Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h −0.017%
Price spread now: tradeXYZ against Phoenix−0.118%101s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. tradeXYZ is 0.118% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.118% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 7.9 days of funding at the current rate (+$2 a day). The two prices were read 101 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 | 1,695.5 | 0 | get 0.0000% / 1h | 5m 50s | $818 | $17K | 10x |
| Short | tradeXYZ xyz:ASML | 1,693.5 | 0.0050 | get 0.0006% / 1h | 5m 50s | $2.8M | $850K | 10x |
Phoenix ASML
tradeXYZ xyz:ASMLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.5
- Price spread: −0.118% → 0.000%
- −$11.8
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$26.3
- Costs to cover
- 0.250%
- Break-even
- 24.5 days
Slippage unknown: Phoenix: no order-book sample; tradeXYZ: live order book, 2 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 tradeXYZ live order book, 2 min ago | 1.18 bp | 13.0 bp −$13 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ASMLUSDT | 0.0000% | 8h | 1,695.2 | −0.019% | $14K | $12K | 20x | as long as short |
| Extended ASML-USD | 0.0000% | 1h | 1,695.2 | −0.017% | $4K | $254K | 10x | as long as short |
| Binance ASMLUSDT | 0.0000% | 8h | 1,695.8 | +0.018% | $3.2M | $3.6M | 20x | as long as short |
| Bybit ASMLUSDT | 0.0000% | 8h | 1,693.9 | −0.096% | $860K | $56K | 25x | as long as short |
| OKX ASML-USDT-SWAP | 0.0000% | 8h | 1,695.5 | 0.000% | $713K | $240K | 20x | as long as short |
| Gate ASML_USDT | 0.0000% | 8h | 1,694.8 | −0.041% | $1.1M | $493K | 50x | as long as short |
| Bitget ASMLUSDT | 0.0000% | 8h | 1,694.7 | −0.050% | $991K | $469K | 20x | as long as short |
| GRVT ASML_USDT_Perp | 0.0000% | 8h | 1,697.1 | +0.096% | $289 | $165K | 10x | as long as short |
| Phoenix ASMLlong | 0.0000% | 1h | 1,695.5 | long leg | $818 | $17K | 10x | |
| SunX ASML-USDT | 0.0000% | 8h | 1,693.7 | −0.106% | — | $997K | 10x | as long as short |
Aster ASMLUSDT
Extended ASML-USD
Binance ASMLUSDT
Bybit ASMLUSDT
OKX ASML-USDT-SWAP
Gate ASML_USDT
Bitget ASMLUSDT
GRVT ASML_USDT_Perp
SunX ASML-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ASML-USDT | 0.0000% | 8h | 1,694.7 | −0.049% | $10K | $62K | 20x | as long as short |
| BloFin ASML-USDT | +0.0015% | 8h | 1,696.5 | +0.060% | $47K | $90K | 20x | as long as short |
| Lighter ASML | +0.0032% | 1h | 1,696.1 | +0.035% | $56K | $3K | 10x | as long as short |
| Injective ASML/USDC PERP | +0.0033% | 1h | 1,702.2 | +0.396% | $11K | $37K | 12x | as long as short |
| tradeXYZ xyz:ASMLshort | +0.0050% | 1h | 1,693.5 | −0.118% | $2.8M | $850K | 10x | |
| Polymarket Perps ASML-USD | +0.0050% | 1h | 1,695 | −0.029% | $67K | $448K | 10x | as long as short |
| KuCoin ASMLUSDTM | +0.0100% | 8h | 1,693.5 | −0.121% | $213K | $286K | 10x | as long as short |
HTX ASML-USDT
BloFin ASML-USDT
Lighter ASML
Injective ASML/USDC PERP
Polymarket Perps ASML-USD
KuCoin ASMLUSDTM