Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: tradeXYZ against Aster−0.115%7-day average — · you buy dearer than you sell

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

Long on Aster Short on tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.115% cheaper against Aster than usual: you would sell low and buy high (spread −0.115% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 7.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ASMLUSDT	1,724.2	0	get 0.0000% / 8h	4h 17m	$14K	$12K	20x
Short	tradeXYZ xyz:ASML	1,722.2	0.0050	get 0.0006% / 1h	17m 19s	$2.8M	$830K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.115%Rate

Funding earned: $10.5
Price spread: −0.115% → 0.000%: −$11.46
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$26.96
Costs to cover: 0.260%
Break-even: 25.0 days

Slippage unknown: Aster: no order-book sample; tradeXYZ: live order book, 10 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 Aster no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 10 min ago	2.32 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit

Aster: 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	1,724.2	long leg	$14K	$12K	20x
Bybit ASMLUSDT	0.0000%	8h	1,722.4	−0.102%	$872K	$126K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,724.9	+0.042%	$729K	$294K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,724.1	−0.003%	$1.1M	$545K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,723.9	−0.014%	$988K	$514K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,725.1	+0.051%	$328	$180K	10x	as long as short
SunX ASML-USDT	0.0000%	8h	1,722.9	−0.076%	$985	$1.1M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,727.3	+0.179%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,725.4	+0.071%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−1.273%	$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:ASMLshort	+0.0050%	1h	1,722.2	−0.115%	$2.8M	$830K	10x
Phoenix ASML	+0.0093%	1h	1,723.6	−0.033%	$830	$18K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,723.4	−0.046%	$217K	$309K	10x	as long as short
Polymarket Perps ASML-USD	+0.0143%	1h	1,724.2	+0.001%	$68K	$447K	10x	as long as short
BloFin ASML-USDT	+0.0232%	8h	1,725.6	+0.081%	$47K	$92K	20x	as long as short
Binance ASMLUSDT	+0.0247%	8h	1,723.5	−0.038%	$3.3M	$3.5M	20x	as long as short
Extended ASML-USD	+0.0248%	1h	1,723.4	−0.047%	$7K	$341K	10x	as long as short