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+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.018%
Price spread now: Extended against dYdX+0.042%7-day average · you sell dearer than you buy
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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.042% dearer against dYdX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ZEN-USD7.65590get 0.0000% / 1h29m 40s$9K5x
ShortExtended ZEN-USD7.65910.0104get 0.0013% / 1h29m 40s$24K$236K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$21.84
Price spread: +0.042% → 0.000%
$4.21
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$11.05
Costs to cover
0.150%
Break-even
3.5 days
Slippage unknown: dYdX: no order-book sample; Extended: live order book, 2 min ago. 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 dYdX no order-book sample
Sell Extended live order book, 2 min ago2.54 bp18.3 bp −$18142.6 bp −$1,426doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ZEN-USDlong0.0000%1h7.6559long leg$9K5x
KuCoin ZENUSDTM+0.0015%8h7.6600+0.054%$4.1M$3.8M50xas long as short
Aster ZENUSDT+0.0100%8h7.6641+0.108%$43K$394K10xas long as short
Binance ZENUSDT+0.0100%8h7.6611+0.069%$11.0M$29.7M75xas long as short
Bybit ZENUSDT+0.0100%8h7.6540−0.025%$4.5M$5.5M75xas long as short
OKX ZEN-USDT-SWAP+0.0100%4h7.6550−0.012%$2.3M$5.3M50xas long as short
MEXC ZEN_USDT+0.0100%8h7.6620+0.080%$12.0M$5.0M200xas long as short
Bitget ZENUSDT+0.0100%8h7.6580+0.028%$2.8M$3.0M50xas long as short
BingX ZEN-USDT+0.0100%8h7.6530−0.038%$2.9Mas long as short
Variational Omni ZEN+0.0100%8h7.6652+0.122%$54K$60Kas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.6930+0.485%$578K$2.9M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.6790+0.302%$27K$666K50xas long as short
SunX ZEN-USDT+0.0100%8h7.6580+0.028%$2K$1.3M20xas long as short
Extended ZEN-USDshort+0.0104%1h7.6591+0.042%$24K$236K5x
Hyperliquid ZEN+0.0175%1h7.6759+0.261%$2.4M$1.3M5xas long as short
BloFin ZEN-USDT+0.0220%8h7.6550−0.012%$835K$1.6M75xas long as short
Kraken Futures PF_ZENUSD+0.1715%1h7.6656+0.127%$492K$751K25xas long as short