How to hedge Ethereum

ETH is Ethereum token.

As ETH is a volatile asset, in certain instances it will require hedging.

The best method of hedging ETH is to use crypto derivatives.
There are multiple of the exchanges serving futures and perpetual swaps.

Choose from the list of hedging options

Ethereum Futures

When required to hedge the position for the mid-term period (weeks to months) you can use futures.

At the moment however, there is not any future contract for ETH available.

Ethereum Perpetual Swaps

Short position for indefinite time is also possible by using perpetual.
Moreover you can earn swaps in particular cases.

Exchange Symbol Premium (-)
Discount (+)		 Spread Funding Rate Open Intrest 24h Volume
Demex (Derivatives) ETH_PERP.USD -0.343 0.01 -0.00001 38,973,029,760,000,000,000,000 2,407,792
Binance (Futures) ETHUSDT -0.065 0.01 0.02086 6,295,339,033 6,207,569,324
Deepcoin (Derivatives) ETHUSDT -0.092 0.01 -0.04363 5,262,890,952 1,664,908,388
Bybit (Futures) ETHUSDT -0.102 0.01 0.03260 4,845,872,057 2,301,385,648
Bitunix Futures ETH_USDT -0.069 0.01 0.02947 3,534,091,053 2,834,239,002
CoinW (Futures) ETH/USDT 0.019 0.01 0.02085 3,168,788,731 3,653,967,409
MEXC (Futures) ETH_USDT -0.066 0.01 0.02180 3,114,530,573 3,161,206,150
Coincall ETH-USD -0.072 0.01 0.01983 2,895,977,803 36,674,651
WhiteBIT Futures ETH_PERP -0.086 0.01 -0.02207 2,451,867,387 734,553,489
HTX Futures ETH-USDT -0.065 0.01 0.02085 1,995,443,001 430,574,286
XT.COM (Derivatives) ETH_USDT -0.042 0.01 0.01500 1,911,364,175 2,970,409,520
WEEX (Futures) ETH-USDT 0.000 0.01 0.00024 1,793,824,521 4,813,856,472
Gate.io (Futures) ETH_USDT -0.067 0.01 0.01870 1,312,086,828 1,062,836,751
Binance (Futures) ETHUSD_PERP -0.093 0.01 0.01646 1,207,112,870 945,387,286
Toobit Futures ETH-SWAP-USDT -0.066 0.01 0.02020 1,086,291,725 4,311,123,600
MXC (Futures) ETH_USDT -0.003 0.02 0.00827 985,385,032 150,738,726
OrangeX Futures ETH-USDT-PERPETUAL -0.026 0.00 0.02080 932,015,415 2,630,863,825
Hyperliquid (Futures) ETH-USD -0.087 0.01 0.00429 872,043,059 521,846,305
Coincatch Derivatives ETHUSDT_UMCBL -0.072 0.02 0.02050 826,421,834 4,747,730,896
FTX (Derivatives) ETH-PERP -0.617 0.02 0.40560 792,303,620 3,495,077,764
C-Trade ETHUSDT 0.043 0.02 0.00000 789,703,189 33,658,810
Bybit (Futures) ETHUSD -0.112 0.01 0.02996 710,068,895 139,034,604
Crypto.com Exchange (Futures) ETHUSD-PERP -0.020 0.01 0.00497 696,609,227 1,174,066,775
BYDfi (Futures) ETH-PERPUSDT -0.093 0.01 0.06945 645,891,096 3,742,716,774
BitVenus Futures ETH-SWAP-USDT 0.000 0.01 0.00058 551,396,156 1,868,909,444
AAX Futures ETHUSDTFP 0.371 0.09 0.24222 540,279,198 762,127,425
BTSE (Futures) ETH-PERP -0.002 0.02 0.00406 509,302,985 531,512,577
BVOX (Futures) ETH-SWAP-USDT 0.000 0.01 0.01156 494,466,171 1,800,790,291
BingX (Futures) ETH-USDT -0.112 0.01 0.03540 487,147,296 573,094,537
C-Trade ETHUSD 0.047 0.01 0.01000 486,780,315 6,657,776
PrimeXBT ETH/USD 0.000 0.03 0.00000 464,012,100 19,632,512
Bybit ETHUSDT 0.049 0.01 0.00140 458,515,321 3,066,846,994
