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INJ Long/Short Ratio (Hyperliquid)

How INJ 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.

60.8% of the 217 tracked Hyperliquid INJ positions are long (long/short ratio 1.55). By value, longs hold 41.3% ($4.59M long vs $6.51M short). Positions of $1.00M or more are 27.3% long by value.

44,350 positions in 10,037 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 00:32 UTC

Accounts long217 tracked
60.8% long
Ratio 1.55132 long · 85 short
Value longby size
41.3% long
Ratio 0.70$4.59M$6.51M
Whales long$1.00M+ positions
27.3% long
1 long · 2 short
Coverage of INJ OItracked
41.8%
$11.10M tracked · $13.29M OI82.0% checked ≤ 15 min

INJ long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 60.8%1.55
Hyperliquid (tracked)position value 41.3%0.70
Binanceaccounts 49.9%0.99
Bybitaccounts 67.8%2.10
Binance top tradersposition value 73.3%2.75

By position size

tracked INJ positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K9558 62.1%$178K$84K 67.8%
$10K–$100K3116 66.0%$1.20M$445K 73.0%
$100K–$1M59 35.7%$1.88M$2.44M 43.5%
$1M and up12 33.3%$1.33M$3.55M 27.3%

Largest tracked INJ positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x5b5d…c060 Short $2.13M 5.614 -$597K 540.00 +6830.51% 3× cross 1 min ago
0x123d…3bff Short $1.41M 6.339 -$263K 28.272 +262.85% 5× cross just now
0x51f6…2b39 Long $1.33M 7.727 $11K — — 5× cross 1 min ago
0x8cc9…2b6a Long $828K 7.797 -$609 — — 5× cross 1 min ago
0x47f5…b942 Short $508K 6.309 -$97K 27.750 +256.15% 5× cross just now
0x2edd…8179 Short $424K 7.186 -$33K 127.65 +1538.32% 5× cross just now
0x0748…d4b2 Short $390K 7.204 -$29K 42.664 +447.56% 5× cross 1 min ago
0x3c00…8d38 Long $378K 7.973 -$8,769 4.421 -43.27% 2× isolated 16 min ago
0x7717…bd7e Long $361K 7.800 -$405 — — 5× cross 1 min ago
0x250b…b824 Short $239K 4.746 -$94K 13.297 +70.66% 5× cross 23 min ago
0x7fda…17d1 Short $223K 6.189 -$46K 1,318.2 +16818.09% 5× cross 1 min ago
0x641e…b6c8 Short $217K 5.838 -$54K 34.907 +348.01% 5× cross 20 min ago
0x3579…1e2f Long $181K 7.826 -$798 — — 5× cross 4 h ago
0x0fac…7a0a Short $163K 7.933 $2,975 30.617 +292.94% 5× cross just now
0xa20f…46fa Short $155K 5.906 -$37K 57.556 +638.69% 5× cross just now
0x6e86…11d1 Long $130K 8.100 -$5,148 6.724 -13.71% 5× isolated 1 min ago
0x9606…4e5d Short $117K 8.129 $5,062 102.46 +1214.97% 5× cross 1 min ago
0x7e19…adb1 Long $91K 7.724 $791 — — 5× cross 14 min ago
0x326b…6e51 Long $91K 7.745 $537 — — 5× cross 11 min ago
0x6a2c…0efd Long $86K 7.732 $654 0.5946 -92.37% 5× cross 13 min ago

Tracker coverage and freshness

all Hyperliquid perps · 44.6% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.34B60 s61 s
B3,0003,000$3.01B15 min28 min
C45,3876,745$342.66M4 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 INJ 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.

INJ Hyperliquid long/short ratio FAQ

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

The tracked INJ positions add up to 41.8% of INJ'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.