Funding arb · Price arb /

ASML

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against KuCoin−0.435%55s7-day average — · you buy dearer than you sell

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

Long on KuCoin 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.435% cheaper against KuCoin than usual: you would sell low and buy high (−$44 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 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	KuCoin ASMLUSDTM	1,709.7	0.0100	pay 0.0100% / 8h	3h 16m	$215K	$307K	10x
Short	Injective ASML/USDC PERP	1,702.2	0.0033	get 0.0004% / 1h	16m 17s	$11K	$37K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now −0.435%Rate

Funding earned: −$14
Price spread: −0.435% → 0.000%: −$43.52
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$69.54
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 55 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 KuCoin live order book, 55 min ago	24.29 bp	doesn't fit	doesn't fit	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	1,711.6	+0.116%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,711.9	+0.133%	$866K	$133K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,711.6	+0.113%	$726K	$305K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,712	+0.139%	$1.1M	$545K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,712	+0.136%	$984K	$516K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,712	+0.139%	$325	$177K	10x	as long as short
SunX ASML-USDT	0.0000%	8h	1,711.1	+0.085%	$970	$1.1M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,709.8	+0.006%	$10K	$62K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,713.5	+0.225%	$56K	$3K	10x	as long as short
Injective ASML/USDC PERPshort	+0.0033%	1h	1,702.2	−0.435%	$11K	$37K	12x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ASML-USDT	+0.0048%	8h	1,712.6	+0.173%	$47K	$91K	20x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,710.6	+0.055%	$2.8M	$852K	10x	as long as short
Polymarket Perps ASML-USD	+0.0050%	1h	1,712.4	+0.160%	$67K	$447K	10x	as long as short
Extended ASML-USD	+0.0064%	1h	1,711.8	+0.123%	$4K	$201K	10x	as long as short
Binance ASMLUSDT	+0.0065%	8h	1,712.2	+0.151%	$3.3M	$3.5M	20x	as long as short
KuCoin ASMLUSDTMlong	+0.0100%	8h	1,709.7	long leg	$215K	$307K	10x
Phoenix ASML	+0.0140%	1h	1,711.8	+0.125%	$821	$19K	10x	as long as short