Ethena (ENA) arbitrage
ENA on 33 exchanges spot and 30 in futures: live routes, past spreads and how long they last.
Prices at · open routes a minute older; real time in the scanners on paid plans · How we count
- Price
- $0.193492
- 24h volume
- $868.2M
- Exchanges
- 40
- 33 spot · 30 futures
- Routes now
- 4
- 0 take · 4 risky
- Gaps in 7 days
- 19,332
- 6,094 over a minute
Ethena (ENA) right now
ENA is cheapest on Kraken ($0.193392) and dearest on HTX ($0.1938): 0.21% apart across 25 exchanges with a liquid spot market, before fees.
4 routes in profit after fees are worth a look ("take" or "risky"); the best: MEXC → Hyperliquid, 0.07%.
Over 7 days a spread in profit opened 19,332 times, and 6,094 of them lasted a minute or longer; one usually closed within 15 s.
Funding per 8 hours runs from −0.0199% on Kraken to 0.0340% on BloFin, across 25 exchanges (outliers, markets under $50k a day and exchanges publishing no volume left out).
Ethena (ENA) arbitrage opportunities now
Ethena (ENA) arbitrage strategy
No ENA route worth taking with an open transfer right now. Gaps of a minute or longer open several times a week, though — here is how to catch the next one:
- Watch Hyperliquid ENA/USDC → BTSE ENA/USD: the spread opened there 112 times in 7 days, 94 of them for a minute or longer; it usually lasts 4 min 48 s.
- Check the transfer in advance: Hyperliquid or BTSE does not publish its network status.
- Set an alert on the route: you hear when the spread pays after fees. Then buy on Hyperliquid and sell on BTSE.
Ethena (ENA) price on every exchange
Refreshed every 10 seconds. The best buy and sell prices are highlighted.
Spot · 33
| Exchange | Bid | Ask | Book spread | 24h volume |
|---|---|---|---|---|
| BinanceENA/USDC | 0.193100 | 0.193200 | 0.05% | $110.7M |
| TokocryptoENA/USDC | 0.193100 | 0.193200 | 0.05% | $110.7M |
| BinanceENA/USDT | 0.193400 | 0.193500 | 0.05% | $31M |
| TokocryptoENA/USDT | 0.193400 | 0.193500 | 0.05% | $31M |
| BybitENA/USDT | 0.193480 | 0.193490 | 0.01% | $26M |
| MEXCENA/USDT | 0.193500 | 0.193620 | 0.06% | $25.2M |
| BitrueENA/USDC | 0.193000 | 0.193400 | 0.21% | $18.5M |
| BitgetENA/USDT | 0.193410 | 0.193460 | 0.03% | $12.7M |
| WhiteBITENA/USDT | 0.193300 | 0.193600 | 0.16% | $10.2M |
| KuCoinENA/USDT | 0.193500 | 0.193600 | 0.05% | $8.2M |
| ToobitENA/USDT | 0.193500 | 0.193600 | 0.05% | $7.8M |
| GateENA/USDT | 0.193510 | 0.193560 | 0.03% | $7.7M |
Perpetual futures · 30
| Exchange | Bid | Ask | Book spread | Funding | 24h volume |
|---|---|---|---|---|---|
| BybitENA/USDT | 0.193350 | 0.193360 | 0.01% | 0.0050%/4h | $104.7M |
| MEXCENA/USDT | 0.193380 | 0.193390 | 0.01% | 0.0050%/4h | $52.4M |
| OKXENA/USDT | 0.193280 | 0.193290 | 0.01% | 0.0100%/8h | $47.4M |
| HyperliquidENA/USDC | 0.193470 | 0.193500 | 0.02% | 0.0013%/1h | $29.8M |
| BitgetENA/USDT | 0.193310 | 0.193320 | 0.01% | 0.0043%/4h | $27.1M |
| ToobitENA/USDT | 0.193380 | 0.193390 | 0.01% | 0.0050%/4h | $25.4M |
| WhiteBITENA/USDT | 0.193060 | 0.193370 | 0.16% | 0.0050%/4h | $24.1M |
| BingXENA/USDT | 0.193430 | 0.193440 | 0.01% | 0.0050%/4h | $23.5M |
| KuCoinENA/USDT | 0.193370 | 0.193450 | 0.04% | 0.0050%/4h | $13.1M |
| PhemexENA/USDT | 0.193300 | 0.193400 | 0.05% | 0.0050%/4h | $10.3M |
| DeepcoinENA/USDT | 0.193270 | 0.193280 | 0.01% | 0.0067%/4h | $10M |
| GateENA/USDT | 0.193370 | 0.193380 | 0.01% | −0.0006%/4h | $8.9M |
How often Ethena (ENA) spreads open
Exchange pairs between which the price drifted apart with a profit after fees over 7 days. “Over a minute” counts the gaps that held for a minute or longer: those can be caught. The rest are flashes of seconds that close before an order arrives.
