Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.005%

Price spread now: Lighter RH against MEXC+2.703%7-day average +3.711% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$110.112% of the position

Long on MEXC Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 7 days+0.876%+$88 · spread now +2.703%, 7d avg +3.711%

Together, before fees+0.838%+ Points / potential airdropLighter RH: Points live · farm board+$84 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 1.009% cheaper against MEXC than usual: you would sell low and buy high (−$101 if the spread goes back to its 7-day average of +3.711%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ANTHROPIC_USDT	2,107.6	0.0050	pay 0.0050% / 8h	7h 36m	$7.8M	$271K	50x
Short	Lighter RH ANTHROPIC	2,164.6	0.0032	get 0.0004% / 1h	36m 13s	$6.4M	$16.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against MEXC. 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 MEXCbpFee Lighter RHbpOrdersPrice spread, now +2.703%Rate

Funding earned: −$3.78
Price spread: +2.703% → +3.711%: −$100.89
Slippage, 4 orders: −$11.23
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$115.9
Costs to cover: 0.112%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Lighter RH: live order book, 3 min ago.

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, 2 min ago	1.47 bp	4.3 bp −$4	33.4 bp −$334	402.0 bp −$40.2K	doesn't fit
Sell Lighter RH live order book, 3 min ago	0.23 bp	3.6 bp −$4	14.9 bp −$149	118.8 bp −$11.9K	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	−0.0342%	8h	2,108.4	+0.035%	$42K	$69K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,107.6	−0.003%	$1.4M	$1.1M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,169.8	+2.949%	$1.8M	$870K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,153.9	+2.195%	$2.3M	$423K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,165	+2.722%	$4.8M	$842K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,153.9	+2.196%	$2.4M	$1.0M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,105.8	−0.088%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,112.2	+0.216%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,108	+0.015%	$1.6M	$381K	10x	as long as short
Lighter RH ANTHROPICshort	+0.0032%	1h	2,164.6	+2.703%	$6.4M	$16.4M	5x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ANTHROPIC-USDT	+0.0036%	8h	2,108	+0.017%	$271K	$260K	20x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,107	−0.030%	$19K	$3K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.9	+0.012%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.6	−0.003%	$32.1M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDTlong	+0.0050%	8h	2,107.6	long leg	$7.8M	$271K	50x
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,114.4	+0.319%	$499K	$71K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,107.3	−0.014%	$2.3M	$649K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106.5	−0.056%	$10K	$171K	10x	as long as short
Entropy io:ANTH	+0.0101%	1h	2,153.2	+2.162%	$35.1M	$7.5M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.2	−0.019%	$10K	$63	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0104%	1h	2,117.9	+0.489%	$267K	$28K	5x	as long as short