Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,887.6 | −0.0085 | get 0.0011% / 1h | 44m 05s | $1.0M | $50K | 6x | Long Phoenix | |
| SHORT | 1,872.7 | +0.0815 | get 0.0408% / 4h | 1h 44m | $1K | $143K | 5x | Short edgeX |
Price gap−0.791%
Funding gap+0.0900% /8h
Funding pays +$27 a day on $10k, but the gap is 0.028% under its 7d average: −$3 if it goes back, about 3 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$4+0.0900% /8h now · paid −0.035% over the last 10 hours (all we have)
Price−$3spread −0.791% now, avg −0.762% → −0.028% if it goes back
Costs−$1071.071% of $10k · taker + slippage, in and out
Result−$113−1.13%+ Points / potential airdropedgeX: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 10 hours it paid −0.035% in total, about −0.0274%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.791%
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
/8hANTHROPIC on 27 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size44.2 / 8.6 bpAt $10k entering Phoenix costs 44.2 bp, fee and slippage, 5.1× edgeX’s.
- Note: Margin at max leverage$1,667 + $2,000Phoenix 6x, edgeX 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$27.00Long Phoenix: 24 payments, +$2.54; short edgeX: 6 payments, +$24.45.
- Watch: Gap narrower than usual−0.791% vs −0.762%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$1K vs $1.0M OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legPhoenix No · edgeX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0274%/8h × 21 periods−$57.52
Price spread−0.791% → −0.762% (7d avg)−$2.82
Slippage, 4 orderslive order books−$91.12
Fee Phoenix bp × 2 orders−$7.00
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k−$167.45
Costs to cover1.071%Break-evennever at this rate
Slippage: Phoenix: live order book, 3 min ago; edgeX: live order book, 44 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix3.1844.2 bp−$44255.3 bp−$2,553doesn’t fitdoesn’t fit
SELL · SHORTedgeX4.128.6 bp−$9doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-27 14:37 | Kalshi | Other | JUST IN: Anthropic pays each trustee of its safety trust $400,000 a year @Kalshi on X ↗ |
| 10-27 13:30 | Vest Markets | Other | Into the open, $AVGO is up around 3%, with a $63B deal announced yesterday to fund Broadcom chips leased to Anthropic. Bank of America, Citi and Morgan Stanley are arranging the first lien and Blackstone the second, via a new vehicle that buys the hardware. Broadcom provides residual value support equal to the first lien, with deliveries starting in 2027 and $AVGO adding to a 2.3% gain in the prior session. @VestExchange on X ↗ |
| 10-27 13:27 | Paragon | Listing | Anthropic ($ANTH) is now trading 24/7 on Hyperliquid. Up to 10x leverage. Anthropic is the AI research company behind Claude. $ANTH is a pre-listing perpetual, pricing Anthropic ahead of its public listing. Trade now on Hyperliquid: @tradeparagon on X ↗ |
| 10-27 12:34 | BingX | Other | The Anthropic IPO countdown is ON ⏳ New users get $15 in ANTHROPIC on their first trade, while existing users can trade AI stocks to earn ANTHROPIC. Join Oct 27, 20:00 – Nov 6, 23:59 (UTC+8) and unlock $500,000 USDT in rewards 👇 @BingXOfficial on X ↗ |
| 10-27 11:24 | Paragon | Listing | new market para:ANTH ($ANTHROPIC) seen by our collector |
| 10-27 10:48 | edgeX | Listing | new market ANTHROPICUSDC ($ANTHROPIC) seen by our collector |


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