Ethena Funding Rate (ENA)
Compare Ethena perpetual funding rates across exchanges in real time · OI-weighted composite rate · updated every minute
Ethena current price: $0.1653
ENA Funding Rate by Exchange
Next settlement --:--:--| # | Exchange | Funding Rate | APR | Settlement Interval | Next Settlement | Open Interest |
|---|---|---|---|---|---|---|
| 1 | Binance | -0.0007% | -1.47% | 4h | 08:00 UTC | $93.1M |
| 2 | Hyperliquid | +0.0013% | +10.95% | 1h | — | $63.3M |
| 3 | Bybit | -0.0059% | -13.01% | 4h | 08:00 UTC | $63.1M |
| 4 | Bitget | +0.0050% | +10.95% | 4h | — | $38.2M |
| 5 | MEXC | -0.0006% | — | — | — | $33.9M |
| 6 | KuCoin | +0.0034% | +7.45% | 4h | 08:00 UTC | $26.1M |
| 7 | WhiteBIT | +0.0050% | +10.95% | 4h | 08:00 UTC | $19.9M |
| 8 | OKX | +0.0050% | +10.95% | 4h | 08:00 UTC | $14.2M |
| 9 | Gate | +0.0050% | +10.95% | 4h | 08:00 UTC | $8.2M |
| 10 | Lighter | +0.0096% | +84.10% | 1h | — | $2.5M |
| 11 | Kraken | +0.0024% | — | — | — | $1.8M |
| 12 | Coinbase | +0.0038% | +33.29% | 1h | — | $0.7M |
| 13 | Aster | +0.0050% | +10.95% | 4h | 08:00 UTC | $0.6M |
| 14 | Backpack | -0.0043% | -37.41% | 1h | 08:00 UTC | $0.3M |
| 15 | CoinEx | +0.0060% | +6.52% | 8h | 16:00 UTC | $0.3M |
| 16 | dYdX | +0.0000% | +0.00% | 1h | — | $0.1M |
| 17 | Crypto.com | +0.0009% | — | — | — | $0.0M |
| 18 | Paradexhighest | +0.0100% | +10.95% | 8h | — | $0.0M |
| 19 | Bitfinex | +0.0000% | — | — | 08:00 UTC | $0.0M |
| 20 | HTX | +0.0050% | +10.95% | 4h | 08:00 UTC | — |
| 21 | BingX | +0.0050% | — | — | 08:00 UTC | — |
| 22 | Bitunix | +0.0009% | +2.06% | 4h | 08:00 UTC | — |
| 23 | LBank | -0.0007% | — | — | 08:00 UTC | — |
APR = period rate × (24 / settlement interval) × 365. Shown as — when the exchange's settlement interval is unknown.
Simple Average
+0.0027%
OI-Weighted Rate
+0.0004%
Volume-Weighted Rate
-0.0000%
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 | +0.0300% | +0.2054% | +0.6932% | +1.3455% |
| OKX | +0.0286% | +0.1248% | +0.5614% | +1.0049% |
| Binance | -0.0039% | +0.0684% | +0.4458% | +0.7376% |
| Gate | +0.0211% | +0.0948% | +0.4133% | +0.4704% |
| HTX | +0.0150% | +0.1700% | +0.4050% | +0.4050% |
| Bybit | +0.0213% | +0.0503% | +0.3841% | +0.6066% |
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 0.0027% across 23 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 paradex shows the highest (or most extreme) ENA funding rate among tracked exchanges, at 0.0100%. 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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