M$7.22M
Whales long$1.00M+ positions
100.0% long
1 long · 0 short
Coverage of ETHFI OItracked
41.9%
$15.24M tracked · $18.20M OI70.0% checked ≤ 15 min

ETHFI long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 60.9%1.56
Hyperliquid (tracked)position value 52.6%1.11
Binanceaccounts 44.6%0.81
Bybitaccounts 61.0%1.57
Binance top tradersposition value 70.4%2.38

By position size

tracked ETHFI positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K11363 64.2%$292K$105K 73.5%
$10K–$100K5741 58.2%$2.21M$1.47M 60.1%
$100K–$1M1314 48.1%$3.91M$5.65M 40.9%
$1M and up10 100.0%$1.60M$0 100.0%

Largest tracked ETHFI positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0xe6e0…ae71 Long $1.60M 0.6202 $164K — — 5× cross just now
0x57f2…9711 Long $960K 0.7083 -$24K 0.03716 -94.62% 5× cross 14 min ago
0x7717…bd7e Short $802K 0.7058 $17K 5.658 +718.90% 5× cross just now
0x51f6…2b39 Short $761K 0.6353 -$61K 2.794 +304.45% 5× cross 1 min ago
0xfe7c…b7ae Short $607K 0.7240 $29K 17.714 +2463.88% 5× cross 1 min ago
0x2b02…84db Short $579K 0.3459 -$289K 0.9264 +34.09% 5× cross 21 min ago
0x5f94…4b96 Long $571K 0.3663 $268K — — 5× cross just now
0x08c1…1135 Long $516K 0.3746 $236K — — 5× cross just now
0x92bb…9b6f Short $482K 0.7367 $32K 6.351 +819.22% 5× cross just now
0x5647…e7de Short $446K 0.5623 -$83K 4.630 +570.08% 5× cross 1 min ago
0x6990…f207 Short $384K 0.6501 -$23K 6.692 +868.54% 5× cross 24 min ago
0x0813…79e5 Long $328K 0.6127 $37K — — 5× cross 29 min ago
0x07fd…689d Short $326K 0.6942 $1,560 14.373 +1980.26% 5× cross just now
0x1c81…072d Long $295K 0.5540 $58K 0.4641 -32.83% 5× isolated just now
0xcad0…e46e Short $284K 0.4052 -$118K 0.8839 +27.93% 5× cross 28 min ago
0xdf95…7d72 Short $283K 0.4917 -$82K 62.566 +8955.61% 5× cross 1 min ago
0x6540…f7b7 Long $263K 0.6704 $7,808 0.4752 -31.23% 4× isolated just now
0x50f4…b920 Short $239K 0.6761 -$5,104 2.812 +306.96% 5× cross 16 min ago
0x94da…c449 Short $224K 0.6137 -$25K 3.654 +428.83% 3× cross 18 min ago
0x962b…b475 Long $193K 0.6488 $12K — — 5× cross 6 min ago

Tracker coverage and freshness

all Hyperliquid perps · 44.8% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.29B60 s60 s
B3,0003,000$2.94B15 min29 min
C46,3117,328$358.95M4 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 ETHFI 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.

ETHFI Hyperliquid long/short ratio FAQ

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

The tracked ETHFI positions add up to 41.9% of ETHFI'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.