Funding you earn now, next payment 04:00 UTC−0.0090%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.015%
Price spread now: tradeXYZ against Phoenix−0.151%101s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and tradeXYZ is 0.151% cheaper against Phoenix than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 101 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 | 1,717.2 | 0.0140 | pay 0.0017% / 1h | 45m 37s | $826 | $19K | 10x |
| Short | tradeXYZ xyz:ASML | 1,714.6 | 0.0050 | get 0.0006% / 1h | 45m 37s | $2.8M | $836K | 10x |
Phoenix ASML
tradeXYZ xyz:ASMLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$18.81
- Price spread: −0.151% → 0.000%
- −$15.14
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$58.95
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; tradeXYZ: live order book, 2 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 tradeXYZ live order book, 2 min ago | 2.04 bp | 17.5 bp −$18 | 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 | 1,715 | −0.130% | $14K | $12K | 20x | as long as short |
| Bybit ASMLUSDT | 0.0000% | 8h | 1,716.1 | −0.063% | $869K | $127K | 25x | as long as short |
| OKX ASML-USDT-SWAP | 0.0000% | 8h | 1,716.7 | −0.029% | $726K | $292K | 20x | as long as short |
| Gate ASML_USDT | 0.0000% | 8h | 1,716.1 | −0.065% | $1.1M | $541K | 50x | as long as short |
| Bitget ASMLUSDT | 0.0000% | 8h | 1,716.2 | −0.057% | $982K | $515K | 20x | as long as short |
| GRVT ASML_USDT_Perp | 0.0000% | 8h | 1,717.4 | +0.010% | $326 | $178K | 10x | as long as short |
| SunX ASML-USDT | 0.0000% | 8h | 1,714.7 | −0.146% | $941 | $1.1M | 10x | as long as short |
| HTX ASML-USDT | 0.0000% | 8h | 1,719.2 | +0.117% | $10K | $59K | 20x | as long as short |
| Lighter ASML | +0.0032% | 1h | 1,717.5 | +0.017% | $57K | $3K | 10x | as long as short |
| Injective ASML/USDC PERP | +0.0033% | 1h | 1,702.2 | −0.872% | $11K | $37K | 12x | as long as short |
Aster ASMLUSDT
Bybit ASMLUSDT
OKX ASML-USDT-SWAP
Gate ASML_USDT
Bitget ASMLUSDT
GRVT ASML_USDT_Perp
SunX ASML-USDT
HTX ASML-USDT
Lighter ASML
Injective ASML/USDC PERPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ASMLshort | +0.0050% | 1h | 1,714.6 | −0.151% | $2.8M | $836K | 10x | |
| Polymarket Perps ASML-USD | +0.0050% | 1h | 1,715.4 | −0.105% | $67K | $447K | 10x | as long as short |
| KuCoin ASMLUSDTM | +0.0100% | 8h | 1,715.7 | −0.087% | $215K | $307K | 10x | as long as short |
| Phoenix ASMLlong | +0.0140% | 1h | 1,717.2 | long leg | $826 | $19K | 10x | |
| Binance ASMLUSDT | +0.0141% | 8h | 1,716.7 | −0.027% | $3.3M | $3.5M | 20x | as long as short |
| Extended ASML-USD | +0.0144% | 1h | 1,716.2 | −0.056% | $4K | $334K | 10x | as long as short |
| BloFin ASML-USDT | +0.0178% | 8h | 1,717.3 | +0.003% | $47K | $92K | 20x | as long as short |
Polymarket Perps ASML-USD
KuCoin ASMLUSDTM
Binance ASMLUSDT
Extended ASML-USD
BloFin ASML-USDT