ANTHROPIC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0374%/8h= −41.0% APRnext payment −$0.47 per $10,000 · paid last 24h +0.071%

Price spread now: Coinbase International against QFEX+0.513%7-day average +0.300% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$910.908% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.024%+$2 on $10k

Price spread, last 3 days (all we have)+0.391%+$39 · spread now +0.513%, 7d avg +0.300%

Together, before fees+0.415%+$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.213% dearer against QFEX than usual: you sell high and buy low (spread +0.513% now, against its 7-day average of +0.300%): +$21 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 45 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.024% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ANTHROPIC-USD	2,108.3	−0.0002	get 0.0000% / 1h	17m 27s	$1.4M	$1.5M	10x
Short	Coinbase International ANTHROPIC-PERP-INTX	2,119.1	−0.0376	pay 0.0047% / 1h	17m 27s	$267K	$26K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.513%Rate

Funding earned: −$78.57
Price spread: +0.513% → +0.300%: $21.28
Slippage, 4 orders: −$70.76
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$148.06
Costs to cover: 0.908%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; Coinbase International: live order book, 60 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy QFEX live order book, 4 min ago	1.47 bp	8.6 bp −$9	18.1 bp −$181	doesn't fit	doesn't fit
Sell Coinbase International live order book, 60 min ago	25.39 bp	31.1 bp −$31	59.1 bp −$591	doesn't fit	doesn't fit

ANTHROPIC on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International ANTHROPIC-PERP-INTXshort	−0.0376%	1h	2,119.1	+0.513%	$267K	$26K	5x
HTX ANTHROPIC-USDT	−0.0281%	8h	2,109.2	+0.042%	$42K	$70K	20x	as long as short
QFEX ANTHROPIC-USDlong	−0.0002%	1h	2,108.3	long leg	$1.4M	$1.5M	10x
Lighter ANTHROPIC	0.0000%	1h	2,173.3	+3.085%	$1.9M	$713K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,155	+2.216%	$2.4M	$373K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,171.1	+2.981%	$4.8M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,157.2	+2.323%	$2.5M	$1.2M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,104.2	−0.193%	$25.8M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,111.9	+0.173%	—	$2.6M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,108.8	+0.023%	$1.6M	$376K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,172.1	+3.028%	$6.3M	$17.2M	5x	as long as short
BloFin ANTHROPIC-USDT	+0.0042%	8h	2,108	−0.011%	$267K	$259K	20x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,108.2	−0.005%	$19K	$38K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,108.6	+0.014%	$123K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,108.6	+0.014%	$31.9M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,108.2	−0.002%	$7.8M	$279K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,122.2	+0.663%	$479K	$21K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,107.9	−0.015%	$2.3M	$515K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.6	−0.033%	$10K	$157K	10x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,108.3	0.000%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0114%	1h	2,161.2	+2.511%	$35.1M	$7.7M	6x	as long as short