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Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h 0.000%
Price spread now: Bitget against QFEX+0.009%56s7-day average −0.281% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.365% of the position
Long on QFEXShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.003%$0 on $10k
Price spread, last 7 days−0.707%−$71 · spread now +0.009%, 7d avg −0.281%
Together, before fees−0.704%−$70 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: Bitget is 0.289% dearer against QFEX than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.281%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX ANTHROPIC-USD2,103.5−0.0006get 0.0001% / 1h24m 40s$1.4M$1.2M10x
ShortBitget ANTHROPICUSDT2,103.70get 0.0000% / 8h2h 24m$25.9M$3.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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
$1.36
Price spread: +0.009% → −0.281%
$28.92
Slippage, 4 orders
−$14.51
Fee QFEX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$6.23
Costs to cover
0.365%
Break-even
39.0 days
Slippage from QFEX: live order book, 2 min ago; Bitget: live order book, 4 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 QFEX live order book, 2 min ago1.45 bp9.6 bp −$1014.3 bp −$143doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago0.50 bp7.5 bp −$833.7 bp −$337doesn'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−0.0463%8h2,104.5+0.048%$42K$68K20xas long as short
Coinbase International ANTHROPIC-PERP-INTX−0.0064%1h2,113.5+0.475%$267K$25K5xas long as short
QFEX ANTHROPIC-USDlong−0.0006%1h2,103.5long leg$1.4M$1.2M10x
Lighter ANTHROPIC0.0000%1h2,166.5+2.996%$1.9M$946K5xas long as short
Bybit ANTHROPICUSDT0.0000%8h2,152.3+2.323%$2.3M$425K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,164.1+2.882%$4.8M$850K10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,150.9+2.257%$2.4M$1.1M50xas long as short
Bitget ANTHROPICUSDTshort0.0000%8h2,103.7+0.009%$25.9M$3.3M20x
SunX ANTHROPIC-USDT0.0000%8h2,107.3+0.182%—$2.4M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,104.4+0.045%$1.6M$381K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPIC+0.0032%1h2,162.5+2.806%$6.3M$16.2M5xas long as short
Extended ANTHROP-USD+0.0048%1h2,103.3−0.006%$19K$22K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,104.6+0.055%$121K$6K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,104.6+0.053%$32.1M$8.3M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,104.4+0.046%$7.8M$277K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,110.1+0.314%$499K$25K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,103.2−0.011%$2.4M$704K—as long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,103.5+0.001%$10K$158K10xas long as short
BloFin ANTHROPIC-USDT+0.0074%8h2,104.1+0.030%$270K$257K20xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,104.2+0.037%$10K$6310xas long as short
Entropy io:ANTH+0.0115%1h2,151.2+2.269%$34.9M$7.7M6xas long as short