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Funding arb · Price arb /

ANTHROPIC

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.010%
Price spread now: QFEX against Lighter RH−2.729%7-day average −3.758% · 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+$80as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Long on Lighter RHShort on QFEX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.037%−$4 on $10k
Price spread, last 7 days−0.766%−$77 · spread now −2.729%, 7d avg −3.758%
Together, before fees−0.803%+ Points / potential airdropLighter RH: Points live · farm board−$80 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 1.029% dearer against Lighter RH than usual: you sell high and buy low (spread −2.729% now, against its 7-day average of −3.758%): +$103 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH ANTHROPIC2,163.40.0032pay 0.0004% / 1h15m 17s$6.3M$16.1M5x
ShortQFEX ANTHROPIC-USD2,104.40get 0.0000% / 1h15m 17s$1.4M$1.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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

Funding earned
−$6.72
Price spread: −2.729% → −3.758%
$102.92
Slippage, 4 orders
−$12.74
Fee Lighter RH: 0 bp × 2 orders
$0
Fee QFEX: 5 bp × 2 orders
−$10
Net
$73.45
Costs to cover
0.227%
Break-even
from the start
Slippage from Lighter RH: live order book, 4 min ago; QFEX: live order book, 1 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 RH live order book, 4 min ago0.23 bp3.0 bp −$313.0 bp −$130245.1 bp −$24.5Kdoesn't fit
Sell QFEX live order book, 1 min ago2.95 bp7.9 bp −$811.3 bp −$113doesn'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−0.0466%8h2,105.1−2.697%$42K$67K20xas long as short
Lighter ANTHROPIC0.0000%1h2,167+0.166%$1.8M$952K5xas long as short
Bybit ANTHROPICUSDT0.0000%8h2,150.5−0.595%$2.4M$351K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,164.4+0.046%$4.8M$881K10xas long as short
QFEX ANTHROPIC-USDshort0.0000%1h2,104.4−2.729%$1.4M$1.2M10x
Gate ANTHROPIC_USDT0.0000%8h2,153.1−0.475%$2.4M$1.1M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,103.8−2.754%$25.9M$3.2M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,108.9−2.519%—$2.4M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,105−2.701%$1.6M$377K10xas long as short
Coinbase International ANTHROPIC-PERP-INTX+0.0008%1h2,123.7−1.835%$267K$25K5xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIClong+0.0032%1h2,163.4long leg$6.3M$16.1M5x
Extended ANTHROP-USD+0.0048%1h2,104.1−2.742%$19K$22K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,104.4−2.725%$121K$6K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,104.7−2.715%$32.0M$8.2M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,104.8−2.710%$7.8M$277K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,111−2.423%$477K$20K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,104.3−2.730%$2.4M$675K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,104.1−2.741%$10K$156K10xas long as short
BloFin ANTHROPIC-USDT+0.0055%8h2,104.7−2.711%$269K$256K20xas long as short
Entropy io:ANTH+0.0089%1h2,150.6−0.592%$34.8M$7.6M6xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,104.3−2.731%$10K$6310xas long as short