Funding arb · Price arb /

ASML

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0589%/8h= +64.5% APRpaid last 24h +0.078%

Price spread now: Binance against Injective+1.126%87s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Binance is 1.126% dearer against Injective than usual: you sell high and buy low: +$113 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 87 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	Injective ASML/USDC PERP	1,702.2	0.0033	pay 0.0004% / 1h	27m 46s	$11K	$37K	12x
Short	Binance ASMLUSDT	1,721.4	0.0623	get 0.0623% / 8h	6h 27m	$3.3M	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now +1.126%Rate

Funding earned: $123.77
Price spread: +1.126% → 0.000%: $112.56
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $226.31
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Binance: live order book, 8 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 8 min ago	0.03 bp	10.5 bp −$11	57.2 bp −$572	doesn't fit	doesn't fit

Injective: 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 16 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	1,721.5	+1.135%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,720.7	+1.087%	$871K	$127K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,722.4	+1.186%	$729K	$299K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,721.9	+1.156%	$1.1M	$690K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,722.2	+1.171%	$985K	$534K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,719.6	+1.022%	$310	$188K	10x	as long as short
SunX ASML-USDT	0.0000%	8h	1,720.2	+1.053%	$731	$1.2M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,719.8	+1.035%	$11K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,722.9	+1.215%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERPlong	+0.0033%	1h	1,702.2	long leg	$11K	$37K	12x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ASML	+0.0046%	1h	1,720.3	+1.062%	$827	$19K	10x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,721.1	+1.109%	$2.8M	$790K	10x	as long as short
Polymarket Perps ASML-USD	+0.0050%	1h	1,721.3	+1.121%	$67K	$447K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,718.8	+0.973%	$216K	$320K	10x	as long as short
Binance ASMLUSDTshort	+0.0623%	8h	1,721.4	+1.126%	$3.3M	$3.6M	20x
Extended ASML-USD	+0.0624%	1h	1,720.9	+1.100%	$6K	$342K	10x	as long as short