Home/Perp DEXes/Variational/Ethena (ENA)

Variational · ENA · Platform × Asset

ENA on Variational: Listing Status

YesENA perpetual · Arbitrum

MARKETENA FUNDINGvariable, 1h to 8h Browser Wallet Non-custodial TAKER0%

Ethena (ENA) trades on Variational as ENA. Venues that also list ENA are compared below.

On this pageListing specs Where else How to trade FAQ

VARIATIONAL × ENAListed

ENAEthena perpetual on Variational

Variational · listed

Yes

Variational · funding

variable, 1h to 8h

ENA on Canborsa10x · 24/7 · 0.07% / side

Canborsa fundingevery 1h

Trade ENA on Canborsa ›

Variational · at a glance

Listed

ENA · liveEthena perpetual on Variational

0.14%

round-tripCanborsa · 0.07% per side

variable, 1h to 8h

funding intervalFunding every variable, 1h to 8h on Variational

10x

on CanborsaENA-PERP · 24/7 · 0.07% per side

ENA

Listing specs · the key numbers

ENA on Variational — the key numbers

ENALive

Crypto · Variational · Arbitrum

MarketENA perpetual

ChainArbitrum

Quote currencyUSDC

Fundingvariable, 1h to 8h

Venue fees0% maker / 0% taker

Sign-up Browser Wallet Non-custodial

Variational — perp DEX on Arbitrum · 559 markets

Crypto · Stocks · Gold & commodities · Indices · funding every variable, 1h to 8h

Arbitrum Browser Wallet Non-custodial TAKER / MAKER0% / 0%

Variational review & fees →Variational fee schedule →

Availability · where ethena trades

Where else does ethena trade?

20 venues list a ethena perpetual, Canborsa included. Sorted by max leverage, highest first.

Platform

Max lev

Taker fee

Sign-up

Chain

CanborsaSign up›

10x

0.07%

Browser Wallet Non-custodial

Canton

gTrade

150x

0.035%

Browser Wallet Non-custodial

Arbitrum

ApeX

50x

0.05%

Browser Wallet Non-custodial

zkLink X

Extended

50x

0.025%

Browser Wallet Non-custodial

Starknet

GRVT

50x

0.045%

Browser Wallet Non-custodial

GRVT L2

Avantis

20x

0.045%

Browser Wallet Non-custodial

Base

edgeX

20x

0.045%

Browser Wallet Non-custodial

edgeX L2

Reya

15x

0.03%

Browser Wallet Non-custodial

Reya Network

Hyperliquid

10x

0.045%

Browser Wallet Non-custodial

Hyperliquid L1

Lighter

10x

0%

Browser Wallet Non-custodial

Lighter L2

Pacifica

10x

0.04%

Browser Wallet Non-custodial

Solana

Paradex

10x

0%

Browser Wallet Non-custodial

Paradex Chain

Helix

5.5x

0.0001%

Browser Wallet Non-custodial

Injective

dYdX

5x

0.05%

Browser Wallet Non-custodial

dYdX Chain

Aevo

3x

0.08%

Browser Wallet Non-custodial

Aevo Chain

Aster

—

0.04%

Browser Wallet Non-custodial

BNB Chain

GMX

—

—

Browser Wallet Non-custodial

Arbitrum

Storm Trade

—

—

Browser Wallet Non-custodial

TON

Variational

—

0%

Browser Wallet Non-custodial

Arbitrum

Vest

—

0.01%

Browser Wallet Non-custodial

Base

Action path · Canborsa lists ENA 24/7

How to trade ethena (perpetual)

Four steps from an empty wallet to an open ENA position on Canborsa.

01.

Sign up on Canborsa with email, X or a wallet

No document upload to open the account. Canborsa is non-custodial: your collateral stays under your own keys until a position opens.

Email X Wallet

02.

Fund the account with USDC

Deposit USDC over Canton, Robinhood Chain, Ethereum, Base, BNB Chain or Arbitrum. Canborsa takes no fiat, so buying the USDC happens wherever you normally buy stablecoins.

→

Robinhood Chain

03.

Open ENA-PERP

Pick ENA in the markets list. The ticket shows the live price, the current funding rate and max leverage 10x .

ENA-PERPPerpetual · USDC marginup to 10x

04.

Choose Buy / Long, then set size and leverage

Buying $1,000 of ENA at 5x uses $200 of collateral. Higher leverage moves the liquidation price closer to your entry: your exposure is the position size, whatever margin you posted. Set a stop-loss below your entry before you walk away.

Position · PnLexample|