Paraliparis bipolaris is a species of fish in the family Liparidae (snailfish).
Paraliparis bipolaris is up to long.
Its specific name means "of the two poles", an allusion to how it is closely related to Paraliparis kreffti, an Antarctic fish.
Paraliparis bipolaris lives in the northeast Atlantic Ocean, off Ireland's southwest coast. It is bathydemersal, living at .