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: SunX against Phoenix−0.032%7-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 SunX

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.032% cheaper against Phoenix than usual: you would sell low and buy high (−$3 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	Phoenix ASML	1,722	0.0093	pay 0.0012% / 1h	26m 35s	$827	$17K	10x
Short	SunX ASML-USDT	1,721.5	0	get 0.0000% / 8h	5h 26m	$1K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$19.53
Price spread: −0.032% → 0.000%: −$3.19
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$37.72
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; SunX: live order book, 6 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 SunX live order book, 6 min ago	500.04 bp	doesn't fit	doesn't fit	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	1,723.2	+0.067%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,722.3	+0.015%	$871K	$126K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,722.9	+0.052%	$728K	$298K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,722.6	+0.037%	$1.1M	$599K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,722.3	+0.015%	$984K	$535K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,723.7	+0.100%	$328	$181K	10x	as long as short
SunX ASML-USDTshort	0.0000%	8h	1,721.5	−0.032%	$1K	$1.1M	10x
HTX ASML-USDT	0.0000%	8h	1,724.5	+0.147%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,724.7	+0.157%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−1.149%	$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	1,721.4	−0.035%	$2.8M	$784K	10x	as long as short
Polymarket Perps ASML-USD	+0.0080%	1h	1,722.7	+0.041%	$68K	$447K	10x	as long as short
Phoenix ASMLlong	+0.0093%	1h	1,722	long leg	$827	$17K	10x
KuCoin ASMLUSDTM	+0.0100%	8h	1,721.5	−0.028%	$217K	$318K	10x	as long as short
BloFin ASML-USDT	+0.0394%	8h	1,722.6	+0.033%	$47K	$102K	20x	as long as short
Binance ASMLUSDT	+0.0397%	8h	1,723.4	+0.081%	$3.3M	$3.5M	20x	as long as short
Extended ASML-USD	+0.0400%	1h	1,722.9	+0.054%	$7K	$339K	10x	as long as short