Quantitative Engineer

Decentralised perpetuals DEX. Sub-20ms latency, 1M+ orders per second, $100M+ daily volume. Built on Ethena Network. Season Zero launched with $900M+ in deposits. Team of ~12 engineers, mostly Australia-based.

We're hiring an end-to-end quant to own strategy design through to production. You'll build and run internal market making on perps.

What you'll do

Strategy

• Design market making strategies for perps: quoting logic, spread calibration, inventory and risk controls
• Build fair value models incorporating microstructure signals, volatility regimes, and adverse selection
• Factor in funding rates, liquidation mechanics, and fee schedules
• Define stress-handling behaviour and safety rails

Research and backtesting

• Build and extend the backtesting framework simulating the live execution loop
• Defensible fill modelling and sensitivity validation
• Performance reporting: P&L, Sharpe, max drawdown, fill rate, inventory exposure, tail risk

Production systems

• Implement event-driven trading components: market data ingestion, signal generation, quoting, order state management
• State management across open orders, positions, and P&L
• Monitoring, alerting, logging, and debugging
• Handle latency between reference venues and the protocol (50-100ms windows)
• Cross-venue rebalancing and hedging policies
• Quantify operational risk

Stack

Python (pandas, numpy) for research and backtesting. Rust for performance-sensitive components.

Required

• Proven trading strategy design, market making preferred
• Solid quant fundamentals: probability, statistics, optimisation, time series
• Engineering fundamentals end-to-end - you ship what you research
• Strong grasp of order books, microstructure, and exchange mechanics
• Can clearly communicate assumptions and failure modes

Strongly preferred

• DeFi trading systems experience
• Perpetuals familiarity: funding rates, margin, liquidation mechanics
• High-throughput, low-latency systems background
• Prior role at a trading firm, exchange, or protocol

Compensation and location

• Salary paid in USDC on-chain. Token and equity upside TBC.
• Fully remote. Must be within AEST +/- 3 hours. Non-negotiable.
• Offsites, conferences, remote-first.