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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 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%
Price spread now: Lighter against KuCoin+2.559%7-day average +3.162% · you sell dearer than you buy
Net, funding: paid 7d − costs−$648as in the Funding arb table
Net, price: spread back to 7d avg − costs−$698as in the Price arb table
costs, in and out, $10k−$6386.375% of the position
Long on KuCoinShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days−0.103%−$10 on $10k
Price spread, last 4 days (all we have)+1.610%+$161 · spread now +2.559%, 7d avg +3.162%
Together, before fees+1.507%+ Points / potential airdropLighter: Season 3 · farm board+$151 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.603% cheaper against KuCoin than usual: you would sell low and buy high (−$60 if the spread goes back to its 7-day average of +3.162%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ANTHROPICUSDTM2,110.70.0050pay 0.0050% / 8h5h 21m$477K$20K20x
ShortLighter ANTHROPIC2,164.70get 0.0000% / 1h21m 37s$1.9M$897K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
−$10.5
Price spread: +2.559% → +3.162%
−$60.29
Slippage, 4 orders
−$625.55
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$708.34
Costs to cover
6.375%
Break-even
never at this rate
Slippage from KuCoin: live order book, 1 min ago; Lighter: 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 KuCoin live order book, 1 min ago12.85 bp462.6 bp −$463doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 5 min ago0.23 bp20.5 bp −$21105.2 bp −$1,052doesn'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−0.0410%8h2,101.9−0.417%$42K$67K20xas long as short
Coinbase International ANTHROPIC-PERP-INTX−0.0144%1h2,123.7+0.617%$267K$25K5xas long as short
QFEX ANTHROPIC-USD−0.0004%1h2,102.6−0.385%$1.4M$1.3M10xas long as short
Lighter ANTHROPICshort0.0000%1h2,164.7+2.559%$1.9M$897K5x
Bybit ANTHROPICUSDT0.0000%8h2,147.6+1.751%$2.4M$357K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,163.9+2.521%$4.8M$897K10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,149.8+1.852%$2.4M$1.1M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,101.5−0.434%$25.7M$3.0M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,106.3−0.208%—$2.4M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,103.6−0.336%$1.6M$375K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,166+2.621%$6.3M$16.1M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,102−0.409%$19K$22K10xas long as short
BloFin ANTHROPIC-USDT+0.0048%8h2,102.6−0.384%$269K$255K20xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,102.6−0.382%$122K$6K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,102.6−0.384%$31.9M$8.2M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,102.5−0.389%$7.8M$278K50xas long as short
KuCoin ANTHROPICUSDTMlong+0.0050%8h2,110.7long leg$477K$20K20x
Variational Omni ANTHROPIC+0.0050%8h2,101.8−0.421%$2.4M$679K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,102.1−0.406%$10K$147K10xas long as short
Entropy io:ANTH+0.0089%1h2,157.1+2.199%$35.1M$7.5M6xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,102.4−0.392%$10K—10xas long as short