Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.030%

Price spread now: Aster against Phoenix−0.001%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ASML	1,722.6	0.0093	pay 0.0012% / 1h	13m 02s	$824	$17K	10x
Short	Aster ASMLUSDT	1,722.6	0	get 0.0000% / 8h	5h 13m	$14K	$12K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phoenix. 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 PhoenixbpFee AsterbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$19.53
Price spread: −0.001% → 0.000%: −$0.13
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.65
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: 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 Phoenix no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Phoenix 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
Aster ASMLUSDTshort	0.0000%	8h	1,722.6	−0.001%	$14K	$12K	20x
Bybit ASMLUSDT	0.0000%	8h	1,722.1	−0.029%	$871K	$126K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,723.8	+0.070%	$728K	$297K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,723.3	+0.043%	$1.1M	$600K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,722.9	+0.017%	$985K	$531K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,723	+0.023%	$362	$182K	10x	as long as short
SunX ASML-USDT	0.0000%	8h	1,721.9	−0.038%	$1K	$1.1M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,724.4	+0.102%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,724.7	+0.122%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−1.183%	$11K	$37K	12x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ASML	+0.0050%	1h	1,722	−0.035%	$2.8M	$784K	10x	as long as short
Polymarket Perps ASML-USD	+0.0059%	1h	1,723.5	+0.052%	$68K	$447K	10x	as long as short
Phoenix ASMLlong	+0.0093%	1h	1,722.6	long leg	$824	$17K	10x
KuCoin ASMLUSDTM	+0.0100%	8h	1,720.3	−0.135%	$217K	$317K	10x	as long as short
BloFin ASML-USDT	+0.0335%	8h	1,722.7	+0.005%	$47K	$93K	20x	as long as short
Extended ASML-USD	+0.0344%	1h	1,722.5	−0.007%	$7K	$339K	10x	as long as short
Binance ASMLUSDT	+0.0344%	8h	1,722.9	+0.017%	$3.3M	$3.5M	20x	as long as short