Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.015%

Price spread now: Aster against QFEX+0.083%7-day average +0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$320as in the Price arb table

costs, in and out, $10k−$3173.175% of the position

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.083%, 7d avg +0.112%

Together, before fees+0.028%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.030% cheaper against QFEX than usual: you would sell low and buy high (spread +0.083% now, against its 7-day average of +0.112%). If the spread goes back, that is −$3 on $10k: about 2.0 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	QFEX ANTHROPIC-USD	2,103.3	0.0002	pay 0.0000% / 1h	3m 21s	$1.4M	$1.5M	10x
Short	Aster ANTHROPICUSDT	2,105	0.0050	get 0.0050% / 8h	2h 03m	$123K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now +0.083%Rate

Funding earned: $10.15
Price spread: +0.083% → +0.112%: −$2.96
Slippage, 4 orders: −$299.46
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$310.27
Costs to cover: 3.175%
Break-even: 221.0 days

Slippage from QFEX: live order book, 8 min ago; Aster: live order book, 17 min ago.

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 QFEX live order book, 8 min ago	1.88 bp	6.9 bp −$7	15.5 bp −$155	doesn't fit	doesn't fit
Sell Aster live order book, 17 min ago	46.90 bp	73.7 bp −$74	doesn't fit	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	−0.0272%	8h	2,102.5	−0.039%	$41K	$70K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0264%	1h	2,128.6	+1.202%	$268K	$27K	5x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,174.3	+3.375%	$1.9M	$708K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150.8	+2.259%	$2.4M	$378K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,163.7	+2.871%	$4.8M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,150.3	+2.235%	$2.4M	$1.2M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,102.2	−0.051%	$25.8M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,107.3	+0.190%	—	$2.6M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,104.2	+0.040%	$1.6M	$371K	10x	as long as short
QFEX ANTHROPIC-USDlong	+0.0002%	1h	2,103.3	long leg	$1.4M	$1.5M	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	2,173.9	+3.356%	$6.2M	$17.2M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,103	−0.013%	$19K	$38K	10x	as long as short
Aster ANTHROPICUSDTshort	+0.0050%	8h	2,105	+0.083%	$123K	$6K	10x
Binance ANTHROPICUSDT	+0.0050%	8h	2,103	−0.015%	$31.8M	$8.0M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,103.1	−0.011%	$7.8M	$275K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,112.6	+0.443%	$476K	$18K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,102.6	−0.035%	$2.3M	$516K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,102.6	−0.034%	$10K	$162K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0065%	8h	2,103.2	−0.005%	$268K	$259K	20x	as long as short
Entropy io:ANTH	+0.0095%	1h	2,163.3	+2.852%	$35.2M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,103.3	0.000%	$10K	—	10x	as long as short