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US Dollar / South African Rand (USDZAR) Perpetual Futures

US Dollar / South African Rand (USDZAR) Perpetual Futures — Live Data

Price
Total Open Interest
24h Volume
Venue
1

Where to Trade US Dollar / South African Rand (USDZAR) Perpetual Futures

US Dollar / South African Rand (USDZAR) 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 USDZAR 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/ZAR tracks the exchange rate between the US dollar and the South African rand, one of the most volatile EM currency pairs due to South Africa's commodity export dependence, political risk, and power infrastructure challenges. USDZAR perpetual futures are driven by gold and platinum prices, South African political developments, global EM risk appetite, and the ANC government's economic policy signals.

Trading Tips for US Dollar / South African Rand Perps

USDZAR is one of the highest-volatility forex perp pairs — expect wide intraday swings and use conservative leverage (2-3x maximum). Gold price movements have a strong inverse correlation with USDZAR since gold is South Africa's primary export. Use global EM sentiment and commodity price trends as directional filters for ZAR positioning.

Frequently Asked Questions — US Dollar / South African Rand (USDZAR)

What is the current USDZAR perpetual futures funding rate?
The live US Dollar / South African Rand (USDZAR) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists USDZAR perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest USDZAR perp trading fees?
SynFutures is the only tracked USDZAR 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 / South African Rand open interest compare across exchanges?
The US Dollar / South African Rand (USDZAR) open-interest chart shows the total value of outstanding USDZAR 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 USDZAR long/short ratio indicate?
The US Dollar / South African Rand 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 USDZAR forex perps compare to spot forex trading?
USDZAR 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 USDZAR perpetual futures?
US Dollar / South African Rand (USDZAR) perps are listed on 2 exchanges: Gains Network and SynFutures. The "Where to Trade US Dollar / South African Rand (USDZAR) 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