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
LONG1,864.4−0.0090get 0.0011% / 1h48m 18s$216K$133K5xLong Deribit
SHORT1,863.9+0.0048get 0.0006% / 1h48m 18s$43K$319K10xShort Extended10% off
Price gap−0.025%
Funding gap+0.0138% /8h

Both sides work: funding pays +$4 a day on $10k, and the gap is 0.230% above its 7d average: +$23 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$9+0.0138% /8h now · paid +0.093% over the last 7D
Price+$23spread −0.025% now, avg −0.255% → +0.230% if it goes back
Costs−$520.522% of $10k · taker + slippage, in and out
Result−$20−0.20%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest

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−0.025%
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 26 exchanges

lowest funding first

Before you open

3 ok · 3 to watch
  • Watch: Large against open interest12.1 / 13.8 bp
    $10k is over 10% of Extended’s open interest.
  • Note: Margin at max leverage$2,000 + $1,000
    Deribit 5x, Extended 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$4.14Long Deribit: 24 payments, +$2.70; short Extended: 24 payments, +$1.44.
  • OK: Entry gap works for you−0.025% vs −0.255%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$43K vs $216K OI
    Extended sets your exit cost. Check its book before closing.
  • OK: Points on a legExtended points
    Volume here counts toward the points program.
  • Watch: KYCDeribit Yes · Extended No
    ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0044%/8h × 21 periods+$9.34
Price spread−0.025% → −0.255% (7d avg)+$23.03
Slippage, 4 orderslive order books−$40.23
Fee Deribit bp × 2 orders−$7.00
Fee Extended bp × 2 orders−$5.00
Net · 7 days · $10k−$19.87
Costs to cover0.522%Break-even21.9 days
Slippage: Deribit: live order book, 64 min ago; Extended: live order book, 63 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGDeribit0.0312.1 bp−$1235.4 bp−$354doesn’t fitdoesn’t fit
SELL · SHORTExtended2.1413.8 bp−$14110.1 bp−$1,101doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

ANTHROPIC news

posts that mention ANTHROPIC or Anthropic, from every exchangeSearch all news →
10-26 11:35KalshiOtherJUST IN: Anthropic to release S-1 IPO filing at 9 AM EST @Kalshi on X ↗
10-26 11:30KalshiOtherBREAKING: Elvis Presley's family sues Anthropic for using 274 songs to train Claude @Kalshi on X ↗
10-25 07:00MEXCOtherOur Anthropic Pre-IPO Launchpad is coming. Complete missions first for a chance to win ANTHROPIC(PRE), an NVIDIA H200 GPU, and more! Win now. 👉 @MEXC on X ↗
10-25 07:00MEXCOtherEveryone wants a slice. When Anthropic goes public, who deserves the biggest piece of the pie? 🥧 Drop your split below. 👇 @MEXC on X ↗
10-24 20:00KalshiOtherBREAKING: Anthropic's highest ranking executives have pledged to give away 80% of their personal wealth @Kalshi on X ↗
10-24 19:20KalshiOtherJUST IN: UK partners with OpenAI, Anthropic, and Google to launch AI lab focused on preventing biological threats @Kalshi on X ↗