Funding arb · Price arb /

ASML

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%

Price spread now: SunX against Injective+1.073%61s7-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 SunX

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

The price spread pays, funding is against you. SunX is 1.073% dearer against Injective than usual: you sell high and buy low (spread +1.073% now, against zero (this spread has no 7-day history yet)): +$107 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4 months. The two prices were read 61 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	19m 35s	$11K	$37K	12x
Short	SunX ASML-USDT	1,720.5	0	get 0.0000% / 8h	6h 19m	$950	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +1.073%Rate

Funding earned: −$7
Price spread: +1.073% → 0.000%: $107.33
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: $92.31
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; SunX: live order book, 4 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 SunX live order book, 4 min ago	500.02 bp	doesn't fit	doesn't fit	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 16 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	1,720	+1.046%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,719.6	+1.019%	$871K	$127K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,721.6	+1.139%	$728K	$299K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,720.9	+1.095%	$1.1M	$693K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,721.9	+1.158%	$985K	$534K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,721.8	+1.150%	$362	$187K	10x	as long as short
SunX ASML-USDTshort	0.0000%	8h	1,720.5	+1.073%	$950	$1.2M	10x
HTX ASML-USDT	0.0000%	8h	1,719.5	+1.013%	$11K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,721.8	+1.150%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERPlong	+0.0033%	1h	1,702.2	long leg	$11K	$37K	12x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ASML	+0.0046%	1h	1,720.6	+1.080%	$828	$19K	10x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,720.2	+1.056%	$2.8M	$792K	10x	as long as short
Polymarket Perps ASML-USD	+0.0050%	1h	1,721.4	+1.127%	$67K	$447K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,719.4	+1.012%	$216K	$319K	10x	as long as short
Binance ASMLUSDT	+0.0582%	8h	1,720.1	+1.048%	$3.3M	$3.6M	20x	as long as short
Extended ASML-USD	+0.0584%	1h	1,719.6	+1.021%	$4K	$345K	10x	as long as short