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ZEN Long/Short Ratio (Hyperliquid)

How ZEN 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.

37.8% of the 82 tracked Hyperliquid ZEN positions are long (long/short ratio 0.61). By value, longs hold 43.2% ($631K long vs $831K short).

44,267 positions in 9,999 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 00:24 UTC

Accounts long82 tracked
37.8% long
Ratio 0.6131 long · 51 short
Value longby size
43.2% long
Ratio 0.76$631K$831K
Whales long$1.00M+ positions
—
0 long · 0 short
Coverage of ZEN OItracked
35.5%
$1.46M tracked · $2.06M OI71.0% checked ≤ 15 min

ZEN long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 37.8%0.61
Hyperliquid (tracked)position value 43.2%0.76
Binanceaccounts 42.6%0.74
Bybitaccounts 62.0%1.63
Binance top tradersposition value 71.8%2.55

By position size

tracked ZEN positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K1938 33.3%$36K$65K 35.8%
$10K–$100K1011 47.6%$253K$397K 38.9%
$100K–$1M22 50.0%$341K$368K 48.1%
$1M and up00—$0$0—

Largest tracked ZEN positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x0d6a…ca57 Long $207K 8.150 -$6,111 6.062 -23.43% 3× isolated just now
0x47f5…b942 Short $193K 6.679 -$30K 59.119 +646.75% 5× cross just now
0x7717…bd7e Short $176K 7.768 -$3,295 223.24 +2719.82% 5× cross just now
0xe653…e6d2 Long $134K 8.225 -$5,192 3.626 -54.20% 2× cross 4 h ago
0xcf67…eb24 Long $82K 5.925 $21K — — 5× cross just now
0xb0dc…dfb1 Short $67K 7.034 -$7,476 124.54 +1473.07% 5× cross 20 min ago
0xa7a4…e278 Short $63K 6.304 -$13K 15.293 +93.17% 3× cross 5 min ago
0xa20f…46fa Short $53K 7.890 -$177 151.09 +1808.49% 5× cross just now
0x8cc9…2b6a Short $48K 7.306 -$3,693 747.54 +9342.33% 5× cross just now
0x8825…2cb7 Short $46K 7.511 -$2,365 132.24 +1570.34% 5× cross 8 min ago
0x560d…5cc1 Long $39K 8.027 -$548 6.681 -15.62% 5× isolated 9 min ago
0x472c…bf4b Short $32K 6.465 -$5,943 252.96 +3095.15% 3× cross 8 min ago
0x0104…703a Short $25K 7.857 -$193 969.30 +12143.43% 20× cross 9 min ago
0x31ca…974b Long $25K 7.851 $206 — — 20× cross 12 min ago
0x9940…44e3 Long $22K 6.946 $2,684 — — 5× cross 6 min ago
0x9e02…73df Short $21K 6.686 -$3,252 300.02 +3689.57% 5× cross 16 min ago
0xcf99…e61b Short $20K 6.417 -$3,777 22.713 +186.89% 5× cross 29 min ago
0x5f77…8b24 Long $20K 7.930 -$33 6.471 -18.26% 4× isolated 5 h ago
0x280a…2a26 Long $16K 7.671 $491 — — 5× cross 19 min ago
0xca5d…06c5 Long $14K 8.123 -$355 — — 5× cross 27 min ago

Tracker coverage and freshness

all Hyperliquid perps · 44.2% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.33B60 s60 s
B3,0003,000$2.99B15 min29 min
C45,3376,694$341.79M4 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); 37.5% 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 ZEN 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.

ZEN Hyperliquid long/short ratio FAQ

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

The tracked ZEN positions add up to 35.5% of ZEN'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.