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LONG/SHORT SIZE

5 min · DYOR Education
FreeCOIN · Derivatives
Goal

Understand LONG/SHORT SIZE — how many dollars sit in longs and in shorts, and when to use it instead of RATIO.

LONG/SHORT SIZE on BTC/USDT: longs minus shorts in dollars
LONG/SHORT SIZE on BTC/USDT: longs minus shorts in dollars
What it shows

How many dollars sit in longs and how many in shorts on Binance futures for this coin.

  • By default it shows the difference, DIFF: longs − shorts, in millions of dollars.
  • Above zero — more money in longs. Below — in shorts.

Where the numbers come from. SIZE = long share × the coin's open interest. The share is the same as in LONG/SHORT RATIO; Source picks its source. Open interest is the coin's entire OI. A 55% share with OI of $2B: longs $1.1B, shorts $0.9B, DIFF +$200M.

It's an estimate, not an exact count. The share comes from the selected group, while OI covers all positions. It's most accurate with TOP POSITIONS: there the share is already by money. With ALL ACCOUNTS and TOP ACCOUNTS the share is by heads, and SIZE shows how much would be in longs if money were split the same way as accounts.

What it's for

See how much money is behind a skew. The percentage is the same, but the money behind it can be ten times more or less.

For example.

  • 55% longs with OI of $2B — DIFF +$200M.
  • The same 55% with OI of $200M — DIFF +$20M. Same percentages, ten times less money at stake.
  • DIFF rose and OI rose — new money went into longs. DIFF rose but OI is flat — money moved from shorts to longs, no new money came in.

RATIO or SIZE. RATIO is percentages, the same scale for any coin: use it to compare the crowd with large traders and coins with each other. SIZE is this coin's dollars: use it to see how much is behind the skew. For an alert on one coin — SIZE; for comparisons across the market — RATIO.

Where to find it
Indicators›COIN›Derivatives›LONG/SHORT SIZE
Settings
FieldOptionsDefaultWhat it changes
SourceALL ACCOUNTS
TOP ACCOUNTS
TOP POSITIONS
TOP POSITIONSWhose statistics to use — as in LONG/SHORT RATIO.
Long Short TypeLONG
SHORT
DIFF
DIFFShow longs, shorts or their difference.
- Want the skew as one line — DIFF.
- Want the total for one side — LONG or SHORT.
In alerts

Metric LONG/SHORT SIZE. Condition fields:

CoinMarket TypeTimeframeSourceOutput

Market Type — FUTURES only. “Output” — LONG / SHORT / DIFF.

TOTAL

TOTAL LONG/SHORT SIZE — the same for the whole market.

Try it yourself
  1. Turn on LONG/SHORT SIZE in DIFF mode next to BINANCE COIN OI.
  2. Find a moment where OI rose but DIFF didn't change.
What you should get. Positions grew equally on both sides. SIZE shows the skew in money, OI shows the overall total.
Takeaway

SIZE is the money in longs and shorts on a coin: long share × open interest. By default it shows the difference, DIFF: above zero — more money in longs. It's an estimate, most accurate with TOP POSITIONS. RATIO is percentages, comparable across coins; SIZE is dollars, the weight of the skew on this coin.

Quick check

How is LONG/SHORT SIZE different from LONG/SHORT RATIO?

Show answer

Correct answer: It shows dollars (share × OI), not percentages

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