Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: OKX against Lighter−0.104%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 OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.104% cheaper against Lighter than usual: you would sell low and buy high (−$10 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	Lighter ASML	1,727.9	0.0032	pay 0.0004% / 1h	57m 46s	$57K	$3K	10x
Short	OKX ASML-USDT-SWAP	1,726.1	0	get 0.0000% / 8h	6h 57m	$729K	$305K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$6.72
Price spread: −0.104% → 0.000%: −$10.42
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$27.14
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; OKX: live order book, 8 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 OKX live order book, 8 min ago	4.05 bp	10.3 bp −$10	77.2 bp −$772	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	1,726	−0.113%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,724.8	−0.181%	$886K	$120K	25x	as long as short
OKX ASML-USDT-SWAPshort	0.0000%	8h	1,726.1	−0.104%	$729K	$305K	20x
Gate ASML_USDT	0.0000%	8h	1,725.7	−0.126%	$1.1M	$651K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,725.2	−0.159%	$1.0M	$501K	20x	as long as short
SunX ASML-USDT	0.0000%	8h	1,724.3	−0.209%	$1K	$1.2M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,729.9	+0.116%	$10K	$59K	20x	as long as short
Lighter ASMLlong	+0.0032%	1h	1,727.9	long leg	$57K	$3K	10x
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−1.486%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,724.1	−0.220%	$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
Polymarket Perps ASML-USD	+0.0050%	1h	1,725.3	−0.150%	$69K	$446K	10x	as long as short
GRVT ASML_USDT_Perp	+0.0068%	8h	1,727	−0.051%	$328	$191K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,723.9	−0.232%	$217K	$323K	10x	as long as short
Phoenix ASML	+0.0140%	1h	1,726.1	−0.104%	$828	$19K	10x	as long as short
Extended ASML-USD	+0.0720%	1h	1,726.3	−0.093%	$4K	$344K	10x	as long as short
Binance ASMLUSDT	+0.0721%	8h	1,726.7	−0.070%	$3.6M	$3.1M	20x	as long as short
BloFin ASML-USDT	+0.0749%	8h	1,727.3	−0.036%	$46K	$102K	20x	as long as short