Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h −0.017%

Price spread now: Bybit against Polymarket Perps−0.167%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$610.613% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.179%−$18 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now −0.167%, 7d avg −0.003%

Together, before fees−0.257%−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.164% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ASML-USD	1,711.2	0.0053	pay 0.0007% / 1h	10m 52s	$67K	$447K	10x
Short	Bybit ASMLUSDT	1,708.3	0	get 0.0000% / 8h	3h 10m	$865K	$133K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Polymarket Perps. 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 Polymarket PerpsbpFee BybitbpOrdersPrice spread, now −0.167%Rate

Funding earned: −$11.05
Price spread: −0.167% → −0.003%: −$16.37
Slippage, 4 orders: −$42.27
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$88.69
Costs to cover: 0.613%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 42 min ago; Bybit: live order book, 39 min ago.

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 Polymarket Perps live order book, 42 min ago	3.20 bp	7.2 bp −$7	7.2 bp −$72	10.0 bp −$1,004	doesn't fit
Sell Bybit live order book, 39 min ago	6.96 bp	33.5 bp −$33	141.9 bp −$1,419	doesn't fit	doesn't fit

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	1,708.1	−0.183%	$14K	$12K	20x	as long as short
Bybit ASMLUSDTshort	0.0000%	8h	1,708.3	−0.167%	$865K	$133K	25x
OKX ASML-USDT-SWAP	0.0000%	8h	1,707.6	−0.210%	$724K	$305K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,707.8	−0.198%	$1.1M	$545K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,708.8	−0.139%	$981K	$528K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,712.6	+0.080%	$325	$177K	10x	as long as short
SunX ASML-USDT	0.0000%	8h	1,711.1	−0.004%	$953	$1.1M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,709.9	−0.077%	$10K	$62K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,711.5	+0.018%	$56K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−0.525%	$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
BloFin ASML-USDT	+0.0045%	8h	1,713.2	+0.117%	$47K	$91K	20x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,707.3	−0.228%	$2.8M	$852K	10x	as long as short
Polymarket Perps ASML-USDlong	+0.0053%	1h	1,711.2	long leg	$67K	$447K	10x
Extended ASML-USD	+0.0056%	1h	1,707.9	−0.196%	$4K	$209K	10x	as long as short
Binance ASMLUSDT	+0.0058%	8h	1,708.3	−0.170%	$3.3M	$3.6M	20x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,708.3	−0.171%	$214K	$307K	10x	as long as short
Phoenix ASML	+0.0140%	1h	1,711.3	+0.006%	$820	$19K	10x	as long as short