Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against Extended+2.143%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Bybit

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

The price spread pays, funding is against you. Bybit is 2.143% dearer against Extended than usual: you sell high and buy low (spread +2.143% now, against zero (this spread has no 7-day history yet)): +$214 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ANTHROP-USD	2,106.4	0.0048	pay 0.0006% / 1h	24m 10s	$19K	$38K	10x
Short	Bybit ANTHROPICUSDT	2,151.6	0	get 0.0000% / 8h	24m 10s	$2.3M	$376K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +2.143%Rate

Funding earned: −$10.08
Price spread: +2.143% → 0.000%: $214.32
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $188.24
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Extended: no order-book sample; Bybit: 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 Extended no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	12.85 bp	35.5 bp −$35	147.7 bp −$1,477	doesn't fit	doesn't fit

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
Coinbase International ANTHROPIC-PERP-INTX	−0.0376%	1h	2,119.1	+0.600%	$267K	$26K	5x	as long as short
HTX ANTHROPIC-USDT	−0.0281%	8h	2,109	+0.121%	$42K	$70K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,106.9	+0.022%	$1.4M	$1.5M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,173.1	+3.165%	$1.9M	$710K	5x	as long as short
Bybit ANTHROPICUSDTshort	0.0000%	8h	2,151.6	+2.143%	$2.3M	$376K	25x
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,168.1	+2.928%	$4.8M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,154.8	+2.297%	$2.4M	$1.2M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,103.4	−0.143%	$25.8M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,110.9	+0.212%	—	$2.6M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,107.7	+0.060%	$1.6M	$375K	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	2,172.1	+3.118%	$6.3M	$17.1M	5x	as long as short
Extended ANTHROP-USDlong	+0.0048%	1h	2,106.4	long leg	$19K	$38K	10x
Aster ANTHROPICUSDT	+0.0050%	8h	2,106.9	+0.021%	$123K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,106.9	+0.021%	$31.9M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107	+0.027%	$7.8M	$278K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,122.2	+0.750%	$479K	$21K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.7	+0.014%	$2.3M	$515K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.4	+0.048%	$10K	$158K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0070%	8h	2,107.4	+0.044%	$268K	$259K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.5	+0.049%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0109%	1h	2,160.9	+2.586%	$35.1M	$7.6M	6x	as long as short