USD ETHENA (USDE) price, where to buy & arbitrage

USDE 15 exchanges

USD Ethena (USDE) trades on 15 exchanges that Finder tracks live, across 14 spot, 3 perpetual markets. USD Ethena arbitrage means buying USDE where it is priced lower and selling where it is higher, capturing the gap before it closes. The deepest liquidity is on Bybit ($11,122,774 of $20,826,883 total 24h volume). It can be moved between exchanges over ERC20, TON, BEP20, MANTLE, MORPH. With both spot and perpetual USDE markets live, the spot-versus-perp gap and the cross-exchange spread are both arbitrage opportunities. Finder compares every USDE quote in real time to surface the best cross-exchange arbitrage spread, with live deposit and withdrawal status on each rail. Closed transfer rails are flagged before you act, so a wide spread on a stuck route is never shown as live.

Data refreshed 2026-06-29
View on dashboard CoinGecko ↗
Live · 15 exchanges Real-time ↗
$0.998791
+0.02%24h
Cross-exchange $0.01 · 0.99%
Poloniex → Lbank · 24h high +2.78% · 8h ago
Most liquid Bybit spot · $11.1M/24h
Supported networks 24 chains
Erc20 Ton Bep20 Mantle Morph Aptos Arbitrum Avaxc Base Bera Blast Fraxtal Hype Inj Kava Manta Metis Plasma Scroll Sol Swell Xlayer Zircuit Zksync

USDE price · last 7d

-0.01%
low 0.99945 Bybit · 7d high 1.0002

Where USDE trades

17 markets
Exchange
Market
Funding
Bid
Ask
24h Vol
Vol%
NetworkD/WFee
Bybit
spot
—
$0.9997
$0.9998
$11.1M
53.4%
ERC20DW$1.00MANTLEDWfreeTONDW$1.00
Bybit
futures
-0.0129%
$0.999
$0.9991
$6k
<0.1%
ERC20DW$1.00MANTLEDWfreeTONDW$1.00
Lbank
spot
—
$0.9997
$0.9998
$375k
1.8%
ERC20DW$1.00
Lbank
futures
-0.0100%
$0.9997
$0.9998
$1.1M
5.1%
ERC20DW$1.00
Binance
spot
—
$0.9997
$0.9998
$2.3M
10.9%
BEP20DW$0.20ERC20DW$0.50
Phemex
spot
—
$0.9997
$0.9998
$1.8M
8.6%
ERC20DW
Mexc
spot
—
$0.9997
$0.9998
$1.1M
5.4%
ERC20DW$1.00TONDWfree
Htx
spot
—
$0.998
$0.999
$1.1M
5.2%
ERC20DW$1.18
Hyperliquid
spot
—
$0.9986
$0.9988
$551k
2.6%
❔
Bitget
spot
—
$0.9997
$0.9998
$491k
2.4%
ERC20DW$0.80MORPHDW$0.10
Kraken
spot
—
$0.9984
$0.9986
$416k
2.0%
❔
Bitmart
spot
—
$0.9989
$0.9996
$290k
1.4%
ERC20DW$3.10
Xt
spot
—
$0.9996
$0.9999
$227k
1.1%
ERC20DW$6.99
Gateio
spot
—
$0.9991
$0.9993
$21k
0.1%
ERC20DWTONDW
Kucoin
spot
—
$0.9971
$0.9996
$2k
<0.1%
ERC20DW$4.99
Weex
spot
—
$0.9998
$0.9999
$840
<0.1%
❔
Poloniex
spot
—
$0.9701
$1.01
$36
<0.1%
ERC20DW$0.32

USDE order-book walls

4 walls

Large resting limit orders sitting on USDE order books right now: buy walls (support) and sell walls (resistance), ranked by size with distance from the mid price and the venue. Updated live.

Side
Price
Size
From mid
Of side
Exchange
Resistance
$1
$5.2M
0.03%
66%
Mexc spot
Resistance
$1.001
$2.5M
0.13%
69%
Lbank spot
Support
$0.9985
$659k
0.02%
64%
Hyperliquid spot
Resistance new
$0.9997
$632k
0.05%
83%
Gateio spot

About USD Ethena spreads

Q.01 Where can I buy USDE? +
USDE is listed on 17 exchanges: Binance, Bitget, Bitmart, Bybit, Gateio, Htx, Hyperliquid, Kraken, …. The highest-volume market is Bybit ($11,122,774 24h). Current lowest price: $0.99005 on Poloniex (spot).
Q.02 Where is USDE cheapest to buy right now? +
The lowest live USDE price across the exchanges we track is $0.99005 on Poloniex (spot). Prices move every second, so the cheapest exchange can change. The live table above is the source of truth.
Q.03 Does USDE trade on spot or futures? +
USDE is available across 14 spot markets, 3 perpetual markets. Both spot-versus-perp and cross-exchange spreads are surfaced on the dashboard.
Q.04 How do I arbitrage USDE between exchanges? +
Buy USDE on the cheaper exchange and sell on the dearer one, then settle the difference. You either transfer the coin (only when the deposit and withdrawal rail is open) or hold offsetting spot and perpetual legs. The main risks are transfer windows, fees and execution speed, all of which Finder surfaces per spread so you act only on routes that are actually open.
Q.05 Which networks does USDE support for deposit and withdrawal? +
USDE can be transferred via ERC20, TON, BEP20, MANTLE, MORPH networks. Real-time deposit/withdrawal status per exchange is tracked in the table above. Rails change frequently and we refresh our data every few minutes.
Q.06 How often are USDE prices and arbitrage data updated? +
Orderbook prices come from exchange WebSockets with per-symbol updates within seconds. Deposit/withdrawal status refreshes every few minutes. Arbitrage spreads are computed continuously from the same stream.

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How to arbitrage USDE

Cross-exchange arbitrage
Compare spot prices across exchanges, move the coin on an open rail, capture the gap.
Spot-futures basis
Trade the basis between spot and the perpetual on the same asset.
%
Funding-rate arbitrage
Earn the funding-rate spread delta-neutral across perpetual venues.
Full arbitrage guide
The complete playbook: routes, fees, transfer rails, risks and execution.

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