Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0573%/8h= +62.7% APRpaid last 24h +0.147%

Price spread now: Entropy against HTX+2.208%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days+0.982%+$98 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Entropy is 2.208% dearer against HTX than usual: you sell high and buy low: +$221 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ANTHROPIC-USDT	2,104.2	−0.0465	get 0.0465% / 8h	2h 30m	$42K	$68K	20x
Short	Entropy io:ANTH	2,150.6	0.0108	get 0.0013% / 1h	30m 15s	$34.9M	$7.7M	6x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against HTX. 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 HTXbpFee EntropybpOrdersPrice spread, now +2.208%Rate

Funding earned: $120.3
Price spread: +2.208% → 0.000%: $220.75
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Entropy: 9 bp × 2 orders: −$18
Net: $311.06
Costs to cover: 0.300%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; Entropy: live order book, 7 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 HTX no order-book sample	—	—	—	—	—
Sell Entropy live order book, 7 min ago	0.23 bp	15.6 bp −$16	doesn't fit	doesn't fit	doesn't fit

HTX: 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-USDTlong	−0.0465%	8h	2,104.2	long leg	$42K	$68K	20x
Coinbase International ANTHROPIC-PERP-INTX	−0.0064%	1h	2,113.5	+0.443%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0006%	1h	2,103.5	−0.031%	$1.4M	$1.2M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.3	+2.954%	$1.9M	$946K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,152.4	+2.294%	$2.3M	$425K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.1	+2.849%	$4.8M	$850K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,151	+2.226%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,102.8	−0.065%	$25.8M	$3.3M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,108	+0.183%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,104.9	+0.036%	$1.6M	$378K	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	2,162.5	+2.773%	$6.3M	$16.1M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,103.1	−0.051%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,103.9	−0.014%	$121K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,103.9	−0.012%	$32.0M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,103.7	−0.019%	$7.8M	$277K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.1	+0.282%	$480K	$21K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,103.6	−0.027%	$2.4M	$704K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,103.2	−0.046%	$10K	$158K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0075%	8h	2,104.8	+0.030%	$271K	$257K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,103.7	−0.020%	$10K	$63	10x	as long as short
Entropy io:ANTHshort	+0.0108%	1h	2,150.6	+2.208%	$34.9M	$7.7M	6x