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Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 23:00 UTC−0.0376%/8h= −41.2% APRnext payment −$0.47 per $10,000 · paid last 24h +0.070%
Price spread now: Coinbase International against Lighter−2.500%7-day average −3.137% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$950.954% of the position
Long on LighterShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.026%+$3 on $10k
Price spread, last 3 days (all we have)−1.250%−$125 · spread now −2.500%, 7d avg −3.137%
Together, before fees−1.224%+ Points / potential airdropLighter: Season 3 · farm board−$122 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.638% dearer against Lighter than usual: you sell high and buy low (spread −2.500% now, against its 7-day average of −3.137%): +$64 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 5.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.026% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ANTHROPIC2,173.40get 0.0000% / 1h17m 03s$1.9M$713K5x
ShortCoinbase International ANTHROPIC-PERP-INTX2,119.1−0.0376pay 0.0047% / 1h17m 03s$267K$26K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. 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
−$78.96
Price spread: −2.500% → −3.137%
$63.77
Slippage, 4 orders
−$85.37
Fee Lighter: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$110.56
Costs to cover
0.954%
Break-even
never at this rate
Slippage from Lighter: live order book, 4 min ago; Coinbase International: live order book, 61 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 Lighter live order book, 4 min ago0.69 bp13.5 bp −$14149.7 bp −$1,497685.3 bp −$68.5Kdoesn't fit
Sell Coinbase International live order book, 61 min ago25.39 bp31.1 bp −$3159.1 bp −$591doesn'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-INTXshort−0.0376%1h2,119.1−2.500%$267K$26K5x
HTX ANTHROPIC-USDT−0.0282%8h2,109.2−2.956%$42K$70K20xas long as short
QFEX ANTHROPIC-USD−0.0002%1h2,108.3−2.997%$1.4M$1.5M10xas long as short
Lighter ANTHROPIClong0.0000%1h2,173.4long leg$1.9M$713K5x
Bybit ANTHROPICUSDT0.0000%8h2,155.3−0.835%$2.4M$373K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,171.1−0.106%$4.8M$1.1M10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,157.3−0.742%$2.5M$1.2M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,104.1−3.189%$25.8M$3.1M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,112.8−2.788%—$2.6M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,108.5−2.985%$1.6M$376K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,172.1−0.060%$6.3M$17.2M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,108−3.008%$19K$38K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,108.4−2.990%$123K$6K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,108.4−2.990%$31.9M$8.1M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,108.3−2.994%$7.8M$279K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,122.2−2.354%$479K$21K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,107.9−3.012%$2.3M$515K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,107.6−3.029%$10K$157K10xas long as short
BloFin ANTHROPIC-USDT+0.0072%8h2,108.5−2.985%$268K$259K20xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,108.2−2.998%$10K—10xas long as short
Entropy io:ANTH+0.0114%1h2,161.2−0.561%$35.1M$7.7M6xas long as short