USAR perps: where to trade US Steel perpetual futures
9 tracked venues list USAR perps.
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The cheapest place to trade USAR perps right now is trade.xyz (xyz:USAR): 4.25 bps all-in for a $10,000 market buy at the standard taker fee, measured 11:12 UTC on 2026-10-03.
The next two venues are Binance 11.98 bps and Bitget 21.52 bps. 8 of 9 USAR markets gave a measured cost.
USAR perps list on 9 tracked venues: 6 centralized exchanges, 1 Hyperliquid HIP-3 deployment, 2 other decentralized venues.
Maximum USAR leverage runs from 10x on Extended (USAR-USD) to 25x on Bybit (USARUSDT).
USAR funding and open interest
Funding now runs from 0.0% a year on Aster to 20.1% on OKX, across 9 USAR markets. A positive rate means that longs pay shorts.
9 USAR markets report open interest, $11.1 million in total. trade.xyz holds 40% of it ($4.4 million).
Measured USAR cost for a $10,000 buy
- trade.xyz4.25
- Binance11.98
- Bitget21.52
- Extended24.30
- OKX41.54
- Gate49.15
- Bybit58.33
- Aster88.30
Where to trade US Steel perpetual futures
| Venue | Market | Max leverage | Funding now | Annual rate now | 7-day mean, annual | Open interest | Book cost (bps) | Taker fee | All-in (bps) | Promo rate, eligible accounts |
|---|---|---|---|---|---|---|---|---|---|---|
| trade.xyz | xyz:USAR | 10x | +0.0006% / 1 h | +5.5% | +29.4% | $4.4M | 3.35 | 0.0090% (API, live) | 4.25 | — |
| Binance | USARUSDT | 20x | 0.0000% / 8 h | 0.0% | +7.0% | $3.0M | 7.98 | 0.040% (docs, promotion for all accounts) | 11.98 | — |
| Bitget | USARUSDT | 20x | 0.0000% / 8 h | 0.0% | +1.1% | $763K | 15.52 | 0.060% (API) | 21.52 | — |
| Extended | USAR-USD | 10x | 0.0000% / 1 h | 0.0% | — | $441 | 23.30 | 0.010% (docs) | 24.30 | — |
| OKX | USAR-USDT-SWAP | 20x | +0.0184% / 8 h | +20.1% | +25.0% | $1.3M | 36.54 | 0.050% (docs) | 41.54 | — |
| Gate | USAR_USDT | 20x | 0.0000% / 8 h | 0.0% | 0.0% | $332K | 41.65 | 0.075% (API) | 49.15 | — |
| Bybit | USARUSDT | 25x | 0.0000% / 8 h | 0.0% | −0.6% | $456K | 55.58 | 0.028% (docs, promotion for all accounts) | 58.33 | — |
| Aster | USARUSDT | 20x | 0.0000% / 8 h | 0.0% | 0.0% | $30K | 87.05 | 0.013% (docs) | 88.30 | — |
| MEXC | USARSTOCK_USDT | 20x | 0.0000% / 8 h | 0.0% | +7.0% | $863K | 8.89 | Not stated for all accounts | — | 0.000% = 8.89 bps (eligible accounts, source, 2026-09-25) |
Method: a $10,000 USAR market buy fills against each public USAR book.
The USAR book cost is that fill price against the mid, in bps. The USAR all-in cost adds the standard taker fee that every new account gets.
A USAR promo rate that only eligible accounts get is shown in its own column and is never ranked.
A USAR book price does not prove that the venue accepts USAR orders at that time, so check the USAR hours table.
Annual USAR funding is the rate per hour times 8,760, with no compounding. The USAR markets come from venue APIs read on 2026-09-25.
USAR trading hours and price source by venue
| Venue | Market | Hours | Price source |
|---|---|---|---|
| Aster | USARUSDT | 24/7, 5% band off-hours | Several, with Pyth |
| Binance | USARUSDT | 24/7, book EWMA weekends | Unnamed data vendors |
| Bitget | USARUSDT | 24/7, book EMA off-hours | Pyth, dxFeed, Massive, Intrinio |
| Bybit | USARUSDT | 24/7 | Index with Pyth |
| Extended | USAR-USD | Per market in API | Stork, Blue Ocean ATS |
| Gate | USAR_USDT | Index holds last close | Paid feeds, crypto venues |
| MEXC | USARSTOCK_USDT | Varies, no trades closed | Not named in docs |
| OKX | USAR-USDT-SWAP | 24/7 book, anchored weekends | Several providers |
| trade.xyz | xyz:USAR | 24/7, bounded off-hours | Relayer, Blue Ocean ATS |
Find your liquidation price with the liquidation price calculator for USAR. Compare all tickers on the stock perps hub. Read how trade.xyz lists USAR on Hyperliquid.
Where to Trade US Steel (USAR) Perpetual Futures
Fees and leverage limits apply venue-wide; check USAR terms with the venue.
US Steel (USAR) market overview
US Steel is one of America's oldest steel producers, running blast furnace and electric arc furnace operations across the US and Europe. USAR perpetual futures are sensitive to domestic steel prices and US Section 232 tariff levels on imported steel.
Infrastructure spending drives construction steel demand. The attempted Nippon Steel acquisition became a major political issue in 2024-2025. Input costs — iron ore, coking coal, and scrap metal — also affect margins.
Frequently Asked Questions — US Steel (USAR)
What open interest data is available for USAR?
2 venues report positive USAR open interest in this read.
The USAR total leaves out venues outside the read.
How does an US Steel perpetual futures contract differ from the underlying asset?
An US Steel perpetual tracks the US Steel price, with no expiry date and no ownership of US Steel.
Check each venue for US Steel trading hours and the price source.
Category: Stocks