Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,899.9 | +0.0512 | pay 0.0512% / 8h | 5h 47m | $16.7M | $6.3M | 20x | Long Bitget | |
| SHORT | 1,942.1 | +0.0371 | get 0.0046% / 1h | 47m 07s | $1.1M | $44K | 6x | Short Phoenix |
Price gap+2.221%
Funding gap−0.0141% /8h
The gap pays +$46 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 11 days. At the last 7 days' pace that is about 39 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$8−0.0141% /8h now · paid −0.082% over the last 7D
Price+$46spread +2.221% now, avg +1.764% → +0.457% if it goes back
Costs−$1041.040% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+2.221%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hANTHROPIC on 26 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size10.2 / 43.9 bpAt $10k entering Phoenix costs 43.9 bp, fee and slippage, 4.3× Bitget’s.
- Note: Margin at max leverage$500 + $1,667Bitget 20x, Phoenix 6x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$4.24Long Bitget: 3 payments, −$15.36; short Phoenix: 24 payments, +$11.12.
- OK: Entry gap works for you+2.221% vs +1.764%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$1.1M vs $16.7M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBitget Yes · Phoenix NoKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0039%/8h × 21 periods−$8.19
Price spread+2.221% → +1.764% (7d avg)+$45.74
Slippage, 4 orderslive order books−$85.03
Fee Bitget bp × 2 orders−$12.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$66.49
Costs to cover1.040%Break-evennever at this rate
Slippage: Bitget: live order book, 6 min ago; Phoenix: live order book, just nowCost to enter
taker + slippage from mid, one sideBUY · LONGBitget0.1610.2 bp−$1034.3 bp−$343doesn’t fitdoesn’t fit
SELL · SHORTPhoenix3.0943.9 bp−$44279.2 bp−$2,792doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-25 07:00 | MEXC | Other | Everyone wants a slice. When Anthropic goes public, who deserves the biggest piece of the pie? 🥧 Drop your split below. 👇 @MEXC on X ↗ |
| 10-25 07:00 | MEXC | Other | Our Anthropic Pre-IPO Launchpad is coming. Complete missions first for a chance to win ANTHROPIC(PRE), an NVIDIA H200 GPU, and more! Win now. 👉 @MEXC on X ↗ |
| 10-24 20:00 | Kalshi | Other | BREAKING: Anthropic's highest ranking executives have pledged to give away 80% of their personal wealth @Kalshi on X ↗ |
| 10-24 19:20 | Kalshi | Other | JUST IN: UK partners with OpenAI, Anthropic, and Google to launch AI lab focused on preventing biological threats @Kalshi on X ↗ |
| 10-23 22:30 | Markets by Kinetiq | Other | OpenAI's pre-IPO price is down 10% this month while Anthropic's is down 7%. China's Moonshot says its Kimi K3.1 Pro matches Claude Opus 5.5 on Terminal-Bench for about a third of the cost. @Markets_xyz on X ↗ |
| 10-23 13:00 | MEXC | Other | Get ready for our Anthropic Pre-IPO Launchpad. 👀 Complete missions and enter our lucky draw to win exclusive rewards! Prizes include ANTHROPIC(PRE), NVIDIA H200 GPU, and more! Be part of the Pre-IPO hype and get in on the action now. 👉 @MEXC on X ↗ |


MEXC
Kalshi