INIT Liquidity by Exchange: Order Book Depth, Volume & Open Interest

DELAYED 15 MIN5m bar 21:20–21:25 UTC · 1,604 perpetuals

Get Started

›

941 coins · 3 venues

Open interest$53.27B+0.59% 24h

Volume 24h$31.05B

Order books$298.5M≈ $41.5M per bp

Book turnover104×/daythe book trades every 14 min

OI ÷ depth178×books of open positions

Holding time41 hOI ÷ hourly volume

What stands out

Hyperliquid holds 28% of open interest but trades 9.2% of the volume: a position there stays open about 5.2 days, against 36 h on Binance.
OKX trades through its resting book 138× a day, Hyperliquid 37×: the same dollar of depth works 3.7× harder on OKX.
Measured per basis point of price instead of per 20 levels, Hyperliquid's share of depth falls from 26% to 20% and OKX's rises from 20% to 29%: coarser ticks spread the same 20 levels wider.
The busiest hour was 00:25–01:25 UTC: $1.99B traded, 1.5× the median hour.

VenuesBINOKXHL

Open interest$53.27B

BIN 57%

HL 28%

Volume 24h$31.05B

BIN 65%

OKX 26%

Depth, 20 levels$298.5M

BIN 55%

OKX 20%

HL 26%

Depth per bp ≈$41.5M

BIN 51%

OKX 29%

HL 20%

Venue	OI	Vol 24h	Depth	Turns	OI÷depth	Hold
BIN	$30.14B	$20.16B	$163.5M	123×	184×	36 h
OKX	$8.20B	$8.03B	$58.2M	138×	141×	25 h
HL	$14.93B	$2.86B	$76.8M	37×	194×	5.2 days

