ANTHROPIC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%

Price spread now: Bitget against KuCoin−0.222%7-day average −0.476% · you buy dearer than you sell

Net, funding: paid 7d − costs−$627as in the Funding arb table

Net, price: spread back to 7d avg − costs−$591as in the Price arb table

costs, in and out, $10k−$6176.166% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 4 days (all we have)−0.357%−$36 · spread now −0.222%, 7d avg −0.476%

Together, before fees−0.462%−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.253% dearer against KuCoin than usual: you sell high and buy low (spread −0.222% now, against its 7-day average of −0.476%): +$25 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ANTHROPICUSDTM	2,110.7	0.0050	pay 0.0050% / 8h	2h 07m	$498K	$25K	20x
Short	Bitget ANTHROPICUSDT	2,106	0	get 0.0000% / 8h	2h 07m	$25.9M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.222%Rate

Funding earned: −$10.5
Price spread: −0.222% → −0.476%: $25.33
Slippage, 4 orders: −$592.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$601.72
Costs to cover: 6.166%
Break-even: never at this rate

Slippage from KuCoin: live order book, 51 min ago; Bitget: live order book, 1 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 KuCoin live order book, 51 min ago	13.79 bp	452.8 bp −$453	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.76 bp	12.3 bp −$12	31.0 bp −$310	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	−0.0457%	8h	2,107.6	−0.149%	$42K	$68K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0064%	1h	2,118.4	+0.365%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0006%	1h	2,107	−0.176%	$1.4M	$1.2M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.8	+2.656%	$1.9M	$946K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,153.1	+2.008%	$2.3M	$425K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166.2	+2.628%	$4.8M	$857K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,153.2	+2.014%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDTshort	0.0000%	8h	2,106	−0.222%	$25.9M	$3.3M	20x
SunX ANTHROPIC-USDT	0.0000%	8h	2,112.3	+0.074%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,108.1	−0.125%	$1.6M	$382K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,162.5	+2.453%	$6.3M	$16.4M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,107.1	−0.171%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.8	−0.140%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.8	−0.138%	$32.1M	$8.4M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.9	−0.135%	$7.8M	$278K	50x	as long as short
KuCoin ANTHROPICUSDTMlong	+0.0050%	8h	2,110.7	long leg	$498K	$25K	20x
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.7	−0.192%	$2.4M	$707K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106.7	−0.190%	$10K	$160K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0062%	8h	2,107.6	−0.149%	$268K	$258K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.2	−0.168%	$10K	$63	10x	as long as short
Entropy io:ANTH	+0.0121%	1h	2,152	+1.955%	$34.9M	$7.5M	6x	as long as short