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Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h −0.066%
Price spread now: Phemex against Coinbase International−0.594%7-day average −0.250% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Coinbase InternationalShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days−0.025%−$2 on $10k
Price spread, last 3 days (all we have)−0.222%−$22 · spread now −0.594%, 7d avg −0.250%
Together, before fees−0.247%−$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phemex is 0.344% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.594% now, against its 7-day average of −0.250%). If the spread goes back, that is −$34 on $10k: about 14 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ANTHROPIC-PERP-INTX2,123.7−0.0080get 0.0010% / 1h51m 19s$267K$26K5x
ShortPhemex ANTHROPICUSDT2,111.10get 0.0000% / 8h7h 51m$1.6M$382K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$16.8
Price spread: −0.594% → −0.250%
−$34.43
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$39.63
Costs to cover
0.220%
Break-even
23.5 days
Slippage unknown: Coinbase International: live order book, 22 min ago; Phemex: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 22 min ago23.51 bp39.6 bp −$4062.2 bp −$622doesn't fitdoesn't fit
Sell Phemex live order book, 2 min ago3.24 bpdoesn't fitdoesn't fitdoesn'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-INTXlong−0.0080%1h2,123.7long leg$267K$26K5x
HTX ANTHROPIC-USDT−0.0021%8h2,112.2−0.540%$42K$70K20xas long as short
QFEX ANTHROPIC-USD0.0000%1h2,112−0.551%$1.4M$1.5M10xas long as short
Lighter ANTHROPIC0.0000%1h2,170.6+2.208%$1.9M$893K5xas long as short
Bybit ANTHROPICUSDT0.0000%8h2,158.6+1.644%$2.4M$380K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,173.8+2.359%$4.8M$1.1M10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,158.3+1.628%$2.5M$1.2M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,108.7−0.709%$25.9M$3.2M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,116.2−0.354%—$2.6M10xas long as short
Phemex ANTHROPICUSDTshort0.0000%8h2,111.1−0.594%$1.6M$382K10x
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,174.4+2.387%$6.3M$16.6M5xas long as short
BloFin ANTHROPIC-USDT+0.0045%8h2,112.9−0.509%$267K$260K20xas long as short
Extended ANTHROP-USD+0.0048%1h2,111.9−0.554%$19K$38K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,112.4−0.531%$122K$7K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,112.2−0.540%$32.0M$8.4M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,112.2−0.542%$7.8M$276K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,120−0.177%$478K$21K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,112−0.553%$2.4M$663K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,113.9−0.462%$10K$156K10xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,112.6−0.522%$10K—10xas long as short
Entropy io:ANTH+0.0111%1h2,166.4+2.010%$35.2M$7.7M6xas long as short