built with open_interest, ohlcv and l2_liquidity 5m, 15 min behind

Liquidity by hourvenueshow

built with ohlcv, open_interest and l2_liquidity 5m, 15 min behind

Liquidity map

built with ohlcv, open_interest and l2_liquidity 5m, 15 min behind

Open interest on the book

built with open_interest and l2_liquidity 5m, 15 min behind

#	Coin
1	BTC	$8.36B	$15.87B	-0.27%	$12.6M	$20.0M	0.013	666×	1,263×
2	ETH	$4.67B	$11.93B	+0.32%	$20.2M	$5.0M	0.045	232×	592×
3	ZEC	$1.89B	$1.33B	-1.83%	$2.2M	$238.7K	0.078	872×	613×
4	HYPE	$1.63B	$2.44B	-0.77%	$327.6K	$144.1K	0.11	4,967×	7,452×
5	SOL	$1.25B	$1.83B	-0.60%	$24.3M	$1.5M	0.10	52×	76×
6	PEPE	$618.3M	$146.7M	-3.60%	$94.6K	$19.2K	0.20	6,536×	1,551×
7	AIN	$590.8M	$61.8M	-14.57%	$14.9K	$425	1.76	39,627×	4,144×
8	NEAR	$555.4M	$493.9M	-3.72%	$5.2M	$141.5K	0.23	107×	95×
9	LSK	$414.4M	$10.1M	+26.66%	$12.4K	$271	2.28	33,533×	818×
10	BNB	$390.8M	$579.3M	-2.31%	$1.1M	$370.8K	0.14	370×	548×
11	XRP	$345.1M	$672.6M	+0.60%	$13.6M	$846.9K	0.80	25×	50×
12	XAU	$304.1M	$965.0M	+0.05%	$2.8M	$1.3M	0.026	110×	350×
13	SNDK	$280.4M	$335.5M	-4.29%	$1.2M	$263.3K	0.087	229×	274×
14	TRX	$272.2M	$120.7M	-11.32%	$213.2K	$24.5K	0.31	1,277×	566×
15	ENA	$258.2M	$219.6M	-2.82%	$471.3K	$31.3K	0.52	548×	466×
16	SOXL	$240.0M	$248.5M	-2.97%	$1.9M	$73.1K	1.29	127×	132×
17	IDOL	$239.4M	$14.3M	-7.39%	$11.3K	$217	2.61	21,125×	1,257×
18	DOGE	$237.6M	$398.3M	+1.45%	$8.7M	$376.4K	0.27	27×	46×
19	UNI	$230.1M	$290.8M	-2.93%	$1.5M	$53.7K	1.40	150×	190×
20	AKE	$220.2M	$13.4M	+45.28%	$202.5K	$1.3K	2.56	1,087×	66×
21	CL	$193.0M	$455.2M	-2.03%	$3.8M	$196.3K	0.97	51×	120×
22	BEAMX	$181.2M	$24.0M	-0.46%	$44.9K	$568	3.95	4,036×	535×
23	LINK	$178.0M	$188.6M	+0.61%	$1.5M	$67.2K	0.87	122×	130×
24	Q	$169.3M	$12.0M	+30.36%	$69.1K	$1.1K	3.19	2,448×	174×
25	WLD	$163.4M	$153.3M	-2.69%	$2.5M	$50.8K	1.96	65×	61×
26	PUMP	$155.7M	$192.4M	+0.43%	$3.8M	$77.9K	2.42	41×	51×
27	AAVE	$155.1M	$135.6M	+0.62%	$704.1K	$29.8K	0.76	220×	193×
28	SUI	$122.6M	$161.3M	-0.39%	$3.3M	$150.2K	0.99	37×	49×
29	OP	$118.3M	$24.5M	+2.74%	$332.4K	$10.6K	0.88	356×	74×
30	WET	$114.0M	$3.5M	+104.02%	$63.1K	$644	4.90	1,807×	56×
31	SOPH	$112.2M	$4.8M	+3.77%	$212.1K	$1.5K	6.41	529×	22×
32	LIT	$112.0M	$196.7M	+3.97%	$107.4K	$6.1K	0.37	1,043×	1,832×
33	MU	$100.8M	$160.3M	+3.54%	$89.1K	$40.1K	0.11	1,130×	1,799×
34	XMR	$99.7M	$193.9M	-0.08%	$98.8K	$15.8K	0.17	1,008×	1,962×
35	RSR	$99.2M	$9.8M	+65.06%	$837.7K	$5.3K	6.91	118×	12×
36	STX	$93.2M	$11.7M	+17.20%	$467.3K	$5.6K	3.29	199×	25×
37	BCH	$92.0M	$114.6M	-1.30%	$271.5K	$25.5K	0.35	339×	422×
38	SKHYNIX	$83.1M	$385.6M	-1.45%	$355.6K	$34.9K	0.096	234×	1,084×
39	INTC	$80.8M	$184.3M	+1.62%	$587.7K	$19.1K	1.54	137×	314×
40	ONDO	$79.8M	$73.3M	-6.13%	$2.0M	$41.2K	1.70	41×	38×
41	BIRB	$78.6M	$4.4M	-9.96%	$24.3K	$522	2.32	3,240×	182×
42	COW	$78.5M	$3.5M	+136.84%	$331.3K	$1.9K	8.51	237×	11×
43	BZ	$76.8M	$289.6M	-1.40%	$1.3M	$73.2K	0.89	59×	223×
44	XPL	$76.2M	$158.2M	+7.21%	$265.3K	$10.2K	1.24	287×	596×
45	ADA	$76.0M	$124.1M	-0.19%	$10.0M	$101.5K	2.06	7.6×	12×
46	FIL	$73.7M	$74.9M	-3.78%	$937.5K	$37.0K	1.15	79×	80×
47	BTW	$73.3M	$19.0M	-4.88%	$21.6K	$949	0.90	3,388×	876×
