Long/short ratio

A ratio above 1 means more longs than shorts. The venues measure different things: Binance publishes the ratio of all accounts, of top-trader accounts and of top-trader positions; Bybit the ratio of accounts; on Hyperliquid Blockmetric computes it from the real tracked positions (USD and wallet counts).

In one sentence: Long/short ratio: longs divided by shorts. Above 1 = more longs. Venues count accounts or top-trader positions differently.

Formula

Hyperliquid (USD) = long USD ÷ short USD of the tracked positions
Hyperliquid (wallets) = long wallets ÷ short wallets
Binance, Bybit: the ratio the venue publishes

• Every 5 minutes for the top 40 coins: Binance globalLongShortAccountRatio, topLongShortAccountRatio and topLongShortPositionRatio, Bybit account-ratio.
• Hyperliquid: long USD ÷ short USD of the tracked positions at the same time (and long wallets ÷ short wallets).
• Long history views add a separate daily line of every open Hyperliquid position from the daily snapshot taken about 00:00 UTC (long USD ÷ short USD), never merged into the tracked line.

• Compare the same variant over time rather than different variants with each other.
• Accounts long while top traders’ positions are short is a common divergence worth noticing.

• Comparing an account ratio with a position ratio. They count different things and can point in opposite directions at the same time.
• Reading a ratio of 2 as twice the money long. On an account ratio it means twice the accounts; the USD can be on the other side.

• GET /api/v1/long-short

Every key uses the data of its plan; see the developer docs for parameters and examples. Developers · API docs

• Free: every coin, current values and 30 days of history.
• Pro and above: history up to 1095 days, CSV export.
• API: free developer key (10/min, 1,000/day, free-tier data, non-commercial) · API Dev and above (60/min, 50,000/day).

Pricing → · Historical data