Ethena (ENA) price
ENA/USDT · BRVX price feed
0.1950 USDT
+36.09% last 30 days
Ethena (ENA) is at 0.1950 USDT on BRVX, −8.15% over 24 hours. BRVX lists it as ENA/USDT, a perpetual contract on the ENA token price that you can go long or short with 5x to 100x leverage. Funding is charged every hour, and margin can be USDC, BTC, ETH, USDT, SOL or BNB.
Ethena perpetual terms on BRVX
- Leverage
- 100x default 50x
- ENA fee per side
- 0.05% $0.50 per $1,000 of ENA
- ENA, 30 days
- 0.1349 – 0.2946
- ENA funding
- 0.0046% charged every hour
- ENA daily swing
- 10.75% average of 30
- ENA quotes
- 24/7 crypto never closes
ENA/USDT: 1% against 100x equals the margin; 2% at 50x.
Ethena daily range averaged 10.75% (30 sessions); 30 topped 2%; peak range 25.6%, Sep 20.
A $1,000 Ethena position is 5,130 ENA at 0.1950 USDT: opening it costs $0.50, closing $0.50, and each day held adds about $1.10 of ENA funding.
Ethena at 100x: 1% against you can lose the whole margin. Past swings are no forecast.
Sources: BRVX tariffs API; ENA/USDT daily candles.
About Ethena
What Ethena is
Ethena is the protocol behind USDe, a synthetic dollar. Instead of holding bank deposits, it holds crypto collateral such as ETH and BTC and opens matching short perpetual positions on exchanges, so the two sides offset each other and the combined value stays close to one dollar. ENA is Ethena's governance token, used to vote on risk settings and the protocol's direction. ENA itself is not a stablecoin and moves freely.
What moves the ENA price
Because Ethena's income comes mainly from funding paid on perpetual markets, ENA is closely tied to how bullish derivatives traders are: when funding is high and USDe supply grows, sentiment around ENA usually improves, and when funding turns low or negative the opposite happens. The total supply of USDe, integrations with exchanges and DeFi apps, fee-switch discussions in governance and scheduled token unlocks are the other things traders watch.
USDe supply as a gauge for ENA
Ethena's USDe grows when traders pay high funding to be long, because that funding is what the protocol collects on its hedges. The supply of USDe is therefore a live reading of market leverage. ENA holders watch it daily: rising USDe supply means more protocol income and usually firmer ENA, while a shrinking supply, as in periods of negative funding, tends to weigh on it. Governance votes on sharing revenue with ENA stakers are the other recurring catalyst. ENA also carries its own supply schedule: large tranches for the team and early investors unlock over several years, and big monthly unlocks have coincided with weak stretches for the token.
ENA on BRVX
BRVX quotes Ethena as ENA/USDT, a synthetic perp. A position gives you no ENA, no USDe and no sUSDe; it tracks the ENA price and settles in your margin. Ethena leverage on BRVX spans 5x to 100x, with 50x preselected. There is a twist for ENA traders: the token lives on funding rates, and a BRVX position also pays funding, 0.0046% per hour for longs now. When funding flips across crypto, ENA can move fast enough to lose you a leveraged margin.
Ethena price history
Ethena +53.95% in 30 sessions: 18 up, 11 down; top move +21.32% on Sep 20; 7d 0.1942–0.2475; 30d 0.1349–0.2946.
| Date | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Oct 14, 2026 | 0.2060 | 0.2190 | 0.1989 | 0.2095 | +1.70% |
| Oct 13, 2026 | 0.2376 | 0.2475 | 0.2053 | 0.2060 | −13.30% |
| Oct 12, 2026 | 0.2207 | 0.2439 | 0.2199 | 0.2376 | +7.66% |
| Oct 11, 2026 | 0.2151 | 0.2247 | 0.2147 | 0.2207 | +2.60% |
| Oct 10, 2026 | 0.2158 | 0.2207 | 0.2105 | 0.2151 | +4.06% |
| Oct 9, 2026 | 0.2265 | 0.2284 | 0.1942 | 0.2067 | −8.74% |
| Oct 8, 2026 | 0.2340 | 0.2358 | 0.2232 | 0.2265 | −5.78% |
Prices from the BRVX feed, ENA/USDT. Last candle Oct 14, 2026 UTC.
How Ethena has traded: all-time high, all-time low, history
Ethena all-time high on BRVX: 1.2854 USDT (Jan 7, 2025). Low: 0.0704 USDT (Jul 1, 2026). Now 0.2095, −83.71% off the top, 197.73% over the bottom. ENA/USDT history here starts Jan 2, 2025, 651 daily candles; older ENA trading is not counted.
