INIT perpetual futuresOpen interest
Chart$33.3M -13.1% 24h
| Venue | Open interest | 24h change |
|---|---|---|
| Binance | $13.7M | |
| MEXC | $7.0M | +82.2% |
| OKX | $3.1M | -0.6% |
| WhiteBIT | $2.4M | -30.3% |
Crypto perp · up to 50x · 14 venues
INIT perpetual futures
INIT perpetual futures carry $33.3M in open interest across 14 venues, led by Binance with 41%. The contract is down 27.94% over 24 hours. Maximum leverage is 50x, on Crypto.com; open-interest-weighted funding is negative at 610.8% annualized, paid to longs.
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As of
- Hyperliquid, 179 markets
- Aster, 576 markets
- Variational, 588 markets
- OKX, 543 markets
- Bitget, 930 markets
- Gate, 1077 markets
- MEXC, 1204 markets
- HTX, 410 markets
- KuCoin, 721 markets
- WOO X, 221 markets
- Binance, 758 markets
- BingX, 610 markets
- WhiteBIT, 395 markets
- Crypto.com, 414 markets
$0.1336Live
Loading the price chart.
INIT at a glance
Volume, 24h
Chart$1.7B +632.3% d/d
- Volume / OI
- 50.29x
- Nov 10, full day
- $1.9B
- Nov 4: $42.4M
- Nov 5: $40.0M
- Nov 6: $17.5M
- Nov 7: $9.5M
- Nov 8: $16.2M
- Nov 9: $259.5M
- Nov 10: $1.9B
Funding
Chart-610.8% a year
- Widest venue gap
- 2058.9% long Crypto.com, short BingX
- Paid over 24h, MEXC
- -16.795% shorts paid
Liquidations
Chart$3.0M 24h
LongsShorts
| Window | Longs liquidated against shorts liquidated | Amount |
|---|---|---|
| 1h | $3.4K | |
| 4h | recording | |
| 24h | recording | |
| 7d | recording |
Taker flow
Chart51% buys, 24h
BuysSells
| Window | Taker buys against taker sells | Amount |
|---|---|---|
| 1h | recording | |
| 4h | recording | |
| 24h | recording | |
| 7d | recording |
Long vs short
Accounts15% long, large accounts
- Long / short
- $26.4K / $146.6K
- Accounts
- 8 long · 6 short (1.33 L/S)
Liquidity ±1%
Depth$158.9K resting
BidsAsks
- Bids / asks
- $79.0K / $79.9K
Liquidations within 5%
Map- Longs, price down 5%
- $0
- Shorts, price up 5%
- $0
INIT at your leverage
- Liquidation price
- $0.1214 −9.1% from $0.1336 on Crypto.com
- Position
- $10,000 +$100 for each 1% move
- Today at 10x
- Liquidated The 24-hour move went past the 9.1% of room
- Hold a day
- +$507 Funding pays this side today
| Venue | Offers 10x | Liquidation | Room | Hold a day |
|---|---|---|---|---|
| Crypto.com | Yes | $0.1214 | −9.1% | +$507 |
| Bitget | Yes | $0.1227 | −8.2% | +$161 |
| Gate | Yes | $0.1227 | −8.2% | +$87.12 |
| KuCoin | Yes | $0.1227 | −8.2% | +$268 |
| MEXC | Yes | $0.1233 | −7.7% | +$232 |
| HTX | Yes | $0.1233 | −7.7% | +$29.35 |
| OKX | Yes | $0.1265 | −5.3% | +$154 |
| WOO X | Yes | $0.1265 | −5.3% | +$232 |
| WhiteBIT | Yes | $0.1265 | −5.3% | −$3.00 |
Below 10x:Hyperliquid Aster cap not publishedVariational cap not publishedBinance cap not publishedBingX cap not published
HYPE
ZEC
XRP
SPCX
SKHYNIXINIT perpetual market
Funding spread 2058.9% · long Crypto.com, short BingX · Price dispersion 255 bps
Shorts pay Longs pay (blue tint: negative funding, red tint: positive funding, stronger at larger rates)
View
Dimmed: 5 venues that cap below your 10x.
