Funding you earn now, next payment 04:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: QFEX against Lighter−2.716%7-day average −4.006% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$91as in the Price arb table
costs, in and out, $10k−$370.375% of the position
Funding, last 4 days (all we have)−0.004%$0 on $10k
+Price spread, last 7 days−2.537%−$254 · spread now −2.716%, 7d avg −4.006%
=Together, before fees−2.541%+ Points / potential airdropLighter: Season 3 · farm board−$254 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 1.289% dearer against Lighter than usual: you sell high and buy low, +$129 on $10k if it goes back to its 7-day average of −4.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ANTHROPIC | 2,166.1 | 0 | get 0.0000% / 1h | 10m 27s | $1.9M | $948K | 5x |
| Short | QFEX ANTHROPIC-USD | 2,107.3 | −0.0002 | pay 0.0000% / 1h | 10m 27s | $1.4M | $1.2M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.44
- Price spread: −2.716% → −4.006%
- $128.94
- Slippage, 4 orders
- −$27.45
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- $91.05
- Costs to cover
- 0.375%
- Break-even
- from the start
Slippage from Lighter: live order book, 6 min ago; QFEX: live order book, 1 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 Lighter live order book, 6 min ago | 0.23 bp | 7.5 bp −$7 | 151.0 bp −$1,510 | 710.1 bp −$71.0K | doesn't fit |
| Sell QFEX live order book, 1 min ago | 1.92 bp | 7.6 bp −$8 | 12.0 bp −$120 | 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 | −0.0429% | 8h | 2,108.4 | −2.666% | $42K | $67K | 20x | as long as short |
| Coinbase International ANTHROPIC-PERP-INTX | −0.0280% | 1h | 2,123.7 | −1.957% | $267K | $25K | 5x | as long as short |
| QFEX ANTHROPIC-USDshort | −0.0002% | 1h | 2,107.3 | −2.716% | $1.4M | $1.2M | 10x | |
| Lighter ANTHROPIClong | 0.0000% | 1h | 2,166.1 | long leg | $1.9M | $948K | 5x | |
| Bybit ANTHROPICUSDT | 0.0000% | 8h | 2,150.2 | −0.734% | $2.4M | $351K | 25x | as long as short |
| OKX ANTHROPIC-USDT-SWAP | 0.0000% | 8h | 2,164.7 | −0.065% | $4.8M | $864K | 10x | as long as short |
| Gate ANTHROPIC_USDT | 0.0000% | 8h | 2,154.5 | −0.536% | $2.4M | $1.1M | 50x | as long as short |
| Bitget ANTHROPICUSDT | 0.0000% | 8h | 2,105.1 | −2.815% | $26.0M | $3.0M | 20x | as long as short |
| SunX ANTHROPIC-USDT | 0.0000% | 8h | 2,111.8 | −2.507% | — | $2.4M | 10x | as long as short |
| Phemex ANTHROPICUSDT | 0.0000% | 8h | 2,107.6 | −2.703% | $1.6M | $374K | 10x | 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 | 2,164 | −0.097% | $6.2M | $16.1M | 5x | as long as short |
| Extended ANTHROP-USD | +0.0048% | 1h | 2,106.7 | −2.741% | $19K | $22K | 10x | as long as short |
| Aster ANTHROPICUSDT | +0.0050% | 8h | 2,107.4 | −2.708% | $122K | $6K | 10x | as long as short |
| Binance ANTHROPICUSDT | +0.0050% | 8h | 2,107.3 | −2.712% | $32.0M | $8.1M | 20x | as long as short |
| MEXC ANTHROPIC_USDT | +0.0050% | 8h | 2,107.8 | −2.692% | $7.8M | $279K | 50x | as long as short |
| KuCoin ANTHROPICUSDTM | +0.0050% | 8h | 2,110.7 | −2.559% | $477K | $20K | 20x | as long as short |
| Variational Omni ANTHROPIC | +0.0050% | 8h | 2,107.2 | −2.721% | $2.4M | $681K | — | as long as short |
| GRVT ANTHROPIC_USDT_Perp | +0.0050% | 8h | 2,106.9 | −2.735% | $10K | $151K | 10x | as long as short |
| BloFin ANTHROPIC-USDT | +0.0074% | 8h | 2,107.7 | −2.695% | $269K | $256K | 20x | as long as short |
| Entropy io:ANTH | +0.0082% | 1h | 2,152.9 | −0.609% | $34.9M | $7.6M | 6x | as long as short |
| Aevo ANTHROPIC-PERP | +0.0104% | 1h | 2,107.4 | −2.710% | $10K | $63 | 10x | as long as short |
Lighter ANTHROPIC
HTX ANTHROPIC-USDT
Coinbase International ANTHROPIC-PERP-INTX
Bybit ANTHROPICUSDT
OKX ANTHROPIC-USDT-SWAP
Gate ANTHROPIC_USDT
Bitget ANTHROPICUSDT
SunX ANTHROPIC-USDT
Phemex ANTHROPICUSDT
Lighter RH ANTHROPIC
Extended ANTHROP-USD
Aster ANTHROPICUSDT
Binance ANTHROPICUSDT
MEXC ANTHROPIC_USDT
KuCoin ANTHROPICUSDTM
Variational Omni ANTHROPIC
GRVT ANTHROPIC_USDT_Perp
BloFin ANTHROPIC-USDT