Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,918.4 | 0 | 0.0000% / 1h | 49m 34s | $1.0M | $47K | 6x | Long Phoenix | |
| SHORT | 1,871.5 | −0.0008 | pay 0.0001% / 1h | 49m 34s | $1.7M | $345K | 10x | Short QFEX10% back |
Price gap−2.447%
Funding gap−0.0008% /8h
Funding is ≈ 0 and the gap is 0.506% under its 7d average: the price leg works against you, −$51 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$8−0.0008% /8h now · paid −0.076% over the last 7D
Price−$51spread −2.447% now, avg −1.940% → −0.506% if it goes back
Costs−$1691.690% of $10k · taker + slippage, in and out
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−2.447%
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 26 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Watch: Thin at this size43.7 / 36.7 bpAt $10k entering Phoenix costs 43.7 bp, fee and slippage, 1.2× QFEX’s.
- Note: Margin at max leverage$1,667 + $1,000Phoenix 6x, QFEX 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: −$0.25Long Phoenix: 24 payments, $0.00; short QFEX: 24 payments, −$0.25.
- Watch: Gap narrower than usual−2.447% vs −1.940%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Long leg is thinner$1.0M vs $1.7M OIBoth legs are deep; Phoenix is the smaller one.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legPhoenix No · QFEX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0036%/8h × 21 periods−$7.59
Price spread−2.447% → −1.940% (7d avg)−$50.64
Slippage, 4 orderslive order books−$141.98
Fee Phoenix bp × 2 orders−$7.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$227.21
Costs to cover1.690%Break-evennever at this rate
Slippage: Phoenix: live order book, 3 min ago; QFEX: live order book, 8 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix3.1343.7 bp−$44252.8 bp−$2,528doesn’t fitdoesn’t fit
SELL · SHORTQFEX26.0336.7 bp−$3746.7 bp−$467doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-25 07:00 | MEXC | Other | Everyone wants a slice. When Anthropic goes public, who deserves the biggest piece of the pie? 🥧 Drop your split below. 👇 @MEXC on X ↗ |
| 10-25 07:00 | MEXC | Other | Our 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 20:00 | Kalshi | Other | BREAKING: Anthropic's highest ranking executives have pledged to give away 80% of their personal wealth @Kalshi on X ↗ |
| 10-24 19:20 | Kalshi | Other | JUST IN: UK partners with OpenAI, Anthropic, and Google to launch AI lab focused on preventing biological threats @Kalshi on X ↗ |
| 10-23 22:30 | Markets by Kinetiq | Other | OpenAI'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 13:00 | MEXC | Other | Get 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 ↗ |

MEXC
Kalshi