INIT perpetual futuresOpen interest
Chart$30.8M -35.9% 24h
| Venue | Open interest | 24h change |
|---|---|---|
| Binance | $13.7M | |
| MEXC | $5.4M | -44.4% |
| OKX | $3.0M | -7.0% |
| WhiteBIT | $2.2M | -31.5% |
Crypto perp · up to 50x · 14 venues
INIT perpetual futures
INIT perpetual futures carry $30.8M in open interest across 14 venues, led by Binance with 45%. The contract is down 48.65% over 24 hours. Maximum leverage is 50x, on Crypto.com; open-interest-weighted funding is negative at 536.4% annualized, paid to longs.
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As of
- Hyperliquid, 179 markets
- Aster, 578 markets
- Variational, 588 markets
- Aevo, unavailable
- 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
$0.1108Live
Loading the price chart.
INIT at a glance
Volume, 24h
Chart$1.6B +632.3% d/d
- Volume / OI
- 52.37x
- 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-536.4% a year
- Widest venue gap
- 2520.2% long Crypto.com, short WhiteBIT
- Paid over 24h, MEXC
- -10.903% 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
Accounts15% long, large accounts
- Long / short
- $16.7K / $97.7K
- Accounts
- 8 long · 7 short (1.14 L/S)
Liquidity ±1%
No order book depth for this market.
Liquidations within 5%
Map- Longs, price down 5%
- $0
- Shorts, price up 5%
- $0
INIT at your leverage
- Liquidation price
- $0.1007 −9.1% from $0.1108 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 | $0.1007 | −9.1% | +$687 |
| Bitget | Yes | $0.1018 | −8.2% | +$247 |
| Gate | Yes | $0.1018 | −8.2% | +$93.60 |
| KuCoin | Yes | $0.1018 | −8.2% | +$321 |
| MEXC | Yes | $0.1023 | −7.7% | +$167 |
| HTX | Yes | $0.1023 | −7.7% | +$16.89 |
| OKX | Yes | $0.105 | −5.3% | +$99.86 |
| WOO X | Yes | $0.105 | −5.3% | +$167 |
| WhiteBIT | Yes | $0.105 | −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 892 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 | – | 45% | $1.3B | 95.94x | – | – |
|---|---|---|---|---|---|---|---|---|---|---|
| MEXC | INIT_USDT | $0.1107 | -45.21% | $5.4M | -44.4% | 17% | $27.9M | 5.19x | -610.6% | 20x |
| OKX | INIT-USDT-SWAP | $0.1108 | -41.67% | $3.0M | -7.0% | 9.8% | $127.1M | 42.19x | -364.5% | 10x |
| WhiteBIT | INIT_PERP | $0.1101 | -49.82% | $2.2M | -31.5% | 7.2% | $462.4K | 0.21x | +10.9% | 10x |
| KuCoin | INITUSDTM | $0.1126 | -47.31% | $2.0M | -32.6% | 6.5% | $6.8M | 3.42x | -1172.1% | 25x |
| Bitget | INITUSDT | $0.1108 | -42.80% | $1.3M | -46.6% | 4.2% | $52.3M | 40.41x | -903.2% | 25x |
| BingX | INIT-USDT | $0.1107 | -45.05% | $1.3M | -58.2% | 4.1% | $14.8M | 11.82x | -273.3% | – |
| Gate | INIT_USDT | $0.11 | -42.18% | $1.1M | +39.6% | 3.4% | $47.7M | 45.09x | -341.6% | 25x |
| Hyperliquid | INIT | $0.1104 | -48.57% | $738.6K | -28.3% | 2.4% | $16.3M | 22.06x | -528.4% | 3x |
| Variational | INIT | $0.1116 | -37.26% | $139.2K | -39.8% | 0.5% | $1.8M | 13.07x | -1458.2% | – |
| Aster | INITUSDT | $0.1104 | -50.94% | $25.7K | -67.9% | <0.1% | $707.3K | 27.56x | -278.8% | – |
| HTX | INIT-USDT | $0.1109 | – | $5.4K | – | <0.1% | $205.0K | 38.11x | -61.7% | 20x |
| Crypto.com | INITUSD-PERP | $0.1199 | -40.09% | $3.7K | -75.7% | <0.1% | $29.0K | 7.87x | -2509.3% | 50x |
| WOO X | PERP_INIT_USDT | $0.1106 | -45.44% | $985 | +59.6% | <0.1% | $989.8K | 1004.92x | -611.1% | 10x |
| All venues | $0.1108 | -48.65% | $30.8M | -35.9% | 100% | $1.6B | 52.37x | -536.4% | 50x |
INIT funding rate
INIT funding is -536.4% 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 -1728.2% APR · hourly
Aster
Latest settled -745.7% APR · hourly
Variational
Latest settled -1292.5% APR · hourly
OKX
Latest settled -540.3% APR · hourly
Bitget
Latest settled -781.4% APR · hourly
Gate
Latest settled -505.5% APR · hourly
MEXC
Latest settled -1129.2% APR · hourly
HTX
Latest settled -106.0% APR · hourly
KuCoin
Latest settled -1410.4% APR · hourly
WOO X
Latest settled -1126.9% APR · hourly
BingX
Latest settled -343.4% APR · hourly
WhiteBIT
Latest settled +10.9% APR · hourly
Crypto.com
Latest settled -2509.3% APR · hourly
| Venue | Settlements | 7-day avg APR | Lowest | Highest | Longs paid |
|---|---|---|---|---|---|
| Hyperliquid | 168 | -1015.7% | -4380.0% | +10.9% | 61% of hours |
| Aster | 64 | -1533.1% | -17520.0% | +10.9% | 28% of hours |
| Variational | 167 | -1437.6% | -17520.0% | +17520.0% | 63% of hours |
| OKX | 60 | -797.7% | -8463.6% | +10.9% | 55% of hours |
| Bitget | 66 | -1239.9% | -17520.0% | +169.9% | 63% of hours |
| Gate | 49 | -637.4% | -9636.9% | +347.8% | 61% of hours |
| MEXC | 66 | -1689.2% | -17520.0% | +10.9% | 38% of hours |
| HTX | 17 | -988.8% | -5161.8% | +10.9% | 12% of hours |
| KuCoin | 66 | -1489.9% | -17520.0% | +10.9% | 50% of hours |
| WOO X | 66 | -1688.1% | -17520.0% | +10.9% | 38% of hours |
| BingX | 66 | -2757.8% | -16644.0% | +593.9% | 64% of hours |
| WhiteBIT | 167 | -1333.7% | -17520.0% | +10.9% | 80% of hours |
| Crypto.com | 164 | -1379.4% | -8466.8% | +295.9% | 54% of hours |
INIT open interest
INIT open interest is $30.8M across 14 venues.
INIT liquidation map
Range
Current price $0.121. Hover or use the arrow keys to read a level.
| Price range | Longs | Shorts |
|---|---|---|
| $0.1122 to $0.1125 | $4.2K | $0 |
147 accounts on Hyperliquid · $641.6K long · $616.8K short · Nov 12, 01:00 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 | $2.3M | $3.0M | −$677.5K | 44% |
| 4 hours | $13.0M | $12.8M | +$177.5K | 50% |
| 12 hours | $69.1M | $72.4M | −$3.3M | 49% |
| 24 hours | $262.8M | $264.7M | −$1.8M | 50% |
| 3 days | $686.7M | $677.0M | +$9.7M | 50% |
| 7 days | $586.8M | $579.5M | +$7.2M | 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 |
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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 |