ANTHROPIC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.015%

Price spread now: KuCoin against Bitget+0.223%7-day average +0.476% · you sell dearer than you buy

Net, funding: paid 7d − costs−$606as in the Funding arb table

Net, price: spread back to 7d avg − costs−$642as in the Price arb table

costs, in and out, $10k−$6176.166% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 4 days (all we have)+0.357%+$36 · spread now +0.223%, 7d avg +0.476%

Together, before fees+0.462%+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.253% cheaper against Bitget than usual: you would sell low and buy high (spread +0.223% now, against its 7-day average of +0.476%). If the spread goes back, that is −$25 on $10k: about 17 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ANTHROPICUSDT	2,106	0	get 0.0000% / 8h	2h 07m	$25.9M	$3.3M	20x
Short	KuCoin ANTHROPICUSDTM	2,110.7	0.0050	get 0.0050% / 8h	2h 07m	$498K	$25K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now +0.223%Rate

Funding earned: $10.5
Price spread: +0.223% → +0.476%: −$25.28
Slippage, 4 orders: −$592.56
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$631.34
Costs to cover: 6.166%
Break-even: 427.9 days

Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 51 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 Bitget live order book, 1 min ago	0.76 bp	7.6 bp −$8	12.1 bp −$121	doesn't fit	doesn't fit
Sell KuCoin live order book, 51 min ago	13.79 bp	143.9 bp −$144	doesn't fit	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	−0.0457%	8h	2,107.6	+0.073%	$42K	$68K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0064%	1h	2,118.4	+0.588%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0006%	1h	2,107	+0.046%	$1.4M	$1.2M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.8	+2.885%	$1.9M	$946K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,153.1	+2.235%	$2.3M	$425K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166.2	+2.857%	$4.8M	$857K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,153.2	+2.241%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDTlong	0.0000%	8h	2,106	long leg	$25.9M	$3.3M	20x
SunX ANTHROPIC-USDT	0.0000%	8h	2,112.3	+0.297%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,108.1	+0.097%	$1.6M	$382K	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	2,162.5	+2.681%	$6.3M	$16.4M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,107.1	+0.051%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.8	+0.082%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.8	+0.084%	$32.1M	$8.4M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.9	+0.087%	$7.8M	$278K	50x	as long as short
KuCoin ANTHROPICUSDTMshort	+0.0050%	8h	2,110.7	+0.223%	$498K	$25K	20x
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.7	+0.030%	$2.4M	$707K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106.7	+0.032%	$10K	$160K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0062%	8h	2,107.6	+0.074%	$268K	$258K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.2	+0.055%	$10K	$63	10x	as long as short
Entropy io:ANTH	+0.0121%	1h	2,152	+2.182%	$34.9M	$7.5M	6x	as long as short