Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%

Price spread now: Aster against Aevo−0.025%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.025% cheaper against Aevo than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ANTHROPIC-PERP	2,110.7	0.0104	pay 0.0013% / 1h	28m 51s	$10K	$63	10x
Short	Aster ANTHROPICUSDT	2,110.1	0.0050	get 0.0050% / 8h	5h 28m	$122K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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

Position, each leg$Hold fordaysFee AevobpFee AsterbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$11.34
Price spread: −0.025% → 0.000%: −$2.5
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$37.84
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Aster: live order book, 15 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 Aevo no order-book sample	—	—	—	—	—
Sell Aster live order book, 15 min ago	54.34 bp	61.1 bp −$61	doesn't fit	doesn't fit	doesn't fit

Aevo: 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 on 21 exchanges

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	−0.0381%	8h	2,110.5	−0.009%	$42K	$69K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0024%	1h	2,121.3	+0.505%	$268K	$26K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,110.1	−0.026%	$1.4M	$1.0M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,168.9	+2.759%	$1.9M	$842K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,152.1	+1.960%	$2.3M	$377K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,167.2	+2.678%	$4.8M	$678K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,156.1	+2.152%	$2.5M	$990K	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,109	−0.077%	$26.0M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,114.8	+0.196%	—	$1.7M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,112.8	+0.103%	$1.6M	$354K	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,163.7	+2.512%	$6.2M	$16.7M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,109.9	−0.038%	$10K	$11K	10x	as long as short
Aster ANTHROPICUSDTshort	+0.0050%	8h	2,110.1	−0.025%	$122K	$6K	10x
Binance ANTHROPICUSDT	+0.0050%	8h	2,110.6	−0.005%	$32.2M	$7.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,110.6	−0.003%	$7.8M	$246K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,118	+0.349%	$499K	$216K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,109.8	−0.042%	$2.3M	$672K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,110.3	−0.018%	$10K	$189K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0074%	8h	2,110.6	−0.005%	$274K	$247K	20x	as long as short
Entropy io:ANTH	+0.0097%	1h	2,154.8	+2.091%	$35.1M	$7.0M	6x	as long as short
Aevo ANTHROPIC-PERPlong	+0.0104%	1h	2,110.7	long leg	$10K	$63	10x