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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 10:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h +0.022%
Price spread now: Entropy against Binance+2.219%7-day average +3.305% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$590.590% of the position
Long on BinanceShort on Entropy
What this pair did over the last
the charts below follow
Funding, last 7 days+0.256%+$26 on $10k
Price spread, last 7 days+1.293%+$129 · spread now +2.219%, 7d avg +3.305%
Together, before fees+1.549%+$155 on $10k · with fees, hour by hour
Funding pays, the price is against you. Entropy is 1.087% cheaper against Binance than usual: you would sell low and buy high (spread +2.219% now, against its 7-day average of +3.305%). If the spread goes back, that is −$109 on $10k: about 51 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ANTHROPICUSDT2,108.60.0050pay 0.0050% / 8h6h 16m$32.1M$7.4M20x
ShortEntropy io:ANTH2,155.40.0121get 0.0015% / 1h16m 10s$35.1M$7.2M6x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Entropy against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$14.97
Price spread: +2.219% → +3.305%
−$108.66
Slippage, 4 orders
−$31.02
Fee Binance: 5 bp × 2 orders
−$10
Fee Entropy: 9 bp × 2 orders
−$18
Net
−$152.71
Costs to cover
0.590%
Break-even
78.4 days
Slippage from Binance: live order book, 3 min ago; Entropy: live order book, 4 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, 3 min ago1.85 bp13.6 bp −$1427.5 bp −$275doesn't fitdoesn't fit
Sell Entropy live order book, 4 min ago0.23 bp15.4 bp −$15doesn't fitdoesn't fitdoesn't fit

ANTHROPIC on 21 exchanges

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−0.0406%8h2,108.8+0.007%$42K$68K20xas long as short
QFEX ANTHROPIC-USD−0.0004%1h2,108.2−0.018%$1.4M$1.0M10xas long as short
Lighter ANTHROPIC0.0000%1h2,170.9+2.954%$1.9M$835K5xas long as short
Bybit ANTHROPICUSDT0.0000%8h2,152+2.057%$2.3M$386K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,166.6+2.750%$4.8M$783K10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,155.7+2.232%$2.4M$996K50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,107.4−0.058%$25.9M$3.1M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,112.9+0.203%—$1.8M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,109.5+0.043%$1.6M$362K10xas long as short
Coinbase International ANTHROPIC-PERP-INTX+0.0008%1h2,117.9+0.442%$267K$26K5xas long as short
Show all 21 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,164.9+2.669%$6.3M$16.6M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,107.6−0.048%$10K$11K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,108.8+0.010%$122K$6K10xas long as short
Binance ANTHROPICUSDTlong+0.0050%8h2,108.6long leg$32.1M$7.4M20x
MEXC ANTHROPIC_USDT+0.0050%8h2,108.6−0.002%$7.8M$257K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,115.6+0.330%$499K$163K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,107.3−0.062%$2.3M$629K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,108.3−0.012%$10K$181K10xas long as short
BloFin ANTHROPIC-USDT+0.0052%8h2,107.3−0.063%$273K$251K20xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,107.8−0.038%$10K$6310xas long as short
Entropy io:ANTHshort+0.0121%1h2,155.4+2.219%$35.1M$7.2M6x