| Market | Route | Over a minute | Gaps | Median lifetime |
|---|---|---|---|---|
| perp ↔ perp | Binance perp → Hyperliquid perp | 128 | 150 | 5 min 53 s |
| perp ↔ perp | Bybit perp → Hyperliquid perp | 121 | 150 | 4 min 14 s |
| perp ↔ perp | Gate perp → Pacifica perp | 115 | 136 | 4 min 41 s |
| perp ↔ perp | MEXC perp → Backpack perp | 113 | 137 | 5 min 30 s |
| perp ↔ perp | Bitget perp → Hyperliquid perp | 111 | 120 | 9 min 56 s |
| perp ↔ perp | Gate perp → Lighter perp | 108 | 136 | 3 min 32 s |
| perp ↔ perp | BingX perp → Hyperliquid perp | 106 | 131 | 6 min 15 s |
| perp ↔ perp | Toobit perp → Hyperliquid perp | 106 | 123 | 5 min 44 s |
| perp ↔ perp | Aster perp → Hyperliquid perp | 104 | 117 | 5 min 51 s |
| perp ↔ perp | WhiteBIT perp → Hyperliquid perp | 103 | 145 | 2 min 33 s |
| perp ↔ perp | OKX perp → Hyperliquid perp | 95 | 114 | 5 min 26 s |
| spot → spot | Hyperliquid spot USDC → BTSE spot USD | 94 | 112 | 4 min 48 s |
| perp ↔ perp | Gate perp → Hyperliquid perp | 89 | 113 | 5 min 08 s |
| perp ↔ perp | MEXC perp → Lighter perp | 88 | 96 | 15 min 26 s |
| perp ↔ perp | BloFin perp → Hyperliquid perp | 86 | 124 | 3 min 00 s |
| perp ↔ perp | WEEX perp → Hyperliquid perp | 81 | 120 | 2 min 21 s |
| spot → spot | Hyperliquid spot USDC → BTSE spot USDC | 78 | 103 | 2 min 47 s |
| perp ↔ perp | MEXC perp → Kraken perp | 77 | 105 | 3 min 05 s |
| perp ↔ perp | Bitget perp → Pacifica perp | 76 | 95 | 5 min 48 s |
| perp ↔ perp | BTSE perp → Hyperliquid perp | 72 | 107 | 2 min 39 s |
Networks, deposits and withdrawals
Whether the coin can be moved between exchanges: withdrawals open where you buy and deposits open where you sell. Refreshed every 5 minutes.
| Network | Exchange | Deposit | Withdraw | Withdrawal fee |
|---|---|---|---|---|
| ENA | Bitfinex | open | open | — |
| DigiFinex | open | open | 0.0006 ENA | |
| ETH | BackpackEthereum | open | open | 14 ENA |
| BigONEEthereum | open | open | 4.73 ENA | |
| Binance | open | open | 3.09 ENA | |
| BitgetERC20 | open | n/a | 10.53 ENA | |
| Bitrue | open | open | 3.9 ENA | |
| Bitstampethereum | open | open | — | |
| Bitvavo | open | open | 5.6 ENA | |
| BTSEERC20 | open | open | 3.24 ENA | |
| Bybit | open | open | 8 ENA | |
| CEX.IOethereum | open | open | 20 ENA | |
| Coinbaseethereum | n/a | n/a | — | |
| Coinbase Exchangeethereum | n/a | n/a | — | |
| Gate | open | open | — | |
| HitBTC | open | open | 120.7 ENA | |
| HTXena | open | open | 9.031 ENA | |
| KuCoineth | open | open | 10.5 ENA | |
| LATOKENERC20 | n/a | n/a | — | |
| LBankerc20 | n/a | open | 5.018 ENA | |
| MEXC | open | open | 4 ENA | |
| OKXENA-ERC20 | open | open | 1.6 ENA | |
| Phemex | n/a | n/a | — | |
| Poloniex | open | open | 4.061 ENA | |
| Toobit | open | open | 37 ENA | |
| WEEX | open | open | 9.544 ENA | |
| WhiteBITERC20 | open | open | 0.41 ENA | |
| WOO X | open | open | 13.8 ENA | |
| XTEthereum | open | open | 36.7 ENA | |
| MANTLE | Bybit | open | open | 0 ENA |
Gaps of a minute or longer, last 7 days
