Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0047%/8h= −5.2% APRpaid last 24h −0.032%

Price spread now: Aster against Phoenix−0.024%85s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.024% cheaper against Phoenix than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 85 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	Phoenix ASML	1,709.7	0.0047	pay 0.0006% / 1h	54m 07s	$818	$18K	10x
Short	Aster ASMLUSDT	1,709.3	0	get 0.0000% / 8h	5h 54m	$14K	$12K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phoenix. 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 PhoenixbpFee AsterbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$9.89
Price spread: −0.024% → 0.000%: −$2.42
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$27.31
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Aster: 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 Phoenix no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Phoenix and Aster: 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 exchanges

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 ASMLUSDTshort	0.0000%	8h	1,709.3	−0.024%	$14K	$12K	20x
Bybit ASMLUSDT	0.0000%	8h	1,709.7	−0.001%	$868K	$62K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,711.8	+0.123%	$717K	$260K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,711	+0.076%	$1.1M	$462K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,710.7	+0.058%	$1.0M	$498K	20x	as long as short
SunX ASML-USDT	0.0000%	8h	1,709.4	−0.019%	$846	$830K	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,709.5	−0.012%	$10K	$49K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,713.4	+0.216%	$56K	$206	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−0.438%	$11K	$37K	12x	as long as short
Phoenix ASMLlong	+0.0047%	1h	1,709.7	long leg	$818	$18K	10x

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ASML	+0.0050%	1h	1,709.2	−0.029%	$2.8M	$730K	10x	as long as short
Polymarket Perps ASML-USD	+0.0050%	1h	1,710.9	+0.070%	$68K	$281K	10x	as long as short
Binance ASMLUSDT	+0.0060%	8h	1,711.7	+0.115%	$3.2M	$3.6M	20x	as long as short
BloFin ASML-USDT	+0.0063%	8h	1,712.1	+0.140%	$47K	$90K	20x	as long as short
Extended ASML-USD	+0.0064%	1h	1,711.1	+0.084%	$7K	$262K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,709	−0.039%	$215K	$404K	10x	as long as short
GRVT ASML_USDT_Perp	+0.0541%	8h	1,710.1	+0.026%	$359	$152K	10x	as long as short