Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.079%

Price spread now: Binance against Lighter−0.074%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Binance is 0.074% cheaper against Lighter than usual: you would sell low and buy high (spread −0.074% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 41 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.069% in total) that is about 7.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASML	1,721.6	0.0032	pay 0.0004% / 1h	56m 19s	$57K	$3K	10x
Short	Binance ASMLUSDT	1,720.3	0.0176	get 0.0176% / 8h	3h 56m	$3.3M	$3.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now −0.074%Rate

Funding earned: $30.3
Price spread: −0.074% → 0.000%: −$7.38
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $12.92
Costs to cover: 0.100%
Break-even: 4.0 days

Slippage unknown: Lighter: no order-book sample; Binance: live order book, 10 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 Lighter no order-book sample	—	—	—	—	—
Sell Binance live order book, 10 min ago	3.28 bp	14.2 bp −$14	44.9 bp −$449	doesn't fit	doesn't fit

Lighter: 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	1,719.6	−0.118%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,719.7	−0.108%	$871K	$127K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,722.2	+0.035%	$728K	$293K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,720.1	−0.086%	$1.1M	$539K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,720.4	−0.069%	$986K	$514K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,720.6	−0.061%	$310	$179K	10x	as long as short
SunX ASML-USDT	0.0000%	8h	1,718.8	−0.160%	$1K	$1.1M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,718.3	−0.192%	$11K	$59K	20x	as long as short
Lighter ASMLlong	+0.0032%	1h	1,721.6	long leg	$57K	$3K	10x
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−1.126%	$11K	$37K	12x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ASML	+0.0050%	1h	1,718.1	−0.203%	$2.8M	$835K	10x	as long as short
Polymarket Perps ASML-USD	+0.0050%	1h	1,719.5	−0.122%	$67K	$447K	10x	as long as short
Phoenix ASML	+0.0093%	1h	1,719.9	−0.099%	$823	$19K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,718.9	−0.157%	$216K	$305K	10x	as long as short
Extended ASML-USD	+0.0176%	1h	1,719.6	−0.118%	$4K	$338K	10x	as long as short
Binance ASMLUSDTshort	+0.0176%	8h	1,720.3	−0.074%	$3.3M	$3.5M	20x
BloFin ASML-USDT	+0.0197%	8h	1,720.7	−0.053%	$47K	$91K	20x	as long as short