Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bitget+0.273%50s7-day average +0.034% · you sell dearer than you buy

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

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−1.558%−$156 · spread now +0.273%, 7d avg +0.034%

Together, before fees−1.558%−$156 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.239% dearer against Bitget than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.034%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ANTHROPICUSDT	2,107.9	0	get 0.0000% / 8h	5h 51m	$26.0M	$3.0M	20x
Short	SunX ANTHROPIC-USDT	2,113.6	0	get 0.0000% / 8h	5h 51m	—	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now +0.273%Rate

Funding earned: $0
Price spread: +0.273% → +0.034%: $23.93
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: $3.93
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Bitget: live order book, 5 min ago; SunX: 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 Bitget live order book, 5 min ago	0.95 bp	9.6 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	497.02 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	−0.0378%	8h	2,110.4	+0.120%	$42K	$68K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0024%	1h	2,117.9	+0.479%	$267K	$26K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,109.7	+0.085%	$1.4M	$1.0M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,169.6	+2.930%	$1.9M	$829K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,152.7	+2.127%	$2.3M	$381K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,167.6	+2.835%	$4.8M	$687K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,157	+2.333%	$2.5M	$978K	50x	as long as short
Bitget ANTHROPICUSDTlong	0.0000%	8h	2,107.9	long leg	$26.0M	$3.0M	20x
SunX ANTHROPIC-USDTshort	0.0000%	8h	2,113.6	+0.273%	—	$1.7M	10x
Phemex ANTHROPICUSDT	0.0000%	8h	2,110.2	+0.111%	$1.6M	$357K	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,164.3	+2.678%	$6.2M	$16.3M	5x	as long as short
BloFin ANTHROPIC-USDT	+0.0042%	8h	2,109.5	+0.080%	$273K	$247K	20x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,109	+0.055%	$10K	$11K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,109.5	+0.078%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,109.7	+0.088%	$32.2M	$7.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,109.8	+0.091%	$7.8M	$245K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,117.4	+0.452%	$500K	$190K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,109.1	+0.058%	$2.3M	$639K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,109.2	+0.066%	$10K	$186K	10x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,109.5	+0.076%	$10K	$63	10x	as long as short
Entropy io:ANTH	+0.0104%	1h	2,155	+2.237%	$35.1M	$7.0M	6x	as long as short