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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 05:00 UTC−0.0017%/8h= −1.8% APRpaid last 24h −0.022%
Price spread now: BloFin against Entropy−2.088%7-day average −2.780% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs+$24as in the Price arb table
costs, in and out, $10k−$450.449% of the position
Long on EntropyShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.272%−$27 on $10k
Price spread, last 4 days (all we have)−1.544%−$154 · spread now −2.088%, 7d avg −2.780%
Together, before fees−1.817%−$182 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.692% dearer against Entropy than usual: you sell high and buy low (spread −2.088% now, against its 7-day average of −2.780%): +$69 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5 months. At the pace of the last 7 days (−0.272% in total) that is about 18 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongEntropy io:ANTH2,149.90.0061pay 0.0008% / 1h40m 13s$34.8M$7.7M6x
ShortBloFin ANTHROPIC-USDT2,1050.0044get 0.0044% / 8h3h 40m$269K$256K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Entropy. 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
−$3.51
Price spread: −2.088% → −2.780%
$69.21
Slippage, 4 orders
−$14.91
Fee Entropy: 9 bp × 2 orders
−$18
Fee BloFin: 6 bp × 2 orders
−$12
Net
$20.79
Costs to cover
0.449%
Break-even
from the start
Slippage from Entropy: live order book, 7 min ago; BloFin: live order book, 52 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 Entropy live order book, 7 min ago0.23 bp15.6 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 52 min ago0.66 bp7.8 bp −$8doesn'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−0.0448%8h2,105.4−2.071%$42K$67K20xas long as short
Lighter ANTHROPIC0.0000%1h2,166.4+0.767%$1.8M$946K5xas long as short
Bybit ANTHROPICUSDT0.0000%8h2,151+0.053%$2.4M$352K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,164.8+0.693%$4.8M$875K10xas long as short
QFEX ANTHROPIC-USD0.0000%1h2,104.7−2.101%$1.4M$1.2M10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,153+0.144%$2.4M$1.1M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,103.8−2.144%$25.9M$3.1M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,108.5−1.926%—$2.4M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,105.1−2.082%$1.6M$376K10xas long as short
Coinbase International ANTHROPIC-PERP-INTX+0.0008%1h2,123.7−1.218%$267K$25K5xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,161.1+0.521%$6.2M$15.8M5xas long as short
BloFin ANTHROPIC-USDTshort+0.0044%8h2,105−2.088%$269K$256K20x
Extended ANTHROP-USD+0.0048%1h2,104.1−2.131%$19K$22K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,104.6−2.105%$121K$6K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,104.7−2.103%$32.0M$8.1M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,104.7−2.102%$7.8M$276K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,110.7−1.824%$477K$20K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,104.8−2.099%$2.4M$689K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,105.9−2.048%$10K$154K10xas long as short
Entropy io:ANTHlong+0.0061%1h2,149.9long leg$34.8M$7.7M6x
Aevo ANTHROPIC-PERP+0.0104%1h2,104.4−2.116%$10K$6310xas long as short