CoinTR Pro (Derivatives) ETHUSDT 0.024 0.00 0.00520 390,048,874 243,794,136
LBank (Futures) ETHUSDT -0.063 0.01 0.02090 360,072,298 388,833,530
Blofin ETH-USDT 0.000 0.01 0.00927 356,324,754 2,103,839,094
Prime XBT ETH/USD 0.000 0.03 0.00000 345,275,300 16,569,600
Deribit ETH-PERPETUAL -0.058 0.01 0.01180 335,113,881 99,636,660
BTCEX (Futures) ETH-30SEP22 0.088 0.04 -0.00540 312,936,114 53,456,052
BloFin (Futures) ETH-USDT 0.000 0.01 0.02642 261,900,965 76,635,381
OKEx (Futures) ETH-USDT-SWAP -0.055 0.01 0.01217 254,856,013 6,288,747,772
Bybit ETHUSD 0.029 0.01 0.01000 242,232,653 566,743,640
Bitfinex (Futures) TETHF0:USTF0 0.808 0.21 -0.25000 217,744,062 18,656,998
Binance (Futures) ETHUSDC 0.006 0.01 0.01420 217,024,402 165,660,365
MyCoinStory ETHUSDT_QUANTO_PERP -0.157 0.00 0.04260 211,528,234 2,231,119
PrimeXBT ETH/BTC 0.000 0.25 0.00000 194,694,700 4,213,745
dYdX Chain (Cosmos) ETH-USD 0.020 0.00 0.00686 184,896,342 75,366,902
MXC (Futures) ETH_USD 0.136 0.02 0.02000 179,583,950 6,033
Bitrue (Futures) ETH-USDT 0.036 0.01 0.01468 178,755,226 7,604,577,181
OKEx (Futures) ETH-USD-SWAP -0.031 0.01 -0.02141 151,636,920 546,197,796
BTCEX (Futures) ETH-24JUN22 0.369 0.04 0.01000 140,877,096 66,467,431
Phemex (Futures) ETHUSD 0.034 0.01 0.01000 125,003,027 554,076,769
BTSE (Futures) ETHPFC 0.030 0.01 0.00000 120,710,875 164,373,008
dYdX Perpetual ETH-USD -0.123 0.01 0.00595 116,901,224 109,553,649
BitMEX ETHUSD -0.105 0.01 0.08720 115,519,960 70,990,951
Hopex ETHUSDT -2.341 0.00 0.00000 113,836,893 426,064,272
Hyperliquid ETH-USD -0.044 0.01 0.00125 112,162,738 404,895,572
MEXC Global (Futures) ETH_USDT 0.035 0.01 0.00730 104,252,740 185,078,257
BitZ (Futures) 102 0.039 0.12 0.00000 94,644,211 283,991,832
ZBG Futures ETH_USDT 0.057 0.03 -0.01359 93,323,046 532,011
BingX (Futures) ETH-USD 0.071 0.01 0.01870 92,371,904 106,944,630
Bybit (Futures) ETHPERP -0.114 0.02 0.02722 90,979,882 6,360,889
Phemex (Futures) ETH-PERPUSDT -0.065 0.01 0.03659 87,425,198 235,596,690
Coincatch Derivatives ETHUSD_DMCBL -0.049 0.01 0.03840 83,675,556 594,822,691
Fairdesk Derivatives ETH-USDT-PERP 0.007 -1.19 0.00180 76,603,994 504,515,650
Prime XBT ETH/BTC 0.000 0.18 0.00000 76,562,300 584,493
XT.COM (Derivatives) ETH_USD -0.084 0.01 0.03040 75,800,110 765,030,780
Bitforex (Futures) SWAP-USD-ETH -0.015 0.01 0.01882 73,479,095 337,849,795
BTCEX (Futures) ETH-USDT-PERPETUAL 0.015 0.01 0.00390 68,823,022 1,730,889,989
AscendEX (BitMax) (Futures) ETH-PERP -0.080 0.00 0.02400 67,590,816 1,031,024,158
Bitfinex (Futures) ETHF0:USTF0 -0.115 0.02 0.01439 65,637,767 54,306,822
MCS ETHUSDT_QUANTO_PERP -0.446 0.07 0.01000 65,367,972 604,755
MEXC (Futures) ETH_USD -0.064 0.01 0.03630 59,223,770 13,225
Deepcoin (Derivatives) 4ETHUSDT 0.034 0.01 0.00140 58,852,555 2,416,788,631
Bitget Futures CMT_ETHUSDT 0.011 0.01 0.00022 55,647,764 238,318,674
dYdX Chain ETH-USD 0.139 0.00 0.00123 42,281,722 246,568,235
Bitmart Futures ETHUSDT 0.033 0.02 0.01040 41,561,998 2,429,610,539
