Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0386%/8h= −42.2% APRpaid last 24h −0.107%

Price spread now: HTX against QFEX+0.046%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.046% dearer against QFEX than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ANTHROPIC-USD	2,103.1	−0.0004	get 0.0001% / 1h	51m 41s	$1.4M	$1.3M	10x
Short	HTX ANTHROPIC-USDT	2,104.1	−0.0390	pay 0.0390% / 8h	5h 51m	$41K	$67K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$80.98
Price spread: +0.046% → 0.000%: $4.61
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$98.36
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 9 min ago; HTX: no order-book sample. 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 QFEX live order book, 9 min ago	2.85 bp	9.1 bp −$9	20.4 bp −$204	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ANTHROPIC on 20 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-USDTshort	−0.0390%	8h	2,104.1	+0.046%	$41K	$67K	20x
Coinbase International ANTHROPIC-PERP-INTX	−0.0144%	1h	2,123.7	+0.981%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USDlong	−0.0004%	1h	2,103.1	long leg	$1.4M	$1.3M	10x
Lighter ANTHROPIC	0.0000%	1h	2,166.8	+3.030%	$1.9M	$873K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150	+2.232%	$2.4M	$362K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166	+2.992%	$4.8M	$953K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,151.5	+2.303%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,102	−0.052%	$25.8M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,106.8	+0.177%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,102.8	−0.015%	$1.5M	$372K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,169.1	+3.139%	$6.2M	$15.9M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,102.5	−0.027%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,103.2	+0.004%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,103.1	+0.002%	$31.9M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,103.8	+0.036%	$7.8M	$276K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,114.6	+0.550%	$478K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,103	−0.003%	$2.4M	$679K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,103.4	+0.017%	$10K	$148K	10x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,102.7	−0.016%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0139%	1h	2,161.3	+2.768%	$35.2M	$7.5M	6x	as long as short