Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%

Price spread now: Extended against OKX−2.962%7-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 Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 2.962% cheaper against OKX than usual: you would sell low and buy high (spread −2.962% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$296 on $10k: about 7 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ANTHROPIC-USDT-SWAP	2,167.9	0	get 0.0000% / 8h	6h 19m	$4.8M	$976K	10x
Short	Extended ANTHROP-USD	2,103.7	0.0048	get 0.0006% / 1h	19m 33s	$19K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −2.962%Rate

Funding earned: $10.08
Price spread: −2.962% → 0.000%: −$296.19
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$301.11
Costs to cover: 0.150%
Break-even: 216.1 days

Slippage unknown: OKX: live order book, 3 min ago; Extended: 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	0.92 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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 20 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	−0.0335%	8h	2,104.8	−2.911%	$42K	$67K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,104.3	−2.936%	$1.4M	$1.4M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,167.6	−0.014%	$1.9M	$915K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,152.3	−0.719%	$2.4M	$363K	25x	as long as short
OKX ANTHROPIC-USDT-SWAPlong	0.0000%	8h	2,167.9	long leg	$4.8M	$976K	10x
Gate ANTHROPIC_USDT	0.0000%	8h	2,153.3	−0.673%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,102.8	−3.003%	$25.8M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,108.9	−2.722%	—	$2.5M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,104.7	−2.914%	$1.6M	$374K	10x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,169.2	+0.060%	$6.3M	$16.5M	5x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ANTHROP-USDshort	+0.0048%	1h	2,103.7	−2.962%	$19K	$22K	10x
Aster ANTHROPICUSDT	+0.0050%	8h	2,104.3	−2.933%	$122K	$7K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,104.3	−2.935%	$31.9M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,104.1	−2.942%	$7.8M	$278K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,115.9	−2.400%	$478K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,104.6	−2.918%	$2.4M	$669K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,105.1	−2.897%	$10K	$149K	10x	as long as short
Entropy io:ANTH	+0.0081%	1h	2,161.9	−0.277%	$35.2M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,104.6	−2.921%	$10K	—	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0104%	1h	2,123.7	−2.038%	$267K	$26K	5x	as long as short