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Ethereum long/short ratio

At 00:35 UTC, CryptoKeyhole reads the Ethereum long/short ratio at 3.48: 78% of accounts holding ETH perpetuals on Binance, Bybit and OKX are net long, 22% net short.

How many traders are long ETH against how many are short, on each exchange, and how the largest traders lean.

3.48accounts long for every account short

78% long22% short

Average of Binance, Bybit and OKX. A day ago it read 3.28. Venues' five-minute readings, latest 00:35 UTC.

From the exchanges' published ratios; read every five minutes. Last update 9 November 2026, 00:35 UTC

The crowd and the largest traders

Every account

  1. Binance

    79% longratio 3.84

  2. Bybit

    76% longratio 3.11

  3. OKX (all contracts)

    78% longratio 3.49

Binance's top traders the 20% of its users with the largest margin balances

  1. By headcount

    81% longratio 4.15

  2. By position size

    66% longratio 1.95

By headcount, 81% of Binance's top Ether traders are long; weighted by the size of their positions, only 66% is. The largest positions lean less long than the traders holding them, so a few big shorts carry real weight. Across every account on Binance, Bybit and OKX, 78% are long.

Plus has every venue’s ratios hour by hour with their history, for the other coins too, and our estimate of longs and shorts opened and closed. See plans →

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Who is trading aggressively

In the last hour, aggressive buyers of ETH perpetuals on Binance and OKX were close to even with aggressive sellers: a taker buy/sell ratio of 1.04. The account ratio counts who holds positions; the taker ratio counts who is pushing the price right now, buying at the offer or selling at the bid. Above 1 buyers are in a hurry, below 1 sellers.

Ether against Bitcoin

Ether's long/short ratio is 3.48 (78% of accounts long) against 2.68 (73%) for Bitcoin: Ether traders are more crowded long than Bitcoin traders. The two usually move together; a gap that opens shows leverage rotating between them.

Method and sources

Read as on Bitcoin's page: each venue's published long/short account ratio for its Ether perpetuals, every five minutes, averaged over the venues present, with Binance's top-trader ratios for ETHUSDT.

Quoting these figures? Credit CryptoKeyhole with a link to this page. Each ratio is the venue's published figure.

Ethereum Futures Long/Short Account Ratio chart, 2019–2022 sample; full history with Plus
EthereumFutures Long/Short Account RatioSigned out, the chart shows its 2019–2022 sample; the full history and latest readings come with Plus.Open the interactive chart

Questions

What is the Ethereum long/short ratio now?

3.48 at 00:35 UTC, the average of Binance, Bybit and OKX: 78% of accounts with an open ETH perpetual position are net long. CryptoKeyhole reads each venue's published ratio every five minutes.

Are Ether traders more long than Bitcoin traders?

Ether's long/short ratio is 3.48 (78% of accounts long) against 2.68 (73%) for Bitcoin: Ether traders are more crowded long than Bitcoin traders. The two usually move together; a gap that opens shows leverage rotating between them.

All free tools

Figures on this page come from CryptoKeyhole's own collection of the public market data of the exchanges named on it, and refresh automatically. Nothing here is investment advice.