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United States Oil Fund ETF (USO) Perpetual Futures

United States Oil Fund ETF (USO) Perpetual Futures — Live Data

Market Overview

USO is an oil-linked ETF that tracks WTI crude oil futures prices through rolling futures contracts, providing equity market investors access to crude oil price movements. USO perpetual futures allow traders to express crude oil views through an ETF wrapper, though traders should be aware that USO's rolling futures methodology can cause tracking divergence from spot WTI prices over extended holding periods.

USO Perps Data — ETF Category

This page tracks perpetual futures data for ETF contracts including volume, open interest, funding rates, and liquidation flows. ETF perps on decentralized exchanges mirror the exposure of their underlying indices and commodities, making the data directly comparable to index and commodity perp metrics. Open interest in SPY and QQQ perps reflects retail and institutional equity positioning that tends to correlate with crypto market conditions, particularly during tech-driven rallies where BTC and NDX move together. GLD perp funding rates and open interest serve as a proxy for precious metals demand that complements the XAUUSD commodity perp data. Volume trends across ETF perps help identify whether multi-asset traders are rotating between equity, commodity, and crypto exposure on-chain.

Trading Tips for United States Oil Fund ETF Perps

USO perps track WTI crude oil but with potential roll-yield drag over time due to the ETF's futures rolling mechanics. For shorter-term oil trades, WTIUSD perps offer cleaner exposure. Use USO when your platform offers better liquidity on the ETF than the commodity pair, but account for the potential contango decay in the underlying for multi-week holds.

Where to Trade United States Oil Fund ETF (USO) Perpetual Futures

United States Oil Fund ETF (USO) perpetual futures are available on 1 exchange. Compare fees, leverage, and features below to find the best platform for trading USO perps.

Maker Fee
0.010%
Taker Fee
0.020%
Max Leverage
100x
Rating
7.8/5

Frequently Asked Questions — United States Oil Fund ETF (USO)

What is the current USO perpetual futures funding rate?
The live United States Oil Fund ETF (USO) funding rate is shown above, updated every 2 minutes. Funding rates are displayed as annualized percentages for each exchange listing USO perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest USO perp trading fees?
The cost comparison table above estimates total trading costs (maker/taker fees plus slippage) for a $100,000 USO perpetual futures trade across all major exchanges. Compare fees for USO perps on both centralized and decentralized platforms to find the most cost-effective venue.
How does United States Oil Fund ETF open interest compare across exchanges?
United States Oil Fund ETF (USO) open interest is broken down by exchange in the chart above, showing the total value of outstanding USO 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 USO long/short ratio indicate?
The United States Oil Fund ETF 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.
Where can I trade USO perpetual futures?
United States Oil Fund ETF (USO) perps are currently listed on 1 exchange. See the "Where to Trade" section above for a full comparison of fees, leverage limits, and direct trading links for each platform.

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