Funding arb · Price arb /

ASML

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against Gate−0.812%54s7-day average — · you buy dearer than you sell

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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. Injective is 0.812% cheaper against Gate than usual: you would sell low and buy high (spread −0.812% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$81 on $10k: about 3 months of funding at the current rate (+$1 a day). The two prices were read 54 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	Gate ASML_USDT	1,716.2	0	get 0.0000% / 8h	24m 19s	$1.1M	$693K	50x
Short	Injective ASML/USDC PERP	1,702.2	0.0033	get 0.0004% / 1h	24m 19s	$11K	$37K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now −0.812%Rate

Funding earned: $7
Price spread: −0.812% → 0.000%: −$81.17
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$89.19
Costs to cover: 0.150%
Break-even: 96.2 days

Slippage unknown: Gate: live order book, 3 min ago; Injective: 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 Gate live order book, 3 min ago	7.26 bp	29.5 bp −$29	76.4 bp −$764	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	1,714.5	−0.099%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,714.1	−0.118%	$879K	$126K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,715	−0.067%	$723K	$308K	20x	as long as short
Gate ASML_USDTlong	0.0000%	8h	1,716.2	long leg	$1.1M	$693K	50x
Bitget ASMLUSDT	0.0000%	8h	1,715.8	−0.023%	$1.0M	$504K	20x	as long as short
SunX ASML-USDT	0.0000%	8h	1,715.1	−0.064%	$990	$1.2M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,714.3	−0.107%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,718.9	+0.160%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERPshort	+0.0033%	1h	1,702.2	−0.812%	$11K	$37K	12x
tradeXYZ xyz:ASML	+0.0050%	1h	1,714	−0.125%	$2.8M	$798K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ASMLUSDTM	+0.0100%	8h	1,713.9	−0.131%	$214K	$323K	10x	as long as short
Phoenix ASML	+0.0140%	1h	1,714.1	−0.119%	$824	$19K	10x	as long as short
Polymarket Perps ASML-USD	+0.0221%	1h	1,716	−0.009%	$88K	$427K	10x	as long as short
BloFin ASML-USDT	+0.0749%	8h	1,715.9	−0.015%	$46K	$100K	20x	as long as short
Extended ASML-USD	+0.0768%	1h	1,715.6	−0.029%	$4K	$237K	10x	as long as short
Binance ASMLUSDT	+0.0772%	8h	1,716	−0.009%	$3.5M	$3.1M	20x	as long as short
GRVT ASML_USDT_Perp	+0.0882%	8h	1,715.8	−0.023%	$515	$200K	10x	as long as short