Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.030%

Price spread now: Phoenix against Aster+0.048%85s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.048% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ASMLUSDT	1,721.4	0	get 0.0000% / 8h	5h 44m	$14K	$12K	20x
Short	Phoenix ASML	1,722.2	0.0093	get 0.0012% / 1h	44m 00s	$824	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aster. 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 AsterbpFee PhoenixbpOrdersPrice spread, now +0.048%Rate

Funding earned: $19.53
Price spread: +0.048% → 0.000%: $4.78
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $9.31
Costs to cover: 0.150%
Break-even: 3.7 days

Slippage unknown: Aster: no order-book sample; Phoenix: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Aster and Phoenix: 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.

ASML 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
Aster ASMLUSDTlong	0.0000%	8h	1,721.4	long leg	$14K	$12K	20x
Bybit ASMLUSDT	0.0000%	8h	1,721.2	−0.012%	$871K	$126K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,723.5	+0.123%	$729K	$295K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,722.1	+0.043%	$1.1M	$597K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,721.5	+0.005%	$984K	$534K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,721.9	+0.028%	$379	$183K	10x	as long as short
SunX ASML-USDT	0.0000%	8h	1,720.8	−0.034%	$1K	$1.1M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,724.3	+0.172%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,723.9	+0.147%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−1.113%	$11K	$37K	12x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ASML	+0.0050%	1h	1,721.8	+0.025%	$2.8M	$786K	10x	as long as short
Polymarket Perps ASML-USD	+0.0050%	1h	1,722.5	+0.065%	$68K	$447K	10x	as long as short
Phoenix ASMLshort	+0.0093%	1h	1,722.2	+0.048%	$824	$17K	10x
KuCoin ASMLUSDTM	+0.0100%	8h	1,719.8	−0.092%	$216K	$314K	10x	as long as short
Extended ASML-USD	+0.0456%	1h	1,721.8	+0.027%	$4K	$335K	10x	as long as short
Binance ASMLUSDT	+0.0457%	8h	1,722.4	+0.062%	$3.3M	$3.5M	20x	as long as short
BloFin ASML-USDT	+0.0477%	8h	1,722.4	+0.061%	$47K	$102K	20x	as long as short