Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Phemex+2.779%53s7-day average +2.611% · you sell dearer than you buy

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

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.174%−$17 · spread now +2.779%, 7d avg +2.611%

Together, before fees−0.174%−$17 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: OKX is 0.168% dearer against Phemex than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +2.611%. The two prices were read 53 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	2,105.7	0	get 0.0000% / 8h	3h 15m	$1.6M	$376K	10x
Short	OKX ANTHROPIC-USDT-SWAP	2,164.2	0	get 0.0000% / 8h	3h 15m	$4.8M	$881K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +2.779%Rate

Funding earned: $0
Price spread: +2.779% → +2.611%: $16.83
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$5.17
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 2 min ago; OKX: live order book, 2 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	1.83 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.46 bp	5.9 bp −$6	15.1 bp −$151	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
HTX ANTHROPIC-USDT	−0.0465%	8h	2,105.1	−0.030%	$42K	$67K	20x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,167	+2.912%	$1.8M	$952K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150.5	+2.129%	$2.4M	$351K	25x	as long as short
OKX ANTHROPIC-USDT-SWAPshort	0.0000%	8h	2,164.2	+2.779%	$4.8M	$881K	10x
QFEX ANTHROPIC-USD	0.0000%	1h	2,104.4	−0.062%	$1.4M	$1.2M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,153.1	+2.253%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,103.8	−0.089%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,108.9	+0.153%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDTlong	0.0000%	8h	2,105.7	long leg	$1.6M	$376K	10x
Coinbase International ANTHROPIC-PERP-INTX	+0.0008%	1h	2,123.7	+0.856%	$267K	$25K	5x	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	2,163.3	+2.736%	$6.3M	$16.1M	5x	as long as short
BloFin ANTHROPIC-USDT	+0.0036%	8h	2,104.1	−0.075%	$269K	$256K	20x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,103.8	−0.090%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,104.5	−0.058%	$121K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,104.7	−0.048%	$32.0M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,104.8	−0.043%	$7.8M	$277K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,111	+0.252%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,104.3	−0.063%	$2.4M	$675K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,104.1	−0.075%	$10K	$156K	10x	as long as short
Entropy io:ANTH	+0.0089%	1h	2,150.6	+2.133%	$34.8M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,104.2	−0.068%	$10K	$63	10x	as long as short