Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%

Price spread now: Extended against Gate−2.250%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Extended

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

Funding pays, the price is against you. Extended is 2.250% cheaper against Gate than usual: you would sell low and buy high (spread −2.250% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$225 on $10k: about 5 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ANTHROPIC_USDT	2,155.4	0	get 0.0000% / 8h	6h 47m	$2.4M	$1.1M	50x
Short	Extended ANTHROP-USD	2,106.8	0.0048	get 0.0006% / 1h	47m 10s	$19K	$38K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now −2.250%Rate

Funding earned: $10.08
Price spread: −2.250% → 0.000%: −$225.02
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$234.94
Costs to cover: 0.200%
Break-even: 170.2 days

Slippage unknown: Gate: live order book, 6 min ago; Extended: 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 Gate live order book, 6 min ago	16.61 bp	101.1 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

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	−0.0303%	8h	2,107.7	−2.213%	$42K	$67K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,107.3	−2.229%	$1.4M	$1.4M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,169.7	+0.666%	$1.9M	$909K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,154.9	−0.021%	$2.4M	$377K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,168.3	+0.601%	$4.8M	$1.0M	10x	as long as short
Gate ANTHROPIC_USDTlong	0.0000%	8h	2,155.4	long leg	$2.4M	$1.1M	50x
Bitget ANTHROPICUSDT	0.0000%	8h	2,104.3	−2.369%	$25.8M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,107.5	−2.220%	—	$2.6M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,107.9	−2.203%	$1.6M	$374K	10x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,171.5	+0.749%	$6.3M	$16.3M	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-USDshort	+0.0048%	1h	2,106.8	−2.250%	$19K	$38K	10x
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.5	−2.221%	$122K	$7K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.4	−2.226%	$32.0M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.4	−2.226%	$7.8M	$276K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,118.9	−1.691%	$478K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,107.6	−2.215%	$2.4M	$669K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.1	−2.237%	$10K	$149K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0058%	8h	2,107.4	−2.226%	$270K	$257K	20x	as long as short
Entropy io:ANTH	+0.0078%	1h	2,165	+0.448%	$35.2M	$7.7M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.3	−2.230%	$10K	—	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0104%	1h	2,123.7	−1.468%	$267K	$26K	5x	as long as short