| When (UTC) | Market | Route | Spread | Lasted | Transfer |
|---|---|---|---|---|---|
| Oct 24, 10:53 PM | perp ↔ perp | Gate → Lighter | 0.106% | 2 min 00 s | — |
| Oct 24, 10:42 PM | spot → spot | BTSE → WhiteBIT | 0.190% | 1 min 18 s | ERC20 |
| Oct 24, 10:42 PM | spot → spot | OKX → WhiteBIT | 0.146% | 1 min 18 s | ENA-ERC20 |
| Oct 24, 10:42 PM | spot → spot | Bitrue → WhiteBIT | 0.112% | 1 min 18 s | ETH |
| Oct 24, 10:42 PM | spot → spot | BtcTurk → WhiteBIT | 0.120% | 1 min 18 s | Transfer status unknown |
| Oct 24, 10:42 PM | spot → spot | Binance → WhiteBIT | 0.162% | 1 min 18 s | ETH |
| Oct 24, 10:42 PM | spot → spot | Binance → WhiteBIT | 0.151% | 1 min 18 s | ETH |
| Oct 24, 10:42 PM | spot → spot | MEXC → WhiteBIT | 0.176% | 1 min 18 s | ETH |
| Oct 24, 10:42 PM | spot → spot | OKX → WhiteBIT | 0.126% | 1 min 18 s | ENA-ERC20 |
| Oct 24, 10:42 PM | spot → spot | BingX → WhiteBIT | 0.110% | 1 min 18 s | Transfer status unknown |
| Oct 24, 10:42 PM | spot → spot | Bitget → WhiteBIT | 0.115% | 1 min 18 s | Transfer status unknown |
| Oct 24, 10:42 PM | spot → spot | BTSE → WhiteBIT | 0.167% | 1 min 18 s | ERC20 |
| Oct 24, 10:42 PM | spot → spot | LBank → WhiteBIT | 0.110% | 1 min 21 s | erc20 |
| Oct 24, 10:40 PM | perp ↔ perp | WhiteBIT → Hyperliquid | 0.122% | 2 min 06 s | — |
| Oct 24, 10:40 PM | perp ↔ perp | Mode Trade → Hyperliquid | 0.105% | 2 min 06 s | — |
| Oct 24, 10:39 PM | spot → spot | WEEX → WhiteBIT | 0.162% | 4 min 09 s | ETH |
| Oct 24, 10:34 PM | perp ↔ perp | Gate → Lighter | 0.164% | 2 min 30 s | — |
| Oct 24, 10:34 PM | perp ↔ perp | Gate → Pacifica | 0.153% | 2 min 00 s | — |
| Oct 24, 10:33 PM | perp ↔ perp | OKX → Hyperliquid | 0.127% | 9 min 03 s | — |
| Oct 24, 10:30 PM | perp ↔ perp | XT → Hyperliquid | 0.139% | 10 min 30 s | — |
| Oct 24, 10:30 PM | perp ↔ perp | Toobit → Hyperliquid | 0.169% | 27 min 21 s | — |
| Oct 24, 10:30 PM | perp ↔ perp | WhiteBIT → Hyperliquid | 0.123% | 2 min 36 s | — |
| Oct 24, 10:30 PM | perp ↔ perp | Toobit → WOOFi Pro | 0.128% | 1 min 18 s | — |
| Oct 24, 10:30 PM | perp ↔ perp | WhiteBIT → Aster | 0.122% | 1 min 18 s | — |
| Oct 24, 10:29 PM | perp ↔ perp | XT → Lighter | 0.123% | 2 min 03 s | — |
| Oct 24, 10:29 PM | perp ↔ perp | WhiteBIT → Lighter | 0.107% | 2 min 03 s | — |
| Oct 24, 10:29 PM | perp ↔ perp | Toobit → Pacifica | 0.127% | 2 min 03 s | — |
| Oct 24, 10:27 PM | perp ↔ perp | Toobit → Lighter | 0.154% | 8 min 18 s | — |
| Oct 24, 10:27 PM | perp ↔ perp | MEXC → Backpack | 0.125% | 4 min 39 s | — |
| Oct 24, 10:27 PM | perp ↔ perp | MEXC → Aster | 0.165% | 12 min 51 s | — |
| Oct 24, 10:27 PM | perp ↔ perp | Gate → Aster | 0.100% | 4 min 06 s | — |
| Oct 24, 10:27 PM | perp ↔ perp | Gate → Pacifica | 0.122% | 4 min 15 s | — |
| Oct 24, 10:27 PM | perp ↔ perp | Bitget → Lighter | 0.113% | 5 min 27 s | — |
| Oct 24, 10:26 PM | perp ↔ perp | Binance → Hyperliquid | 0.122% | 18 min 24 s | — |
| Oct 24, 10:24 PM | perp ↔ perp | Gate → Hyperliquid | 0.164% | 17 min 48 s | — |
