Funding arb · Price arb /

ASML

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against SunX−0.730%61s7-day average — · you buy dearer than you sell

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

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Injective is 0.730% cheaper against SunX than usual: you would sell low and buy high (spread −0.730% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$73 on $10k: about 2 months of funding at the current rate (+$1 a day). The two prices were read 61 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	SunX ASML-USDT	1,714.7	0	get 0.0000% / 8h	53m 48s	$756	$1.2M	10x
Short	Injective ASML/USDC PERP	1,702.2	0.0033	get 0.0004% / 1h	53m 48s	$11K	$37K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SunX. 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 SunXbpFee InjectivebpOrdersPrice spread, now −0.730%Rate

Funding earned: $7
Price spread: −0.730% → 0.000%: −$72.96
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$73.98
Costs to cover: 0.080%
Break-even: 81.0 days

Slippage unknown: SunX: live order book, 10 min ago; Injective: no order-book sample. 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 SunX live order book, 10 min ago	500.06 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	1,714.3	−0.026%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,714.2	−0.030%	$879K	$126K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,716.7	+0.115%	$724K	$310K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,716.2	+0.083%	$1.1M	$691K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,715	+0.015%	$1.0M	$488K	20x	as long as short
SunX ASML-USDTlong	0.0000%	8h	1,714.7	long leg	$756	$1.2M	10x
HTX ASML-USDT	0.0000%	8h	1,717.1	+0.135%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,718.1	+0.197%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERPshort	+0.0033%	1h	1,702.2	−0.730%	$11K	$37K	12x
tradeXYZ xyz:ASML	+0.0050%	1h	1,713.8	−0.054%	$2.8M	$849K	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	1,714.3	−0.025%	$214K	$334K	10x	as long as short
Phoenix ASML	+0.0140%	1h	1,714.3	−0.025%	$828	$19K	10x	as long as short
Polymarket Perps ASML-USD	+0.0150%	1h	1,716	+0.074%	$88K	$427K	10x	as long as short
Binance ASMLUSDT	+0.0620%	8h	1,715.7	+0.059%	$3.5M	$3.1M	20x	as long as short
Extended ASML-USD	+0.0624%	1h	1,715.4	+0.040%	$4K	$237K	10x	as long as short
BloFin ASML-USDT	+0.0642%	8h	1,716.1	+0.079%	$17	$102K	20x	as long as short
GRVT ASML_USDT_Perp	+0.0778%	8h	1,715.2	+0.028%	$669	$203K	10x	as long as short