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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 07:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.039%
Price spread now: OKX against Entropy+0.534%7-day average −0.929% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs+$90as in the Price arb table
costs, in and out, $10k−$560.561% of the position
Long on EntropyShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.364%−$36 on $10k
Price spread, last 7 days−1.729%−$173 · spread now +0.534%, 7d avg −0.929%
Together, before fees−2.093%−$209 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 1.464% dearer against Entropy than usual: you sell high and buy low (spread +0.534% now, against its 7-day average of −0.929%): +$146 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 52 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongEntropy io:ANTH2,152.60.0094pay 0.0012% / 1h40m 38s$35.0M$7.5M6x
ShortOKX ANTHROPIC-USDT-SWAP2,164.10get 0.0000% / 8h1h 40m$4.8M$850K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$19.78
Price spread: +0.534% → −0.929%
$146.35
Slippage, 4 orders
−$28.1
Fee Entropy: 9 bp × 2 orders
−$18
Fee OKX: 5 bp × 2 orders
−$10
Net
$70.47
Costs to cover
0.561%
Break-even
from the start
Slippage from Entropy: live order book, 6 min ago; OKX: live order book, 2 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, 6 min ago0.46 bp14.8 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 2 min ago0.23 bp5.7 bp −$645.2 bp −$452doesn'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−0.0428%8h2,107.3−2.105%$42K$68K20xas long as short
Coinbase International ANTHROPIC-PERP-INTX−0.0080%1h2,120.7−1.482%$267K$25K5xas long as short
Lighter ANTHROPIC0.0000%1h2,167.4+0.688%$1.8M$900K5xas long as short
Bybit ANTHROPICUSDT0.0000%8h2,152.9+0.015%$2.3M$423K25xas long as short
OKX ANTHROPIC-USDT-SWAPshort0.0000%8h2,164.1+0.534%$4.8M$850K10x
QFEX ANTHROPIC-USD0.0000%1h2,106.6−2.137%$1.4M$1.1M10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,152.3−0.014%$2.4M$1.1M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,105−2.212%$25.9M$3.2M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,110.1−1.974%—$2.4M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,107.5−2.095%$1.6M$381K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,163.6+0.511%$6.3M$16.2M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,106.2−2.155%$19K$22K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,106.7−2.133%$122K$6K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,106.7−2.134%$32.1M$8.2M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,106.4−2.144%$7.8M$273K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,110.7−1.945%$498K$25K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,106.3−2.151%$2.4M$620K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,107.8−2.081%$10K$163K10xas long as short
BloFin ANTHROPIC-USDT+0.0078%8h2,106.9−2.123%$270K$258K20xas long as short
Entropy io:ANTHlong+0.0094%1h2,152.6long leg$35.0M$7.5M6x
Aevo ANTHROPIC-PERP+0.0104%1h2,106.7−2.131%$10K$6310xas long as short