Funding arb · Price arb /

ZEN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.022%

Price spread now: dYdX against Aster−0.093%7-day average — · you buy dearer than you sell

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 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.093% cheaper against Aster than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZENUSDT	7.6474	0.0100	pay 0.0100% / 8h	2h 35m	$43K	$387K	10x
Short	dYdX ZEN-USD	7.6403	0	get 0.0000% / 1h	35m 19s	$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 −0.093%Rate

Funding earned: −$21
Price spread: −0.093% → 0.000%: −$9.3
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$48.3
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 12 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, 12 min ago	6.57 bp	25.6 bp −$26	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
dYdX ZEN-USDshort	0.0000%	1h	7.6403	−0.093%	$9K	—	5x
KuCoin ZENUSDTM	+0.0075%	8h	7.6370	−0.136%	$4.0M	$4.1M	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0079%	4h	7.6390	−0.110%	$2.2M	$5.2M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6531	+0.075%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDTlong	+0.0100%	8h	7.6474	long leg	$43K	$387K	10x
Binance ZENUSDT	+0.0100%	8h	7.6453	−0.027%	$11.0M	$29.8M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6410	−0.084%	$4.5M	$5.7M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6430	−0.057%	$11.6M	$4.9M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6380	−0.123%	$2.8M	$3.1M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6360	−0.149%	—	$3.1M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEN	+0.0100%	8h	7.6178	−0.387%	$54K	$89K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6153	−0.419%	$576K	$2.4M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6100	−0.489%	$26K	$680K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6450	−0.031%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6383	−0.119%	$22K	$134K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.6360	−0.149%	$828K	$1.6M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.3095%	1h	7.6638	+0.214%	$490K	$1.0M	25x	as long as short