ANTHROPIC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0408%/8h= −44.7% APRnext payment −$0.51 per $10,000 · paid last 24h +0.061%

Price spread now: Coinbase International against Lighter RH−2.246%7-day average −3.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs+$9as in the Price arb table

costs, in and out, $10k−$750.747% of the position

Long on Lighter RH Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 3 days (all we have)−0.937%−$94 · spread now −2.246%, 7d avg −3.086%

Together, before fees−0.977%+ Points / potential airdropLighter RH: Points live · farm board−$98 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.840% dearer against Lighter RH than usual: you sell high and buy low (spread −2.246% now, against its 7-day average of −3.086%): +$84 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 6.9 days. At the pace of the last 7 days (−0.040% in total) that is about 5 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ANTHROPIC	2,172.5	0.0032	pay 0.0004% / 1h	15m 01s	$6.3M	$17.2M	5x
Short	Coinbase International ANTHROPIC-PERP-INTX	2,123.7	−0.0376	pay 0.0047% / 1h	15m 01s	$267K	$26K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter RH. 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

Position, each leg$Hold fordaysFee Lighter RHbpFee Coinbase InternationalbpOrdersPrice spread, now −2.246%Rate

Funding earned: −$85.68
Price spread: −2.246% → −3.086%: $84.02
Slippage, 4 orders: −$64.72
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$76.38
Costs to cover: 0.747%
Break-even: from the start

Slippage from Lighter RH: live order book, 4 min ago; Coinbase International: live order book, 63 min ago.

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 Lighter RH live order book, 4 min ago	0.23 bp	0.3 bp $0	13.6 bp −$136	213.5 bp −$21.3K	doesn't fit
Sell Coinbase International live order book, 63 min ago	25.39 bp	31.1 bp −$31	59.1 bp −$591	doesn't fit	doesn't fit

ANTHROPIC on 21 venues

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
Coinbase International ANTHROPIC-PERP-INTXshort	−0.0376%	1h	2,123.7	−2.246%	$267K	$26K	5x
HTX ANTHROPIC-USDT	−0.0281%	8h	2,108.7	−2.938%	$42K	$70K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,109.8	−2.884%	$1.4M	$1.5M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,173.3	+0.037%	$1.9M	$759K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,154.2	−0.842%	$2.3M	$373K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,170.2	−0.106%	$4.8M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,156.6	−0.730%	$2.5M	$1.2M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,105.1	−3.103%	$25.8M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,113.1	−2.734%	—	$2.6M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,109.5	−2.902%	$1.6M	$376K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIClong	+0.0032%	1h	2,172.5	long leg	$6.3M	$17.2M	5x
Extended ANTHROP-USD	+0.0048%	1h	2,109	−2.922%	$19K	$38K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,109.3	−2.911%	$123K	$7K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,109	−2.922%	$31.9M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,108	−2.967%	$7.8M	$279K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,121.6	−2.344%	$479K	$21K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,108	−2.968%	$2.3M	$515K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.7	−2.981%	$10K	$157K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0065%	8h	2,110.3	−2.865%	$268K	$259K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,109.4	−2.905%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0115%	1h	2,161.4	−0.511%	$35.1M	$7.7M	6x	as long as short