ENA funding rates and arbitrage

ENA perpetuals trade on 24 contracts across 19 venues, forming 271 cross-venue arbitrage pairs. By net APR the current best pair is long Kraken against short Coinbase, netting +732.82%, with both legs settling on the same cadence。

ENA perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
Binance	ENAUSDT	USDT	4h	0.0010%	+2.29%	+3.89%	$182.4M	0.18635
Bybit	ENAUSDT	USDT	4h	0.0050%	+10.95%	-11.53%	$78.4M	0.18643
OKX	ENA-USDT-SWAP	USDT	8h	0.0100%	+10.95%	+9.52%	$44.4M	0.18639
WhiteBIT	ENA_PERP	USDT	4h	0.0018%	+3.84%	+2.35%	$39.8M	0.18624
MEXC	ENA_USDT	USDT	4h	0.0011%	+2.41%	+3.88%	$27.0M	0.18636
Hyperliquid	ENA	USDC	1h	-0.0022%	-18.95%	+2.03%	$25.6M	0.18640
Bitget	ENAUSDT	USDT	4h	0.0050%	+10.95%	+2.58%	$18.2M	0.18630
BingX	ENA-USDT	USDT	4h	0.0050%	+10.95%	+9.53%	$14.3M	0.18641
Binance	ENAUSDC	USDC	4h	0.0050%	+10.95%	+9.96%	$13.8M	0.18616
KuCoin	ENAUSDTM	USDT	4h	0.0050%	+10.95%	+6.19%	$12.5M	0.18635
LBank	ENAUSDT	USDT	4h	0.0042%	+9.20%	+4.53%	$9.3M	0.18635
Gate	ENA_USDT	USDT	4h	0.0050%	+10.95%	-2.06%	$6.5M	0.18638
BingX	ENA-USDC	USDC	4h	0.0050%	+10.95%	+9.54%	$6.5M	0.18638
Lighter	ENA	USDC	1h	0.0000%	0.00%	-10.83%	$2.9M	0.18638
Kraken	PF_ENAUSD	USD	1h	-0.0036%	-31.15%	-19.43%	$1.8M	0.18632
Deribit	ENA_USDC-PERPETUAL	USDC	8h	-0.0018%	-2.00%	+0.13%	$1.3M	0.18628
MEXC	ENA_USDC	USDC	4h	0.0050%	+10.95%	+9.97%	$456K	0.18620
Bitget	ENAPERP	USDC	4h	0.0050%	+10.95%	+9.16%	$352K	0.18625
HTX	ENA-USDT	USDT	4h	0.0050%	+10.95%	+10.95%	$310K	0.18696
Aster	ENAUSDT	USDT	4h	0.0050%	+10.95%	+2.54%	$296K	0.18653
Bybit	ENAPERP	USDC	8h	0.0083%	+9.12%	+3.67%	$279K	0.18618
Crypto.com	ENAUSD-PERP	USD	4h	-0.0064%	-13.98%	-16.36%	$14K	0.18634
Bitfinex	tENAF0:USTF0	USDT	8h	0.0000%	0.00%	0.00%	$5K	0.18650
Coinbase	ENA-PERP	USDC	1h	0.0801%	+701.68%	+701.68%	$0	0.26196

ENA cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
Kraken USD	Coinbase USDC	+732.82%	2.0077%	+721.10%	1h matched	$0
Hyperliquid USDC	Coinbase USDC	+720.62%	1.9743%	+699.64%	1h matched	$0
Crypto.com USD	Coinbase USDC	+715.66%	1.9607%	+718.04%	4h / 1h	$0
Deribit USDC	Coinbase USDC	+703.67%	1.9279%	+701.54%	8h / 1h	$0
Bitfinex USDT	Coinbase USDC	+701.68%	1.9224%	+701.68%	8h / 1h	$0
Lighter USDC	Coinbase USDC	+701.68%	1.9224%	+712.50%	1h matched	$0
Binance USDT	Coinbase USDC	+699.39%	1.9161%	+697.79%	4h / 1h	$0
MEXC USDT	Coinbase USDC	+699.27%	1.9158%	+697.80%	4h / 1h	$0
WhiteBIT USDT	Coinbase USDC	+697.83%	1.9119%	+699.33%	4h / 1h	$0
Bybit USDC	Coinbase USDC	+692.56%	1.8974%	+698.00%	8h / 1h	$0
LBank USDT	Coinbase USDC	+692.48%	1.8972%	+697.15%	4h / 1h	$0
Aster USDT	Coinbase USDC	+690.73%	1.8924%	+699.13%	4h / 1h	$0

Ethena project profile

Website Whitepaper X (Twitter)Telegram

Key facts

Total: 15.00B
Max supply: 15.00B
Type: Token
Market cap rank: #41

Decentralized Finance (DeFi)Binance LaunchpoolSolana EcosystemAvalanche EcosystemArbitrum EcosystemEthereum EcosystemMetis EcosystemOptimism Ecosystem

Contract addresses

ethereum0x57e114b691db790c35207b2e685d4a43181e6061

mantle0x58538e6a46e07434d7e7375bc268d3cb839c0133

fraxtal0x58538e6a46e07434d7e7375bc268d3cb839c0133

metis0x58538e6a46e07434d7e7375bc268d3cb839c0133

zircuit0x813635891aa06bd55036bbd8f7d1a34ab3de9a0f

kava0x58538e6a46e07434d7e7375bc268d3cb839c0133

13 more chains

swellchain0x58538e6a46e07434d7e7375bc268d3cb839c0133

morph0x58538e6a46e07434d7e7375bc268d3cb839c0133

mode0x58538e6a46e07434d7e7375bc268d3cb839c0133

theEQAPh9RCprgg5kKumtJi8uB7nFKctPBwuRUu82JgTGmzklNV

base0x58538e6a46e07434d7e7375bc268d3cb839c0133

arbitrum0x58538e6a46e07434d7e7375bc268d3cb839c0133

blast0x58538e6a46e07434d7e7375bc268d3cb839c0133

optimistic0x58538e6a46e07434d7e7375bc268d3cb839c0133

avalanche0x58538e6a46e07434d7e7375bc268d3cb839c0133

solana72QvBVwpxqmheEPfaCwWSWqEFsUy3rhWt6JhQBMNTwD1

manta0x58538e6a46e07434d7e7375bc268d3cb839c0133

scroll0x58538e6a46e07434d7e7375bc268d3cb839c0133

zksync0x686b311f82b407f0be842652a98e5619f64cc25f

Block explorers

etherscan.io ethplorer.io basescan.org arbiscan.io andromeda-explorer.metis.io explorer.metis.io

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

HBAR+332.8%LINK+47.6%LTC+80.3%PEPE+47.0%UNI+259.5%ADA+59.7%AVAX+57.4%BCH+575.9%BNB+297.8%BONK+58.2%CRV+926.8%DOT+477.4%

Snapshot taken 2026-10-18 22:39 UTC; the page regenerates every minute. For live data, history charts and filters, open the live dashboard, or browse All coins.