ENA Funding Rate (Ethena)
Compare Ethena perpetual funding rates across exchanges in real time · OI-weighted composite rate · updated every minute
Ethena current price: $0.08721
ENA Funding Rate by Exchange
Next settlement --:--:--| # | Exchange | Funding Rate | APR | Settlement Interval | Next Settlement | Open Interest |
|---|---|---|---|---|---|---|
| 1 | Binance | +0.0050% | +10.95% | 4h | 04:00 UTC | $48.5M |
| 2 | Bybit | +0.0050% | +10.95% | 4h | 04:00 UTC | $46.0M |
| 3 | Hyperliquid | +0.0013% | +10.95% | 1h | — | $26.1M |
| 4 | Bitget | -0.0004% | -0.88% | 4h | — | $17.7M |
| 5 | KuCoin | +0.0050% | +10.95% | 4h | 04:00 UTC | $13.5M |
| 6 | WhiteBIThighest | -0.0138% | -30.20% | 4h | 04:00 UTC | $9.9M |
| 7 | MEXC | +0.0050% | — | — | — | $8.8M |
| 8 | OKX | +0.0050% | +10.95% | 4h | 04:00 UTC | $4.4M |
| 9 | Lighter | +0.0096% | +84.10% | 1h | — | $2.1M |
| 10 | Gate | -0.0024% | -5.26% | 4h | 04:00 UTC | $2.1M |
| 11 | Kraken | -0.0011% | — | — | — | $0.8M |
| 12 | Coinbase | -0.0010% | -8.76% | 1h | — | $0.4M |
| 13 | Backpack | +0.0126% | +110.59% | 1h | 01:00 UTC | $0.4M |
| 14 | edgeX | +0.0050% | +10.95% | 4h | 04:00 UTC | $0.2M |
| 15 | CoinEx | +0.0121% | +13.22% | 8h | 16:00 UTC | $0.2M |
| 16 | Aster | +0.0050% | +10.95% | 4h | 04:00 UTC | $0.1M |
| 17 | dYdX | +0.0000% | +0.00% | 1h | — | $0.1M |
| 18 | Crypto.com | -0.0017% | — | — | — | $0.0M |
| 19 | Paradex | +0.0100% | +10.95% | 8h | — | $0.0M |
| 20 | Bitfinex | +0.0000% | — | — | 08:00 UTC | $0.0M |
| 21 | HTX | +0.0050% | +10.95% | 4h | 04:00 UTC | — |
| 22 | BingX | +0.0050% | — | — | 04:00 UTC | — |
| 23 | Bitunix | +0.0050% | +10.95% | 4h | 04:00 UTC | — |
| 24 | LBank | +0.0050% | — | — | 04:00 UTC | — |
APR = period rate × (24 / settlement interval) × 365. Shown as — when the exchange's settlement interval is unknown.
Simple Average
+0.0033%
OI-Weighted Rate
+0.0029%
Volume-Weighted Rate
+0.0036%
ENA Funding Rate History
ENA Cumulative Funding Cost
Cumulative settled funding rate by exchange over each window — positive means longs paid shorts (cost of holding a long), negative means shorts paid longs.
| Exchange | 1D | 7D | 30D | 90D |
|---|---|---|---|---|
| Bitget | +0.0246% | +0.1793% | +0.4180% | +0.4180% |
| OKX | +0.0300% | +0.0054% | +0.2478% | +0.2478% |
| Bybit | +0.0300% | +0.0780% | +0.0549% | +0.4400% |
| Gate | +0.0172% | +0.0370% | +0.0350% | -0.0528% |
| Binance | +0.0050% | +0.0708% | +0.0053% | +0.4919% |
About Ethena Funding Rate
What is the ENA funding rate?
The ENA funding rate is a periodic payment between long and short traders on Ethena perpetual futures, designed to keep the contract price anchored to the spot index. When the rate is positive, longs pay shorts; when negative, shorts pay longs. It is the main ongoing cost (or income) of holding a leveraged ENA perpetual position.
What does a positive or negative ENA funding rate mean?
A persistently positive ENA funding rate signals crowded long positioning and bullish sentiment — longs keep paying to stay in the trade. A negative rate signals short-side dominance and bearish sentiment. Extreme funding rates in either direction often indicate an overcrowded trade and raise the risk of a sharp reversal or short squeeze/long squeeze.
What is the current ENA funding rate?
As of now, the ENA funding rate averages 0.0033% across 24 exchanges CoinBoss tracks, and the rate is positive. This figure updates in real time — check the table above for the latest per-exchange breakdown and the OI-weighted composite rate.
Which exchange has the highest ENA funding rate?
Right now whitebit shows the highest (or most extreme) ENA funding rate among tracked exchanges, at -0.0138%. Funding rates can vary meaningfully across exchanges due to differences in order-book premium, index price and leverage demand — creating potential funding rate arbitrage opportunities.
Most exchanges settle funding every 8 hours (00:00 / 08:00 / 16:00 UTC). Actual settlement intervals may vary by exchange and contract.
More Coin Funding Rates
View full funding rate matrix ›BTCETHSOLXRPBNBDOGEHYPEZECOKBSKLADALINKAVAXXLMBCHUNIAAVESUINEARARBWLDBLURYFIHOTKAITOTRXXMRCCGRAMLTCHBARXAUTTAOWLFIPAXGASTERDEXEONDODOTSKYMORPHOICPETCPIJSTBEATPOLATOMRENDERKAS
View full funding rate matrix › (+238)
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