Settings8H · net · $10k
Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.005%
Price spread now: Lighter RH against Aster+2.512%7-day average +3.251% · you sell dearer than you buy
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$287as in the Price arb table
costs, in and out, $10k−$2142.137% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.038%−$4 on $10k
Price spread, last 4 days (all we have)+1.528%+$153 · spread now +2.512%, 7d avg +3.251%
Together, before fees+1.491%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$149 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.738% cheaper against Aster than usual: you would sell low and buy high (−$74 if the spread goes back to its 7-day average of +3.251%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ANTHROPICUSDT2,109.60.0050pay 0.0050% / 8h5h 06m$122K$7K10x
ShortLighter RH ANTHROPIC2,162.60.0032get 0.0004% / 1h6m 36s$6.1M$17.0M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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

Funding earned
−$3.78
Price spread: +2.512% → +3.251%
−$73.83
Slippage, 4 orders
−$205.67
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$291.28
Costs to cover
2.137%
Break-even
never at this rate
Slippage from Aster: live order book, 37 min ago; Lighter RH: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 37 min ago54.34 bp148.3 bp −$148doesn't fitdoesn't fitdoesn't fit
Sell Lighter RH live order book, 5 min ago0.23 bp0.9 bp −$110.2 bp −$10296.1 bp −$9,606doesn't fit

ANTHROPIC on 21 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ANTHROPIC-USDT−0.0369%8h2,109.9+0.013%$42K$70K20xas long as short
Coinbase International ANTHROPIC-PERP-INTX−0.0024%1h2,121.3+0.556%$268K$26K5xas long as short
QFEX ANTHROPIC-USD−0.0004%1h2,108.2−0.068%$1.4M$1.0M10xas long as short
Lighter ANTHROPIC0.0000%1h2,167.3+2.735%$1.9M$856K5xas long as short
Bybit ANTHROPICUSDT0.0000%8h2,149.3+1.881%$2.3M$377K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,166.7+2.707%$4.8M$665K10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,159.2+2.351%$2.5M$1.0M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,107.9−0.081%$26.0M$3.1M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,112.4+0.133%$1.6M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,112.8+0.151%$1.6M$355K10xas long as short
Show all 21 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH ANTHROPICshort+0.0032%1h2,162.6+2.512%$6.1M$17.0M5x
BloFin ANTHROPIC-USDT+0.0048%8h2,110.1+0.022%$275K$248K20xas long as short
Extended ANTHROP-USD+0.0048%1h2,108−0.075%$10K$11K10xas long as short
Aster ANTHROPICUSDTlong+0.0050%8h2,109.6long leg$122K$7K10x
Binance ANTHROPICUSDT+0.0050%8h2,108.8−0.039%$32.3M$7.5M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,108.6−0.046%$7.8M$249K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,116.7+0.334%$499K$241K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,106.7−0.138%$2.3M$701Kas long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,107.6−0.095%$10K$193K10xas long as short
Entropy io:ANTH+0.0079%1h2,152.8+2.048%$35.0M$6.9M6xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,108.4−0.057%$10K$6310xas long as short