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MON Long/Short Ratio (Hyperliquid)

How MON 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.

47.5% of the 305 tracked Hyperliquid MON positions are long (long/short ratio 0.91). By value, longs hold 54.9% ($21.42M long vs $17.63M short). Positions of $1.00M or more are 65.1% long by value.

42,401 positions in 9,145 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 22:42 UTC

Accounts long305 tracked
47.5% long
Ratio 0.91145 long · 160 short
Value longby size
54.9% long
Ratio 1.22$21.42M$17.63M
Whales long$1.00M+ positions
65.1% long
5 long · 5 short
Coverage of MON OItracked
43.4%
$39.04M tracked · $45.00M OI70.1% checked ≤ 15 min

MON long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 47.5%0.91
Hyperliquid (tracked)position value 54.9%1.22
Binanceaccounts 63.2%1.72
Bybitaccounts 64.8%1.84
Binance top tradersposition value 85.7%5.99

By position size

tracked MON positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K8280 50.6%$180K$220K 45.1%
$10K–$100K3944 47.0%$1.25M$1.52M 45.2%
$100K–$1M1931 38.0%$7.10M$8.98M 44.2%
$1M and up55 50.0%$12.88M$6.91M 65.1%

Largest tracked MON positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x45ab…6cbc Long $3.93M 0.02822 -$135K — — 5× cross just now
0xeee0…0b53 Long $3.70M 0.02652 $104K — — 5× cross just now
0x75da…cdaa Long $2.19M 0.02465 $212K — — 5× cross 22 min ago
0x64b7…9da9 Long $1.93M 0.02520 $147K — — 5× cross just now
0x71e5…be04 Short $1.71M 0.02700 -$18K 0.03473 +27.27% 5× cross 16 min ago
0xecb6…2b00 Short $1.55M 0.02805 $43K 0.7697 +2720.70% 3× cross just now
0x0daf…47e0 Short $1.31M 0.02561 -$80K 0.04395 +61.06% 5× cross just now
0xba5d…a352 Short $1.26M 0.02940 $98K 0.1180 +332.62% 5× cross just now
0x152e…c9dc Long $1.13M 0.02521 $86K — — 5× cross just now
0x5647…e7de Short $1.08M 0.02363 -$145K 0.08896 +226.01% 5× cross just now
0x57f2…9711 Long $998K 0.02684 $16K — — 5× cross 3 min ago
0x802d…f417 Long $985K 0.01873 $309K 0.01385 -49.24% 5× isolated 18 min ago
0xc2db…06f9 Short $883K 0.02822 $30K 0.07987 +192.72% 5× cross 12 min ago
0xe02e…a2d3 Long $867K 0.02479 $79K — — 3× cross 16 min ago
0x92bb…9b6f Short $759K 0.02662 -$19K 0.1702 +523.88% 5× cross just now
0xe639…2953 Long $689K 0.02799 -$18K — — 5× cross just now
0x0871…e927 Long $682K 0.02821 -$23K — — 5× cross 16 min ago
0x45d2…4029 Short $600K 0.02941 $47K 1.405 +5050.16% 5× cross just now
0xa20f…46fa Short $514K 0.02426 -$57K 0.09038 +231.23% 5× cross just now
0x47f5…b942 Short $511K 0.02434 -$55K 0.1128 +313.49% 5× cross just now

Tracker coverage and freshness

all Hyperliquid perps · 44.3% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.26B60 s60 s
B3,0003,000$2.98B15 min29 min
C45,0795,839$331.52M4 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); 37.6% 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 MON 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.

MON Hyperliquid long/short ratio FAQ

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

The tracked MON positions add up to 43.4% of MON'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.