Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,619.5 | 0 | 0.0000% / 1h | 58m 29s | $2.4M | $4.8M | 5x | Long Lighter7d free | |
| SHORT | 1,501.3 | 0 | 0.0000% / 8h | 3h 58m | $1.3M | $816K | 10x | Short Phemex |
Price gap−7.302%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 4.649% under its 7d average: the price leg works against you, −$465 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$00.0000% /8h now · paid −0.002% over the last 7D
Price−$465spread −7.302% now, avg −2.653% → −4.649% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$465−4.65%+ Points / potential airdropLighter: Season 3 · farm boardcosts unknown: book too thin at $10k ·
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−7.302%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hANTHROPIC on 29 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Phemex’s order book right now.
- Note: Margin at max leverage$2,000 + $1,000Lighter 5x, Phemex 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long Lighter: 24 payments, $0.00; short Phemex: 3 payments, $0.00.
- Watch: Gap narrower than usual−7.302% vs −2.653%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Short leg is thinner$1.3M vs $2.4M OIBoth legs are deep; Phemex is the smaller one.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- Watch: KYCLighter No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0001%/8h × 21 periods−$0.18
Price spread−7.302% → −2.653% (7d avg)−$464.87
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Lighter bp × 2 orders$0.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Lighter: live order book, 7 min ago; Phemex: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter0.319.3 bp−$9353.8 bp−$3,5381838.2 bp−$183.8Kdoesn’t fit
SELL · SHORTPhemex2.66doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
ANTHROPIC news
posts that mention ANTHROPIC or Anthropic, from every exchange| 11-06 02:41 | BingX | Other | Anthropic's edge isn't just AI performance. It's safety positioning, cloud distribution, and enterprise adoption all compounding at once 👀 👉 @BingXOfficial on X ↗ |
| 11-06 00:31 | Kalshi | Other | JUST IN: Investors are “increasingly skeptical” that Anthropic can IPO at a $1.5 trillion valuation @Kalshi on X ↗ |
| 11-05 19:32 | Kalshi | Other | BREAKING: 74% chance Anthropic officially announces an IPO this year @Kalshi on X ↗ |
| 11-05 15:49 | Entropy | Other | Anthropic fell ~5% on Entropy from $1,850 to $1,750, an implied $1.75T, as US chip stocks sold off at the open, with AMD down 15% and Nvidia nearly 8%. @entropyIO on X ↗ |
| 11-05 15:17 | Polymarket Perps | Other | Think in billions, not shares. A move from 1,820 to 1,830 on $ANT represents a $10B increase in Anthropic's implied valuation. Trade $ANT on Polymarket Perps with a 3× volume boost in the $50K Competition👇 @Poly_Perps on X ↗ |
| 11-05 15:15 | Bitget | Other | Join our expert guest, Benson, as he shares investment strategies and expert insights on the Anthropic IPO. Benson is a veteran of 100+ IPOs and former Venture Capital Fund Director of a listed company. We'll start in few minutes. Join on Bitget Live now! 🎙️ @bitget on X ↗ |


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