Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.037%

Price spread now: Entropy against OKX−0.572%7-day average +0.889% · you buy dearer than you sell

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

Long on OKX Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days+0.359%+$36 on $10k

Price spread, last 7 days+2.078%+$208 · spread now −0.572%, 7d avg +0.889%

Together, before fees+2.437%+$244 on $10k · with fees, hour by hour

Funding pays, the price is against you. Entropy is 1.462% cheaper against OKX than usual: you would sell low and buy high (spread −0.572% now, against its 7-day average of +0.889%). If the spread goes back, that is −$146 on $10k: about 50 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ANTHROPIC-USDT-SWAP	2,167.2	0	get 0.0000% / 8h	5h 27m	$4.8M	$677K	10x
Short	Entropy io:ANTH	2,154.8	0.0097	get 0.0012% / 1h	27m 37s	$35.1M	$7.0M	6x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now −0.572%Rate

Funding earned: $20.37
Price spread: −0.572% → +0.889%: −$146.15
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$153.78
Costs to cover: 0.280%
Break-even: 59.8 days

Slippage unknown: OKX: live order book, 3 min ago; Entropy: live order book, 1 min ago. 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	1.85 bp	26.0 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Entropy live order book, 1 min ago	0.23 bp	13.5 bp −$14	doesn't fit	doesn't fit	doesn't fit

ANTHROPIC on 21 exchanges

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	−0.0380%	8h	2,110.5	−2.617%	$42K	$69K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0024%	1h	2,121.3	−2.117%	$268K	$26K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,109.9	−2.643%	$1.4M	$1.0M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,168.8	+0.074%	$1.9M	$842K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,151.9	−0.708%	$2.3M	$377K	25x	as long as short
OKX ANTHROPIC-USDT-SWAPlong	0.0000%	8h	2,167.2	long leg	$4.8M	$677K	10x
Gate ANTHROPIC_USDT	0.0000%	8h	2,156.4	−0.501%	$2.5M	$991K	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,109	−2.688%	$26.0M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,113.8	−2.464%	—	$1.7M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,110.1	−2.633%	$1.6M	$354K	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,163.6	−0.166%	$6.2M	$16.7M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,109.7	−2.654%	$10K	$11K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,109.9	−2.643%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,110.4	−2.621%	$32.2M	$7.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,110.3	−2.628%	$7.8M	$246K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,118.2	−2.259%	$499K	$217K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,109.8	−2.649%	$2.3M	$672K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,110.3	−2.626%	$10K	$189K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0074%	8h	2,110.6	−2.613%	$274K	$247K	20x	as long as short
Entropy io:ANTHshort	+0.0097%	1h	2,154.8	−0.572%	$35.1M	$7.0M	6x
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,110.7	−2.608%	$10K	$63	10x	as long as short