Funding you earn now, next payment 16:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%
Price spread now: OKX against Binance+2.736%7-day average +2.423% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$580.584% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 7 days−0.590%−$59 · spread now +2.736%, 7d avg +2.423%
=The price spread pays, funding is against you. OKX is 0.313% dearer against Binance than usual: you sell high and buy low (spread +2.736% now, against its 7-day average of +2.423%): +$31 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 21 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ANTHROPICUSDT | 2,109.5 | 0.0050 | pay 0.0050% / 8h | 7h 19m | $32.1M | $8.2M | 20x |
| Short | OKX ANTHROPIC-USDT-SWAP | 2,167.2 | 0 | get 0.0000% / 8h | 7h 19m | $4.8M | $809K | 10x |
Binance ANTHROPICUSDT
OKX ANTHROPIC-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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: +2.736% → +2.423%
- $31.34
- Slippage, 4 orders
- −$38.43
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$37.59
- Costs to cover
- 0.584%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; OKX: live order book, 3 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 Binance live order book, 7 min ago | 1.23 bp | 7.9 bp −$8 | 20.1 bp −$201 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.46 bp | 12.9 bp −$13 | 52.4 bp −$524 | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ANTHROPIC-USDT | −0.0390% | 8h | 2,114.4 | +0.233% | $42K | $69K | 20x | as long as short |
| QFEX ANTHROPIC-USD | −0.0004% | 1h | 2,109.1 | −0.019% | $1.4M | $1.1M | 10x | as long as short |
| Lighter ANTHROPIC | 0.0000% | 1h | 2,169.3 | +2.836% | $1.9M | $878K | 5x | as long as short |
| Bybit ANTHROPICUSDT | 0.0000% | 8h | 2,151.1 | +1.972% | $2.3M | $423K | 25x | as long as short |
| OKX ANTHROPIC-USDT-SWAPshort | 0.0000% | 8h | 2,167.2 | +2.736% | $4.8M | $809K | 10x | |
| Gate ANTHROPIC_USDT | 0.0000% | 8h | 2,154.8 | +2.150% | $2.4M | $1.0M | 50x | as long as short |
| Bitget ANTHROPICUSDT | 0.0000% | 8h | 2,107.3 | −0.106% | $26.0M | $3.2M | 20x | as long as short |
| SunX ANTHROPIC-USDT | 0.0000% | 8h | 2,113.9 | +0.210% | — | $2.2M | 10x | as long as short |
| Phemex ANTHROPICUSDT | 0.0000% | 8h | 2,110.2 | +0.033% | $1.6M | $380K | 10x | as long as short |
| BloFin ANTHROPIC-USDT | +0.0031% | 8h | 2,109.7 | +0.011% | $273K | $260K | 20x | as long as short |
HTX ANTHROPIC-USDT
QFEX ANTHROPIC-USD
Lighter ANTHROPIC
Bybit ANTHROPICUSDT
Gate ANTHROPIC_USDT
Bitget ANTHROPICUSDT
SunX ANTHROPIC-USDT
Phemex ANTHROPICUSDT
BloFin ANTHROPIC-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH ANTHROPIC | +0.0032% | 1h | 2,164.6 | +2.613% | $6.4M | $16.5M | 5x | as long as short |
| Extended ANTHROP-USD | +0.0048% | 1h | 2,109 | −0.024% | $19K | $3K | 10x | as long as short |
| Aster ANTHROPICUSDT | +0.0050% | 8h | 2,109.3 | −0.006% | $122K | $6K | 10x | as long as short |
| Binance ANTHROPICUSDTlong | +0.0050% | 8h | 2,109.5 | long leg | $32.1M | $8.2M | 20x | |
| MEXC ANTHROPIC_USDT | +0.0050% | 8h | 2,109.5 | 0.000% | $7.8M | $273K | 50x | as long as short |
| KuCoin ANTHROPICUSDTM | +0.0050% | 8h | 2,116.7 | +0.344% | $499K | $88K | 20x | as long as short |
| Variational Omni ANTHROPIC | +0.0050% | 8h | 2,109.2 | −0.015% | $2.3M | $650K | — | as long as short |
| GRVT ANTHROPIC_USDT_Perp | +0.0050% | 8h | 2,107.6 | −0.088% | $10K | $173K | 10x | as long as short |
| Entropy io:ANTH | +0.0104% | 1h | 2,153.4 | +2.082% | $35.1M | $7.4M | 6x | as long as short |
| Aevo ANTHROPIC-PERP | +0.0104% | 1h | 2,109 | −0.025% | $10K | $63 | 10x | as long as short |
| Coinbase International ANTHROPIC-PERP-INTX | +0.0104% | 1h | 2,117.9 | +0.401% | $267K | $28K | 5x | as long as short |
Lighter RH ANTHROPIC
Extended ANTHROP-USD
Aster ANTHROPICUSDT
MEXC ANTHROPIC_USDT
KuCoin ANTHROPICUSDTM
Variational Omni ANTHROPIC
GRVT ANTHROPIC_USDT_Perp
Entropy io:ANTH
Aevo ANTHROPIC-PERP
Coinbase International ANTHROPIC-PERP-INTX