Initia (INIT) Funding Rate and Open Interest on Bybit
Live Bybit INIT data from Bybit's public API. Charts show Bybit only; the table compares INIT on every tracked exchange.
Bybit has $1.72M of INIT perpetual open interest, 11.9% of the $14.47M across the 7 exchanges counted in the INIT total here (#2). INIT funding on Bybit is -0.0811% per 8 hours (≈-89% APR), settles every 4 hours with a current interval quote of -0.0405%, below the OI-weighted average of -0.0062% across exchanges. Bybit INIT open interest changed +60.03% over the last 24h. $39K of Bybit INIT positions were liquidated over the last 24 hours, 33.1% of it longs.
Bybit INIT liquidations · last 24 hours
All liquidations →INIT markets on Bybit
1 perp · 1 spotINIT funding on Bybit
8h equivalent, this exchange onlyLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
INIT open interest on Bybit
USD, this exchange onlyLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Seven completed days of INIT funding observations on Bybit
| UTC date | Mean funding / 8h | Observed hours |
|---|---|---|
| 0.0013% | 24/24 hours | |
| 0.0091% | 24/24 hours | |
| 0.0046% | 24/24 hours | |
| 0.0001% | 24/24 hours | |
| 0.0083% | 24/24 hours | |
| 0.0099% | 24/24 hours | |
| 0.0076% | 24/24 hours |
Daily mean of hourly observed 8-hour-equivalent funding, not settled payments or a cashflow sum. Each hour uses the chart's open-interest weighting across Bybit INIT perpetual contracts (a plain mean when no positive OI is available). Stored rates are already normalized; today's settlement interval is not applied again. Coverage counts usable hourly buckets, not every five-minute sample. Missing hours are excluded, not zero.
INIT on every exchange
INIT funding, all exchanges →| # | Exchange | Open interest | Share | Funding / 8h | APR | Perp vol 24h |
|---|---|---|---|---|---|---|
| 1 | Binance | $10.81M | 74.7% | 0.0100% | ≈11% APR | $33.67M |
| 2 | Bybit | $1.72M | 11.9% | -0.0811% | ≈-89% APR | $17.40M |
| 3 | Hyperliquid | $887K | 6.1% | -0.0770% | ≈-84% APR | $3.63M |
| 4 | Bitget | $497K | 3.4% | 0.0100% | ≈11% APR | $2.59M |
| 5 | KuCoin | $424K | 2.9% | 0.0100% | ≈11% APR | $415K |
| 6 | Gate | $109K | 0.8% | 0.0100% | ≈11% APR | $709K |
| 7 | Aster | $15K | 0.1% | 0.0100% | ≈11% APR | $123K |
| — | MEXC | $356K | not ranked | 0.0100% | ≈11% APR | $673K |
How it's counted. Open interest is the USD value of open INIT perpetual positions (one side) at the mark price. Funding is shown as the 8-hour equivalent so exchanges with 1-, 4- and 8-hour settlements compare directly; the interval column gives the current quoted rate for each market's native funding interval. This quote can change before settlement and does not prove a payment already occurred. HIP-3 markets that share the ticker are left out. Coverage: Every liquidation (allLiquidation stream); OI and funding polled every 30s; USDT and inverse perps.
INIT on Bybit FAQ
What is the INIT funding rate on Bybit?
-0.0811% per 8 hours (-0.0405% per 4 hours, the current quote; ≈-89% APR) is the INIT perpetual funding rate on Bybit. Negative means shorts pay longs. The chart below shows Bybit's INIT funding history only.
How often does Bybit pay INIT funding?
Bybit settles INIT funding every 4 hours; the 8-hour figures on this page are scaled to that interval for comparison. The current quote can change before settlement and does not prove a payment already occurred.
How much INIT open interest is on Bybit?
$1.72M open INIT perpetual positions on Bybit, valued at the current mark price and counted on one side. The comparison table shows every other exchange's share.
Where does the data come from?
Bybit's public market-data API, read live by this site. Nothing here comes from paid data vendors.