ENA Liquidation Calculator
Find your exact Ethena (ENA) liquidation price — for any leverage, long or short. Free, instant and private (it runs in your browser).
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ENA is trading at $0.09088 right now, up 2.97% in 24 hours. From this price, a long is liquidated near $0.082246 at 10x, $0.087699 at 25x, $0.089517 at 50x and $0.090426 at 100x (0.5% maintenance margin) — short levels mirror the same distances above the price. The last 24 hours alone moved ENA 2.97% — enough to liquidate a 50x position caught on the wrong side of it. This is not theoretical: $316K of ENA positions was actually liquidated in the past 24 hours, mostly longs ($222K vs $93K). Funding is +0.0050% — ENA longs are also paying shorts to hold, on top of the liquidation risk.
See it live: 24h liquidation totals · Practice ENA risk-free
How ENA liquidation works
Ethena is a high-beta DeFi perp; volatility around yield and unlocks pushes liquidation close at high leverage. Liquidation happens when losses eat through the margin backing your position. The isolated-margin estimate is Entry × (1 − 1/Leverage + MMR) for a long and Entry × (1 + 1/Leverage − MMR) for a short, where MMR is the maintenance margin rate.
Worked example — 10× ENA long
A 10× ENA long entered at $0.5 with a 0.5% maintenance margin rate is liquidated at about:
Because ENA can move fast, keep your stop-loss well inside that level and size by risk. See how to size a position and how to avoid liquidation.
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Educational tool, not financial advice. Estimates exclude fees and funding and may differ from your exchange.