USUAL Perpetual Futures

– 24h · perp mark price

Live · updated – Compare USUAL exchanges

24h volume – vs prior 24h Open interest – · Funding rate (OI-weighted, 8h) – annualised Long / short ratio (24h) – long Liquidations (24h) – longs OI / market cap – Market cap –

Usual price and derivatives history

Daily close and perpetual volume across tracked exchanges

Usual perpetual futures market

Usual is a DeFi protocol that issues USD0, a stablecoin backed by tokenised US Treasury bills and similar real-world assets. USUAL is the governance and rewards token, designed to give holders a share of the value the protocol generates. Traders use USUAL perps for leveraged exposure to the RWA stablecoin theme, to short the token, or to hedge USUAL earned through the protocol's rewards.

The token's price is tied to protocol growth, emissions and changes to its reward rules. In January 2025 a change to how USD0++ could be redeemed caused a brief depeg and a sharp USUAL sell-off, showing how sensitive the market is to tokenomics updates. Binance leads perp volume, with BingX and WhiteBIT next. Books are thin, so liquidations can stretch moves in either direction.

USUAL funding rates USUAL open interest USUAL liquidations USUAL long/short ratio

Ticker: USUAL
Asset class: Crypto
Tracked markets: –
Most active venue: –
Funding intervals: –
Trading hours: 24/7
±1% order book depth: –

Usual perpetual markets by exchange

Every tracked USUAL perpetual market

#	Exchange	Price	24h	Volume 24h	Open interest	OI 24h	Funding 8h	L/S	Liq. 24h	±1% depth	Trade

Open interest by exchange

Share of total · 24h change

All OI

Liquidations by exchange

Last 24h · long vs short

All liquidations

Taker buy vs sell

Last 4h · buy share of taker volume

Long/short data

Usual perpetual futures FAQ

Live answers use data from every tracked USUAL perpetual markets · updated –

What is the USUAL funding rate today?

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How much USUAL open interest is there?

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What is Usual?

Usual is a stablecoin protocol that issues USD0, backed by real-world assets such as short-term US Treasury bills held through tokenised funds. Its USUAL token rewards users and governs the protocol. The idea is to share revenue from those reserves with the community instead of keeping it with a single issuer.

What is USUAL perpetual futures trading volume?

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Are traders long or short USUAL right now?

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What is USD0++?

USD0++ is a staked, locked version of USD0 that earns yield and USUAL rewards in exchange for locking funds for a fixed term. In early 2025 a change to its redemption terms caused it to trade below its peg for a period, which hit confidence in the wider Usual ecosystem.

How do emissions affect USUAL?

New USUAL is distributed as rewards to users who hold or stake protocol products, which adds supply over time. If demand for the token does not keep pace with emissions, selling pressure can build. Changes to emission rules or rewards are among the main catalysts for USUAL perps.

How much USUAL was liquidated in the last 24 hours?

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Is USUAL a stablecoin?

No. USD0 is the protocol's stablecoin and aims to stay at one dollar. USUAL is a separate governance and rewards token whose price floats freely and can be very volatile, which is why it trades on perps markets.

What are USUAL perpetual futures?

USUAL perpetual futures are derivatives contracts that track the price of USUAL and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any USUAL.

How does USUAL funding work?

Funding is a payment between longs and shorts. When USUAL perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.

Where can I trade USUAL perpetuals?

Compare venues, fees and features on the best perpetual exchanges page.

Should I long or short USUAL?

Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.