Funding arb · Price arb /

ZEN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.021%

Price spread now: dYdX against Aster+0.033%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. dYdX is 0.033% dearer against Aster than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZENUSDT	7.7870	0.0100	pay 0.0100% / 8h	30m 30s	$53K	$375K	10x
Short	dYdX ZEN-USD	7.7896	0	get 0.0000% / 1h	30m 30s	$9K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee dYdXbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$21
Price spread: +0.033% → 0.000%: $3.33
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$35.67
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 47 min ago; dYdX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 47 min ago	8.45 bp	18.7 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZEN on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEN	−0.0032%	8h	7.7751	−0.152%	$52K	$85K	—	as long as short
dYdX ZEN-USDshort	0.0000%	1h	7.7896	+0.033%	$9K	—	5x
KuCoin ZENUSDTM	+0.0016%	8h	7.7940	+0.090%	$4.5M	$5.0M	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0019%	4h	7.7860	−0.012%	$2.3M	$5.9M	50x	as long as short
Bybit ZENUSDT	+0.0056%	8h	7.7870	0.000%	$4.7M	$6.3M	75x	as long as short
Extended ZEN-USD	+0.0064%	1h	7.7819	−0.065%	$26K	$118K	5x	as long as short
MEXC ZEN_USDT	+0.0067%	8h	7.7930	+0.077%	$12.6M	$5.4M	200x	as long as short
Binance ZENUSDT	+0.0069%	8h	7.7930	+0.077%	$11.3M	$31.5M	75x	as long as short
Aster ZENUSDTlong	+0.0100%	8h	7.7870	long leg	$53K	$375K	10x
Bitget ZENUSDT	+0.0100%	8h	7.7880	+0.013%	$2.9M	$3.5M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0100%	8h	7.7880	+0.013%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7890	+0.026%	$581K	$1.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7930	+0.077%	$27K	$684K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7890	+0.026%	$1K	$1.4M	20x	as long as short
BloFin ZEN-USDT	+0.0188%	8h	7.7850	−0.025%	$847K	$1.8M	75x	as long as short
Hyperliquid ZEN	+0.0465%	1h	7.8099	+0.294%	$2.5M	$1.8M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2634%	1h	7.8258	+0.499%	$512K	$1.0M	25x	as long as short