Funding arb · Price arb /

ZEN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0127%/8h= −13.9% APRpaid last 24h −0.042%

Price spread now: dYdX against BloFin+0.243%7-day average — · you sell dearer than you buy

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

Long on BloFin 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—needs both histories

The price spread pays, funding is against you. dYdX is 0.243% dearer against BloFin than usual: you sell high and buy low (spread +0.243% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZEN-USDT	7.7150	0.0127	pay 0.0127% / 8h	3h 30m	$828K	$2.1M	75x
Short	dYdX ZEN-USD	7.7338	0	get 0.0000% / 1h	30m 30s	$9K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now +0.243%Rate

Funding earned: −$26.59
Price spread: +0.243% → 0.000%: $24.33
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$24.27
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago	5.19 bp	12.4 bp −$12	22.5 bp −$225	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	−0.0196%	8h	7.7069	−0.105%	$51K	$250K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0041%	4h	7.7190	+0.052%	$2.3M	$7.3M	50x	as long as short
dYdX ZEN-USDshort	0.0000%	1h	7.7338	+0.243%	$9K	—	5x
MEXC ZEN_USDT	+0.0031%	8h	7.7210	+0.078%	$12.3M	$6.6M	200x	as long as short
Binance ZENUSDT	+0.0031%	8h	7.7240	+0.117%	$10.9M	$35.2M	75x	as long as short
Extended ZEN-USD	+0.0032%	1h	7.7268	+0.153%	$25K	$110K	5x	as long as short
KuCoin ZENUSDTM	+0.0043%	8h	7.7260	+0.143%	$4.4M	$5.5M	50x	as long as short
Bitget ZENUSDT	+0.0046%	8h	7.7260	+0.143%	$2.8M	$4.0M	50x	as long as short
Aster ZENUSDT	+0.0074%	8h	7.7221	+0.092%	$40K	$316K	10x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7210	+0.078%	$4.6M	$8.7M	75x	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	7.7230	+0.104%	—	$3.5M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7170	+0.026%	$579K	$1.5M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7060	−0.117%	$27K	$684K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7150	0.000%	$1K	$1.5M	20x	as long as short
BloFin ZEN-USDTlong	+0.0127%	8h	7.7150	long leg	$828K	$2.1M	75x
Hyperliquid ZEN	+0.0241%	1h	7.7433	+0.367%	$2.5M	$2.5M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.1341%	1h	7.7332	+0.235%	$491K	$1.2M	25x	as long as short