48	AIOT	$72.4M	$4.8M	+26.74%	$15.7K	$132	5.94	4,621×	304×
49	AVAX	$70.9M	$111.0M	+0.10%	$2.1M	$87.1K	1.17	34×	53×
50	SPCX	$69.8M	$620.8M	+0.04%	$1.3M	$85.0K	0.73	55×	491×
51	QNT	$66.7M	$24.4M	+0.34%	$72.6K	$5.7K	0.52	919×	336×
52	ZRO	$66.7M	$116.4M	+0.70%	$89.2K	$4.0K	0.58	747×	1,305×
53	QQQ	$64.0M	$125.1M	+1.48%	$1.3M	$436.9K	0.14	51×	99×
54	ESPORTS	$62.1M	$9.2M	+53.61%	$25.2K	$542	2.32	2,466×	366×
55	INJ	$61.4M	$27.8M	-4.66%	$756.5K	$24.6K	1.40	81×	37×
56	XAG	$59.6M	$349.9M	-0.86%	$7.6M	$186.7K	2.02	7.9×	46×
57	KORU	$59.4M	$93.6M	-1.92%	$10.6M	$56.3K	9.44	5.6×	8.8×
58	TAO	$58.1M	$103.9M	-1.08%	$335.6K	$28.5K	0.42	173×	309×
59	XYZ:XYZ100	$57.6M	$270.3M	+3.87%	$2.7M	$381.6K	0.35	21×	101×
60	MAGMA	$56.0M	$9.4M	+0.10%	$7.5K	$227	1.65	7,482×	1,260×
61	LTC	$55.0M	$124.2M	-0.30%	$2.7M	$76.1K	1.08	21×	46×
62	EVAA	$55.0M	$16.3M	+4.42%	$16.7K	$267	3.12	3,294×	977×
63	ARB	$54.4M	$67.4M	-3.42%	$406.4K	$22.1K	0.62	134×	166×
64	TRUMP	$53.1M	$52.7M	-3.26%	$5.5M	$46.0K	2.50	9.6×	9.6×
65	JCT	$52.3M	$17.7M	-2.32%	$32.0K	$773	2.07	1,635×	554×
66	CAP	$51.7M	$20.0M	-2.85%	$45.0K	$1.2K	1.35	1,149×	444×
67	PARTI	$50.3M	$8.2M	-12.57%	$79.9K	$1.5K	2.07	629×	103×
68	XYZ:CL	$49.7M	$202.1M	+1.99%	$2.5M	$128.7K	0.97	20×	81×
69	NIL	$47.1M	$9.2M	+7.19%	$70.3K	$788	2.47	671×	132×
70	SPK	$46.8M	$3.6M	+14.81%	$224.4K	$1.7K	5.45	209×	16×
71	ZAMA	$43.8M	$11.3M	+1.72%	$39.1K	$1.0K	1.55	1,122×	288×
72	GOOGL	$42.0M	$351.1M	-0.16%	$818.3K	$115.4K	0.35	51×	429×
73	PENGU	$41.8M	$42.3M	+2.57%	$836.2K	$26.0K	1.37	50×	51×
74	STRK	$41.6M	$51.7M	+0.08%	$656.6K	$14.4K	2.27	63×	79×
75	MSTR	$40.8M	$110.6M	-0.40%	$580.2K	$38.7K	0.75	70×	191×
76	APR	$40.5M	$13.9M	+0.02%	$57.0K	$1.5K	1.88	710×	243×
77	TIA	$40.4M	$31.3M	+1.27%	$520.3K	$11.2K	2.11	78×	60×
78	BLESS	$39.6M	$6.1M	-5.86%	$11.0K	$175	3.13	3,607×	552×
79	SOXS	$39.5M	$36.5M	-3.68%	$563.7K	$14.6K	1.93	70×	65×
80	KPEPE	$39.0M	$65.5M	-2.28%	$912.3K	$22.7K	2.01	43×	72×
81	MORPHO	$37.6M	$25.4M	+1.37%	$101.0K	$3.1K	0.86	373×	252×
82	SNXX	$37.5M	$32.0M	-1.16%	$6.3M	$22.3K	1.47	6.0×	5.1×
83	IRYS	$36.8M	$8.0M	-2.77%	$134.9K	$1.5K	4.38	273×	59×
84	SKHY	$36.2M	$185.4M	-1.72%	$943.8K	$70.8K	0.67	38×	196×
85	CRCL	$36.2M	$150.2M	-0.47%	$755.1K	$27.6K	1.37	48×	199×
86	ASTER	$36.0M	$125.7M	-1.52%	$484.1K	$15.7K	1.45	74×	260×
87	PONS	$35.1M	$45.8M	-1.34%	$265.7K	$3.3K	3.04	132×	172×
88	XLM	$33.7M	$49.0M	-1.89%	$468.9K	$32.0K	0.59	72×	105×
89	BLUR	$32.6M	$6.8M	-4.26%	$68.6K	$1.8K	1.23	475×	99×
90	XYZ:SP500	$32.2M	$368.2M	+2.23%	$1.3M	$479.6K	0.13	25×	291×
91	NVDA	$31.3M	$81.3M	+0.88%	$922.3K	$94.2K	0.49	34×	88×
92	GWEI	$30.8M	$5.7M	+14.28%	$68.2K	$726	4.70	452×	84×
93	XYZ:NVDA	$30.8M	$97.0M	+33.67%	$810.4K	$82.0K	0.49	38×	120×
94	BULLA	$30.6M	$7.0M	-0.78%	$12.5K	$117	5.32	2,454×	561×
95	PROM	$29.9M	$11.4M	+10.57%	$25.4K	$684	1.86	1,174×	449×
96	BEAT	$29.5M	$12.7M	-0.12%	$27.6K	$1.4K	1.01	1,067×	460×
97	DOOD	$29.0M	$6.7M	-9.91%	$243.7K	$2.4K	5.15	119×	28×
98	XYZ:BRENTOIL	$29.0M	$210.5M	+0.37%	$966.5K	$54.3K	0.89	30×	218×
99	CRV	$27.8M	$43.1M	+0.06%	$1.4M	$19.4K	3.50	20×	32×
100	INIT	$27.7M	$12.9M	+3.57%	$52.5K	$518	1.70	527×	246×

