PerpEquities

Equity

USA Rare Earth, Inc. (USAR) perpetual futures

USAR perpetual futures on 20 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade USARUSDT.

USA Rare Earth, Inc. produces magnets and is developing an integrated U.S. facility for the full NdFeB magnet lifecycle, serving defense, automotive, aerospace, industrial, healthcare, and consumer electronics sectors.

$7.91-5.4%NASDAQ open
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TradingView symbol NASDAQ:USAR

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Trading data

Perpetual market activity

20/20 live markets
Venues
20
Live markets
20/20
24h volume
$24.9MCoverage: 17/20 marketsExchange-reported volume: $206.4M
Open interest
$6.9MCoverage: 16/20 markets
Best liquidity
$1.9M
Ourbit
Tightest spread
+1.3 bps
OKX
Highest volume
$7.3M
Binance
Settlement mix
USDT · 16/20
Perp/spot vol.
0.14x
Spot volume $180M
OI / float
+0.45%
Float $1.5B
Spot performance
1D-2.36%
5D+3.73%
1M-31.73%
6M-68.41%
YTD-32.18%
1Y-52.30%

Venue matrix

20 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BinanceTradeUSAR/USDTTrading$7.910.0% APR
0.000% every 8h
+12.8 bps$504.2K$7.3M$2.2MUSDT-
BitgetTradeUSAR/USDTTrading$7.920.0% APR
0.000% every 8h
+12.8 bps$934.7K$3.6M$781.6KUSDT20x
Hyperliquid HIP-3Tradexyz:USARTrading$7.91+6.9% APR
+0.00078% every 1h
+15.7 bps-$1.8M$1.5MUSDC10x
OKXTradeUSAR/USDTTrading$7.920.0% APR
0.000% every 8h
+1.3 bps$16.2K$1.2M$886.5KUSDT20x
KuCoinTradeUSAR/USDTTrading$7.920.0% APR
0.000% every 8h
+12.8 bps$7.9K$692.2K$373.8KUSDT20x
MEXCTradeUSAR/USDTTrading$7.910.0% APR
0.000% every 8h
+25.6 bps$647.4K$481K$242.7KUSDT20x
Gate.ioTradeUSAR/USDTTrading$7.910.0% APR
0.000% every 8h
+12.8 bps$10.5K$479.1K$350.7KUSDT20x
BitunixTradeUSAR/USDTTrading$7.92+4.2% APR
+0.00386% every 8h
+12.8 bps$1.3M$228.1K$20.5KUSDT20x
BybitTradeUSAR/USDTTrading$7.920.0% APR
0.000% every 8h
+12.8 bps$25.6K$205.8K$454.8KUSDT25x
GRVTTradeUSAR/USDTTrading$7.910.0% APR
0.000% every 8h
+38.4 bps$52.6K$194.7K$1.2KUSDT-
AsterTradeUSARUSDTTrading$7.910.0% APR
0.000% every 8h
+38.4 bps$89.1K$12.7K$18.8KUSDT-
Crypto.com ExchangeTradeUSAR/USDTrading$7.90+142.5% APR
+0.016% every 1h
+38.5 bps$6.1K$8.9K$2.8KUSD50x
XT.comTradeUSAR/USDTTrading$7.91+11.1% APR
+0.010% every 8h
+12.8 bps$2.6K$6.5K-USDT20x
HTXTradeUSAR/USDTTrading$7.920.0% APR
0.000% every 8h
+115.0 bps$17.3K$4.6K$9.8KUSDT-
ExtendedTradeUSAR/USDTrading$7.910.0% APR
0.000% every 1h
+13.9 bps-$4K$3.9KUSD10x
VestTradeUSAR/USDCTrading$7.90+5.0% APR
+0.00057% every 1h
+51.3 bps$205.1K--USDC10x
LBankTradeUSAR/USDTTrading$7.920.0% APR
0.000% every 8h
+12.8 bps$782.8K$6.5M-USDT50x
BingXTradeUSAR-USDTTrading$7.92+5.5% APR
+0.00500% every 8h
+12.7 bps$480.5K15 min$2.1M-USDT-
DeepcoinTradeUSAR/USDTTrading$7.92-+38.4 bps$1.1M$178.1M⚠$1.8KUSDT25x
OurbitTradeUSAR/USDTTrading$7.910.0% APR
0.000% every 8h
+12.7 bps$1.9M$3.5M⚠$123.5KUSDT20x

Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Broad liquidity · 14 of 20 venues absorb $10k · Typical cost: +14.5 bps – +40.4 bps

