ZEN arbitrage between HyperLiquid and Astar DEX: we compare the price of ZEN on HyperLiquid (futures) and Astar DEX (futures) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

Open interest in ZEN right now — $14.5M: Binance $5.2M, KuCoin $3.6M, BingX $2.1M, Bybit $1.6M, Bitget $1.2M. See OI ZEN.

About ZEN arbitrage

How do I read the ZEN spread?

The spread is how many percent higher ZEN trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and Astar DEX. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get ZEN alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.