Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against OKX−1.303%68s7-day average — · you buy dearer than you sell

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

Long on OKX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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. Injective is 1.303% cheaper against OKX than usual: you would sell low and buy high (spread −1.303% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$130 on $10k: about 4 months of funding at the current rate (+$1 a day). The two prices were read 68 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	OKX ASML-USDT-SWAP	1,724.7	0	get 0.0000% / 8h	4h 38m	$729K	$297K	20x
Short	Injective ASML/USDC PERP	1,702.2	0.0033	get 0.0004% / 1h	38m 13s	$11K	$37K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against OKX. 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 OKXbpFee InjectivebpOrdersPrice spread, now −1.303%Rate

Funding earned: $7
Price spread: −1.303% → 0.000%: −$130.34
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$133.36
Costs to cover: 0.100%
Break-even: 140.4 days

Slippage unknown: OKX: live order book, 18 min ago; Injective: 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 OKX live order book, 18 min ago	6.09 bp	16.0 bp −$16	97.7 bp −$977	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	1,725.2	+0.028%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,724	−0.039%	$872K	$126K	25x	as long as short
OKX ASML-USDT-SWAPlong	0.0000%	8h	1,724.7	long leg	$729K	$297K	20x
Gate ASML_USDT	0.0000%	8h	1,725	+0.016%	$1.1M	$543K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,724.7	+0.001%	$987K	$513K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,725.7	+0.059%	$311	$180K	10x	as long as short
SunX ASML-USDT	0.0000%	8h	1,722.6	−0.123%	$1K	$1.1M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,727.9	+0.186%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,727.2	+0.145%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERPshort	+0.0033%	1h	1,702.2	−1.303%	$11K	$37K	12x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ASML	+0.0050%	1h	1,723.9	−0.046%	$2.8M	$808K	10x	as long as short
Phoenix ASML	+0.0093%	1h	1,724.6	−0.006%	$828	$18K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,723.4	−0.077%	$217K	$313K	10x	as long as short
Polymarket Perps ASML-USD	+0.0155%	1h	1,725.2	+0.029%	$68K	$447K	10x	as long as short
BloFin ASML-USDT	+0.0244%	8h	1,725	+0.016%	$47K	$92K	20x	as long as short
Binance ASMLUSDT	+0.0271%	8h	1,724.7	+0.002%	$3.3M	$3.5M	20x	as long as short
Extended ASML-USD	+0.0272%	1h	1,724.4	−0.015%	$4K	$337K	10x	as long as short