Too thin: Gate.io, KuCoin, Crypto.com Exchange, XT.com

No fresh book data: HTX, Extended

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

USAR

Tightest spread

USAR

Highest volume

USAR

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-11-12 · next report 2027-03-29 · Updated 1h ago
All financials →

Valuation & key figures

Market cap
$1.97B
Share count from filing · Updated 1h ago
Revenue
$16.2M
Trailing 12 months
Revenue growth
–
Next fiscal year
Profit margin
-716.5%
Net income / revenue, TTM
P/E
No P/E
Loss in the last twelve months
P/S
122.2×
Price / sales, TTM
Peer P/E
135.4×
Similar listed perps
EV / EBITDA
-12.3×
TTM
Free cash flow
-$462M
Trailing 12 months
Net income
-$116M
Trailing 12 months
Revenue estimate
–
Next fiscal year
Earnings
2027-03-29
Revenue est. $45.8M · Updated 1h ago
Dividend
–
No dividend
Revenue (TTM)$16.2M– vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)-1,550.1%– vs a year agoOperating income -$251M
Net income (TTM)-$116M+54.4% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-$462M-1,089.0% vs a year agoCapex $215M
Diluted EPS (TTM)-$0.78+75.6% vs a year agoSum of the last 4 quarters
Net cash$782M+205.1% vs a year agoCash + short-term investments - debt
  • Last report (2026-11-09): revenue missed by 76.7%, EPS missed by 347.5%Revenue $3M vs $12.9M expected (-76.7%); EPS -$0.44 vs -$0.10 (-347.5%).
  • Capex 1,329.4% of revenue$215M invested in the last 4 quarters (+1,408.0% on a year earlier). Free cash flow -$462M.
  • Diluted share count up 177.7% in a year285M diluted shares in Q3 '26, 103M a year earlier.
  • Net cash $782MCash + short-term investments $1.09B, debt incl. leases $309M; a year ago net cash $256M.

Revenue, operating income and growth

quarterly
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 246 lines USA Rare Earth Inc reported to the SEC

Next catalyst

Catalysts

Earnings
2027-03-29
Revenue est. $45.8M · Updated 1h ago

No unusual perp activity right now.

Reference data

Market context

Reference market

Open
NASDAQ
Regular hours
09:30 AM – 04:00 PM EST
Next holiday
Nov 26, 2026 · Thanksgiving Day

Extended-hours reference

Bid7.83
Ask7.84
Volume5,597,905

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-0.83$62.8M+755%2
FY 2027-0.71$633.7M+909%3
FY 20280.05$1.5B+141%3
FY 20290.51$2.1B+39%1
FY 20301.91$2.9B+37%1
Q1 20290.41$406M-1
Source: FMP · Consensus

Company events

6
2027-03-29EarningsActual - / Estimate -0.306-
2026-11-09Earnings · After market closeActual -0.44 / Estimate -0.0983Miss
2026-08-10Earnings · After market closeActual -0.15 / Estimate -0.112Miss
2026-05-13EarningsActual -0.12 / Estimate -0.13Beat
2026-03-30EarningsActual -0.19 / Estimate -0.12Miss
2025-11-06EarningsActual -1.64 / Estimate -0.0975Miss

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Nov 13, 2026, 01:17 PM UTC

Company profile

Sector
Basic Materials
Industry
Industrial Materials
Chief executive
Barbara W. Humpton
Employees
132
IPO date
Mar 14, 2025
Country
US
Exchange
NASDAQ Global Market
Website
Altman Z-scorei3.07
Piotroski scorei3/9
Overall ratingiB-
Owner earningsi-$111.41M-$0.57 per share
ESG risk ratingiBIndustry rank: 26/47

Rating factors

Return on equityi
1/5
Return on assetsi
1/5
Debt to equityi
4/5
Price to earningsi
1/5
Price to booki
3/5
Market cap history
$2.36B-7.9%Nov 2026 – Nov 2026
$2.36B$2.46B$2.56BHigh: $2.56B · 2026-11-09Latest: $2.36B · 2026-11-12Nov 2026
Latest: $2.36B · 2026-11-12High: $2.56B · 2026-11-09Low: $2.36B · 2026-11-12

Not comparable with the headline: the provider's history counts about 292.65M shares, the headline 244.72M. Shown as the provider reports it. Shown from Nov 9, 2026: earlier points count a different number of shares and are left out.