Bitmart Futures 2 0.046 0.02 -0.04000 39,343,511 536,506,637
BingX (Futures) ETH-USDC 0.041 0.02 0.00980 36,354,182 42,736,728
KCEX (Futures) ETH_USDT 0.003 0.00 0.01000 35,282,260 5,624,768,092
RabbitX ETH-USD -0.116 0.08 0.00633 31,043,734 301,069,816
Stormgain Futures ETH-PERPUSDT 0.000 0.11 0.00400 30,288,258 8,571,860
CoinEx (Futures) ETH-USDT 0.000 0.01 0.00000 29,570,385 91,240,925
Ourbit (Futures) ETH_USDT -0.012 0.01 0.01000 26,622,377 2,697,289,912
Huobi Futures ETH-USDT 0.032 0.01 0.00765 26,600,775 226,048,060
BitMake Futures ETHUSDT 0.008 0.01 0.00000 26,082,367 299,102,254
Drift Protocol ETH-PERP 0.000 0.00 0.00293 23,729,747 3,617,800
BTCEX (Futures) ETH-31MAR23 0.439 0.02 -0.00930 21,698,099 30,968,384
BTCEX (Futures) ETH-30DEC22 0.375 0.01 -0.00930 21,698,099 28,686,834
BitZ (Futures) ETH_USDT_BZ 0.090 0.14 0.00000 21,528,099 1,004,554,589
dYdX Perpetual (Ethereum) ETH-USD -0.001 0.02 -0.00664 19,654,459 8,305,059
Perpetual protocol ETH_USDC 0.000 0.00 -0.02000 17,280,873 0
Bitget Futures ETHPERP_CMCBL 0.080 0.02 0.06000 15,757,963 27,458,089
Deribit ETH_USDC-PERPETUAL -0.021 0.01 0.00490 14,465,548 5,297,928
Globe (Derivatives) ETH-PERP 0.134 0.04 0.00000 14,154,428 115,024
HTX Futures ETH-USD 0.011 0.03 0.01000 12,989,630 11,204,278
GMX Derivatives (Arbitrum) ETH_USD 0.000 0.00 0.00000 12,334,052 11,222,213
OX.FUN ETH-USD-SWAP-LIN -0.093 0.05 0.00000 11,952,858 17,673,317
DexToro ETH-PERP -0.543 0.00 -2.81330 10,933,507 51
Kwenta Derivatives ETH-PERP 0.000 0.00 0.00000 10,918,644 1,260,257
Aevo ETH-PERP 0.000 0.03 -0.00610 10,213,188 24,725,796
Bitget Futures ETHUSD_DMCBL_240329 -1.305 0.02 0.00000 8,484,862 628,047
OKX (Futures) ETH-USDC-SWAP 0.054 0.01 -0.00850 8,047,460 35,349,071
ApeX Pro ETHUSDC -0.120 0.01 0.00125 7,860,712 24,134,239
WOO X (Futures) PERP_ETH_USDT 0.008 0.01 0.00220 7,571,086 162,715,580
GMX Derivatives (Avalanche) ETH_USD 0.000 0.00 0.00000 7,526,839 2,330,553
Phemex ETHUSD -0.173 0.11 0.07048 6,296,398 27,182,027
Kraken (Futures) PI_ETHUSD 0.087 0.14 0.00000 5,557,242 2,292,059
Bitget Futures ETHUSD_DMCBL_240628 -5.122 0.10 0.00000 5,329,048 800,662
Bitget Futures ETHUSD_DMCBL_231229 -0.506 0.02 0.00000 4,981,260 563,950
ApeX Pro ETHUSDT -0.081 0.02 0.00125 4,781,069 31,460,223
MUFEX ETHUSDT 0.059 0.01 0.01000 4,775,875 281,385,629
Huobi Futures ETH-USD 0.077 0.01 -0.02764 3,758,250 14,279,720
WOO Network (Futures) PERP_ETH_USDT -0.020 0.02 0.00228 3,132,868 130,835,517
Kine Protocol (Derivatives) ETH-PERP 0.000 0.00 0.03120 2,894,848 112,967,104
MEXC Global (Futures) ETH_USD 0.053 0.01 0.01000 2,734,990 2,577
BitZ (Futures) 2 0.002 0.11 0.00000 2,457,740 37,688,760
Orderly Network (Derivatives) ETH-PERP -0.049 0.01 0.04904 2,444,480 132,809,675
Gemini Derivatives ETHGUSDPERP -0.065 0.01 0.07464 2,151,867 1,420,852
Perpetual Protocol ETH_USD 0.000 0.00 0.00004 2,074,424 21,617,416
Helix (Futures) ETH/USDT PERP 0.055 0.02 0.00520 2,021,308 29,715,650
Bitget Futures ETHUSD 0.012 0.01 0.00828 1,739,689 3,036,942
