ANTHROPIC

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h −0.042%

Price spread now: QFEX against Coinbase International−0.374%7-day average −0.349% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$780.777% of the position

Long on Coinbase International Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.848%−$85 · spread now −0.374%, 7d avg −0.349%

Together, before fees−0.868%−$87 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.025% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.374% now, against its 7-day average of −0.349%). If the spread goes back, that is −$2 on $10k: about 4.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ANTHROPIC-PERP-INTX	2,117.9	−0.0024	get 0.0003% / 1h	43m 54s	$267K	$26K	5x
Short	QFEX ANTHROPIC-USD	2,110	−0.0004	pay 0.0000% / 1h	43m 54s	$1.4M	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Coinbase International. 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee QFEXbpOrdersPrice spread, now −0.374%Rate

Funding earned: $4.25
Price spread: −0.374% → −0.349%: −$2.5
Slippage, 4 orders: −$57.71
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$75.96
Costs to cover: 0.777%
Break-even: 132.1 days

Slippage from Coinbase International: live order book, 2 min ago; QFEX: live order book, 6 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, 2 min ago	17.19 bp	41.3 bp −$41	60.0 bp −$600	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.18 bp	6.2 bp −$6	6.5 bp −$65	doesn't fit	doesn't fit

ANTHROPIC on 21 exchanges

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	−0.0383%	8h	2,111.2	−0.319%	$42K	$69K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTXlong	−0.0024%	1h	2,117.9	long leg	$267K	$26K	5x
QFEX ANTHROPIC-USDshort	−0.0004%	1h	2,110	−0.374%	$1.4M	$1.0M	10x
Lighter ANTHROPIC	0.0000%	1h	2,168.7	+2.397%	$1.9M	$829K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,151.8	+1.599%	$2.3M	$381K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166.3	+2.283%	$4.8M	$687K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,157	+1.843%	$2.5M	$986K	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,108.9	−0.429%	$26.0M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,114.3	−0.172%	—	$1.7M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,111	−0.329%	$1.6M	$359K	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,164.3	+2.189%	$6.2M	$16.5M	5x	as long as short
BloFin ANTHROPIC-USDT	+0.0045%	8h	2,110.8	−0.338%	$274K	$248K	20x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,109.9	−0.379%	$10K	$11K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,110.3	−0.362%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,110.6	−0.346%	$32.2M	$7.4M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,110.7	−0.340%	$7.8M	$245K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,118.8	+0.039%	$501K	$198K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,109.8	−0.383%	$2.3M	$661K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,109.9	−0.379%	$10K	$186K	10x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,110.1	−0.372%	$10K	$63	10x	as long as short
Entropy io:ANTH	+0.0106%	1h	2,155.2	+1.759%	$35.1M	$7.1M	6x	as long as short