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
LONG1,878.300.0000% / 1h43m 45s$217K$148K5xLong Deribit
SHORT1,938.4+0.0024get 0.0003% / 1h43m 45s$2.3M$3.3M5xShort Lighter7d free
Price gap+3.197%
Funding gap+0.0024% /8h

Funding pays +$1 a day on $10k, but the gap is 0.430% under its 7d average: −$43 if it goes back, about 60 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$1+0.0024% /8h now · paid −0.007% over the last 7D
Price−$43spread +3.197% now, avg +3.628% → −0.430% if it goes back
Costs−$370.366% of $10k · taker + slippage, in and out
Result−$80−0.80%+ Points / potential airdropLighter: Season 3 · 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+3.197%
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
  • OK: Fits both order books12.9 / 3.1 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage$2,000 + $2,000
    Deribit 5x, Lighter 5x. 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: +$0.72Long Deribit: 24 payments, $0.00; short Lighter: 24 payments, +$0.72.
  • Watch: Gap narrower than usual+3.197% vs +3.628%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$217K vs $2.3M OI
    Deribit sets your exit cost. Check its book before closing.
  • OK: Points on a legLighter Season 3
    Volume here counts toward the points program.
  • Watch: KYCDeribit Yes · Lighter 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−0.0003%/8h × 21 periods−$0.72
Price spread+3.197% → +3.628% (7d avg)−$43.03
Slippage, 4 orderslive order books−$29.63
Fee Deribit bp × 2 orders−$7.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$80.37
Costs to cover0.366%Break-evennever at this rate
Slippage: Deribit: live order book, 23 min ago; Lighter: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGDeribit0.0312.9 bp−$1343.8 bp−$438doesn’t fitdoesn’t fit
SELL · SHORTLighter0.773.1 bp−$348.3 bp−$483doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

ANTHROPIC news

posts that mention ANTHROPIC or Anthropic, from every exchangeSearch all news →
10-25 07:00MEXCOtherEveryone wants a slice. When Anthropic goes public, who deserves the biggest piece of the pie? 🥧 Drop your split below. 👇 @MEXC on X ↗
10-25 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 ↗
10-24 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 ↗
10-23 22:30Markets by KinetiqOtherOpenAI's pre-IPO price is down 10% this month while Anthropic's is down 7%. China's Moonshot says its Kimi K3.1 Pro matches Claude Opus 5.5 on Terminal-Bench for about a third of the cost. @Markets_xyz on X ↗
10-23 13:00MEXCOtherGet ready for our Anthropic Pre-IPO Launchpad. 👀 Complete missions and enter our lucky draw to win exclusive rewards! Prizes include ANTHROPIC(PRE), NVIDIA H200 GPU, and more! Be part of the Pre-IPO hype and get in on the action now. 👉 @MEXC on X ↗