| Binance · daily | INITUSDT | – | – | $13.7M | – | 41% | $1.3B | 95.94x | – | – |
|---|---|---|---|---|---|---|---|---|---|---|
| MEXC | INIT_USDT | $0.1332 | -33.40% | $7.0M | +82.2% | 21% | $38.2M | 5.46x | -847.1% | 20x |
| OKX | INIT-USDT-SWAP | $0.1334 | -26.95% | $3.1M | -0.6% | 9.4% | $157.6M | 50.19x | -560.8% | 10x |
| WhiteBIT | INIT_PERP | $0.1344 | -40.67% | $2.4M | -30.3% | 7.1% | $476.1K | 0.20x | +10.9% | 10x |
| KuCoin | INITUSDTM | $0.1354 | -35.72% | $2.1M | -46.5% | 6.3% | $9.2M | 4.38x | -979.4% | 25x |
| Bitget | INITUSDT | $0.133 | -33.06% | $1.5M | -42.9% | 4.4% | $60.8M | 41.90x | -586.9% | 25x |
| BingX | INIT-USDT | $0.1331 | -32.69% | $1.4M | -57.3% | 4.3% | $16.5M | 11.44x | +209.4% | – |
| Gate | INIT_USDT | $0.1326 | -27.91% | $1.1M | +31.6% | 3.2% | $52.7M | 49.95x | -318.0% | 25x |
| Hyperliquid | INIT | $0.1334 | -27.75% | $882.5K | -25.6% | 2.6% | $17.4M | 19.72x | -1509.7% | 3x |
| Variational | INIT | $0.1334 | -26.38% | $98.0K | -21.0% | 0.3% | $1.7M | 17.55x | +10.9% | – |
| Aster | INITUSDT | $0.1328 | -32.37% | $37.8K | -67.6% | 0.1% | $983.7K | 26.05x | -606.1% | – |
| Crypto.com | INITUSD-PERP | $0.136 | -43.72% | $4.0K | -88.3% | <0.1% | $36.3K | 8.99x | -1849.5% | 50x |
| HTX | INIT-USDT | $0.1327 | – | $3.6K | – | <0.1% | $129.2K | 36.21x | -107.1% | 20x |
| WOO X | PERP_INIT_USDT | $0.133 | -33.83% | $1.2K | -3.4% | <0.1% | $1.1M | 913.52x | -847.8% | 10x |
| All venues | $0.1336 | -27.94% | $33.3M | -13.1% | 100% | $1.7B | 50.29x | -610.8% | 50x |
INIT funding rate
INIT funding is -610.8% a year, weighted by open interest across 14 venues, with 2058.9% between the highest and lowest venue.
INIT funding settlements, 7 days
Hyperliquid
Latest settled -2541.8% APR · hourly
Aster
Latest settled -1145.6% APR · hourly
Variational
Latest settled -514.0% APR · hourly
OKX
Latest settled -1038.6% APR · hourly
Bitget
Latest settled -685.0% APR · hourly
Gate
Latest settled -382.8% APR · hourly
MEXC
Latest settled -1349.0% APR · hourly
HTX
Latest settled -188.4% APR · hourly
KuCoin
Latest settled -1837.0% APR · hourly
WOO X
Latest settled -1349.7% APR · hourly
BingX
Latest settled -576.4% APR · hourly
WhiteBIT
Latest settled +10.9% APR · hourly
Crypto.com
Latest settled -1849.5% APR · hourly
| Venue | Settlements | 7-day avg APR | Lowest | Highest | Longs paid |
|---|---|---|---|---|---|
| Hyperliquid | 168 | -985.7% | -4380.0% | +10.9% | 62% of hours |
| Aster | 62 | -1511.1% | -17520.0% | +10.9% | 31% of hours |
| Variational | 168 | -1421.2% | -17520.0% | +17520.0% | 64% of hours |
| OKX | 59 | -781.8% | -8463.6% | +10.9% | 56% of hours |
| Bitget | 65 | -1217.0% | -17520.0% | +169.9% | 64% of hours |
| Gate | 48 | -609.0% | -9636.9% | +347.8% | 63% of hours |
| MEXC | 65 | -1657.5% | -17520.0% | +10.9% | 40% of hours |
| HTX | 15 | -1141.8% | -5161.8% | +10.9% | 7% of hours |
| KuCoin | 65 | -1458.0% | -17520.0% | +10.9% | 52% of hours |
| WOO X | 65 | -1656.4% | -17520.0% | +10.9% | 40% of hours |
| BingX | 65 | -2723.5% | -16644.0% | +593.9% | 65% of hours |
| WhiteBIT | 168 | -1325.7% | -17520.0% | +10.9% | 80% of hours |
| Crypto.com | 165 | -1343.3% | -8466.8% | +295.9% | 55% of hours |
INIT open interest
INIT open interest is $33.3M across 14 venues.
