Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.041%

Price spread now: SunX against Coinbase International−0.354%7-day average −0.454% · you buy dearer than you sell

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

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−2.413%−$241 · spread now −0.354%, 7d avg −0.454%

Together, before fees−2.446%−$245 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SunX is 0.099% dearer against Coinbase International than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.454%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ANTHROPIC-PERP-INTX	2,121.3	−0.0024	get 0.0003% / 1h	27m 34s	$268K	$26K	5x
Short	SunX ANTHROPIC-USDT	2,113.8	0	get 0.0000% / 8h	5h 27m	—	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Coinbase International. 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 Coinbase InternationalbpFee SunXbpOrdersPrice spread, now −0.354%Rate

Funding earned: $5.04
Price spread: −0.354% → −0.454%: $9.94
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$3.02
Costs to cover: 0.180%
Break-even: 11.2 days

Slippage unknown: Coinbase International: live order book, 18 min ago; SunX: live order book, 2 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 Coinbase International live order book, 18 min ago	17.19 bp	41.3 bp −$41	60.0 bp −$600	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	496.52 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	−0.0380%	8h	2,110.5	−0.511%	$42K	$69K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTXlong	−0.0024%	1h	2,121.3	long leg	$268K	$26K	5x
QFEX ANTHROPIC-USD	−0.0004%	1h	2,109.9	−0.537%	$1.4M	$1.0M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,168.8	+2.238%	$1.9M	$842K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,151.9	+1.440%	$2.3M	$377K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,167.2	+2.163%	$4.8M	$677K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,156.4	+1.651%	$2.5M	$991K	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,109	−0.583%	$26.0M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDTshort	0.0000%	8h	2,113.8	−0.354%	—	$1.7M	10x
Phemex ANTHROPICUSDT	0.0000%	8h	2,110.1	−0.528%	$1.6M	$354K	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	2,163.6	+1.993%	$6.2M	$16.7M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,109.7	−0.548%	$10K	$11K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,109.9	−0.537%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,110.4	−0.515%	$32.2M	$7.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,110.3	−0.522%	$7.8M	$246K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,118.2	−0.145%	$499K	$217K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,109.8	−0.544%	$2.3M	$672K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,110.3	−0.520%	$10K	$189K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0074%	8h	2,110.6	−0.507%	$274K	$247K	20x	as long as short
Entropy io:ANTH	+0.0097%	1h	2,154.8	+1.578%	$35.1M	$7.0M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,110.7	−0.502%	$10K	$63	10x	as long as short