Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Phemex+2.891%7-day average +3.312% · you sell dearer than you buy

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

Long on Phemex Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 4 days (all we have)+0.947%+$95 · spread now +2.891%, 7d avg +3.312%

Together, before fees+1.014%+ Points / potential airdropLighter RH: Points live · farm board+$101 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.421% cheaper against Phemex than usual: you would sell low and buy high (spread +2.891% now, against its 7-day average of +3.312%). If the spread goes back, that is −$42 on $10k: about 44 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ANTHROPICUSDT	2,104.9	0	get 0.0000% / 8h	5h 01m	$1.6M	$377K	10x
Short	Lighter RH ANTHROPIC	2,165.7	0.0032	get 0.0004% / 1h	1m 18s	$6.2M	$16.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +2.891%Rate

Funding earned: $6.72
Price spread: +2.891% → +3.312%: −$42.08
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$47.36
Costs to cover: 0.120%
Break-even: 56.3 days

Slippage unknown: Phemex: live order book, 2 min ago; Lighter RH: live order book, 3 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, 2 min ago	4.11 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	0.23 bp	0.2 bp $0	10.3 bp −$103	124.8 bp −$12.5K	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	−0.0394%	8h	2,104.5	−0.015%	$41K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0144%	1h	2,123.7	+0.896%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,104.5	−0.018%	$1.4M	$1.3M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,164.9	+2.853%	$1.9M	$915K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,149.4	+2.118%	$2.4M	$352K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166	+2.905%	$4.8M	$858K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,153.5	+2.313%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,102.3	−0.123%	$25.7M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,109.2	+0.207%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDTlong	0.0000%	8h	2,104.9	long leg	$1.6M	$377K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPICshort	+0.0032%	1h	2,165.7	+2.891%	$6.2M	$16.2M	5x
BloFin ANTHROPIC-USDT	+0.0047%	8h	2,105	+0.008%	$270K	$255K	20x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,104	−0.040%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,105.2	+0.018%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,104.6	−0.013%	$32.0M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,105.1	+0.013%	$7.8M	$279K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	+0.277%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,102.5	−0.111%	$2.4M	$679K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,102.9	−0.092%	$10K	$149K	10x	as long as short
Entropy io:ANTH	+0.0092%	1h	2,155.7	+2.416%	$35.0M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,104.8	−0.001%	$10K	—	10x	as long as short