INIT perpetual futuresOpen interest
Chart$31.7M -31.8% 24h
| Venue | Open interest | 24h change |
|---|---|---|
| Binance | $13.7M | |
| MEXC | $6.1M | -9.9% |
| OKX | $3.1M | -17.2% |
| WhiteBIT | $2.2M | -46.5% |
Crypto perp · up to 50x · 14 venues
INIT perpetual futures
INIT perpetual futures carry $31.7M in open interest across 14 venues, led by Binance with 43%. The contract is down 38.12% over 24 hours. Maximum leverage is 50x, on Crypto.com; open-interest-weighted funding is negative at 729.5% 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
$0.1183Live
Loading the price chart.
INIT at a glance
Volume, 24h
Chart$1.6B +632.3% d/d
- Volume / OI
- 51.41x
- Nov 10, full day
- $1.9B
- 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-729.5% a year
- Widest venue gap
- 2700.7% long Variational, short WhiteBIT
- Paid over 24h, MEXC
- -13.292% 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
- $22.2K / $94.2K
- 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
- $0.1076 −9.1% from $0.1183 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 | $0.1076 | −9.1% | +$687 |
| Bitget | Yes | $0.1086 | −8.2% | +$258 |
| Gate | Yes | $0.1086 | −8.2% | +$146 |
| KuCoin | Yes | $0.1086 | −8.2% | +$289 |
| MEXC | Yes | $0.1092 | −7.7% | +$190 |
| HTX | Yes | $0.1092 | −7.7% | +$1.25 |
| OKX | Yes | $0.1121 | −5.3% | +$278 |
| WOO X | Yes | $0.1121 | −5.3% | +$278 |
| WhiteBIT | Yes | $0.1121 | −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 2700.7% · long Variational, short WhiteBIT · Price dispersion 503 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 | – | 43% | $1.3B | 95.94x | – | – |
|---|---|---|---|---|---|---|---|---|---|---|
| MEXC | INIT_USDT | $0.118 | -45.39% | $6.1M | -9.9% | 19% | $30.3M | 5.00x | -693.8% | 20x |
| OKX | INIT-USDT-SWAP | $0.1181 | -42.26% | $3.1M | -17.2% | 9.7% | $134.5M | 43.95x | -1014.5% | 10x |
| WhiteBIT | INIT_PERP | $0.1178 | -52.23% | $2.2M | -46.5% | 7.0% | $476.2K | 0.21x | +10.9% | 10x |
| KuCoin | INITUSDTM | $0.1209 | -45.93% | $2.0M | -47.2% | 6.3% | $8.2M | 4.10x | -1056.5% | 25x |
| Bitget | INITUSDT | $0.1179 | -42.68% | $1.4M | -51.5% | 4.3% | $53.5M | 39.58x | -941.7% | 25x |
| BingX | INIT-USDT | $0.1182 | -45.55% | $1.3M | -59.9% | 4.0% | $15.1M | 12.04x | -491.6% | – |
| Gate | INIT_USDT | $0.1174 | -42.98% | $1.1M | +23.3% | 3.3% | $48.8M | 46.18x | -534.4% | 25x |
| Hyperliquid | INIT | $0.1185 | -37.98% | $824.5K | -22.2% | 2.6% | $16.3M | 19.80x | -1156.5% | 3x |
| Variational | INIT | $0.1187 | -38.21% | $103.6K | -32.4% | 0.3% | $1.7M | 16.83x | -2689.7% | – |
| Aster | INITUSDT | $0.1184 | -42.50% | $27.4K | -61.9% | <0.1% | $817.3K | 29.86x | -462.3% | – |
| HTX | INIT-USDT | $0.1182 | – | $4.7K | – | <0.1% | $192.0K | 41.26x | -4.6% | 20x |
| Crypto.com | INITUSD-PERP | $0.1192 | -44.66% | $3.7K | -77.4% | <0.1% | $30.9K | 8.45x | -2509.3% | 50x |
| WOO X | PERP_INIT_USDT | $0.1233 | -42.92% | $838 | +36.7% | <0.1% | $996.7K | 1189.42x | -1014.0% | 10x |
| All venues | $0.1183 | -38.12% | $31.7M | -31.8% | 100% | $1.6B | 51.41x | -729.5% | 50x |
INIT funding rate
INIT funding is -729.5% a year, weighted by open interest across 14 venues, with 2700.7% between the highest and lowest venue.
INIT funding settlements, 7 days
Hyperliquid
Latest settled -1759.1% APR · hourly
Aster
Latest settled -858.3% 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 | -1005.3% | -4380.0% | +10.9% | 61% of hours |
| Aster | 63 | -1537.8% | -17520.0% | +10.9% | 29% of hours |
| Variational | 167 | -1429.8% | -17520.0% | +17520.0% | 63% of hours |
| OKX | 59 | -799.3% | -8463.6% | +10.9% | 55% of hours |
| Bitget | 65 | -1242.6% | -17520.0% | +169.9% | 63% of hours |
| Gate | 48 | -638.2% | -9636.9% | +347.8% | 61% of hours |
| MEXC | 65 | -1692.6% | -17520.0% | +10.9% | 38% of hours |
| HTX | 16 | -1079.9% | -5161.8% | +10.9% | 6% of hours |
| KuCoin | 65 | -1490.3% | -17520.0% | +10.9% | 50% of hours |
| WOO X | 65 | -1691.4% | -17520.0% | +10.9% | 38% of hours |
| BingX | 65 | -2772.2% | -16644.0% | +593.9% | 65% of hours |
| WhiteBIT | 167 | -1333.7% | -17520.0% | +10.9% | 80% of hours |
| Crypto.com | 164 | -1363.5% | -8466.8% | +295.9% | 54% of hours |
INIT open interest
INIT open interest is $31.7M across 14 venues.
INIT liquidation map
Range
Current price $0.1322. Hover or use the arrow keys to read a level.
| Price range | Longs | Shorts |
|---|---|---|
| $0.1124 to $0.113 | $4.2K | $0 |
142 accounts on Hyperliquid · $637.0K long · $504.2K short · Nov 12, 00:00 UTC
INIT liquidation history
INIT long and short liquidations by venue.
INIT volume and order flow
$1.6B 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 |