Funding arb · Price arb /

ASML

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0140%/8h= +15.4% APRpaid last 24h +0.025%

Price spread now: Phoenix against Bitget−0.121%99s7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.121% cheaper against Bitget than usual: you would sell low and buy high (spread −0.121% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 2.9 days of funding at the current rate (+$4 a day). The two prices were read 99 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	Bitget ASMLUSDT	1,713.3	0	get 0.0000% / 8h	2h 37m	$1.0M	$578K	20x
Short	Phoenix ASML	1,711.2	0.0140	get 0.0018% / 1h	37m 48s	$820	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bitget. 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 BitgetbpFee PhoenixbpOrdersPrice spread, now −0.121%Rate

Funding earned: $29.47
Price spread: −0.121% → 0.000%: −$12.08
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$1.62
Costs to cover: 0.190%
Break-even: 7.4 days

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	2.02 bp	17.8 bp −$18	42.0 bp −$420	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	1,711.8	−0.088%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,713.6	+0.016%	$878K	$130K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,714.1	+0.048%	$721K	$320K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,714.5	+0.069%	$1.1M	$710K	50x	as long as short
Bitget ASMLUSDTlong	0.0000%	8h	1,713.3	long leg	$1.0M	$578K	20x
SunX ASML-USDT	0.0000%	8h	1,714.6	+0.078%	$933	$1.3M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,715.2	+0.111%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,717.2	+0.229%	$57K	$4K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−0.645%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,713.5	+0.013%	$2.8M	$850K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ASML-USD	+0.0050%	1h	1,714.3	+0.060%	$88K	$426K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,712.8	−0.028%	$213K	$335K	10x	as long as short
Phoenix ASMLshort	+0.0140%	1h	1,711.2	−0.121%	$820	$18K	10x
Binance ASMLUSDT	+0.0383%	8h	1,714.3	+0.061%	$3.5M	$3.2M	20x	as long as short
Extended ASML-USD	+0.0384%	1h	1,714.1	+0.050%	$4K	$237K	10x	as long as short
BloFin ASML-USDT	+0.0406%	8h	1,713.5	+0.012%	$46K	$103K	20x	as long as short
GRVT ASML_USDT_Perp	+0.0634%	8h	1,711.6	−0.100%	$804	$208K	10x	as long as short