Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against Variational Omni−0.036%74s7-day average +0.006% · you buy dearer than you sell

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

Long on Variational Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.036%, 7d avg +0.006%

Together, before fees+0.007%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board+$1 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: GRVT is 0.042% cheaper against Variational Omni than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.006%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ANTHROPIC	2,103.7	0.0050	pay 0.0050% / 8h	2h 34m	$2.4M	$704K	—
Short	GRVT ANTHROPIC_USDT_Perp	2,102.9	0.0050	get 0.0050% / 8h	2h 34m	$10K	$157K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → +0.006%: −$4.23
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$13.23
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; GRVT: live order book, 9 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 Variational Omni RFQ quote, 5 min ago	3.83 bp	doesn't fit	59.4 bp −$594	doesn't fit	doesn't fit
Sell GRVT live order book, 9 min ago	1.88 bp	doesn't fit	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	−0.0467%	8h	2,103.6	−0.003%	$42K	$68K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0064%	1h	2,113.5	+0.465%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0006%	1h	2,103.2	−0.022%	$1.4M	$1.2M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.4	+2.981%	$1.9M	$945K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,152.4	+2.314%	$2.3M	$425K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.1	+2.872%	$4.8M	$849K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,150.5	+2.225%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,102.5	−0.056%	$25.8M	$3.3M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,107.4	+0.177%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,104.2	+0.026%	$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 ANTHROPIC	+0.0032%	1h	2,162.9	+2.815%	$6.3M	$16.0M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,102.8	−0.040%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,103.4	−0.012%	$121K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,103.4	−0.014%	$32.0M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,103.1	−0.029%	$7.8M	$276K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.8	+0.337%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIClong	+0.0050%	8h	2,103.7	long leg	$2.4M	$704K	—
GRVT ANTHROPIC_USDT_Perpshort	+0.0050%	8h	2,102.9	−0.036%	$10K	$157K	10x
BloFin ANTHROPIC-USDT	+0.0054%	8h	2,103.8	+0.005%	$270K	$257K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,103.2	−0.024%	$10K	$63	10x	as long as short
Entropy io:ANTH	+0.0105%	1h	2,150.5	+2.226%	$34.9M	$7.7M	6x	as long as short