HitBTC (Derivatives) ETHUSDT_PERP 0.061 0.01 -0.00039 1,143,024 3,760,831
BigONE Futures ETHUSDT -0.091 0.12 0.00000 1,110,836 86,380,149
BitZ (Futures) ETH_USDT -0.001 0.02 0.00000 953,638 4,506,852
BitZ (Futures) 202 0.056 0.14 0.00000 947,450 151,945,180
ZB (Derivatives) ETH_USDT 0.040 0.03 -0.01680 906,341 1,223,296,478
Bit.com ETH-PERPETUAL -0.066 0.01 0.00000 816,811 2,844,145
Poloniex Futures ETHUSDTPERP -0.006 0.10 0.01000 678,894 3,384,046
Bitget Futures ETHUSD_DMCBL_221230 -0.379 0.03 0.00000 652,261 555,795
Opnx Derivatives ETH-USDT-SWAP-LIN -0.151 0.00 0.00007 623,068 13,813,226
Phemex (Futures) ETH-PERP 0.036 0.01 0.01000 598,658 56,160,598
Mango Markets (Derivatives) ETH-PERP -0.137 0.09 0.00166 533,216 16,537
Bit.com (Futures) ETH-PERPETUAL 0.002 0.02 0.00000 505,443 6,767,821
Hopex ETHUSD -9.752 0.00 0.00000 502,740 14,200,156
Bitget Futures ETHUSD_DMCBL_230630 0.351 0.06 0.00000 443,491 641,775
Gate.io (Futures) ETH_USD -0.093 0.74 0.01000 380,556 2,055
Paradex ETH-USD-PERP 0.030 0.01 0.00897 347,873 11,716,356
BigONE Futures ETHUSD 7.390 0.09 0.01000 301,040 5,930,788
BaseFEX ETHUSDT 0.193 0.11 0.01000 293,344 2,867,590
CoinEx (Futures) ETH-USD -0.046 0.04 0.01902 252,656 102,700
Phemex (Futures) ETH-PERPUSD 0.033 0.01 -0.00515 249,839 56,711,790
Crypto.com Exchange (Futures) ETHUSD-220325 0.085 0.09 0.00000 200,695 187,350
ZB (Derivatives) ETH_QC -0.075 0.11 0.01000 163,121 16,494,457
Holdstation DeFutures ETH - USD 0.000 0.00 0.00070 160,916 232,520
Crypto.com Exchange (Futures) ETHUSD-220624 -0.045 0.06 0.00000 157,161 1,840,104
Powertrade (Derivatives) ETH-USD-PERPETUAL -0.107 0.04 -0.70000 115,683 627
BaseFEX ETHXBT -1.643 3.08 0.01000 80,183 789,729
Bitget Futures ETHUSD_DMCBL_230331 -1.108 0.03 0.00000 71,831 524,825
Bit.com (Futures) ETH-USDT-PERPETUAL -0.064 0.09 0.00000 70,871 76,503
Crypto.com Exchange (Futures) ETHUSD-220930 -1.053 0.04 0.00000 67,170 47,348
Crypto.com Exchange (Futures) ETHUSD-220225 0.009 0.19 0.00000 63,690 59,868
Binance (Futures) ETHBUSD -0.069 0.01 0.02129 62,302 82,787,302
MCDEX (Arbitrum) ETH-USDC -1.512 0.64 -0.01611 52,386 103
BitZ (Futures) ETH_USD -0.001 0.10 0.00000 52,056 304,510
MCDEX (BSC) ETH-BUSD 0.000 0.74 0.02124 48,636 370
Crypto.com Exchange (Futures) ETHUSD-211231 0.018 0.04 0.00000 42,287 15,009
Bitmart Futures ETHUSD 0.037 0.02 0.01000 36,821 709,168
Crypto.com Exchange (Futures) ETHUSD-220429 -0.029 0.10 0.00000 3,827 3,911
Crypto.com Exchange (Futures) ETHUSD-220128 0.118 0.20 0.00000 3,821 4,219
Crypto.com Exchange (Futures) ETHUSD-220729 -0.410 0.09 0.00000 2,159 1,398
Crypto.com Exchange (Futures) ETHUSD-220527 -0.147 0.07 0.00000 2,152 1,851
ACDX Futures ETH-PERP -4.708 0.06 0.00000 705 355,876
Bit.com (Futures) USD-M:ETH-USD-PERPETUAL -0.006 0.06 0.00000 373 200,428,368
Bitget Futures ETHUSD_DMCBL_230929 0.117 0.05 0.00000 330 464,888
AAX Futures ETHUSDFP -0.423 0.03 0.01051 212 203
MCDEX (BSC) USD-ETH 0.594 0.02 0.00039 89 1
Opnx Derivatives ETH-OUSD-SWAP-LIN -0.029 0.00 0.00001 17 30,279,978
