Live data
Usual perpetual futures
Live funding rates, open interest, and measured trade costs for Usual. 5 venues in the PerpFinder venue map list USUAL perps.
At a glance
This USUAL funding snapshot covers 2 venues: Hyperliquid and dYdX. It is the server-rendered page seed, not the venue total; the live funding panel below covers every venue that lists USUAL.
- Highest annualized funding
- +10.95%Hyperliquid
- Lowest annualized funding
- 0.00%dYdX
More
The highest listed annualized funding rate is +10.95% on Hyperliquid, and the lowest is 0.00% on dYdX.
Only Hyperliquid reports open interest of the 2 listed venues, so there is no executable spread.
Hyperliquid reports $685.9k of open interest across the venues in this snapshot that publish it.
The USUAL price in this snapshot comes from Hyperliquid at $0.0115.
Generated from live venue feeds at
Funding rates
Annualized rates across exchanges
HyperliquidDEX
dYdXDEXOpen interest
Per-exchange open interest
HyperliquidLong/short ratio
Account-level positioning
Long/short ratios are published for BTC, ETH, SOL, and XRP only.
Cost comparison
Fee plus slippage for a $100K trade
The order-book cost engine measures BTC, ETH, SOL, XRP, BNB, DOGE and HYPE. USUAL is not measured. Live costs for the measured assets are on the cost comparison tool.
Where to Trade Usual Perpetual Futures
5 of the 5 venues that list USUAL perps have a PerpFinder review page. The table compares fees, leverage, and features for those 5.
Market Overview
Usual is a decentralized stablecoin protocol that distributes yield from real-world asset backing to token holders through its USD0 stablecoin. USUAL perpetual futures are available on centralized exchanges. USUAL perps offer leveraged exposure to the RWA-backed stablecoin narrative, with open interest patterns that reflect both DeFi yield sentiment and stablecoin market dynamics.
Trading Tips for Usual Perps
USUAL is sensitive to stablecoin regulatory news and RWA yield dynamics. When DeFi stablecoin yields rise, USUAL tends to benefit as more capital flows into its ecosystem. Track USD0 supply growth as a fundamental indicator for USUAL perp positioning.
Frequently Asked Questions — Usual
What is the current USUAL perpetual futures funding rate?
The live Usual funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists USUAL perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest USUAL perp trading fees?
Among 4 tracked USUAL venues with comparable order-book schedules, SynFutures lists the lowest taker fee at 0.020%. Orderly Network lists 0.030%. 1 position-fee venue is excluded from this maker/taker result. Use the cost comparison for total cost.
How does Usual open interest compare across exchanges?
The Usual open-interest chart shows the total value of outstanding USUAL 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 USUAL long/short ratio indicate?
The Usual 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 USUAL perpetual futures?
Usual perps are listed on 5 exchanges: Hyperliquid, dYdX, Gains Network, SynFutures, and Orderly Network. The "Where to Trade Usual Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.
Category: DeFi · Data updates every 2 minutes · All rates shown are annualized