Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0229%/8h= +25.1% APRpaid last 24h +0.108%

Price spread now: Lighter against HTX+2.876%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 Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.619%+$62 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 2.876% dearer against HTX than usual: you sell high and buy low: +$288 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	2,110.3	−0.0229	get 0.0229% / 8h	7h 26m	$42K	$67K	20x
Short	Lighter ANTHROPIC	2,171	0	get 0.0000% / 1h	26m 13s	$1.9M	$894K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +2.876%Rate

Funding earned: $48.16
Price spread: +2.876% → 0.000%: $287.59
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $323.74
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; Lighter: live order book, 5 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 Lighter live order book, 5 min ago	6.45 bp	61.4 bp −$61	125.6 bp −$1,256	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	−0.0229%	8h	2,110.3	long leg	$42K	$67K	20x
Coinbase International ANTHROPIC-PERP-INTX	−0.0080%	1h	2,123.7	+0.635%	$267K	$26K	5x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,109.7	−0.027%	$1.4M	$1.5M	10x	as long as short
Lighter ANTHROPICshort	0.0000%	1h	2,171	+2.876%	$1.9M	$894K	5x
Bybit ANTHROPICUSDT	0.0000%	8h	2,158.7	+2.295%	$2.4M	$380K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,173.2	+2.980%	$4.8M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,158.6	+2.286%	$2.5M	$1.2M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,107.9	−0.114%	$25.9M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,113.5	+0.151%	—	$2.6M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,110.4	+0.002%	$1.6M	$381K	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	2,174.3	+3.032%	$6.3M	$16.8M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,109.5	−0.036%	$19K	$38K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,110.1	−0.010%	$122K	$7K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,110	−0.014%	$32.0M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,110	−0.014%	$7.8M	$277K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,120	+0.457%	$478K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,109.7	−0.028%	$2.4M	$664K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,111.2	+0.043%	$10K	$153K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0071%	8h	2,110	−0.014%	$268K	$258K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,109.6	−0.032%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0118%	1h	2,165.5	+2.615%	$35.2M	$7.7M	6x	as long as short