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: Bybit against SunX+2.114%7-day average +2.418% · you sell dearer than you buy

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

Long on SunX Short on Bybit

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)+1.862%+$186 · spread now +2.114%, 7d avg +2.418%

Together, before fees+1.862%+$186 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: Bybit is 0.304% cheaper against SunX than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of +2.418%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ANTHROPIC-USDT	2,108.5	0	get 0.0000% / 8h	2h 51m	—	$2.4M	10x
Short	Bybit ANTHROPICUSDT	2,153.1	0	get 0.0000% / 8h	2h 51m	$2.3M	$427K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +2.114%Rate

Funding earned: $0
Price spread: +2.114% → +2.418%: −$30.38
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$49.38
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; Bybit: live order book, 1 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 SunX live order book, 6 min ago	495.78 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	31.00 bp	52.0 bp −$52	182.7 bp −$1,827	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	−0.0471%	8h	2,105.7	−0.134%	$42K	$68K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0064%	1h	2,113.5	+0.236%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0006%	1h	2,105.2	−0.159%	$1.4M	$1.2M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,167.6	+2.803%	$1.8M	$940K	5x	as long as short
Bybit ANTHROPICUSDTshort	0.0000%	8h	2,153.1	+2.114%	$2.3M	$427K	25x
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.2	+2.642%	$4.8M	$889K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,151.4	+2.032%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,104.2	−0.205%	$25.9M	$3.3M	20x	as long as short
SunX ANTHROPIC-USDTlong	0.0000%	8h	2,108.5	long leg	—	$2.4M	10x
Phemex ANTHROPICUSDT	0.0000%	8h	2,106.7	−0.085%	$1.6M	$378K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ANTHROPIC-USDT	+0.0028%	8h	2,103.2	−0.253%	$225K	$256K	20x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,163.8	+2.623%	$6.3M	$15.7M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,104.8	−0.173%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,105.2	−0.156%	$121K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,105.3	−0.151%	$32.0M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,105.1	−0.161%	$7.8M	$275K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,111.1	+0.125%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,103.3	−0.245%	$2.4M	$675K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,103	−0.261%	$10K	$155K	10x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,105.3	−0.150%	$10K	$63	10x	as long as short
Entropy io:ANTH	+0.0112%	1h	2,151	+2.016%	$34.8M	$7.6M	6x	as long as short