Funding you earn now, next payment 08:00 UTC−0.0125%/8h= −13.6% APRnext payment −$0.16 per $10,000 · paid last 24h −0.038%
Price spread now: Lighter against Entropy+0.742%7-day average +0.622% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$630.632% of the position
Funding, last 7 days−0.361%−$36 on $10k
+Price spread, last 7 days+0.226%+$23 · spread now +0.742%, 7d avg +0.622%
=Together, before fees−0.134%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.120% dearer against Entropy than usual: you sell high and buy low (spread +0.742% now, against its 7-day average of +0.622%): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:ANTH | 2,156.8 | 0.0133 | pay 0.0017% / 1h | 32m 37s | $35.0M | $7.5M | 6x |
| Short | Lighter ANTHROPIC | 2,172.8 | 0.0008 | get 0.0001% / 1h | 32m 37s | $1.9M | $877K | 5x |
Entropy io:ANTH
Lighter ANTHROPICFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Entropy. 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
- −$26.16
- Price spread: +0.742% → +0.622%
- $12
- Slippage, 4 orders
- −$45.25
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$77.41
- Costs to cover
- 0.632%
- Break-even
- never at this rate
Slippage from Entropy: live order book, 4 min ago; Lighter: live order book, 4 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, 4 min ago | 0.23 bp | 15.1 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.69 bp | 23.8 bp −$24 | 111.5 bp −$1,115 | 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 | −0.0427% | 8h | 2,109.3 | −2.202% | $42K | $69K | 20x | as long as short |
| QFEX ANTHROPIC-USD | −0.0002% | 1h | 2,107.8 | −2.270% | $1.4M | $1.1M | 10x | as long as short |
| Bybit ANTHROPICUSDT | 0.0000% | 8h | 2,154.3 | −0.117% | $2.3M | $422K | 25x | as long as short |
| OKX ANTHROPIC-USDT-SWAP | 0.0000% | 8h | 2,165.4 | +0.399% | $4.8M | $852K | 10x | as long as short |
| Gate ANTHROPIC_USDT | 0.0000% | 8h | 2,154.3 | −0.115% | $2.4M | $1.0M | 50x | as long as short |
| Bitget ANTHROPICUSDT | 0.0000% | 8h | 2,105.2 | −2.392% | $25.9M | $3.2M | 20x | as long as short |
| SunX ANTHROPIC-USDT | 0.0000% | 8h | 2,112.4 | −2.059% | — | $2.4M | 10x | as long as short |
| Phemex ANTHROPICUSDT | 0.0000% | 8h | 2,108.4 | −2.245% | $1.6M | $383K | 10x | as long as short |
| Lighter ANTHROPICshort | +0.0008% | 1h | 2,172.8 | +0.742% | $1.9M | $877K | 5x | |
| BloFin ANTHROPIC-USDT | +0.0030% | 8h | 2,108.2 | −2.254% | $270K | $258K | 20x | as long as short |
HTX ANTHROPIC-USDT
QFEX ANTHROPIC-USD
Bybit ANTHROPICUSDT
OKX ANTHROPIC-USDT-SWAP
Gate ANTHROPIC_USDT
Bitget ANTHROPICUSDT
SunX ANTHROPIC-USDT
Phemex ANTHROPICUSDT
BloFin ANTHROPIC-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH ANTHROPIC | +0.0032% | 1h | 2,170.1 | +0.617% | $6.5M | $16.4M | 5x | as long as short |
| Extended ANTHROP-USD | +0.0048% | 1h | 2,107.4 | −2.289% | $19K | $5K | 10x | as long as short |
| Aster ANTHROPICUSDT | +0.0050% | 8h | 2,108 | −2.262% | $122K | $6K | 10x | as long as short |
| Binance ANTHROPICUSDT | +0.0050% | 8h | 2,108 | −2.263% | $32.1M | $8.3M | 20x | as long as short |
| MEXC ANTHROPIC_USDT | +0.0050% | 8h | 2,108.3 | −2.251% | $7.8M | $270K | 50x | as long as short |
| KuCoin ANTHROPICUSDTM | +0.0050% | 8h | 2,113.5 | −2.009% | $499K | $25K | 20x | as long as short |
| Variational Omni ANTHROPIC | +0.0050% | 8h | 2,107.9 | −2.268% | $2.3M | $655K | — | as long as short |
| GRVT ANTHROPIC_USDT_Perp | +0.0050% | 8h | 2,108 | −2.261% | $10K | $167K | 10x | as long as short |
| Aevo ANTHROPIC-PERP | +0.0104% | 1h | 2,107.9 | −2.266% | $10K | $63 | 10x | as long as short |
| Coinbase International ANTHROPIC-PERP-INTX | +0.0128% | 1h | 2,120.7 | −1.674% | $267K | $25K | 5x | as long as short |
| Entropy io:ANTHlong | +0.0133% | 1h | 2,156.8 | long leg | $35.0M | $7.5M | 6x |
Lighter RH ANTHROPIC
Extended ANTHROP-USD
Aster ANTHROPICUSDT
Binance ANTHROPICUSDT
MEXC ANTHROPIC_USDT
KuCoin ANTHROPICUSDTM
Variational Omni ANTHROPIC
GRVT ANTHROPIC_USDT_Perp
Aevo ANTHROPIC-PERP
Coinbase International ANTHROPIC-PERP-INTX