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Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.015%
Price spread now: KuCoin against QFEX+0.387%7-day average +0.320% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$620as in the Price arb table
costs, in and out, $10k−$6276.271% of the position
Long on QFEXShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.057%+$6 on $10k
Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.387%, 7d avg +0.320%
Together, before fees−0.069%−$7 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 KuCoin is 0.067% dearer against QFEX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.320%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX ANTHROPIC-USD2,102.6−0.0004get 0.0001% / 1h21m 35s$1.4M$1.3M10x
ShortKuCoin ANTHROPICUSDTM2,110.70.0050get 0.0050% / 8h5h 21m$477K$20K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against QFEX. 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
$11.39
Price spread: +0.387% → +0.320%
$6.7
Slippage, 4 orders
−$605.11
Fee QFEX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$609.03
Costs to cover
6.271%
Break-even
381.3 days
Slippage from QFEX: live order book, 5 min ago; KuCoin: live order book, 1 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 QFEX live order book, 5 min ago1.93 bp6.9 bp −$78.5 bp −$85doesn't fitdoesn't fit
Sell KuCoin live order book, 1 min ago12.85 bp148.3 bp −$148doesn'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−0.0410%8h2,101.9−0.032%$42K$67K20xas long as short
Coinbase International ANTHROPIC-PERP-INTX−0.0144%1h2,123.7+1.006%$267K$25K5xas long as short
QFEX ANTHROPIC-USDlong−0.0004%1h2,102.6long leg$1.4M$1.3M10x
Lighter ANTHROPIC0.0000%1h2,164.7+2.956%$1.9M$897K5xas long as short
Bybit ANTHROPICUSDT0.0000%8h2,147.6+2.145%$2.4M$357K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,163.9+2.918%$4.8M$897K10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,149.8+2.246%$2.4M$1.1M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,101.5−0.049%$25.7M$3.0M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,106.3+0.178%—$2.4M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,103.6+0.049%$1.6M$375K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,166+3.018%$6.3M$16.1M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,102−0.024%$19K$22K10xas long as short
BloFin ANTHROPIC-USDT+0.0048%8h2,102.6+0.001%$269K$255K20xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,102.6+0.003%$122K$6K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,102.6+0.001%$31.9M$8.2M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,102.5−0.004%$7.8M$278K50xas long as short
KuCoin ANTHROPICUSDTMshort+0.0050%8h2,110.7+0.387%$477K$20K20x
Variational Omni ANTHROPIC+0.0050%8h2,101.8−0.036%$2.4M$679K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,102.1−0.021%$10K$147K10xas long as short
Entropy io:ANTH+0.0089%1h2,157.1+2.594%$35.1M$7.5M6xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,102.4−0.007%$10K—10xas long as short