Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against OKX−2.961%7-day average −2.730% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$520.521% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.337%−$34 · spread now −2.961%, 7d avg −2.730%

Together, before fees−0.337%−$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.230% cheaper against OKX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −2.730%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ANTHROPIC-USDT-SWAP	2,168.5	0	get 0.0000% / 8h	6h 45m	$4.8M	$1.0M	10x
Short	Bitget ANTHROPICUSDT	2,104.3	0	get 0.0000% / 8h	6h 45m	$25.8M	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −2.961%Rate

Funding earned: $0
Price spread: −2.961% → −2.730%: −$23.04
Slippage, 4 orders: −$30.06
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$75.1
Costs to cover: 0.521%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bitget: live order book, 4 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 OKX live order book, 2 min ago	1.38 bp	13.7 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.83 bp	12.3 bp −$12	33.5 bp −$335	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	−0.0316%	8h	2,108.2	−2.783%	$42K	$67K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,107.3	−2.822%	$1.4M	$1.4M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,169.8	+0.060%	$1.9M	$909K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,156.1	−0.573%	$2.4M	$377K	25x	as long as short
OKX ANTHROPIC-USDT-SWAPlong	0.0000%	8h	2,168.5	long leg	$4.8M	$1.0M	10x
Gate ANTHROPIC_USDT	0.0000%	8h	2,156.5	−0.553%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDTshort	0.0000%	8h	2,104.3	−2.961%	$25.8M	$3.0M	20x
SunX ANTHROPIC-USDT	0.0000%	8h	2,111.8	−2.615%	—	$2.6M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,108.8	−2.753%	$1.6M	$374K	10x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,171.3	+0.129%	$6.3M	$16.3M	5x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ANTHROP-USD	+0.0048%	1h	2,107.2	−2.826%	$19K	$38K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.8	−2.797%	$122K	$7K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.8	−2.801%	$32.0M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.5	−2.812%	$7.8M	$276K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,118.9	−2.287%	$478K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,107.1	−2.830%	$2.4M	$669K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.1	−2.830%	$10K	$149K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0058%	8h	2,107.4	−2.819%	$270K	$257K	20x	as long as short
Entropy io:ANTH	+0.0081%	1h	2,164.8	−0.171%	$35.2M	$7.7M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.5	−2.815%	$10K	—	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0104%	1h	2,123.7	−2.065%	$267K	$26K	5x	as long as short