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 Bybit−1.849%7-day average −1.983% · you buy dearer than you sell

Net, funding: paid 7d − costs−$647as in the Funding arb table

Net, price: spread back to 7d avg − costs−$644as in the Price arb table

costs, in and out, $10k−$6586.577% of the position

Long on Bybit 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)−0.103%−$10 · spread now −1.849%, 7d avg −1.983%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.135% dearer against Bybit than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −1.983%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ANTHROPICUSDT	2,150.4	0	get 0.0000% / 8h	4h 32m	$2.4M	$351K	25x
Short	KuCoin ANTHROPICUSDTM	2,110.7	0.0050	get 0.0050% / 8h	4h 32m	$477K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now −1.849%Rate

Funding earned: $10.5
Price spread: −1.849% → −1.983%: $13.45
Slippage, 4 orders: −$634.7
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$633.75
Costs to cover: 6.577%
Break-even: 429.5 days

Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 50 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	14.53 bp	21.4 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 50 min ago	12.85 bp	148.3 bp −$148	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	−0.0422%	8h	2,107.8	−1.982%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0280%	1h	2,123.7	−1.243%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,107	−2.021%	$1.4M	$1.3M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,165.8	+0.714%	$1.9M	$930K	5x	as long as short
Bybit ANTHROPICUSDTlong	0.0000%	8h	2,150.4	long leg	$2.4M	$351K	25x
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.8	+0.668%	$4.8M	$867K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,153.6	+0.149%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,104.6	−2.131%	$26.0M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,111.3	−1.820%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,107.9	−1.979%	$1.6M	$379K	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	2,165.6	+0.705%	$6.2M	$15.8M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,106.7	−2.034%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.3	−2.006%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.3	−2.008%	$32.0M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.3	−2.005%	$7.8M	$277K	50x	as long as short
KuCoin ANTHROPICUSDTMshort	+0.0050%	8h	2,110.7	−1.849%	$477K	$20K	20x
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.9	−2.024%	$2.4M	$681K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106.1	−2.062%	$10K	$150K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0080%	8h	2,107.2	−2.009%	$269K	$256K	20x	as long as short
Entropy io:ANTH	+0.0080%	1h	2,153.7	+0.152%	$35.0M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.1	−2.014%	$10K	$63	10x	as long as short