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Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 16:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.015%
Price spread now: KuCoin against Phemex+0.537%7-day average +0.265% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on PhemexShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.105%+$11 on $10k
Price spread, last 4 days (all we have)−0.367%−$37 · spread now +0.537%, 7d avg +0.265%
Together, before fees−0.262%−$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.272% dearer against Phemex than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.265%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ANTHROPICUSDT2,108.90get 0.0000% / 8h4h 05m$1.6M$342K10x
ShortKuCoin ANTHROPICUSDTM2,120.20.0050get 0.0050% / 8h4h 05m$500K$307K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. 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
$10.5
Price spread: +0.537% → +0.265%
$27.22
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$13.72
Costs to cover
0.240%
Break-even
from the start
Slippage unknown: Phemex: live order book, 5 min ago; KuCoin: live order book, 19 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 5 min ago1.92 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 19 min ago11.98 bp107.7 bp −$108doesn't fitdoesn't fitdoesn't fit

ANTHROPIC on 21 exchanges

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−0.0396%8h2,108.4−0.026%$42K$70K20xas long as short
QFEX ANTHROPIC-USD−0.0001%1h2,107.6−0.061%$1.4M$1.0M10xas long as short
Lighter ANTHROPIC0.0000%1h2,169.4+2.869%$1.9M$825K5xas long as short
Bybit ANTHROPICUSDT0.0000%8h2,150.9+1.990%$2.3M$360K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,168+2.802%$4.8M$646K10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,156.3+2.247%$2.5M$997K50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,108.5−0.018%$26.0M$3.0M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,112.5+0.171%—$1.6M10xas long as short
Phemex ANTHROPICUSDTlong0.0000%8h2,108.9long leg$1.6M$342K10x
BloFin ANTHROPIC-USDT+0.0023%8h2,107.5−0.065%$274K$245K20xas long as short
Show all 21 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,164.1+2.617%$6.3M$17.2M5xas long as short
Coinbase International ANTHROPIC-PERP-INTX+0.0040%1h2,121.3+0.589%$268K$22K5xas long as short
Extended ANTHROP-USD+0.0048%1h2,107−0.091%$10K$11K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,108.2−0.031%$122K$7K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,107.8−0.051%$32.3M$7.3M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,108.3−0.028%$7.7M$244K50xas long as short
KuCoin ANTHROPICUSDTMshort+0.0050%8h2,120.2+0.537%$500K$307K20x
Variational Omni ANTHROPIC+0.0050%8h2,110.3+0.068%$2.3M$680K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,110.7+0.083%$10K$198K10xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,107−0.091%$10K$6310xas long as short
Entropy io:ANTH+0.0115%1h2,156.1+2.238%$35.0M$6.7M6xas long as short