Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG1,918.400.0000% / 1h50m 31s$1.0M$47K6xLong Phoenix
SHORT1,869.2+0.0050get 0.0050% / 8h4h 50m$45.4M$11.4M20xShort Binance
Price gap−2.565%72s
Funding gap+0.0050% /8h

Funding pays +$2 a day on $10k, but the gap is 0.703% under its 7d average: −$70 if it goes back, about 47 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$10+0.0050% /8h now · paid +0.095% over the last 7D
Price—spread −2.565%72s now · prices read too far apart to compare
Costs−$1211.215% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−2.565%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ANTHROPIC on 26 exchanges

lowest funding first

Before you open

0 ok · 5 to watch
  • Watch: Thin at this size43.7 / 12.4 bp
    At $10k entering Phoenix costs 43.7 bp, fee and slippage, 3.5× Binance’s.
  • Note: Margin at max leverage$1,667 + $500
    Phoenix 6x, Binance 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$1.50Long Phoenix: 24 payments, $0.00; short Binance: 3 payments, +$1.50.
  • Watch: Prices read 72 s apart−2.565% vs −1.861%
    Part of this gap may be the market moving.
  • Watch: Long leg is thinner$1.0M vs $45.4M OI
    Phoenix sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCPhoenix No · Binance Yes
    Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0045%/8h × 21 periods+$9.52
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$106.45
Fee Phoenix bp × 2 orders−$7.00
Fee Binance bp × 2 orders−$8.00
Net · 7 days · $10k−$111.93
price spread not counted: prices read too far apart
Costs to cover1.215%Break-even89.3 days
Slippage: Phoenix: live order book, 2 min ago; Binance: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPhoenix3.1343.7 bp−$44252.8 bp−$2,528doesn’t fitdoesn’t fit
SELL · SHORTBinance3.1612.4 bp−$1253.3 bp−$533doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

ANTHROPIC news

posts that mention ANTHROPIC or Anthropic, from every exchangeSearch all news →
10-25 07:00MEXCOtherEveryone wants a slice. When Anthropic goes public, who deserves the biggest piece of the pie? 🥧 Drop your split below. 👇 @MEXC on X ↗
10-25 07:00MEXCOtherOur Anthropic Pre-IPO Launchpad is coming. Complete missions first for a chance to win ANTHROPIC(PRE), an NVIDIA H200 GPU, and more! Win now. 👉 @MEXC on X ↗
10-24 20:00KalshiOtherBREAKING: Anthropic's highest ranking executives have pledged to give away 80% of their personal wealth @Kalshi on X ↗
10-24 19:20KalshiOtherJUST IN: UK partners with OpenAI, Anthropic, and Google to launch AI lab focused on preventing biological threats @Kalshi on X ↗
10-23 22:30Markets by KinetiqOtherOpenAI's pre-IPO price is down 10% this month while Anthropic's is down 7%. China's Moonshot says its Kimi K3.1 Pro matches Claude Opus 5.5 on Terminal-Bench for about a third of the cost. @Markets_xyz on X ↗
10-23 13:00MEXCOtherGet ready for our Anthropic Pre-IPO Launchpad. 👀 Complete missions and enter our lucky draw to win exclusive rewards! Prizes include ANTHROPIC(PRE), NVIDIA H200 GPU, and more! Be part of the Pre-IPO hype and get in on the action now. 👉 @MEXC on X ↗