Short gamma-ray bursts are believed to be produced by both binary neutron star (BNS) and neutron star-black hole (NSBH) mergers. We use current estimates for the BNS and NSBH merger rates to calculate the fraction of observable short gamma-ray bursts produced through each channel. This allows us to constrain merger rates of BNS to ${\rm{BNS}}=384^{+431}{-213}{\rm{Gpc}^{-3} \rm{yr}^{-1}}90%16%$ decrease in the rate uncertainties from the second LIGO–Virgo Gravitational-Wave Transient Catalog, GWTC-2. Assuming a top-hat emission profile with a large Lorentz factor, we constrain the average opening angle of gamma-ray burst jets produced in BNS mergers to . We also measure the fraction of BNS and NSBH mergers that produce an observable short gamma-ray burst to be and , respectively and find that $\gtrsim 40%$ of BNS mergers launch jets (90% confidence). We forecast constraints for future gravitational-wave detections given different modelling assumptions, including the possibility that BNS and NSBH jets are different. With BNS and NSBH observations, expected within six months of the LIGO-Virgo-KAGRA network operating at design sensitivity, it will be possible to constrain the fraction of BNS and NSBH mergers that launch jets with precision. Within a year of observations, we can determine whether the jets launched in NSBH mergers have a different structure than those launched in BNS mergers and rule out whether of binary neutron star mergers launch jets. We discuss the implications of future constraints on understanding the physics of short gamma-ray bursts and binary evolution.

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