Funding arb · Price arb /

ASML

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h +0.032%

Price spread now: Phoenix against OKX−0.135%7-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 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 0.135% cheaper against OKX than usual: you would sell low and buy high (spread −0.135% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 9.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ASML-USDT-SWAP	1,707.3	0	get 0.0000% / 8h	1h 14m	$723K	$307K	20x
Short	Phoenix ASML	1,705	0.0047	get 0.0006% / 1h	14m 55s	$817	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.135%Rate

Funding earned: $9.85
Price spread: −0.135% → 0.000%: −$13.47
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$20.63
Costs to cover: 0.170%
Break-even: 21.7 days

Slippage unknown: OKX: live order book, 26 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 OKX live order book, 26 min ago	4.98 bp	13.8 bp −$14	108.4 bp −$1,084	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
BloFin ASML-USDT	−0.0015%	8h	1,706.8	−0.032%	$47K	$91K	20x	as long as short
Aster ASMLUSDT	0.0000%	8h	1,705.5	−0.104%	$14K	$12K	20x	as long as short
Extended ASML-USD	0.0000%	1h	1,705.9	−0.080%	$7K	$238K	10x	as long as short
Binance ASMLUSDT	0.0000%	8h	1,706.4	−0.051%	$3.2M	$3.7M	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,705.2	−0.125%	$865K	$108K	25x	as long as short
OKX ASML-USDT-SWAPlong	0.0000%	8h	1,707.3	long leg	$723K	$307K	20x
Gate ASML_USDT	0.0000%	8h	1,705.4	−0.110%	$1.1M	$528K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,705.5	−0.105%	$977K	$539K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,706.1	−0.073%	$375	$172K	10x	as long as short
SunX ASML-USDT	0.0000%	8h	1,705.2	−0.121%	$1K	$1.0M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ASML-USDT	0.0000%	8h	1,704.6	−0.160%	$10K	$62K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,706.9	−0.023%	$56K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−0.298%	$11K	$37K	12x	as long as short
Phoenix ASMLshort	+0.0047%	1h	1,705	−0.135%	$817	$17K	10x
tradeXYZ xyz:ASML	+0.0050%	1h	1,703.9	−0.199%	$2.8M	$840K	10x	as long as short
Polymarket Perps ASML-USD	+0.0050%	1h	1,705.5	−0.105%	$67K	$448K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,703.3	−0.232%	$215K	$288K	10x	as long as short