BIT (Futures) USD-M:ETH-USD-PERPETUAL 0.213 0.06 0.01000 3 4,849,232
Stormgain Futures ETH-PERPBTC 0.000 0.31 0.00400 0 13,041
BTCC Futures ETHUSDT -0.007 0.07 0.00000 0 3,353,295,376
CoinTiger (Futures) ETHUSDT 0.063 0.01 0.00353 0 802,107,004
Biki (Futures) 4 -4.599 0.02 -0.03451 0 208,609,701
BTCEX (Futures) ETH-25MAR22 -0.282 0.02 0.01000 0 117,199,246
Bitget Futures CMT_ETHSUSDT 0.034 0.12 -0.00016 0 116,738,791
Deepcoin (Derivatives) ETHUSD 0.044 0.02 -0.01173 0 48,416,376
BTCMEX ETHUSDT 0.055 0.00 0.01000 0 43,663,073
Injective Exchange (Futures) ETH/USDT PERP -3.321 0.09 0.00000 0 31,952,646
Flipster ETH-USDT.PERP 0.016 0.02 0.01000 0 30,914,731
Toobit Derivatives ETH-SWAP-USDT 0.031 0.01 0.01000 0 19,840,402
Binance (Futures) ETHUSDT_210326 -5.274 0.25 0.00000 0 17,670,699
ZBG Futures ETH_USD-R 0.126 0.01 -0.03722 0 6,429,425
HBTC (Futures) ETH-SWAP 0.457 0.10 -0.03984 0 5,631,154
Delta Exchange ETHUSDT -0.228 0.01 0.08250 0 4,483,123
Crypto.com (Futures) ETHUSD-PERP 0.000 0.05 0.00000 0 3,644,318
ZBG Futures ETH_USD-R20190927 0.000 0.19 0.00000 0 2,922,578
MEXC Global (Futures) ETH_MUSDT -0.045 94.74 0.00000 0 2,115,493
MCDEX 00001 0.000 0.00 0.00000 0 1,822,608
Bitfinex (Futures) ETHF0:BTCF0 -0.002 0.01 0.00000 0 1,445,334
Delta Exchange ETHBTC -0.223 0.02 0.01000 0 1,295,656
Bibox (Futures) 4ETH_USDT 0.000 0.01 0.00000 0 1,288,672
AQX (Derivatives) ETH-USDT.PERP 0.010 0.02 0.01000 0 1,095,160
GMO Japan (Futures) ETH_JPY 0.000 0.08 0.00000 0 1,031,443
Bitfinex (Futures) TETHF0:BTCF0 0.559 0.11 -0.25000 0 779,083
HBTC (Futures) ETH-SWAP-USDT 0.069 1.73 0.05189 0 663,148
MCDEX ETH-USDC 0.000 0.24 0.15450 0 502,913
MCDEX RQBAP 0.112 0.18 0.03741 0 449,127
Crypto.com Exchange (Futures) ETHUSD-210924 0.035 0.08 0.00000 0 391,068
Bitmart Futures 32896 0.056 0.01 0.03000 0 210,332
Demex (Derivatives) ETH_PERP.USD-CMKT/117 0.017 0.08 0.00034 0 132,861
MCDEX ETH-PERP -6.764 0.29 -0.03509 0 110,000
CoinFLEX (Futures) ETH-USD-SWAP-LIN 0.000 64.88 0.00000 0 47,045
BHEX (Futures) ETH-SWAP-USDT -0.026 0.15 -0.00061 0 42,901
BHEX (Futures) ETH-SWAP -0.012 0.03 0.03051 0 38,643
Crypto.com Exchange (Futures) ETHUSD-211126 0.037 0.09 0.00000 0 37,403
Demex (Derivatives) CMKT/117 -0.149 0.39 0.00000 0 35,865
CoinEx (Futures) ETH-USDC 0.428 0.08 0.53343 0 30,292
Helix (Futures) ETH/USDT 19SEP22 -0.012 0.08 0.00000 0 29,716
Injective Pro (Futures) ETH/USDT PERP 1.358 0.01 0.00040 0 25,513
Alpha5 ETHUSDT -4.824 0.20 -0.00077 0 11,274
Binance JEX (Futures) ETHUSDT 1.791 0.21 0.01000 0 11,130
Bitfinex (Futures) ETHF0:EUTF0 0.213 0.05 0.25000 0 903
DueDEX ETHUSDT -0.979 0.00 0.01000 0 636
Futureswap ETH-USD 0.959 0.00 0.00000 0 231
MCDEX (BSC) ETH-USX 0.000 0.00 0.00000 0 170
EQONEX (Perpetual) 29 -1.306 34.88 -5.88169 0 16
MCDEX 10017 0.000 0.00 0.00000 0 8
Biki (Futures) 5 -0.187 0.11 0.00526 0 2
MCDEX 10015 0.000 0.00 0.00000 0 0
Stormgain Futures ETH-PERPUSDC NaN 0.19 0.00400 0 0
Stormgain Futures ETH-PERPDAI NaN 0.11 0.00400 0 0

