Funding arb · Price arb /

ASML

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0141%/8h= +15.4% APRpaid last 24h −0.057%

Price spread now: Phoenix against Binance−0.173%7-day average — · you buy dearer than you sell

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

Long on Binance 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—needs both histories

Funding pays, the price is against you. Phoenix is 0.173% cheaper against Binance than usual: you would sell low and buy high (spread −0.173% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 4.1 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ASMLUSDT	1,707.3	0	get 0.0000% / 8h	2h 19m	$3.2M	$3.7M	20x
Short	Phoenix ASML	1,704.3	0.0141	get 0.0018% / 1h	19m 36s	$818	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Binance. 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 BinancebpFee PhoenixbpOrdersPrice spread, now −0.173%Rate

Funding earned: $29.55
Price spread: −0.173% → 0.000%: −$17.34
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$4.78
Costs to cover: 0.170%
Break-even: 8.1 days

Slippage unknown: Binance: live order book, 2 min ago; 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 Binance live order book, 2 min ago	3.02 bp	15.6 bp −$16	44.0 bp −$440	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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 ASMLUSDT	0.0000%	8h	1,707.1	−0.010%	$14K	$12K	20x	as long as short
Extended ASML-USD	0.0000%	1h	1,706.8	−0.029%	$4K	$240K	10x	as long as short
Binance ASMLUSDTlong	0.0000%	8h	1,707.3	long leg	$3.2M	$3.7M	20x
Bybit ASMLUSDT	0.0000%	8h	1,706.6	−0.038%	$865K	$136K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,703.7	−0.209%	$723K	$313K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,706.8	−0.030%	$1.1M	$549K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,706	−0.074%	$980K	$531K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,705.7	−0.092%	$324	$176K	10x	as long as short
SunX ASML-USDT	0.0000%	8h	1,706.1	−0.067%	$938	$1.1M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,703.8	−0.200%	$10K	$62K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ASML-USDT	+0.0004%	8h	1,706.6	−0.038%	$47K	$92K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,708.2	+0.055%	$56K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−0.295%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,704.5	−0.162%	$2.8M	$831K	10x	as long as short
Polymarket Perps ASML-USD	+0.0050%	1h	1,706.1	−0.068%	$67K	$448K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,705.1	−0.128%	$215K	$296K	10x	as long as short
Phoenix ASMLshort	+0.0141%	1h	1,704.3	−0.173%	$818	$19K	10x