Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: KuCoin against Injective+0.341%7-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 KuCoin

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 +$2 a day on $10k at the current rate, and KuCoin is 0.341% dearer against Injective than usual: you sell high and buy low: +$34 more if the spread goes back to zero (this spread has no 7-day history yet).

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	51m 18s	$11K	$37K	12x
Short	KuCoin ASMLUSDTM	1,708	0.0100	get 0.0100% / 8h	2h 51m	$215K	$301K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.341%Rate

Funding earned: $14
Price spread: +0.341% → 0.000%: $34.13
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $36.11
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	18.94 bp	doesn't fit	doesn't fit	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 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	1,709.6	+0.435%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,708.1	+0.348%	$864K	$135K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,710.5	+0.486%	$726K	$304K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,711	+0.516%	$1.1M	$542K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,710.3	+0.473%	$977K	$526K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,707.5	+0.309%	$324	$176K	10x	as long as short
SunX ASML-USDT	0.0000%	8h	1,710.9	+0.509%	$1K	$1.1M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,709.6	+0.434%	$10K	$62K	20x	as long as short
Extended ASML-USD	+0.0008%	1h	1,711	+0.518%	$5K	$239K	10x	as long as short
Binance ASMLUSDT	+0.0009%	8h	1,711.5	+0.546%	$3.2M	$3.6M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ASML	+0.0032%	1h	1,710.2	+0.469%	$56K	$3K	10x	as long as short
Injective ASML/USDC PERPlong	+0.0033%	1h	1,702.2	long leg	$11K	$37K	12x
BloFin ASML-USDT	+0.0036%	8h	1,707.9	+0.334%	$47K	$91K	20x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,709.5	+0.428%	$2.8M	$845K	10x	as long as short
Polymarket Perps ASML-USD	+0.0050%	1h	1,710.6	+0.492%	$67K	$448K	10x	as long as short
KuCoin ASMLUSDTMshort	+0.0100%	8h	1,708	+0.341%	$215K	$301K	10x
Phoenix ASML	+0.0141%	1h	1,706.3	+0.240%	$817	$19K	10x	as long as short