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Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 09:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.038%
Price spread now: QFEX against Entropy−2.138%7-day average −3.336% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on EntropyShort on QFEX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.158%−$16 on $10k
Price spread, last 7 days−1.351%−$135 · spread now −2.138%, 7d avg −3.336%
Together, before fees−1.509%−$151 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 1.198% dearer against Entropy than usual: you sell high and buy low (spread −2.138% now, against its 7-day average of −3.336%): +$120 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 38 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongEntropy io:ANTH2,153.20.0100pay 0.0013% / 1h34m 52s$35.1M$7.5M6x
ShortQFEX ANTHROPIC-USD2,107.2−0.0004pay 0.0000% / 1h34m 52s$1.4M$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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

Funding earned
−$21.82
Price spread: −2.138% → −3.336%
$119.83
Slippage, 4 orders
no order book: not counted
Fee Entropy: 9 bp × 2 orders
−$18
Fee QFEX: 5 bp × 2 orders
−$10
Net
$70.01
Costs to cover
0.280%
Break-even
from the start
Slippage unknown: Entropy: live order book, 1 min ago; QFEX: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Entropy live order book, 1 min ago0.23 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell QFEX live order book, 2 min ago3.13 bp8.7 bp −$916.6 bp −$166doesn'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−0.0352%8h2,108.4−2.082%$42K$69K20xas long as short
QFEX ANTHROPIC-USDshort−0.0004%1h2,107.2−2.138%$1.4M$1.1M10x
Lighter ANTHROPIC0.0000%1h2,169.3+0.748%$1.8M$873K5xas long as short
Bybit ANTHROPICUSDT0.0000%8h2,154.8+0.073%$2.3M$423K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,164.8+0.539%$4.8M$840K10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,154.6+0.066%$2.4M$1.0M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,105.8−2.202%$25.9M$3.2M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,111.7−1.927%—$2.3M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,107.1−2.139%$1.6M$381K10xas long as short
Lighter RH ANTHROPIC+0.0032%1h2,164.6+0.529%$6.4M$16.4M5xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended ANTHROP-USD+0.0048%1h2,106.6−2.163%$19K$3K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,107.5−2.123%$122K$6K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,107.2−2.137%$32.1M$8.2M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,107.8−2.109%$7.8M$271K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,114.4−1.802%$499K$73K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,107.3−2.133%$2.3M$649K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,106.5−2.171%$10K$171K10xas long as short
BloFin ANTHROPIC-USDT+0.0066%8h2,107−2.148%$271K$260K20xas long as short
Entropy io:ANTHlong+0.0100%1h2,153.2long leg$35.1M$7.5M6x
Aevo ANTHROPIC-PERP+0.0104%1h2,106.9−2.152%$10K$6310xas long as short
Coinbase International ANTHROPIC-PERP-INTX+0.0104%1h2,117.9−1.638%$267K$28K5xas long as short