Funding arb · Price arb /

ASML

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0040%/8hpaid last 24h −0.006%

Price spread now: Phoenix against KuCoin−0.191%78s7-day average — · you buy dearer than you sell

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

Long on KuCoin 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 0.191% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.191% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 16 days of funding at the current rate (+$1 a day). The two prices were read 78 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	KuCoin ASMLUSDTM	1,719.8	0.0100	pay 0.0100% / 8h	4h 22m	$214K	$341K	10x
Short	Phoenix ASML	1,716.5	0.0140	get 0.0017% / 1h	22m 05s	$826	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against KuCoin. 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 KuCoinbpFee PhoenixbpOrdersPrice spread, now −0.191%Rate

Funding earned: $8.39
Price spread: −0.191% → 0.000%: −$19.13
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$29.74
Costs to cover: 0.190%
Break-even: 31.8 days

Slippage unknown: KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	13.62 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	1,720.7	+0.051%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,719.7	−0.003%	$882K	$128K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,719.6	−0.011%	$712K	$295K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,720.3	+0.028%	$1.1M	$694K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,719.4	−0.022%	$1.0M	$580K	20x	as long as short
SunX ASML-USDT	0.0000%	8h	1,719.2	−0.037%	$1K	$1.2M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,722.5	+0.156%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,723.9	+0.239%	$57K	$4K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−1.022%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,720	+0.012%	$2.8M	$825K	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	1,720.6	+0.047%	$89K	$421K	10x	as long as short
BloFin ASML-USDT	+0.0077%	8h	1,720.2	+0.026%	$17	$104K	20x	as long as short
Extended ASML-USD	+0.0088%	1h	1,720.4	+0.035%	$4K	$237K	10x	as long as short
Binance ASMLUSDT	+0.0092%	8h	1,720.5	+0.040%	$3.6M	$3.1M	20x	as long as short
KuCoin ASMLUSDTMlong	+0.0100%	8h	1,719.8	long leg	$214K	$341K	10x
Phoenix ASMLshort	+0.0140%	1h	1,716.5	−0.191%	$826	$16K	10x
GRVT ASML_USDT_Perp	+0.0284%	8h	1,719.2	−0.035%	$739	$198K	10x	as long as short