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: Binance against Bybit−2.151%7-day average −2.310% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$770.768% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 2 days (all we have)−0.340%−$34 · spread now −2.151%, 7d avg −2.310%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.159% dearer against Bybit than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −2.310%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ANTHROPICUSDT | 2,154.8 | 0 | get 0.0000% / 8h | 6h 57m | $2.4M | $380K | 25x |
| Short | Binance ANTHROPICUSDT | 2,108.4 | 0.0050 | get 0.0050% / 8h | 6h 57m | $32.0M | $8.1M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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: −2.151% → −2.310%
- $15.92
- Slippage, 4 orders
- −$55.82
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$50.4
- Costs to cover
- 0.768%
- Break-even
- 40.6 days
Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 14 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 Bybit live order book, 4 min ago | 23.73 bp | 29.9 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 1.33 bp | 6.8 bp −$7 | 23.0 bp −$230 | 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 | −0.0320% | 8h | 2,107.5 | −2.194% | $42K | $67K | 20x | as long as short |
| QFEX ANTHROPIC-USD | −0.0002% | 1h | 2,108.4 | −2.154% | $1.4M | $1.4M | 10x | as long as short |
| Lighter ANTHROPIC | 0.0000% | 1h | 2,168.8 | +0.651% | $1.9M | $909K | 5x | as long as short |
| Bybit ANTHROPICUSDTlong | 0.0000% | 8h | 2,154.8 | long leg | $2.4M | $380K | 25x | |
| OKX ANTHROPIC-USDT-SWAP | 0.0000% | 8h | 2,168.6 | +0.641% | $4.8M | $1.0M | 10x | as long as short |
| Gate ANTHROPIC_USDT | 0.0000% | 8h | 2,156 | +0.057% | $2.4M | $1.1M | 50x | as long as short |
| Bitget ANTHROPICUSDT | 0.0000% | 8h | 2,105.9 | −2.267% | $25.9M | $3.0M | 20x | as long as short |
| SunX ANTHROPIC-USDT | 0.0000% | 8h | 2,112.6 | −1.958% | — | $2.6M | 10x | as long as short |
| Phemex ANTHROPICUSDT | 0.0000% | 8h | 2,109.3 | −2.111% | $1.6M | $376K | 10x | as long as short |
| Lighter RH ANTHROPIC | +0.0032% | 1h | 2,173.2 | +0.855% | $6.3M | $16.3M | 5x | as long as short |
Show all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ANTHROP-USD | +0.0048% | 1h | 2,107.9 | −2.174% | $19K | $38K | 10x | as long as short |
| Aster ANTHROPICUSDT | +0.0050% | 8h | 2,108.4 | −2.154% | $122K | $7K | 10x | as long as short |
| Binance ANTHROPICUSDTshort | +0.0050% | 8h | 2,108.4 | −2.151% | $32.0M | $8.1M | 20x | |
| MEXC ANTHROPIC_USDT | +0.0050% | 8h | 2,108.4 | −2.151% | $7.8M | $275K | 50x | as long as short |
| KuCoin ANTHROPICUSDTM | +0.0050% | 8h | 2,119.6 | −1.633% | $478K | $20K | 20x | as long as short |
| Variational Omni ANTHROPIC | +0.0050% | 8h | 2,108.1 | −2.167% | $2.4M | $664K | — | as long as short |
| GRVT ANTHROPIC_USDT_Perp | +0.0050% | 8h | 2,109 | −2.125% | $10K | $151K | 10x | as long as short |
| BloFin ANTHROPIC-USDT | +0.0056% | 8h | 2,109.1 | −2.121% | $268K | $257K | 20x | as long as short |
| Aevo ANTHROPIC-PERP | +0.0104% | 1h | 2,108.7 | −2.141% | $10K | — | 10x | as long as short |
| Coinbase International ANTHROPIC-PERP-INTX | +0.0104% | 1h | 2,123.7 | −1.442% | $267K | $26K | 5x | as long as short |
| Entropy io:ANTH | +0.0105% | 1h | 2,166.3 | +0.535% | $35.3M | $7.7M | 6x | as long as short |
Bybit ANTHROPICUSDT
Binance ANTHROPICUSDT
HTX ANTHROPIC-USDT
Lighter ANTHROPIC
OKX ANTHROPIC-USDT-SWAP
Gate ANTHROPIC_USDT
Bitget ANTHROPICUSDT
SunX ANTHROPIC-USDT
Phemex ANTHROPICUSDT
Lighter RH ANTHROPIC
Extended ANTHROP-USD
Aster ANTHROPICUSDT
MEXC ANTHROPIC_USDT
KuCoin ANTHROPICUSDTM
Variational Omni ANTHROPIC
GRVT ANTHROPIC_USDT_Perp
BloFin ANTHROPIC-USDT
Coinbase International ANTHROPIC-PERP-INTX