Funding arb · Price arb /

ASML

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.028%

Price spread now: Gate against Phoenix+0.083%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Gate

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 pays, funding is against you. Gate is 0.083% dearer against Phoenix than usual: you sell high and buy low (spread +0.083% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 48 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ASML	1,715.7	0.0140	pay 0.0017% / 1h	6m 50s	$828	$19K	10x
Short	Gate ASML_USDT	1,717.1	0	get 0.0000% / 8h	6m 50s	$1.1M	$695K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.083%Rate

Funding earned: −$29.4
Price spread: +0.083% → 0.000%: $8.33
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$43.06
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	4.02 bp	12.4 bp −$12	61.3 bp −$613	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	1,715.7	0.000%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,716.5	+0.046%	$880K	$126K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,718.3	+0.152%	$724K	$309K	20x	as long as short
Gate ASML_USDTshort	0.0000%	8h	1,717.1	+0.083%	$1.1M	$695K	50x
Bitget ASMLUSDT	0.0000%	8h	1,716.9	+0.067%	$1.0M	$504K	20x	as long as short
SunX ASML-USDT	0.0000%	8h	1,715.8	+0.005%	$1K	$1.2M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,715.8	+0.008%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,719.5	+0.221%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−0.786%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,715.5	−0.012%	$2.8M	$799K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ASMLUSDTM	+0.0100%	8h	1,715.2	−0.030%	$214K	$327K	10x	as long as short
Phoenix ASMLlong	+0.0140%	1h	1,715.7	long leg	$828	$19K	10x
Polymarket Perps ASML-USD	+0.0148%	1h	1,716.8	+0.064%	$79K	$436K	10x	as long as short
Extended ASML-USD	+0.0840%	1h	1,716.7	+0.056%	$4K	$237K	10x	as long as short
Binance ASMLUSDT	+0.0843%	8h	1,717.5	+0.106%	$3.6M	$3.1M	20x	as long as short
BloFin ASML-USDT	+0.0869%	8h	1,717	+0.073%	$46K	$101K	20x	as long as short
GRVT ASML_USDT_Perp	+0.0924%	8h	1,716.4	+0.039%	$309	$199K	10x	as long as short