| Oct 24, 10:24 PM | perp ↔ perp | Bitget → Hyperliquid | 0.169% | 17 min 48 s | — |
| Oct 24, 10:22 PM | perp ↔ perp | Gate → Lighter | 0.149% | 9 min 18 s | — |
| Oct 24, 10:15 PM | perp ↔ perp | Binance → Hyperliquid | 0.114% | 3 min 39 s | — |
| Oct 24, 09:02 PM | perp ↔ perp | BingX → Hyperliquid | 0.137% | 1 min 00 s | — |
| Oct 24, 09:01 PM | perp ↔ perp | Gate → Hyperliquid | 0.152% | 4 min 21 s | — |
| Oct 24, 09:01 PM | perp ↔ perp | Bitget → Hyperliquid | 0.143% | 17 min 54 s | — |
| Oct 24, 08:58 PM | perp ↔ perp | Binance → Hyperliquid | 0.142% | 4 min 21 s | — |
| Oct 24, 08:50 PM | spot → spot | Hyperliquid → BTSE | 0.113% | 3 min 27 s | Transfer status unknown |
| Oct 24, 08:39 PM | perp ↔ perp | Binance → Hyperliquid | 0.125% | 1 min 00 s | — |
| Oct 24, 08:05 PM | perp ↔ perp | Bitget → Hyperliquid | 0.148% | 13 min 21 s | — |
| Oct 24, 08:05 PM | perp ↔ perp | BingX → Hyperliquid | 0.141% | 7 min 51 s | — |
| Oct 24, 08:02 PM | perp ↔ perp | BloFin → Lighter | 0.176% | 1 min 30 s | — |
| Oct 24, 08:02 PM | perp ↔ perp | BloFin → Hyperliquid | 0.111% | 1 min 51 s | — |
| Oct 24, 08:01 PM | spot → spot | Hyperliquid → MEXC | 0.130% | 6 min 15 s | Transfer status unknown |
| Oct 24, 08:01 PM | spot → spot | Hyperliquid → BTSE | 0.152% | 11 min 30 s | Transfer status unknown |
Spread at the peak after taker fees. Lifetime is measured to about 3 s.
More on Ethena (ENA)
ENA funding rates by exchange →
ENA trades on: Binance, Bybit, MEXC, OKX, Bitget, WhiteBIT, Toobit, Hyperliquid, BingX, Bitrue, KuCoin, Coinbase and 28 more
FAQ
- Why is the Ethena (ENA) spread so high on some exchanges?
4 routes in profit after fees are worth a look ("take" or "risky"); the engine's commonest warnings: best-level size unknown; even when the prices meet, closing crosses each leg's bid-ask spread, and that eats the profit. We have no network status from Tokocrypto, Kraken and BingX +5, so a transfer there cannot be checked.
- Where is Ethena (ENA) cheapest to buy?
Cheapest now on Kraken: $0.193392; dearest on HTX: $0.1938, 0.21% apart. 25 exchanges with a liquid ENA market compared, at the mid between bid and ask.
- Can I transfer Ethena (ENA) between Coinbase Exchange and HTX?
Unknown: one of the exchanges does not publish ENA withdrawal and deposit status by network. Check on Coinbase Exchange and HTX before a transfer.
- Is there an arbitrage opportunity in Ethena (ENA) right now?
Yes, in futures (no transfer: a long and a short): 2 routes are worth a look ("take" or "risky"), the first MEXC → Hyperliquid, 0.07%, marked "risky".
Not on spot after fees: no spot route earns right now. The widest price gap is 0.21% (Kraken → HTX), and trading fees and the withdrawal eat it. In 7 days, gaps of a minute or longer opened most often between Hyperliquid and BTSE: 94 times.
- What is the Ethena (ENA) spread now?
0.21% between the cheapest (Kraken) and the dearest (HTX) exchange, before fees. No route worth taking with an open transfer right now.