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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+0.0055%/8h= +6.0% APRpaid last 24h +0.041%
Price spread now: Entropy against Gate−0.150%7-day average +1.230% · you buy dearer than you sell
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$355as in the Price arb table
costs, in and out, $10k−$2172.170% of the position
Long on GateShort on Entropy
What this pair did over the last
the charts below follow
Funding, last 7 days+0.364%+$36 on $10k
Price spread, last 7 days+1.754%+$175 · spread now −0.150%, 7d avg +1.230%
Together, before fees+2.118%+$212 on $10k · with fees, hour by hour
Funding pays, the price is against you. Entropy is 1.380% cheaper against Gate than usual: you would sell low and buy high (spread −0.150% now, against its 7-day average of +1.230%). If the spread goes back, that is −$138 on $10k: about 3 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.364% in total) that is about 27 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ANTHROPIC_USDT2,1530get 0.0000% / 8h3h 42m$2.4M$1.1M50x
ShortEntropy io:ANTH2,149.80.0055get 0.0007% / 1h42m 06s$34.8M$7.6M6x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Entropy against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$11.59
Price spread: −0.150% → +1.230%
−$137.95
Slippage, 4 orders
−$184
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Entropy: 9 bp × 2 orders
−$18
Net
−$343.37
Costs to cover
2.170%
Break-even
214.5 days
Slippage from Gate: live order book, 1 min ago; Entropy: live order book, 5 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 Gate live order book, 1 min ago7.31 bp144.5 bp −$144doesn't fitdoesn't fitdoesn't fit
Sell Entropy live order book, 5 min ago0.23 bp10.5 bp −$11doesn't fitdoesn'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−0.0448%8h2,106−2.184%$42K$67K20xas long as short
Lighter ANTHROPIC0.0000%1h2,166.4+0.621%$1.8M$946K5xas long as short
Bybit ANTHROPICUSDT0.0000%8h2,151.7−0.064%$2.4M$352K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,164.7+0.542%$4.8M$875K10xas long as short
QFEX ANTHROPIC-USD0.0000%1h2,105.7−2.201%$1.4M$1.2M10xas long as short
Gate ANTHROPIC_USDTlong0.0000%8h2,153long leg$2.4M$1.1M50x
Bitget ANTHROPICUSDT0.0000%8h2,104.2−2.270%$25.9M$3.1M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,110−1.999%—$2.4M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,105.5−2.206%$1.6M$376K10xas long as short
Coinbase International ANTHROPIC-PERP-INTX+0.0008%1h2,123.7−1.362%$267K$25K5xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,161.1+0.375%$6.2M$15.8M5xas long as short
BloFin ANTHROPIC-USDT+0.0047%8h2,105.7−2.200%$269K$257K20xas long as short
Extended ANTHROP-USD+0.0048%1h2,105−2.229%$19K$22K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,105.7−2.199%$121K$6K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,105.6−2.202%$32.0M$8.1M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,105.3−2.215%$7.8M$276K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,110.7−1.967%$477K$20K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,104.7−2.243%$2.4M$689K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,105.9−2.190%$10K$154K10xas long as short
Entropy io:ANTHshort+0.0055%1h2,149.8−0.150%$34.8M$7.6M6x
Aevo ANTHROPIC-PERP+0.0104%1h2,105.3−2.218%$10K$6310xas long as short