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Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets
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Alert: funding
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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: Phemex against Entropy−2.095%7-day average −2.729% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on EntropyShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days−0.364%−$36 on $10k
Price spread, last 4 days (all we have)−1.420%−$142 · spread now −2.095%, 7d avg −2.729%
Together, before fees−1.783%−$178 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.634% dearer against Entropy than usual: you sell high and buy low (spread −2.095% now, against its 7-day average of −2.729%): +$63 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongEntropy io:ANTH2,152.60.0094pay 0.0012% / 1h41m 04s$35.0M$7.5M6x
ShortPhemex ANTHROPICUSDT2,107.50get 0.0000% / 8h1h 41m$1.6M$381K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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
−$19.66
Price spread: −2.095% → −2.729%
$63.38
Slippage, 4 orders
no order book: not counted
Fee Entropy: 9 bp × 2 orders
−$18
Fee Phemex: 6 bp × 2 orders
−$12
Net
$13.72
Costs to cover
0.300%
Break-even
from the start
Slippage unknown: Entropy: live order book, 6 min ago; Phemex: live order book, 2 min ago. Net counts fees only.

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 Phemex live order book, 2 min ago3.37 bpdoesn't fitdoesn'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−0.0428%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%8h2,153.8+0.056%$2.3M$423K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,164.1+0.534%$4.8M$850K10xas long as short
QFEX ANTHROPIC-USD0.0000%1h2,106.2−2.154%$1.4M$1.1M10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,152.5−0.006%$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 ANTHROPICUSDTshort0.0000%8h2,107.5−2.095%$1.6M$381K10x
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,163.5+0.506%$6.3M$16.2M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,105.8−2.175%$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%8h2,106.7−2.134%$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%8h2,106.1−2.162%$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