Funding arb · Price arb / RWA

ANTHROPIC

RWAAll ANTHROPIC markets →

LONGExtended▾Bybit 0.0000%OKX 0.0000%QFEX 0.0000%Gate 0.0000%Deribit 0.0000%Phemex 0.0000%Lighter +0.0048%Lighter RH +0.0048%Extended +0.0048%Kraken Futures +0.0050%Aster +0.0050%Binance +0.0050%MEXC +0.0050%KuCoin +0.0050%Variational Omni +0.0050%GRVT +0.0050%SunX +0.0050%HTX +0.0050%BloFin +0.0058%TxFlow +0.0100%Aevo +0.0104%AZverse +0.0156%Entropy +0.0216%BingX +0.0370%Bitget +0.0412%

⇄⇅

SHORTPhoenix▾Bitget +0.0412%BingX +0.0370%Phoenix +0.0332%Entropy +0.0216%AZverse +0.0156%Aevo +0.0104%TxFlow +0.0100%BloFin +0.0058%Aster +0.0050%Binance +0.0050%MEXC +0.0050%KuCoin +0.0050%Variational Omni +0.0050%GRVT +0.0050%SunX +0.0050%HTX +0.0050%Kraken Futures +0.0050%Lighter +0.0048%Lighter RH +0.0048%Bybit 0.0000%OKX 0.0000%QFEX 0.0000%Gate 0.0000%Deribit 0.0000%Phemex 0.0000%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ExtendedANTHROP-USD	1,892.5	+0.0048	pay 0.0006% / 1h	44m 30s	$35K	$226K	10x	Long Extended10% off
SHORT	PhoenixANTHROPIC	1,934.8	+0.0332	get 0.0041% / 1h	44m 30s	$1.1M	$44K	6x	Short Phoenix

Price gap+2.235%79s

Funding gap+0.0284% /8h

Both sides work: funding pays +$9 a day on $10k, and the gap is 0.223% above its 7d average: +$22 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.092% in total, about −0.0044%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+2.235%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

ExtendedPhoenix

ANTHROPIC on 26 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

• !
  Watch: Thin at this size13.7 / 43.8 bp

  At $10k entering Phoenix costs 43.8 bp, fee and slippage, 3.2× Extended’s.
• i
  Note: Margin at max leverage$1,000 + $1,667

  Extended 10x, Phoenix 6x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Extended · 1h−$1.44

  Short Phoenix · 1h+$9.95

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$8.51Long Extended: 24 payments, −$1.44; short Phoenix: 24 payments, +$9.95.
• !
  Watch: Prices read 79 s apart+2.235% vs +2.012%

  Part of this gap may be the market moving.
• !
  Watch: Long leg is thinner$35K vs $1.1M OI

  Extended sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legExtended points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legExtended No · Phoenix No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0044%/8h × 21 periods−$9.25

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$102.95

Fee Extended bp × 2 orders−$5.00

Fee Phoenix bp × 2 orders−$7.00

Net · 7 days · $10k−$124.20

price spread not counted: prices read too far apart

Costs to cover1.150%Break-evennever at this rate

Slippage: Extended: live order book, 13 min ago; Phoenix: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGExtended1.8513.7 bp−$1496.8 bp−$968doesn’t fitdoesn’t fit

SELL · SHORTPhoenix3.1043.8 bp−$44279.0 bp−$2,790doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

ANTHROPIC news

posts that mention ANTHROPIC or Anthropic, from every exchangeSearch all news →

10-25 07:00	MEXC	Other	Everyone wants a slice. When Anthropic goes public, who deserves the biggest piece of the pie? 🥧 Drop your split below. 👇 @MEXC on X ↗
10-25 07:00	MEXC	Other	Our Anthropic Pre-IPO Launchpad is coming. Complete missions first for a chance to win ANTHROPIC(PRE), an NVIDIA H200 GPU, and more! Win now. 👉 @MEXC on X ↗
10-24 20:00	Kalshi	Other	BREAKING: Anthropic's highest ranking executives have pledged to give away 80% of their personal wealth @Kalshi on X ↗
10-24 19:20	Kalshi	Other	JUST IN: UK partners with OpenAI, Anthropic, and Google to launch AI lab focused on preventing biological threats @Kalshi on X ↗
10-23 22:30	Markets by Kinetiq	Other	OpenAI's pre-IPO price is down 10% this month while Anthropic's is down 7%. China's Moonshot says its Kimi K3.1 Pro matches Claude Opus 5.5 on Terminal-Bench for about a third of the cost. @Markets_xyz on X ↗
10-23 13:00	MEXC	Other	Get ready for our Anthropic Pre-IPO Launchpad. 👀 Complete missions and enter our lucky draw to win exclusive rewards! Prizes include ANTHROPIC(PRE), NVIDIA H200 GPU, and more! Be part of the Pre-IPO hype and get in on the action now. 👉 @MEXC on X ↗