Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: Bitget against Aevo−0.114%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 Bitget

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—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.114% cheaper against Aevo than usual: you would sell low and buy high (−$11 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	2,110.2	0.0104	pay 0.0013% / 1h	8m 39s	$10K	$63	10x
Short	Bitget ANTHROPICUSDT	2,107.8	0	get 0.0000% / 8h	4h 08m	$26.0M	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.114%Rate

Funding earned: −$21.84
Price spread: −0.114% → 0.000%: −$11.36
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$61.2
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	1.14 bp	13.9 bp −$14	37.6 bp −$376	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	−0.0393%	8h	2,111.5	+0.060%	$42K	$70K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0001%	1h	2,109.3	−0.040%	$1.4M	$1.0M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,170.7	+2.868%	$1.9M	$825K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,152.4	+1.999%	$2.3M	$360K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,168.4	+2.759%	$4.8M	$646K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,155.4	+2.144%	$2.5M	$997K	50x	as long as short
Bitget ANTHROPICUSDTshort	0.0000%	8h	2,107.8	−0.114%	$26.0M	$3.0M	20x
SunX ANTHROPIC-USDT	0.0000%	8h	2,115	+0.228%	—	$1.6M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,111.4	+0.058%	$1.6M	$342K	10x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,165.9	+2.640%	$6.3M	$17.1M	5x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International ANTHROPIC-PERP-INTX	+0.0040%	1h	2,121.3	+0.528%	$268K	$22K	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,109.7	−0.021%	$10K	$11K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,110.5	+0.015%	$122K	$7K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,110.4	+0.012%	$32.3M	$7.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,108.3	−0.089%	$7.7M	$244K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,120.4	+0.484%	$501K	$303K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,110.3	+0.007%	$2.3M	$680K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,110.7	+0.022%	$10K	$198K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0078%	8h	2,110.8	+0.029%	$274K	$245K	20x	as long as short
Aevo ANTHROPIC-PERPlong	+0.0104%	1h	2,110.2	long leg	$10K	$63	10x
Entropy io:ANTH	+0.0121%	1h	2,156.7	+2.204%	$35.1M	$6.7M	6x	as long as short