Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0123%/8h= −13.4% APRpaid last 24h −0.035%

Price spread now: Bitget against Entropy−2.235%7-day average −3.560% · you buy dearer than you sell

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

Long on Entropy Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.358%−$36 on $10k

Price spread, last 7 days−1.852%−$185 · spread now −2.235%, 7d avg −3.560%

Together, before fees−2.210%−$221 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 1.325% dearer against Entropy than usual: you sell high and buy low (spread −2.235% now, against its 7-day average of −3.560%): +$132 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 36 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:ANTH	2,156.8	0.0123	pay 0.0015% / 1h	9m 06s	$35.1M	$6.7M	6x
Short	Bitget ANTHROPICUSDT	2,108.6	0	get 0.0000% / 8h	4h 09m	$26.0M	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Entropy. 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 EntropybpFee BitgetbpOrdersPrice spread, now −2.235%Rate

Funding earned: −$25.76
Price spread: −2.235% → −3.560%: $132.49
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: $76.73
Costs to cover: 0.300%
Break-even: from the start

Slippage unknown: Entropy: live order book, 1 min ago; Bitget: live order book, 3 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 Entropy live order book, 1 min ago	0.69 bp	15.7 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	1.14 bp	13.9 bp −$14	37.6 bp −$376	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	−0.0393%	8h	2,111.5	−2.102%	$42K	$70K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0001%	1h	2,110.4	−2.153%	$1.4M	$1.0M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,171.1	+0.663%	$1.9M	$825K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,152.3	−0.207%	$2.3M	$360K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,169.1	+0.570%	$4.8M	$647K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,157.5	+0.031%	$2.5M	$997K	50x	as long as short
Bitget ANTHROPICUSDTshort	0.0000%	8h	2,108.6	−2.235%	$26.0M	$3.0M	20x
SunX ANTHROPIC-USDT	0.0000%	8h	2,115	−1.938%	—	$1.6M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,111.4	−2.104%	$1.6M	$342K	10x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,166.2	+0.436%	$6.3M	$17.1M	5x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International ANTHROPIC-PERP-INTX	+0.0040%	1h	2,121.3	−1.645%	$268K	$22K	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,110.1	−2.167%	$10K	$11K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,110.8	−2.131%	$122K	$7K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,110.8	−2.133%	$32.3M	$7.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,110.7	−2.138%	$7.7M	$244K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,121.3	−1.648%	$501K	$303K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,110.3	−2.154%	$2.3M	$680K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,110.7	−2.140%	$10K	$198K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0078%	8h	2,110.8	−2.133%	$274K	$245K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,110.2	−2.161%	$10K	$63	10x	as long as short
Entropy io:ANTHlong	+0.0123%	1h	2,156.8	long leg	$35.1M	$6.7M	6x