Monthly, quarterly and yearly returns of Ethena in percent, measured on Binance spot ENAUSDT daily candles since 2 Apr 2024. Green months closed higher than the month before, red lower; the deeper the colour, the bigger the move. The current month is marked so far.
Ethena is up 84.55% so far in September 2026 (to 27 Sep), against a median September of +20.73% over 2 full years (average +20.73%; 1 of 2 ended higher). Its best month since 2024 was November 2024 (+132.6%) and its worst February 2025 (-45.85%); 9 of 28 full months closed higher. Year to date, Ethena is up 38.02%.
Data since 2 Apr 2024Source: Binance spot ENAUSDT, 1d candles (UTC)As of 17:07 UTC
Ethena monthly returns (%)
ENAUSDT · since 2 Apr 2024 · UTC months
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Year
2026
-30.62%
-24.95%
-12.58%
+12.86%
-14.22%
-18.05%
+11.22%
+86.18%
+84.55%
+38.02%
2025
-15.91%
-45.85%
-16.98%
-7.01%
-4.35%
-12.82%
+113.7%
+12.34%
-12.66%
-29.89%
-33.92%
-22.79%
-78.02%
2024
+171.3%
+7.86%
-39.29%
-25.14%
-40.35%
+54.12%
-1.09%
+132.6%
+7.76%
+203.1%
Average
-23.26%
-35.40%
-14.78%
+2.92%
-3.57%
-23.39%
+33.26%
+19.39%
+20.73%
-15.49%
+49.33%
-7.51%
-78.02%
Median
-23.26%
-35.40%
-14.78%
+2.92%
-4.35%
-18.05%
+11.22%
+12.34%
+20.73%
-15.49%
+49.33%
-7.51%
-78.02%
Ethena quarterly returns (%)
Q1 = Jan–Mar · UTC
Year
Q1
Q2
Q3
Q4
2026
-54.48%
-20.66%
+282.1%
2025
-62.20%
-22.46%
+109.7%
-64.23%
2024
+77.67%
-31.18%
+147.9%
Average
-58.34%
-21.56%
+39.25%
+41.84%
Median
-58.34%
-21.56%
+39.25%
+41.84%
Ethena yearly returns (%)
Binance ENAUSDT · UTC years
Year
Return
Start price
End price
Covers
2026
+38.02%
0.1999
0.2759
1 Jan 2026 – 27 Sep 2026 (so far)
2025
-78.02%
0.9093
0.1999
1 Jan 2025 – 31 Dec 2025
2024
+203.1%
0.3000
0.9093
2 Apr 2024 – 31 Dec 2024
How to read it. Each cell is the percentage change from the previous period's last daily close to this period's last daily close, in UTC. Green closed higher, red lower; deeper colours are bigger moves. Italic cells cover part of a period: the listing month (2 Apr 2024) and the current month, quarter and year (so far, to 27 Sep 2026). Average and median rows count full periods only.
Source: Binance spot ENAUSDT daily candles (public API), refreshed every few hours. Not financial advice.
Ethena returns FAQ
How are Ethena's monthly returns calculated?
Each month's return is the last daily close of that month divided by the last daily close of the month before, minus one, in UTC; quarters and years work the same way. The first month in the table is measured from its first daily open. Prices are ENAUSDT daily candles on Binance spot, from 2 Apr 2024 on.
What do the average and median rows show?
For each calendar month, the average and the median return over every full year of data. The listing month and the current month are left out of both, because they cover only part of the month. The median is less sensitive to one extreme year than the average.
Why is the current month marked?
The current month, quarter and year are still running, so their returns are "so far": they use the latest daily close, which moves until the day ends at 00:00 UTC. They are shown in italics and not counted in any average, median, best or worst figure.
Are past returns a guide to future returns?
No. Seasonal patterns in crypto are weak and change from year to year; a month with a positive median has still had large losses. Use these tables for context next to funding rates, open interest and liquidations. Nothing here is financial advice.