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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 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%
Price spread now: Lighter against KuCoin+2.611%7-day average +3.155% · you sell dearer than you buy
Net, funding: paid 7d − costs−$653as in the Funding arb table
Net, price: spread back to 7d avg − costs−$697as in the Price arb table
costs, in and out, $10k−$6436.425% of the position
Long on KuCoinShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days−0.103%−$10 on $10k
Price spread, last 4 days (all we have)+1.487%+$149 · spread now +2.611%, 7d avg +3.155%
Together, before fees+1.384%+ Points / potential airdropLighter: Season 3 · farm board+$138 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.543% cheaper against KuCoin than usual: you would sell low and buy high (−$54 if the spread goes back to its 7-day average of +3.155%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ANTHROPICUSDTM2,110.70.0050pay 0.0050% / 8h4h 33m$477K$20K20x
ShortLighter ANTHROPIC2,165.80get 0.0000% / 1h33m 09s$1.9M$930K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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
−$10.5
Price spread: +2.611% → +3.155%
−$54.32
Slippage, 4 orders
−$630.52
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$707.34
Costs to cover
6.425%
Break-even
never at this rate
Slippage from KuCoin: live order book, 50 min ago; Lighter: live order book, 8 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 KuCoin live order book, 50 min ago12.85 bp462.6 bp −$463doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 8 min ago0.69 bp25.5 bp −$2696.3 bp −$963doesn'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−0.0422%8h2,107.8−0.136%$42K$67K20xas long as short
Coinbase International ANTHROPIC-PERP-INTX−0.0280%1h2,123.7+0.617%$267K$25K5xas long as short
QFEX ANTHROPIC-USD−0.0002%1h2,107−0.175%$1.4M$1.3M10xas long as short
Lighter ANTHROPICshort0.0000%1h2,165.8+2.611%$1.9M$930K5x
Bybit ANTHROPICUSDT0.0000%8h2,150.4+1.882%$2.4M$351K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,164.8+2.564%$4.8M$867K10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,153.8+2.041%$2.4M$1.1M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,104.6−0.288%$26.0M$3.1M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,111.3+0.029%—$2.4M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,107.9−0.132%$1.6M$379K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,165.6+2.602%$6.2M$15.8M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,106.7−0.188%$19K$22K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,107.3−0.159%$122K$6K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,107.2−0.163%$32.0M$8.2M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,107.3−0.160%$7.8M$277K50xas long as short
KuCoin ANTHROPICUSDTMlong+0.0050%8h2,110.7long leg$477K$20K20x
Variational Omni ANTHROPIC+0.0050%8h2,106.9−0.178%$2.4M$681K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,106.1−0.217%$10K$150K10xas long as short
BloFin ANTHROPIC-USDT+0.0080%8h2,107.2−0.163%$269K$256K20xas long as short
Entropy io:ANTH+0.0080%1h2,153.8+2.043%$35.0M$7.6M6xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,107.1−0.168%$10K$6310xas long as short