Funding arb · Price arb /

ASML

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h +0.082%

Price spread now: GRVT against Phoenix+0.180%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 GRVT

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.180% dearer against Phoenix than usual: you sell high and buy low (spread +0.180% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ASML	1,720.2	0.0093	pay 0.0012% / 1h	58m 13s	$823	$18K	10x
Short	GRVT ASML_USDT_Perp	1,723.3	0	get 0.0000% / 8h	3h 58m	$327	$179K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.180%Rate

Funding earned: −$19.5
Price spread: +0.180% → 0.000%: $18.03
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$17.47
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; GRVT: live order book, 55 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 GRVT live order book, 55 min ago	2.35 bp	10.1 bp −$10	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	1,719.6	−0.036%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,719.3	−0.053%	$870K	$127K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,722.2	+0.116%	$728K	$293K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,720.2	−0.002%	$1.1M	$539K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,720.4	+0.013%	$986K	$514K	20x	as long as short
GRVT ASML_USDT_Perpshort	0.0000%	8h	1,723.3	+0.180%	$327	$179K	10x
SunX ASML-USDT	0.0000%	8h	1,718.9	−0.075%	$1K	$1.1M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,718.3	−0.110%	$11K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,721.7	+0.087%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−1.045%	$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	1,719.1	−0.064%	$2.8M	$835K	10x	as long as short
Polymarket Perps ASML-USD	+0.0050%	1h	1,720.2	0.000%	$67K	$447K	10x	as long as short
Phoenix ASMLlong	+0.0093%	1h	1,720.2	long leg	$823	$18K	10x
KuCoin ASMLUSDTM	+0.0100%	8h	1,719.2	−0.059%	$216K	$305K	10x	as long as short
Binance ASMLUSDT	+0.0180%	8h	1,720.3	+0.004%	$3.3M	$3.5M	20x	as long as short
Extended ASML-USD	+0.0184%	1h	1,719.8	−0.022%	$4K	$338K	10x	as long as short
BloFin ASML-USDT	+0.0201%	8h	1,720.7	+0.028%	$47K	$91K	20x	as long as short