Mars Finance reports that, on August 28, according to official announcements, Ethena is expanding the collateral assets supporting USDe to include basis trades on equity perpetual contracts. The open interest (OI) of equity perpetual contracts has now approached $6 billion, covering approximately 200 contracts, all traded on the same platforms where Ethena already operates. Since March this year, the market size has grown more than tenfold. The average funding rate for equity perpetual contracts reaches 15%–20%, over five times higher than Bitcoin’s funding rate in 2026; meanwhile, the correlation between these funding rates and cryptocurrency market funding rates is nearly zero.
Ethena Expands USDe Asset Support to Stock Perpetuals Trading
MarsBitShare
Summary
On August 28, 2026, Ethena added perpetual futures support for stock perpetual basis trading. Open interest in stock perpetual contracts is nearing $6 billion, with over 200 contracts listed. Trading volume has increased more than tenfold since March 2026. Funding rates average 15%-20%, significantly higher than Bitcoin’s 2026 rates, and show minimal correlation with crypto markets.
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