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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 08:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.039%
Price spread now: Entropy against Phemex+2.292%7-day average +2.721% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on PhemexShort on Entropy
What this pair did over the last
the charts below follow
Funding, last 7 days+0.363%+$36 on $10k
Price spread, last 4 days (all we have)+1.204%+$120 · spread now +2.292%, 7d avg +2.721%
Together, before fees+1.567%+$157 on $10k · with fees, hour by hour
Funding pays, the price is against you. Entropy is 0.429% cheaper against Phemex than usual: you would sell low and buy high (spread +2.292% now, against its 7-day average of +2.721%). If the spread goes back, that is −$43 on $10k: about 15 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ANTHROPICUSDT2,105.80get 0.0000% / 8h2m 57s$1.6M$381K10x
ShortEntropy io:ANTH2,154.10.0097get 0.0012% / 1h2m 57s$35.0M$7.5M6x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Entropy against Phemex. 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
$20.41
Price spread: +2.292% → +2.721%
−$42.89
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Entropy: 9 bp × 2 orders
−$18
Net
−$52.48
Costs to cover
0.300%
Break-even
25.0 days
Slippage unknown: Phemex: live order book, 5 min ago; Entropy: 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
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 5 min ago4.01 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Entropy live order book, 4 min ago1.86 bp13.5 bp −$14doesn'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−0.0433%8h2,106+0.008%$42K$69K20xas long as short
QFEX ANTHROPIC-USD−0.0002%1h2,105.6−0.012%$1.4M$1.1M10xas long as short
Lighter ANTHROPIC0.0000%1h2,169.7+3.033%$1.9M$883K5xas long as short
Bybit ANTHROPICUSDT0.0000%8h2,155.9+2.375%$2.3M$422K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,165.1+2.814%$4.8M$849K10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,153.4+2.259%$2.4M$1.1M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,105.4−0.020%$25.9M$3.2M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,109.9+0.193%—$2.4M10xas long as short
Phemex ANTHROPICUSDTlong0.0000%8h2,105.8long leg$1.6M$381K10x
BloFin ANTHROPIC-USDT+0.0025%8h2,105.1−0.037%$271K$258K20xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,165.6+2.838%$6.4M$16.8M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,105.1−0.035%$19K$5K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,106.4+0.025%$122K$6K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,105.6−0.011%$32.1M$8.2M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,105.6−0.009%$7.8M$272K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,113.2+0.351%$499K$39K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,104.6−0.059%$2.3M$651K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,107.1+0.062%$10K$170K10xas long as short
Entropy io:ANTHshort+0.0097%1h2,154.1+2.292%$35.0M$7.5M6x
Aevo ANTHROPIC-PERP+0.0104%1h2,105.2−0.029%$10K$6310xas long as short
Coinbase International ANTHROPIC-PERP-INTX+0.0128%1h2,117.9+0.575%$267K$28K5xas long as short