Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Aster against Lighter−0.049%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.049% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASML	1,684.4	0.0032	pay 0.0004% / 1h	26m 15s	$56K	$3K	10x
Short	Aster ASMLUSDT	1,683.6	0	get 0.0000% / 8h	7h 26m	$14K	$12K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$6.72
Price spread: −0.049% → 0.000%: −$4.9
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$19.62
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Aster: 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 Lighter no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Lighter and Aster: 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	−0.0005%	8h	1,682.4	−0.117%	$47K	$89K	20x	as long as short
Aster ASMLUSDTshort	0.0000%	8h	1,683.6	−0.049%	$14K	$12K	20x
Extended ASML-USD	0.0000%	1h	1,682.4	−0.116%	$6K	$258K	10x	as long as short
Binance ASMLUSDT	0.0000%	8h	1,682.9	−0.087%	$3.2M	$3.6M	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,682.1	−0.135%	$857K	$59K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,682.3	−0.125%	$709K	$246K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,682.7	−0.104%	$1.1M	$484K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,681.8	−0.153%	$985K	$467K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,683.3	−0.065%	$303	$159K	10x	as long as short
SunX ASML-USDT	0.0000%	8h	1,683.2	−0.069%	$956	$931K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ASML-USDT	0.0000%	8h	1,684.3	−0.009%	$10K	$62K	20x	as long as short
Lighter ASMLlong	+0.0032%	1h	1,684.4	long leg	$56K	$3K	10x
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	+1.058%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,681.2	−0.190%	$2.7M	$774K	10x	as long as short
Polymarket Perps ASML-USD	+0.0050%	1h	1,681.2	−0.190%	$66K	$372K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,681.2	−0.189%	$212K	$320K	10x	as long as short
Phoenix ASML	+0.0142%	1h	1,681.3	−0.184%	$806	$17K	10x	as long as short