Funding arb · Price arb /

ZEN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.022%

Price spread now: Aster against dYdX−0.028%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 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

Funding pays, the price is against you. Aster is 0.028% cheaper against dYdX than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ZEN-USD	7.5667	0	get 0.0000% / 1h	28m 14s	$9K	—	5x
Short	Aster ZENUSDT	7.5646	0.0100	get 0.0100% / 8h	5h 28m	$35K	$383K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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

Position, each leg$Hold fordaysFee dYdXbpFee AsterbpOrdersPrice spread, now −0.028%Rate

Funding earned: $21
Price spread: −0.028% → 0.000%: −$2.8
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $0.2
Costs to cover: 0.180%
Break-even: 6.9 days

Slippage unknown: dYdX: no order-book sample; Aster: live order book, 17 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Aster live order book, 17 min ago	9.20 bp	22.0 bp −$22	doesn't fit	doesn't fit	doesn'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 exchanges

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
KuCoin ZENUSDTM	−0.0038%	8h	7.5720	+0.070%	$4.1M	$3.4M	50x	as long as short
ApeX Omni ZENUSDT	−0.0033%	1h	7.5580	−0.115%	$26K	$665K	50x	as long as short
dYdX ZEN-USDlong	0.0000%	1h	7.5667	long leg	$9K	—	5x
OKX ZEN-USDT-SWAP	+0.0079%	4h	7.5680	+0.017%	$2.2M	$4.8M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.5851	+0.243%	$2.4M	$1.0M	5x	as long as short
Aster ZENUSDTshort	+0.0100%	8h	7.5646	−0.028%	$35K	$383K	10x
Binance ZENUSDT	+0.0100%	8h	7.5674	+0.009%	$10.9M	$28.0M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.5670	+0.004%	$4.4M	$4.8M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.5710	+0.057%	$11.9M	$4.9M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.5660	−0.009%	$2.8M	$2.8M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0100%	8h	7.5720	+0.070%	—	$2.8M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.5537	−0.171%	$50K	$54K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.5483	−0.242%	$569K	$3.3M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.5750	+0.110%	$1K	$1.2M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.5651	−0.021%	$25K	$239K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.5540	−0.168%	$830K	$1.5M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.1161%	1h	7.5773	+0.141%	$487K	$604K	25x	as long as short