ANTHROPIC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.11 per $10,000 · paid last 24h +0.020%

Price spread now: Coinbase International against Entropy−1.264%7-day average −2.471% · you buy dearer than you sell

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs+$18as in the Price arb table

costs, in and out, $10k−$1031.029% of the position

Long on Entropy Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.342%−$34 on $10k

Price spread, last 4 days (all we have)−1.212%−$121 · spread now −1.264%, 7d avg −2.471%

Together, before fees−1.555%−$155 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 1.207% dearer against Entropy than usual: you sell high and buy low (spread −1.264% now, against its 7-day average of −2.471%): +$121 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 47 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:ANTH	2,150.9	0.0094	pay 0.0012% / 1h	3m 02s	$34.8M	$7.6M	6x
Short	Coinbase International ANTHROPIC-PERP-INTX	2,123.7	0.0008	get 0.0001% / 1h	3m 02s	$267K	$25K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Entropy. 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 EntropybpFee Coinbase InternationalbpOrdersPrice spread, now −1.264%Rate

Funding earned: −$17.96
Price spread: −1.264% → −2.471%: $120.67
Slippage, 4 orders: −$74.87
Fee Entropy: 9 bp × 2 orders: −$18
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$0.16
Costs to cover: 1.029%
Break-even: from the start

Slippage from Entropy: live order book, 3 min ago; Coinbase International: 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 Entropy live order book, 3 min ago	0.47 bp	16.0 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 50 min ago	30.78 bp	36.3 bp −$36	60.7 bp −$607	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	−0.0467%	8h	2,105.3	−2.120%	$42K	$68K	20x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,167.3	+0.762%	$1.8M	$957K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150.8	−0.007%	$2.4M	$350K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.2	+0.618%	$4.8M	$876K	10x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,104.1	−2.174%	$1.4M	$1.2M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,152.2	+0.059%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,103.6	−2.199%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,109.4	−1.929%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,105.2	−2.124%	$1.6M	$375K	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTXshort	+0.0008%	1h	2,123.7	−1.264%	$267K	$25K	5x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,163.1	+0.567%	$6.3M	$16.2M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,103.3	−2.214%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,103.7	−2.194%	$121K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,103.8	−2.189%	$32.0M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,103.7	−2.194%	$7.8M	$278K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,111	−1.856%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,104.6	−2.151%	$2.4M	$675K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,104	−2.178%	$10K	$155K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0067%	8h	2,104	−2.180%	$225K	$256K	20x	as long as short
Entropy io:ANTHlong	+0.0094%	1h	2,150.9	long leg	$34.8M	$7.6M	6x
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,103.9	−2.186%	$10K	$63	10x	as long as short