INIT

3 contracts

$12.9M

OI 24h

+3.57%

Vol 24h

$27.7M

Depth

$52.5K

Depth /bp ≈

$518

Best spread

1.70

Turnover

527×/d

OI ÷ depth

246×

Where it trades

Open interest$12.9M

BIN 71%

HL 20%

Volume 24h$27.7M

BIN 72%

OKX 25%

Depth, 20 levels$52.5K

BIN 17%

HL 73%

Depth per bp ≈$518

BIN 50%

HL 39%

Where to trade it

Most depth per bp: BIN USDT$257/bp
Most depth, 20 levels: HL USDC$38.2K
Tightest spread: BIN USDT1.70 bps
Most volume: BIN USDT$20.0M

By hour, last day

show

Contracts

Contract	OI	Vol 24h	Depth	Spread	/bp ≈
BINUSDT	$9.2M	$20.0M	$8.8K	1.70	$257
OKXUSDT	$1.2M	$6.9M	$5.6K	4.59	$61
HLUSDC	$2.6M	$815.1K	$38.2K	9.51	$201

Bold is the best on each measure. Spread is the day's median; /bp is an estimate, depth over 20 levels × the spread.

INIT on the markets dashboard: price, funding, open interest and order flow, contract by contract →

/ search↵ open coinesc close1–3 venue? how it is measuredEvery number is from Aperiodic's own 5m bars, 15 minutes behind.

DELAYED 15 MIN5m bar 21:20–21:25 UTC · 1,604 perpetuals

Get Started

›

941 coins · 3 venues

Open interest$53.27B+0.59% 24h

Volume 24h$31.05B

Order books$298.5M≈ $41.5M per bp

Book turnover104×/daythe book trades every 14 min

OI ÷ depth178×books of open positions

Holding time41 hOI ÷ hourly volume

What stands out

Hyperliquid holds 28% of open interest but trades 9.2% of the volume: a position there stays open about 5.2 days, against 36 h on Binance.
OKX trades through its resting book 138× a day, Hyperliquid 37×: the same dollar of depth works 3.7× harder on OKX.
Measured per basis point of price instead of per 20 levels, Hyperliquid's share of depth falls from 26% to 20% and OKX's rises from 20% to 29%: coarser ticks spread the same 20 levels wider.
The busiest hour was 00:25–01:25 UTC: $1.99B traded, 1.5× the median hour.

VenuesBINOKXHL

Open interest$53.27B

BIN 57%

HL 28%

Volume 24h$31.05B

BIN 65%

OKX 26%

Depth, 20 levels$298.5M

BIN 55%

OKX 20%

HL 26%

Depth per bp ≈$41.5M

BIN 51%

OKX 29%

HL 20%

Venue	OI	Vol 24h	Depth	Turns	OI÷depth	Hold
BIN	$30.14B	$20.16B	$163.5M	123×	184×	36 h
OKX	$8.20B	$8.03B	$58.2M	138×	141×	25 h
HL	$14.93B	$2.86B	$76.8M	37×	194×	5.2 days

