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Funding arb · Price arb /

ANTHROPIC

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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: QFEX against Lighter−2.922%7-day average −3.942% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$65as in the Price arb table
costs, in and out, $10k−$380.375% of the position
Long on LighterShort on QFEX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.004%$0 on $10k
Price spread, last 7 days−1.491%−$149 · spread now −2.922%, 7d avg −3.942%
Together, before fees−1.495%+ Points / potential airdropLighter: Season 3 · farm board−$149 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 1.021% dearer against Lighter than usual: you sell high and buy low, +$102 on $10k if it goes back to its 7-day average of −3.942%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ANTHROPIC2,170.80get 0.0000% / 1h49m 05s$1.9M$876K5x
ShortQFEX ANTHROPIC-USD2,107.4−0.0002pay 0.0000% / 1h49m 05s$1.4M$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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
−$0.34
Price spread: −2.922% → −3.942%
$102.1
Slippage, 4 orders
−$27.51
Fee Lighter: 0 bp × 2 orders
$0
Fee QFEX: 5 bp × 2 orders
−$10
Net
$64.25
Costs to cover
0.375%
Break-even
from the start
Slippage from Lighter: live order book, 3 min ago; QFEX: live order book, 2 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, 3 min ago3.45 bp14.8 bp −$15190.4 bp −$1,904708.9 bp −$70.9Kdoesn't fit
Sell QFEX live order book, 2 min ago1.38 bp6.8 bp −$712.9 bp −$129doesn'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−0.0429%8h2,108.5−2.869%$42K$69K20xas long as short
QFEX ANTHROPIC-USDshort−0.0002%1h2,107.4−2.922%$1.4M$1.1M10x
Lighter ANTHROPIClong0.0000%1h2,170.8long leg$1.9M$876K5x
Bybit ANTHROPICUSDT0.0000%8h2,154.1−0.769%$2.3M$422K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,166.4−0.203%$4.8M$855K10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,154.3−0.760%$2.4M$1.0M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,105.8−2.996%$25.9M$3.2M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,111.9−2.713%—$2.4M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,108.4−2.877%$1.6M$384K10xas long as short
BloFin ANTHROPIC-USDT+0.0024%8h2,107.9−2.896%$271K$260K20xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,168−0.129%$6.4M$16.3M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,107.8−2.903%$19K$22K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,108.4−2.877%$122K$6K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,108.3−2.877%$32.1M$8.3M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,108−2.893%$7.8M$269K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,112−2.708%$499K$25K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,107.3−2.923%$2.3M$655K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,108.1−2.886%$10K$167K10xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,108−2.893%$10K$6310xas long as short
Coinbase International ANTHROPIC-PERP-INTX+0.0128%1h2,120.7−2.308%$267K$25K5xas long as short
Entropy io:ANTH+0.0142%1h2,155.4−0.709%$35.0M$7.6M6xas long as short