Funding you earn now, next payment 04:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.06 per $10,000 · paid last 24h +0.032%
Price spread now: Entropy against Lighter RH−0.527%7-day average −0.397% · you buy dearer than you sell
Net, funding: paid 7d − costs+$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$260.261% of the position
Funding, last 7 days+0.298%+$30 on $10k
+Price spread, last 7 days+0.617%+$62 · spread now −0.527%, 7d avg −0.397%
=Together, before fees+0.915%+ Points / potential airdropLighter RH: Points live · farm board+$92 on $10k · with fees, hour by hour
Funding pays, the price is against you. Entropy is 0.129% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.527% now, against its 7-day average of −0.397%). If the spread goes back, that is −$13 on $10k: about 8.4 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.298% in total) that is about 3.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH ANTHROPIC | 2,164.5 | 0.0032 | pay 0.0004% / 1h | 12m 54s | $6.2M | $16.0M | 5x |
| Short | Entropy io:ANTH | 2,153.1 | 0.0083 | get 0.0010% / 1h | 12m 54s | $34.9M | $7.6M | 6x |
Lighter RH ANTHROPIC
Entropy io:ANTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.78
- Price spread: −0.527% → −0.397%
- −$12.93
- Slippage, 4 orders
- −$8.12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$28.27
- Costs to cover
- 0.261%
- Break-even
- 25.4 days
Slippage from Lighter RH: live order book, 6 min ago; Entropy: live order book, 3 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, 6 min ago | 0.23 bp | 0.2 bp $0 | 10.4 bp −$104 | 232.6 bp −$23.3K | doesn't fit |
| Sell Entropy live order book, 3 min ago | 1.16 bp | 12.3 bp −$12 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ANTHROPIC-USDT | −0.0430% | 8h | 2,108.4 | −2.591% | $42K | $67K | 20x | as long as short |
| Coinbase International ANTHROPIC-PERP-INTX | −0.0280% | 1h | 2,123.7 | −1.884% | $267K | $25K | 5x | as long as short |
| QFEX ANTHROPIC-USD | −0.0002% | 1h | 2,107.3 | −2.641% | $1.4M | $1.2M | 10x | as long as short |
| Lighter ANTHROPIC | 0.0000% | 1h | 2,166.2 | +0.079% | $1.9M | $946K | 5x | as long as short |
| Bybit ANTHROPICUSDT | 0.0000% | 8h | 2,150.1 | −0.664% | $2.4M | $351K | 25x | as long as short |
| OKX ANTHROPIC-USDT-SWAP | 0.0000% | 8h | 2,164.8 | +0.014% | $4.8M | $867K | 10x | as long as short |
| Gate ANTHROPIC_USDT | 0.0000% | 8h | 2,153.6 | −0.503% | $2.4M | $1.1M | 50x | as long as short |
| Bitget ANTHROPICUSDT | 0.0000% | 8h | 2,105.2 | −2.742% | $26.0M | $3.0M | 20x | as long as short |
| SunX ANTHROPIC-USDT | 0.0000% | 8h | 2,111.4 | −2.453% | — | $2.4M | 10x | as long as short |
| Phemex ANTHROPICUSDT | 0.0000% | 8h | 2,107.6 | −2.630% | $1.6M | $374K | 10x | as long as short |
HTX ANTHROPIC-USDT
Coinbase International ANTHROPIC-PERP-INTX
QFEX ANTHROPIC-USD
Lighter ANTHROPIC
Bybit ANTHROPICUSDT
OKX ANTHROPIC-USDT-SWAP
Gate ANTHROPIC_USDT
Bitget ANTHROPICUSDT
SunX ANTHROPIC-USDT
Phemex ANTHROPICUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH ANTHROPIClong | +0.0032% | 1h | 2,164.5 | long leg | $6.2M | $16.0M | 5x | |
| Extended ANTHROP-USD | +0.0048% | 1h | 2,106.9 | −2.660% | $19K | $22K | 10x | as long as short |
| Aster ANTHROPICUSDT | +0.0050% | 8h | 2,107.7 | −2.625% | $122K | $6K | 10x | as long as short |
| Binance ANTHROPICUSDT | +0.0050% | 8h | 2,107.5 | −2.634% | $32.0M | $8.1M | 20x | as long as short |
| MEXC ANTHROPIC_USDT | +0.0050% | 8h | 2,107.5 | −2.632% | $7.8M | $279K | 50x | as long as short |
| KuCoin ANTHROPICUSDTM | +0.0050% | 8h | 2,110.7 | −2.486% | $477K | $20K | 20x | as long as short |
| Variational Omni ANTHROPIC | +0.0050% | 8h | 2,107.3 | −2.644% | $2.4M | $681K | — | as long as short |
| GRVT ANTHROPIC_USDT_Perp | +0.0050% | 8h | 2,106.9 | −2.663% | $10K | $151K | 10x | as long as short |
| BloFin ANTHROPIC-USDT | +0.0075% | 8h | 2,107.6 | −2.630% | $269K | $256K | 20x | as long as short |
| Entropy io:ANTHshort | +0.0083% | 1h | 2,153.1 | −0.527% | $34.9M | $7.6M | 6x | |
| Aevo ANTHROPIC-PERP | +0.0104% | 1h | 2,107.5 | −2.635% | $10K | $63 | 10x | as long as short |
Extended ANTHROP-USD
Aster ANTHROPICUSDT
Binance ANTHROPICUSDT
MEXC ANTHROPIC_USDT
KuCoin ANTHROPICUSDTM
Variational Omni ANTHROPIC
GRVT ANTHROPIC_USDT_Perp
BloFin ANTHROPIC-USDT
Aevo ANTHROPIC-PERP