Questions, answered plainly.

It runs bots that hold a long on one perp DEX and a short of the same size on another, in the same market. Price moves cancel out between the two legs (delta zero, Δ0). What's left is the difference in funding between the two DEXs, plus the trading volume, which many DEXs reward with points.

Perp DEXs keep their price near the spot price with funding: every hour (or every few hours) one side pays the other. Each DEX has its own traders, so its rate is different. When one DEX's longs are paid more, or pay less, than on another, a hedged pair earns the gap.

No. A hedge removes most price risk, not all of it. The real risks are:

• one leg fills and the other doesn't, or a DEX goes down while you're in a trade;
• a sharp move pushes one leg toward liquidation before it can be closed;
• funding turns against the position;
• fees and spreads cost more than the funding earned;
• a DEX itself fails or pauses withdrawals.

DZERO's guards exist for the first three (see Safety below). They reduce the risk; they can't remove it.

It means a market's longs and shorts across all your DEXs are the same size, so you are hedged. The bar on the Overview shows shorts growing left in violet and longs growing right in cyan. If one side is bigger, it tilts and turns amber.

DZERO is in an invite-only beta. You sign in with an EVM wallet that has been added to the beta; it only signs a message, with no transaction and no gas. Open sign-up comes once every user's data is fully separated.

Lighter (Robinhood chain), Arcus, Bulk, Entropy, RiseX, QFEX, Nado and Imperial (Phoenix). It also reads market data from a few others. A bot needs a trading key on at least two of them.

Enough margin on both DEXs for your size at your leverage, plus room for price moves. For example, $1,000 per side at 5x uses about $200 of margin on each DEX; keep more than that free. Some DEXs have a minimum order (Nado's is $100).

Before a bot's first trade on a DEX, it places a small limit order (about $10) that can't fill straight away, cancels it and checks the DEX agrees. You confirm this when you press Start live. It proves the key works before real money is at stake.

No. Your funds stay in your own account on each DEX. DZERO places orders for that account; it has no way to move funds to itself.

For each DEX, a trading key (an agent, session or API key, depending on the DEX) that you create and approve in your own wallet. It can place and cancel orders and set leverage. Your wallet's private key is never sent anywhere. The trading keys are stored encrypted on the DZERO server so bots can run while your browser is closed.

Accounts → your DEX → Manage → Remove key. You can also revoke it on the DEX itself. DZERO won't remove a key while a bot is in a trade on that DEX, so a hedge is never left half-managed. Stop the bot first.

Funding bot: two DEXs you choose; it enters the best market between them. Auto funding: you set the minimum profit and it picks the DEXs and market. Funding farm: it opens positions across all your DEXs on the highest-APR routes and keeps them while funding pays. It suits volume and points farming.

From the hourly scan of every market on every DEX, it takes routes that pass every check:

• each side has at least $500k of 24h volume or open interest, and one side has $1.5M or more, so the position is easy to close;
• both sides offer at least 10x leverage;
• the price spread and slippage are small;
• the market hasn't moved too fast in the last 5 to 15 minutes.

Then it re-checks everything with fresh data right before it enters.

A timed bot closes when its hold time ends. A bot set to hold “until better”, and every farm position, closes when funding has cost more than leaving would for two checks in a row, or when another route pays clearly more after the cost of switching. Any bot closes early if a guard says so.

Usually no route pays more than it costs right now, or the routes on your DEXs don't meet the liquidity rule. It can also be a fast-moving market, a DEX that isn't answering, or new entries being paused for an hour after several protective closes in a row. The bot card says which, in words.

Yes. The emergency stop (top of every page) blocks every new position immediately. Orders that close or reduce positions still go through.

The DEXs' own trading fees and the spread, paid on the way in and on the way out. Bots place limit orders first on both legs; the hedge only pays the taker fee if the price moves away from it. Each bot card shows its real cost per $1M of volume, worked out from the DEXs' fills.

Many DEXs reward volume and open interest with points, and hedged volume counts. Whether a DEX turns points into an airdrop is up to that DEX. DZERO can't promise one.

Every 30 seconds the exposure watchdog reads your positions on every DEX and checks each market is still hedged.

• After 60 seconds unhedged, you get a critical alert.
• After 3 minutes, it opens the opposite position on another healthy DEX.
• When the stuck DEX comes back, both are closed.

A DEX that doesn't answer is never acted on blindly.

The margin guard checks every open position every 10 seconds. If one leg has moved 60% of the way to its liquidation price (6% at 10x, 12% at 5x), both legs are closed. The bot re-enters later with fresh margin. The lost-leg guard closes the other side within seconds if one leg shrinks or disappears.

Yes. In Settings → Phone alerts → Connect Telegram, tap Start in the chat that opens. Critical alerts arrive there, and /status shows what's open. The Telegram bot is read-only: nothing sent in chat can trade or move funds.