Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.001%

Price spread now: Extended against MEXC−0.032%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.032% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it 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	MEXC ANTHROPIC_USDT	2,104.3	0.0050	pay 0.0050% / 8h	6h 16m	$7.8M	$278K	50x
Short	Extended ANTHROP-USD	2,103.7	0.0048	get 0.0006% / 1h	16m 30s	$19K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. 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 MEXCbpFee ExtendedbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$0.42
Price spread: −0.032% → 0.000%: −$3.22
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$8.64
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; Extended: 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 MEXC live order book, 1 min ago	0.81 bp	2.5 bp −$3	53.2 bp −$532	316.6 bp −$31.7K	923.2 bp −$461.6K
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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 20 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	−0.0341%	8h	2,105.8	+0.068%	$42K	$67K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,104.3	−0.004%	$1.4M	$1.4M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,167.6	+3.006%	$1.9M	$915K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,151	+2.216%	$2.4M	$363K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166.7	+2.963%	$4.8M	$975K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,151.8	+2.257%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,102.5	−0.086%	$25.8M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,107.6	+0.155%	—	$2.5M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,103.3	−0.051%	$1.6M	$374K	10x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,169.2	+3.082%	$6.3M	$16.5M	5x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ANTHROP-USDshort	+0.0048%	1h	2,103.7	−0.032%	$19K	$22K	10x
Aster ANTHROPICUSDT	+0.0050%	8h	2,104.3	0.000%	$122K	$7K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,104.1	−0.010%	$31.9M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDTlong	+0.0050%	8h	2,104.3	long leg	$7.8M	$278K	50x
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,115.9	+0.548%	$478K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,104.6	+0.015%	$2.4M	$669K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,104.9	+0.027%	$10K	$149K	10x	as long as short
Entropy io:ANTH	+0.0081%	1h	2,161.6	+2.721%	$35.2M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,104.2	−0.009%	$10K	—	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0104%	1h	2,123.7	+0.920%	$267K	$26K	5x	as long as short