Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Phemex against Lighter RH−2.810%7-day average −3.312% · you buy dearer than you sell

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

Long on Lighter RH Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)−1.028%−$103 · spread now −2.810%, 7d avg −3.312%

Together, before fees−1.095%+ Points / potential airdropLighter RH: Points live · farm board−$110 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.502% dearer against Lighter RH than usual: you sell high and buy low (spread −2.810% now, against its 7-day average of −3.312%): +$50 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 52 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ANTHROPIC	2,165.7	0.0032	pay 0.0004% / 1h	1m 21s	$6.2M	$16.2M	5x
Short	Phemex ANTHROPICUSDT	2,104.9	0	get 0.0000% / 8h	5h 01m	$1.6M	$377K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Lighter RH. 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 Lighter RHbpFee PhemexbpOrdersPrice spread, now −2.810%Rate

Funding earned: −$6.72
Price spread: −2.810% → −3.312%: $50.21
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: $31.49
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter RH: live order book, 3 min ago; Phemex: live order book, 2 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 Lighter RH live order book, 3 min ago	0.23 bp	0.2 bp $0	9.9 bp −$99	231.5 bp −$23.2K	doesn't fit
Sell Phemex live order book, 2 min ago	4.11 bp	doesn't fit	doesn't fit	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	−0.0394%	8h	2,104.5	−2.824%	$41K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0144%	1h	2,123.7	−1.939%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,104.5	−2.827%	$1.4M	$1.3M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,164.9	−0.037%	$1.9M	$915K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,149.4	−0.751%	$2.4M	$352K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166	+0.014%	$4.8M	$858K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,153.5	−0.562%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,102.3	−2.929%	$25.7M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,109.2	−2.609%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDTshort	0.0000%	8h	2,104.9	−2.810%	$1.6M	$377K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIClong	+0.0032%	1h	2,165.7	long leg	$6.2M	$16.2M	5x
BloFin ANTHROPIC-USDT	+0.0047%	8h	2,105	−2.802%	$270K	$255K	20x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,104	−2.848%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,105.2	−2.792%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,104.6	−2.823%	$32.0M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,105.1	−2.797%	$7.8M	$279K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	−2.541%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,102.5	−2.918%	$2.4M	$679K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,102.9	−2.899%	$10K	$149K	10x	as long as short
Entropy io:ANTH	+0.0092%	1h	2,155.7	−0.462%	$35.0M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,104.8	−2.811%	$10K	—	10x	as long as short