Ethena USDe (USDE) Funding Rate History
Ethena USDe (USDE) perpetual futures funding ranges from -1.00 bps on BYBIT to 0.50 bps on FELIX across 2 reporting venues, a spread of 1.50 bps. The most extreme rate (-10.95% APY annualized) is on BYBIT. Currently funding signs are mixed: 1 positive, 1 negative.
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on USDE price.
USDE Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| BYBIT | -1.00 bps | -10.95% APY | -0.60 bps | $26.50K |
| FELIX | 0.50 bps | 5.47% APY | -1.70 bps | $649.89 |
Last updated 2026-06-01T06:34:03.014821Z (UTC).
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Related: USDE open interest, USDE volume, USDE perp market data.