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ZRO Long/Short Ratio (Hyperliquid)

How ZRO 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.

60.7% of the 326 tracked Hyperliquid ZRO positions are long (long/short ratio 1.55). By value, longs hold 51.2% ($28.40M long vs $27.04M short). Positions of $1.00M or more are 47.6% long by value.

37,534 positions in 7,582 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 21:21 UTC

Accounts long326 tracked
60.7% long
Ratio 1.55198 long · 128 short
Value longby size
51.2% long
Ratio 1.05$28.40M$27.04M
Whales long$1.00M+ positions
47.6% long
6 long · 4 short
Coverage of ZRO OItracked
45.3%
$55.44M tracked · $61.16M OI84.9% checked ≤ 15 min

ZRO long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 60.7%1.55
Hyperliquid (tracked)position value 51.2%1.05
Binanceaccounts 67.1%2.04
Bybitaccounts 62.8%1.69
Binance top tradersposition value 83.7%5.12

By position size

tracked ZRO positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K9055 62.1%$223K$143K 60.9%
$10K–$100K6836 65.4%$2.64M$1.41M 65.3%
$100K–$1M3433 50.7%$12.03M$10.60M 53.2%
$1M and up64 60.0%$13.50M$14.89M 47.6%

Largest tracked ZRO positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0xdd53…2b13 Short $9.26M 1.093 -$3.13M 7.500 +354.38% 3× cross just now
0x08c1…1135 Long $3.15M 1.217 $828K — — 5× cross just now
0x92bb…9b6f Short $2.77M 1.316 -$562K 3.803 +130.42% 5× cross just now
0x75d4…a209 Long $2.56M 1.209 $686K 0.4372 -73.52% 4× cross 9 min ago
0x866d…d6e1 Long $2.53M 0.9252 $1.11M — — 5× cross just now
0x3ee5…4fab Long $2.51M 1.051 $910K — — 5× cross 1 min ago
0xeadc…9d55 Long $1.65M 1.222 $429K — — 5× cross just now
0xfe7c…b7ae Short $1.48M 1.510 -$126K 14.207 +760.72% 5× cross just now
0x7fda…17d1 Short $1.39M 1.169 -$405K 45.515 +2657.47% 5× cross just now
0xecb6…2b00 Long $1.10M 1.138 $343K — — 5× cross just now
0x07fd…689d Short $998K 1.208 -$268K 12.337 +647.44% 5× cross just now
0x64b7…9da9 Long $949K 1.331 $184K — — 5× cross just now
0x45d2…4029 Short $943K 1.307 -$196K 52.427 +3076.26% 5× cross just now
0xc3b1…9a03 Long $850K 1.632 $9,342 0.008408 -99.49% 2× cross 27 min ago
0x6788…98d4 Short $820K 0.9776 -$334K 4.094 +148.01% 5× cross 26 min ago
0xac1b…2f92 Long $697K 1.561 $38K 0.8116 -50.83% 5× cross 4 min ago
0xcb58…2c7b Long $693K 1.471 $75K — — 5× cross 1 min ago
0x91f5…df13 Long $649K 1.437 $84K 1.215 -26.38% 5× cross 11 min ago
0x6540…f7b7 Long $642K 1.124 $205K 0.7251 -56.07% 5× isolated 1 min ago
0xfb41…c361 Long $619K 1.492 $59K 1.108 -32.85% 3× isolated 15 min ago

Tracker coverage and freshness

all Hyperliquid perps · 44.1% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.39B60 s61 s
B3,0003,000$3.03B15 min29 min
C44,7914,275$279.33M4 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); 38.0% 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 ZRO 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.

ZRO Hyperliquid long/short ratio FAQ

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

The tracked ZRO positions add up to 45.3% of ZRO'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.