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Ethena (ENA) perpetual futures

ENA perpetual contracts on 7 reviewed venues.

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Price$0.2325from Binance
Total open interest$530.3msummed over 21 venues
Funding spread (annualized)46.87%dYdX vs Deribit
Exchanges21venues with a funding rate

Funding rates

Annualized rates across exchanges

HTXCEX
+93.95%
dYdXDEX
+40.70%
KrakenCEX
+40.44%
BloFinCEX
+37.23%
GMXDEX
+19.92%
BinanceCEX
+10.95%
BybitCEX
+10.95%
OKXCEX
+10.95%

Open interest

Per-exchange open interest

HyperliquidHyperliquid
$137.8m
BinanceBinance
$130.6m
BybitBybit
$98.5m
Gate.ioGate.io
$55.0m
BitgetBitget
$41.0m
KuCoinKuCoin
$29.9m
OKXOKX
$20.6m
BloFin
$5.8m

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.

VenueMakerTakerMax leverageRatingTrade
0.015%0.045%40x9.2ENA
0.010%0.050%50x9.0ENA
0.035% position fee1000x8.0ENA
0.010%0.020%100x7.8ENA
Free0.030%50x7.8ENA
-0.010%0.017%1000x7.8ENA
0.050%0.080%20x7.5ENA

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