ANTHROPIC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0099%/8h= −10.8% APRnext payment −$0.12 per $10,000 · paid last 24h −0.039%

Price spread now: Lighter against Entropy+0.673%7-day average +0.627% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Entropy Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.362%−$36 on $10k

Price spread, last 7 days+0.426%+$43 · spread now +0.673%, 7d avg +0.627%

Together, before fees+0.064%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.046% dearer against Entropy than usual: you sell high and buy low (spread +0.673% now, against its 7-day average of +0.627%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:ANTH	2,153.2	0.0099	pay 0.0012% / 1h	28m 34s	$35.0M	$7.5M	6x
Short	Lighter ANTHROPIC	2,167.7	0	get 0.0000% / 1h	28m 34s	$1.9M	$903K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Entropy. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 LighterbpOrdersPrice spread, now +0.673%Rate

Funding earned: −$20.69
Price spread: +0.673% → +0.627%: $4.62
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: −$34.07
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Entropy: live order book, 8 min ago; Lighter: live order book, 8 min ago. Net counts fees only.

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, 8 min ago	0.23 bp	16.1 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	0.69 bp	15.7 bp −$16	71.8 bp −$718	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	−0.0431%	8h	2,108.4	−2.083%	$42K	$68K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0080%	1h	2,120.7	−1.509%	$267K	$25K	5x	as long as short
Lighter ANTHROPICshort	0.0000%	1h	2,167.7	+0.673%	$1.9M	$903K	5x
Bybit ANTHROPICUSDT	0.0000%	8h	2,154.8	+0.076%	$2.3M	$424K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.4	+0.520%	$4.8M	$848K	10x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,107	−2.145%	$1.4M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,152.6	−0.028%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,105.2	−2.232%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,111	−1.960%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,107.1	−2.143%	$1.6M	$382K	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	2,164.3	+0.516%	$6.4M	$16.5M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,106.7	−2.158%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.2	−2.134%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.2	−2.135%	$32.1M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.4	−2.128%	$7.8M	$274K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	−1.972%	$498K	$25K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,107.8	−2.108%	$2.4M	$625K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106.8	−2.157%	$10K	$164K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0071%	8h	2,106.7	−2.161%	$270K	$259K	20x	as long as short
Entropy io:ANTHlong	+0.0099%	1h	2,153.2	long leg	$35.0M	$7.5M	6x
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.7	−2.113%	$10K	$63	10x	as long as short