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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−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%
Price spread now: Bybit against Binance+2.275%7-day average +2.310% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$960.964% of the position
Long on BinanceShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.105%−$11 on $10k
Price spread, last 2 days (all we have)+0.216%+$22 · spread now +2.275%, 7d avg +2.310%
Together, before fees+0.111%+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.035% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +2.310%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ANTHROPICUSDT2,110.10.0050pay 0.0050% / 8h7h 24m$32.0M$8.3M20x
ShortBybit ANTHROPICUSDT2,158.10get 0.0000% / 8h7h 24m$2.4M$380K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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: +2.275% → +2.310%
−$3.5
Slippage, 4 orders
−$75.37
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$110.37
Costs to cover
0.964%
Break-even
never at this rate
Slippage from Binance: live order book, 2 min ago; Bybit: live order book, 2 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 Binance live order book, 2 min ago0.05 bp10.9 bp −$1119.5 bp −$195118.5 bp −$11.8Kdoesn't fit
Sell Bybit live order book, 2 min ago17.61 bp32.5 bp −$33168.5 bp −$1,685doesn'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−0.0239%8h2,110.7+0.031%$42K$67K20xas long as short
Coinbase International ANTHROPIC-PERP-INTX−0.0080%1h2,123.7+0.647%$267K$26K5xas long as short
QFEX ANTHROPIC-USD0.0000%1h2,109.8−0.014%$1.4M$1.5M10xas long as short
Lighter ANTHROPIC0.0000%1h2,171+2.888%$1.9M$894K5xas long as short
Bybit ANTHROPICUSDTshort0.0000%8h2,158.1+2.275%$2.4M$380K25x
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,173.2+2.992%$4.8M$1.1M10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,156.6+2.206%$2.4M$1.2M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,107.9−0.102%$25.9M$3.1M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,113.5+0.163%—$2.6M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,111.1+0.047%$1.6M$381K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ANTHROPIC-USDT+0.0022%8h2,110.10.000%$268K$258K20xas long as short
Lighter RH ANTHROPIC+0.0032%1h2,174.4+3.049%$6.3M$16.8M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,109.6−0.023%$19K$38K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,110.2+0.005%$122K$7K10xas long as short
Binance ANTHROPICUSDTlong+0.0050%8h2,110.1long leg$32.0M$8.3M20x
MEXC ANTHROPIC_USDT+0.0050%8h2,110−0.002%$7.8M$277K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,120+0.469%$478K$20K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,109.7−0.016%$2.4M$664K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,111+0.045%$10K$154K10xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,109.7−0.018%$10K—10xas long as short
Entropy io:ANTH+0.0119%1h2,165.6+2.632%$35.2M$7.6M6xas long as short