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TRX Long/Short Ratio (Hyperliquid)

How TRX 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.

56.3% of the 206 tracked Hyperliquid TRX positions are long (long/short ratio 1.29). By value, longs hold 49.7% ($5.06M long vs $5.12M short). Positions of $1.00M or more are 65.5% long by value.

46,691 positions in 10,652 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 05:14 UTC

Accounts long206 tracked
56.3% long
Ratio 1.29116 long · 90 short
Value longby size
49.7% long
Ratio 0.99$5.06M$5.12M
Whales long$1.00M+ positions
65.5% long
2 long · 1 short
Coverage of TRX OItracked
37.8%
$10.18M tracked · $13.48M OI62.3% checked ≤ 15 min

TRX long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 56.3%1.29
Hyperliquid (tracked)position value 49.7%0.99
Binanceaccounts 51.9%1.08
Bybitaccounts 75.2%3.04
Binance top tradersposition value 41.7%0.72

By position size

tracked TRX positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K7647 61.8%$213K$135K 61.2%
$10K–$100K3334 49.3%$1.19M$1.01M 54.1%
$100K–$1M58 38.5%$812K$2.48M 24.7%
$1M and up21 66.7%$2.85M$1.50M 65.5%

Largest tracked TRX positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0xeadc…9d55 Long $1.67M 0.3421 -$43K — — 10× cross just now
0xd331…76ff Short $1.50M 0.3318 -$8,145 0.4134 +23.92% 10× cross 20 min ago
0xecb6…2b00 Long $1.18M 0.3359 -$8,283 — — 10× cross 1 min ago
0x2658…8688 Short $507K 0.2902 -$66K 0.3800 +13.92% 10× cross 11 min ago
0x76c2…6f1e Short $496K 0.3365 $4,303 0.4934 +47.90% 10× cross 2 min ago
0x303d…8466 Short $433K 0.3074 -$34K 0.5084 +52.42% 10× cross 29 min ago
0x27c9…d65d Short $395K 0.3293 -$5,125 0.9739 +191.94% 10× cross just now
0x51f6…2b39 Long $265K 0.3364 -$2,192 — — 10× cross 1 min ago
0x7d0c…1b28 Short $263K 0.3365 $2,305 5.073 +1420.72% 10× cross just now
0x6920…f48a Long $199K 0.3334 $131 0.1032 -69.07% 10× cross 12 min ago
0x2225…c285 Short $156K 0.3273 -$2,949 0.8203 +145.90% 3× cross 10 h ago
0x07be…07f7 Short $131K 0.3095 -$9,447 2.739 +721.14% 2× cross 18 min ago
0x7717…bd7e Long $131K 0.3346 -$393 — — 10× cross 1 min ago
0x3569…9d90 Long $114K 0.3337 -$52 0.2571 -22.94% 4× cross 8 h ago
0x49d2…55dd Long $103K 0.3406 -$2,169 — — 10× cross 14 min ago
0xc435…c905 Short $100K 0.3401 $1,947 7.935 +2278.65% 10× cross just now
0x6e76…18af Long $98K 0.3336 $6 0.2790 -16.36% 5× isolated 1 min ago
0x775f…e749 Long $85K 0.3358 -$574 — — 10× cross 1 min ago
0x8825…2cb7 Long $84K 0.3289 $1,191 — — 10× cross 9 min ago
0xbdf1…82b2 Long $76K 0.3300 $827 — — 10× cross 15 min ago

Tracker coverage and freshness

all Hyperliquid perps · 44.8% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.25B60 s61 s
B3,0003,000$2.94B15 min58 min
C46,3447,352$360.24M4 h30 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); 37.5% 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 TRX 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.

TRX Hyperliquid long/short ratio FAQ

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

The tracked TRX positions add up to 37.8% of TRX'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.