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: Binance against Phemex+0.005%52s7-day average −0.049% · you sell dearer than you buy
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)−0.560%−$56 · spread now +0.005%, 7d avg −0.049%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.054% dearer against Phemex than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.049%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ANTHROPICUSDT | 2,107.1 | 0 | get 0.0000% / 8h | 7h 34m | $1.6M | $381K | 10x |
| Short | Binance ANTHROPICUSDT | 2,107.3 | 0.0050 | get 0.0050% / 8h | 7h 34m | $32.1M | $8.2M | 20x |
Phemex ANTHROPICUSDT
Binance ANTHROPICUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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: +0.005% → −0.049%
- $5.41
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$6.09
- Costs to cover
- 0.220%
- Break-even
- 11.1 days
Slippage unknown: Phemex: live order book, 4 min ago; Binance: live order book, 7 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 Phemex live order book, 4 min ago | 3.44 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.40 bp | 13.1 bp −$13 | 35.9 bp −$359 | 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 | −0.0352% | 8h | 2,108.4 | +0.058% | $42K | $69K | 20x | as long as short |
| QFEX ANTHROPIC-USD | −0.0004% | 1h | 2,107.2 | +0.003% | $1.4M | $1.1M | 10x | as long as short |
| Lighter ANTHROPIC | 0.0000% | 1h | 2,169.3 | +2.950% | $1.8M | $873K | 5x | as long as short |
| Bybit ANTHROPICUSDT | 0.0000% | 8h | 2,154.4 | +2.245% | $2.3M | $423K | 25x | as long as short |
| OKX ANTHROPIC-USDT-SWAP | 0.0000% | 8h | 2,164.8 | +2.736% | $4.8M | $840K | 10x | as long as short |
| Gate ANTHROPIC_USDT | 0.0000% | 8h | 2,154.4 | +2.242% | $2.4M | $1.0M | 50x | as long as short |
| Bitget ANTHROPICUSDT | 0.0000% | 8h | 2,105.8 | −0.062% | $25.9M | $3.2M | 20x | as long as short |
| SunX ANTHROPIC-USDT | 0.0000% | 8h | 2,110.5 | +0.159% | — | $2.3M | 10x | as long as short |
| Phemex ANTHROPICUSDTlong | 0.0000% | 8h | 2,107.1 | long leg | $1.6M | $381K | 10x | |
| Lighter RH ANTHROPIC | +0.0032% | 1h | 2,164.6 | +2.727% | $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 | 2,106.6 | −0.023% | $19K | $3K | 10x | as long as short |
| Aster ANTHROPICUSDT | +0.0050% | 8h | 2,107.5 | +0.019% | $122K | $6K | 10x | as long as short |
| Binance ANTHROPICUSDTshort | +0.0050% | 8h | 2,107.3 | +0.005% | $32.1M | $8.2M | 20x | |
| MEXC ANTHROPIC_USDT | +0.0050% | 8h | 2,108.3 | +0.054% | $7.8M | $271K | 50x | as long as short |
| KuCoin ANTHROPICUSDTM | +0.0050% | 8h | 2,114.8 | +0.365% | $499K | $74K | 20x | as long as short |
| Variational Omni ANTHROPIC | +0.0050% | 8h | 2,107.3 | +0.007% | $2.3M | $649K | — | as long as short |
| GRVT ANTHROPIC_USDT_Perp | +0.0050% | 8h | 2,106.5 | −0.032% | $10K | $171K | 10x | as long as short |
| BloFin ANTHROPIC-USDT | +0.0066% | 8h | 2,107 | −0.009% | $271K | $260K | 20x | as long as short |
| Entropy io:ANTH | +0.0100% | 1h | 2,153.2 | +2.186% | $35.1M | $7.5M | 6x | as long as short |
| Aevo ANTHROPIC-PERP | +0.0104% | 1h | 2,107.1 | 0.000% | $10K | $63 | 10x | as long as short |
| Coinbase International ANTHROPIC-PERP-INTX | +0.0104% | 1h | 2,117.9 | +0.513% | $267K | $28K | 5x | as long as short |
Extended ANTHROP-USD
Aster ANTHROPICUSDT
MEXC ANTHROPIC_USDT
KuCoin ANTHROPICUSDTM
Variational Omni ANTHROPIC
GRVT ANTHROPIC_USDT_Perp
BloFin ANTHROPIC-USDT
Entropy io:ANTH
Aevo ANTHROPIC-PERP
Coinbase International ANTHROPIC-PERP-INTX