Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0140%/8h= +15.4% APRpaid last 24h +0.025%

Price spread now: Phoenix against Aster+0.012%65s7-day average — · you sell dearer than you buy

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 65 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	Aster ASMLUSDT	1,712	0	get 0.0000% / 8h	2h 08m	$14K	$12K	20x
Short	Phoenix ASML	1,712.2	0.0140	get 0.0018% / 1h	8m 29s	$823	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aster. 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 AsterbpFee PhoenixbpOrdersPrice spread, now +0.012%Rate

Funding earned: $29.47
Price spread: +0.012% → 0.000%: $1.25
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $15.72
Costs to cover: 0.150%
Break-even: 3.3 days

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

Aster and 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 ASMLUSDTlong	0.0000%	8h	1,712	long leg	$14K	$12K	20x
Bybit ASMLUSDT	0.0000%	8h	1,712.6	+0.036%	$878K	$129K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,711.7	−0.017%	$720K	$320K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,712.8	+0.048%	$1.1M	$716K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,712.9	+0.052%	$1.0M	$578K	20x	as long as short
SunX ASML-USDT	0.0000%	8h	1,712.6	+0.034%	$1K	$1.3M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,715.5	+0.208%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,715.2	+0.188%	$56K	$4K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−0.570%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,711.6	−0.023%	$2.8M	$861K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ASML-USD	+0.0050%	1h	1,712.6	+0.036%	$88K	$426K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,711.7	−0.020%	$214K	$332K	10x	as long as short
Phoenix ASMLshort	+0.0140%	1h	1,712.2	+0.012%	$823	$18K	10x
Binance ASMLUSDT	+0.0446%	8h	1,712.7	+0.040%	$3.5M	$3.2M	20x	as long as short
Extended ASML-USD	+0.0448%	1h	1,712.5	+0.029%	$4K	$237K	10x	as long as short
BloFin ASML-USDT	+0.0471%	8h	1,713.2	+0.071%	$46K	$104K	20x	as long as short
GRVT ASML_USDT_Perp	+0.0706%	8h	1,712.9	+0.055%	$617	$206K	10x	as long as short