Largest fund holders
FundWeightShares held
XME3.07%9M
VTI0%6M
IWM0.1%5.1M
NJM0.15%4.3M
FSSNX0.13%3M
VB0.02%2.2M
VXF0.04%2M
IWO0.2%1.8M
CGOAX0.73%1.4M
VBK0.05%1.2M
VTWO0.11%1.1M
FSMAX0.03%865.2K

Analyst track record

How the analysts covering USAR have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings4569
Analysts1212
Buy / hold / sell45 / 0 / 069 / 0 / 0
Upgrades / downgrades / initiations0 / 0 / 40 / 0 / 9
Price targets hit / missed0 / 36 (0%)0 / 57 (0%)
Avg. return after a rating (TipRanks)-74.3%-67.6%
Best / worst call-46.2% / -90.0%-46.2% / -90.0%

After buy calls on this stock: median 21-day move -7.3% vs S&P 500 -8.2% (n = 65)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Sujeeva De SilvaRoth MKM88% hit rate on this stock · 8 targets measuredBuytarget $30.00May 14, 2026

Latest ratings

DateAnalystCallTarget
Nov 10, 2026Suji DesilvaRoth MKMNov 10, 2026BuyMaintained$20.00↗
Nov 9, 2026Derek SoderbergCantor FitzgeraldNov 9, 2026BuyReiterated$30.00↗
Oct 20, 2026Matt KeyTexas Capital SecuritiesOct 20, 2026BuyInitiated$28.00↗
Sep 2, 2026Laurence AlexanderJefferiesSep 2, 2026BuyInitiated$21.00↗
Aug 25, 2026Jeff GramppNorthland SecuritiesAug 25, 2026BuyMaintained$45.00↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$10.00$20.00$30.00$40.00Dec 25 · Buy 5 · Hold 0 · Sell 0Dec 25Jan 26 · Buy 5 · Hold 0 · Sell 0Feb 26 · Buy 5 · Hold 0 · Sell 0Feb 26Mar 26 · Buy 5 · Hold 0 · Sell 0Apr 26 · Buy 6 · Hold 0 · Sell 0Apr 26May 26 · Buy 8 · Hold 0 · Sell 0Jun 26 · Buy 9 · Hold 0 · Sell 0Jun 26Jul 26 · Buy 9 · Hold 0 · Sell 0Aug 26 · Buy 10 · Hold 0 · Sell 0Aug 26Sep 26 · Buy 11 · Hold 0 · Sell 0Oct 26 · Buy 12 · Hold 0 · Sell 0Oct 26Nov 26 · Buy 12 · Hold 0 · Sell 0Dec 25 · avg. target $22.75Jan 26 · avg. target $37.00Feb 26 · avg. target $37.00Mar 26 · avg. target $32.25Apr 26 · avg. target $36.40May 26 · avg. target $36.71Jun 26 · avg. target $42.88Jul 26 · avg. target $41.00Aug 26 · avg. target $41.44Sep 26 · avg. target $39.40Oct 26 · avg. target $38.36Nov 26 · avg. target $38.36Dec 25 · month-end close $11.90Jan 26 · month-end close $22.42Feb 26 · month-end close $18.90Mar 26 · month-end close $15.14Apr 26 · month-end close $25.97May 26 · month-end close $28.01Jun 26 · month-end close $21.58Jul 26 · month-end close $14.95Aug 26 · month-end close $17.82Sep 26 · month-end close $14.08Oct 26 · month-end close $9.62Nov 26 · month-end close $8.23

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Nov 13, 2026 · 45 ratings

Frequently asked questions

Where can I trade USAR perpetual futures?

USA Rare Earth, Inc. (USAR) perpetual futures trade on 20 crypto venues, including Deepcoin, Binance, LBank. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade USAR around the clock?

Yes. Unlike the underlying stock, USAR perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on USAR perpetuals?

Right now the USAR perp funding rate is +3.4% annualized (venue median), ranging from 0.0% to +6.9% across 20 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the USAR perp price compare to the USA Rare Earth, Inc. stock?

The venue-median USAR perp mark is $7.91 versus a reference stock price of $7.91, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a USAR perpetual future?

A USAR perpetual is a derivative that tracks the price of USA Rare Earth, Inc. with no expiry date. It lets you take long or short exposure to USA Rare Earth, Inc. on crypto venues, around the clock.

What is USARUSDT perpetual?

USARUSDT is the symbol most crypto exchanges use for the USA Rare Earth, Inc. perpetual settled in USDT (Tether). It tracks the USAR share price through an index, trades 24/7 with leverage and never expires.

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