built with open_interest, ohlcv and l2_liquidity 5m, 15 min behind

Liquidity by hourvenueshow

built with ohlcv, open_interest and l2_liquidity 5m, 15 min behind

Liquidity map

built with ohlcv, open_interest and l2_liquidity 5m, 15 min behind

Open interest on the book

built with open_interest and l2_liquidity 5m, 15 min behind

#	Coin
1	BTC	$8.36B	$15.87B	-0.27%	$12.6M	$20.0M	0.013	666×	1,263×
2	ETH	$4.67B	$11.93B	+0.32%	$20.2M	$5.0M	0.045	232×	592×
3	ZEC	$1.89B	$1.33B	-1.83%	$2.2M	$238.7K	0.078	872×	613×
4	HYPE	$1.63B	$2.44B	-0.77%	$327.6K	$144.1K	0.11	4,967×	7,452×
5	SOL	$1.25B	$1.83B	-0.60%	$24.3M	$1.5M	0.10	52×	76×
6	PEPE	$618.3M	$146.7M	-3.60%	$94.6K	$19.2K	0.20	6,536×	1,551×
7	AIN	$590.8M	$61.8M	-14.57%	$14.9K	$425	1.76	39,627×	4,144×
8	NEAR	$555.4M	$493.9M	-3.72%	$5.2M	$141.5K	0.23	107×	95×
9	LSK	$414.4M	$10.1M	+26.66%	$12.4K	$271	2.28	33,533×	818×
10	BNB	$390.8M	$579.3M	-2.31%	$1.1M	$370.8K	0.14	370×	548×
11	XRP	$345.1M	$672.6M	+0.60%	$13.6M	$846.9K	0.80	25×	50×
12	XAU	$304.1M	$965.0M	+0.05%	$2.8M	$1.3M	0.026	110×	350×
13	SNDK	$280.4M	$335.5M	-4.29%	$1.2M	$263.3K	0.087	229×	274×
14	TRX	$272.2M	$120.7M	-11.32%	$213.2K	$24.5K	0.31	1,277×	566×
15	ENA	$258.2M	$219.6M	-2.82%	$471.3K	$31.3K	0.52	548×	466×
16	SOXL	$240.0M	$248.5M	-2.97%	$1.9M	$73.1K	1.29	127×	132×
17	IDOL	$239.4M	$14.3M	-7.39%	$11.3K	$217	2.61	21,125×	1,257×
18	DOGE	$237.6M	$398.3M	+1.45%	$8.7M	$376.4K	0.27	27×	46×
19	UNI	$230.1M	$290.8M	-2.93%	$1.5M	$53.7K	1.40	150×	190×
20	AKE	$220.2M	$13.4M	+45.28%	$202.5K	$1.3K	2.56	1,087×	66×
21	CL	$193.0M	$455.2M	-2.03%	$3.8M	$196.3K	0.97	51×	120×
22	BEAMX	$181.2M	$24.0M	-0.46%	$44.9K	$568	3.95	4,036×	535×
23	LINK	$178.0M	$188.6M	+0.61%	$1.5M	$67.2K	0.87	122×	130×
24	Q	$169.3M	$12.0M	+30.36%	$69.1K	$1.1K	3.19	2,448×	174×
25	WLD	$163.4M	$153.3M	-2.69%	$2.5M	$50.8K	1.96	65×	61×
26	PUMP	$155.7M	$192.4M	+0.43%	$3.8M	$77.9K	2.42	41×	51×
27	AAVE	$155.1M	$135.6M	+0.62%	$704.1K	$29.8K	0.76	220×	193×
28	SUI	$122.6M	$161.3M	-0.39%	$3.3M	$150.2K	0.99	37×	49×
29	OP	$118.3M	$24.5M	+2.74%	$332.4K	$10.6K	0.88	356×	74×
30	WET	$114.0M	$3.5M	+104.02%	$63.1K	$644	4.90	1,807×	56×
31	SOPH	$112.2M	$4.8M	+3.77%	$212.1K	$1.5K	6.41	529×	22×
32	LIT	$112.0M	$196.7M	+3.97%	$107.4K	$6.1K	0.37	1,043×	1,832×
33	MU	$100.8M	$160.3M	+3.54%	$89.1K	$40.1K	0.11	1,130×	1,799×
34	XMR	$99.7M	$193.9M	-0.08%	$98.8K	$15.8K	0.17	1,008×	1,962×
35	RSR	$99.2M	$9.8M	+65.06%	$837.7K	$5.3K	6.91	118×	12×
36	STX	$93.2M	$11.7M	+17.20%	$467.3K	$5.6K	3.29	199×	25×
37	BCH	$92.0M	$114.6M	-1.30%	$271.5K	$25.5K	0.35	339×	422×
38	SKHYNIX	$83.1M	$385.6M	-1.45%	$355.6K	$34.9K	0.096	234×	1,084×
39	INTC	$80.8M	$184.3M	+1.62%	$587.7K	$19.1K	1.54	137×	314×
40	ONDO	$79.8M	$73.3M	-6.13%	$2.0M	$41.2K	1.70	41×	38×
41	BIRB	$78.6M	$4.4M	-9.96%	$24.3K	$522	2.32	3,240×	182×
42	COW	$78.5M	$3.5M	+136.84%	$331.3K	$1.9K	8.51	237×	11×
43	BZ	$76.8M	$289.6M	-1.40%	$1.3M	$73.2K	0.89	59×	223×
44	XPL	$76.2M	$158.2M	+7.21%	$265.3K	$10.2K	1.24	287×	596×
45	ADA	$76.0M	$124.1M	-0.19%	$10.0M	$101.5K	2.06	7.6×	12×
46	FIL	$73.7M	$74.9M	-3.78%	$937.5K	$37.0K	1.15	79×	80×
47	BTW	$73.3M	$19.0M	-4.88%	$21.6K	$949	0.90	3,388×	876×
