Funding you earn now, next payment 23:00 UTC+0.0408%/8h= +44.7% APRnext payment +$0.51 per $10,000 · paid last 24h −0.061%
Price spread now: Lighter RH against Coinbase International+2.498%7-day average +3.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$760.757% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 3 days (all we have)+0.685%+$68 · spread now +2.498%, 7d avg +3.086%
=Together, before fees+0.725%+ Points / potential airdropLighter RH: Points live · farm board+$72 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.588% cheaper against Coinbase International than usual: you would sell low and buy high (spread +2.498% now, against its 7-day average of +3.086%). If the spread goes back, that is −$59 on $10k: about 4.8 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.040% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ANTHROPIC-PERP-INTX | 2,119.1 | −0.0376 | get 0.0047% / 1h | 40m 40s | $267K | $26K | 5x |
| Short | Lighter RH ANTHROPIC | 2,172 | 0.0032 | get 0.0004% / 1h | 40m 40s | $6.3M | $17.0M | 5x |
Coinbase International ANTHROPIC-PERP-INTX
Lighter RH ANTHROPICFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $85.68
- Price spread: +2.498% → +3.086%
- −$58.82
- Slippage, 4 orders
- −$65.65
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$48.79
- Costs to cover
- 0.757%
- Break-even
- 11.0 days
Slippage from Coinbase International: live order book, 37 min ago; Lighter RH: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Coinbase International live order book, 37 min ago | 25.39 bp | 43.1 bp −$43 | 63.3 bp −$633 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.23 bp | 0.2 bp $0 | 9.2 bp −$92 | 140.5 bp −$14.0K | doesn't fit |
ANTHROPIC on 21 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ANTHROPIC-PERP-INTXlong | −0.0376% | 1h | 2,119.1 | long leg | $267K | $26K | 5x | |
| HTX ANTHROPIC-USDT | −0.0271% | 8h | 2,107.7 | −0.538% | $42K | $70K | 20x | as long as short |
| QFEX ANTHROPIC-USD | −0.0002% | 1h | 2,107 | −0.568% | $1.4M | $1.5M | 10x | as long as short |
| Lighter ANTHROPIC | 0.0000% | 1h | 2,172.8 | +2.536% | $1.9M | $710K | 5x | as long as short |
| Bybit ANTHROPICUSDT | 0.0000% | 8h | 2,151.2 | +1.517% | $2.3M | $376K | 25x | as long as short |
| OKX ANTHROPIC-USDT-SWAP | 0.0000% | 8h | 2,167.7 | +2.295% | $4.8M | $1.1M | 10x | as long as short |
| Gate ANTHROPIC_USDT | 0.0000% | 8h | 2,153.8 | +1.640% | $2.4M | $1.2M | 50x | as long as short |
| Bitget ANTHROPICUSDT | 0.0000% | 8h | 2,104.2 | −0.700% | $25.8M | $3.1M | 20x | as long as short |
| SunX ANTHROPIC-USDT | 0.0000% | 8h | 2,111.1 | −0.376% | — | $2.6M | 10x | as long as short |
| Phemex ANTHROPICUSDT | 0.0000% | 8h | 2,107.6 | −0.543% | $1.6M | $374K | 10x | as long as short |
HTX ANTHROPIC-USDT
QFEX ANTHROPIC-USD
Lighter ANTHROPIC
Bybit ANTHROPICUSDT
OKX ANTHROPIC-USDT-SWAP
Gate ANTHROPIC_USDT
Bitget ANTHROPICUSDT
SunX ANTHROPIC-USDT
Phemex ANTHROPICUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ANTHROPIC-USDT | +0.0023% | 8h | 2,107 | −0.569% | $266K | $260K | 20x | as long as short |
| Lighter RH ANTHROPICshort | +0.0032% | 1h | 2,172 | +2.498% | $6.3M | $17.0M | 5x | |
| Extended ANTHROP-USD | +0.0048% | 1h | 2,107.1 | −0.567% | $19K | $38K | 10x | as long as short |
| Aster ANTHROPICUSDT | +0.0050% | 8h | 2,107.4 | −0.549% | $123K | $6K | 10x | as long as short |
| Binance ANTHROPICUSDT | +0.0050% | 8h | 2,107.4 | −0.549% | $31.9M | $8.1M | 20x | as long as short |
| MEXC ANTHROPIC_USDT | +0.0050% | 8h | 2,107.3 | −0.557% | $7.8M | $277K | 50x | as long as short |
| KuCoin ANTHROPICUSDTM | +0.0050% | 8h | 2,117.2 | −0.088% | $478K | $20K | 20x | as long as short |
| Variational Omni ANTHROPIC | +0.0050% | 8h | 2,106.9 | −0.576% | $2.3M | $503K | — | as long as short |
| GRVT ANTHROPIC_USDT_Perp | +0.0050% | 8h | 2,107 | −0.571% | $10K | $158K | 10x | as long as short |
| Entropy io:ANTH | +0.0094% | 1h | 2,160.7 | +1.965% | $35.1M | $7.7M | 6x | as long as short |
| Aevo ANTHROPIC-PERP | +0.0104% | 1h | 2,107.8 | −0.532% | $10K | — | 10x | as long as short |
BloFin ANTHROPIC-USDT
Extended ANTHROP-USD
Aster ANTHROPICUSDT
Binance ANTHROPICUSDT
MEXC ANTHROPIC_USDT
KuCoin ANTHROPICUSDTM
Variational Omni ANTHROPIC
GRVT ANTHROPIC_USDT_Perp
Entropy io:ANTH
Aevo ANTHROPIC-PERP