Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0507%/8h= −55.6% APRpaid last 24h +0.029%

Price spread now: Phoenix against BloFin−0.069%7-day average — · you buy dearer than you sell

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

Long on BloFin 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

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Phoenix is 0.069% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ASML-USDT	1,715.6	0.0647	pay 0.0647% / 8h	42m 17s	$46K	$102K	20x
Short	Phoenix ASML	1,714.4	0.0140	get 0.0017% / 1h	42m 17s	$823	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against BloFin. 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 BloFinbpFee PhoenixbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$106.54
Price spread: −0.069% → 0.000%: −$6.88
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$132.42
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 17 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 BloFin live order book, 17 min ago	0.03 bp	8.2 bp −$8	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	1,714.5	−0.064%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,714.1	−0.089%	$879K	$126K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,715	−0.034%	$723K	$309K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,716.2	+0.037%	$1.1M	$692K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,715.3	−0.016%	$1.0M	$505K	20x	as long as short
SunX ASML-USDT	0.0000%	8h	1,715	−0.032%	$1K	$1.2M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,717.6	+0.120%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,718.4	+0.164%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−0.779%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,714.1	−0.086%	$2.8M	$812K	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	1,714.1	−0.087%	$214K	$326K	10x	as long as short
Phoenix ASMLshort	+0.0140%	1h	1,714.4	−0.069%	$823	$19K	10x
Polymarket Perps ASML-USD	+0.0175%	1h	1,715.8	+0.013%	$88K	$427K	10x	as long as short
BloFin ASML-USDTlong	+0.0647%	8h	1,715.6	long leg	$46K	$102K	20x
Extended ASML-USD	+0.0672%	1h	1,715.6	0.000%	$4K	$237K	10x	as long as short
Binance ASMLUSDT	+0.0673%	8h	1,715.9	+0.017%	$3.5M	$3.1M	20x	as long as short
GRVT ASML_USDT_Perp	+0.0816%	8h	1,715.2	−0.024%	$909	$203K	10x	as long as short