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INJ live: funding rate, open interest, liquidations & volume spikes

INJ trades on 7 exchanges tracked by Volume Monitor (Binance, Bitget, Bybit, Gate, Hyperliquid, KuCoin and MEXC) across 7 perpetual futures and 3 spot markets. The last price is 7.786 USDT on Binance (+0.54% in the last hour), and 24h volume is $143.80M ($129.25M perps, $14.55M spot). Perpetual open interest totals $116.29M. The OI-weighted funding rate is -0.0038% per 8h (≈-4% APR), so shorts pay longs. $5,341 of INJ positions were liquidated on Binance, Bybit, Bitget, Gate and HTX in the last 5 hours (since tracking began), 21% longs and 79% shorts. The scanner flagged 22 volume spikes on INJ since it started.

Tracking for ~5h Updates every 5 s HistoryMarketsLong/shortSpikesLiquidations

PriceBinance perp
7.786
1h +0.54% 24h —
24h volumespot + perp
$143.80M
Perp $129.25MSpot $14.55M
Open interest7 perps
$116.29M
1h — 24h —
Funding, 8hOI-weighted
-0.0038%
≈-4% APRshorts pay longs
Liquidations 24hpartial
$5,341
Longs $1,139Shorts $4,203
Volume spikes 24hpartial
22
Net spike flow+$499K

INJ open interest, funding, liquidations and long/short history

From recorded history, hourly

INJ open interest is up 26.7% since 13:15 UTC on 27 Sep, from $59.48M to $75.38M. INJ funding has averaged -0.0125% per 8 hours since 13:15 UTC on 27 Sep (≈-14% APR), positive in 0% of hourly readings, so shorts mostly paid longs. $5,342 of INJ positions were liquidated since 13:15 UTC on 27 Sep: $1,139 longs (21.3%) and $4,203 shorts. The biggest hour was 13:00 UTC on 27 Sep, with $3,561. 59.1% of INJ trader accounts on Binance and Bybit are net long, down 2.0 points over the past 24 hours (from 61.1%).

INJ price

Chart: TradingView Lightweight Charts™

INJ open interest

All perps, USD

Chart: TradingView Lightweight Charts™

INJ funding rate

OI-weighted, 8h

Chart: TradingView Lightweight Charts™

INJ liquidations

Longs up, shorts down

Chart: TradingView Lightweight Charts™

INJ long/short ratio

Share of accounts long, Binance and Bybit

Chart: TradingView Lightweight Charts™

INJ CVD and taker flow

Spot vs perp, from range start · bars: net taker buys

Chart: TradingView Lightweight Charts™

INJ markets: funding rate & open interest by exchange

Funding as 8h equivalent (hover for APR) · OI changes need history
Market Price 1h 24h 24h volume Funding 8h Open interest OI 1h OI 4h OI 24h Trade
Binance perp INJUSDT 7.786 +0.54% — $60.30M -0.0040% $34.54M +0.66% +1.02% — Trade
MEXC perp INJ_USDT 7.790 — — $13.69M 0.0088% $31.86M — — — Trade
Bitget perp INJUSDT 7.795 +0.53% — $7.74M 0.0100% $14.65M +0.63% — — Trade
Hyperliquid perp INJ 7.783 +0.58% — $8.07M 0.0100% $13.69M +0.94% -0.21% — Trade
Bybit perp INJUSDT 7.781 +0.53% — $20.24M 0.0100% $11.41M +0.64% -0.69% — Trade
KuCoin perp INJUSDTM 7.792 — — $14.59M -0.0973% $8.89M — — — Trade
Gate perp INJ_USDT 7.793 +0.61% — $4.61M -0.0939% $1.26M +0.83% — — Trade
Binance spot INJUSDT 7.779 +0.50% — $9.83M — — — — — Trade
Bybit spot INJUSDT 7.782 +0.52% — $2.65M — — — — — Trade
Binance spot INJUSDC 7.777 +0.57% — $2.07M — — — — — Trade

Price and OI changes appear once the server has enough history: it records 5-minute snapshots since its last restart (~5h ago), so 1h values fill in after an hour and 24h values after a day. Trade links go to the exchange and may be referral links.

