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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 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%
Price spread now: Lighter against Binance+3.258%7-day average +3.380% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$760.764% of the position
Long on BinanceShort 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 2 days (all we have)+0.127%+$13 · spread now +3.258%, 7d avg +3.380%
Together, before fees+0.024%+ Points / potential airdropLighter: Season 3 · farm board+$2 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 0.122% cheaper against Binance than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +3.380%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ANTHROPICUSDT2,105.60.0050pay 0.0050% / 8h1h 49m$31.8M$8.0M20x
ShortLighter ANTHROPIC2,174.20get 0.0000% / 1h49m 15s$1.9M$706K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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: +3.258% → +3.380%
−$12.23
Slippage, 4 orders
−$66.4
Fee Binance: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$99.13
Costs to cover
0.764%
Break-even
never at this rate
Slippage from Binance: live order book, 7 min ago; Lighter: live order book, 2 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 Binance live order book, 7 min ago0.81 bp20.4 bp −$2053.6 bp −$536doesn't fitdoesn't fit
Sell Lighter live order book, 2 min ago6.44 bp12.9 bp −$1340.7 bp −$407doesn'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−0.0336%1h2,119.1+0.640%$267K$27K5xas long as short
HTX ANTHROPIC-USDT−0.0275%8h2,105.4−0.011%$42K$70K20xas long as short
QFEX ANTHROPIC-USD−0.0004%1h2,105−0.030%$1.4M$1.5M10xas long as short
Lighter ANTHROPICshort0.0000%1h2,174.2+3.258%$1.9M$706K5x
Bybit ANTHROPICUSDT0.0000%8h2,155.1+2.352%$2.4M$376K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,164+2.774%$4.8M$1.1M10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,154.8+2.334%$2.4M$1.2M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,103.5−0.098%$25.8M$3.0M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,108.8+0.152%—$2.6M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,106+0.019%$1.6M$372K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,174.6+3.277%$6.2M$17.2M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,104.5−0.052%$19K$38K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,105.1−0.024%$123K$6K10xas long as short
Binance ANTHROPICUSDTlong+0.0050%8h2,105.6long leg$31.8M$8.0M20x
MEXC ANTHROPIC_USDT+0.0050%8h2,104.9−0.035%$7.8M$273K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,111.9+0.297%$476K$18K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,104.9−0.032%$2.3M$514K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,104.3−0.060%$10K$161K10xas long as short
BloFin ANTHROPIC-USDT+0.0079%8h2,105.4−0.009%$267K$260K20xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,105.1−0.026%$10K—10xas long as short
Entropy io:ANTH+0.0138%1h2,163.3+2.740%$35.2M$7.6M6xas long as short