Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.030%

Price spread now: SunX against Phoenix+0.012%69s7-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 SunX

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: −$4 a day on $10k at the current rate. The two prices were read 69 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	Phoenix ASML	1,705.8	0.0140	pay 0.0017% / 1h	0m 03s	$817	$19K	10x
Short	SunX ASML-USDT	1,706	0	get 0.0000% / 8h	3h 00m	$925	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$29.31
Price spread: +0.012% → 0.000%: $1.23
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$43.08
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; SunX: live order book, 3 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 SunX live order book, 3 min ago	500.02 bp	doesn't fit	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	1,705.1	−0.039%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,704.9	−0.052%	$863K	$134K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,706.3	+0.029%	$724K	$305K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,706.7	+0.051%	$1.1M	$550K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,707.7	+0.109%	$976K	$531K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,708.2	+0.140%	$307	$176K	10x	as long as short
SunX ASML-USDTshort	0.0000%	8h	1,706	+0.012%	$925	$1.1M	10x
HTX ASML-USDT	0.0000%	8h	1,703.9	−0.110%	$10K	$62K	20x	as long as short
Extended ASML-USD	+0.0024%	1h	1,705.3	−0.029%	$5K	$243K	10x	as long as short
Binance ASMLUSDT	+0.0026%	8h	1,705.8	0.000%	$3.2M	$3.6M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ASML	+0.0032%	1h	1,707.3	+0.088%	$56K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−0.210%	$11K	$37K	12x	as long as short
BloFin ASML-USDT	+0.0046%	8h	1,707.3	+0.089%	$47K	$91K	20x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,703.9	−0.111%	$2.8M	$845K	10x	as long as short
Polymarket Perps ASML-USD	+0.0050%	1h	1,706.6	+0.047%	$67K	$448K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,705.1	−0.039%	$215K	$302K	10x	as long as short
Phoenix ASMLlong	+0.0140%	1h	1,705.8	long leg	$817	$19K	10x