ANTHROPIC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0140%/8h= +15.3% APRnext payment +$0.17 per $10,000 · paid last 24h −0.066%

Price spread now: QFEX against Coinbase International−0.986%7-day average −0.316% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$870.873% of the position

Long on Coinbase International Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.311%−$31 · spread now −0.986%, 7d avg −0.316%

Together, before fees−0.334%−$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.670% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.986% now, against its 7-day average of −0.316%). If the spread goes back, that is −$67 on $10k: about 16 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ANTHROPIC-PERP-INTX	2,123.7	−0.0144	get 0.0018% / 1h	30m 51s	$267K	$25K	5x
Short	QFEX ANTHROPIC-USD	2,102.8	−0.0004	pay 0.0001% / 1h	30m 51s	$1.4M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee QFEXbpOrdersPrice spread, now −0.986%Rate

Funding earned: $29.35
Price spread: −0.986% → −0.316%: −$66.96
Slippage, 4 orders: −$67.27
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$124.88
Costs to cover: 0.873%
Break-even: 36.8 days

Slippage from Coinbase International: live order book, 32 min ago; QFEX: live order book, 6 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, 32 min ago	29.50 bp	36.4 bp −$36	60.1 bp −$601	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.81 bp	9.5 bp −$10	19.2 bp −$192	doesn't fit	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
HTX ANTHROPIC-USDT	−0.0399%	8h	2,105	−0.881%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTXlong	−0.0144%	1h	2,123.7	long leg	$267K	$25K	5x
QFEX ANTHROPIC-USDshort	−0.0004%	1h	2,102.8	−0.986%	$1.4M	$1.3M	10x
Lighter ANTHROPIC	0.0000%	1h	2,164.6	+1.925%	$1.9M	$888K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150	+1.238%	$2.4M	$357K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164	+1.897%	$4.8M	$902K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,150.8	+1.273%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,101.4	−1.053%	$25.7M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,106.5	−0.810%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,102.6	−0.993%	$1.5M	$373K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,166.5	+2.015%	$6.3M	$16.1M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,101.6	−1.039%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,102.7	−0.990%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,102.2	−1.013%	$31.9M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,102.3	−1.008%	$7.8M	$277K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,114.6	−0.427%	$478K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,101.9	−1.025%	$2.4M	$679K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,101.7	−1.035%	$10K	$148K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0062%	8h	2,103.1	−0.972%	$270K	$255K	20x	as long as short
Entropy io:ANTH	+0.0096%	1h	2,158.6	+1.643%	$35.1M	$7.5M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,102.5	−1.000%	$10K	—	10x	as long as short