INIT perpetual futuresOpen interest
Chart$33.2M -21.0% 24h
| Venue | Open interest | 24h change |
|---|---|---|
| Binance | $13.7M | |
| MEXC | $6.9M | +18.8% |
| OKX | $3.2M | -13.0% |
| WhiteBIT | $2.4M | -27.5% |
Crypto perp · up to 50x · 14 venues
INIT perpetual futures
INIT perpetual futures carry $33.2M in open interest across 14 venues, led by Binance with 41%. The contract is down 35.69% over 24 hours. Maximum leverage is 50x, on Crypto.com; open-interest-weighted funding is negative at 797.4% annualized, paid to longs.
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As of
- Hyperliquid, 179 markets
- Aster, 578 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
$0.1306Live
Loading the price chart.
INIT at a glance
Volume, 24h
Chart$1.7B +632.3% d/d
- Volume / OI
- 49.80x
- 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-797.4% a year
- Widest venue gap
- 2520.2% long Crypto.com, short WhiteBIT
- Paid over 24h, MEXC
- -15.021% shorts paid
Liquidations
Chart$1.8M 24h
LongsShorts
| Window | Longs liquidated against shorts liquidated | Amount |
|---|---|---|
| 1h | recording | |
| 4h | recording | |
| 24h | recording | |
| 7d | recording |
Taker flow
Chart50% buys, 24h
BuysSells
| Window | Taker buys against taker sells | Amount |
|---|---|---|
| 1h | recording | |
| 4h | recording | |
| 24h | recording | |
| 7d | recording |
Long vs short
Accounts19% long, large accounts
- Long / short
- $23.8K / $100.4K
- Accounts
- 8 long · 6 short (1.33 L/S)
Liquidity ±1%
Depth$140.5K resting
BidsAsks
- Bids / asks
- $73.6K / $66.9K
Liquidations within 5%
Map- Longs, price down 5%
- $0
- Shorts, price up 5%
- $0
INIT at your leverage
- Liquidation price
- $0.1187 −9.1% from $0.1306 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
- +$687 Funding pays this side today
| Venue | Offers 10x | Liquidation | Room | Hold a day |
|---|---|---|---|---|
| Crypto.com | Yes | $0.1187 | −9.1% | +$687 |
| Bitget | Yes | $0.1199 | −8.2% | +$229 |
| Gate | Yes | $0.1199 | −8.2% | +$149 |
| KuCoin | Yes | $0.1199 | −8.2% | +$307 |
| MEXC | Yes | $0.1205 | −7.7% | +$288 |
| HTX | Yes | $0.1205 | −7.7% | +$74.94 |
| OKX | Yes | $0.1237 | −5.3% | +$191 |
| WOO X | Yes | $0.1237 | −5.3% | +$288 |
| WhiteBIT | Yes | $0.1237 | −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 2520.2% · long Crypto.com, short WhiteBIT · Price dispersion 246 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 | $0.1299 | -39.59% | $6.9M | +18.8% | 21% | $32.8M | 4.75x | -1052.1% | 20x |
| OKX | INIT-USDT-SWAP | $0.13 | -33.28% | $3.2M | -13.0% | 9.6% | $149.5M | 46.96x | -697.0% | 10x |
| WhiteBIT | INIT_PERP | $0.1318 | -49.83% | $2.4M | -27.5% | 7.1% | $482.3K | 0.20x | +10.9% | 10x |
| KuCoin | INITUSDTM | $0.1329 | -40.47% | $2.1M | -46.1% | 6.2% | $8.3M | 4.02x | -1121.3% | 25x |
| BingX | INIT-USDT | $0.1304 | -39.00% | $1.4M | -56.5% | 4.2% | $15.7M | 11.34x | -289.1% | – |
| Bitget | INITUSDT | $0.1301 | -38.28% | $1.4M | -44.2% | 4.1% | $56.4M | 41.11x | -835.7% | 25x |
