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Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%
Price spread now: Lighter against Aster+3.083%7-day average +3.391% · you sell dearer than you buy
Net, funding: paid 7d − costs−$238as in the Funding arb table
Net, price: spread back to 7d avg − costs−$259as in the Price arb table
costs, in and out, $10k−$2282.277% of the position
Long on AsterShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days−0.103%−$10 on $10k
Price spread, last 4 days (all we have)+1.263%+$126 · spread now +3.083%, 7d avg +3.391%
Together, before fees+1.159%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$116 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 Lighter is 0.308% cheaper against Aster than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of +3.391%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ANTHROPICUSDT2,108.30.0050pay 0.0050% / 8h20m 39s$123K$6K10x
ShortLighter ANTHROPIC2,173.30get 0.0000% / 1h20m 39s$1.9M$713K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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

Funding earned
−$10.5
Price spread: +3.083% → +3.391%
−$30.81
Slippage, 4 orders
−$219.71
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$269.02
Costs to cover
2.277%
Break-even
never at this rate
Slippage from Aster: live order book, 55 min ago; Lighter: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 55 min ago52.14 bp148.9 bp −$149doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 6 min ago0.23 bp8.4 bp −$840.3 bp −$403doesn't fitdoesn't fit

ANTHROPIC on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International ANTHROPIC-PERP-INTX−0.0376%1h2,119.1+0.510%$267K$26K5xas long as short
HTX ANTHROPIC-USDT−0.0278%8h2,108.7+0.018%$42K$70K20xas long as short
QFEX ANTHROPIC-USD−0.0002%1h2,108.2−0.006%$1.4M$1.5M10xas long as short
Lighter ANTHROPICshort0.0000%1h2,173.3+3.083%$1.9M$713K5x
Bybit ANTHROPICUSDT0.0000%8h2,154.5+2.188%$2.4M$377K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,171+2.973%$4.8M$1.2M10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,155.7+2.245%$2.4M$1.2M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,104.4−0.187%$25.8M$3.1M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,112.2+0.185%—$2.6M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,109.1+0.038%$1.6M$376K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,172.1+3.026%$6.3M$17.1M5xas long as short
BloFin ANTHROPIC-USDT+0.0045%8h2,108.2−0.004%$268K$259K20xas long as short
Extended ANTHROP-USD+0.0048%1h2,107.9−0.019%$19K$38K10xas long as short
Aster ANTHROPICUSDTlong+0.0050%8h2,108.3long leg$123K$6K10x
Binance ANTHROPICUSDT+0.0050%8h2,108.3−0.003%$31.9M$8.1M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,107.8−0.025%$7.8M$278K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,122.2+0.660%$479K$21K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,107.9−0.018%$2.3M$515K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,107.1−0.055%$10K$157K10xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,108.3+0.001%$10K—10xas long as short
Entropy io:ANTH+0.0112%1h2,161.1+2.504%$35.1M$7.7M6xas long as short