Funding arb · Price arb / RWA

ANTHROPIC

RWAAll ANTHROPIC markets →

LONGPhoenix▾Bybit 0.0000%OKX 0.0000%QFEX 0.0000%Gate 0.0000%Phemex 0.0000%Lighter +0.0040%Lighter RH +0.0048%Extended +0.0048%Kraken Futures +0.0050%Aster +0.0050%Binance +0.0050%MEXC +0.0050%KuCoin +0.0050%Variational Omni +0.0050%GRVT +0.0050%SunX +0.0050%HTX +0.0050%Deribit +0.0090%TxFlow +0.0100%Aevo +0.0104%AZverse +0.0165%Entropy +0.0196%Phoenix +0.0332%BingX +0.0391%Bitget +0.0442%

⇄⇅

SHORTBloFin▾Bitget +0.0442%BingX +0.0391%Entropy +0.0196%AZverse +0.0165%Aevo +0.0104%TxFlow +0.0100%Deribit +0.0090%BloFin +0.0061%Aster +0.0050%Binance +0.0050%MEXC +0.0050%KuCoin +0.0050%Variational Omni +0.0050%GRVT +0.0050%SunX +0.0050%HTX +0.0050%Kraken Futures +0.0050%Extended +0.0048%Lighter RH +0.0048%Lighter +0.0040%Bybit 0.0000%OKX 0.0000%QFEX 0.0000%Gate 0.0000%Phemex 0.0000%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixANTHROPIC	1,935.9	+0.0332	pay 0.0041% / 1h	38m 32s	$1.1M	$44K	6x	Long Phoenix
SHORT	BloFinANTHROPIC-USDT	1,897.8	+0.0061	get 0.0061% / 8h	6h 38m	$1.6M	$257K	20x	Short BloFin

Price gap−1.967%

Funding gap−0.0270% /8h

Both sides work against this direction now: funding costs $8 a day on $10k and the gap is 0.108% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.087% in total, about +0.0041%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−1.967%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

PhoenixBloFin

ANTHROPIC on 26 exchanges

lowest funding first

Before you open

0 ok · 4 to watch

• !
  Watch: Thin at this size44.2 / 14.8 bp

  At $10k entering Phoenix costs 44.2 bp, fee and slippage, 3.0× BloFin’s.
• i
  Note: Margin at max leverage$1,667 + $500

  Phoenix 6x, BloFin 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ1h / 8h

  Payments land at different times. Close right after the slower leg pays.

  Long Phoenix · 1h−$9.95

  Short BloFin · 8h+$1.84

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$8.11Long Phoenix: 24 payments, −$9.95; short BloFin: 3 payments, +$1.84.
• !
  Watch: Gap narrower than usual−1.967% vs −1.859%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• i
  Note: Long leg is thinner$1.1M vs $1.6M OI

  Both legs are deep; Phoenix is the smaller one.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCPhoenix No · BloFin Limited

  No ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0041%/8h × 21 periods+$8.68

Price spread−1.967% → −1.859% (7d avg)−$10.75

Slippage, 4 orderslive order books−$94.31

Fee Phoenix bp × 2 orders−$7.00

Fee BloFin bp × 2 orders−$12.00

Net · 7 days · $10k−$115.38

Costs to cover1.133%Break-even100.0 days

Slippage: Phoenix: live order book, 4 min ago; BloFin: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGPhoenix3.1044.2 bp−$44253.4 bp−$2,534doesn’t fitdoesn’t fit

SELL · SHORTBloFin0.0514.8 bp−$15doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

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ANTHROPIC news

posts that mention ANTHROPIC or Anthropic, from every exchangeSearch all news →

10-25 07:00	MEXC	Other	Everyone wants a slice. When Anthropic goes public, who deserves the biggest piece of the pie? 🥧 Drop your split below. 👇 @MEXC on X ↗
10-25 07:00	MEXC	Other	Our Anthropic Pre-IPO Launchpad is coming. Complete missions first for a chance to win ANTHROPIC(PRE), an NVIDIA H200 GPU, and more! Win now. 👉 @MEXC on X ↗
10-24 20:00	Kalshi	Other	BREAKING: Anthropic's highest ranking executives have pledged to give away 80% of their personal wealth @Kalshi on X ↗
10-24 19:20	Kalshi	Other	JUST IN: UK partners with OpenAI, Anthropic, and Google to launch AI lab focused on preventing biological threats @Kalshi on X ↗
10-23 22:30	Markets by Kinetiq	Other	OpenAI's pre-IPO price is down 10% this month while Anthropic's is down 7%. China's Moonshot says its Kimi K3.1 Pro matches Claude Opus 5.5 on Terminal-Bench for about a third of the cost. @Markets_xyz on X ↗
10-23 13:00	MEXC	Other	Get ready for our Anthropic Pre-IPO Launchpad. 👀 Complete missions and enter our lucky draw to win exclusive rewards! Prizes include ANTHROPIC(PRE), NVIDIA H200 GPU, and more! Be part of the Pre-IPO hype and get in on the action now. 👉 @MEXC on X ↗