- ENA peak
- 1.2854 Jan 7, 2025
- ENA bottom
- 0.0704 Jul 1, 2026
- From the peak
- −83.71% peak 1.2854
- On BRVX since
- Jan 2, 2025 651 candles
- Best ENA day
- +40.87% May 10, 2025
- Worst ENA day
- −23.36% Mar 5, 2025
Ethena returns by period
| Period | ENA change |
|---|---|
| 7 days | −12.86% |
| 30 days | +53.95% |
| 90 days | +150.69% |
| Year to date | +1.48% |
| Full ENA history | −76.97% |
Ethena by month
| Month | ENA open | High | Low | Close | ENA change |
|---|---|---|---|---|---|
| Oct 2026 · to date | 0.2484 | 0.2812 | 0.1942 | 0.2095 | −15.66% |
| Sep 2026 | 0.1482 | 0.2946 | 0.1349 | 0.2484 | +67.63% |
| Aug 2026 | 0.0821 | 0.1899 | 0.0790 | 0.1482 | +80.56% |
| Jul 2026 | 0.0709 | 0.0918 | 0.0704 | 0.0812 | +14.54% |
| Jun 2026 | 0.0886 | 0.1139 | 0.0720 | 0.0789 | −11.00% |
| May 2026 | 0.1040 | 0.1350 | 0.0857 | 0.0888 | −14.62% |
| Apr 2026 | 0.0911 | 0.1269 | 0.0794 | 0.1082 | +18.77% |
| Mar 2026 | 0.1026 | 0.1199 | 0.0880 | 0.0912 | −11.11% |
| Feb 2026 | 0.1538 | 0.1539 | 0.0942 | 0.1070 | −30.43% |
| Jan 2026 | 0.2031 | 0.2569 | 0.1502 | 0.1542 | −24.08% |
| Dec 2025 | 0.2836 | 0.3018 | 0.1927 | 0.2064 | −27.22% |
| Nov 2025 | 0.3933 | 0.4006 | 0.2258 | 0.2817 | −28.38% |
Ethena by day of the week
Ethena on BRVX, Sat–Sun: 5.22% average move vs 4.58% Mon–Fri (1.14×); weekends ran busier.
| Day | Days | ENA avg | Avg size | Up |
|---|---|---|---|---|
| Monday | 93 | +0.16% | 3.79% | 45% |
| Tuesday | 93 | −0.63% | 4.89% | 45% |
| Wednesday | 93 | −1.28% | 4.54% | 34% |
| Thursday | 92 | +0.27% | 4.73% | 47% |
| Friday | 93 | +0.27% | 4.94% | 49% |
| Saturday | 93 | +0.75% | 5.38% | 39% |
| Sunday | 93 | +0.31% | 5.05% | 47% |
ENA at 100x: a 1% move the wrong way can lose the whole margin.
ENA/USDT daily candles from the BRVX feed, UTC, to Oct 14, 2026. Past moves do not predict future prices.
Ethena next to similar markets
Ethena's 100x cap sits between Ondo at 100x and Bitcoin at 150x. Fees run from 0.05% per side at Ethena to 0.1% at Ondo. In the last 24 hours Ethena led the group, −8.15%. Of the 5 markets set against Ethena here, 1 allows more leverage than its 100x, 0 allow less, and 0 charge a lower fee than its 0.05% per side.
| Market | 24h | Gap vs ENA | Leverage cap |
|---|---|---|---|
| Ethena | −8.15% | — | 100x cap |
 Ondo | −4.87% | +3.28 pp | same as ENA |
 Hyperliquid | −0.70% | +7.45 pp | same as ENA |
 Aster | −1.24% | +6.91 pp | same as ENA |
 Ethereum | −3.50% | +4.65 pp | same as ENA |
 Bitcoin | −1.80% | +6.35 pp | +50x vs ENA |
Where ENA's cap is higher, a smaller move can lose the whole margin.
Before you open a Ethena position
Sign in
Log in by email or wallet; Ethena and USDe stay out of the picture.
Choose collateral
Neither ENA nor USDe counts as margin here, so fund with USDT, USDC or a major coin.
Trade ENA/USDT
Pick a side, set leverage and exits, and keep an eye on crypto-wide funding, which ENA tends to follow.
ENA at 100x: a 1% move the wrong way can lose the whole margin.
ENA long and ENA short
Ninety dollars on ENA through a funding-rate swing, entry fee and funding aside.
At 6x ENA only needs a 16.7% reversal to consume the $90 collateral, and it has made reversals like that within a day.
ENA Ethena - Price move
- +3% $0.2008
- Position P&L
- +$16.20
- On margin
- +18%
Hypothetical ENA figures. At 6x, 16.67% against you equals the margin; you can lose all of it.
Calculate your liquidation priceEthena price FAQ
Step-by-step long and short: how to trade Ethena.
Where does ENA trade today?
ENA/USDT is 0.1950 USDT on BRVX, −8.15% across 24 hours.
Is ENA a stablecoin like USDe?
No. USDe aims to stay near one dollar; ENA is the governance token and its price floats freely.
How does USDe hold its dollar value?
Ethena holds crypto such as ETH and BTC and opens short perpetual positions of the same size, so gains on one side offset losses on the other. The shorts also collect funding when rates are positive.
How far can ENA be levered?
From 5x to 100x. ENA reacts to market-wide funding shifts, so ENA positions near the cap can lose the ENA margin quickly.
How much does Ethena move in a day?
10.75% on an average ENA day (30 sessions); peak range 25.6% on Sep 20; 18 up, 11 down. At 50x, 2% against you equals the margin, which you can lose.
What does $100 of margin buy on ENA?
25,648 ENA at the default 50x, or 51,295 ENA if you push it to 100x — both priced off 0.1950 USDT. A loss scales the same way as the position.
What is Ethena's record high on BRVX?
1.2854 USDT, set Jan 7, 2025 — the highest ENA/USDT print since BRVX started recording it on Jan 2, 2025. It now sits −83.71% under that, at 0.2095. The floor so far: 0.0704 USDT (Jul 1, 2026).
Does Ethena move on weekends on BRVX?
Yes. Since Jan 2, 2025, ENA moved 5.22% per weekend day vs 4.58% per weekday on BRVX, either direction. Leverage multiplies weekend losses too.
Trade Ethena up or down
Open appENA reacts to funding across the whole crypto market. When it turns, leveraged positions lose fast. Not available to US persons.