Hyperliquid Open Interest & Long/Short Ratio
Open interest tells you how much leverage is sitting in a market. WhaleMirror tracks Hyperliquid OI, volume and long/short skew across every market, and flags when open interest breaks to new highs.
See open interest rankings →Why open interest matters
Rising price with rising OI means new positions are backing the move; rising price with falling OI is usually shorts covering.
Very high OI relative to volume means a crowded book — the kind of setup that ends in a squeeze or a liquidation cascade.
What WhaleMirror tracks
Open interest and 24h volume leaderboards, hourly snapshots for real 24h OI change, and OI new-high flags for the main dex and every HIP-3 builder dex.
Long/short skew and basis sit alongside funding so you can read positioning in one place.
Frequently asked questions
Where can I see Hyperliquid open interest?
The WhaleMirror Funding dashboard ranks all Hyperliquid markets by open interest and volume, and the Screener flags OI new highs.
What does an OI new high mean?
More capital is committed to the market than at any point in the lookback window. Combined with flat price and extreme funding, it often precedes a squeeze.
Related guides
Last updated 2026-09-24. Data from Hyperliquid public APIs. Not financial advice.