Funding you earn now, next payment 03:00 UTC+0.0278%/8h= +30.4% APRnext payment +$0.35 per $10,000 · paid last 24h −0.063%
Price spread now: QFEX against Coinbase International−0.753%7-day average −0.323% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$860.863% of the position
Funding, last 4 days (all we have)−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)−0.756%−$76 · spread now −0.753%, 7d avg −0.323%
=Funding pays, the price is against you. QFEX is 0.430% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.753% now, against its 7-day average of −0.323%). If the spread goes back, that is −$43 on $10k: about 5.2 days of funding at the current rate (+$8 a day).
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.019% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ANTHROPIC-PERP-INTX | 2,123.7 | −0.0280 | get 0.0035% / 1h | 8m 30s | $267K | $25K | 5x |
| Short | QFEX ANTHROPIC-USD | 2,107.7 | −0.0002 | pay 0.0000% / 1h | 8m 30s | $1.4M | $1.2M | 10x |
Coinbase International ANTHROPIC-PERP-INTX
QFEX ANTHROPIC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $58.36
- Price spread: −0.753% → −0.323%
- −$43
- Slippage, 4 orders
- −$66.25
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$70.89
- Costs to cover
- 0.863%
- Break-even
- 15.5 days
Slippage from Coinbase International: live order book, 49 min ago; QFEX: 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 Coinbase International live order book, 49 min ago | 30.33 bp | 35.6 bp −$36 | 59.6 bp −$596 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 3 min ago | 1.92 bp | 7.6 bp −$8 | 12.0 bp −$120 | 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 | −0.0428% | 8h | 2,108.5 | −0.719% | $42K | $67K | 20x | as long as short |
| Coinbase International ANTHROPIC-PERP-INTXlong | −0.0280% | 1h | 2,123.7 | long leg | $267K | $25K | 5x | |
| QFEX ANTHROPIC-USDshort | −0.0002% | 1h | 2,107.7 | −0.753% | $1.4M | $1.2M | 10x | |
| Lighter ANTHROPIC | 0.0000% | 1h | 2,166 | +1.991% | $1.9M | $950K | 5x | as long as short |
| Bybit ANTHROPICUSDT | 0.0000% | 8h | 2,148.5 | +1.168% | $2.4M | $351K | 25x | as long as short |
| OKX ANTHROPIC-USDT-SWAP | 0.0000% | 8h | 2,164.8 | +1.935% | $4.8M | $864K | 10x | as long as short |
| Gate ANTHROPIC_USDT | 0.0000% | 8h | 2,155.1 | +1.480% | $2.4M | $1.1M | 50x | as long as short |
| Bitget ANTHROPICUSDT | 0.0000% | 8h | 2,105.3 | −0.868% | $26.0M | $3.0M | 20x | as long as short |
| SunX ANTHROPIC-USDT | 0.0000% | 8h | 2,112.2 | −0.542% | — | $2.4M | 10x | as long as short |
| Phemex ANTHROPICUSDT | 0.0000% | 8h | 2,108.6 | −0.711% | $1.6M | $374K | 10x | as long as short |
HTX ANTHROPIC-USDT
Lighter ANTHROPIC
Bybit ANTHROPICUSDT
OKX ANTHROPIC-USDT-SWAP
Gate ANTHROPIC_USDT
Bitget ANTHROPICUSDT
SunX ANTHROPIC-USDT
Phemex ANTHROPICUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH ANTHROPIC | +0.0032% | 1h | 2,163.9 | +1.892% | $6.2M | $16.1M | 5x | as long as short |
| Extended ANTHROP-USD | +0.0048% | 1h | 2,107.1 | −0.780% | $19K | $22K | 10x | as long as short |
| Aster ANTHROPICUSDT | +0.0050% | 8h | 2,108 | −0.741% | $122K | $6K | 10x | as long as short |
| Binance ANTHROPICUSDT | +0.0050% | 8h | 2,107.7 | −0.752% | $32.0M | $8.1M | 20x | as long as short |
| MEXC ANTHROPIC_USDT | +0.0050% | 8h | 2,107.6 | −0.759% | $7.8M | $279K | 50x | as long as short |
| KuCoin ANTHROPICUSDTM | +0.0050% | 8h | 2,110.7 | −0.614% | $477K | $20K | 20x | as long as short |
| Variational Omni ANTHROPIC | +0.0050% | 8h | 2,107.2 | −0.779% | $2.4M | $681K | — | as long as short |
| GRVT ANTHROPIC_USDT_Perp | +0.0050% | 8h | 2,107.2 | −0.780% | $10K | $151K | 10x | as long as short |
| BloFin ANTHROPIC-USDT | +0.0051% | 8h | 2,107.7 | −0.752% | $270K | $257K | 20x | as long as short |
| Entropy io:ANTH | +0.0081% | 1h | 2,152.7 | +1.365% | $34.9M | $7.6M | 6x | as long as short |
| Aevo ANTHROPIC-PERP | +0.0104% | 1h | 2,107.6 | −0.756% | $10K | $63 | 10x | as long as short |
Lighter RH ANTHROPIC
Extended ANTHROP-USD
Aster ANTHROPICUSDT
Binance ANTHROPICUSDT
MEXC ANTHROPIC_USDT
KuCoin ANTHROPICUSDTM
Variational Omni ANTHROPIC
GRVT ANTHROPIC_USDT_Perp
BloFin ANTHROPIC-USDT
Entropy io:ANTH
Aevo ANTHROPIC-PERP