Funding you earn now, next payment 08:00 UTC−0.0811%/8h= −88.8% APRnext payment −$8.11 per $10,000 · paid last 24h −0.088%
Price spread now: Bybit against Binance−0.040%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$680.679% of the position
Funding, last 7 days−0.198%−$20 on $10k
+Price spread, last 2 days (all we have)−0.047%−$5 · spread now −0.040%, 7d avg −0.078%
=The price spread pays, funding is against you. Bybit is 0.038% dearer against Binance than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.078%): +$4 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.198% in total) that is about 33 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.198% in total (about -10.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.11 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ASMLUSDT | 1,724.6 | 0.0811 | pay 0.0811% / 8h | 7h 32m | $3.6M | $3.1M | 20x |
| Short | Bybit ASMLUSDT | 1,723.9 | 0 | get 0.0000% / 8h | 7h 32m | $886K | $127K | 25x |
Binance ASMLUSDT
Bybit ASMLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$170.4
- Price spread: −0.040% → −0.078%
- $3.84
- Slippage, 4 orders
- −$46.92
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$234.48
- Costs to cover
- 0.679%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Bybit: live order book, 37 min ago.
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 Binance live order book, 3 min ago | 1.39 bp | 15.4 bp −$15 | 31.5 bp −$315 | 235.8 bp −$23.6K | doesn't fit |
| Sell Bybit live order book, 37 min ago | 6.35 bp | 12.9 bp −$13 | 117.1 bp −$1,171 | doesn't fit | doesn't fit |
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 | 1,723.6 | −0.058% | $14K | $12K | 20x | as long as short |
| Bybit ASMLUSDTshort | 0.0000% | 8h | 1,723.9 | −0.040% | $886K | $127K | 25x | |
| OKX ASML-USDT-SWAP | 0.0000% | 8h | 1,725 | +0.023% | $729K | $308K | 20x | as long as short |
| Gate ASML_USDT | 0.0000% | 8h | 1,723.4 | −0.071% | $1.1M | $690K | 50x | as long as short |
| Bitget ASMLUSDT | 0.0000% | 8h | 1,723.3 | −0.076% | $1.0M | $500K | 20x | as long as short |
| SunX ASML-USDT | 0.0000% | 8h | 1,723.2 | −0.083% | $949 | $1.2M | 10x | as long as short |
| HTX ASML-USDT | 0.0000% | 8h | 1,723.9 | −0.040% | $10K | $59K | 20x | as long as short |
| Lighter ASML | +0.0032% | 1h | 1,725.4 | +0.046% | $57K | $3K | 10x | as long as short |
| Injective ASML/USDC PERP | +0.0033% | 1h | 1,702.2 | −1.298% | $11K | $37K | 12x | as long as short |
| tradeXYZ xyz:ASML | +0.0050% | 1h | 1,723.4 | −0.070% | $2.8M | $792K | 10x | as long as short |
Aster ASMLUSDT
OKX ASML-USDT-SWAP
Gate ASML_USDT
Bitget ASMLUSDT
SunX ASML-USDT
HTX ASML-USDT
Lighter ASML
Injective ASML/USDC PERP
tradeXYZ xyz:ASMLShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ASML-USD | +0.0050% | 1h | 1,723.8 | −0.047% | $69K | $446K | 10x | as long as short |
| KuCoin ASMLUSDTM | +0.0100% | 8h | 1,721.4 | −0.187% | $216K | $330K | 10x | as long as short |
| Phoenix ASML | +0.0140% | 1h | 1,723.1 | −0.087% | $827 | $19K | 10x | as long as short |
| GRVT ASML_USDT_Perp | +0.0210% | 8h | 1,724.1 | −0.029% | $328 | $195K | 10x | as long as short |
| BloFin ASML-USDT | +0.0782% | 8h | 1,725.1 | +0.028% | $46K | $101K | 20x | as long as short |
| Extended ASML-USD | +0.0808% | 1h | 1,723.7 | −0.053% | $4K | $339K | 10x | as long as short |
| Binance ASMLUSDTlong | +0.0811% | 8h | 1,724.6 | long leg | $3.6M | $3.1M | 20x |
Polymarket Perps ASML-USD
KuCoin ASMLUSDTM
Phoenix ASML
GRVT ASML_USDT_Perp
BloFin ASML-USDT
Extended ASML-USD