Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: QFEX against SunX−0.213%7-day average +0.127% · you buy dearer than you sell

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

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)+1.764%+$176 · spread now −0.213%, 7d avg +0.127%

Together, before fees+1.762%+$176 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: QFEX is 0.340% cheaper against SunX than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of +0.127%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ANTHROPIC-USDT	2,111.7	0	get 0.0000% / 8h	1h 49m	—	$2.4M	10x
Short	QFEX ANTHROPIC-USD	2,107.2	0	get 0.0000% / 1h	49m 37s	$1.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.213%Rate

Funding earned: $0
Price spread: −0.213% → +0.127%: −$34.03
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$52.03
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 7 min ago; QFEX: live order book, 2 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, 7 min ago	497.14 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	1.59 bp	7.2 bp −$7	12.1 bp −$121	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	−0.0432%	8h	2,108.2	−0.166%	$42K	$68K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0080%	1h	2,120.7	+0.426%	$267K	$25K	5x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.8	+2.609%	$1.8M	$900K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,152.7	+1.943%	$2.3M	$424K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.4	+2.496%	$4.8M	$845K	10x	as long as short
QFEX ANTHROPIC-USDshort	0.0000%	1h	2,107.2	−0.213%	$1.4M	$1.1M	10x
Gate ANTHROPIC_USDT	0.0000%	8h	2,154.1	+2.008%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,106	−0.271%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDTlong	0.0000%	8h	2,111.7	long leg	—	$2.4M	10x
Phemex ANTHROPICUSDT	0.0000%	8h	2,108.2	−0.164%	$1.6M	$380K	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	2,163.1	+2.434%	$6.3M	$16.0M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,106.6	−0.240%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.2	−0.212%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.2	−0.213%	$32.1M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.2	−0.211%	$7.8M	$272K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	−0.046%	$498K	$25K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,107.1	−0.218%	$2.4M	$620K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,108	−0.173%	$10K	$163K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0057%	8h	2,107.7	−0.188%	$270K	$257K	20x	as long as short
Entropy io:ANTH	+0.0092%	1h	2,152.3	+1.923%	$34.9M	$7.5M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.9	−0.179%	$10K	$63	10x	as long as short