Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against SunX−0.174%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Aevo is 0.174% cheaper against SunX than usual: you would sell low and buy high (spread −0.174% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 5.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ANTHROPIC-USDT	2,112.2	0	get 0.0000% / 8h	7h 32m	—	$2.3M	10x
Short	Aevo ANTHROPIC-PERP	2,108.5	0.0104	get 0.0013% / 1h	32m 39s	$10K	$63	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now −0.174%Rate

Funding earned: $21.84
Price spread: −0.174% → 0.000%: −$17.35
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$19.51
Costs to cover: 0.240%
Break-even: 13.3 days

Slippage unknown: SunX: live order book, 4 min ago; Aevo: 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 SunX live order book, 4 min ago	497.43 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 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	−0.0317%	8h	2,107.3	−0.230%	$42K	$69K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,108.2	−0.188%	$1.4M	$1.1M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,168.7	+2.675%	$1.8M	$873K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,154.1	+1.983%	$2.3M	$423K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.8	+2.490%	$4.8M	$836K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,154.9	+2.020%	$2.4M	$1.0M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,106.7	−0.262%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDTlong	0.0000%	8h	2,112.2	long leg	—	$2.3M	10x
Phemex ANTHROPICUSDT	0.0000%	8h	2,108.4	−0.179%	$1.6M	$382K	10x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,164.6	+2.481%	$6.4M	$16.4M	5x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ANTHROP-USD	+0.0048%	1h	2,107.9	−0.205%	$19K	$3K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,108.6	−0.169%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,108.4	−0.180%	$32.1M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,108	−0.197%	$7.8M	$271K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,114.5	+0.108%	$498K	$74K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,107.3	−0.233%	$2.3M	$649K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106.5	−0.269%	$10K	$171K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0072%	8h	2,108.1	−0.194%	$271K	$260K	20x	as long as short
Entropy io:ANTH	+0.0100%	1h	2,153.1	+1.936%	$35.1M	$7.5M	6x	as long as short
Aevo ANTHROPIC-PERPshort	+0.0104%	1h	2,108.5	−0.174%	$10K	$63	10x
Coinbase International ANTHROPIC-PERP-INTX	+0.0104%	1h	2,117.9	+0.272%	$267K	$28K	5x	as long as short