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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: Aster against Lighter−2.980%7-day average −3.368% · you buy dearer than you sell
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$2022.021% of the position
Long on LighterShort on Aster
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)−1.344%−$134 · spread now −2.980%, 7d avg −3.368%
Together, before fees−1.241%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$124 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.388% dearer against Lighter than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of −3.368%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ANTHROPIC2,166.40get 0.0000% / 1h46m 52s$1.9M$873K5x
ShortAster ANTHROPICUSDT2,101.90.0050get 0.0050% / 8h5h 46m$121K$6K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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: −2.980% → −3.368%
$38.81
Slippage, 4 orders
−$194.1
Fee Lighter: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
−$152.78
Costs to cover
2.021%
Break-even
108.9 days
Slippage from Lighter: live order book, 10 min ago; Aster: live order book, 14 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 Lighter live order book, 10 min ago0.69 bp10.1 bp −$1065.1 bp −$651677.5 bp −$67.7Kdoesn't fit
Sell Aster live order book, 14 min ago65.16 bp76.3 bp −$76doesn'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−0.0391%8h2,102.8−2.935%$41K$67K20xas long as short
Coinbase International ANTHROPIC-PERP-INTX−0.0144%1h2,123.7−1.971%$267K$25K5xas long as short
QFEX ANTHROPIC-USD−0.0004%1h2,101.7−2.986%$1.4M$1.3M10xas long as short
Lighter ANTHROPIClong0.0000%1h2,166.4long leg$1.9M$873K5x
Bybit ANTHROPICUSDT0.0000%8h2,150−0.756%$2.4M$362K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,165.2−0.055%$4.8M$954K10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,150.5−0.736%$2.4M$1.1M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,100.5−3.040%$25.7M$3.0M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,105.3−2.820%—$2.4M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,102.2−2.964%$1.5M$373K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ANTHROPIC-USDT+0.0020%8h2,101.6−2.993%—$255K20xas long as short
Lighter RH ANTHROPIC+0.0032%1h2,169.1+0.125%$6.3M$15.9M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,101.2−3.008%$19K$22K10xas long as short
Aster ANTHROPICUSDTshort+0.0050%8h2,101.9−2.980%$121K$6K10x
Binance ANTHROPICUSDT+0.0050%8h2,101.7−2.985%$31.9M$8.1M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,101.5−2.996%$7.8M$276K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,114.6−2.389%$478K$20K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,103.1−2.923%$2.4M$679K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,103.5−2.903%$10K$147K10xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,101.5−2.998%$10K—10xas long as short
Entropy io:ANTH+0.0116%1h2,160.7−0.263%$35.2M$7.5M6xas long as short