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US Dollar / Canadian Dollar (USDCAD) Perpetual Futures

US Dollar / Canadian Dollar (USDCAD) Perpetual Futures — Live Data

Price
$1.39
Total Open Interest
24h Volume
$966
Venues
3

Where to Trade US Dollar / Canadian Dollar (USDCAD) Perpetual Futures

US Dollar / Canadian Dollar (USDCAD) perpetual futures are live on 3 venues. The venue cards compare open interest, 24h volume, and funding. The data updates every two minutes, and each card links directly to USDCAD trading.

Gains Network logo
Gains Network
Arbitrum, Base, Polygon, ApeChain, MegaETH, Solana
Open Interest
24h Volume
Fee model
Position model
Max Lev.
1000x
Rating
8.0/10
Lighter logo
Lighter
zkLighter
Open Interest
24h Volume
$966
Taker Fee
0.000%
Max Lev.
50x
Rating
7.5/10
Ostium logo
Ostium
Arbitrum
Open Interest
24h Volume
Fee model
Position model
Max Lev.
200x
Rating
7.5/10

Market Overview

USD/CAD (Loonie) tracks the exchange rate between the US dollar and the Canadian dollar, with the Canadian dollar closely tied to crude oil prices given Canada's position as a major oil exporter. USDCAD perpetual futures are driven by oil price dynamics, Bank of Canada policy relative to the Fed, and the deep trade relationship between the US and Canadian economies.

Trading Tips for US Dollar / Canadian Dollar Perps

USDCAD moves inversely with crude oil prices — when WTI rallies, the CAD strengthens and USDCAD falls. Use WTI perps as a correlated leading indicator for USDCAD direction. Canadian jobs data and oil inventory reports are the highest-impact catalysts for intraday USDCAD perp volatility.

Frequently Asked Questions — US Dollar / Canadian Dollar (USDCAD)

What is the current USDCAD perpetual futures funding rate?
The live US Dollar / Canadian Dollar (USDCAD) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists USDCAD perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest USDCAD perp trading fees?
SynFutures is the only tracked USDCAD venue with a comparable maker/taker schedule. It lists a 0.020% taker fee and a 0.010% maker fee. 2 position-fee venues are excluded from this maker/taker result. Use the cost comparison for total cost.
How does US Dollar / Canadian Dollar open interest compare across exchanges?
The US Dollar / Canadian Dollar (USDCAD) open-interest chart shows the total value of outstanding USDCAD derivative contracts on each exchange. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the USDCAD long/short ratio indicate?
The US Dollar / Canadian Dollar 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 do USDCAD forex perps compare to spot forex trading?
USDCAD perpetual futures offer 24/7 trading without weekend gaps, leverage up to 1000x on some platforms, and no need for a traditional forex broker. Unlike spot forex, perps use a funding rate mechanism instead of swap rates. Trading costs on DEXes can be lower than traditional forex brokers, especially for smaller position sizes.
Where can I trade USDCAD perpetual futures?
US Dollar / Canadian Dollar (USDCAD) perps are listed on 3 exchanges: Gains Network, SynFutures, and Ostium. The "Where to Trade US Dollar / Canadian Dollar (USDCAD) Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.

Category: Forex · Data updates every 2 minutes · All rates shown are annualized