Funding you earn now, next payment 06:00 UTC−0.0130%/8h= −14.2% APRpaid last 24h +0.037%
Price spread now: Coinbase International against MEXC+0.560%7-day average +0.335% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$830.834% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 4 days (all we have)+0.171%+$17 · spread now +0.560%, 7d avg +0.335%
=The price spread pays, funding is against you. Coinbase International is 0.225% dearer against MEXC than usual: you sell high and buy low (spread +0.560% now, against its 7-day average of +0.335%): +$22 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.8 days. At the pace of the last 7 days (−0.084% in total) that is about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ANTHROPIC_USDT | 2,108.9 | 0.0050 | pay 0.0050% / 8h | 1h 17m | $7.8M | $274K | 50x |
| Short | Coinbase International ANTHROPIC-PERP-INTX | 2,120.7 | −0.0080 | pay 0.0010% / 1h | 17m 58s | $267K | $25K | 5x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against MEXC. 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
- −$27.3
- Price spread: +0.560% → +0.335%
- $22.48
- Slippage, 4 orders
- −$73.38
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$88.2
- Costs to cover
- 0.834%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; Coinbase International: live order book, 25 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 MEXC live order book, 5 min ago | 1.59 bp | 2.1 bp −$2 | 51.5 bp −$515 | 510.6 bp −$51.1K | doesn't fit |
| Sell Coinbase International live order book, 25 min ago | 34.53 bp | 39.5 bp −$40 | 57.1 bp −$571 | 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 | −0.0431% | 8h | 2,108.9 | 0.000% | $42K | $69K | 20x | as long as short |
| Coinbase International ANTHROPIC-PERP-INTXshort | −0.0080% | 1h | 2,120.7 | +0.560% | $267K | $25K | 5x | |
| Lighter ANTHROPIC | 0.0000% | 1h | 2,168.2 | +2.812% | $1.9M | $904K | 5x | as long as short |
| Bybit ANTHROPICUSDT | 0.0000% | 8h | 2,152.6 | +2.073% | $2.3M | $421K | 25x | as long as short |
| OKX ANTHROPIC-USDT-SWAP | 0.0000% | 8h | 2,165.3 | +2.675% | $4.8M | $850K | 10x | as long as short |
| QFEX ANTHROPIC-USD | 0.0000% | 1h | 2,108.7 | −0.010% | $1.4M | $1.1M | 10x | as long as short |
| Gate ANTHROPIC_USDT | 0.0000% | 8h | 2,154.9 | +2.183% | $2.4M | $1.1M | 50x | as long as short |
| Bitget ANTHROPICUSDT | 0.0000% | 8h | 2,105.4 | −0.168% | $25.9M | $3.2M | 20x | as long as short |
| SunX ANTHROPIC-USDT | 0.0000% | 8h | 2,113 | +0.195% | — | $2.4M | 10x | as long as short |
| Phemex ANTHROPICUSDT | 0.0000% | 8h | 2,109.7 | +0.038% | $1.6M | $384K | 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 ANTHROPIC | +0.0032% | 1h | 2,164.8 | +2.651% | $6.4M | $16.6M | 5x | as long as short |
| Extended ANTHROP-USD | +0.0048% | 1h | 2,108.3 | −0.029% | $19K | $22K | 10x | as long as short |
| Aster ANTHROPICUSDT | +0.0050% | 8h | 2,108.8 | −0.003% | $122K | $6K | 10x | as long as short |
| Binance ANTHROPICUSDT | +0.0050% | 8h | 2,108.8 | −0.004% | $32.2M | $8.3M | 20x | as long as short |
| MEXC ANTHROPIC_USDTlong | +0.0050% | 8h | 2,108.9 | long leg | $7.8M | $274K | 50x | |
| KuCoin ANTHROPICUSDTM | +0.0050% | 8h | 2,111.9 | +0.144% | $498K | $25K | 20x | as long as short |
| Variational Omni ANTHROPIC | +0.0050% | 8h | 2,108.5 | −0.018% | $2.3M | $648K | — | as long as short |
| GRVT ANTHROPIC_USDT_Perp | +0.0050% | 8h | 2,107.8 | −0.050% | $10K | $166K | 10x | as long as short |
| BloFin ANTHROPIC-USDT | +0.0050% | 8h | 2,109.3 | +0.018% | $270K | $260K | 20x | as long as short |
| Entropy io:ANTH | +0.0102% | 1h | 2,153.5 | +2.115% | $35.0M | $7.6M | 6x | as long as short |
| Aevo ANTHROPIC-PERP | +0.0104% | 1h | 2,109.1 | +0.008% | $10K | $63 | 10x | as long as short |
MEXC ANTHROPIC_USDT
Coinbase International ANTHROPIC-PERP-INTX
HTX ANTHROPIC-USDT
Lighter ANTHROPIC
Bybit ANTHROPICUSDT
OKX ANTHROPIC-USDT-SWAP
Gate ANTHROPIC_USDT
Bitget ANTHROPICUSDT
SunX ANTHROPIC-USDT
Phemex ANTHROPICUSDT
Lighter RH ANTHROPIC
Extended ANTHROP-USD
Aster ANTHROPICUSDT
Binance ANTHROPICUSDT
KuCoin ANTHROPICUSDTM
Variational Omni ANTHROPIC
GRVT ANTHROPIC_USDT_Perp
BloFin ANTHROPIC-USDT