Settings8H · net · $10k
Funding arb · Price arb /

ZEN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h −0.044%
Price spread now: Variational Omni against dYdX−0.174%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.174% cheaper against dYdX than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ZEN-USD7.74380get 0.0000% / 1h7m 28s$9K5x
ShortVariational Omni ZEN7.7304−0.0039pay 0.0039% / 8h7m 28s$52K$85K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against dYdX. 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

Funding earned
−$8.21
Price spread: −0.174% → 0.000%
−$17.38
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$35.6
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: dYdX: no order-book sample; Variational Omni: RFQ quote, 71 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell Variational Omni RFQ quote, 71 min ago5.96 bpdoesn't fit156.6 bp −$1,566doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZENshort−0.0039%8h7.7304−0.174%$52K$85K
OKX ZEN-USDT-SWAP−0.0009%4h7.7320−0.153%$2.3M$5.8M50xas long as short
dYdX ZEN-USDlong0.0000%1h7.7438long leg$9K5x
KuCoin ZENUSDTM+0.0032%8h7.7390−0.062%$4.4M$4.9M50xas long as short
Bybit ZENUSDT+0.0044%8h7.7340−0.127%$4.6M$6.3M75xas long as short
Extended ZEN-USD+0.0072%1h7.7334−0.135%$25K$118K5xas long as short
MEXC ZEN_USDT+0.0072%8h7.7380−0.075%$12.5M$5.5M200xas long as short
Binance ZENUSDT+0.0073%8h7.7410−0.037%$11.2M$31.6M75xas long as short
Aster ZENUSDT+0.0100%8h7.7331−0.138%$52K$377K10xas long as short
Bitget ZENUSDT+0.0100%8h7.7380−0.075%$2.9M$3.5M50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ZEN-USDT+0.0100%8h7.7600+0.209%$3.3Mas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.7371−0.088%$577K$1.7M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.7380−0.075%$26K$685K50xas long as short
SunX ZEN-USDT+0.0100%8h7.7320−0.153%$1K$1.4M20xas long as short
BloFin ZEN-USDT+0.0193%8h7.7420−0.024%$849K$1.8M75xas long as short
Hyperliquid ZEN+0.0358%1h7.7541+0.133%$2.5M$1.8M5xas long as short
Kraken Futures PF_ZENUSD+0.2654%1h7.7678+0.309%$508K$1.0M25xas long as short