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: OKX against tradeXYZ−0.017%7-day average +0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$630.630% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.017%, 7d avg +0.101%

Together, before fees−0.104%+ Points / potential airdroptradeXYZ: Active · farm board−$10 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 OKX is 0.118% cheaper against tradeXYZ than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.101%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:ASML	1,726.3	0.0050	pay 0.0006% / 1h	59m 33s	$2.8M	$765K	10x
Short	OKX ASML-USDT-SWAP	1,726	0	get 0.0000% / 8h	6h 59m	$729K	$305K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$10.5
Price spread: −0.017% → +0.101%: −$11.79
Slippage, 4 orders: −$35
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$85.29
Costs to cover: 0.630%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; OKX: live order book, 6 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, 8 min ago	2.32 bp	16.5 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	4.05 bp	10.3 bp −$10	77.2 bp −$772	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	1,727.1	+0.046%	$14K	$12K	20x	as long as short
Bybit ASMLUSDT	0.0000%	8h	1,726.1	−0.012%	$887K	$121K	25x	as long as short
OKX ASML-USDT-SWAPshort	0.0000%	8h	1,726	−0.017%	$729K	$305K	20x
Gate ASML_USDT	0.0000%	8h	1,726.4	+0.004%	$1.1M	$651K	50x	as long as short
Bitget ASMLUSDT	0.0000%	8h	1,726.3	−0.001%	$1.0M	$501K	20x	as long as short
SunX ASML-USDT	0.0000%	8h	1,726.2	−0.005%	$1K	$1.2M	10x	as long as short
HTX ASML-USDT	0.0000%	8h	1,729.9	+0.209%	$11K	$59K	20x	as long as short
Lighter ASML	+0.0032%	1h	1,728.6	+0.133%	$57K	$3K	10x	as long as short
Injective ASML/USDC PERP	+0.0033%	1h	1,702.2	−1.395%	$11K	$37K	12x	as long as short
tradeXYZ xyz:ASMLlong	+0.0050%	1h	1,726.3	long leg	$2.8M	$765K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ASML-USD	+0.0050%	1h	1,726.5	+0.012%	$69K	$446K	10x	as long as short
GRVT ASML_USDT_Perp	+0.0068%	8h	1,727	+0.042%	$328	$191K	10x	as long as short
KuCoin ASMLUSDTM	+0.0100%	8h	1,725.1	−0.072%	$217K	$324K	10x	as long as short
Phoenix ASML	+0.0140%	1h	1,726.1	−0.012%	$828	$19K	10x	as long as short
BloFin ASML-USDT	+0.0702%	8h	1,727.1	+0.047%	$46K	$102K	20x	as long as short
Binance ASMLUSDT	+0.0724%	8h	1,727.1	+0.046%	$3.6M	$3.1M	20x	as long as short
Extended ASML-USD	+0.0728%	1h	1,726.8	+0.030%	$4K	$344K	10x	as long as short