Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against Phemex+2.233%49s7-day average +2.205% · you sell dearer than you buy

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

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.056%−$6 · spread now +2.233%, 7d avg +2.205%

Together, before fees−0.056%−$6 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: Gate is 0.029% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +2.205%. The two prices were read 49 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	Phemex ANTHROPICUSDT	2,107.1	0	get 0.0000% / 8h	1h 07m	$1.6M	$373K	10x
Short	Gate ANTHROPIC_USDT	2,154.2	0	get 0.0000% / 8h	1h 07m	$2.4M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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 PhemexbpFee GatebpOrdersPrice spread, now +2.233%Rate

Funding earned: $0
Price spread: +2.233% → +2.205%: $2.88
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$24.12
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 6 min ago; Gate: live order book, 5 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 Phemex live order book, 6 min ago	2.59 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	10.09 bp	44.3 bp −$44	557.9 bp −$5,579	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-INTX	−0.0336%	1h	2,119.1	+0.567%	$267K	$26K	5x	as long as short
HTX ANTHROPIC-USDT	−0.0263%	8h	2,107.5	+0.016%	$42K	$70K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,106.7	−0.022%	$1.4M	$1.5M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,174	+3.174%	$1.9M	$712K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150.9	+2.076%	$2.3M	$376K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166.2	+2.803%	$4.8M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDTshort	0.0000%	8h	2,154.2	+2.233%	$2.4M	$1.2M	50x
Bitget ANTHROPICUSDT	0.0000%	8h	2,103.2	−0.185%	$25.8M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,110.5	+0.160%	—	$2.6M	10x	as long as short
Phemex ANTHROPICUSDTlong	0.0000%	8h	2,107.1	long leg	$1.6M	$373K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,172.4	+3.098%	$6.2M	$17.5M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,106.1	−0.048%	$19K	$38K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,106.6	−0.027%	$123K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,106.5	−0.028%	$31.8M	$8.0M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,106.6	−0.024%	$7.8M	$280K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,111.9	+0.224%	$476K	$18K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.4	−0.035%	$2.3M	$504K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,105.2	−0.091%	$11K	$158K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0054%	8h	2,106.5	−0.028%	$267K	$260K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,106.7	−0.021%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0108%	1h	2,161.5	+2.580%	$35.1M	$7.6M	6x	as long as short