Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0075%/8h= −8.3% APRpaid last 24h −0.020%

Price spread now: BloFin against Entropy−2.253%7-day average −2.758% · you buy dearer than you sell

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

Long on Entropy Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.271%−$27 on $10k

Price spread, last 4 days (all we have)−1.300%−$130 · spread now −2.253%, 7d avg −2.758%

Together, before fees−1.571%−$157 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.505% dearer against Entropy than usual: you sell high and buy low (spread −2.253% now, against its 7-day average of −2.758%): +$50 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 22 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:ANTH	2,156.6	0.0137	pay 0.0017% / 1h	36m 03s	$35.0M	$7.5M	6x
Short	BloFin ANTHROPIC-USDT	2,108	0.0062	get 0.0062% / 8h	36m 03s	$270K	$258K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −2.253%Rate

Funding earned: −$15.85
Price spread: −2.253% → −2.758%: $50.46
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: $4.61
Costs to cover: 0.300%
Break-even: from the start

Slippage unknown: Entropy: live order book, 1 min ago; BloFin: live order book, 36 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	0.23 bp	15.1 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 36 min ago	1.21 bp	10.5 bp −$10	doesn't fit	doesn't fit	doesn't fit

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	−0.0428%	8h	2,109.1	−2.201%	$42K	$69K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,108.1	−2.250%	$1.4M	$1.1M	10x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,153.8	−0.130%	$2.3M	$422K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,165.2	+0.399%	$4.8M	$852K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,154	−0.119%	$2.4M	$1.0M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,105.4	−2.373%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,112.2	−2.059%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,109.1	−2.203%	$1.6M	$383K	10x	as long as short
Lighter ANTHROPIC	+0.0008%	1h	2,172.4	+0.733%	$1.9M	$877K	5x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,170.1	+0.626%	$6.5M	$16.4M	5x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ANTHROP-USD	+0.0048%	1h	2,107.9	−2.260%	$19K	$5K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,108.4	−2.235%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,108.4	−2.234%	$32.1M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,108.2	−2.242%	$7.8M	$269K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,112	−2.067%	$499K	$25K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,108	−2.253%	$2.3M	$655K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,108.1	−2.249%	$10K	$167K	10x	as long as short
BloFin ANTHROPIC-USDTshort	+0.0062%	8h	2,108	−2.253%	$270K	$258K	20x
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.9	−2.257%	$10K	$63	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0128%	1h	2,120.7	−1.665%	$267K	$25K	5x	as long as short
Entropy io:ANTHlong	+0.0137%	1h	2,156.6	long leg	$35.0M	$7.5M	6x