The long/short ratio compares how much of the market is positioned long against short — by account count or by position value, depending on the source. A ratio above 1 means longs outnumber shorts. It is a crowd-positioning gauge rather than a directional signal.
Like funding, it is most useful at extremes and as a contrarian input: when nearly everyone is on one side, there is little fuel left to push that way and plenty of stops to trigger on a reversal. Read it alongside funding and open interest, not alone.
Example
The long/short ratio spikes to 3:1 long just as funding turns sharply positive — a crowded long setup ripe for a squeeze.
How Noon Barbari uses Long/Short Ratio
Every concept here is implemented in the platform. Open the relevant docs or tool to see it in action.
See perps data in noonbarbari →Related terms
- General
Funding Rate
The periodic payment between long and short holders of a perpetual futures contract.
- General
Open Interest
The total number of derivative contracts currently open and not yet settled.
- General
Long
A position that profits when price rises. To 'go long' = to buy.
- General
Short
A position that profits when price falls. To 'short' = to sell first, buy later.