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Ethena vs LayerZero

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

Ethena vs LayerZero: 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

LayerZeroZRO-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 ZRO-PERP

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Ethena–LayerZero Price ratio

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90d

Correlation

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ZRO vs ENA

Volatility ratio · 90d

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ZRO

1Y return spread

Returns by window · winner marked

Who returned more, window by window

Window

ENA

ZRO

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 ZRO, indexed to 100

ENA·ZRO

Risk · volatility and correlation

Volatility and correlation

Realized volatility (annualized)

ENAZRO

30D · ENA

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30D · ZRO

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90D · ENA

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90D · ZRO

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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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ZRO-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 LayerZero — the numbers side by side

Spec

EthenaENA-PERP · Canton

LayerZeroZRO-PERP · Canton

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Asset class

Crypto

Crypto

Max leverage on Canborsa

10x

5x

Funding interval

1h

1h

Also trades on

19 platforms

16 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 ; ZRO 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 ›LayerZero (ZRO) market hub ›

Frequently asked questions

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

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

What are the ticker symbols for Ethena and LayerZero?›

On Canborsa, Ethena is listed as ENA and LayerZero as ZRO.

What category is Ethena in versus LayerZero?›

Canborsa categorizes Ethena as Decentralized Finance (DeFi) and LayerZero as Smart Contract Platform.

Are Ethena and LayerZero both crypto assets on Canborsa?›

Ethena and LayerZero are both crypto assets on Canborsa.

What's the max leverage on 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 ZRO on Canborsa

More markets · one venue · crypto-native

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0.07% per side

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