Funding arb · Price arb /

ASML

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.026%

Price spread now: Phoenix against SunX−0.072%69s7-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 Phoenix

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

Funding pays, the price is against you. Phoenix is 0.072% cheaper against SunX than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 41 hours of funding at the current rate (+$4 a day). 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	SunX ASML-USDT	1,714.7	0	get 0.0000% / 8h	1h 37m	$1K	$1.2M	10x
Short	Phoenix ASML	1,713.5	0.0140	get 0.0018% / 1h	37m 43s	$822	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.072%Rate

Funding earned: $29.44
Price spread: −0.072% → 0.000%: −$7.17
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $7.26
Costs to cover: 0.150%
Break-even: 5.3 days

Slippage unknown: SunX: live order book, 6 min ago; Phoenix: 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, 6 min ago	500.04 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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	1,713.8	−0.056%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,714.1	−0.035%	$879K	$129K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,714.7	−0.002%	$723K	$320K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,715.8	+0.062%	$1.1M	$699K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,714.6	−0.005%	$1.0M	$579K	20x	as long as short
SunX ASML-USDTlong	0.0000%	8h	1,714.7	long leg	$1K	$1.2M	10x
HTX ASML-USDT	0.0000%	8h	1,715.3	+0.035%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,717.8	+0.179%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−0.730%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,713.8	−0.054%	$2.8M	$858K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ASML-USD	+0.0050%	1h	1,715.4	+0.039%	$88K	$427K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,713	−0.103%	$214K	$331K	10x	as long as short
Phoenix ASMLshort	+0.0140%	1h	1,713.5	−0.072%	$822	$18K	10x
BloFin ASML-USDT	+0.0460%	8h	1,715.6	+0.051%	$46K	$104K	20x	as long as short
Extended ASML-USD	+0.0472%	1h	1,714.8	+0.004%	$4K	$237K	10x	as long as short
Binance ASMLUSDT	+0.0479%	8h	1,715.1	+0.021%	$3.5M	$3.2M	20x	as long as short
GRVT ASML_USDT_Perp	+0.0700%	8h	1,715.3	+0.032%	$806	$203K	10x	as long as short