Funding arb · Price arb /

ASML

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.032%

Price spread now: Phoenix against Bitget−0.168%59s7-day average — · you buy dearer than you sell

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

Long on Bitget 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.168% cheaper against Bitget than usual: you would sell low and buy high, −$17 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 59 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	Bitget ASMLUSDT	1,695.8	0	get 0.0000% / 8h	18m 36s	$991K	$471K	20x
Short	Phoenix ASML	1,692.9	0	get 0.0000% / 1h	18m 36s	$810	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bitget. 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 BitgetbpFee PhoenixbpOrdersPrice spread, now −0.168%Rate

Funding earned: $0
Price spread: −0.168% → 0.000%: −$16.81
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$35.81
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 47 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 Bitget live order book, 47 min ago	5.57 bp	19.0 bp −$19	35.9 bp −$359	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	1,695.3	−0.025%	$14K	$12K	20x	as long as short
Extended ASML-USD	0.0000%	1h	1,694.5	−0.074%	$4K	$254K	10x	as long as short
Binance ASMLUSDT	0.0000%	8h	1,695.1	−0.039%	$3.2M	$3.6M	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,693.5	−0.130%	$860K	$56K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,695.7	−0.003%	$718K	$271K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,694.3	−0.088%	$1.1M	$491K	50x	as long as short
Bitget ASMLUSDTlong	0.0000%	8h	1,695.8	long leg	$991K	$471K	20x
GRVT ASML_USDT_Perp	0.0000%	8h	1,696	+0.012%	$339	$167K	10x	as long as short
Phoenix ASMLshort	0.0000%	1h	1,692.9	−0.168%	$810	$17K	10x
SunX ASML-USDT	0.0000%	8h	1,693.1	−0.156%	$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	1,697.1	+0.081%	$10K	$62K	20x	as long as short
BloFin ASML-USDT	+0.0002%	8h	1,696.3	+0.032%	$47K	$90K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,696	+0.015%	$56K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	+0.382%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,693	−0.162%	$2.8M	$849K	10x	as long as short
Polymarket Perps ASML-USD	+0.0050%	1h	1,694.6	−0.068%	$66K	$448K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,693.3	−0.144%	$214K	$285K	10x	as long as short