Injective (INJ) Perpetual Futures
Live Injective perpetual-futures data — price, funding rate, open interest, trader positioning and 24-hour liquidations, aggregated across major exchanges. Injective is a high-beta DeFi/derivatives token with active perp markets.
Injective (INJ) market read LIVE
Injective (INJ) is trading at $4.91, little changed over the last 24 hours. It ranks #101 by market cap at $491.1 million, with $38.1 million traded across markets in the past day. The aggregated funding rate is essentially flat at -0.0031% — neither longs nor shorts are paying a meaningful premium right now. Open interest across major exchanges stands at $69.1 million and has held roughly steady over 24 hours — about 14% of the coin's entire market cap sitting in open perp positions. $190K in INJ positions was liquidated over the past 24 hours — mostly longs ($159K vs $31K in shorts), so the recent pain came on the way down. Account positioning is close to balanced: 48% of accounts are long, 52% short — no crowded side. Momentum is muted — the price is roughly flat on both the week and the month. The price sits 91% below its all-time high of $52.62 (set in 2024).
Written from live exchange-aggregated derivatives data · updated 08:31 UTC · the numbers on this page refresh continuously.
Injective perpetual futures, explained
A INJ perpetual future (perp) lets you trade Injective with leverage and no expiry. The funding rate keeps the perp price tethered to spot — positive funding means INJ longs are paying shorts (crowded longs), negative means the reverse. Open interest is the total value of open INJ positions; a fast rise means new leverage is flowing in. Liquidations show where over-leveraged INJ traders got force-closed — long liquidations on drops, short liquidations on rallies.
How to use this INJ dashboard
Read the four numbers together. Heavy positive funding plus lopsided long positioning and rising open interest is a crowded long setup that can unwind sharply. A spike in long liquidations often marks a local INJ bottom; a wave of short liquidations can fuel a squeeze higher. Confirm entries on the technical screener and size with the INJ liquidation calculator so leverage never puts you closer to liquidation than you intend.
INJ data aggregated across major exchanges (deepest market shown). For information only — not financial advice.