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Ethena (ENA) Funding Rate History

Ethena (ENA) perpetual futures funding ranges from -2.70 bps on PHOENIX to 35.20 bps on HUOBI across 28 reporting venues, a spread of 37.90 bps. The most extreme rate (385.44% APY annualized) is on HUOBI. Currently funding signs are mixed: 18 positive, 10 negative.

A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on ENA price.

ENA Per-Exchange Funding Rates

ExchangeCurrent Funding (bps)Funding APY7-Day Avg Funding (bps)24h Volume
HUOBI35.20 bps385.44% APY4.60 bps$4.50M
PHOENIX-2.70 bps-29.57% APY-1.50 bps$0
KUCOIN-2.10 bps-23.00% APY-0.70 bps$7.67M
CRYPTOCOM-1.90 bps-20.80% APY-1.00 bps$88.14K
ZO-1.90 bps-20.80% APY-1.30 bps$31.35K
PARADEX-1.90 bps-20.80% APY-2.00 bps$0
BINGX1.10 bps12.04% APY0.80 bps$15.83M
GATEIO-1.10 bps-12.04% APY-0.20 bps$6.64M
REYA1.10 bps12.04% APY1.40 bps$495.79
BINANCE1.00 bps10.95% APY0.10 bps$105.10M
BITGET1.00 bps10.95% APY-0.20 bps$11.21M
GRVT1.00 bps10.95% APY1.00 bps$6.88M
EDGEX1.00 bps10.95% APY1.00 bps$6.74M
HYPERLIQUID1.00 bps10.95% APY0.40 bps$5.03M
EXTENDED1.00 bps10.95% APY1.10 bps$4.16M
PHEMEX1.00 bps10.95% APY0.80 bps$3.99M
LIGHTER1.00 bps10.95% APY1.00 bps$621.25K
NADO1.00 bps10.95% APY0.10 bps$543.66K
ASTER1.00 bps10.95% APY1.00 bps$95.72K
HYENA1.00 bps10.95% APY-1.50 bps$20.73K
VEST1.00 bps10.95% APY1.00 bps$0
ETHEREAL0.90 bps9.86% APY1.40 bps$38.31K
MEXC-0.80 bps-8.76% APY0.10 bps$24.46M
PACIFICA-0.70 bps-7.66% APY-0.10 bps$144.87K
WOOFIPRO0.70 bps7.66% APY0.20 bps$2.81K
OKX-0.60 bps-6.57% APY0.40 bps$17.36M
BYBIT0.50 bps5.47% APY-0.10 bps$47.39M
VARIATIONAL-0.50 bps-5.47% APY-0.40 bps$280.11K

Last updated 2026-06-01T03:02:10.589520Z (UTC).

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