Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against GRVT−0.057%7-day average −0.006% · you buy dearer than you sell

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

Long on GRVT Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.085%+$8 · spread now −0.057%, 7d avg −0.006%

Together, before fees+0.085%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.051% cheaper against GRVT than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ANTHROPIC_USDT_Perp	2,108.3	0.0050	pay 0.0050% / 8h	1h 03m	$10K	$166K	10x
Short	Variational Omni ANTHROPIC	2,107.1	0.0050	get 0.0050% / 8h	1h 03m	$2.3M	$653K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against GRVT. 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 GRVTbpFee Variational OmnibpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → −0.006%: −$5.1
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.1
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 34 min ago; Variational Omni: RFQ quote, 1 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 GRVT live order book, 34 min ago	1.90 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.80 bp	doesn't fit	39.5 bp −$395	doesn't fit	doesn't fit

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	−0.0433%	8h	2,108.4	+0.005%	$42K	$69K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0080%	1h	2,120.7	+0.586%	$267K	$25K	5x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,168.2	+2.839%	$1.9M	$904K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,155.1	+2.216%	$2.3M	$422K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,165.7	+2.721%	$4.8M	$853K	10x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,107.4	−0.045%	$1.4M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,153.5	+2.144%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,105.2	−0.149%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,111.2	+0.136%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,108.6	+0.010%	$1.6M	$384K	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	2,164.8	+2.678%	$6.4M	$16.7M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,106.9	−0.066%	$19K	$22K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0049%	8h	2,108	−0.018%	$270K	$259K	20x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.6	−0.037%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.5	−0.038%	$32.1M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,108.3	−0.001%	$7.8M	$275K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,112	+0.175%	$499K	$25K	20x	as long as short
Variational Omni ANTHROPICshort	+0.0050%	8h	2,107.1	−0.057%	$2.3M	$653K	—
GRVT ANTHROPIC_USDT_Perplong	+0.0050%	8h	2,108.3	long leg	$10K	$166K	10x
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,108	−0.015%	$10K	$63	10x	as long as short
Entropy io:ANTH	+0.0106%	1h	2,154	+2.166%	$35.0M	$7.6M	6x	as long as short