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Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%
Price spread now: Lighter against Binance+2.778%7-day average +3.983% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$390.387% of the position
Long on BinanceShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days−0.103%−$10 on $10k
Price spread, last 7 days+2.474%+$247 · spread now +2.778%, 7d avg +3.983%
Together, before fees+2.371%+ Points / potential airdropLighter: Season 3 · farm board+$237 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 1.205% cheaper against Binance than usual: you would sell low and buy high (−$121 if the spread goes back to its 7-day average of +3.983%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ANTHROPICUSDT2,107.70.0050pay 0.0050% / 8h4h 09m$32.0M$8.1M20x
ShortLighter ANTHROPIC2,166.30get 0.0000% / 1h9m 57s$1.9M$949K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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

Funding earned
−$10.5
Price spread: +2.778% → +3.983%
−$120.52
Slippage, 4 orders
−$28.73
Fee Binance: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$169.75
Costs to cover
0.387%
Break-even
never at this rate
Slippage from Binance: live order book, 2 min ago; Lighter: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 2 min ago1.00 bp11.0 bp −$1123.4 bp −$234doesn't fitdoesn't fit
Sell Lighter live order book, 2 min ago0.46 bp15.7 bp −$1681.5 bp −$815doesn't fitdoesn't fit

ANTHROPIC on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ANTHROPIC-USDT−0.0428%8h2,108.5+0.034%$42K$67K20xas long as short
Coinbase International ANTHROPIC-PERP-INTX−0.0280%1h2,123.7+0.758%$267K$25K5xas long as short
QFEX ANTHROPIC-USD−0.0002%1h2,107.3−0.023%$1.4M$1.2M10xas long as short
Lighter ANTHROPICshort0.0000%1h2,166.3+2.778%$1.9M$949K5x
Bybit ANTHROPICUSDT0.0000%8h2,150.2+2.013%$2.4M$351K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,164.7+2.702%$4.8M$864K10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,155.3+2.255%$2.4M$1.1M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,105.4−0.113%$26.0M$3.0M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,111.3+0.169%—$2.4M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,108.5+0.035%$1.6M$374K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,164+2.669%$6.2M$16.1M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,106.8−0.046%$19K$22K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,107.5−0.010%$122K$6K10xas long as short
Binance ANTHROPICUSDTlong+0.0050%8h2,107.7long leg$32.0M$8.1M20x
MEXC ANTHROPIC_USDT+0.0050%8h2,107.8+0.002%$7.8M$279K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,110.7+0.139%$477K$20K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,107.2−0.027%$2.4M$681K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,106.9−0.042%$10K$151K10xas long as short
BloFin ANTHROPIC-USDT+0.0074%8h2,107.7−0.001%$269K$256K20xas long as short
Entropy io:ANTH+0.0082%1h2,152.9+2.142%$34.9M$7.6M6xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,107.4−0.017%$10K$6310xas long as short