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BTC——·ETH——·GOLD——·NVDA——·SPCX——·SP500——·CC——·BTC——·ETH——·GOLD——·NVDA——·SPCX——·SP500——·CC——·
Crypto pair
VS

BTC vs ENA: Side-by-Side

Crypto vs Crypto up to 25x Funding every 1h 0.07% per side 86 markets

Bitcoin and Ethena, side by side on the dimensions that matter for a perp trader: class, structure and behaviour.

On this page Returns Risk and funding Side by side Verdict FAQ
BitcoinBTC-PERP · Canton
EthenaENA-PERP · Canton
VS
Price ——
24h ——
YTD return ——
30D volatility ——
Max leverage 25x10x
Both legs on Canborsa Sign up›
BTC-PERP vs ENA-PERP
—
Bitcoin–Ethena Price ratio
—
90d Correlation
—
ENA vs BTC Volatility ratio · 90d
—
BTC 1Y return spread
Returns by window · winner marked

Who returned more, window by window

Window
BTC
ENA
Spread
1W
—
—
—
1M
—
—
—
3M
—
—
—
1Y
—
—
—
Performance · indexed overlay
BTC vs ENA, indexed to 100
BTC·ENA
Risk · volatility and correlation

Volatility and correlation

Realized volatility (annualized)
BTCENA
30D · BTC
—
30D · ENA
—
90D · BTC
—
90D · ENA
—

Wider bar = more volatile. Values load with the live window.

Correlation · window
—
−1−0.50+0.5+1

Daily returns on the measured window. +1 lockstep, 0 unrelated, −1 mirrors. Not a forecast.
Funding · APR on each leg

Funding on each side

BTC-PERP Live 1h
FUNDING · $1,000 · 30 DAYS—
FUNDING · $1,000 · 1 HOUR—
ROUND-TRIP FEE · $1,000$1.40 0.14%
Funding on $1,000
1 DAY
—
7 DAYS
—
30 DAYS
—
90 DAYS
—
ENA-PERP Live 1h
FUNDING · $1,000 · 30 DAYS—
FUNDING · $1,000 · 1 HOUR—
ROUND-TRIP FEE · $1,000$1.40 0.14%
Funding on $1,000
1 DAY
—
7 DAYS
—
30 DAYS
—
90 DAYS
—
Head-to-head · spec by spec

Bitcoin vs Ethena — the numbers side by side

Spec
BTC BitcoinBTC-PERP · Canton
ENA EthenaENA-PERP · Canton
VS
Asset class
Crypto
Crypto
Max leverage on Canborsa
25x
10x
Funding interval
1h
1h
Also trades on
27 platforms
19 platforms
Trading fees
0.07% / side · 0.14% round-trip
0.07% / side · 0.14% round-trip
Funding · APR
—
—
Verdict

Both legs are crypto perpetuals on Canborsa, settled in USDC.

Canborsa lists BTC at up to 25x and ENA at up to 10x ; trading fees are 0.07% per side ( 0.14% round-trip) on both legs.

Both legs have their own market pages: Bitcoin (BTC) market hub ›Ethena (ENA) market hub ›

Frequently asked questions

What fees apply when trading Bitcoin and Ethena?›

Canborsa charges 0.07% per side (0.14% round trip) on every perpetual market, including Bitcoin and Ethena.

How are Bitcoin and Ethena listed by ticker on Canborsa?›

Bitcoin trades under the ticker BTC and Ethena under ENA.

Are Bitcoin and Ethena both crypto assets on Canborsa?›

Bitcoin and Ethena sit in the same asset class on Canborsa: crypto assets.

How much leverage can I use on Bitcoin versus Ethena?›

Canborsa offers up to 25x leverage on Bitcoin and up to 10x on Ethena.

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Crypto pair · Perpetual · —

Trade BTC and ENA on Canborsa

More markets · one venue · crypto-native
— 0.07% per side
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