Ethena USDe Funding Rate (USDE)

Compare Ethena USDe perpetual funding rates across exchanges in real time · OI-weighted composite rate · updated every minute

Ethena USDe current price: $1.00

Rate MatrixHeatmapCumulative Fees

USDE Funding Rate by Exchange

Next settlement --:--:--
#ExchangeFunding RateAPRSettlement IntervalNext SettlementOpen Interest
1Bybithighest-0.0101%-11.11%8h16:00 UTC$1.0M
2Bitunix+0.0000%+0.00%8h11:45 UTC
3LBank+0.0100%16:00 UTC
APR = period rate × (24 / settlement interval) × 365. Shown as — when the exchange's settlement interval is unknown.
Simple Average
-0.0000%
OI-Weighted Rate
-0.0101%
Volume-Weighted Rate
+0.0099%

USDE Funding Rate History

About Ethena USDe Funding Rate

What is the USDE funding rate?

The USDE funding rate is a periodic payment between long and short traders on Ethena USDe perpetual futures, designed to keep the contract price anchored to the spot index. When the rate is positive, longs pay shorts; when negative, shorts pay longs. It is the main ongoing cost (or income) of holding a leveraged USDE perpetual position.

What does a positive or negative USDE funding rate mean?

A persistently positive USDE funding rate signals crowded long positioning and bullish sentiment — longs keep paying to stay in the trade. A negative rate signals short-side dominance and bearish sentiment. Extreme funding rates in either direction often indicate an overcrowded trade and raise the risk of a sharp reversal or short squeeze/long squeeze.

What is the current USDE funding rate?

As of now, the USDE funding rate averages -0.0000% across 3 exchanges CoinBoss tracks, and the rate is negative. This figure updates in real time — check the table above for the latest per-exchange breakdown and the OI-weighted composite rate.

Which exchange has the highest USDE funding rate?

Right now bybit shows the highest (or most extreme) USDE funding rate among tracked exchanges, at -0.0101%. Funding rates can vary meaningfully across exchanges due to differences in order-book premium, index price and leverage demand — creating potential funding rate arbitrage opportunities.
Most exchanges settle funding every 8 hours (00:00 / 08:00 / 16:00 UTC). Actual settlement intervals may vary by exchange and contract.