Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against OKX−2.841%60s7-day average — · you buy dearer than you sell

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

Long on OKX 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 2.841% cheaper against OKX than usual: you would sell low and buy high (spread −2.841% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$284 on $10k: about 3 months of funding at the current rate (+$3 a day). The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ANTHROPIC-USDT-SWAP	2,164	0	get 0.0000% / 8h	5h 29m	$4.8M	$902K	10x
Short	Aevo ANTHROPIC-PERP	2,102.5	0.0104	get 0.0013% / 1h	29m 29s	$10K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now −2.841%Rate

Funding earned: $21.84
Price spread: −2.841% → 0.000%: −$284.12
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$288.28
Costs to cover: 0.260%
Break-even: 99.4 days

Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago	0.23 bp	11.4 bp −$11	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	−0.0400%	8h	2,103	−2.818%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0144%	1h	2,123.7	−1.862%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,102.4	−2.848%	$1.4M	$1.3M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,164.5	+0.023%	$1.9M	$890K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150	−0.647%	$2.4M	$357K	25x	as long as short
OKX ANTHROPIC-USDT-SWAPlong	0.0000%	8h	2,164	long leg	$4.8M	$902K	10x
Gate ANTHROPIC_USDT	0.0000%	8h	2,150.7	−0.615%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,101.1	−2.907%	$25.7M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,106.5	−2.657%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,102.6	−2.835%	$1.5M	$373K	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	2,166.3	+0.106%	$6.3M	$16.1M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,101.8	−2.876%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,102.7	−2.834%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,102.4	−2.848%	$31.9M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,102.3	−2.851%	$7.8M	$277K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,114.6	−2.281%	$478K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,101.9	−2.867%	$2.4M	$679K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,101.9	−2.870%	$10K	$148K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0062%	8h	2,103.1	−2.816%	$270K	$255K	20x	as long as short
Entropy io:ANTH	+0.0093%	1h	2,158.2	−0.268%	$35.1M	$7.5M	6x	as long as short
Aevo ANTHROPIC-PERPshort	+0.0104%	1h	2,102.5	−2.841%	$10K	—	10x