Funding you earn now, next payment 08:00 UTC+0.0798%/8h= +87.3% APRnext payment +$7.98 per $10,000 · paid last 24h +0.088%
Price spread now: Binance against Bybit+0.048%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as 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)+0.040%+$4 · spread now +0.048%, 7d avg +0.078%
=Funding pays, the price is against you. Binance is 0.031% cheaper against Bybit than usual: you would sell low and buy high (spread +0.048% now, against its 7-day average of +0.078%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.198% in total) that is about 26 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 +$7.98 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 | Bybit ASMLUSDT | 1,725.1 | 0 | get 0.0000% / 8h | 7h 28m | $886K | $127K | 25x |
| Short | Binance ASMLUSDT | 1,725.9 | 0.0798 | get 0.0798% / 8h | 7h 28m | $3.6M | $3.1M | 20x |
Bybit ASMLUSDT
Binance ASMLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $167.48
- Price spread: +0.048% → +0.078%
- −$3.07
- Slippage, 4 orders
- −$46.92
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $96.48
- Costs to cover
- 0.679%
- Break-even
- 3.0 days
Slippage from Bybit: live order book, 42 min ago; Binance: live order book, 8 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 Bybit live order book, 42 min ago | 6.35 bp | 27.8 bp −$28 | 118.9 bp −$1,189 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 1.39 bp | 11.9 bp −$12 | 41.5 bp −$415 | 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 | 1,725.4 | +0.016% | $14K | $12K | 20x | as long as short |
| Bybit ASMLUSDTlong | 0.0000% | 8h | 1,725.1 | long leg | $886K | $127K | 25x | |
| OKX ASML-USDT-SWAP | 0.0000% | 8h | 1,726.6 | +0.086% | $729K | $307K | 20x | as long as short |
| Gate ASML_USDT | 0.0000% | 8h | 1,725.3 | +0.012% | $1.1M | $692K | 50x | as long as short |
| Bitget ASMLUSDT | 0.0000% | 8h | 1,723.9 | −0.072% | $1.0M | $500K | 20x | as long as short |
| SunX ASML-USDT | 0.0000% | 8h | 1,725.6 | +0.027% | $1K | $1.2M | 10x | as long as short |
| HTX ASML-USDT | 0.0000% | 8h | 1,726.2 | +0.062% | $10K | $59K | 20x | as long as short |
| Lighter ASML | +0.0032% | 1h | 1,727.7 | +0.150% | $57K | $3K | 10x | as long as short |
| Injective ASML/USDC PERP | +0.0033% | 1h | 1,702.2 | −1.327% | $11K | $37K | 12x | as long as short |
| tradeXYZ xyz:ASML | +0.0050% | 1h | 1,724.8 | −0.018% | $2.8M | $767K | 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 | 1,726.5 | +0.081% | $69K | $446K | 10x | as long as short |
| KuCoin ASMLUSDTM | +0.0100% | 8h | 1,723.1 | −0.118% | $217K | $329K | 10x | as long as short |
| Phoenix ASML | +0.0140% | 1h | 1,723.7 | −0.082% | $825 | $19K | 10x | as long as short |
| GRVT ASML_USDT_Perp | +0.0169% | 8h | 1,724.4 | −0.043% | $328 | $195K | 10x | as long as short |
| Binance ASMLUSDTshort | +0.0798% | 8h | 1,725.9 | +0.048% | $3.6M | $3.1M | 20x | |
| BloFin ASML-USDT | +0.0798% | 8h | 1,724.6 | −0.029% | $46K | $101K | 20x | as long as short |
| Extended ASML-USD | +0.0800% | 1h | 1,725.6 | +0.028% | $4K | $349K | 10x | as long as short |
Polymarket Perps ASML-USD
KuCoin ASMLUSDTM
Phoenix ASML
GRVT ASML_USDT_Perp
BloFin ASML-USDT
Extended ASML-USD