Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0046%/8h= +5.1% APRpaid last 24h +0.031%

Price spread now: Phoenix against OKX−0.076%96s7-day average — · you buy dearer than you sell

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

Long on OKX 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 0.076% cheaper against OKX than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 5.4 days of funding at the current rate (+$1 a day). The two prices were read 96 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	OKX ASML-USDT-SWAP	1,721.6	0	get 0.0000% / 8h	6h 23m	$728K	$299K	20x
Short	Phoenix ASML	1,720.3	0.0046	get 0.0006% / 1h	23m 54s	$827	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against OKX. 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 OKXbpFee PhoenixbpOrdersPrice spread, now −0.076%Rate

Funding earned: $9.73
Price spread: −0.076% → 0.000%: −$7.55
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$14.82
Costs to cover: 0.170%
Break-even: 17.7 days

Slippage unknown: OKX: live order book, 42 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 OKX live order book, 42 min ago	4.05 bp	23.8 bp −$24	142.9 bp −$1,429	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 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	1,722.5	+0.051%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,721.4	−0.014%	$872K	$127K	25x	as long as short
OKX ASML-USDT-SWAPlong	0.0000%	8h	1,721.6	long leg	$728K	$299K	20x
Gate ASML_USDT	0.0000%	8h	1,722.4	+0.044%	$1.1M	$693K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,722.1	+0.029%	$985K	$534K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,721.4	−0.009%	$310	$188K	10x	as long as short
SunX ASML-USDT	0.0000%	8h	1,721	−0.037%	$1K	$1.2M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,723.4	+0.106%	$11K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,724.2	+0.151%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−1.126%	$11K	$37K	12x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ASMLshort	+0.0046%	1h	1,720.3	−0.076%	$827	$19K	10x
tradeXYZ xyz:ASML	+0.0050%	1h	1,721.6	0.000%	$2.8M	$791K	10x	as long as short
Polymarket Perps ASML-USD	+0.0050%	1h	1,722.4	+0.046%	$68K	$447K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,719.5	−0.123%	$216K	$319K	10x	as long as short
Binance ASMLUSDT	+0.0607%	8h	1,722.2	+0.035%	$3.3M	$3.6M	20x	as long as short
Extended ASML-USD	+0.0608%	1h	1,722	+0.023%	$4K	$345K	10x	as long as short