Equity Derivatives Trader

Ethena Labs

Job Overview

Location

Remote

Employment Type

Full-time

Work Arrangement

Remote

Sector

Finance & Banking

Experience Level

Senior (5-8 years)

Application Deadline

March 5, 2026

About the Company

Ethena Labs is at the forefront of revolutionizing digital finance by building and deploying innovative digital dollar products. Their flagship product, USDe, is a synthetic dollar backed by digital assets and a unique delta-neutral hedged basis strategy, which has achieved significant scale. They also offer iUSDe, designed for traditional financial institutions, and USDtb, a fiat-backed stablecoin developed in partnership with BlackRock. Ethena Labs provides a whitelabel stablecoin offering, enabling other applications to launch their own stablecoins using their infrastructure. The company is committed to building the foundation for a more open, efficient, and interconnected global financial system, driven by a mission to separate the dollar from the state.

Job Description

Ethena Labs is seeking a highly skilled Equity Derivatives Trader to join our dynamic trading team. In this crucial role, you will be instrumental in managing the operations, trading, and positioning of the backing assets for our innovative USDe synthetic dollar. You will be responsible for the seamless movement of collateral between custodians, operating our sophisticated in-house automated execution platform, and maintaining clear communication with key internal stakeholders. This position demands a high degree of trust, flexibility, and the ability to respond effectively to market events in a 24/7 global marketplace. Your execution outcomes will be highly visible and are central to the success of Ethena's products.

To apply for this role, click the Apply button on this page and follow the instructions.

Required Skills

PythonPandasNumPyCryptocurrency TradingPerpetual ContractsSpot TradingAPI IntegrationRisk ManagementDeFi

Key Responsibilities

Engage in portfolio management activities to support the management of USDe's backing assets, including spot digital assets, derivatives positions, and deployments in DeFi money markets.
Execute trades efficiently using proprietary in-house algorithms, strictly adhering to risk parameters and prevailing market conditions.
Collaborate with team members to ensure continuous trading coverage, primarily during your designated working hours (US or Asia), and extend coverage when necessary to align with the Head of Trading's requirements.
Contribute to the development and prioritization of features for engineering to enhance and mature existing trading tools.
Monitor real-time market risks, including liquidity, volatility, and counterparty exposure, and adjust positions accordingly to minimize risk.
Provide regular, comprehensive updates to the Head Trader regarding portfolio performance, trade outcomes, and current market conditions.

Qualifications

Possess a current career at a senior trader level or higher within electronic or quantitative trading.
Have established professional experience in cryptocurrency markets, specifically in perpetual contracts and spot trading.
Demonstrate proficiency in using crypto exchange APIs and order execution workflows with at least two of the following exchanges: Binance, Bybit, Okx, Deribit, Bitget.
Exhibit proficiency in Python for data analysis, trade evaluation, or backtesting, utilizing libraries such as Pandas and NumPy.
Possess strong prioritization and communication skills, essential for a high-paced, high-integrity, and high-outcomes environment.

Benefits & Perks

Opportunity to join a highly successful crypto-native company.
Contribute to a mission of revolutionizing decentralized finance.
Work alongside a passionate and innovative team that values collaboration and creativity.
Enjoy a flexible, remote-friendly work environment.
Established opportunities for personal growth and learning.