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Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.039%
Price spread now: Entropy against Lighter−0.683%7-day average −0.627% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$590.590% of the position
Long on LighterShort on Entropy
What this pair did over the last
the charts below follow
Funding, last 7 days+0.362%+$36 on $10k
Price spread, last 7 days−0.416%−$42 · spread now −0.683%, 7d avg −0.627%
Together, before fees−0.055%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Entropy is 0.056% cheaper against Lighter than usual: you would sell low and buy high (spread −0.683% now, against its 7-day average of −0.627%). If the spread goes back, that is −$6 on $10k: about 48 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ANTHROPIC2,167.40get 0.0000% / 1h40m 57s$1.8M$900K5x
ShortEntropy io:ANTH2,152.60.0094get 0.0012% / 1h40m 57s$35.0M$7.5M6x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Entropy 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
$19.66
Price spread: −0.683% → −0.627%
−$5.57
Slippage, 4 orders
−$41.02
Fee Lighter: 0 bp × 2 orders
$0
Fee Entropy: 9 bp × 2 orders
−$18
Net
−$44.92
Costs to cover
0.590%
Break-even
23.0 days
Slippage from Lighter: live order book, 6 min ago; Entropy: live order book, 6 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, 6 min ago0.46 bp18.7 bp −$19197.5 bp −$1,975725.2 bp −$72.5Kdoesn't fit
Sell Entropy live order book, 6 min ago0.46 bp18.3 bp −$18doesn'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%8h2,107.3−2.774%$42K$68K20xas long as short
Coinbase International ANTHROPIC-PERP-INTX−0.0080%1h2,120.7−2.155%$267K$25K5xas long as short
Lighter ANTHROPIClong0.0000%1h2,167.4long leg$1.8M$900K5x
Bybit ANTHROPICUSDT0.0000%8h2,153.4−0.647%$2.3M$423K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,164.1−0.152%$4.8M$850K10xas long as short
QFEX ANTHROPIC-USD0.0000%1h2,106.2−2.822%$1.4M$1.1M10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,152.4−0.693%$2.4M$1.1M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,105−2.880%$25.9M$3.2M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,110.1−2.644%—$2.4M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,107.5−2.763%$1.6M$381K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,163.5−0.180%$6.3M$16.2M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,106.2−2.824%$19K$22K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,106.7−2.801%$122K$6K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,106.7−2.802%$32.1M$8.2M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,106.5−2.812%$7.8M$273K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,110.7−2.615%$498K$25K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,106.3−2.819%$2.4M$620K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,107.8−2.749%$10K$163K10xas long as short
BloFin ANTHROPIC-USDT+0.0078%8h2,106.9−2.791%$270K$258K20xas long as short
Entropy io:ANTHshort+0.0094%1h2,152.6−0.683%$35.0M$7.5M6x
Aevo ANTHROPIC-PERP+0.0104%1h2,106.7−2.799%$10K$6310xas long as short