Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h −0.062%

Price spread now: Phoenix against BloFin−0.148%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 0.148% cheaper against BloFin than usual: you would sell low and buy high (spread −0.148% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 13 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ASML-USDT	1,706.7	0.0008	pay 0.0008% / 8h	1h 11m	$47K	$91K	20x
Short	Phoenix ASML	1,704.2	0.0047	get 0.0006% / 1h	11m 04s	$815	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against BloFin. 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 BloFinbpFee PhoenixbpOrdersPrice spread, now −0.148%Rate

Funding earned: $8.16
Price spread: −0.148% → 0.000%: −$14.77
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$25.61
Costs to cover: 0.190%
Break-even: 29.0 days

Slippage unknown: BloFin: 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 BloFin no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

BloFin 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 ASMLUSDT	0.0000%	8h	1,704.3	−0.139%	$14K	$12K	20x	as long as short
Extended ASML-USD	0.0000%	1h	1,704.9	−0.109%	$7K	$238K	10x	as long as short
Binance ASMLUSDT	0.0000%	8h	1,705.4	−0.080%	$3.2M	$3.7M	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,704.4	−0.138%	$864K	$80K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,707.3	+0.034%	$723K	$307K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,704.8	−0.115%	$1.1M	$528K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,705	−0.100%	$977K	$540K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,705.7	−0.058%	$307	$172K	10x	as long as short
SunX ASML-USDT	0.0000%	8h	1,704.6	−0.125%	$1K	$1.0M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,703.9	−0.165%	$10K	$62K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ASML-USDTlong	+0.0008%	8h	1,706.7	long leg	$47K	$91K	20x
Lighter ASML	+0.0032%	1h	1,706.6	−0.007%	$56K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−0.264%	$11K	$37K	12x	as long as short
Phoenix ASMLshort	+0.0047%	1h	1,704.2	−0.148%	$815	$17K	10x
tradeXYZ xyz:ASML	+0.0050%	1h	1,703.6	−0.183%	$2.8M	$840K	10x	as long as short
Polymarket Perps ASML-USD	+0.0050%	1h	1,705.3	−0.083%	$67K	$448K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,703.3	−0.202%	$215K	$286K	10x	as long as short