Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%

Price spread now: Extended against Bybit−2.112%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 Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 2.112% cheaper against Bybit than usual: you would sell low and buy high (spread −2.112% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$211 on $10k: about 5 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ANTHROPICUSDT	2,150	0	get 0.0000% / 8h	3h 46m	$2.4M	$351K	25x
Short	Extended ANTHROP-USD	2,104.6	0.0048	get 0.0006% / 1h	46m 49s	$19K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −2.112%Rate

Funding earned: $10.08
Price spread: −2.112% → 0.000%: −$211.24
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$217.16
Costs to cover: 0.160%
Break-even: 157.8 days

Slippage unknown: Bybit: live order book, 5 min ago; Extended: 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, 5 min ago	11.79 bp	19.4 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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
HTX ANTHROPIC-USDT	−0.0442%	8h	2,105.5	−2.069%	$42K	$67K	20x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166	+0.743%	$1.8M	$944K	5x	as long as short
Bybit ANTHROPICUSDTlong	0.0000%	8h	2,150	long leg	$2.4M	$351K	25x
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.2	+0.660%	$4.8M	$868K	10x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,105.1	−2.091%	$1.4M	$1.2M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,152.7	+0.125%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,103.8	−2.150%	$25.9M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,109.2	−1.899%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,105	−2.096%	$1.6M	$376K	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0008%	1h	2,123.7	−1.224%	$267K	$25K	5x	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	2,161.4	+0.529%	$6.2M	$15.7M	5x	as long as short
Entropy io:ANTH	+0.0039%	1h	2,149.8	−0.010%	$34.8M	$7.6M	6x	as long as short
Extended ANTHROP-USDshort	+0.0048%	1h	2,104.6	−2.112%	$19K	$22K	10x
Aster ANTHROPICUSDT	+0.0050%	8h	2,105	−2.094%	$121K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,105.2	−2.083%	$32.0M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,105.1	−2.089%	$7.8M	$275K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	−1.830%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.3	−2.032%	$2.4M	$689K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106.6	−2.018%	$10K	$153K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0063%	8h	2,104.8	−2.103%	$269K	$256K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,105	−2.096%	$10K	$63	10x	as long as short