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Long/Short Ratio
The account long/short ratio for Bitcoin (BTC) perpetuals on Binance is 2.28 now — 69.5% of accounts long, 30.5% short; on OKX, top traders' position ratio is 0.92. Of 505 USDT perpetuals on Binance, 413 have more accounts long than short.
BTC Account Long/Short Ratio · Binance
2.28
Accounts Long69.5%
Accounts Short30.5%
Long/Short Ratio by Coin
| Coin | Binance | OKX | Gate.io | Bybit |
|---|---|---|---|---|
 BTC |
2.28 | 2.22 | 1.72 | 2.13 |
 ETH |
2.57 | 2.11 | 1.53 | 2.76 |
 SOL |
3.25 | 3.35 | 2.77 | 3.56 |
 BNB |
2.71 | 2.83 | 1.98 | 2.23 |
 HYPE |
1.55 | 1.77 | 1.25 | 2.34 |
 XRP |
2.50 | 3.23 | 2.35 | 4.07 |
 DOGE |
2.51 | 4.67 | 3.16 | 3.95 |
 NEAR |
1.23 | 1.31 | 1.54 | 1.81 |
 UNI |
1.90 | 2.20 | 2.12 | 1.96 |
 PEPE |
2.51 | 1.90 | 1.89 | 3.06 |
 ENA |
1.25 | 1.31 | 1.96 | 2.66 |
 LINK |
2.01 | 1.71 | 1.53 | 2.57 |
 SUI |
2.05 | 2.54 | 2.28 | 3.15 |
 TRX |
1.08 | 2.97 | 1.56 | 2.61 |
 BCH |
1.53 | 2.78 | 1.57 | 1.98 |
 AVAX |
1.78 | 1.68 | 1.68 | 2.58 |
 WLD |
1.18 | 2.55 | 2.58 | 2.93 |
 ADA |
1.85 | 2.31 | 2.46 | 2.80 |
 LTC |
2.18 | 2.59 | 2.33 | 2.90 |
 AAVE |
1.43 | 1.55 | 1.34 | 1.66 |
 FIL |
1.08 | 2.51 | 1.97 | 2.06 |
 ONDO |
1.59 | 2.16 | 2.12 | 3.24 |
 ARB |
1.15 | 1.64 | 1.38 | 2.50 |
 DOT |
1.41 | 2.22 | 1.65 | 2.62 |
 HBAR |
1.09 | 1.60 | 1.47 | 3.38 |
 SHIB |
1.27 | 2.55 | 2.30 | 2.18 |
 ETC |
1.22 | 2.26 | 2.07 | 2.06 |
 APT |
1.11 | 2.26 | 1.87 | 3.21 |
 OP |
1.25 | 1.70 | 1.72 | 2.65 |
 WIF |
1.61 | 1.91 | 1.52 | 3.74 |
Showing 30 major coins. Sign in to see all 609.
About This Metric
Definition
Long/short ratio = longs ÷ shorts. Above 1 means more are long.
How to Read
“Accounts” is one vote per account, so it only counts heads. Each exchange picks its own “top” traders: read each trend, don’t compare levels across exchanges.
- USDT-margined perpetuals only.
- Long share = ratio ÷ (1 + ratio).
- “—” means the exchange does not list the coin.
How Each Exchange Defines “Top” (Official Docs)
| Exchange | Who Counts as Top | How the Ratio Is Calculated |
|---|---|---|
| Binance | Top 20% of users by margin balance | Top accounts = share of net-long accounts ÷ share of net-short accounts (each account counted once); top positions = share of long positions ÷ share of short positions |
| OKX | Top 5% of traders by open position value | Formula not published by the exchange |
| Gate.io | Selection not published by the exchange | Formula not published by the exchange |
| Bybit | No top-trader type | Accounts = share of users net long ÷ share of users net short (Bybit publishes the shares; this page converts them to a ratio) |
Source
Public exchange APIs
Caveat
More longs isn’t bullish. Every long has a short. The ratio doesn’t show which side has more money.