INIT liquidation map
Range
Current price $0.1645. Hover or use the arrow keys to read a level.
| Price range | Longs | Shorts |
|---|---|---|
| $0.1407 to $0.1415 | $600 | $0 |
163 accounts on Hyperliquid · $660.0K long · $796.4K short · Nov 11, 13:00 UTC
INIT liquidation history
INIT long and short liquidations by venue.
INIT volume and order flow
$1.7B of INIT traded in the last 24 hours across 14 venues.
INIT order book and taker flow
Hyperliquid
| Window | Taker buys | Taker sells | Net | Buy share |
|---|---|---|---|---|
| 1 hour | $5.9M | $5.8M | +$98.9K | 50% |
| 4 hours | $44.3M | $44.3M | +$20.8K | 50% |
| 12 hours | $132.9M | $131.0M | +$1.9M | 50% |
| 24 hours | $292.9M | $284.5M | +$8.4M | 51% |
| 3 days | $322.3M | $312.2M | +$10.1M | 51% |
| 7 days | $1.3B | $1.2B | +$22.8M | 50% |
INIT large trades, 7 days
Trades over $100K · liquidations over $10K
| Time | Venue | Trade | Size | Price |
|---|---|---|---|---|
| Nov 11, 09:32 UTC | OKX | Short liquidated | $20.1K | $0.1957 |
| Nov 11, 04:53 UTC | Bitget | Short liquidated | $10.2K | $0.2927 |
| Nov 11, 04:53 UTC | OKX | Short liquidated | $12.6K | $0.279 |
| Nov 11, 04:53 UTC | OKX | Short liquidated | $12.4K | $0.276 |
| Nov 11, 04:51 UTC | Gate | Short liquidated | $22.1K | $0.2745 |
| Nov 11, 04:51 UTC | Gate | Short liquidated | $17.9K | $0.2718 |
| Nov 11, 04:48 UTC | OKX | Short liquidated | $12.3K | $0.2735 |
| Nov 11, 04:48 UTC | OKX | Short liquidated | $12.2K | $0.2708 |
| Nov 11, 03:35 UTC | Bitget | Short liquidated | $11.5K | $0.2676 |
| Nov 11, 03:34 UTC | Bitget | Short liquidated | $13.9K | $0.2578 |
INIT news
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INIT coverage
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INIT listing and leverage changes
| When | Venue | Change |
|---|---|---|
| Nov 11, 2026 | OKX INIT-USDT-SWAP | Funding interval changed from every 2.0h to every 1h |
| Nov 10, 2026 | Aster INITUSDT | Funding interval changed from every 4.0h to every 1.0h |
| Nov 10, 2026 | BingX INIT-USDT | Funding interval changed from every 4.0h to every 1h |
| Nov 10, 2026 | Bitget INITUSDT | Funding interval changed from every 4.0h to every 1h |
| Nov 10, 2026 | Gate INIT_USDT | Funding interval changed from every 8.0h to every 1h |
| Nov 10, 2026 | KuCoin INITUSDTM | Funding interval changed from every 4.0h to every 1h |
| Nov 10, 2026 | MEXC INIT_USDT | Funding interval changed from every 4.0h to every 1h |
| Nov 10, 2026 | WOO X PERP_INIT_USDT | Funding interval changed from every 4.0h to every 1h |
| Nov 10, 2026 | OKX INIT-USDT-SWAP | Funding interval changed from every 4.0h to every 2h |
| Nov 10, 2026 | WhiteBIT INIT_PERP | Max leverage changed from 20.0x to 10.0x |
| Nov 10, 2026 | Variational INIT | Funding interval changed from every 4.0h to every 1h |
| Nov 10, 2026 | WhiteBIT INIT_PERP | Funding interval changed from every 4.0h to every 1h |
| Nov 9, 2026 | WhiteBIT INIT_PERP | Max leverage changed from 50.0x to 20.0x |
| Oct 15, 2026 | WOO X PERP_INIT_USDT | Listed again |
| Oct 15, 2026 | WOO X PERP_INIT_USDT | Delisted |
| Oct 1, 2026 | Kraken Futures PF_INITUSD | Delisted |