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INJ long/short ratio

All coins' long/short ratios →
Binance accounts
50.6% longRatio 1.02
Short 49.4%1h 0.04h -0.624h -2.9
Binance top traders
72.5% longRatio 2.64
Short 27.5%1h 0.04h -0.424h +0.9
Bybit accounts
68.0% longRatio 2.12
Short 32.0%1h +0.54h +0.224h -0.5
Binance accountsBinance top tradersBybit accounts50% = even

Share of longs; changes in percentage points (pp). Accounts = share of accounts with a net long position; top traders = share of the combined position of Binance's top 20% of traders by margin that is long. New points every 5 minutes; 24h history backfilled from the exchanges.

Spikes on record18
Buy-side8
Mixed5
Sell-side5
Time Venue Type Side $ in 1m × normal Buy % +5m +15m +1h
40m ago BIN perp VOL BUY $98K 5.6× 92% +0.09%-0.30%—
82m ago BIN perp VOL SELL $84K 4.2× 17% +0.06%-0.01%+0.18%
2h ago BYB perp VOL MIXED $127K 18.5× 53% -0.63%-0.75%-0.84%
2h ago BIN perp VOL BUY $238K 11.3× 81% -0.61%-0.75%-0.88%
2h ago BIN spot VOL BUY $35K 12.8× 81% -0.06%+0.18%-0.53%
2h ago BYB perp VOL SELL $81K 5.5× 13% +0.53%+0.28%+0.43%
3h ago BYB perp VOL MIXED $378K 28.5× 50% -0.25%+0.09%+1.07%
3h ago BIN perp VOL BUY $182K 4.1× 71% -0.51%-1.02%-0.26%
3h ago BIN spot VOL BUY $114K 29.1× 95% -0.98%-1.41%-0.79%
3h ago BIN spot VOL BUY $48K 12.5× 64% -0.36%-0.94%-0.89%
3h ago BIN perp VOL MIXED $156K 4.4× 51% -0.33%-1.17%-1.06%
3h ago BYB perp VOL MIXED $90K 9.4× 52% +0.40%-0.41%-0.46%
3h ago BIN perp VOL SELL $112K 4.3× 39% +0.62%-0.13%-0.21%
3h ago BIN spot VOL BUY $32K 8.9× 68% +0.55%-0.14%-0.24%
3h ago BIN perp VOL SELL $131K 4.9× 16% +0.31%+1.71%+0.40%
3h ago BIN spot VOL MIXED $38K 10.9× 55% +0.36%+1.68%+0.38%
4h ago BIN perp VOL SELL $145K 5.0× 20% -0.09%-0.40%+0.35%
4h ago BYB perp VOL BUY $123K 17.0× 98% -0.09%-0.12%-0.06%

Newest first, up to 100. +5m / +15m / +1h show the price change after each spike and fill in as time passes. They describe the past, not a prediction.

INJ liquidations: long vs short

All liquidations →

INJ perps trade only on Hyperliquid, which does not publish a liquidation feed.

About the INJ numbers

INJ funding rate

Perpetual futures have no expiry, so exchanges keep their price close to spot with periodic funding payments between longs and shorts. A positive INJ funding rate means longs pay shorts (more demand for leveraged longs); negative means shorts pay longs. Rates here are converted to an 8-hour equivalent so exchanges with 1h, 4h and 8h intervals compare directly, and the headline figure is weighted by each exchange's open interest.

INJ open interest

Open interest is the USD value of all open INJ perpetual positions. Rising OI alongside a price move means new positions are opening; falling OI means positions are closing (including liquidations). OI changes are measured from 5-minute snapshots.

INJ liquidations

A liquidation is a leveraged position the exchange closed by force. Long liquidations are forced sells that hit when price drops; short liquidations are forced buys when price rises. The long/short split shows which side was caught.

INJ long/short ratio

The share of traders long versus short on INJ perpetuals. Accounts figures count each account once (the share with a net long position on Binance, or holding a long on Bybit); the Binance top traders figure is the share of the combined position of the top 20% of Binance traders by margin that is long. A ratio above 1 means more longs than shorts. Retail account ratios lean long most of the time, so changes and divergences say more than the level. See the INJ long/short ratio page.

INJ volume spikes

A spike is a minute where one INJ market traded at least 4× its normal minute volume, with a size floor. Buy % is the share of taker buys. The +5m / +15m / +1h columns show what price did afterwards. They are history, not a signal. Not financial advice.