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FET Long/Short Ratio (Hyperliquid)

How FET 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.

63.8% of the 196 tracked Hyperliquid FET positions are long (long/short ratio 1.76). By value, longs hold 47.4% ($5.30M long vs $5.89M short). Positions of $1.00M or more are 53.1% long by value.

44,220 positions in 9,971 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 00:19 UTC

Accounts long196 tracked
63.8% long
Ratio 1.76125 long · 71 short
Value longby size
47.4% long
Ratio 0.90$5.30M$5.89M
Whales long$1.00M+ positions
53.1% long
2 long · 1 short
Coverage of FET OItracked
43.2%
$11.19M tracked · $12.94M OI83.3% checked ≤ 15 min

FET long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 63.8%1.76
Hyperliquid (tracked)position value 47.4%0.90
Binanceaccounts 67.6%2.08
Binance top tradersposition value 73.1%2.72

By position size

tracked FET positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K8938 70.1%$162K$83K 66.2%
$10K–$100K2724 52.9%$723K$693K 51.1%
$100K–$1M78 46.7%$1.78M$2.79M 38.9%
$1M and up21 66.7%$2.63M$2.32M 53.1%

Largest tracked FET positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0xfe7c…b7ae Short $2.32M 0.2003 -$435K 1.613 +554.21% 5× cross just now
0xeadc…9d55 Long $1.41M 0.1999 $267K — — 5× cross just now
0x153c…319a Long $1.22M 0.1783 $338K — — 5× cross just now
0x023a…2355 Short $688K 0.2141 -$91K 4.920 +1895.76% 5× cross just now
0x2edd…8179 Short $518K 0.2078 -$82K 3.284 +1232.12% 5× cross just now
0x8fe2…c7d3 Long $409K 0.2080 $64K 0.1249 -49.34% 5× cross 27 min ago
0xdf95…7d72 Short $398K 0.1608 -$138K 14.958 +5967.03% 5× cross just now
0xf28f…5a42 Long $393K 0.2079 $62K 0.1552 -37.04% 3× isolated 18 min ago
0x065d…d8a0 Long $325K 0.2224 $32K 0.1653 -32.94% 3× isolated just now
0x7717…bd7e Short $322K 0.2368 -$13K 3.970 +1510.28% 5× cross 1 min ago
0x80b6…278b Long $250K 0.2369 $9,817 — — 5× cross 27 min ago
0xbfc7…80b4 Short $247K 0.1612 -$85K 1.805 +631.94% 5× cross just now
0x8cc9…2b6a Short $238K 0.1884 -$56K 4.974 +1917.52% 5× cross 1 min ago
0x258a…ff03 Short $214K 0.2312 -$13K 3.722 +1409.71% 5× cross just now
0x3a02…78da Long $185K 0.1922 $41K — — 5× cross just now
0x617e…0f97 Short $164K 0.1563 -$60K 0.9982 +304.87% 5× cross 27 min ago
0x75da…cdaa Long $111K 0.2301 $7,411 — — 5× cross just now
0xcac1…26b3 Long $105K 0.1412 $45K — — 5× cross just now
0x18a7…5df3 Short $72K 0.1480 -$29K 2.386 +867.88% 5× cross 9 min ago
0xaa8e…b9e3 Long $68K 0.2054 $11K — — 5× cross 6 min ago

Tracker coverage and freshness

all Hyperliquid perps · 44.3% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.30B60 s60 s
B3,0003,000$3.00B15 min29 min
C45,3046,671$341.52M4 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); 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 FET 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.

FET Hyperliquid long/short ratio FAQ

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

The tracked FET positions add up to 43.2% of FET'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.