Funding you earn now, next payment 03:00 UTC+0.0330%/8h= +36.1% APRpaid last 24h −0.047%
Price spread now: MEXC against Coinbase International−0.765%7-day average −0.318% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$740.736% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 4 days (all we have)−0.724%−$72 · spread now −0.765%, 7d avg −0.318%
=Funding pays, the price is against you. MEXC is 0.447% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.765% now, against its 7-day average of −0.318%). If the spread goes back, that is −$45 on $10k: about 4.5 days of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.079% in total) that is about 40 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.079% in total (about 4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ANTHROPIC-PERP-INTX | 2,123.7 | −0.0280 | get 0.0035% / 1h | 7m 16s | $267K | $25K | 5x |
| Short | MEXC ANTHROPIC_USDT | 2,107.5 | 0.0050 | get 0.0050% / 8h | 4h 07m | $7.8M | $279K | 50x |
Coinbase International ANTHROPIC-PERP-INTX
MEXC ANTHROPIC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Coinbase International. 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
- $69.3
- Price spread: −0.765% → −0.318%
- −$44.68
- Slippage, 4 orders
- −$63.59
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$48.97
- Costs to cover
- 0.736%
- Break-even
- 11.9 days
Slippage from Coinbase International: live order book, 51 min ago; MEXC: live order book, 1 min ago.
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 Coinbase International live order book, 51 min ago | 30.33 bp | 35.6 bp −$36 | 59.6 bp −$596 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.02 bp | 1.2 bp −$1 | 3.2 bp −$32 | 306.7 bp −$30.7K | 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 | −0.0430% | 8h | 2,107.8 | −0.750% | $42K | $67K | 20x | as long as short |
| Coinbase International ANTHROPIC-PERP-INTXlong | −0.0280% | 1h | 2,123.7 | long leg | $267K | $25K | 5x | |
| QFEX ANTHROPIC-USD | −0.0002% | 1h | 2,107.2 | −0.779% | $1.4M | $1.2M | 10x | as long as short |
| Lighter ANTHROPIC | 0.0000% | 1h | 2,166.1 | +1.996% | $1.9M | $952K | 5x | as long as short |
| Bybit ANTHROPICUSDT | 0.0000% | 8h | 2,150.6 | +1.265% | $2.4M | $351K | 25x | as long as short |
| OKX ANTHROPIC-USDT-SWAP | 0.0000% | 8h | 2,165.1 | +1.949% | $4.8M | $865K | 10x | as long as short |
| Gate ANTHROPIC_USDT | 0.0000% | 8h | 2,154.9 | +1.469% | $2.4M | $1.1M | 50x | as long as short |
| Bitget ANTHROPICUSDT | 0.0000% | 8h | 2,105.2 | −0.871% | $26.0M | $3.0M | 20x | as long as short |
| SunX ANTHROPIC-USDT | 0.0000% | 8h | 2,111.7 | −0.566% | — | $2.4M | 10x | as long as short |
| Phemex ANTHROPICUSDT | 0.0000% | 8h | 2,107.7 | −0.753% | $1.6M | $375K | 10x | 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
Phemex ANTHROPICUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH ANTHROPIC | +0.0032% | 1h | 2,163.9 | +1.892% | $6.2M | $16.1M | 5x | as long as short |
| BloFin ANTHROPIC-USDT | +0.0044% | 8h | 2,107.4 | −0.770% | $269K | $257K | 20x | as long as short |
| Extended ANTHROP-USD | +0.0048% | 1h | 2,106.7 | −0.799% | $19K | $22K | 10x | as long as short |
| Aster ANTHROPICUSDT | +0.0050% | 8h | 2,107.5 | −0.762% | $122K | $6K | 10x | as long as short |
| Binance ANTHROPICUSDT | +0.0050% | 8h | 2,107.3 | −0.771% | $32.0M | $8.1M | 20x | as long as short |
| MEXC ANTHROPIC_USDTshort | +0.0050% | 8h | 2,107.5 | −0.765% | $7.8M | $279K | 50x | |
| KuCoin ANTHROPICUSDTM | +0.0050% | 8h | 2,110.7 | −0.614% | $477K | $20K | 20x | as long as short |
| Variational Omni ANTHROPIC | +0.0050% | 8h | 2,107.2 | −0.779% | $2.4M | $681K | — | as long as short |
| GRVT ANTHROPIC_USDT_Perp | +0.0050% | 8h | 2,107.2 | −0.780% | $10K | $151K | 10x | as long as short |
| Entropy io:ANTH | +0.0080% | 1h | 2,152.5 | +1.356% | $34.9M | $7.6M | 6x | as long as short |
| Aevo ANTHROPIC-PERP | +0.0104% | 1h | 2,107.3 | −0.775% | $10K | $63 | 10x | as long as short |
Lighter RH ANTHROPIC
BloFin ANTHROPIC-USDT
Extended ANTHROP-USD
Aster ANTHROPICUSDT
Binance ANTHROPICUSDT
KuCoin ANTHROPICUSDTM
Variational Omni ANTHROPIC
GRVT ANTHROPIC_USDT_Perp
Entropy io:ANTH
Aevo ANTHROPIC-PERP