USDG — price, funding and open interest
USDG/USDT perpetual on Kraken · KuCoin · Upbit: price 0.9998, 24h turnover $196K. Updated in real time.
What this is
StablecoinA stablecoin issued by Paxos under Singapore rules, with reserves in cash and short-term bonds. The bet is on being regulated rather than on yield.
Chart
Chart built from data of KuCoin
USDG unlocks
No unlock schedule: the whole supply is already in circulation (100 % per CoinGecko).
Net issuance will appear once our supply ledger covers 30 days.
Supply figures are from CoinGecko, updated once a day. We do not take unlock schedules from trackers.
What the data shows
USDG trades at 0.9998. Over 365 days it ranged between 0.8855 and 1.1166; the price now sits in the middle of that range — 49% of the way from the yearly low to the high.
All-time high is 1.6700 (November 2024); the price is 40% below it now.
Open positions in USDG are worth $83K. Over the past hour open interest fell by 0.05%. That is at percentile 0 over three weeks: noticeably fewer positions than usual.
Over the day +0.61%, over the hour +0.61%, over the last five minutes +0.62% — the move has only just started.
The daily range is 0.6% and five-minute NATR is 0.62%. That range is at percentile 67 for the year — an ordinary day for it.
NATR is 0.48% on the minute and 0.63% on the hour — price grinds: the hourly range is barely wider than the minute one.
USDG correlation with Bitcoin over 24 hours is 0.05 — it goes its own way, barely looking at Bitcoin.
Funding is -0.0432%: shorts pay longs, so positioning leans to sellers.
24-hour turnover is $196K — percentile 49 for the year: a normal level of activity for it.
Traded on 3 venues: Kraken, KuCoin, Upbit — the price is cross-checked across several sources.
By turnover it ranks 1344 of 2043 instruments in the screener.
By daily range it ranks 1723 of 2043.
Built from current numbers and the coin's own year of history. Updates with the data.
How USDG behaved before
Tracked since November 2024 — 23 full months. 10 of 23 closed higher, median month +0.0%.
Best month — September 2026: +0.6%. Worst — June 2026: -0.4%.
Computed from our own minute history, month by month. The past promises nothing — but it shows what is ordinary for this instrument and what is not.
Our observations
KairoRight now USDG is within its usual range: volume, funding and open interest are all unremarkable.
Computed from our own minute history for this coin over a year. Percentile is the share of days the value was below today's. Description only, no forecasts.
What we noticed earlier
Similar instruments
From the same group — stablecoin. They open the same way, with a chart and a breakdown.
Price and movement
Turnover and activity
Futures metrics
How to read this
- Funding is a payment between longs and shorts. A positive rate means longs pay shorts: the market is crowded long.
- The rate rank shows how unusual that rate is for this particular coin: 97 means above 97% of the last month, a rare skew. Without the rank the bare number says nothing — every coin has its own normal.
- Open interest is the money sitting in positions that are still open. Rising alongside price means new money entering; rising while price falls means shorts building up.
- The OI rank is measured in contracts rather than dollars: otherwise it would drift up with price alone and claim a record where nothing changed.
- NATR shows how much a coin moves relative to its own price. High NATR with high turnover is where today's action is.
How much money sits in open positions on each venue. The total spans every exchange listing the contract.