Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%

Price spread now: MEXC against Aevo−0.022%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 MEXC

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 −$2 a day on $10k at the current rate, and MEXC is 0.022% cheaper against Aevo than usual: you would sell low and buy high (−$2 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	2,112.6	0.0104	pay 0.0013% / 1h	50m 14s	$10K	—	10x
Short	MEXC ANTHROPIC_USDT	2,112.2	0.0050	get 0.0050% / 8h	7h 50m	$7.8M	$276K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$11.34
Price spread: −0.022% → 0.000%: −$2.22
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee MEXC: 0 bp × 2 orders: $0
Net: −$29.56
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; MEXC: live order book, 8 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 MEXC live order book, 8 min ago	1.80 bp	3.1 bp −$3	75.1 bp −$751	453.5 bp −$45.4K	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	−0.0080%	1h	2,123.7	+0.524%	$267K	$26K	5x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,111.7	−0.046%	$1.4M	$1.5M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,170.7	+2.748%	$1.9M	$893K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,158.9	+2.188%	$2.4M	$380K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,173.4	+2.876%	$4.8M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,159.6	+2.221%	$2.5M	$1.2M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,108.7	−0.189%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,111.9	−0.035%	—	$2.6M	10x	as long as short
HTX ANTHROPIC-USDT	0.0000%	8h	2,112.2	−0.019%	$42K	$70K	20x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,111.1	−0.073%	$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	2,174.1	+2.909%	$6.3M	$16.7M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,112.2	−0.021%	$19K	$38K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,112.7	+0.005%	$122K	$7K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,112.2	−0.022%	$32.0M	$8.4M	20x	as long as short
MEXC ANTHROPIC_USDTshort	+0.0050%	8h	2,112.2	−0.022%	$7.8M	$276K	50x
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,120	+0.346%	$478K	$21K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,112	−0.032%	$2.4M	$663K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,113.9	+0.060%	$10K	$156K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0056%	8h	2,112.6	−0.002%	$267K	$260K	20x	as long as short
Aevo ANTHROPIC-PERPlong	+0.0104%	1h	2,112.6	long leg	$10K	—	10x
Entropy io:ANTH	+0.0105%	1h	2,166.3	+2.540%	$35.2M	$7.7M	6x	as long as short