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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 00:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%
Price spread now: Bybit against KuCoin+1.467%7-day average +1.995% · you sell dearer than you buy
Net, funding: paid 7d − costs−$778as in the Funding arb table
Net, price: spread back to 7d avg − costs−$820as in the Price arb table
costs, in and out, $10k−$7677.671% of the position
Long on KuCoinShort on Bybit
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)+0.542%+$54 · spread now +1.467%, 7d avg +1.995%
Together, before fees+0.437%+$44 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.528% cheaper against KuCoin than usual: you would sell low and buy high (−$53 if the spread goes back to its 7-day average of +1.995%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ANTHROPICUSDTM2,122.20.0050pay 0.0050% / 8h15m 43s$479K$21K20x
ShortBybit ANTHROPICUSDT2,153.40get 0.0000% / 8h15m 43s$2.3M$373K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: +1.467% → +1.995%
−$52.79
Slippage, 4 orders
−$744.14
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$830.43
Costs to cover
7.671%
Break-even
never at this rate
Slippage from KuCoin: live order book, 47 min ago; Bybit: live order book, 1 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, 47 min ago13.03 bp539.8 bp −$540doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago10.35 bp20.1 bp −$20146.8 bp −$1,468doesn'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
Coinbase International ANTHROPIC-PERP-INTX−0.0376%1h2,119.1−0.149%$267K$26K5xas long as short
HTX ANTHROPIC-USDT−0.0282%8h2,108.7−0.639%$42K$70K20xas long as short
QFEX ANTHROPIC-USD−0.0002%1h2,108.1−0.664%$1.4M$1.5M10xas long as short
Lighter ANTHROPIC0.0000%1h2,173.4+2.411%$1.9M$748K5xas long as short
Bybit ANTHROPICUSDTshort0.0000%8h2,153.4+1.467%$2.3M$373K25x
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,173.7+2.425%$4.8M$1.1M10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,157.9+1.682%$2.5M$1.2M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,105.4−0.791%$25.8M$3.1M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,112.6−0.454%—$2.6M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,108.5−0.646%$1.6M$376K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,172.5+2.369%$6.3M$17.2M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,108.1−0.667%$19K$38K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,110.1−0.573%$123K$7K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,110−0.575%$31.9M$8.2M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,109.6−0.594%$7.8M$279K50xas long as short
KuCoin ANTHROPICUSDTMlong+0.0050%8h2,122.2long leg$479K$21K20x
Variational Omni ANTHROPIC+0.0050%8h2,108−0.670%$2.3M$515K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,107.6−0.691%$10K$157K10xas long as short
BloFin ANTHROPIC-USDT+0.0072%8h2,108.5−0.646%$268K$259K20xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,108.2−0.660%$10K—10xas long as short
Entropy io:ANTH+0.0115%1h2,161.4+1.846%$35.1M$7.7M6xas long as short