Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Bybit against tradeXYZ−0.034%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$660.657% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.202%−$20 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.034%, 7d avg +0.046%

Together, before fees−0.150%+ Points / potential airdroptradeXYZ: Active · farm board−$15 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 0.080% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:ASML	1,697.1	0.0050	pay 0.0006% / 1h	14m 00s	$2.8M	$849K	10x
Short	Bybit ASMLUSDT	1,696.5	0	get 0.0000% / 8h	14m 00s	$861K	$56K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against tradeXYZ. 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 tradeXYZbpFee BybitbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$10.5
Price spread: −0.034% → +0.046%: −$8.03
Slippage, 4 orders: −$36.69
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$84.22
Costs to cover: 0.657%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; Bybit: live order book, 21 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 tradeXYZ live order book, 4 min ago	2.07 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 21 min ago	9.87 bp	20.0 bp −$20	157.7 bp −$1,577	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	1,697.9	+0.045%	$14K	$12K	20x	as long as short
Extended ASML-USD	0.0000%	1h	1,697.3	+0.009%	$4K	$254K	10x	as long as short
Binance ASMLUSDT	0.0000%	8h	1,697.7	+0.033%	$3.2M	$3.6M	20x	as long as short
Bybit ASMLUSDTshort	0.0000%	8h	1,696.5	−0.034%	$861K	$56K	25x
OKX ASML-USDT-SWAP	0.0000%	8h	1,695.8	−0.077%	$713K	$241K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,697.6	+0.029%	$1.1M	$492K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,697.1	−0.002%	$992K	$469K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,695.8	−0.077%	$305	$165K	10x	as long as short
Phoenix ASML	0.0000%	1h	1,696.4	−0.041%	$822	$17K	10x	as long as short
SunX ASML-USDT	0.0000%	8h	1,695.7	−0.082%	$1K	$1.0M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ASML-USDT	0.0000%	8h	1,694.6	−0.150%	$10K	$62K	20x	as long as short
BloFin ASML-USDT	+0.0019%	8h	1,695.2	−0.111%	$47K	$90K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,698.3	+0.071%	$56K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	+0.302%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASMLlong	+0.0050%	1h	1,697.1	long leg	$2.8M	$849K	10x
Polymarket Perps ASML-USD	+0.0050%	1h	1,697.3	+0.012%	$67K	$448K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,695.4	−0.098%	$213K	$286K	10x	as long as short