Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,735.1 | +0.0418 | pay 0.0052% / 1h | 2m 35s | $923K | $75K | 6x | Long Phoenix | |
| SHORT | 1,732.3 | +0.3125 | get 0.0391% / 1h | 2m 35s | $364K | $3.9M | 10x | Short Polymarket Perps |
Price gap−0.161%60s
Funding gap+0.2708% /8h
Both sides work: funding pays +$81 a day on $10k, and the gap is 0.020% above its 7d average: +$2 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$103+0.2708% /8h now · paid −1.026% over the last 7D
Price—spread −0.161%60s now · prices read too far apart to compare
Costs−$770.772% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
The current funding rate is far above what this pair has been paying: over the last 7 days it paid −1.026% in total, about −0.0488%/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−0.161%
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 29 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size29.5 / 7.5 bpAt $10k entering Phoenix costs 29.5 bp, fee and slippage, 4.0× Polymarket Perps’s.
- Note: Margin at max leverage$1,667 + $1,000Phoenix 6x, Polymarket Perps 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$81.23Long Phoenix: 24 payments, −$12.53; short Polymarket Perps: 24 payments, +$93.76.
- Watch: Prices read 60 s apart−0.161% vs −0.182%Part of this gap may be the market moving.
- Watch: Short leg is thinner$364K vs $923K OIPolymarket Perps sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legPhoenix No · Polymarket Perps NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0488%/8h × 21 periods−$102.56
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$62.19
Fee Phoenix bp × 2 orders−$7.00
Fee Polymarket Perps bp × 2 orders−$8.00
Net · 7 days · $10k−$179.75
price spread not counted: prices read too far apartCosts to cover0.772%Break-evennever at this rate
Slippage: Phoenix: live order book, 8 min ago; Polymarket Perps: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.8829.5 bp−$30200.3 bp−$2,003doesn’t fitdoesn’t fit
SELL · SHORTPolymarket Perps3.457.5 bp−$717.6 bp−$176doesn’t fitdoesn’t fit
Closing costs about the same again.
ANTHROPIC news
posts that mention ANTHROPIC or Anthropic, from every exchange| 11-05 15:49 | Entropy | Other | Anthropic fell ~5% on Entropy from $1,850 to $1,750, an implied $1.75T, as US chip stocks sold off at the open, with AMD down 15% and Nvidia nearly 8%. @entropyIO on X ↗ |
| 11-05 15:17 | Polymarket Perps | Other | Think in billions, not shares. A move from 1,820 to 1,830 on $ANT represents a $10B increase in Anthropic's implied valuation. Trade $ANT on Polymarket Perps with a 3× volume boost in the $50K Competition👇 @Poly_Perps on X ↗ |
| 11-05 15:15 | Bitget | Other | Join our expert guest, Benson, as he shares investment strategies and expert insights on the Anthropic IPO. Benson is a veteran of 100+ IPOs and former Venture Capital Fund Director of a listed company. We'll start in few minutes. Join on Bitget Live now! 🎙️ @bitget on X ↗ |
| 11-05 14:00 | Bitget | Other | VIPs, It's time to subscribe to Anthropic IPO. You've got 5 days to subsribe. @bitget on X ↗ |
| 11-05 14:00 | MEXC | Contest | The Anthropic Pre-IPO Carnival is live on MEXC! 🚀 $600,000 prize pool. Grand prize: 5 ANTon. Register & complete eligible missions to get draw chances. Every draw wins a prize! Get ahead of the biggest IPO buzz now. 👉 @MEXC on X ↗ |
| 11-05 12:00 | Bitget | Other | Why VIPs choose Anthropic IPO Prime: ✅ 40-80% allocation rate ✅ Commit up to $3M per user ✅ Wall Street-grade allocation channel — an industry first Subscription closes Nov 9, 08:00 AM UTC. Subscribe now: @bitget on X ↗ |


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