TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG1,892.700.0000% / 8h5h 44m$1.6M$733K25xLong Bybit
SHORT1,887.6−0.0085pay 0.0011% / 1h44m 13s$1.0M$50K6xShort Phoenix
Price gap−0.271%92s
Funding gap−0.0085% /8h

Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.239% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding$0−0.0085% /8h now · paid −0.004% over the last 7D
Price—spread −0.271%92s now · prices read too far apart to compare
Costs−$1241.238% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.271%
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

/8h

ANTHROPIC on 27 exchanges

lowest funding first

Before you open

0 ok · 4 to watch
  • Watch: Thin at this size20.1 / 43.9 bp
    At $10k entering Phoenix costs 43.9 bp, fee and slippage, 2.2× Bybit’s.
  • Note: Margin at max leverage$400 + $1,667
    Bybit 25x, Phoenix 6x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$2.54Long Bybit: 3 payments, $0.00; short Phoenix: 24 payments, −$2.54.
  • Watch: Prices read 92 s apart−0.271% vs −0.032%
    Part of this gap may be the market moving.
  • Note: Short leg is thinner$1.0M vs $1.6M OI
    Both legs are deep; Phoenix is the smaller one.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Yes · Phoenix No
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0002%/8h × 21 periods−$0.38
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$105.82
Fee Bybit bp × 2 orders−$11.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$124.20
price spread not counted: prices read too far apart
Costs to cover1.238%Break-evennever at this rate
Slippage: Bybit: live order book, 1 min ago; Phoenix: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit1.3220.1 bp−$2063.3 bp−$633doesn’t fitdoesn’t fit
SELL · SHORTPhoenix3.1843.9 bp−$44281.8 bp−$2,818doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

ANTHROPIC news

posts that mention ANTHROPIC or Anthropic, from every exchangeSearch all news →
10-27 14:37KalshiOtherJUST IN: Anthropic pays each trustee of its safety trust $400,000 a year @Kalshi on X ↗
10-27 13:30Vest MarketsOtherInto the open, $AVGO is up around 3%, with a $63B deal announced yesterday to fund Broadcom chips leased to Anthropic. Bank of America, Citi and Morgan Stanley are arranging the first lien and Blackstone the second, via a new vehicle that buys the hardware. Broadcom provides residual value support equal to the first lien, with deliveries starting in 2027 and $AVGO adding to a 2.3% gain in the prior session. @VestExchange on X ↗
10-27 13:27ParagonListingAnthropic ($ANTH) is now trading 24/7 on Hyperliquid. Up to 10x leverage. Anthropic is the AI research company behind Claude. $ANTH is a pre-listing perpetual, pricing Anthropic ahead of its public listing. Trade now on Hyperliquid: @tradeparagon on X ↗
10-27 12:34BingXOtherThe Anthropic IPO countdown is ON ⏳ New users get $15 in ANTHROPIC on their first trade, while existing users can trade AI stocks to earn ANTHROPIC. Join Oct 27, 20:00 – Nov 6, 23:59 (UTC+8) and unlock $500,000 USDT in rewards 👇 @BingXOfficial on X ↗
10-27 11:24ParagonListingnew market para:ANTH ($ANTHROPIC) seen by our collector
10-27 10:48edgeXListingnew market ANTHROPICUSDC ($ANTHROPIC) seen by our collector