Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0194%/8h= −21.2% APRpaid last 24h +0.051%

Price spread now: Coinbase International against Aster+1.004%7-day average +0.205% · you sell dearer than you buy

Net, funding: paid 7d − costs−$233as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$2252.255% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)+0.192%+$19 · spread now +1.004%, 7d avg +0.205%

Together, before fees+0.116%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.800% dearer against Aster than usual: you sell high and buy low (spread +1.004% now, against its 7-day average of +0.205%): +$80 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 7 days (−0.076% in total) that is about 2 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.076% in total (about -3.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ANTHROPICUSDT	2,102.6	0.0050	pay 0.0050% / 8h	5h 12m	$122K	$6K	10x
Short	Coinbase International ANTHROPIC-PERP-INTX	2,123.7	−0.0144	pay 0.0018% / 1h	12m 56s	$267K	$25K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now +1.004%Rate

Funding earned: −$40.74
Price spread: +1.004% → +0.205%: $79.96
Slippage, 4 orders: −$207.47
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$186.26
Costs to cover: 2.255%
Break-even: never at this rate

Slippage from Aster: live order book, 48 min ago; Coinbase International: live order book, 50 min ago.

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 Aster live order book, 48 min ago	65.16 bp	78.3 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 50 min ago	29.50 bp	34.5 bp −$34	48.7 bp −$487	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	−0.0412%	8h	2,103	+0.017%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTXshort	−0.0144%	1h	2,123.7	+1.004%	$267K	$25K	5x
QFEX ANTHROPIC-USD	−0.0004%	1h	2,102.6	−0.002%	$1.4M	$1.3M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,164.3	+2.935%	$1.9M	$904K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,148.6	+2.186%	$2.4M	$355K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.8	+2.958%	$4.8M	$875K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,150.2	+2.266%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,100.6	−0.093%	$25.7M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,106.4	+0.181%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,101.6	−0.046%	$1.5M	$376K	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	2,165.7	+3.001%	$6.3M	$16.1M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,102	−0.029%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDTlong	+0.0050%	8h	2,102.6	long leg	$122K	$6K	10x
Binance ANTHROPICUSDT	+0.0050%	8h	2,102.4	−0.010%	$32.0M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,102.3	−0.015%	$7.8M	$278K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	+0.385%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,102	−0.026%	$2.4M	$679K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,102.6	−0.001%	$10K	$147K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0069%	8h	2,103.1	+0.022%	$270K	$255K	20x	as long as short
Entropy io:ANTH	+0.0089%	1h	2,156.3	+2.554%	$35.1M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,102.3	−0.013%	$10K	—	10x	as long as short