diff --git a/packages/core/useAsyncState/index.test.ts b/packages/core/useAsyncState/index.test.ts
index cae4e009d14..9d20304c062 100644
--- a/packages/core/useAsyncState/index.test.ts
+++ b/packages/core/useAsyncState/index.test.ts
@@ -27,6 +27,14 @@ describe('useAsyncState', () => {
     expect(state.value).toBe(2)
   })
 
+  it('should work with initialized', async () => {
+    const { execute, initialized, isLoading } = useAsyncState(p1, 0, { immediate: false })
+    execute()
+    expect(isLoading.value).toBeTruthy()
+    await initialized.value
+    expect(isLoading.value).toBeFalsy()
+  })
+
   it('should work with isLoading', () => {
     const { execute, isLoading } = useAsyncState(p1, 0, { immediate: false })
     expect(isLoading.value).toBeFalsy()
diff --git a/packages/core/useAsyncState/index.ts b/packages/core/useAsyncState/index.ts
index 726d471eba4..45a02dae56e 100644
--- a/packages/core/useAsyncState/index.ts
+++ b/packages/core/useAsyncState/index.ts
@@ -5,6 +5,7 @@ import { ref, shallowRef } from 'vue-demi'
 export interface UseAsyncStateReturn<Data, Params extends any[], Shallow extends boolean> {
   state: Shallow extends true ? Ref<Data> : Ref<UnwrapRef<Data>>
   isReady: Ref<boolean>
+  initialized: Ref<Promise<void> | undefined>
   isLoading: Ref<boolean>
   error: Ref<unknown>
   execute: (delay?: number, ...args: Params) => Promise<Data>
@@ -92,6 +93,8 @@ export function useAsyncState<Data, Params extends any[] = [], Shallow extends b
   const isReady = ref(false)
   const isLoading = ref(false)
   const error = shallowRef<unknown | undefined>(undefined)
+  let initialize: CallableFunction
+  const initialized = shallowRef<Promise<void> | undefined>(undefined)
 
   async function execute(delay = 0, ...args: any[]) {
     if (resetOnExecute)
@@ -99,6 +102,9 @@ export function useAsyncState<Data, Params extends any[] = [], Shallow extends b
     error.value = undefined
     isReady.value = false
     isLoading.value = true
+    initialized.value = new Promise((resolve) => {
+      initialize = resolve
+    })
 
     if (delay > 0)
       await promiseTimeout(delay)
@@ -111,6 +117,7 @@ export function useAsyncState<Data, Params extends any[] = [], Shallow extends b
       const data = await _promise
       state.value = data
       isReady.value = true
+      initialize()
       onSuccess(data)
     }
     catch (e) {
@@ -132,6 +139,7 @@ export function useAsyncState<Data, Params extends any[] = [], Shallow extends b
   return {
     state: state as Shallow extends true ? Ref<Data> : Ref<UnwrapRef<Data>>,
     isReady,
+    initialized,
     isLoading,
     error,
     execute,