Funding arb · Price arb /

ASML

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0499%/8h= −54.6% APRpaid last 24h +0.025%

Price spread now: Phoenix against GRVT−0.036%7-day average — · you buy dearer than you sell

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

Long on GRVT 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 airdropGRVT: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Phoenix is 0.036% cheaper against GRVT than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ASML_USDT_Perp	1,713.9	0.0639	pay 0.0639% / 8h	2h 32m	$806	$208K	10x
Short	Phoenix ASML	1,713.3	0.0140	get 0.0018% / 1h	32m 02s	$819	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against GRVT. 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 GRVTbpFee PhoenixbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$104.72
Price spread: −0.036% → 0.000%: −$3.55
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$124.28
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 55 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 GRVT live order book, 55 min ago	2.31 bp	6.8 bp −$7	doesn't fit	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	1,713.4	−0.031%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,713.8	−0.005%	$879K	$129K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,714.1	+0.011%	$721K	$320K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,714.4	+0.029%	$1.1M	$710K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,713.5	−0.025%	$1.0M	$578K	20x	as long as short
SunX ASML-USDT	0.0000%	8h	1,714.4	+0.027%	$1K	$1.3M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,713.1	−0.045%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,717.4	+0.204%	$57K	$4K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−0.682%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,713.7	−0.012%	$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	1,714.6	+0.040%	$88K	$426K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,712.4	−0.089%	$214K	$335K	10x	as long as short
Phoenix ASMLshort	+0.0140%	1h	1,713.3	−0.036%	$819	$18K	10x
BloFin ASML-USDT	+0.0364%	8h	1,714	+0.007%	$46K	$103K	20x	as long as short
Binance ASMLUSDT	+0.0392%	8h	1,714.5	+0.034%	$3.5M	$3.2M	20x	as long as short
Extended ASML-USD	+0.0392%	1h	1,714.3	+0.023%	$4K	$237K	10x	as long as short
GRVT ASML_USDT_Perplong	+0.0639%	8h	1,713.9	long leg	$806	$208K	10x