Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.016%

Price spread now: Aevo against KuCoin−0.335%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.335% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.335% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 21 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ANTHROPICUSDTM	2,111	0.0050	pay 0.0050% / 8h	3h 17m	$477K	$20K	20x
Short	Aevo ANTHROPIC-PERP	2,103.9	0.0104	get 0.0013% / 1h	17m 04s	$10K	$63	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now −0.335%Rate

Funding earned: $11.34
Price spread: −0.335% → 0.000%: −$33.55
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$50.21
Costs to cover: 0.280%
Break-even: 38.0 days

Slippage unknown: KuCoin: live order book, 56 min ago; Aevo: 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 KuCoin live order book, 56 min ago	12.94 bp	463.3 bp −$463	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.0464%	8h	2,104.5	−0.308%	$42K	$67K	20x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,167	+2.653%	$1.8M	$952K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150.6	+1.877%	$2.4M	$351K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.4	+2.530%	$4.8M	$881K	10x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,103.8	−0.341%	$1.4M	$1.2M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,152.9	+1.985%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,103.6	−0.350%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,108.5	−0.118%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,104.3	−0.318%	$1.6M	$376K	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0008%	1h	2,123.7	+0.603%	$267K	$25K	5x	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	2,163.3	+2.478%	$6.3M	$16.1M	5x	as long as short
BloFin ANTHROPIC-USDT	+0.0036%	8h	2,104.1	−0.326%	$269K	$256K	20x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,103.3	−0.367%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,103.8	−0.340%	$121K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,103.9	−0.338%	$32.0M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,104.1	−0.325%	$7.8M	$277K	50x	as long as short
KuCoin ANTHROPICUSDTMlong	+0.0050%	8h	2,111	long leg	$477K	$20K	20x
Variational Omni ANTHROPIC	+0.0050%	8h	2,102.3	−0.412%	$2.4M	$675K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,103.5	−0.353%	$10K	$156K	10x	as long as short
Entropy io:ANTH	+0.0089%	1h	2,150.7	+1.881%	$34.8M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERPshort	+0.0104%	1h	2,103.9	−0.335%	$10K	$63	10x