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LDO Long/Short Ratio (Hyperliquid)

How LDO 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.

55.5% of the 218 tracked Hyperliquid LDO positions are long (long/short ratio 1.25). By value, longs hold 57.7% ($7.75M long vs $5.68M short). Positions of $1.00M or more are 100.0% long by value.

46,545 positions in 10,601 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 04:15 UTC

Accounts long218 tracked
55.5% long
Ratio 1.25121 long · 97 short
Value longby size
57.7% long
Ratio 1.37$7.75M$5.68M
Whales long$1.00M+ positions
100.0% long
2 long · 0 short
Coverage of LDO OItracked
40.5%
$13.43M tracked · $16.58M OI66.5% checked ≤ 15 min

LDO long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 55.5%1.25
Hyperliquid (tracked)position value 57.7%1.37
Binanceaccounts 66.1%1.95
Bybitaccounts 74.1%2.86
Binance top tradersposition value 75.6%3.10

By position size

tracked LDO positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K7859 56.9%$158K$117K 57.4%
$10K–$100K3027 52.6%$1.02M$1.10M 48.2%
$100K–$1M1111 50.0%$4.25M$4.46M 48.8%
$1M and up20 100.0%$2.32M$0 100.0%

Largest tracked LDO positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x8be0…326c Long $1.18M 0.4855 -$6,405 0.3397 -29.66% 5× cross 16 min ago
0x07fd…689d Long $1.14M 0.4184 $152K — — 5× cross 1 min ago
0x023a…2355 Short $974K 0.3829 -$202K 7.246 +1400.39% 5× cross 1 min ago
0x2edd…8179 Short $883K 0.4168 -$121K 4.270 +784.27% 5× cross just now
0x04af…c13f Long $870K 0.3911 $166K — — 5× cross 15 min ago
0x6555…e0b8 Long $850K 0.9992 -$908K — — 1× cross 18 min ago
0xecb6…2b00 Short $587K 0.4387 -$54K 37.242 +7611.94% 5× cross 1 min ago
0x08c1…1135 Long $574K 0.2977 $220K — — 5× cross just now
0x404c…5f03 Short $546K 0.4298 -$60K 1.244 +157.52% 5× cross just now
0x3e47…aaf6 Long $483K 0.4917 -$8,790 — — 5× cross just now
0x80b6…278b Long $362K 0.4609 $16K 0.02985 -93.82% 5× cross 3 min ago
0x1e08…1584 Long $290K 0.3086 $105K — — 5× cross 15 min ago
0x9cbf…06ce Short $275K 0.4579 -$14K 1.736 +259.46% 5× cross 9 min ago
0x81a7…f128 Long $266K 0.3280 $85K 0.02528 -94.77% 5× cross 25 min ago
0x27c9…d65d Short $257K 0.4864 $1,842 1.907 +294.83% 5× cross just now
0x47f5…b942 Short $229K 0.3574 -$59K 4.405 +812.27% 5× cross just now
0xa20f…46fa Short $206K 0.3679 -$49K 3.875 +702.48% 5× cross just now
0x1856…08ae Short $179K 0.4893 $2,378 2.778 +475.31% 5× cross 10 min ago
0x3d89…eb14 Short $169K 0.4925 $3,367 4.270 +784.29% 5× cross 14 min ago
0x1c81…072d Long $167K 0.3480 $47K 0.2783 -42.38% 5× isolated 1 min ago

Tracker coverage and freshness

all Hyperliquid perps · 44.8% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.26B60 s60 s
B3,0003,000$2.94B15 min29 min
C46,2667,302$358.44M4 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 LDO 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.

LDO Hyperliquid long/short ratio FAQ

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

The tracked LDO positions add up to 40.5% of LDO'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.