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Crypto pair

VS

ENA vs PENDLE: Side-by-Side

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

Comparing Ethena with Pendle comes down to volatility, market structure and what each instrument actually tracks.

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

EthenaENA-PERP · Canton

PendlePENDLE-PERP · Canton

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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 PENDLE-PERP

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Ethena–Pendle Price ratio

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90d

Correlation

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PENDLE vs ENA

Volatility ratio · 90d

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PENDLE

1Y return spread

Returns by window · winner marked

Who returned more, window by window

Window

ENA

PENDLE

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 PENDLE, indexed to 100

ENA·PENDLE

Risk · volatility and correlation

Volatility and correlation

Realized volatility (annualized)

ENAPENDLE

30D · ENA

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30D · PENDLE

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90D · ENA

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90D · PENDLE

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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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PENDLE-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 Pendle — the numbers side by side

Spec

EthenaENA-PERP · Canton

PendlePENDLE-PERP · Canton

VS

Asset class

Crypto

Crypto

Max leverage on Canborsa

10x

5x

Funding interval

1h

1h

Also trades on

19 platforms

14 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 ; PENDLE 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 ›Pendle (PENDLE) market hub ›

Frequently asked questions

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

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

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

On Canborsa, Ethena is listed as ENA and Pendle as PENDLE.

What category is Ethena in versus Pendle?›

Ethena falls under Decentralized Finance (DeFi), and Pendle falls under Decentralized Exchange (DEX).

What asset class do Ethena and Pendle share?›

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

How much leverage is available for Ethena on Canborsa?›

Of the two, only Ethena is live on Canborsa, with up to 10x leverage.

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Crypto pair · Perpetual · —

Trade ENA and PENDLE on Canborsa

More markets · one venue · crypto-native

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0.07% per side

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