ANTHROPIC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0130%/8h= −14.2% APRpaid last 24h +0.037%

Price spread now: Coinbase International against Variational Omni+0.623%7-day average +0.346% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.051%−$5 on $10k

Price spread, last 4 days (all we have)+0.276%+$28 · spread now +0.623%, 7d avg +0.346%

Together, before fees+0.225%+ Points / potential airdropVariational Omni: Active · farm board+$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.277% dearer against Variational Omni than usual: you sell high and buy low (spread +0.623% now, against its 7-day average of +0.346%): +$28 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 7.1 days. At the pace of the last 4 days (−0.051% in total) that is about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ANTHROPIC	2,107.6	0.0050	pay 0.0050% / 8h	1h 51m	$2.4M	$619K	—
Short	Coinbase International ANTHROPIC-PERP-INTX	2,120.7	−0.0080	pay 0.0010% / 1h	51m 52s	$267K	$25K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee Coinbase InternationalbpOrdersPrice spread, now +0.623%Rate

Funding earned: −$27.3
Price spread: +0.623% → +0.346%: $27.7
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$9.6
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Coinbase International: live order book, 56 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 2 min ago	3.46 bp	doesn't fit	39.6 bp −$396	doesn't fit	doesn't fit
Sell Coinbase International live order book, 56 min ago	27.16 bp	32.2 bp −$32	55.3 bp −$553	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	−0.0433%	8h	2,108.4	+0.038%	$42K	$68K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTXshort	−0.0080%	1h	2,120.7	+0.623%	$267K	$25K	5x
Lighter ANTHROPIC	0.0000%	1h	2,166.6	+2.801%	$1.8M	$900K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,152.8	+2.147%	$2.3M	$424K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,165.1	+2.729%	$4.8M	$846K	10x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,107.3	−0.014%	$1.4M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,154.1	+2.209%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,106	−0.076%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,111.2	+0.172%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,108.4	+0.039%	$1.6M	$381K	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	2,163.1	+2.634%	$6.3M	$16.0M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,106.7	−0.042%	$19K	$22K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0049%	8h	2,108.3	+0.033%	$270K	$258K	20x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.3	−0.014%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.3	−0.015%	$32.1M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.3	−0.014%	$7.8M	$272K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	+0.150%	$498K	$25K	20x	as long as short
Variational Omni ANTHROPIClong	+0.0050%	8h	2,107.6	long leg	$2.4M	$619K	—
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,108	+0.022%	$10K	$163K	10x	as long as short
Entropy io:ANTH	+0.0089%	1h	2,152.3	+2.122%	$34.9M	$7.5M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,108	+0.022%	$10K	$63	10x	as long as short