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Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h −0.056%
Price spread now: Lighter against Coinbase International+2.274%7-day average +3.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$180as in the Price arb table
costs, in and out, $10k−$1021.023% of the position
Long on Coinbase InternationalShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days−0.017%−$2 on $10k
Price spread, last 4 days (all we have)+1.476%+$148 · spread now +2.274%, 7d avg +3.054%
Together, before fees+1.458%+ Points / potential airdropLighter: Season 3 · farm board+$146 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.780% cheaper against Coinbase International than usual: you would sell low and buy high (spread +2.274% now, against its 7-day average of +3.054%). If the spread goes back, that is −$78 on $10k: about 41 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ANTHROPIC-PERP-INTX2,118.4−0.0064get 0.0008% / 1h10m 13s$267K$25K5x
ShortLighter ANTHROPIC2,166.60get 0.0000% / 1h10m 13s$1.9M$946K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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
$13.44
Price spread: +2.274% → +3.054%
−$78.05
Slippage, 4 orders
−$92.27
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$166.88
Costs to cover
1.023%
Break-even
93.9 days
Slippage from Coinbase International: live order book, 38 min ago; Lighter: live order book, 1 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 Coinbase International live order book, 38 min ago27.16 bp39.4 bp −$3963.2 bp −$632doesn't fitdoesn't fit
Sell Lighter live order book, 1 min ago0.23 bp12.9 bp −$1369.2 bp −$692doesn'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−0.0456%8h2,107.6−0.510%$42K$68K20xas long as short
Coinbase International ANTHROPIC-PERP-INTXlong−0.0064%1h2,118.4long leg$267K$25K5x
QFEX ANTHROPIC-USD−0.0006%1h2,107.2−0.532%$1.4M$1.2M10xas long as short
Lighter ANTHROPICshort0.0000%1h2,166.6+2.274%$1.9M$946K5x
Bybit ANTHROPICUSDT0.0000%8h2,152.7+1.619%$2.3M$425K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,164.8+2.189%$4.8M$857K10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,153+1.632%$2.4M$1.1M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,105.3−0.622%$25.9M$3.3M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,111−0.351%—$2.4M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,108.2−0.485%$1.6M$382K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ANTHROPIC-USDT+0.0020%8h2,107.6−0.511%$269K$258K20xas long as short
Lighter RH ANTHROPIC+0.0032%1h2,162.5+2.080%$6.3M$16.3M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,106.6−0.558%$19K$22K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,106.9−0.544%$122K$6K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,106.9−0.542%$32.1M$8.4M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,107−0.541%$7.8M$278K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,110.7−0.363%$498K$25K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,106.7−0.555%$2.4M$707K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,105.5−0.612%$10K$160K10xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,107−0.541%$10K$6310xas long as short
Entropy io:ANTH+0.0121%1h2,151.9+1.580%$34.9M$7.8M6xas long as short