ENA Funding Rate — live across 22 venues
Perpetual funding · compared across 22 venues · net of estimated fees · updated every few minutesLive annualized ENA perpetual funding across all 22 venues Perpia tracks. Right now ENA funding is positive on 15 and negative on 6, ranging from +11.4% on Extended to -27.5% on Bybit — a spread of 38.9%. The widest delta-neutral trade is long Bybit / short Extended at 36.8% net APR.
ENA funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
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Build a route
any two of the 22 venuesThis is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.
Venues: pick the two legs
sorted by rate · 22 venues| Venue | Funding APR ↓ | Interval | Use as |
|---|---|---|---|
| Extended↗short | +11.4% | every 1h | |
| MEXC↗ | +10.9% | every 4h | |
| Binance↗ | +10.9% | every 4h | |
| BingX↗ | +10.9% | every 4h | |
| Aster↗ | +10.9% | every 4h | |
| BackPack↗ | +10.9% | every 1h | |
| KuCoin↗ | +10.9% | every 4h | |
| Vest↗ | +10.9% | every 1h | |
| Hyperliquid↗ | +10.9% | every 1h | |
| Pacifica↗ | +10.9% | every 1h | |
| Ondo Perps | +10.9% | every 1h | |
| HTX↗ | +10.9% | every 4h | |
| Lighter↗ | +10.5% | every 8h | |
| OKX↗ | +9.2% | every 8h | |
| Gate.io↗ | +8.3% | every 4h | |
| dYdX↗ | +0.0% | every 1h | |
| below — these venues pay the longs: this is the leg you buy | |||
| Risex↗ | −0.3% | every 1h | |
| Arcus↗ | −3.5% | every 1h | |
| Nado↗ | −3.5% | every 24h | |
| Bitget↗ | −8.5% | every 4h | |
| Variational↗ | −19.4% | every 4h | |
| Bybit↗long | −27.5% | every 4h | |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Bybit vs Extended page. 105 pairs scanned for ENA.
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ENA — FAQ
Is ENA funding positive right now?
ENA perpetual funding is positive on 15 of 22 venues Perpia tracks and negative on 6. The highest is +11.4% on Extended; the lowest is -27.5% on Bybit.
What is the best ENA funding arbitrage right now?
Go long Bybit and short Extended for about 36.8% net APR after fees — the widest delta-neutral ENA spread Perpia currently sees.
Which exchange has the highest ENA funding rate?
Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.
How ENA funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to ENA
also quoted on both Bybit and ExtendedThe same two exchanges you would already have funded for the ENA trade. Every spread between them is on the Bybit vs Extended page.