Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0141%/8h= −15.4% APRpaid last 24h +0.057%

Price spread now: Binance against Phoenix−0.179%65s7-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 Binance

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 against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.179% cheaper against Phoenix than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 65 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	Phoenix ASML	1,705.5	0.0141	pay 0.0018% / 1h	28m 15s	$819	$19K	10x
Short	Binance ASMLUSDT	1,702.4	0	get 0.0000% / 8h	2h 28m	$3.2M	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.179%Rate

Funding earned: −$29.55
Price spread: −0.179% → 0.000%: −$17.91
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$64.46
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Binance: live order book, 8 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 Phoenix no order-book sample	—	—	—	—	—
Sell Binance live order book, 8 min ago	0.03 bp	16.2 bp −$16	46.3 bp −$463	doesn't fit	doesn't fit

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	−0.0013%	8h	1,707.1	+0.094%	$47K	$91K	20x	as long as short
Aster ASMLUSDT	0.0000%	8h	1,702.3	−0.186%	$14K	$12K	20x	as long as short
Extended ASML-USD	0.0000%	1h	1,702	−0.207%	$5K	$239K	10x	as long as short
Binance ASMLUSDTshort	0.0000%	8h	1,702.4	−0.179%	$3.2M	$3.7M	20x
Bybit ASMLUSDT	0.0000%	8h	1,702.7	−0.162%	$863K	$136K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,708	+0.147%	$725K	$303K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,705.7	+0.013%	$1.1M	$548K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,707.5	+0.117%	$981K	$531K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,707.2	+0.097%	$307	$175K	10x	as long as short
SunX ASML-USDT	0.0000%	8h	1,707.2	+0.102%	$1K	$1.1M	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	1,703.7	−0.103%	$10K	$62K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,706.8	+0.076%	$56K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−0.192%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,702.9	−0.152%	$2.8M	$830K	10x	as long as short
Polymarket Perps ASML-USD	+0.0050%	1h	1,704.6	−0.053%	$67K	$448K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,704.4	−0.064%	$215K	$296K	10x	as long as short
Phoenix ASMLlong	+0.0141%	1h	1,705.5	long leg	$819	$19K	10x