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OKX Long/Short Ratio

OKX USDT perpetual futures long/short ratios are shown by three criteria: all accounts, top trader accounts, and top trader positions. OKX recalculates these values every 5 minutes, and we fetch updates every minute.

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What is the long/short ratio?

It's the ratio of long (buy) to short (sell) positions. If it's above 1, there are more longs; below 1, more shorts. The chart converts this ratio to an easy-to-read long ratio (%). For example, a ratio of 1.5 means 60% long, 40% short.

Differences between the three criteria

All accounts shows the ratio of accounts with net long positions to those with net short positions for that pair. Top traders refers to the top 5% of traders by position value, as defined by OKX. Top trader accounts shows the ratio of long/short accounts among them, and top trader positions shows the ratio of long/short position sizes they hold. Account-based ratios reflect the number of people, while position-based ratios reflect the amount of money.

Market buy/sell amount

This is the total value of market buy and sell orders (taker) converted to USDT. If the buy bar is larger, buyers were more aggressive; if the sell bar is larger, sellers dominated.

How to use

  • If the overall long ratio is excessively high, it means retail traders are crowded on one side, making it easy for a chain of forced liquidations if the price moves against them.
  • On OKX, it’s common for the overall account ratio and top trader position ratio to be opposite. Even if more users are long, large funds may be short, so check both values together.
  • The long/short ratio shows the imbalance, not the direction. Check it together with funding rate, open interest, and real-time liquidations.

OKX Long/Short Ratio FAQ

How often does the OKX long/short ratio update?

OKX recalculates the long/short ratio every 5 minutes and publishes it. This page refreshes every minute, and you can view the last 200 intervals by 5 minutes, 15 minutes, 1 hour, 4 hours, or 1 day.

What does a long/short ratio of 2 mean?

This means the long side is twice the short side. In percentage terms, that's about 66.7% long and 33.3% short.

Who are the top traders on OKX?

OKX counts the top 5% of traders by position value as top traders. Each exchange has different criteria for top traders, so don’t compare numbers across exchanges directly.

Why is the price charted separately?

Since long ratio (%) and price have different units, overlapping them on one axis can distort the movement. So, price is shown above and long ratio below, aligned to the same time axis. Hover over the chart to see both values at the same point in time.

Last updated · Data: OKX Public API