48	AIOT	$72.4M	$4.8M	+26.74%	$15.7K	$132	5.94	4,621×	304×
49	AVAX	$70.9M	$111.0M	+0.10%	$2.1M	$87.1K	1.17	34×	53×
50	SPCX	$69.8M	$620.8M	+0.04%	$1.3M	$85.0K	0.73	55×	491×
51	QNT	$66.7M	$24.4M	+0.34%	$72.6K	$5.7K	0.52	919×	336×
52	ZRO	$66.7M	$116.4M	+0.70%	$89.2K	$4.0K	0.58	747×	1,305×
53	QQQ	$64.0M	$125.1M	+1.48%	$1.3M	$436.9K	0.14	51×	99×
54	ESPORTS	$62.1M	$9.2M	+53.61%	$25.2K	$542	2.32	2,466×	366×
55	INJ	$61.4M	$27.8M	-4.66%	$756.5K	$24.6K	1.40	81×	37×
56	XAG	$59.6M	$349.9M	-0.86%	$7.6M	$186.7K	2.02	7.9×	46×
57	KORU	$59.4M	$93.6M	-1.92%	$10.6M	$56.3K	9.44	5.6×	8.8×
58	TAO	$58.1M	$103.9M	-1.08%	$335.6K	$28.5K	0.42	173×	309×
59	XYZ:XYZ100	$57.6M	$270.3M	+3.87%	$2.7M	$381.6K	0.35	21×	101×
60	MAGMA	$56.0M	$9.4M	+0.10%	$7.5K	$227	1.65	7,482×	1,260×
61	LTC	$55.0M	$124.2M	-0.30%	$2.7M	$76.1K	1.08	21×	46×
62	EVAA	$55.0M	$16.3M	+4.42%	$16.7K	$267	3.12	3,294×	977×
63	ARB	$54.4M	$67.4M	-3.42%	$406.4K	$22.1K	0.62	134×	166×
64	TRUMP	$53.1M	$52.7M	-3.26%	$5.5M	$46.0K	2.50	9.6×	9.6×
65	JCT	$52.3M	$17.7M	-2.32%	$32.0K	$773	2.07	1,635×	554×
66	CAP	$51.7M	$20.0M	-2.85%	$45.0K	$1.2K	1.35	1,149×	444×
67	PARTI	$50.3M	$8.2M	-12.57%	$79.9K	$1.5K	2.07	629×	103×
68	XYZ:CL	$49.7M	$202.1M	+1.99%	$2.5M	$128.7K	0.97	20×	81×
69	NIL	$47.1M	$9.2M	+7.19%	$70.3K	$788	2.47	671×	132×
70	SPK	$46.8M	$3.6M	+14.81%	$224.4K	$1.7K	5.45	209×	16×
71	ZAMA	$43.8M	$11.3M	+1.72%	$39.1K	$1.0K	1.55	1,122×	288×
72	GOOGL	$42.0M	$351.1M	-0.16%	$818.3K	$115.4K	0.35	51×	429×
73	PENGU	$41.8M	$42.3M	+2.57%	$836.2K	$26.0K	1.37	50×	51×
74	STRK	$41.6M	$51.7M	+0.08%	$656.6K	$14.4K	2.27	63×	79×
75	MSTR	$40.8M	$110.6M	-0.40%	$580.2K	$38.7K	0.75	70×	191×
76	APR	$40.5M	$13.9M	+0.02%	$57.0K	$1.5K	1.88	710×	243×
77	TIA	$40.4M	$31.3M	+1.27%	$520.3K	$11.2K	2.11	78×	60×
78	BLESS	$39.6M	$6.1M	-5.86%	$11.0K	$175	3.13	3,607×	552×
79	SOXS	$39.5M	$36.5M	-3.68%	$563.7K	$14.6K	1.93	70×	65×
80	KPEPE	$39.0M	$65.5M	-2.28%	$912.3K	$22.7K	2.01	43×	72×
81	MORPHO	$37.6M	$25.4M	+1.37%	$101.0K	$3.1K	0.86	373×	252×
82	SNXX	$37.5M	$32.0M	-1.16%	$6.3M	$22.3K	1.47	6.0×	5.1×
83	IRYS	$36.8M	$8.0M	-2.77%	$134.9K	$1.5K	4.38	273×	59×
84	SKHY	$36.2M	$185.4M	-1.72%	$943.8K	$70.8K	0.67	38×	196×
85	CRCL	$36.2M	$150.2M	-0.47%	$755.1K	$27.6K	1.37	48×	199×
86	ASTER	$36.0M	$125.7M	-1.52%	$484.1K	$15.7K	1.45	74×	260×
87	PONS	$35.1M	$45.8M	-1.34%	$265.7K	$3.3K	3.04	132×	172×
88	XLM	$33.7M	$49.0M	-1.89%	$468.9K	$32.0K	0.59	72×	105×
89	BLUR	$32.6M	$6.8M	-4.26%	$68.6K	$1.8K	1.23	475×	99×
90	XYZ:SP500	$32.2M	$368.2M	+2.23%	$1.3M	$479.6K	0.13	25×	291×
91	NVDA	$31.3M	$81.3M	+0.88%	$922.3K	$94.2K	0.49	34×	88×
92	GWEI	$30.8M	$5.7M	+14.28%	$68.2K	$726	4.70	452×	84×
93	XYZ:NVDA	$30.8M	$97.0M	+33.67%	$810.4K	$82.0K	0.49	38×	120×
94	BULLA	$30.6M	$7.0M	-0.78%	$12.5K	$117	5.32	2,454×	561×
95	PROM	$29.9M	$11.4M	+10.57%	$25.4K	$684	1.86	1,174×	449×
96	BEAT	$29.5M	$12.7M	-0.12%	$27.6K	$1.4K	1.01	1,067×	460×
97	DOOD	$29.0M	$6.7M	-9.91%	$243.7K	$2.4K	5.15	119×	28×
98	XYZ:BRENTOIL	$29.0M	$210.5M	+0.37%	$966.5K	$54.3K	0.89	30×	218×
99	CRV	$27.8M	$43.1M	+0.06%	$1.4M	$19.4K	3.50	20×	32×
100	INIT	$27.7M	$12.9M	+3.57%	$52.5K	$518	1.70	527×	246×

