Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.041%

Price spread now: Entropy against SunX+1.920%7-day average +2.917% · you sell dearer than you buy

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

Long on SunX Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days+0.364%+$36 on $10k

Price spread, last 4 days (all we have)+3.257%+$326 · spread now +1.920%, 7d avg +2.917%

Together, before fees+3.621%+$362 on $10k · with fees, hour by hour

Funding pays, the price is against you. Entropy is 0.997% cheaper against SunX than usual: you would sell low and buy high (spread +1.920% now, against its 7-day average of +2.917%). If the spread goes back, that is −$100 on $10k: about 3 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.364% in total) that is about 19 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ANTHROPIC-USDT	2,109.5	0	get 0.0000% / 8h	3h 48m	—	$2.4M	10x
Short	Entropy io:ANTH	2,150	0.0032	get 0.0004% / 1h	48m 39s	$34.8M	$7.6M	6x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now +1.920%Rate

Funding earned: $6.74
Price spread: +1.920% → +2.917%: −$99.69
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$118.96
Costs to cover: 0.260%
Break-even: 130.6 days

Slippage unknown: SunX: live order book, 8 min ago; Entropy: live order book, 8 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, 8 min ago	496.65 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Entropy live order book, 8 min ago	1.16 bp	13.6 bp −$14	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	−0.0440%	8h	2,107.5	−0.093%	$42K	$67K	20x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.1	+2.683%	$1.8M	$941K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150	+1.920%	$2.4M	$351K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.1	+2.588%	$4.8M	$868K	10x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,105.4	−0.197%	$1.4M	$1.2M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,153	+2.063%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,103.8	−0.271%	$25.9M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDTlong	0.0000%	8h	2,109.5	long leg	—	$2.4M	10x
Phemex ANTHROPICUSDT	0.0000%	8h	2,104.8	−0.221%	$1.6M	$376K	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0008%	1h	2,123.7	+0.674%	$267K	$25K	5x	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	2,161.9	+2.484%	$6.2M	$15.7M	5x	as long as short
Entropy io:ANTHshort	+0.0032%	1h	2,150	+1.920%	$34.8M	$7.6M	6x
Extended ANTHROP-USD	+0.0048%	1h	2,104.5	−0.239%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,105	−0.213%	$121K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,105	−0.213%	$32.0M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,105	−0.214%	$7.8M	$275K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	+0.056%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.3	−0.150%	$2.4M	$689K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.3	−0.106%	$10K	$154K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0073%	8h	2,104.8	−0.222%	$269K	$257K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,105	−0.213%	$10K	$63	10x	as long as short