Funding arb · Price arb /

ASML

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.028%

Price spread now: Phoenix against Gate−0.083%7-day average — · you buy dearer than you sell

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

Long on Gate 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 0.083% cheaper against Gate than usual: you would sell low and buy high (spread −0.083% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 48 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ASML_USDT	1,717.1	0	get 0.0000% / 8h	6m 43s	$1.1M	$695K	50x
Short	Phoenix ASML	1,715.7	0.0140	get 0.0017% / 1h	6m 43s	$828	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Gate. 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 GatebpFee PhoenixbpOrdersPrice spread, now −0.083%Rate

Funding earned: $29.4
Price spread: −0.083% → 0.000%: −$8.33
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$0.93
Costs to cover: 0.220%
Break-even: 7.2 days

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	4.02 bp	34.7 bp −$35	75.8 bp −$758	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	1,716.1	−0.060%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,716.8	−0.020%	$880K	$126K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,718.3	+0.068%	$724K	$309K	20x	as long as short
Gate ASML_USDTlong	0.0000%	8h	1,717.1	long leg	$1.1M	$695K	50x
Bitget ASMLUSDT	0.0000%	8h	1,717.4	+0.018%	$1.0M	$504K	20x	as long as short
SunX ASML-USDT	0.0000%	8h	1,715.8	−0.079%	$1K	$1.2M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,715.8	−0.075%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,720.3	+0.185%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−0.868%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,716.3	−0.048%	$2.8M	$799K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ASMLUSDTM	+0.0100%	8h	1,715.6	−0.087%	$214K	$327K	10x	as long as short
Phoenix ASMLshort	+0.0140%	1h	1,715.7	−0.083%	$828	$19K	10x
Polymarket Perps ASML-USD	+0.0148%	1h	1,716.8	−0.019%	$79K	$436K	10x	as long as short
Extended ASML-USD	+0.0840%	1h	1,716.7	−0.028%	$4K	$237K	10x	as long as short
Binance ASMLUSDT	+0.0845%	8h	1,717.6	+0.029%	$3.6M	$3.1M	20x	as long as short
BloFin ASML-USDT	+0.0869%	8h	1,717	−0.010%	$46K	$101K	20x	as long as short
GRVT ASML_USDT_Perp	+0.0924%	8h	1,716.4	−0.044%	$309	$199K	10x	as long as short