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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 01:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h −0.028%
Price spread now: KuCoin against Entropy−2.108%7-day average −2.563% · you buy dearer than you sell
Net, funding: paid 7d − costs−$656as in the Funding arb table
Net, price: spread back to 7d avg − costs−$584as in the Price arb table
costs, in and out, $10k−$6296.291% of the position
Long on EntropyShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.265%−$27 on $10k
Price spread, last 4 days (all we have)−1.163%−$116 · spread now −2.108%, 7d avg −2.563%
Together, before fees−1.428%−$143 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.455% dearer against Entropy than usual: you sell high and buy low (spread −2.108% now, against its 7-day average of −2.563%): +$45 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 22 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongEntropy io:ANTH2,165.60.0119pay 0.0015% / 1h24m 41s$35.2M$7.6M6x
ShortKuCoin ANTHROPICUSDTM2,1200.0050get 0.0050% / 8h7h 24m$478K$20K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
−$14.59
Price spread: −2.108% → −2.563%
$45.47
Slippage, 4 orders
−$599.08
Fee Entropy: 9 bp × 2 orders
−$18
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$598.2
Costs to cover
6.291%
Break-even
never at this rate
Slippage from Entropy: live order book, 2 min ago; KuCoin: live order book, 28 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Entropy live order book, 2 min ago0.23 bp15.1 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 28 min ago7.37 bp93.1 bp −$93doesn'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
HTX ANTHROPIC-USDT−0.0239%8h2,110.7−2.534%$42K$67K20xas long as short
Coinbase International ANTHROPIC-PERP-INTX−0.0080%1h2,123.7−1.934%$267K$26K5xas long as short
QFEX ANTHROPIC-USD0.0000%1h2,109.7−2.580%$1.4M$1.5M10xas long as short
Lighter ANTHROPIC0.0000%1h2,171+0.249%$1.9M$894K5xas long as short
Bybit ANTHROPICUSDT0.0000%8h2,157.5−0.374%$2.4M$380K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,173.2+0.351%$4.8M$1.1M10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,156.7−0.413%$2.4M$1.2M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,107.9−2.664%$25.9M$3.1M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,113.5−2.406%—$2.6M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,111.1−2.518%$1.6M$381K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ANTHROPIC-USDT+0.0022%8h2,110.1−2.565%$268K$258K20xas long as short
Lighter RH ANTHROPIC+0.0032%1h2,174.4+0.406%$6.3M$16.8M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,109.6−2.587%$19K$38K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,110.2−2.560%$122K$7K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,110.1−2.565%$32.0M$8.3M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,110−2.567%$7.8M$277K50xas long as short
KuCoin ANTHROPICUSDTMshort+0.0050%8h2,120−2.108%$478K$20K20x
Variational Omni ANTHROPIC+0.0050%8h2,109.7−2.580%$2.4M$664K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,111−2.521%$10K$154K10xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,109.7−2.582%$10K—10xas long as short
Entropy io:ANTHlong+0.0119%1h2,165.6long leg$35.2M$7.6M6x