Funding arb · Price arb /

ASML

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.030%

Price spread now: Phoenix against Bitget−0.068%7-day average — · you buy dearer than you sell

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

Long on Bitget 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—needs both histories

Funding pays, the price is against you. Phoenix is 0.068% cheaper against Bitget than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ASMLUSDT	1,724.5	0	get 0.0000% / 8h	4h 21m	$989K	$514K	20x
Short	Phoenix ASML	1,723.3	0.0093	get 0.0012% / 1h	21m 13s	$826	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bitget. 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 BitgetbpFee PhoenixbpOrdersPrice spread, now −0.068%Rate

Funding earned: $19.5
Price spread: −0.068% → 0.000%: −$6.78
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$6.29
Costs to cover: 0.190%
Break-even: 9.3 days

Slippage unknown: Bitget: live order book, 65 min ago; 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 Bitget live order book, 65 min ago	1.51 bp	14.2 bp −$14	29.8 bp −$298	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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	1,724.2	−0.013%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,723.9	−0.032%	$872K	$126K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,724.9	+0.025%	$729K	$294K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,724.5	+0.002%	$1.1M	$545K	50x	as long as short
Bitget ASMLUSDTlong	0.0000%	8h	1,724.5	long leg	$989K	$514K	20x
GRVT ASML_USDT_Perp	0.0000%	8h	1,725.2	+0.041%	$328	$180K	10x	as long as short
SunX ASML-USDT	0.0000%	8h	1,723.4	−0.064%	$1K	$1.1M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,725.4	+0.056%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,727	+0.147%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−1.290%	$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	1,723.4	−0.062%	$2.8M	$830K	10x	as long as short
Phoenix ASMLshort	+0.0093%	1h	1,723.3	−0.068%	$826	$18K	10x
KuCoin ASMLUSDTM	+0.0100%	8h	1,723.3	−0.068%	$217K	$309K	10x	as long as short
Polymarket Perps ASML-USD	+0.0135%	1h	1,724.9	+0.025%	$68K	$447K	10x	as long as short
BloFin ASML-USDT	+0.0254%	8h	1,725.6	+0.064%	$47K	$92K	20x	as long as short
Binance ASMLUSDT	+0.0256%	8h	1,725.1	+0.038%	$3.3M	$3.5M	20x	as long as short
Extended ASML-USD	+0.0256%	1h	1,724.6	+0.008%	$7K	$341K	10x	as long as short