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Ethena vs Morpho

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

Ethena and Morpho answer different questions in a portfolio; this page puts them side by side.

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

EthenaENA-PERP · Canton

MorphoMORPHO-PERP · Canton

VS

Price

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24h

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YTD return ——

30D volatility ——

Max leverage 10x5x

Both legs on Canborsa Sign up›

ENA-PERP vs MORPHO-PERP

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Ethena–Morpho Price ratio

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90d

Correlation

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MORPHO vs ENA

Volatility ratio · 90d

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MORPHO

1Y return spread

Returns by window · winner marked

Who returned more, window by window

Window

ENA

MORPHO

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 MORPHO, indexed to 100

ENA·MORPHO

Risk · volatility and correlation

Volatility and correlation

Realized volatility (annualized)

ENAMORPHO

30D · ENA

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30D · MORPHO

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90D · ENA

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90D · MORPHO

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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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MORPHO-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 Morpho — the numbers side by side

Spec

EthenaENA-PERP · Canton

MorphoMORPHO-PERP · Canton

VS

Asset class

Crypto

Crypto

Max leverage on Canborsa

10x

5x

Funding interval

1h

1h

Also trades on

19 platforms

9 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.

ENA is live at up to 10x ; MORPHO is live at up to 5x . Trading fees are 0.07% per side ( 0.14% round-trip).

Both legs have their own market pages: Ethena (ENA) market hub ›Morpho (MORPHO) market hub ›

Frequently asked questions

What are the trading fees for Ethena and Morpho on Canborsa?›

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

What are the ticker symbols for Ethena and Morpho?›

Ethena trades under the ticker ENA and Morpho under MORPHO.

What category is Ethena in versus Morpho?›

Ethena falls under Decentralized Finance (DeFi), and Morpho falls under Decentralized Finance (DeFi).

Are Ethena and Morpho both crypto assets on Canborsa?›

Ethena and Morpho are both crypto assets on Canborsa.

What leverage does Canborsa offer on Ethena?›

Ethena trades on Canborsa with up to 10x leverage; Morpho has no live market there.

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Crypto pair · Perpetual · —

Trade ENA and MORPHO on Canborsa

More markets · one venue · crypto-native

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0.07% per side

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