Funding arb · Price arb /

ASML

RWAall ASML markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Bybit against tradeXYZ−0.010%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$670.667% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.217%−$22 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.010%, 7d avg +0.047%

Together, before fees−0.188%+ Points / potential airdroptradeXYZ: Active · farm board−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.058% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.047%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:ASML	1,718.2	0.0050	pay 0.0006% / 1h	35m 05s	$2.8M	$797K	10x
Short	Bybit ASMLUSDT	1,718	0	get 0.0000% / 8h	6h 35m	$870K	$128K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against tradeXYZ. 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 tradeXYZbpFee BybitbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$10.5
Price spread: −0.010% → +0.047%: −$5.76
Slippage, 4 orders: −$37.73
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$82.98
Costs to cover: 0.667%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 2 min ago; Bybit: live order book, 30 min ago.

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 tradeXYZ live order book, 2 min ago	1.46 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 30 min ago	6.54 bp	16.9 bp −$17	155.3 bp −$1,553	doesn't fit	doesn't fit

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	1,719.1	+0.052%	$14K	$12K	20x	as long as short
Bybit ASMLUSDTshort	0.0000%	8h	1,718	−0.010%	$870K	$128K	25x
OKX ASML-USDT-SWAP	0.0000%	8h	1,720	+0.105%	$728K	$306K	20x	as long as short
Gate ASML_USDT	0.0000%	8h	1,719.1	+0.050%	$1.1M	$679K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,719.2	+0.059%	$984K	$535K	20x	as long as short
GRVT ASML_USDT_Perp	0.0000%	8h	1,721.7	+0.204%	$327	$188K	10x	as long as short
SunX ASML-USDT	0.0000%	8h	1,718.1	−0.006%	$907	$1.2M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,718.2	−0.002%	$10K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,720.8	+0.151%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−0.930%	$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
Phoenix ASML	+0.0046%	1h	1,718.1	−0.006%	$825	$19K	10x	as long as short
tradeXYZ xyz:ASMLlong	+0.0050%	1h	1,718.2	long leg	$2.8M	$797K	10x
Polymarket Perps ASML-USD	+0.0050%	1h	1,719.1	+0.052%	$69K	$446K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,718.6	+0.023%	$217K	$319K	10x	as long as short
Binance ASMLUSDT	+0.0640%	8h	1,719.8	+0.093%	$3.5M	$3.5M	20x	as long as short
Extended ASML-USD	+0.0640%	1h	1,719.6	+0.082%	$6K	$342K	10x	as long as short
BloFin ASML-USDT	+0.0715%	8h	1,725.1	+0.402%	$47K	$101K	20x	as long as short