Settings8H · net · $10k
Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.036%
Price spread now: Coinbase International against GRVT+0.500%76s7-day average +0.350% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$870.875% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.075%−$8 on $10k
Price spread, last 4 days (all we have)+0.780%+$78 · spread now +0.500%, 7d avg +0.350%
Together, before fees+0.705%+ Points / potential airdropGRVT: Active · farm board+$70 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.150% dearer against GRVT than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.350%. Mind the row above: over the last 7 days funding on this pair cost −0.075%, so the current rate has only just turned in your favour. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT ANTHROPIC_USDT_Perp2,107.40.0050pay 0.0050% / 8h7h 21m$10K$173K10x
ShortCoinbase International ANTHROPIC-PERP-INTX2,117.90.0104get 0.0013% / 1h21m 58s$267K$28K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against GRVT. 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

Funding earned
$11.34
Price spread: +0.500% → +0.350%
$15.01
Slippage, 4 orders
−$68.45
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$61.1
Costs to cover
0.875%
Break-even
44.7 days
Slippage from GRVT: live order book, 6 min ago; Coinbase International: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 6 min ago2.35 bp9.8 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 11 min ago23.09 bp28.1 bp −$2848.8 bp −$488doesn't fitdoesn't fit

ANTHROPIC on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ANTHROPIC-USDT−0.0388%8h2,110+0.122%$42K$69K20xas long as short
QFEX ANTHROPIC-USD−0.0004%1h2,108.9+0.073%$1.4M$1.1M10xas long as short
Lighter ANTHROPIC0.0000%1h2,168.7+2.908%$1.9M$878K5xas long as short
Bybit ANTHROPICUSDT0.0000%8h2,151.1+2.075%$2.3M$423K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,166.4+2.799%$4.8M$821K10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,155.8+2.296%$2.4M$1.0M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,107.3−0.008%$26.0M$3.2M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,113.4+0.284%$2.3M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,110.1+0.127%$1.6M$381K10xas long as short
Lighter RH ANTHROPIC+0.0032%1h2,164.6+2.714%$6.4M$16.5M5xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended ANTHROP-USD+0.0048%1h2,108.9+0.070%$19K$3K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,109.4+0.096%$122K$6K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,109.4+0.095%$32.1M$8.2M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,109.2+0.087%$7.8M$272K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,115.5+0.383%$500K$87K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,108.1+0.035%$2.3M$650Kas long as short
GRVT ANTHROPIC_USDT_Perplong+0.0050%8h2,107.4long leg$10K$173K10x
BloFin ANTHROPIC-USDT+0.0069%8h2,108.5+0.052%$272K$260K20xas long as short
Entropy io:ANTH+0.0097%1h2,152.5+2.140%$35.0M$7.4M6xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,108.8+0.065%$10K$6310xas long as short
Coinbase International ANTHROPIC-PERP-INTXshort+0.0104%1h2,117.9+0.500%$267K$28K5x