Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0602%/8h= +65.9% APRpaid last 24h +0.058%

Price spread now: BloFin against Phoenix−0.012%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on BloFin

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$18 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ASML	1,726.2	0.0140	pay 0.0017% / 1h	9m 15s	$830	$19K	10x
Short	BloFin ASML-USDT	1,726	0.0742	get 0.0742% / 8h	7h 09m	$46K	$102K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phoenix. 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 PhoenixbpFee BloFinbpOrdersPrice spread, now −0.012%Rate

Funding earned: $126.42
Price spread: −0.012% → 0.000%: −$1.22
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $106.21
Costs to cover: 0.190%
Break-even: 1.1 days

Slippage unknown: Phoenix: no order-book sample; BloFin: live order book, 45 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 Phoenix no order-book sample	—	—	—	—	—
Sell BloFin live order book, 45 min ago	0.17 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit

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	1,726.5	+0.019%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,726.3	+0.005%	$887K	$126K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,726.9	+0.041%	$729K	$305K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,726	−0.010%	$1.1M	$702K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,726.1	−0.004%	$1.0M	$502K	20x	as long as short
SunX ASML-USDT	0.0000%	8h	1,725.5	−0.042%	$1K	$1.2M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,728	+0.101%	$11K	$59K	20x	as long as short
GRVT ASML_USDT_Perp	+0.0001%	8h	1,725.9	−0.017%	$380	$192K	10x	as long as short
Lighter ASML	+0.0032%	1h	1,727.7	+0.087%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−1.389%	$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	1,726.1	−0.006%	$2.8M	$768K	10x	as long as short
Polymarket Perps ASML-USD	+0.0050%	1h	1,727	+0.046%	$69K	$446K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,723.8	−0.138%	$217K	$326K	10x	as long as short
Phoenix ASMLlong	+0.0140%	1h	1,726.2	long leg	$830	$19K	10x
Extended ASML-USD	+0.0736%	1h	1,726.5	+0.016%	$4K	$344K	10x	as long as short
Binance ASMLUSDT	+0.0738%	8h	1,727.2	+0.060%	$3.6M	$3.2M	20x	as long as short
BloFin ASML-USDTshort	+0.0742%	8h	1,726	−0.012%	$46K	$102K	20x