Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,892.7 | 0 | 0.0000% / 8h | 5h 44m | $1.6M | $733K | 25x | Long Bybit | |
| SHORT | 1,887.6 | −0.0085 | pay 0.0011% / 1h | 44m 13s | $1.0M | $50K | 6x | Short 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 forecastFunding$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 · 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−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
/8hANTHROPIC on 27 exchanges
lowest funding firstBefore you open
0 ok · 4 to watch- Watch: Thin at this size20.1 / 43.9 bpAt $10k entering Phoenix costs 43.9 bp, fee and slippage, 2.2× Bybit’s.
- Note: Margin at max leverage$400 + $1,667Bybit 25x, 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: −$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 OIBoth legs are deep; Phoenix is the smaller one.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBybit Yes · Phoenix NoStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding 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 apartCosts to cover1.238%Break-evennever at this rate
Slippage: Bybit: live order book, 1 min ago; Phoenix: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · 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.
| 10-27 14:37 | Kalshi | Other | JUST IN: Anthropic pays each trustee of its safety trust $400,000 a year @Kalshi on X ↗ |
| 10-27 13:30 | Vest Markets | Other | Into 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 $AVGO adding to a 2.3% gain in the prior session. @VestExchange on X ↗ |
| 10-27 13:27 | Paragon | Listing | Anthropic ($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 12:34 | BingX | Other | The 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 $500,000 USDT in rewards 👇 @BingXOfficial on X ↗ |
| 10-27 11:24 | Paragon | Listing | new market para:ANTH ($ANTHROPIC) seen by our collector |
| 10-27 10:48 | edgeX | Listing | new market ANTHROPICUSDC ($ANTHROPIC) seen by our collector |


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