Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.001%

Price spread now: Extended against Variational Omni−0.050%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Extended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.050% cheaper against Variational Omni than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ANTHROPIC	2,104	0.0050	pay 0.0050% / 8h	3h 27m	$2.4M	$675K	—
Short	Extended ANTHROP-USD	2,102.9	0.0048	get 0.0006% / 1h	27m 02s	$19K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$0.42
Price spread: −0.050% → 0.000%: −$5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$10.42
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Extended: no order-book sample. 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 Variational Omni RFQ quote, 2 min ago	2.83 bp	doesn't fit	43.9 bp −$439	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0462%	8h	2,104.4	+0.018%	$42K	$67K	20x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.9	+2.990%	$1.8M	$946K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150.5	+2.209%	$2.4M	$351K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.2	+2.861%	$4.8M	$880K	10x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,103.5	−0.025%	$1.4M	$1.2M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,152.2	+2.290%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,103.1	−0.043%	$25.9M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,107.7	+0.176%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,104.2	+0.009%	$1.6M	$375K	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0008%	1h	2,123.7	+0.937%	$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	2,161.6	+2.738%	$6.3M	$16.0M	5x	as long as short
Extended ANTHROP-USDshort	+0.0048%	1h	2,102.9	−0.050%	$19K	$22K	10x
Aster ANTHROPICUSDT	+0.0050%	8h	2,103.3	−0.031%	$121K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,103.5	−0.026%	$32.0M	$8.0M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,103.7	−0.015%	$7.8M	$276K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	+0.318%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIClong	+0.0050%	8h	2,104	long leg	$2.4M	$675K	—
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,104.4	+0.019%	$10K	$156K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0058%	8h	2,103.3	−0.032%	$269K	$256K	20x	as long as short
Entropy io:ANTH	+0.0083%	1h	2,150.5	+2.210%	$34.8M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,103.2	−0.039%	$10K	$63	10x	as long as short