TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
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
LONG1,936.3+0.0084pay 0.0010% / 1h50m 30s$1.1M$47K6xLong Phoenix
SHORT1,934.800.0000% / 8h2h 50m$2.6M$897K50xShort Gate
Price gap−0.079%62s
Funding gap−0.0084% /8h

Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.303% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$3−0.0084% /8h now · paid +0.029% over the last 7D
Price—spread −0.079%62s now · prices read too far apart to compare
Costs−$7327.321% 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−0.079%
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 · 4 to watch
  • Watch: Thin at this size44.8 / 165.2 bp
    At $10k entering Gate costs 165.2 bp, fee and slippage, 3.7× Phoenix’s.
  • Note: Margin at max leverage$1,667 + $200
    Phoenix 6x, Gate 50x. 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: −$2.52Long Phoenix: 24 payments, −$2.52; short Gate: 3 payments, $0.00.
  • Watch: Prices read 62 s apart−0.079% vs +0.224%
    Part of this gap may be the market moving.
  • Note: Long leg is thinner$1.1M vs $2.6M OI
    Both legs are deep; Phoenix is the smaller one.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCPhoenix No · Gate Yes
    KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0014%/8h × 21 periods+$2.89
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$710.14
Fee Phoenix bp × 2 orders−$7.00
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k−$729.25
price spread not counted: prices read too far apart
Costs to cover7.321%Break-even1772.2 days
Slippage: Phoenix: live order book, 2 min ago; Gate: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPhoenix3.1044.8 bp−$45264.2 bp−$2,642doesn’t fitdoesn’t fit
SELL · SHORTGate11.94165.2 bp−$165doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

ANTHROPIC news

posts that mention ANTHROPIC or Anthropic, from every exchangeSearch all news →
10-26 11:35KalshiOtherJUST IN: Anthropic to release S-1 IPO filing at 9 AM EST @Kalshi on X ↗
10-26 11:30KalshiOtherBREAKING: Elvis Presley's family sues Anthropic for using 274 songs to train Claude @Kalshi 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 ↗
10-25 07:00MEXCOtherEveryone wants a slice. When Anthropic goes public, who deserves the biggest piece of the pie? 🥧 Drop your split below. 👇 @MEXC on X ↗
10-24 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 ↗