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US Dollar / Canadian Dollar (USDCAD) Perpetual Futures

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

Price
$1.42
Total Open Interest
24h Volume
$13.5k
Venues
3

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

US Dollar / Canadian Dollar (USDCAD) perpetual futures are live on 3 venues. Open interest, 24h volume and funding update every two minutes — compare them below and trade USDCAD directly.

Gains Network logo
Gains Network
Arbitrum, Polygon, Base
Open Interest
24h Volume
Taker Fee
0.050%
Max Lev.
1000x
Rating
8.0/10
Lighter logo
Lighter
Arbitrum
Open Interest
24h Volume
$13.5k
Taker Fee
0.000%
Max Lev.
50x
Rating
7.5/10
Ostium logo
Ostium
Arbitrum
Open Interest
24h Volume
Taker Fee
0.050%
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 is shown above, updated every 2 minutes. Funding rates are displayed as annualized percentages for each exchange listing 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?
The lowest USDCAD taker fee is 0.020% on SynFutures, versus 0.050% on Gains Network. The cost comparison table above compares total cost — maker/taker fees plus slippage — for a $100,000 USDCAD trade across all 3 venues.
How does US Dollar / Canadian Dollar open interest compare across exchanges?
US Dollar / Canadian Dollar (USDCAD) open interest is broken down by exchange in the chart above, showing the total value of outstanding USDCAD 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 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. See the "Where to Trade" section above for a full comparison of fees, leverage limits, and direct trading links for each venue.

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