ANTHROPIC

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%

Price spread now: Phemex against KuCoin−0.315%7-day average −0.263% · you buy dearer than you sell

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

Long on KuCoin Short on Phemex

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)+0.209%+$21 · spread now −0.315%, 7d avg −0.263%

Together, before fees+0.104%+$10 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 Phemex is 0.052% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.263%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ANTHROPICUSDTM	2,118	0.0050	pay 0.0050% / 8h	5h 26m	$499K	$218K	20x
Short	Phemex ANTHROPICUSDT	2,111.3	0	get 0.0000% / 8h	5h 26m	$1.6M	$354K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. 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 KuCoinbpFee PhemexbpOrdersPrice spread, now −0.315%Rate

Funding earned: −$10.5
Price spread: −0.315% → −0.263%: −$5.21
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$39.71
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 9 min ago; Phemex: live order book, 4 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 KuCoin live order book, 9 min ago	6.89 bp	583.8 bp −$584	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	2.25 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

ANTHROPIC on 21 exchanges

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	−0.0377%	8h	2,110.7	−0.343%	$42K	$69K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0024%	1h	2,121.3	+0.159%	$268K	$26K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,110	−0.376%	$1.4M	$1.0M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,169	+2.410%	$1.9M	$842K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,152	+1.608%	$2.3M	$377K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166.4	+2.288%	$4.8M	$675K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,156.2	+1.808%	$2.5M	$991K	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,108.9	−0.425%	$26.0M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,113.8	−0.196%	—	$1.7M	10x	as long as short
Phemex ANTHROPICUSDTshort	0.0000%	8h	2,111.3	−0.315%	$1.6M	$354K	10x

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,163.6	+2.155%	$6.1M	$16.7M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,109.3	−0.407%	$10K	$11K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,109.6	−0.395%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,110	−0.374%	$32.1M	$7.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,110.2	−0.365%	$7.8M	$246K	50x	as long as short
KuCoin ANTHROPICUSDTMlong	+0.0050%	8h	2,118	long leg	$499K	$218K	20x
Variational Omni ANTHROPIC	+0.0050%	8h	2,109.8	−0.386%	$2.3M	$672K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,110.3	−0.362%	$10K	$189K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0071%	8h	2,110.4	−0.357%	$274K	$246K	20x	as long as short
Entropy io:ANTH	+0.0097%	1h	2,154.8	+1.740%	$35.1M	$7.0M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,110.5	−0.351%	$10K	$63	10x	as long as short