Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0522%/8h= −57.1% APRpaid last 24h −0.146%

Price spread now: HTX against Entropy−2.041%7-day average — · you buy dearer than you sell

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

Long on Entropy Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.981%−$98 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and HTX is 2.041% cheaper against Entropy than usual: you would sell low and buy high (−$204 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:ANTH	2,152.3	0.0088	pay 0.0011% / 1h	52m 56s	$34.9M	$7.5M	6x
Short	HTX ANTHROPIC-USDT	2,108.4	−0.0434	pay 0.0434% / 8h	1h 52m	$42K	$68K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Entropy. 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 EntropybpFee HTXbpOrdersPrice spread, now −2.041%Rate

Funding earned: −$109.57
Price spread: −2.041% → 0.000%: −$204.11
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$343.67
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: Entropy: live order book, 3 min ago; HTX: 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 Entropy live order book, 3 min ago	0.70 bp	15.2 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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-USDTshort	−0.0434%	8h	2,108.4	−2.041%	$42K	$68K	20x
Coinbase International ANTHROPIC-PERP-INTX	−0.0080%	1h	2,120.7	−1.468%	$267K	$25K	5x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.8	+0.674%	$1.8M	$900K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,152.7	+0.017%	$2.3M	$424K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,165.3	+0.604%	$4.8M	$847K	10x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,107.5	−2.081%	$1.4M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,154.1	+0.084%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,106	−2.153%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,111.7	−1.886%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,108.5	−2.035%	$1.6M	$381K	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	2,163	+0.497%	$6.3M	$16.0M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,106.9	−2.109%	$19K	$22K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0049%	8h	2,108.3	−2.046%	$270K	$258K	20x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.5	−2.080%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.5	−2.081%	$32.1M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.6	−2.077%	$7.8M	$272K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	−1.931%	$498K	$25K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,107.6	−2.078%	$2.4M	$619K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,108	−2.056%	$10K	$163K	10x	as long as short
Entropy io:ANTHlong	+0.0088%	1h	2,152.3	long leg	$34.9M	$7.5M	6x
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,108.2	−2.051%	$10K	$63	10x	as long as short