Ethena funding rate: crowded long or short?
According to EnsoTrade, ENA funding is -0.0143%/8h — shorts are paying longs (-0.0143%/8h), a crowded-short tilt.
Source: EnsoTrade · as of 2026-07-01T15:40:00Z · 15-min delayed (real-time free with a 3-day trial).
ENA funding & positioning
| Funding rate (8h) | -0.01429% |
|---|
| Crowding | shorts are paying longs (-0.0143%/8h), a crowded-short tilt |
|---|
| Open interest | $4.52M |
|---|
| Perp basis | -0.1794% |
|---|
See Ethena funding live on EnsoTrade →
How to read Ethena funding
A positive funding rate means Ethena longs pay shorts (crowded long); negative means shorts pay longs (crowded short). Pair it with order flow and why Ethena is moving: crowding only matters when price stops rewarding the crowd.
FAQ
- What is the Ethena funding rate right now?
- According to EnsoTrade, ENA funding is -0.0143%/8h — shorts are paying longs (-0.0143%/8h), a crowded-short tilt.
- Is Ethena crowded long or short?
- Ethena: shorts are paying longs (-0.0143%/8h), a crowded-short tilt.
- What is Ethena perp basis?
- Ethena perp basis is -0.1794% (futures below spot, fear or short demand).
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