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

ZEN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0104%/8h= −11.4% APRnext payment $0.13 per $10,000 · paid last 24h −0.018%
Price spread now: dYdX against Extended−0.154%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 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.154% cheaper against Extended than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ZEN-USD7.64440.0104pay 0.0013% / 1h48m 32s$22K$136K5x
ShortdYdX ZEN-USD7.63260get 0.0000% / 1h48m 32s$9K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Extended. 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
−$21.84
Price spread: −0.154% → 0.000%
−$15.38
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$52.22
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 62 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 62 min ago2.29 bp19.3 bp −$19165.2 bp −$1,652doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ZEN-USDshort0.0000%1h7.6326−0.154%$9K5x
KuCoin ZENUSDTM+0.0056%8h7.6450+0.008%$4.0M$4.2M50xas long as short
OKX ZEN-USDT-SWAP+0.0066%4h7.6450+0.008%$2.2M$5.2M50xas long as short
Hyperliquid ZEN+0.0100%1h7.6608+0.215%$2.4M$1.3M5xas long as short
Aster ZENUSDT+0.0100%8h7.6432−0.015%$43K$387K10xas long as short
Binance ZENUSDT+0.0100%8h7.6432−0.016%$10.9M$29.8M75xas long as short
Bybit ZENUSDT+0.0100%8h7.6420−0.031%$4.5M$5.7M75xas long as short
MEXC ZEN_USDT+0.0100%8h7.6440−0.005%$11.5M$4.9M200xas long as short
Bitget ZENUSDT+0.0100%8h7.6380−0.084%$2.8M$3.1M50xas long as short
BingX ZEN-USDT+0.0100%8h7.6410−0.044%$3.1Mas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZEN+0.0100%8h7.6477+0.043%$55K$89Kas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.6507+0.082%$575K$2.3M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.6490+0.060%$26K$679K50xas long as short
SunX ZEN-USDT+0.0100%8h7.6500+0.073%$1K$1.3M20xas long as short
Extended ZEN-USDlong+0.0104%1h7.6444long leg$22K$136K5x
BloFin ZEN-USDT+0.0220%8h7.6470+0.034%$831K$1.6M75xas long as short
Kraken Futures PF_ZENUSD+0.3094%1h7.6656+0.277%$494K$1.0M25xas long as short