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

ZEN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: dYdX against Bitget−0.028%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 feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.028% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZENUSDT7.74200.0100pay 0.0100% / 8h7h 46m$2.9M$3.0M50x
ShortdYdX ZEN-USD7.73980get 0.0000% / 1h46m 46s$9K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Bitget. 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
Price spread: −0.028% → 0.000%
−$2.79
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$45.79
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago5.17 bp20.9 bp −$2134.1 bp −$341doesn'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%1h7.7398−0.028%$9K5x
KuCoin ZENUSDTM+0.0021%8h7.7480+0.077%$4.1M$3.8M50xas long as short
Aster ZENUSDT+0.0100%8h7.7385−0.046%$42K$392K10xas long as short
Binance ZENUSDT+0.0100%8h7.7320−0.129%$11.1M$29.7M75xas long as short
Bybit ZENUSDT+0.0100%8h7.7330−0.116%$4.5M$5.5M75xas long as short
OKX ZEN-USDT-SWAP+0.0100%4h7.7290−0.168%$2.3M$5.3M50xas long as short
MEXC ZEN_USDT+0.0100%8h7.7340−0.103%$12.3M$4.9M200xas long as short
Bitget ZENUSDTlong+0.0100%8h7.7420long leg$2.9M$3.0M50x
BingX ZEN-USDT+0.0100%8h7.7370−0.065%$2.9Mas long as short
Variational Omni ZEN+0.0100%8h7.7362−0.075%$55K$69Kas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.7354−0.085%$583K$2.9M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.7400−0.026%$27K$668K50xas long as short
SunX ZEN-USDT+0.0100%8h7.7530+0.142%$2K$1.3M20xas long as short
Extended ZEN-USD+0.0104%1h7.7362−0.075%$22K$234K5xas long as short
BloFin ZEN-USDT+0.0220%8h7.7490+0.090%$840K$1.6M75xas long as short
Hyperliquid ZEN+0.0275%1h7.7515+0.123%$2.4M$1.3M5xas long as short
Kraken Futures PF_ZENUSD+0.1696%1h7.7514+0.121%$497K$752K25xas long as short