Funding you earn now, next payment 16:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%
Price spread now: Phemex against KuCoin−0.328%7-day average −0.261% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 4 days (all we have)+0.115%+$12 · spread now −0.328%, 7d avg −0.261%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phemex is 0.066% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.261%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ANTHROPICUSDTM | 2,114.6 | 0.0050 | pay 0.0050% / 8h | 7h 33m | $499K | $74K | 20x |
| Short | Phemex ANTHROPICUSDT | 2,107.7 | 0 | get 0.0000% / 8h | 7h 33m | $1.6M | $381K | 10x |
KuCoin ANTHROPICUSDTM
Phemex ANTHROPICUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against KuCoin. 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
- −$10.5
- Price spread: −0.328% → −0.261%
- −$6.64
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$41.14
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 60 min ago; Phemex: live order book, 4 min ago. Net counts fees only.
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, 60 min ago | 11.32 bp | 536.4 bp −$536 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 3.44 bp | doesn't fit | doesn't fit | 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 | −0.0338% | 8h | 2,107.3 | −0.342% | $42K | $69K | 20x | as long as short |
| QFEX ANTHROPIC-USD | −0.0004% | 1h | 2,107.2 | −0.349% | $1.4M | $1.1M | 10x | as long as short |
| Lighter ANTHROPIC | 0.0000% | 1h | 2,169.2 | +2.583% | $1.8M | $873K | 5x | as long as short |
| Bybit ANTHROPICUSDT | 0.0000% | 8h | 2,154.5 | +1.888% | $2.3M | $423K | 25x | as long as short |
| OKX ANTHROPIC-USDT-SWAP | 0.0000% | 8h | 2,164.8 | +2.375% | $4.8M | $840K | 10x | as long as short |
| Gate ANTHROPIC_USDT | 0.0000% | 8h | 2,155 | +1.910% | $2.4M | $1.0M | 50x | as long as short |
| Bitget ANTHROPICUSDT | 0.0000% | 8h | 2,106.6 | −0.377% | $25.9M | $3.2M | 20x | as long as short |
| SunX ANTHROPIC-USDT | 0.0000% | 8h | 2,110.5 | −0.193% | — | $2.3M | 10x | as long as short |
| Phemex ANTHROPICUSDTshort | 0.0000% | 8h | 2,107.7 | −0.328% | $1.6M | $381K | 10x | |
| Lighter RH ANTHROPIC | +0.0032% | 1h | 2,164.6 | +2.365% | $6.4M | $16.4M | 5x | as long as short |
HTX ANTHROPIC-USDT
QFEX ANTHROPIC-USD
Lighter ANTHROPIC
Bybit ANTHROPICUSDT
OKX ANTHROPIC-USDT-SWAP
Gate ANTHROPIC_USDT
Bitget ANTHROPICUSDT
SunX ANTHROPIC-USDT
Lighter RH ANTHROPICShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ANTHROP-USD | +0.0048% | 1h | 2,107.9 | −0.314% | $19K | $3K | 10x | as long as short |
| Aster ANTHROPICUSDT | +0.0050% | 8h | 2,108.8 | −0.272% | $122K | $6K | 10x | as long as short |
| Binance ANTHROPICUSDT | +0.0050% | 8h | 2,108.5 | −0.288% | $32.1M | $8.3M | 20x | as long as short |
| MEXC ANTHROPIC_USDT | +0.0050% | 8h | 2,108.4 | −0.292% | $7.8M | $271K | 50x | as long as short |
| KuCoin ANTHROPICUSDTMlong | +0.0050% | 8h | 2,114.6 | long leg | $499K | $74K | 20x | |
| Variational Omni ANTHROPIC | +0.0050% | 8h | 2,107.3 | −0.345% | $2.3M | $649K | — | as long as short |
| GRVT ANTHROPIC_USDT_Perp | +0.0050% | 8h | 2,106.5 | −0.384% | $10K | $171K | 10x | as long as short |
| BloFin ANTHROPIC-USDT | +0.0066% | 8h | 2,107 | −0.361% | $271K | $260K | 20x | as long as short |
| Entropy io:ANTH | +0.0100% | 1h | 2,153.2 | +1.826% | $35.1M | $7.5M | 6x | as long as short |
| Aevo ANTHROPIC-PERP | +0.0104% | 1h | 2,107.1 | −0.351% | $10K | $63 | 10x | as long as short |
| Coinbase International ANTHROPIC-PERP-INTX | +0.0104% | 1h | 2,117.9 | +0.159% | $267K | $28K | 5x | as long as short |
Extended ANTHROP-USD
Aster ANTHROPICUSDT
Binance ANTHROPICUSDT
MEXC ANTHROPIC_USDT
Variational Omni ANTHROPIC
GRVT ANTHROPIC_USDT_Perp
BloFin ANTHROPIC-USDT
Entropy io:ANTH
Aevo ANTHROPIC-PERP
Coinbase International ANTHROPIC-PERP-INTX