ANTHROPIC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.014%

Price spread now: Coinbase International against Entropy−1.720%7-day average −2.433% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$1071.067% of the position

Long on Entropy Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.337%−$34 on $10k

Price spread, last 4 days (all we have)−1.250%−$125 · spread now −1.720%, 7d avg −2.433%

Together, before fees−1.587%−$159 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.714% dearer against Entropy than usual: you sell high and buy low: +$71 more if the spread goes back to its 7-day average of −2.433%. Mind the row above: over the last 7 days funding on this pair cost −0.337%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:ANTH	2,155	0.0103	pay 0.0013% / 1h	7m 38s	$35.1M	$7.5M	6x
Short	Coinbase International ANTHROPIC-PERP-INTX	2,117.9	0.0128	get 0.0016% / 1h	7m 38s	$267K	$28K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee EntropybpFee Coinbase InternationalbpOrdersPrice spread, now −1.720%Rate

Funding earned: $5.2
Price spread: −1.720% → −2.433%: $71.37
Slippage, 4 orders: −$78.68
Fee Entropy: 9 bp × 2 orders: −$18
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$30.11
Costs to cover: 1.067%
Break-even: 47.5 days

Slippage from Entropy: live order book, 9 min ago; Coinbase International: live order book, 30 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 Entropy live order book, 9 min ago	0.23 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 30 min ago	31.28 bp	36.3 bp −$36	55.6 bp −$556	doesn't fit	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	−0.0432%	8h	2,106.9	−2.233%	$41K	$69K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,106.3	−2.261%	$1.4M	$1.1M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,169.7	+0.682%	$1.9M	$880K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,155.5	+0.023%	$2.3M	$422K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,165.1	+0.469%	$4.8M	$850K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,154.4	−0.027%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,104.9	−2.323%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,110.8	−2.051%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,106.3	−2.260%	$1.6M	$383K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0024%	8h	2,106.8	−2.236%	$270K	$258K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,166	+0.510%	$6.4M	$16.8M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,105.4	−2.302%	$19K	$5K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,106.4	−2.257%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,105.9	−2.279%	$32.1M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,105.8	−2.284%	$7.8M	$272K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,112.9	−1.954%	$499K	$34K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,105.3	−2.306%	$2.3M	$651K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.4	−2.208%	$10K	$170K	10x	as long as short
Entropy io:ANTHlong	+0.0103%	1h	2,155	long leg	$35.1M	$7.5M	6x
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,105.8	−2.282%	$10K	$63	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTXshort	+0.0128%	1h	2,117.9	−1.720%	$267K	$28K	5x