USDE — price, funding and open interest
USDE/USDT perpetual on HTX · Bybit · Upbit · Kraken: price 0.9990, 24h turnover $16K. Updated in real time.
What this is
StablecoinUSDe — Ethena's synthetic dollar. It rests not on bank reserves but on a hedged crypto position: there is yield, but the risks are its own and unfamiliar.
Chart
Chart built from data of HTX
What the data shows
USDE trades at 0.9990. Over 365 days it ranged between 0.8620 and 1.0008; the price now sits in the upper third of that range — 99% of the way from the yearly low to the high.
The daily range is 0.1% and five-minute NATR is 0.01%. That range is in the 0th percentile for the year — a noticeably calmer day than usual.
24-hour turnover is $16K — the 11th percentile for the year: trading is quiet.
Over the day 0.00%, over the hour +0.01%, over the last five minutes +0.01% — the move has only just started.
NATR is 0.01% on the minute and 0.02% on the hour — price grinds: the hourly range is barely wider than the minute one.
USDE correlation with Bitcoin over 24 hours is 0.18 — it goes its own way, barely looking at Bitcoin.
Funding is +0.0100%: longs pay shorts, so positioning leans to buyers.
Traded on 4 venues: HTX, Bybit, Upbit, Kraken — the price is cross-checked across several sources.
Open positions in USDE are worth $959K. Over the past hour open interest rose by +0.39%.
By turnover it ranks 1683 of 1904 instruments in the screener.
By daily range it ranks 1883 of 1904.
Built from current numbers and the coin's own year of history. Updates with the data.
How USDE behaved before
Tracked since August 2024 — 24 full months, and rising ones prevail: 14 of 24. Median month +0.0%.
Best month — January 2025: +0.3%. Worst — August 2024: -1.3%.
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 USDE 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.