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SKY Long/Short Ratio (Hyperliquid)

How SKY 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.

64.0% of the 197 tracked Hyperliquid SKY positions are long (long/short ratio 1.77). By value, longs hold 50.0% ($3.51M long vs $3.52M short).

47,566 positions in 10,867 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 05:58 UTC

Accounts long197 tracked
64.0% long
Ratio 1.77126 long · 71 short
Value longby size
50.0% long
Ratio 1.00$3.51M$3.52M
Whales long$1.00M+ positions
—
0 long · 0 short
Coverage of SKY OItracked
41.7%
$7.03M tracked · $8.44M OI64.5% checked ≤ 15 min

SKY long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 64.0%1.77
Hyperliquid (tracked)position value 50.0%1.00
Binanceaccounts 54.7%1.21
Bybitaccounts 56.6%1.30
Binance top tradersposition value 69.5%2.27

By position size

tracked SKY positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K8831 73.9%$157K$77K 67.2%
$10K–$100K3032 48.4%$896K$973K 47.9%
$100K–$1M88 50.0%$2.46M$2.47M 49.9%
$1M and up00—$0$0—

Largest tracked SKY positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0xfe7c…b7ae Short $966K 0.08242 $20K 1.150 +1324.70% 3× cross 1 min ago
0xbf73…5d58 Long $729K 0.08428 -$32K — — 3× cross 1 min ago
0x1858…20b4 Long $565K 0.08012 $4,116 — — 3× cross 19 min ago
0x7717…bd7e Short $505K 0.08044 -$1,697 0.9866 +1122.32% 3× cross just now
0x8cc9…2b6a Short $379K 0.07519 -$26K 1.113 +1278.46% 3× cross just now
0x5740…a9da Long $365K 0.06448 $73K — — 3× cross 5 min ago
0x6540…f7b7 Long $231K 0.06595 $42K 0.04802 -40.50% 3× isolated 1 min ago
0x2847…d47b Long $181K 0.08363 -$6,573 — — 3× cross 15 min ago
0xe504…92b3 Long $139K 0.08125 -$934 0.06466 -19.89% 3× isolated 27 min ago
0xbfc7…80b4 Short $139K 0.06964 -$19K 1.223 +1415.81% 3× cross 1 min ago
0xe86b…3664 Short $137K 0.08064 -$126 1.331 +1548.94% 3× cross just now
0x1a94…a538 Long $133K 0.07763 $5,091 — — 3× cross 19 min ago
0x8825…2cb7 Short $130K 0.07468 -$9,735 0.5050 +525.73% 3× cross 22 min ago
0x7540…e358 Long $117K 0.07044 $15K 0.0008771 -98.91% 1× isolated 11 min ago
0x369d…d251 Short $108K 0.07557 -$6,890 0.6793 +741.59% 3× cross 5 min ago
0xc3b9…2507 Short $103K 0.07412 -$8,415 0.2735 +238.88% 3× cross 21 min ago
0xc821…08fa Long $85K 0.08241 -$1,796 — — 3× cross 6 h ago
0x8923…1bac Long $84K 0.07994 $806 — — 3× cross 17 min ago
0x2de3…486d Short $81K 0.07129 -$9,425 0.4450 +451.41% 3× cross 27 min ago
0xae43…478d Short $73K 0.07254 -$7,367 0.2781 +244.59% 3× cross 24 min ago

Tracker coverage and freshness

all Hyperliquid perps · 45.2% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.21B60 s60 s
B3,0003,000$2.93B15 min29 min
C46,6717,567$371.00M4 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 SKY 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.

SKY Hyperliquid long/short ratio FAQ

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

The tracked SKY positions add up to 41.7% of SKY'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.