Funding arb · Price arb /

ASML

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0141%/8h= +15.4% APRpaid last 24h +0.031%

Price spread now: Phoenix against SunX−0.080%69s7-day average — · you buy dearer than you sell

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

Long on SunX 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

Funding pays, the price is against you. Phoenix is 0.080% cheaper against SunX than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 45 hours of funding at the current rate (+$4 a day). The two prices were read 69 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	SunX ASML-USDT	1,706.9	0	get 0.0000% / 8h	2h 30m	$2K	$1.1M	10x
Short	Phoenix ASML	1,705.5	0.0141	get 0.0018% / 1h	30m 03s	$818	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against SunX. 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 SunXbpFee PhoenixbpOrdersPrice spread, now −0.080%Rate

Funding earned: $29.55
Price spread: −0.080% → 0.000%: −$7.97
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $6.59
Costs to cover: 0.150%
Break-even: 5.4 days

Slippage unknown: SunX: live order book, 3 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 SunX live order book, 3 min ago	246.83 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	−0.0024%	8h	1,707.1	+0.014%	$47K	$91K	20x	as long as short
Aster ASMLUSDT	0.0000%	8h	1,706.6	−0.016%	$14K	$12K	20x	as long as short
Extended ASML-USD	0.0000%	1h	1,707.1	+0.016%	$5K	$239K	10x	as long as short
Binance ASMLUSDT	0.0000%	8h	1,707.6	+0.043%	$3.2M	$3.7M	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,706.5	−0.021%	$865K	$136K	25x	as long as short
OKX ASML-USDT-SWAP	0.0000%	8h	1,708	+0.067%	$725K	$303K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,707.2	+0.022%	$1.1M	$548K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,707.5	+0.037%	$981K	$531K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,707.5	+0.036%	$307	$175K	10x	as long as short
SunX ASML-USDTlong	0.0000%	8h	1,706.9	long leg	$2K	$1.1M	10x

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	−0.183%	$10K	$62K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,708.3	+0.084%	$56K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−0.272%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASML	+0.0050%	1h	1,705.9	−0.056%	$2.8M	$838K	10x	as long as short
Polymarket Perps ASML-USD	+0.0050%	1h	1,706.8	−0.004%	$67K	$448K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,705.4	−0.083%	$215K	$296K	10x	as long as short
Phoenix ASMLshort	+0.0141%	1h	1,705.5	−0.080%	$818	$19K	10x