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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: Binance against Lighter−2.915%7-day average −3.329% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$780.782% of the position
Long on LighterShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days+0.103%+$10 on $10k
Price spread, last 2 days (all we have)−0.541%−$54 · spread now −2.915%, 7d avg −3.329%
Together, before fees−0.437%+ Points / potential airdropLighter: Season 3 · farm board−$44 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 Binance is 0.414% dearer against Lighter than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of −3.329%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ANTHROPIC2,166.60get 0.0000% / 1h49m 57s$1.9M$873K5x
ShortBinance ANTHROPICUSDT2,103.40.0050get 0.0050% / 8h5h 49m$31.9M$8.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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: −2.915% → −3.329%
$41.35
Slippage, 4 orders
−$68.17
Fee Lighter: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$26.31
Costs to cover
0.782%
Break-even
24.5 days
Slippage from Lighter: live order book, 7 min ago; Binance: live order book, 7 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, 7 min ago0.69 bp10.1 bp −$1065.1 bp −$651677.5 bp −$67.7Kdoesn't fit
Sell Binance live order book, 7 min ago1.33 bp15.4 bp −$1521.4 bp −$214doesn't fitdoesn't fit

ANTHROPIC on 20 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−0.0388%8h2,104.8−2.851%$42K$67K20xas long as short
Coinbase International ANTHROPIC-PERP-INTX−0.0144%1h2,123.7−1.980%$267K$25K5xas long as short
QFEX ANTHROPIC-USD−0.0004%1h2,103.6−2.909%$1.4M$1.3M10xas long as short
Lighter ANTHROPIClong0.0000%1h2,166.6long leg$1.9M$873K5x
Bybit ANTHROPICUSDT0.0000%8h2,150−0.765%$2.4M$362K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,166.3−0.014%$4.8M$954K10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,151.2−0.710%$2.4M$1.1M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,100.9−3.034%$25.7M$3.0M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,106.1−2.792%—$2.4M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,102.5−2.957%$1.5M$372K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,169.1+0.115%$6.2M$15.9M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,102.9−2.941%$19K$22K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,103.8−2.897%$122K$6K10xas long as short
Binance ANTHROPICUSDTshort+0.0050%8h2,103.4−2.915%$31.9M$8.1M20x
MEXC ANTHROPIC_USDT+0.0050%8h2,102.4−2.965%$7.8M$276K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,114.6−2.398%$478K$20K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,103.1−2.932%$2.4M$679K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,103.4−2.915%$10K$147K10xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,103.1−2.931%$10K—10xas long as short
Entropy io:ANTH+0.0138%1h2,161.3−0.245%$35.2M$7.5M6xas long as short