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ONDO Long/Short Ratio (Hyperliquid)

How ONDO 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.

56.6% of the 288 tracked Hyperliquid ONDO positions are long (long/short ratio 1.30). By value, longs hold 46.6% ($27.82M long vs $31.85M short). Positions of $1.00M or more are 43.0% long by value.

22,654 positions in 3,909 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 18:08 UTC

Accounts long288 tracked
56.6% long
Ratio 1.30163 long · 125 short
Value longby size
46.6% long
Ratio 0.87$27.82M$31.85M
Whales long$1.00M+ positions
43.0% long
5 long · 9 short
Coverage of ONDO OItracked
36.2%
$59.67M tracked · $82.45M OI84.5% checked ≤ 15 min

ONDO long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 56.6%1.30
Hyperliquid (tracked)position value 46.6%0.87
Binanceaccounts 66.2%1.96
Bybitaccounts 75.0%3.00
Binance top tradersposition value 74.2%2.88

By position size

tracked ONDO positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K5540 57.9%$165K$134K 55.3%
$10K–$100K7343 62.9%$2.46M$1.69M 59.2%
$100K–$1M3033 47.6%$10.06M$9.98M 50.2%
$1M and up59 35.7%$15.14M$20.04M 43.0%

Largest tracked ONDO positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0xc63a…a3cd Long $7.25M 0.3921 $2.07M — — 5× cross just now
0x936c…bb0f Short $5.40M 0.5209 -$274K 3.129 +470.27% 3× cross just now
0x2ae2…78ae Long $3.70M 0.5561 -$49K — — 4× cross just now
0x7fda…17d1 Short $3.06M 0.5453 -$19K 6.702 +1121.26% 10× cross just now
0xb695…a92d Short $2.19M 0.5458 -$12K 6.999 +1175.38% 10× cross just now
0x92bb…9b6f Short $2.18M 0.5059 -$171K 1.504 +173.99% 10× cross just now
0xdf95…7d72 Short $1.96M 0.3863 -$579K 7.267 +1224.27% 10× cross just now
0x5647…e7de Short $1.59M 0.3649 -$533K 1.410 +156.96% 10× cross just now
0x58f0…0d20 Long $1.42M 0.5038 $116K — — 10× cross just now
0x0121…ed57 Long $1.39M 0.5081 $103K 0.4292 -21.78% 5× isolated just now
0x023a…2355 Short $1.38M 0.4225 -$317K 5.882 +971.95% 5× cross just now
0xbcd4…0dd2 Long $1.37M 0.5432 $14K — — 10× cross just now
0xd4c1…3d1d Short $1.18M 0.5274 -$46K 3.276 +497.02% 10× cross just now
0xbfc7…80b4 Short $1.10M 0.4000 -$298K 1.417 +158.18% 10× cross just now
0x45d2…4029 Short $990K 0.4484 -$181K 16.992 +2996.48% 10× cross just now
0x6555…e0b8 Long $958K 0.9920 -$774K — — 1× cross 26 min ago
0xaecf…6e1b Long $843K 0.5223 $41K 0.4431 -19.24% 10× cross 18 min ago
0x47f5…b942 Short $825K 0.3991 -$225K 1.633 +197.52% 10× cross just now
0x80b6…278b Long $773K 0.4726 $107K 0.3744 -31.77% 4× isolated 11 min ago
0x716f…c3f9 Long $740K 0.3528 $264K — — 10× cross 12 min ago

Tracker coverage and freshness

all Hyperliquid perps · 42.0% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.39B60 s60 s
B3,0003,000$2.71B15 min36 min
C44,389612$9.68M4 h18 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); 36.4% 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 ONDO 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.

ONDO Hyperliquid long/short ratio FAQ

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

The tracked ONDO positions add up to 36.2% of ONDO'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.