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US Treasury Bond (USBOND) Perpetual Futures

US Treasury Bond (USBOND) Perpetual Futures — Live Data

Market Overview

US Treasury Bond perpetual futures track long-duration US government bond prices, providing on-chain access to the world's most important fixed income market. Bond prices move inversely to yields, meaning USBOND rises when Treasury yields fall (risk-off, rate cut expectations) and falls when yields rise (inflation fears, fiscal concerns, Fed tightening). USBOND perpetual futures are among the most valuable macro hedging instruments available on decentralized exchanges, directly relevant to crypto traders given the inverse correlation between rising long-term Treasury yields and crypto risk appetite.

USBOND Perps Data — ETFs/Indices Category

Trading Tips for US Treasury Bond Perps

USBOND moves inversely to 10-year and 30-year Treasury yields — CPI releases, Fed meeting outcomes, and Treasury auction demand data are the primary catalysts. A falling USBOND (rising yields) historically weighs on crypto and equity risk assets; use USBOND as a macro hedge when you expect rate volatility. Fed speakers' comments on rate cut timing are high-frequency catalysts for USBOND perp moves.

Where to Trade US Treasury Bond (USBOND) Perpetual Futures

US Treasury Bond (USBOND) perpetual futures are available on 2 exchanges. Compare fees, leverage, and features below to find the best platform for trading USBOND perps.

Hyperliquid logo
Hyperliquid
Hyperliquid L1
Maker Fee
0.015%
Taker Fee
0.045%
Max Leverage
50x
Rating
9.2/5
Maker Fee
0.010%
Taker Fee
0.020%
Max Leverage
100x
Rating
7.8/5

Frequently Asked Questions — US Treasury Bond (USBOND)

What is the current USBOND perpetual futures funding rate?
The live US Treasury Bond (USBOND) funding rate is shown above, updated every 2 minutes. Funding rates are displayed as annualized percentages for each exchange listing USBOND perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest USBOND perp trading fees?
The cost comparison table above estimates total trading costs (maker/taker fees plus slippage) for a $100,000 USBOND perpetual futures trade across all major exchanges. Compare fees for USBOND perps on both centralized and decentralized platforms to find the most cost-effective venue.
How does US Treasury Bond open interest compare across exchanges?
US Treasury Bond (USBOND) open interest is broken down by exchange in the chart above, showing the total value of outstanding USBOND derivative contracts on each platform. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the USBOND long/short ratio indicate?
The US Treasury Bond long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
How can I trade US Treasury Bond index perpetual futures?
US Treasury Bond index perps are available on decentralized exchanges like Hyperliquid and dYdX. Create an account, deposit USDC or USDT as collateral, and open a long or short position with your desired leverage. Index perps trade 24/7, so you can react to market-moving events outside traditional trading hours.
Where can I trade USBOND perpetual futures?
US Treasury Bond (USBOND) perps are currently listed on 2 exchanges. See the "Where to Trade" section above for a full comparison of fees, leverage limits, and direct trading links for each platform.

Category: ETFs/Indices · Data updates every 2 minutes · All rates shown are annualized