ANTHROPIC

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.363%

7d average—if it closes, per $10,000$36funding while held, a day+$8.16

Long on Extended Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ANTHROP-USD	2,117.6	0.0048	pay 0.0006% / 1h	17m 35s	$19K	$57K	10x
Short	Coinbase International ANTHROPIC-PERP-INTX	2,125.2	0.0320	get 0.0040% / 1h	17m 35s	$268K	$27K	5x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee ExtendedbpFee Coinbase InternationalbpOrdersClose when spread is

Spread captured: $36.25
Funding while held: $8.16
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $29.41
Spread needed to break even: 0.150%

Slippage unknown: Extended: no order-book sample; Coinbase International: live order book, 17 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0272%
Per $10,000 a day: +$8.16
Average in range /8h: —

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 Extended no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 17 min ago	11.32 bp	21.9 bp −$22	55.9 bp −$559	doesn't fit	doesn't fit

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ANTHROPIC price on every exchange

against the cheapest. Click to use as the short leg.

Variational Omni2,114.7cheapest Bitget2,116.3+0.076%

Extended2,117.6+0.134%

Binance2,117.6+0.137%Aevo2,117.8+0.143%Phemex2,118.1+0.161%QFEX2,118.4+0.174%HTX2,118.5+0.178%BloFin2,118.7+0.185%MEXC2,119+0.201%Aster2,120.5+0.271%SunX2,122.2+0.353%

Coinbase International2,125.2+0.497%

KuCoin2,135+0.960%Bybit2,163.1+2.285%Gate2,164.1+2.332%OKX2,174.7+2.835%Entropy2,178.7+3.025%Lighter2,187.8+3.455%Lighter RH2,188.2+3.474%

ANTHROPIC on 20 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni ANTHROPIC	−0.133%	+0.0050%	8h	$2.3M	$524K	—	as long as short
Bitget ANTHROPICUSDT	−0.058%	0.0000%	8h	$26.1M	$2.7M	20x	as long as short
Extended ANTHROP-USDlong	0.000%	+0.0048%	1h	$19K	$57K	10x
Binance ANTHROPICUSDT	+0.004%	+0.0050%	8h	$32.1M	$7.5M	20x	as long as short
Aevo ANTHROPIC-PERP	+0.010%	+0.0104%	1h	$10K	—	10x	as long as short
Phemex ANTHROPICUSDT	+0.027%	0.0000%	8h	$1.6M	$352K	10x	as long as short
QFEX ANTHROPIC-USD	+0.040%	+0.0012%	1h	$1.4M	$1.4M	10x	as long as short
HTX ANTHROPIC-USDT	+0.044%	−0.0193%	8h	$42K	$69K	20x	as long as short
BloFin ANTHROPIC-USDT	+0.052%	+0.0041%	8h	$273K	$258K	20x	as long as short
MEXC ANTHROPIC_USDT	+0.067%	+0.0050%	8h	$7.8M	$266K	50x	as long as short

Show all 20 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Aster ANTHROPICUSDT	+0.137%	+0.0050%	8h	$122K	$5K	10x	as long as short
SunX ANTHROPIC-USDT	+0.219%	0.0000%	8h	—	$2.6M	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTXshort	+0.363%	+0.0320%	1h	$268K	$27K	5x
KuCoin ANTHROPICUSDTM	+0.825%	+0.0050%	8h	$479K	$14K	20x	as long as short
Bybit ANTHROPICUSDT	+2.149%	0.0000%	8h	$2.4M	$315K	25x	as long as short
Gate ANTHROPIC_USDT	+2.195%	0.0000%	8h	$2.5M	$1.1M	50x	as long as short
OKX ANTHROPIC-USDT-SWAP	+2.698%	0.0000%	8h	$4.8M	$1.1M	10x	as long as short
Entropy io:ANTH	+2.887%	+0.0078%	1h	$35.2M	$7.1M	6x	as long as short
Lighter ANTHROPIC	+3.317%	0.0000%	1h	$1.9M	$676K	5x	as long as short
Lighter RH ANTHROPIC	+3.336%	+0.0032%	1h	$6.1M	$17.1M	5x	as long as short