Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%

Price spread now: Phemex against Extended+0.059%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 Phemex

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. Phemex is 0.059% dearer against Extended than usual: you sell high and buy low (spread +0.059% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ANTHROP-USD	2,107.9	0.0048	pay 0.0006% / 1h	35m 54s	$19K	$5K	10x
Short	Phemex ANTHROPICUSDT	2,109.1	0	get 0.0000% / 8h	35m 54s	$1.6M	$383K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$10.08
Price spread: +0.059% → 0.000%: $5.87
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$21.21
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Phemex: 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 Extended no order-book sample	—	—	—	—	—
Sell Phemex live order book, 2 min ago	3.98 bp	doesn't fit	doesn't fit	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
HTX ANTHROPIC-USDT	−0.0428%	8h	2,109.1	+0.061%	$42K	$69K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,108.1	+0.011%	$1.4M	$1.1M	10x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,153.9	+2.182%	$2.3M	$422K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,165.2	+2.721%	$4.8M	$852K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,154.3	+2.205%	$2.4M	$1.0M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,105.4	−0.115%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,112.2	+0.206%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDTshort	0.0000%	8h	2,109.1	+0.059%	$1.6M	$383K	10x
Lighter ANTHROPIC	+0.0008%	1h	2,172.4	+3.062%	$1.9M	$877K	5x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,170.1	+2.953%	$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-USDlong	+0.0048%	1h	2,107.9	long leg	$19K	$5K	10x
Aster ANTHROPICUSDT	+0.0050%	8h	2,108.4	+0.026%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,108.4	+0.027%	$32.1M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,108.3	+0.020%	$7.8M	$270K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,112	+0.198%	$499K	$25K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,107.9	+0.001%	$2.3M	$655K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,108.1	+0.011%	$10K	$167K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0062%	8h	2,108	+0.008%	$270K	$258K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.9	+0.003%	$10K	$63	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0128%	1h	2,120.7	+0.610%	$267K	$25K	5x	as long as short
Entropy io:ANTH	+0.0137%	1h	2,156.6	+2.313%	$35.0M	$7.5M	6x	as long as short