Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0280%/8h= −30.7% APRpaid last 24h +0.062%

Price spread now: Coinbase International against SunX+0.578%7-day average +0.456% · you sell dearer than you buy

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

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+2.422%+$242 · spread now +0.578%, 7d avg +0.456%

Together, before fees+2.449%+$245 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.122% dearer against SunX than usual: you sell high and buy low (spread +0.578% now, against its 7-day average of +0.456%): +$12 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 35 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.026% in total (about 1.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ANTHROPIC-USDT	2,111.5	0	get 0.0000% / 8h	4h 18m	—	$2.4M	10x
Short	Coinbase International ANTHROPIC-PERP-INTX	2,123.7	−0.0280	pay 0.0035% / 1h	18m 13s	$267K	$25K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.578%Rate

Funding earned: −$58.8
Price spread: +0.578% → +0.456%: $12.19
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$64.61
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 9 min ago; Coinbase International: live order book, 40 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, 9 min ago	497.75 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 40 min ago	30.33 bp	35.5 bp −$36	49.0 bp −$490	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	−0.0426%	8h	2,108.5	−0.143%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTXshort	−0.0280%	1h	2,123.7	+0.578%	$267K	$25K	5x
QFEX ANTHROPIC-USD	−0.0002%	1h	2,107.1	−0.208%	$1.4M	$1.2M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.7	+2.614%	$1.9M	$942K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,149.6	+1.802%	$2.4M	$351K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,165.1	+2.538%	$4.8M	$867K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,154.9	+2.054%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,104.9	−0.314%	$26.0M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDTlong	0.0000%	8h	2,111.5	long leg	—	$2.4M	10x
Phemex ANTHROPICUSDT	0.0000%	8h	2,109.1	−0.115%	$1.6M	$374K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,165.7	+2.567%	$6.2M	$15.9M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,106.8	−0.223%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.6	−0.184%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.3	−0.197%	$32.0M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.6	−0.183%	$7.8M	$278K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	−0.039%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,107.2	−0.203%	$2.4M	$681K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106.9	−0.220%	$10K	$151K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0064%	8h	2,107.9	−0.170%	$269K	$256K	20x	as long as short
Entropy io:ANTH	+0.0084%	1h	2,153.3	+1.980%	$34.9M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.5	−0.190%	$10K	$63	10x	as long as short