ANTHROPIC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0287%/8h= −31.4% APRnext payment −$0.36 per $10,000 · paid last 24h +0.024%

Price spread now: Coinbase International against Entropy−1.735%7-day average −2.508% · you buy dearer than you sell

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$1041.036% of the position

Long on Entropy Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.337%−$34 on $10k

Price spread, last 3 days (all we have)−1.235%−$124 · spread now −1.735%, 7d avg −2.508%

Together, before fees−1.573%−$157 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.774% dearer against Entropy than usual: you sell high and buy low (spread −1.735% now, against its 7-day average of −2.508%): +$77 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 9.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:ANTH	2,161.2	0.0143	pay 0.0018% / 1h	53m 17s	$35.2M	$7.5M	6x
Short	Coinbase International ANTHROPIC-PERP-INTX	2,123.7	−0.0144	pay 0.0018% / 1h	53m 17s	$267K	$25K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Entropy. 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 EntropybpFee Coinbase InternationalbpOrdersPrice spread, now −1.735%Rate

Funding earned: −$60.18
Price spread: −1.735% → −2.508%: $77.35
Slippage, 4 orders: −$75.56
Fee Entropy: 9 bp × 2 orders: −$18
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$86.38
Costs to cover: 1.036%
Break-even: never at this rate

Slippage from Entropy: live order book, 4 min ago; Coinbase International: live order book, 10 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 Entropy live order book, 4 min ago	0.23 bp	15.0 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 10 min ago	29.50 bp	34.5 bp −$34	48.7 bp −$487	doesn't fit	doesn't fit

ANTHROPIC on 20 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	−0.0388%	8h	2,104.1	−2.642%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTXshort	−0.0144%	1h	2,123.7	−1.735%	$267K	$25K	5x
QFEX ANTHROPIC-USD	−0.0004%	1h	2,103.5	−2.672%	$1.4M	$1.3M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.7	+0.254%	$1.9M	$873K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150	−0.517%	$2.4M	$362K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,165.8	+0.213%	$4.8M	$953K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,151	−0.473%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,101.8	−2.751%	$25.7M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,107.8	−2.471%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,103.6	−2.667%	$1.6M	$372K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,169.1	+0.366%	$6.2M	$15.9M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,103.2	−2.684%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,103.8	−2.657%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,103.7	−2.661%	$31.9M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,103.6	−2.666%	$7.8M	$276K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,114.6	−2.154%	$478K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,103	−2.692%	$2.4M	$679K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,103.4	−2.672%	$10K	$148K	10x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,102.9	−2.697%	$10K	—	10x	as long as short
Entropy io:ANTHlong	+0.0143%	1h	2,161.2	long leg	$35.2M	$7.5M	6x