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KAS Long/Short Ratio (Hyperliquid)

How KAS 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.

63.7% of the 135 tracked Hyperliquid KAS positions are long (long/short ratio 1.76). By value, longs hold 37.8% ($578K long vs $953K short).

47,282 positions in 10,731 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 05:33 UTC

Accounts long135 tracked
63.7% long
Ratio 1.7686 long · 49 short
Value longby size
37.8% long
Ratio 0.61$578K$953K
Whales long$1.00M+ positions
—
0 long · 0 short
Coverage of KAS OItracked
30.5%
$1.53M tracked · $2.51M OI48.8% checked ≤ 15 min

KAS long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 63.7%1.76
Hyperliquid (tracked)position value 37.8%0.61
Binanceaccounts 71.6%2.52
Bybitaccounts 67.0%2.03
Binance top tradersposition value 56.6%1.31

By position size

tracked KAS positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K7533 69.4%$125K$60K 67.7%
$10K–$100K1014 41.7%$159K$381K 29.5%
$100K–$1M12 33.3%$293K$512K 36.4%
$1M and up00—$0$0—

Largest tracked KAS positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x7717…bd7e Short $321K 0.04312 -$28K 0.8663 +1731.43% 3× cross just now
0x6603…45db Long $293K 0.03000 $107K 0.02821 -40.36% 3× cross 22 min ago
0x47f5…b942 Short $191K 0.04254 -$19K 0.5062 +970.10% 3× cross just now
0xd33c…bdf2 Short $84K 0.03123 -$28K 0.1185 +150.50% 3× cross 15 min ago
0x32a5…cd92 Short $70K 0.03722 -$15K 0.2495 +427.58% 3× cross 29 min ago
0x75f3…e76b Short $37K 0.03270 -$12K 0.4788 +912.31% 3× cross 5 min ago
0x9373…0e94 Short $36K 0.03582 -$8,817 0.5316 +1023.80% 3× cross 10 min ago
0x6920…f48a Long $31K 0.02755 $13K — — 3× cross 31 min ago
0xa811…c80b Short $27K 0.02822 -$11K 0.7936 +1577.80% 3× cross 16 min ago
0x487c…b808 Long $22K 0.03661 $4,883 — — 3× cross 17 min ago
0x0104…703a Short $21K 0.04743 $56 7.071 +14849.84% 20× cross 29 min ago
0x9a36…7b6a Short $19K 0.03201 -$6,225 1.316 +2681.90% 3× cross 4 min ago
0x31ca…974b Long $19K 0.04755 -$102 — — 20× cross just now
0xc6d3…db21 Long $18K 0.04430 $1,147 — — 1× cross 11 h ago
0x8fb5…eaa4 Short $16K 0.04055 -$2,354 2.396 +4965.07% 3× cross 7 min ago
0xa20f…46fa Short $13K 0.03881 -$2,416 4.916 +10292.01% 3× cross 1 min ago
0x4d98…9da2 Long $12K 0.04178 $1,452 — — 2× cross 28 min ago
0x3947…f3b1 Short $12K 0.04646 -$214 11.162 +23498.35% 3× cross 29 min ago
0x51fb…02c1 Long $12K 0.03319 $3,599 0.03172 -32.93% 3× isolated 29 min ago
0xfb25…9bc5 Long $11K 0.07419 -$6,527 — — 1× cross 10 h ago

Tracker coverage and freshness

all Hyperliquid perps · 45.1% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.18B60 s60 s
B3,0003,000$2.95B15 min29 min
C46,4917,447$366.91M4 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); 38.2% 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 KAS 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.

KAS Hyperliquid long/short ratio FAQ

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

The tracked KAS positions add up to 30.5% of KAS'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.