| Gate | INIT_USDT | $0.1297 | -33.15% | $1.1M | +27.2% | 3.2% | $49.3M | 46.76x | -544.9% | 25x |
| Hyperliquid | INIT | $0.1308 | -35.58% | $917.9K | -20.6% | 2.8% | $17.1M | 18.60x | -1623.6% | 3x |
| Variational | INIT | $0.1327 | -30.69% | $127.1K | -45.5% | 0.4% | $1.7M | 13.57x | -518.9% | – |
| Aster | INITUSDT | $0.1305 | -38.55% | $36.3K | -58.1% | 0.1% | $890.7K | 24.51x | -759.1% | – |
| HTX | INIT-USDT | $0.1303 | – | $5.3K | – | <0.1% | $172.9K | 32.91x | -273.5% | 20x |
| Crypto.com | INITUSD-PERP | $0.1322 | -37.77% | $4.1K | -74.8% | <0.1% | $36.9K | 9.09x | -2509.3% | 50x |
| WOO X | PERP_INIT_USDT | $0.13 | -39.48% | $1.0K | +80.3% | <0.1% | $1.0M | 1009.47x | -1052.3% | 10x |
| All venues | $0.1306 | -35.69% | $33.2M | -21.0% | 100% | $1.7B | 49.80x | -797.4% | 50x |
INIT funding rate
INIT funding is -797.4% a year, weighted by open interest across 14 venues, with 2520.2% between the highest and lowest venue.
INIT funding settlements, 7 days
Hyperliquid
Latest settled -1505.8% APR · hourly
Aster
Latest settled -592.2% APR · hourly
Variational
Latest settled +10.9% APR · hourly
OKX
Latest settled -536.0% APR · hourly
Bitget
Latest settled -583.4% APR · hourly
Gate
Latest settled -320.6% APR · hourly
MEXC
Latest settled -847.1% APR · hourly
HTX
Latest settled -151.4% APR · hourly
KuCoin
Latest settled -978.5% APR · hourly
WOO X
Latest settled -836.7% APR · hourly
BingX
Latest settled +209.4% 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 | -994.8% | -4380.0% | +10.9% | 62% of hours |
| Aster | 63 | -1505.7% | -17520.0% | +10.9% | 30% of hours |
| Variational | 168 | -1421.2% | -17520.0% | +17520.0% | 64% of hours |
| OKX | 60 | -780.3% | -8463.6% | +10.9% | 56% of hours |
| Bitget | 66 | -1213.3% | -17520.0% | +169.9% | 64% of hours |
| Gate | 49 | -607.3% | -9636.9% | +347.8% | 63% of hours |
| MEXC | 66 | -1652.8% | -17520.0% | +10.9% | 40% of hours |
| HTX | 16 | -1079.9% | -5161.8% | +10.9% | 6% of hours |
| KuCoin | 66 | -1455.2% | -17520.0% | +10.9% | 51% of hours |
| WOO X | 66 | -1651.6% | -17520.0% | +10.9% | 40% of hours |
| BingX | 66 | -2706.3% | -16644.0% | +593.9% | 65% of hours |
| WhiteBIT | 168 | -1325.7% | -17520.0% | +10.9% | 80% of hours |
| Crypto.com | 165 | -1354.5% | -8466.8% | +295.9% | 55% of hours |
INIT open interest
INIT open interest is $33.2M across 14 venues.
INIT liquidation map
Range
Current price $0.1356. Hover or use the arrow keys to read a level.
| Price range | Longs | Shorts |
|---|---|---|
| $0.1118 to $0.1125 | $4.2K | $0 |
148 accounts on Hyperliquid · $665.8K long · $513.0K short · Nov 11, 23:00 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 | $1.3M | $1.8M | −$446.7K | 43% |
| 4 hours | $8.3M | $8.0M | +$276.8K | 51% |
| 12 hours | $47.6M | $49.7M | −$2.1M | 49% |
| 24 hours | $180.5M | $180.7M | −$164.5K | 50% |
| 3 days | $447.4M | $437.6M | +$9.8M | 51% |
| 7 days | $342.0M | $334.5M | +$7.5M | 51% |
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 |
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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 |