Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.030%

Price spread now: Gate against Phoenix+0.051%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Gate

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

The price spread pays, funding is against you. Gate is 0.051% dearer against Phoenix than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ASML	1,722.7	0.0093	pay 0.0012% / 1h	7m 15s	$826	$17K	10x
Short	Gate ASML_USDT	1,723.6	0	get 0.0000% / 8h	5h 07m	$1.1M	$600K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.051%Rate

Funding earned: −$19.53
Price spread: +0.051% → 0.000%: $5.11
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.42
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Gate: live order book, 5 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 Phoenix no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	9.95 bp	23.7 bp −$24	78.0 bp −$780	doesn't fit	doesn't fit

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
Aster ASMLUSDT	0.0000%	8h	1,723.8	+0.065%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,723.5	+0.048%	$872K	$126K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,725	+0.134%	$728K	$298K	20x	as long as short
Gate ASML_USDTshort	0.0000%	8h	1,723.6	+0.051%	$1.1M	$600K	50x
Bitget ASMLUSDT	0.0000%	8h	1,723.1	+0.021%	$985K	$531K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,723.1	+0.025%	$327	$182K	10x	as long as short
SunX ASML-USDT	0.0000%	8h	1,722.5	−0.014%	$1K	$1.1M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,722.6	−0.003%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,725.3	+0.151%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−1.189%	$11K	$37K	12x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ASML	+0.0050%	1h	1,722.9	+0.012%	$2.8M	$784K	10x	as long as short
Polymarket Perps ASML-USD	+0.0051%	1h	1,723.6	+0.052%	$68K	$447K	10x	as long as short
Phoenix ASMLlong	+0.0093%	1h	1,722.7	long leg	$826	$17K	10x
KuCoin ASMLUSDTM	+0.0100%	8h	1,721.3	−0.082%	$217K	$317K	10x	as long as short
Extended ASML-USD	+0.0320%	1h	1,723.8	+0.064%	$4K	$340K	10x	as long as short
Binance ASMLUSDT	+0.0321%	8h	1,724.3	+0.091%	$3.3M	$3.5M	20x	as long as short
BloFin ASML-USDT	+0.0350%	8h	1,724.2	+0.086%	$47K	$93K	20x	as long as short