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Ethena vs Hyperliquid

Crypto vs Crypto up to 10x Funding every 1h 0.07% per side 86 markets

Ethena vs Hyperliquid: same trading venue, different risk profiles — the comparison below keeps to the facts.

On this page Returns Risk and funding Side by side Verdict FAQ

EthenaENA-PERP · Canton

HyperliquidHYPE-PERP · Canton

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Price

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24h

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YTD return ——

30D volatility ——

Max leverage 10x10x

Both legs on Canborsa Sign up›

ENA-PERP vs HYPE-PERP

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Ethena–Hyperliquid Price ratio

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90d

Correlation

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HYPE vs ENA

Volatility ratio · 90d

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HYPE

1Y return spread

Returns by window · winner marked

Who returned more, window by window

Window

ENA

HYPE

Spread

1W

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1M

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3M

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1Y

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Performance · indexed overlay

ENA vs HYPE, indexed to 100

ENA·HYPE

Risk · volatility and correlation

Volatility and correlation

Realized volatility (annualized)

ENAHYPE

30D · ENA

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30D · HYPE

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90D · ENA

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90D · HYPE

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

Correlation · window

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−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

ENA-PERP Live 1h

FUNDING · $1,000 · 30 DAYS

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FUNDING · $1,000 · 1 HOUR

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ROUND-TRIP FEE · $1,000$1.40 0.14%

Funding on $1,000

1 DAY

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7 DAYS

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30 DAYS

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90 DAYS

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HYPE-PERP Live 1h

FUNDING · $1,000 · 30 DAYS

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FUNDING · $1,000 · 1 HOUR

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ROUND-TRIP FEE · $1,000$1.40 0.14%

Funding on $1,000

1 DAY

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7 DAYS

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30 DAYS

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90 DAYS

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Head-to-head · spec by spec

Ethena vs Hyperliquid — the numbers side by side

Spec

EthenaENA-PERP · Canton

HyperliquidHYPE-PERP · Canton

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Asset class

Crypto

Crypto

Max leverage on Canborsa

10x

10x

Funding interval

1h

1h

Also trades on

19 platforms

24 platforms

Trading fees

 0.07% / side · 0.14% round-trip 

 0.07% / side · 0.14% round-trip 

Funding · APR

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Verdict

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

Canborsa lists ENA at up to 10x and HYPE 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: Ethena (ENA) market hub ›Hyperliquid (HYPE) market hub ›

Frequently asked questions

How much does it cost to trade Ethena or Hyperliquid on Canborsa?›

Trading Ethena or Hyperliquid on Canborsa costs 0.07% per side, or 0.14% for a full round trip.

What category is Ethena in versus Hyperliquid?›

Canborsa categorizes Ethena as Decentralized Finance (DeFi) and Hyperliquid as Decentralized Exchange (DEX).

Are Ethena and Hyperliquid both crypto assets on Canborsa?›

Ethena and Hyperliquid are both crypto assets on Canborsa.

Are Ethena and Hyperliquid both listed on Canborsa?›

Yes, both Ethena (ENA) and Hyperliquid (HYPE) are listed as perpetual markets on Canborsa.

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Crypto pair · Perpetual · —

Trade ENA and HYPE on Canborsa

More markets · one venue · crypto-native

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0.07% per side

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