Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h +0.066%

Price spread now: Coinbase International against OKX−2.304%7-day average −2.358% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1011.012% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 3 days (all we have)+0.452%+$45 · spread now −2.304%, 7d avg −2.358%

Together, before fees+0.477%+$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.054% dearer against OKX than usual: you sell high and buy low (spread −2.304% now, against its 7-day average of −2.358%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ANTHROPIC-USDT-SWAP	2,173.8	0	get 0.0000% / 8h	7h 50m	$4.8M	$1.1M	10x
Short	Coinbase International ANTHROPIC-PERP-INTX	2,123.7	−0.0080	pay 0.0010% / 1h	50m 53s	$267K	$26K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −2.304%Rate

Funding earned: −$16.8
Price spread: −2.304% → −2.358%: $5.36
Slippage, 4 orders: −$81.24
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$112.69
Costs to cover: 1.012%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Coinbase International: live order book, 22 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	0.23 bp	15.5 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 22 min ago	23.51 bp	29.0 bp −$29	49.0 bp −$490	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
Coinbase International ANTHROPIC-PERP-INTXshort	−0.0080%	1h	2,123.7	−2.304%	$267K	$26K	5x
QFEX ANTHROPIC-USD	0.0000%	1h	2,112	−2.843%	$1.4M	$1.5M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,170.7	−0.143%	$1.9M	$893K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,159	−0.683%	$2.4M	$380K	25x	as long as short
OKX ANTHROPIC-USDT-SWAPlong	0.0000%	8h	2,173.8	long leg	$4.8M	$1.1M	10x
Gate ANTHROPIC_USDT	0.0000%	8h	2,159.6	−0.652%	$2.5M	$1.2M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,108.7	−2.997%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,115.9	−2.664%	—	$2.6M	10x	as long as short
HTX ANTHROPIC-USDT	0.0000%	8h	2,112.2	−2.832%	$42K	$70K	20x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,111.1	−2.885%	$1.6M	$382K	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	2,174.3	+0.023%	$6.3M	$16.6M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,111.5	−2.866%	$19K	$38K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,112.2	−2.832%	$122K	$7K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,112	−2.845%	$32.0M	$8.4M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,112.2	−2.834%	$7.8M	$276K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,120	−2.477%	$478K	$21K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,112	−2.845%	$2.4M	$663K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,113.9	−2.755%	$10K	$156K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0056%	8h	2,112.6	−2.815%	$267K	$260K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,112.6	−2.815%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0111%	1h	2,166.4	−0.340%	$35.2M	$7.7M	6x	as long as short