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US Dollar / Chinese Yuan (Offshore) (USDCNH) Perpetual Futures

US Dollar / Chinese Yuan (Offshore) (USDCNH) Perpetual Futures — Live Data

Price
Total Open Interest
24h Volume
Venue
1

Where to Trade US Dollar / Chinese Yuan (Offshore) (USDCNH) Perpetual Futures

US Dollar / Chinese Yuan (Offshore) (USDCNH) perpetual futures are live on 1 venue. The venue cards compare open interest, 24h volume, and funding. The data updates every two minutes, and each card links directly to USDCNH 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

Market Overview

USD/CNH tracks the offshore Chinese yuan exchange rate against the US dollar, distinct from the onshore CNY which is managed by the People's Bank of China. USDCNH perpetual futures reflect market-driven yuan pricing and are sensitive to US-China trade relations, PBoC intervention signals, and Chinese capital flow dynamics, making this pair a direct barometer of Sino-American economic tension.

Trading Tips for US Dollar / Chinese Yuan (Offshore) Perps

USDCNH is the cleanest expression of US-China economic and trade tension in forex markets. PBoC daily fixing announcements set the directional tone, and deviations from the fix signal official intervention intent. Monitor US-China trade negotiation headlines and Chinese PMI data as the primary fundamental drivers.

Frequently Asked Questions — US Dollar / Chinese Yuan (Offshore) (USDCNH)

What is the current USDCNH perpetual futures funding rate?
The live US Dollar / Chinese Yuan (Offshore) (USDCNH) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists USDCNH perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest USDCNH perp trading fees?
SynFutures is the only tracked USDCNH venue with a comparable maker/taker schedule. It lists a 0.020% taker fee and a 0.010% maker fee. 1 position-fee venue is excluded from this maker/taker result. Use the cost comparison for total cost.
How does US Dollar / Chinese Yuan (Offshore) open interest compare across exchanges?
The US Dollar / Chinese Yuan (Offshore) (USDCNH) open-interest chart shows the total value of outstanding USDCNH 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 USDCNH long/short ratio indicate?
The US Dollar / Chinese Yuan (Offshore) 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 USDCNH forex perps compare to spot forex trading?
USDCNH 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 USDCNH perpetual futures?
US Dollar / Chinese Yuan (Offshore) (USDCNH) perps are listed on 2 exchanges: Gains Network and SynFutures. The "Where to Trade US Dollar / Chinese Yuan (Offshore) (USDCNH) 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