Whale vs Retail Delta
The whale vs retail delta is the share of top traders' positions that is long minus the share of all accounts that are long, in percentage points (pp), from Binance's public futures data (Gate where Binance has none). Positive: whales lean more long than the crowd. Each coin's reading is ranked against its own hourly history of the past 30 days and year, so the table opens with the coins at their most unusual.
Whales (top traders by position) are more long than retail (all accounts) on 7 of 41 coins; the median delta is -15.4 pp. ARB whales are 6.9 pp less long than retail, the 88th percentile of its past year; AKE is at the 1st percentile (-26.8 pp).
Whale vs retail delta by coin
top traders' positions long minus all accounts long, pp · most unusual first| Coin | Exchange | Delta (pp) | Top traders long | Accounts long | 24h change | 30d percentile | 1y percentile |
|---|---|---|---|---|---|---|---|
| AKE L/S | Gate | -26.8 | 45.1% | 72.0% | -6.1 | 1st | 1st |
| XLM L/S | Gate | -18.0 | 48.3% | 66.3% | -9.2 | — | 2nd |
| ADA L/S | Gate | -23.1 | 47.2% | 70.3% | -8.0 | 17th | 2nd |
| XRP L/S | Gate | -27.2 | 44.7% | 71.9% | -0.4 | 24th | 2nd |
| BTC L/S | Gate | -29.0 | 41.6% | 70.6% | -10.3 | 3rd | 2nd |
| UNI L/S | Gate | -24.7 | 45.3% | 70.1% | -2.2 | 13th | 4th |
| SUI L/S | Gate | -27.2 | 47.5% | 74.8% | -5.8 | 13th | 6th |
| DOGE L/S | Gate | -34.8 | 41.4% | 76.2% | +0.6 | 73rd | 8th |
| WLD L/S | Gate | -28.0 | 43.7% | 71.7% | +2.1 | 28th | 10th |
| NEAR L/S | Gate | -15.5 | 49.1% | 64.6% | -8.6 | 2nd | 10th |
| ETH L/S | Gate | -31.8 | 37.6% | 69.4% | -4.9 | 19th | 11th |
| XMR L/S | Gate | -7.5 | 49.9% | 57.3% | -3.2 | 41st | 12th |
| ARB L/S | Gate | -6.9 | 50.4% | 57.3% | +0.5 | 89th | 88th |
| ZEC L/S | Gate | -7.8 | 50.1% | 58.0% | -1.4 | 16th | 13th |
| LTC L/S | Gate | -26.6 | 44.0% | 70.6% | -4.7 | 11th | 15th |
| LIT L/S | Gate | +11.0 | 50.9% | 39.9% | +2.5 | 94th | 83rd |
| SOL L/S | Gate | -30.7 | 42.7% | 73.4% | +0.5 | 37th | 17th |
| HYPE L/S | Gate | -15.6 | 49.4% | 64.9% | +2.3 | 46th | 19th |
| LINK L/S | Gate | -11.6 | 53.1% | 64.7% | -8.0 | 45th | 21st |
| KGEN L/S | Gate | -9.2 | 49.0% | 58.2% | +5.0 | — | 22nd |
| INJ L/S | Gate | -1.3 | 50.5% | 51.9% | -4.7 | 50th | 78th |
| PEPE L/S | Gate | -25.1 | 45.7% | 70.8% | -3.2 | 3rd | 22nd |
| TAO L/S | Gate | -17.1 | 46.2% | 63.3% | +1.1 | 92nd | 33rd |
| AAVE L/S | Gate | -8.3 | 51.9% | 60.3% | -4.4 | 9th | 34th |
| BNB L/S | Gate | -17.5 | 47.7% | 65.2% | -2.5 | 47th | 35th |
| MAGMA L/S | Gate | +3.0 | 49.8% | 46.8% | +10.1 | — | 36th |
| TRUMP L/S | Gate | -23.2 | 47.2% | 70.4% | +3.5 | 35th | 37th |
| PUMP L/S | Gate | -5.1 | 48.8% | 53.9% | +0.2 | 39th | 62nd |
| QNT L/S | Gate | +3.4 | 52.8% | 49.4% | +2.6 | 98th | 59th |
| AVAX L/S | Gate | -13.2 | 48.4% | 61.5% | -5.1 | 59th | 53rd |
| FIL L/S | Gate | -22.1 | 45.9% | 68.0% | +0.4 | 32nd | 48th |
| ENA L/S | Gate | -15.4 | 47.3% | 62.7% | +4.6 | 83rd | 49th |
| JCT L/S | Gate | -26.0 | 44.8% | 70.8% | -12.2 | 1st | — |
| AGT L/S | Gate | +28.7 | 54.4% | 25.7% | +0.6 | 96th | — |
| ARIA L/S | Gate | +6.2 | 52.9% | 46.6% | -2.1 | 61st | — |
| BARD L/S | Gate | +6.4 | 49.0% | 42.6% | -7.8 | — | — |
| ERA L/S | Gate | +0.1 | 50.5% | 50.5% | +1.2 | — | — |
| GRAM L/S | Gate | -2.4 | 49.4% | 51.8% | +2.1 | — | — |
| IDOL L/S | Gate | -3.6 | 48.2% | 51.7% | -6.7 | — | — |
| INIT L/S | Gate | -5.6 | 50.4% | 56.0% | -3.7 | — | — |
| ONE L/S | Gate | -5.2 | 49.6% | 54.8% | -5.1 | — | — |
How to read it. A positive delta means the top traders (Binance's top 20% of futures users by margin, weighted by position size) hold more of their position long than the share of all accounts that are long; negative means the crowd leans further long than the whales. Most coins sit below zero most of the time, because retail accounts lean long, so the percentiles rank each coin against its own past: a 95th percentile is a reading higher than 95% of the coin's hourly readings in that window. Each coin's page charts the delta back to 2020 and shows what price did after its extremes. Not a trading signal and not financial advice. See also the long/short ratio of every coin.
Whale vs retail delta FAQ
What is the whale vs retail delta?
The share of top traders' combined position that is long, minus the share of all accounts with a position that are long, in percentage points. Binance publishes both every 5 minutes for its USDT perpetuals: top traders are its top 20% of futures users by margin balance, weighted by position size, while the accounts ratio counts every account once. A delta of +6 pp means whales hold 6 points more of their position long than the crowd is long.
How are the percentiles calculated?
Each coin's current hourly reading is ranked against its own hourly readings of the past 30 days and of the past year: the 90th percentile means it is higher than 90% of them. History reaches back to 2020 for Binance, from its public daily data files, and to 2023 for Gate. A window with less than half of its hours recorded shows no percentile.
Why Gate for some coins?
Binance and Gate are the exchanges that publish both a top trader position ratio and an all-accounts ratio. A coin without a fresh Binance reading uses Gate's. Bybit and Bitget publish only the accounts ratio, and HTX only top trader ratios, so they cannot give a delta.
Is it a trading signal?
No. It describes how two groups are positioned. Each coin's page shows what price did after that coin's most extreme readings of the past year, with the sample size, and those results describe the past only. Nothing here is financial advice.