Funding arb · Price arb /

ASML

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0040%/8h= +4.3% APRpaid last 24h 0.000%

Price spread now: Phoenix against KuCoin−0.135%78s7-day average — · you buy dearer than you sell

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

Long on KuCoin 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 0.135% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.135% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 11 days of funding at the current rate (+$1 a day). The two prices were read 78 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	KuCoin ASMLUSDTM	1,722.8	0.0100	pay 0.0100% / 8h	7h 35m	$217K	$330K	10x
Short	Phoenix ASML	1,720.5	0.0140	get 0.0017% / 1h	35m 59s	$825	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against KuCoin. 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 KuCoinbpFee PhoenixbpOrdersPrice spread, now −0.135%Rate

Funding earned: $8.34
Price spread: −0.135% → 0.000%: −$13.52
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$24.19
Costs to cover: 0.190%
Break-even: 27.3 days

Slippage unknown: KuCoin: live order book, 15 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 KuCoin live order book, 15 min ago	9.36 bp	doesn't fit	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	1,725	+0.128%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,724.6	+0.104%	$886K	$127K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,725	+0.126%	$729K	$312K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,724.6	+0.100%	$1.1M	$690K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,724.1	+0.071%	$1.0M	$503K	20x	as long as short
SunX ASML-USDT	0.0000%	8h	1,724	+0.070%	$826	$1.2M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,726.7	+0.223%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,727	+0.242%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−1.196%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,724.5	+0.097%	$2.8M	$792K	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	+0.0067%	1h	1,725.4	+0.149%	$69K	$446K	10x	as long as short
KuCoin ASMLUSDTMlong	+0.0100%	8h	1,722.8	long leg	$217K	$330K	10x
Phoenix ASMLshort	+0.0140%	1h	1,720.5	−0.135%	$825	$19K	10x
GRVT ASML_USDT_Perp	+0.0297%	8h	1,723.1	+0.016%	$327	$195K	10x	as long as short
BloFin ASML-USDT	+0.0799%	8h	1,723.3	+0.028%	$46K	$101K	20x	as long as short
Binance ASMLUSDT	+0.0822%	8h	1,725.4	+0.150%	$3.6M	$3.1M	20x	as long as short
Extended ASML-USD	+0.0824%	1h	1,725.1	+0.131%	$9K	$322K	10x	as long as short