Future Contracts on Indexes with Ethereum embeded

Another way of hedging positions for the mid-term is using future contracts on indexes with the asset price as a component of the the index.

Unfortunatelly, no future contract on index consisting of ETH exists.

Perpetual Swaps on Indexes with Ethereum component

Sometime the best option to hedge Ethereum is to short with perpetual contract idefinitely.
Earning swaps can be in some cases crucial for the positioning.

Exchange Symbol Premium (-)
Discount (+)		 Spread Funding Rate Open Intrest 24h Volume
Binance (Futures) ALTUSDT 0.082 0.05 0.00500 12,961,457 41,107,164
FTX (Derivatives) ALT-PERP -9.888 0.60 10.36560 5,825,356 8,460,075
MEXC (Futures) ALT_USDT -0.058 0.01 0.02730 2,568,124 5,809,957
MEXC Global (Futures) ALT_USDT -1.339 1.77 0.10000 45,019 441,973
Gate.io (Futures) ALT_USDT -0.060 18.68 0.01000 7 2,265
BTSE (Futures) BBAXPFC -0.277 0.41 0.00000 0 186,125
BTSE (Futures) BBCXPFC -1.309 0.59 0.00000 0 30,866

Other crypto related Indexes (Perpetual Swaps)

There are several specyfic cryptocurrencies market Indexes which can be considered as a hedge for the trading positions. As Bitcoin take the lion's share of the whole market capitalisation, BTC dominance is one of the most notable.
Even more than on other markets, Bitcoin volatility influences almost all the trading pairs traded with both BTC and altcoins at the same moment.

Exchange Symbol Premium (-)
Discount (+)		 Spread Funding Rate Open Intrest 24h Volume
BingX (Futures) BTCDOM-USDT -0.003 0.01 -0.01020 542,271 1,355,399
Bitfinex (Futures) BTCDOMF0:USTF0 0.095 0.15 -0.05461 502,413 259,229
Bitfinex (Futures) TBTCDOMF0:USTF0 0.060 0.17 -0.11774 163,844 109,181
Binance (Futures) BTCDOMUSDT 0.072 0.01 -0.02318 3,779 1,738,556
BTSE (Futures) BDIPFC -0.143 0.30 0.00000 2,482 41,193
BTSE (Futures) BTCDOMPFC 0.600 3.35 0.00000 0 5,990,922

Negative correlation with Ethereum

Check correlations with Ethereum or use a custom form to check ETH changes in correlation coefficient with other token.

Stable coins or non-crypto assets can also be considered for hedging positions.