Ethena (ENA) perpetual futures
ENA perpetual contracts on 7 reviewed venues.
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Funding rates
Annualized rates across exchanges
Open interest
Per-exchange open interest
What the ENA data shows
12 of 21 venues quote the same ENA funding rate, +10.95% a year. The exceptions are HTX at +93.95%, dYdX at +40.70%, Kraken at +40.44%, and 6 more.
HTX quoted ENA at $0.2338 and dYdX at $0.2324, a gap of 61.4 bps.
CoinGecko ranked ENA number 47 by market value on October 3, 2026, at $2.35b. Its price fell 16.7% in the 7 days before that date. The open interest in this read equals 22.6% of that value.
No venue holds half of the $530.3m in reported ENA open interest. Hyperliquid has the largest share, 26.0%, and Binance is next with 24.6%.
The ENA settlement periods differ: 13 venues settle every 4 hours; 4 venues settle every hour.
- Source: public APIs of 21 venues for ENA, read at October 3, 2026, 09:49 UTC.
- Market value: CoinGecko snapshot of October 3, 2026.
Where to Trade Ethena (ENA) Perpetual Futures
Fees and leverage limits apply venue-wide; confirm ENA limits with the venue.
Ethena (ENA) market overview
Ethena is a synthetic dollar protocol that creates USDe through delta-neutral hedging strategies using staked ETH collateral and short perpetual futures positions. ENA perpetual futures are available on major centralized exchanges. Trading ENA perps is uniquely meta — Ethena's core product literally relies on the perpetual futures market to maintain its dollar peg.
Ethena is itself one of the largest single participants in perp funding markets: the protocol delta-hedges its USDe stable-asset by holding short perp positions across major venues. ENA exposure is therefore intertwined with the funding-rate regime this page displays because compressed positive funding supplies protocol revenue.
Frequently Asked Questions — Ethena (ENA)
What funding data is available for ENA?
21 venues report an ENA funding rate in this read.
An annualized ENA rate extrapolates one reading and does not predict a return.
What open interest data is available for ENA?
17 venues report positive ENA open interest in this read.
The ENA total leaves out venues outside the read.
Which mapped venue has the lowest recorded ENA taker fee?
DESK lists 0.017% and SynFutures lists 0.020%, the two lowest of 6 mapped ENA maker/taker schedules.
1 ENA venue charges a position fee and is not compared.
Category: DeFi