INIT

3 contracts

$12.9M

OI 24h

+3.57%

Vol 24h

$27.7M

Depth

$52.5K

Depth /bp ≈

$518

Best spread

1.70

Turnover

527×/d

OI ÷ depth

246×

Where it trades

Open interest$12.9M

BIN 71%

HL 20%

Volume 24h$27.7M

BIN 72%

OKX 25%

Depth, 20 levels$52.5K

BIN 17%

HL 73%

Depth per bp ≈$518

BIN 50%

HL 39%

Where to trade it

Most depth per bp: BIN USDT$257/bp
Most depth, 20 levels: HL USDC$38.2K
Tightest spread: BIN USDT1.70 bps
Most volume: BIN USDT$20.0M

By hour, last day

show

Contracts

Contract	OI	Vol 24h	Depth	Spread	/bp ≈
BINUSDT	$9.2M	$20.0M	$8.8K	1.70	$257
OKXUSDT	$1.2M	$6.9M	$5.6K	4.59	$61
HLUSDC	$2.6M	$815.1K	$38.2K	9.51	$201

Bold is the best on each measure. Spread is the day's median; /bp is an estimate, depth over 20 levels × the spread.

INIT on the markets dashboard: price, funding, open interest and order flow, contract by contract →

/ search↵ open coinesc close1–3 venue? how it is measuredEvery number is from Aperiodic's own 5m bars, 15 minutes behind.