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Funding arb · Price arb /

ANTHROPIC

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%
Price spread now: Bitget against KuCoin−0.322%7-day average −0.477% · you buy dearer than you sell
Net, funding: paid 7d − costs−$651as in the Funding arb table
Net, price: spread back to 7d avg − costs−$625as in the Price arb table
costs, in and out, $10k−$6406.404% of the position
Long on KuCoinShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.105%−$11 on $10k
Price spread, last 4 days (all we have)−0.286%−$29 · spread now −0.322%, 7d avg −0.477%
Together, before fees−0.391%−$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.155% dearer against KuCoin than usual: you sell high and buy low (spread −0.322% now, against its 7-day average of −0.477%): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 10 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ANTHROPICUSDTM2,110.70.0050pay 0.0050% / 8h3h 45m$477K$20K20x
ShortBitget ANTHROPICUSDT2,103.90get 0.0000% / 8h3h 45m$25.9M$3.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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
−$10.5
Price spread: −0.322% → −0.477%
$15.48
Slippage, 4 orders
−$616.42
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$635.43
Costs to cover
6.404%
Break-even
never at this rate
Slippage from KuCoin: live order book, 27 min ago; Bitget: live order book, 3 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 KuCoin live order book, 27 min ago12.94 bp463.3 bp −$463doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago0.78 bp7.2 bp −$714.2 bp −$142doesn'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−0.0443%8h2,105.8−0.230%$42K$67K20xas long as short
Lighter ANTHROPIC0.0000%1h2,166.2+2.630%$1.8M$945K5xas long as short
Bybit ANTHROPICUSDT0.0000%8h2,150+1.861%$2.4M$351K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,164.2+2.536%$4.8M$870K10xas long as short
QFEX ANTHROPIC-USD0.0000%1h2,105.2−0.262%$1.4M$1.2M10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,152.7+1.992%$2.4M$1.1M50xas long as short
Bitget ANTHROPICUSDTshort0.0000%8h2,103.9−0.322%$25.9M$3.1M20x
SunX ANTHROPIC-USDT0.0000%8h2,109.2−0.070%—$2.4M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,105−0.270%$1.6M$377K10xas long as short
Coinbase International ANTHROPIC-PERP-INTX+0.0008%1h2,123.7+0.617%$267K$25K5xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,161.2+2.394%$6.2M$15.7M5xas long as short
Entropy io:ANTH+0.0042%1h2,149.7+1.849%$34.8M$7.6M6xas long as short
Extended ANTHROP-USD+0.0048%1h2,104.7−0.283%$19K$22K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,105.1−0.266%$121K$6K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,105.3−0.255%$32.0M$8.1M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,105.2−0.258%$7.8M$275K50xas long as short
KuCoin ANTHROPICUSDTMlong+0.0050%8h2,110.7long leg$477K$20K20x
Variational Omni ANTHROPIC+0.0050%8h2,104.7−0.281%$2.4M$689K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,106.6−0.191%$10K$153K10xas long as short
BloFin ANTHROPIC-USDT+0.0063%8h2,104.8−0.278%$269K$256K20xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,104.7−0.284%$10K$6310xas long as short