Injective (INJ) Perpetual Futures

– 24h · perp mark price

24h volume – vs prior 24h Open interest – · Funding rate (OI-weighted, 8h) – annualised Long / short ratio (24h) – long Liquidations (24h) – longs OI / market cap – Market cap –

Injective price and derivatives history

Daily close and perpetual volume across tracked exchanges

Injective perpetual futures market

Injective is a layer 1 blockchain built for finance, with an on-chain order book module that apps use to run spot, perps and other derivatives markets. INJ pays fees, secures the chain through staking and votes in governance. Traders use INJ perps to trade the token with leverage, to short it when DeFi sentiment weakens, or to hedge staked INJ without waiting out the unbonding period.

Part of the fees generated by apps on Injective goes into regular burn auctions that remove INJ from supply, so ecosystem activity and burn size are worth watching alongside price. The chain is built with the Cosmos SDK, and INJ often trades with other Cosmos and DeFi assets. Binance leads perp volume, followed by Bybit, MEXC and OKX, and Hyperliquid also lists an INJ/USD market for traders who prefer an on-chain venue.

INJ funding rates INJ open interest INJ liquidations INJ long/short ratio

Ticker: INJ
Asset class: Crypto
Tracked markets: –
Most active venue: –
Funding intervals: –
Trading hours: 24/7
±1% order book depth: –

Injective perpetual markets by exchange

Every tracked INJ perpetual market

#	Exchange	Price	24h	Volume 24h	Open interest	OI 24h	Funding 8h	L/S	Liq. 24h	±1% depth	Trade

Open interest by exchange

Share of total · 24h change

All OI

Liquidations by exchange

Last 24h · long vs short

All liquidations

Taker buy vs sell

Last 4h · buy share of taker volume

Long/short data

Injective perpetual futures FAQ

Live answers use data from every tracked INJ perpetual markets · updated –

What is the INJ funding rate today?

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How much INJ open interest is there?

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What is Injective?

Injective is a proof-of-stake layer 1 blockchain designed for financial apps such as exchanges, prediction markets and tokenised asset platforms. It offers shared order book infrastructure that apps can plug into. INJ is the native token used for fees, staking and governance.

What is INJ perpetual futures trading volume?

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Are traders long or short INJ right now?

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How does the INJ burn auction work?

A share of fees from apps on Injective is collected into a basket of assets that is auctioned on a regular schedule. Bidders pay in INJ, and the winning INJ bid is burned, which reduces supply. Larger ecosystem revenue means larger auctions and more INJ removed.

Does staking INJ affect its perps market?

Staking locks INJ with validators to earn rewards, and unbonding takes several weeks, so staked holders cannot sell quickly. Some hedge with short perps instead, which can push funding negative even when spot demand is steady. A high staking ratio also leaves fewer liquid tokens on exchanges.

How much INJ was liquidated in the last 24 hours?

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Why does INJ trade with DeFi and Cosmos tokens?

INJ shares investors and narratives with DeFi tokens because its main use is financial applications. It also moves with Cosmos assets because the chain is built with the Cosmos SDK and connects through IBC. Sector-wide moves in either group often show up in INJ funding and open interest.

What are INJ perpetual futures?

INJ perpetual futures are derivatives contracts that track the price of INJ and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any INJ.

How does INJ funding work?

Funding is a payment between longs and shorts. When INJ perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.

Where can I trade INJ perpetuals?

Compare venues, fees and features on the best perpetual exchanges page.

Should I long or short INJ?

Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.