Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0770%/8h= +84.3% APRpaid last 24h +0.078%

Price spread now: Binance against Injective+1.319%67s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Binance

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

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Binance is 1.319% dearer against Injective than usual: you sell high and buy low: +$132 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 67 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	Injective ASML/USDC PERP	1,702.2	0.0033	pay 0.0004% / 1h	30m 08s	$11K	$37K	12x
Short	Binance ASMLUSDT	1,724.7	0.0803	get 0.0803% / 8h	7h 30m	$3.6M	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now +1.319%Rate

Funding earned: $161.66
Price spread: +1.319% → 0.000%: $131.95
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $283.58
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Binance: live order book, 6 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 6 min ago	1.39 bp	11.9 bp −$12	41.5 bp −$415	doesn't fit	doesn't fit

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	1,724.2	+1.289%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,724.1	+1.286%	$886K	$126K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,725	+1.338%	$729K	$307K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,723.5	+1.250%	$1.1M	$691K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,723.8	+1.268%	$1.0M	$500K	20x	as long as short
SunX ASML-USDT	0.0000%	8h	1,723.6	+1.257%	$1K	$1.2M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,725.8	+1.383%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,725.3	+1.356%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERPlong	+0.0033%	1h	1,702.2	long leg	$11K	$37K	12x
tradeXYZ xyz:ASML	+0.0050%	1h	1,723.6	+1.256%	$2.8M	$793K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ASML-USD	+0.0050%	1h	1,724.6	+1.315%	$69K	$446K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,721.9	+1.158%	$216K	$330K	10x	as long as short
Phoenix ASML	+0.0140%	1h	1,723.1	+1.227%	$825	$19K	10x	as long as short
GRVT ASML_USDT_Perp	+0.0210%	8h	1,724.1	+1.285%	$328	$195K	10x	as long as short
BloFin ASML-USDT	+0.0783%	8h	1,724.2	+1.291%	$46K	$101K	20x	as long as short
Extended ASML-USD	+0.0800%	1h	1,724.3	+1.298%	$4K	$349K	10x	as long as short
Binance ASMLUSDTshort	+0.0803%	8h	1,724.7	+1.319%	$3.6M	$3.1M	20x