Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%

Price spread now: KuCoin against Lighter−0.243%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. KuCoin is 0.243% cheaper against Lighter than usual: you would sell low and buy high (spread −0.243% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 12 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.050% in total) that is about 34 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASML	1,727.7	0.0032	pay 0.0004% / 1h	56m 31s	$57K	$3K	10x
Short	KuCoin ASMLUSDTM	1,723.5	0.0100	get 0.0100% / 8h	6h 56m	$217K	$323K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Lighter. 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 LighterbpFee KuCoinbpOrdersPrice spread, now −0.243%Rate

Funding earned: $14.28
Price spread: −0.243% → 0.000%: −$24.25
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$21.97
Costs to cover: 0.120%
Break-even: 17.8 days

Slippage unknown: Lighter: no order-book sample; KuCoin: live order book, 55 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 55 min ago	9.36 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Lighter: 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	1,725.4	−0.135%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,725.2	−0.144%	$886K	$120K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,724.8	−0.168%	$728K	$304K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,725.3	−0.140%	$1.1M	$651K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,725.1	−0.150%	$1.0M	$500K	20x	as long as short
SunX ASML-USDT	0.0000%	8h	1,724.4	−0.194%	$1K	$1.2M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,727.7	−0.001%	$10K	$59K	20x	as long as short
Lighter ASMLlong	+0.0032%	1h	1,727.7	long leg	$57K	$3K	10x
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−1.475%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,724.1	−0.208%	$2.8M	$765K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ASML_USDT_Perp	+0.0065%	8h	1,727.3	−0.022%	$328	$191K	10x	as long as short
Polymarket Perps ASML-USD	+0.0082%	1h	1,725.4	−0.133%	$69K	$446K	10x	as long as short
KuCoin ASMLUSDTMshort	+0.0100%	8h	1,723.5	−0.243%	$217K	$323K	10x
Phoenix ASML	+0.0140%	1h	1,726.1	−0.093%	$826	$19K	10x	as long as short
Binance ASMLUSDT	+0.0712%	8h	1,725.7	−0.114%	$3.6M	$3.1M	20x	as long as short
BloFin ASML-USDT	+0.0713%	8h	1,725.8	−0.112%	$46K	$102K	20x	as long as short
Extended ASML-USD	+0.0720%	1h	1,725.2	−0.147%	$6K	$347K	10x	as long as short