Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against SunX+2.009%7-day average +2.359% · you sell dearer than you buy

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

Long on SunX Short on Gate

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)+1.773%+$177 · spread now +2.009%, 7d avg +2.359%

Together, before fees+1.773%+$177 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: Gate is 0.349% cheaper against SunX than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of +2.359%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ANTHROPIC-USDT	2,111	0	get 0.0000% / 8h	7h 46m	—	$2.4M	10x
Short	Gate ANTHROPIC_USDT	2,153.4	0	get 0.0000% / 8h	7h 46m	$2.4M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +2.009%Rate

Funding earned: $0
Price spread: +2.009% → +2.359%: −$34.94
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$57.94
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Gate: 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, 10 min ago	497.38 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	5.26 bp	82.4 bp −$82	580.0 bp −$5,800	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	−0.0457%	8h	2,107.3	−0.176%	$41K	$69K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,106.8	−0.198%	$1.4M	$1.1M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,169	+2.748%	$1.9M	$867K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,155.4	+2.102%	$2.3M	$422K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.4	+2.530%	$4.8M	$843K	10x	as long as short
Gate ANTHROPIC_USDTshort	0.0000%	8h	2,153.4	+2.009%	$2.4M	$1.0M	50x
Bitget ANTHROPICUSDT	0.0000%	8h	2,105.3	−0.270%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDTlong	0.0000%	8h	2,111	long leg	—	$2.4M	10x
Phemex ANTHROPICUSDT	0.0000%	8h	2,107.4	−0.169%	$1.6M	$383K	10x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,164.7	+2.544%	$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	2,106.4	−0.217%	$19K	$5K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.4	−0.169%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,106.9	−0.196%	$32.1M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,106.9	−0.196%	$7.8M	$270K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,112.8	+0.083%	$498K	$57K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.5	−0.215%	$2.3M	$651K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106.3	−0.221%	$10K	$172K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0075%	8h	2,105.7	−0.251%	$271K	$260K	20x	as long as short
Entropy io:ANTH	+0.0098%	1h	2,153.4	+2.009%	$35.1M	$7.5M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,106.3	−0.222%	$10K	$63	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0104%	1h	2,117.9	+0.329%	$267K	$28K	5x	as long as short