Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.001%

Price spread now: Phoenix against KuCoin+0.057%108s7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 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 +$1 a day on $10k at the current rate, and Phoenix is 0.057% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 108 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	1,697.4	0.0100	pay 0.0100% / 8h	6h 57m	$214K	$345K	10x
Short	Phoenix ASML	1,698.4	0.0142	get 0.0018% / 1h	57m 38s	$816	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.057%Rate

Funding earned: $8.82
Price spread: +0.057% → 0.000%: $5.66
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$4.53
Costs to cover: 0.190%
Break-even: 10.6 days

Slippage unknown: KuCoin: live order book, 25 min ago; Phoenix: 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, 25 min ago	15.24 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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
BloFin ASML-USDT	−0.0011%	8h	1,699.9	+0.144%	$47K	$90K	20x	as long as short
Aster ASMLUSDT	0.0000%	8h	1,696	−0.084%	$14K	$12K	20x	as long as short
Extended ASML-USD	0.0000%	1h	1,699.5	+0.119%	$4K	$252K	10x	as long as short
Binance ASMLUSDT	0.0000%	8h	1,699.9	+0.146%	$3.2M	$3.6M	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,698.9	+0.085%	$864K	$59K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,700	+0.151%	$716K	$247K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,698.9	+0.086%	$1.1M	$478K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,698.9	+0.087%	$1.0M	$467K	20x	as long as short
SunX ASML-USDT	0.0000%	8h	1,698.5	+0.065%	$1K	$889K	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,697.5	+0.002%	$10K	$64K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ASML	+0.0032%	1h	1,702.1	+0.275%	$56K	$206	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	+0.282%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,697.7	+0.015%	$2.8M	$751K	10x	as long as short
Polymarket Perps ASML-USD	+0.0050%	1h	1,700.1	+0.157%	$67K	$312K	10x	as long as short
KuCoin ASMLUSDTMlong	+0.0100%	8h	1,697.4	long leg	$214K	$345K	10x
Phoenix ASMLshort	+0.0142%	1h	1,698.4	+0.057%	$816	$17K	10x
GRVT ASML_USDT_Perp	+0.0241%	8h	1,700.3	+0.167%	$306	$157K	10x	as long as short