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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 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.038%
Price spread now: Phemex against Entropy−1.987%7-day average −2.714% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on EntropyShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days−0.362%−$36 on $10k
Price spread, last 4 days (all we have)−1.432%−$143 · spread now −1.987%, 7d avg −2.714%
Together, before fees−1.794%−$179 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.727% dearer against Entropy than usual: you sell high and buy low (spread −1.987% now, against its 7-day average of −2.714%): +$73 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 24 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongEntropy io:ANTH2,152.90.0100pay 0.0012% / 1h20m 49s$35.0M$7.4M6x
ShortPhemex ANTHROPICUSDT2,110.10get 0.0000% / 8h7h 20m$1.6M$381K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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
−$20.93
Price spread: −1.987% → −2.714%
$72.73
Slippage, 4 orders
no order book: not counted
Fee Entropy: 9 bp × 2 orders
−$18
Fee Phemex: 6 bp × 2 orders
−$12
Net
$21.8
Costs to cover
0.300%
Break-even
from the start
Slippage unknown: Entropy: live order book, 6 min ago; Phemex: live order book, 2 min ago. Net counts fees only.

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, 6 min ago0.23 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Phemex live order book, 2 min ago1.90 bpdoesn't fitdoesn'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−0.0381%8h2,114.4−1.788%$42K$69K20xas long as short
QFEX ANTHROPIC-USD−0.0004%1h2,109.1−2.034%$1.4M$1.1M10xas long as short
Lighter ANTHROPIC0.0000%1h2,169+0.748%$1.9M$878K5xas long as short
Bybit ANTHROPICUSDT0.0000%8h2,150.9−0.095%$2.3M$423K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,166.5+0.632%$4.8M$810K10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,155.7+0.130%$2.4M$1.0M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,107.3−2.120%$26.0M$3.2M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,113.2−1.844%—$2.2M10xas long as short
Phemex ANTHROPICUSDTshort0.0000%8h2,110.1−1.987%$1.6M$381K10x
BloFin ANTHROPIC-USDT+0.0031%8h2,109.7−2.007%$273K$260K20xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,164.6+0.543%$6.4M$16.5M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,109.1−2.035%$19K$3K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,109.5−2.014%$122K$6K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,109.6−2.012%$32.1M$8.2M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,109.3−2.025%$7.8M$272K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,117.2−1.661%$500K$87K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,109.2−2.032%$2.3M$650K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,107.5−2.108%$10K$173K10xas long as short
Entropy io:ANTHlong+0.0100%1h2,152.9long leg$35.0M$7.4M6x
Aevo ANTHROPIC-PERP+0.0104%1h2,109.1−2.034%$10K$6310xas long as short
Coinbase International ANTHROPIC-PERP-INTX+0.0104%1h2,117.9−1.624%$267K$28K5xas long as short