Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against Aevo+2.079%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bybit

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

The price spread pays, funding is against you. Bybit is 2.079% dearer against Aevo than usual: you sell high and buy low (spread +2.079% now, against zero (this spread has no 7-day history yet)): +$208 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ANTHROPIC-PERP	2,107.5	0.0104	pay 0.0013% / 1h	23m 33s	$10K	—	10x
Short	Bybit ANTHROPICUSDT	2,151.3	0	get 0.0000% / 8h	23m 33s	$2.3M	$376K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +2.079%Rate

Funding earned: −$21.84
Price spread: +2.079% → 0.000%: $207.95
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $159.11
Costs to cover: 0.270%
Break-even: from the start

Slippage unknown: Aevo: no order-book sample; Bybit: 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 Bybit live order book, 3 min ago	12.85 bp	35.5 bp −$35	147.7 bp −$1,477	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 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
Coinbase International ANTHROPIC-PERP-INTX	−0.0376%	1h	2,119.1	+0.551%	$267K	$26K	5x	as long as short
HTX ANTHROPIC-USDT	−0.0281%	8h	2,109	+0.071%	$42K	$70K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,106.9	−0.028%	$1.4M	$1.5M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,173.1	+3.114%	$1.9M	$710K	5x	as long as short
Bybit ANTHROPICUSDTshort	0.0000%	8h	2,151.3	+2.079%	$2.3M	$376K	25x
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,168.3	+2.887%	$4.8M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,155	+2.254%	$2.4M	$1.2M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,103.8	−0.175%	$25.8M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,110.9	+0.163%	—	$2.6M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,107.7	+0.010%	$1.6M	$375K	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	2,172.1	+3.067%	$6.3M	$17.1M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,106.5	−0.048%	$19K	$38K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,106.9	−0.028%	$123K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,106.9	−0.028%	$31.9M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.2	−0.013%	$7.8M	$278K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,122.2	+0.701%	$479K	$21K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.7	−0.035%	$2.3M	$515K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.4	−0.002%	$10K	$158K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0070%	8h	2,107.4	−0.005%	$268K	$259K	20x	as long as short
Aevo ANTHROPIC-PERPlong	+0.0104%	1h	2,107.5	long leg	$10K	—	10x
Entropy io:ANTH	+0.0110%	1h	2,160.9	+2.535%	$35.1M	$7.6M	6x	as long as short