Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: OKX against tradeXYZ+0.046%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$610.614% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.046%, 7d avg +0.101%

Together, before fees−0.167%+ Points / potential airdroptradeXYZ: Active · farm board−$17 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 OKX is 0.054% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.101%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:ASML	1,724.5	0.0050	pay 0.0006% / 1h	24m 10s	$2.8M	$768K	10x
Short	OKX ASML-USDT-SWAP	1,725.3	0	get 0.0000% / 8h	7h 24m	$729K	$307K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$10.5
Price spread: +0.046% → +0.101%: −$5.42
Slippage, 4 orders: −$33.44
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$77.35
Costs to cover: 0.614%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; OKX: live order book, 47 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	2.03 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 47 min ago	5.24 bp	13.1 bp −$13	79.4 bp −$794	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	1,726	+0.089%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,724.7	+0.011%	$886K	$127K	25x	as long as short
OKX ASML-USDT-SWAPshort	0.0000%	8h	1,725.3	+0.046%	$729K	$307K	20x
Gate ASML_USDT	0.0000%	8h	1,725.5	+0.060%	$1.1M	$694K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,725.2	+0.041%	$1.0M	$499K	20x	as long as short
SunX ASML-USDT	0.0000%	8h	1,725.8	+0.073%	$1K	$1.2M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,727	+0.146%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,726.1	+0.093%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−1.292%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASMLlong	+0.0050%	1h	1,724.5	long leg	$2.8M	$768K	10x

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	1,725.8	+0.075%	$69K	$446K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,723.6	−0.052%	$217K	$328K	10x	as long as short
Phoenix ASML	+0.0140%	1h	1,723.7	−0.046%	$829	$19K	10x	as long as short
GRVT ASML_USDT_Perp	+0.0174%	8h	1,725.6	+0.066%	$345	$192K	10x	as long as short
BloFin ASML-USDT	+0.0786%	8h	1,726.7	+0.129%	$46K	$102K	20x	as long as short
Extended ASML-USD	+0.0792%	1h	1,725.6	+0.062%	$4K	$349K	10x	as long as short
Binance ASMLUSDT	+0.0794%	8h	1,725.7	+0.072%	$3.6M	$3.1M	20x	as long as short