Funding rates · ENA-USDT
ENA-USDT
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Browse all contracts →ENA-USDT funding rate today on 5 exchanges
Live Ethena (ENA-USDT) perpetual funding rates on Binance, OKX, Bybit, Bitget and Gate, converted into what holding the position costs in dollars.
Updated 2026-10-20 23:09 UTC
ENA-USDT
Cost of holding this position
+$27.83
$10.0k · 30 days · 1x Long
Last 24 settlements
5 exchangesThe estimate assumes today's funding rate stays the same for the whole holding period. In practice the rate changes at every settlement.
ENA-USDT · Long
ENA funding rate by exchange
| # | Exchange | 24h volume | Funding rate | Annualised | Bid-ask spread | Cost for a long |
|---|---|---|---|---|---|---|
| 1 | $55.8M | +0.0031%/8h | 3.39% | 0.00509% | +$27.83 | |
| 2 | $31.8M | +0.0019%/4h | 4.16% | 0.00509% | +$34.20 | |
| 3 | $114.3M | +0.0033%/4h | 7.30% | 0.00509% | +$60.03 | |
| 4 | $235.0M | +0.0041%/4h | 9.01% | 0.00509% | +$74.07 | |
| 5 | $9.6M | +0.0050%/4h | 10.95% | 0.00509% | +$90.00 |
Enter your monthly volume, order mix and holding time to compare trading fees, funding and spread on each exchange, cheapest first.
ENA-USDT
Where holding ENA was cheapest over 90 days
Over the last 90 days a $10,000 long paid $121.15 in funding on Gate, the cheapest of 5 exchanges, and paid $196.11 on Bitget, the most expensive: a difference of $74.96.
The ranking runs the other way for shorts: a $10,000 short received $196.11 on Bitget, the best exchange for a short.
Gate was also the cheapest for longs over the last 7 and 30 days, so the ranking has held.
Running total of funding paid by a $10,000 long, day by day, on one scale for every exchange. Above the line the long paid; below it, it received.
ENA-USDT
ENA funding rate history: last 90 days
What a $10,000 long position would have paid (+) or received (−) in funding on each exchange, at the funding rates each exchange published for every settlement. For a short, the signs are reversed.
| Exchange | Settlements | Last 7 days | Last 30 days | Last 90 days | Average, annualised | Positive settlements | Lowest / highest |
|---|---|---|---|---|---|---|---|
| 180 /4h | +$3.12 | +$49.61 | +$121.15 | 6.04% | 79% | -0.0211% / +0.0050% | |
| 180 /4h | +$4.69 | +$50.51 | +$121.91 | 6.14% | 82% | -0.0175% / +0.0050% | |
| 180 /4h | +$10.96 | +$51.71 | +$196.11 | 6.29% | 86% | -0.0276% / +0.0050% | |
| 145 /8h | +$13.37 | +$60.90 | +$156.57 | 7.41% | 90% | -0.0225% / +0.0100% | |
| 180 /4h | +$12.05 | +$70.96 | +$155.54 | 8.63% | 91% | -0.0096% / +0.0050% |
ENA-USDT
ENA funding rate history by day
Each cell adds up every settlement on that exchange during one UTC day. Multiply by your position size for the day's payment: +0.0300% on $10,000 is $3.
| Date (UTC) | Gate | Bybit | Bitget | OKX | Binance |
|---|---|---|---|---|---|
| 2026-10-19 | +0.0025% | +0.0129% | +0.0076% | +0.0229% | +0.0202% |
| 2026-10-18 | -0.0028% | -0.0184% | +0.0061% | +0.0300% | +0.0150% |
| 2026-10-17 | +0.0118% | +0.0296% | +0.0266% | +0.0075% | +0.0181% |
| 2026-10-16 | +0.0088% | +0.0300% | +0.0239% | +0.0210% | +0.0284% |
| 2026-10-15 | -0.0011% | -0.0062% | +0.0102% | +0.0190% | -0.0110% |
| 2026-10-14 | -0.0023% | +0.0091% | +0.0227% | +0.0099% | +0.0219% |
| 2026-10-13 | -0.0422% | -0.0049% | +0.0227% | -0.0231% | +0.0142% |
| 2026-10-12 | +0.0300% | +0.0194% | +0.0283% | +0.0201% | +0.0258% |
| 2026-10-11 | +0.0295% | +0.0300% | +0.0300% | +0.0274% | +0.0297% |
| 2026-10-10 | +0.0182% | +0.0300% | +0.0300% | +0.0091% | +0.0265% |
| 2026-10-09 | +0.0126% | -0.0179% | +0.0300% | -0.0216% | +0.0048% |
| 2026-10-08 | +0.0037% | +0.0042% | +0.0300% | -0.0059% | +0.0181% |
| 2026-10-07 | +0.0157% | +0.0300% | +0.0300% | +0.0250% | +0.0252% |
| 2026-10-06 | +0.0299% | +0.0081% | +0.0300% | +0.0082% | +0.0300% |
ENA-USDT
ENA funding rate: common questions
Do longs or shorts pay ENA funding right now?
Longs pay shorts on all 5 exchanges. The next ENA funding rate is positive everywhere, from +0.0019% on Bitget to +0.0050% on Gate.
On Binance the rate has been positive for 11 settlements in a row, so this is a lasting cost for longs rather than a one-off spike.
Is the ENA funding rate high right now?
Not unusually. At the last settlement on Binance the rate was +0.0048%, close to its typical size of 0.0050% per settlement over the past 30 days.
Is the ENA perpetual trading above or below spot?
Below. On the 5 exchanges that publish an index price, the ENA perpetual's mark price is 0.0102% to 0.1066% below the spot index. Exchanges combine this discount with a small interest component to set the next funding rate, so a lasting discount pulls funding down, although many contracts stay at the default +0.0100% until the discount is large.
Which exchange was cheapest for holding ENA over the last 90 days?
Over the last 90 days a $10,000 long paid $121.15 in funding on Gate, the cheapest of 5 exchanges, and paid $196.11 on Bitget, the most expensive: a difference of $74.96.
The ranking runs the other way for shorts: a $10,000 short received $196.11 on Bitget, the best exchange for a short.
Gate was also the cheapest for longs over the last 7 and 30 days, so the ranking has held.
Which exchange has the most ENA perpetual trading volume?
Binance has the most: 52.6% of the $446.4M in ENA perpetual futures traded across these exchanges in the last 24 hours, followed by Bybit with 25.6%.
Open interest adds up to $310.3M on the exchanges that report it, the largest share on Binance (33.4%).
When is the next ENA funding payment?
Binance, Bybit, Bitget and Gate: every 4 hours, next at 2026-10-21 00:00 UTC.
OKX: every 8 hours, next at 2026-10-21 00:00 UTC.
Only positions that are open at the settlement time pay or receive funding.
What was the highest ENA funding rate in the last 30 days?
The highest settled rate was +0.0100% on OKX (2026-10-20 16:00 UTC); the lowest was -0.0276% on Bitget (2026-09-25 20:00 UTC).
On Binance the rate switched between positive and negative 16 times over the 30 days.
How much has ENA funding cost over the past 30 days?
At the funding rates each exchange published, holding a $10,000 long for the past 30 days would have cost $49.61 on Gate, the least, and $70.96 on Binance, the most.
Over the past 90 days it would have cost $121.15 on Gate, the least, and $196.11 on Bitget, the most.
Funding rates are reset at every settlement, so these answers describe today's market, not a forecast.