Funding arb · Price arb /

ZEN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.022%

Price spread now: Aster against dYdX−0.022%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 0.022% cheaper against dYdX than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 18 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	7.7389	0	get 0.0000% / 1h	30m 32s	$9K	—	5x
Short	Aster ZENUSDT	7.7372	0.0100	get 0.0100% / 8h	1h 30m	$44K	$393K	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 −0.022%Rate

Funding earned: $21
Price spread: −0.022% → 0.000%: −$2.2
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $0.8
Costs to cover: 0.180%
Break-even: 6.7 days

Slippage unknown: dYdX: no order-book sample; Aster: live order book, 12 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, 12 min ago	7.77 bp	24.3 bp −$24	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 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-USDlong	0.0000%	1h	7.7389	long leg	$9K	—	5x
KuCoin ZENUSDTM	+0.0050%	8h	7.7340	−0.063%	$4.1M	$4.0M	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0073%	4h	7.7320	−0.089%	$2.3M	$5.4M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7529	+0.181%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDTshort	+0.0100%	8h	7.7372	−0.022%	$44K	$393K	10x
Binance ZENUSDT	+0.0100%	8h	7.7347	−0.054%	$11.1M	$30.2M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7300	−0.115%	$4.5M	$5.6M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7350	−0.050%	$12.4M	$5.0M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7290	−0.128%	$2.9M	$3.1M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7360	−0.037%	—	$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	7.7171	−0.281%	$55K	$83K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7142	−0.318%	$578K	$2.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7180	−0.270%	$27K	$674K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7260	−0.166%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7330	−0.076%	$22K	$133K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7180	−0.270%	$838K	$1.6M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.2845%	1h	7.7489	+0.130%	$495K	$1.0M	25x	as long as short