Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against SunX+2.601%7-day average +3.483% · you sell dearer than you buy

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

Long on SunX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 4 days (all we have)+3.006%+$301 · spread now +2.601%, 7d avg +3.483%

Together, before fees+3.073%+ Points / potential airdropLighter RH: Points live · farm board+$307 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.882% cheaper against SunX than usual: you would sell low and buy high (spread +2.601% now, against its 7-day average of +3.483%). If the spread goes back, that is −$88 on $10k: about 3 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ANTHROPIC-USDT	2,110.7	0	get 0.0000% / 8h	4h 39m	—	$2.4M	10x
Short	Lighter RH ANTHROPIC	2,165.6	0.0032	get 0.0004% / 1h	39m 02s	$6.2M	$15.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +2.601%Rate

Funding earned: $6.72
Price spread: +2.601% → +3.483%: −$88.17
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$89.45
Costs to cover: 0.080%
Break-even: 100.2 days

Slippage unknown: SunX: live order book, 8 min ago; Lighter RH: live order book, 5 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	497.13 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	0.23 bp	0.2 bp $0	9.8 bp −$98	123.2 bp −$12.3K	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	−0.0410%	8h	2,107.7	−0.143%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0280%	1h	2,123.7	+0.616%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,106.7	−0.192%	$1.4M	$1.3M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.2	+2.629%	$1.9M	$922K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150.4	+1.879%	$2.4M	$351K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.8	+2.563%	$4.8M	$859K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,154	+2.051%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,104.1	−0.315%	$25.9M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDTlong	0.0000%	8h	2,110.7	long leg	—	$2.4M	10x
Phemex ANTHROPICUSDT	0.0000%	8h	2,108.2	−0.117%	$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
Lighter RH ANTHROPICshort	+0.0032%	1h	2,165.6	+2.601%	$6.2M	$15.8M	5x
Extended ANTHROP-USD	+0.0048%	1h	2,106.4	−0.201%	$19K	$22K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0050%	8h	2,106.9	−0.180%	$269K	$256K	20x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107	−0.173%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107	−0.176%	$32.0M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,106.9	−0.179%	$7.8M	$277K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	−0.001%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.5	−0.198%	$2.4M	$681K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,105.8	−0.231%	$10K	$149K	10x	as long as short
Entropy io:ANTH	+0.0083%	1h	2,154.2	+2.061%	$35.0M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,106.9	−0.178%	$10K	—	10x	as long as short