Squeeze Insights Lab
All Pairs

INJ/USDT

Last updated: 11/2/2026, 4:28:34 AM

LOW RISK

Market calm across metrics

Stress Score (Normalized)
0.0250–1
1.0
Low RiskExtreme

Pulse signals— velocity & rarity composite

What's moving fast right now. Independent from the static stress score.

View timeline →
Pulse score (0–1)
0.377
Higher = inputs are simultaneously rare for this token and changing fast.
OI Δ 24h
+1.9%
OI Δ 7d
-20.8%
OI acceleration
-5.6%
ΔFunding 24h
-0.004%
|Funding| %ile
22
Vol compression
95
Volume spike
0
Perp basis
-0.055%

Stress-score timeline

StressPulse
00.5108-0508-2309-0909-2710-1511-02
2026-08-05 → 2026-11-02 · daily snapshots since tracking began

Aggregated Open Interest (All Exchanges)

Total OI
$51.55M
Binance
$21.21M
41.1%
Bybit
$14.53M
28.2%
KuCoin
$15.81M
30.7%
Market Cap
$720.53M
Market Cap / Aggregated OI
$720.53M / $51.55M= 13.9763

Risk Signals (Extra)

OI / Volume (24h)
1.322
Level: high
Exchange OI Dominance
binance
Share: 41.1%
No dominance risk

Liquidation history

Long-side 70% of 30d liqstoday: 7th percentile of 90d
$950.3K$587.0K$008-0508-2309-1009-2710-1511-02
Long liqs (above) Short liqs (below)

Positioning summary

Of the ~500 Hyperliquid accounts we track, 3 hold INJ: $532.7K long across 2 positions and $205.4K short across 1 position — net $327.2K long. No tracked liquidation level sits within 60% of the $7.164 Hyperliquid mark. That is the 2026-11-02 13:00 UTC whale sweep; the interactive panel below reloads it on its own.

Interval:

Open Interest

Coinalyze
Latest
$21.21M
ΔOI
+$747.98K

Funding Rate

Coinalyze
Latest
0.0008%
Points
24
Per-exchange futures data
▾
MetricBinanceBybitKuCoin
Price$7.215$7.215$7.215
OI (USD)$21.21M$14.53M$15.81M
OI share41.1%28.2%30.7%
OI (tokens)2,939,4422,013,8942,191,863
Funding rate-0.0035%——

A dimmed exchange means the pair isn't listed there. Funding & long/short are Binance-only.

External Data (CoinMarketCap & Coinalyze)

Market Cap
$720.53M
24h Liquidations
$24.80K
Token Symbol
INJ
Sources
CMC, Coinalyze

INJ sits in the BTC-trackers cohort. These perpetuals trade alike, so their leverage tends to build and unwind the way INJ's does:

Stress score (0–1) and 24h price change, from the same daily sync as this page.

INJ perpetuals — common questions

Answered from this pair's current readings, refreshed with the daily sync.

What are INJ's current liquidation levels?

Across the exchanges we aggregate, $24.8K of INJ positions were actually liquidated in the last 24 hours. Binance does not publish per-account liquidation prices, so the honest read for INJUSDT is the realised liquidation flow above plus the long/short split in the liquidation-history chart on this page — not a map of where stops sit.

How much open interest does INJ have right now?

Aggregated open interest in INJ perpetuals is $51.55M: $21.21M on Binance (41%), $14.53M on Bybit (28%) and $15.81M on KuCoin (31%). That position base is +1.9% over 24 hours and -20.8% over the last week. Open interest is 1.32× the pair's 24-hour volume, so positions are being held rather than churned.

What is INJ's funding rate?

Binance settles INJUSDT funding at -0.0035% every 8 hours, which annualises to roughly -3.8%. Funding is negative, so shorts are paying longs — the crowd is leaning short and paying to stay there. At that rate a $10,000 position on the short side pays about $1.05 a day to stay open.

Are whales long or short INJ?

Among the ~500 largest Hyperliquid accounts we track, 3 hold positions of $100k or more in INJ: $532.7K long across 2 and $205.4K short across 1 — a net $327.2K long. These are real on-chain positions read off Hyperliquid, not a model output — roughly a third of Binance USDT-perps have a Hyperliquid market, and INJ is one of them.

Is INJ over-leveraged right now?

INJ's leverage-stress score is 0.025 out of 1.0, which we band as low risk. It blends three readings: how big the perp book is next to the token itself ($720.53M of market cap against $51.55M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($24.8K in the last 24 hours). A high score means fragile, not bearish: it says a move would be violent, not which way it would go.

Has INJ seen heavy liquidations lately?

Over the last 30 complete days, 70% of the INJ notional that got liquidated was long positions and 30% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 7th percentile of the last 90 days, meaning today is unusually quiet for this pair. The mirrored bar chart on this page plots the daily long/short split for the past year.

INJ/USDT (INJUSDT) perpetual futures shows a leverage-stress score of 0.025 out of 1.0 (low risk), $51.55M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of -0.0035% as of Nov 2, 2026. These are diagnostic readings of market conditions, not a trade signal.