Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against Bybit−2.049%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Aevo

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

Funding pays, the price is against you. Aevo is 2.049% cheaper against Bybit than usual: you would sell low and buy high (spread −2.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$205 on $10k: about 2 months of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ANTHROPICUSDT	2,150.9	0	get 0.0000% / 8h	1h 06m	$2.3M	$376K	25x
Short	Aevo ANTHROPIC-PERP	2,106.8	0.0104	get 0.0013% / 1h	6m 11s	$10K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −2.049%Rate

Funding earned: $21.84
Price spread: −2.049% → 0.000%: −$204.9
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$210.06
Costs to cover: 0.270%
Break-even: 74.3 days

Slippage unknown: Bybit: live order book, 6 min ago; Aevo: no order-book sample. 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 Bybit live order book, 6 min ago	13.20 bp	28.6 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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	−0.0336%	1h	2,119.1	−1.479%	$267K	$26K	5x	as long as short
HTX ANTHROPIC-USDT	−0.0263%	8h	2,106.9	−2.048%	$42K	$70K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,106.6	−2.060%	$1.4M	$1.5M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,174.1	+1.079%	$1.9M	$712K	5x	as long as short
Bybit ANTHROPICUSDTlong	0.0000%	8h	2,150.9	long leg	$2.3M	$376K	25x
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166.2	+0.712%	$4.8M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,154.2	+0.153%	$2.4M	$1.2M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,103.2	−2.215%	$25.8M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,110.7	−1.869%	—	$2.6M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,106.7	−2.054%	$1.6M	$373K	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	2,172.4	+1.000%	$6.2M	$17.5M	5x	as long as short
BloFin ANTHROPIC-USDT	+0.0047%	8h	2,106.5	−2.062%	$267K	$260K	20x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,106.1	−2.082%	$19K	$38K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,106.6	−2.061%	$123K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,106.5	−2.062%	$31.8M	$8.0M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,106.6	−2.057%	$7.8M	$280K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,111.5	−1.833%	$475K	$18K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.4	−2.069%	$2.3M	$504K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,105.2	−2.124%	$11K	$158K	10x	as long as short
Aevo ANTHROPIC-PERPshort	+0.0104%	1h	2,106.8	−2.049%	$10K	—	10x
Entropy io:ANTH	+0.0109%	1h	2,161.6	+0.498%	$35.1M	$7.6M	6x	as long as short