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: KuCoin against Variational Omni+0.414%7-day average +0.323% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

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)−0.243%−$24 · spread now +0.414%, 7d avg +0.323%

Together, before fees−0.243%+ Points / potential airdropVariational Omni: Active · farm board−$24 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: KuCoin is 0.091% dearer against Variational Omni than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.323%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ANTHROPIC	2,102.3	0.0050	pay 0.0050% / 8h	3h 18m	$2.4M	$675K	—
Short	KuCoin ANTHROPICUSDTM	2,111	0.0050	get 0.0050% / 8h	3h 18m	$477K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.414%Rate

Funding earned: $0
Price spread: +0.414% → +0.323%: $9.08
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$2.92
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; KuCoin: live order book, 54 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, just now	3.73 bp	doesn't fit	51.5 bp −$515	doesn't fit	doesn't fit
Sell KuCoin live order book, 54 min ago	12.94 bp	156.9 bp −$157	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	−0.0462%	8h	2,104.5	+0.104%	$42K	$67K	20x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,167.1	+3.083%	$1.8M	$952K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,151.1	+2.323%	$2.4M	$351K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.2	+2.945%	$4.8M	$881K	10x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,104.4	+0.100%	$1.4M	$1.2M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,152.9	+2.406%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,103.6	+0.063%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,108	+0.272%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,103.4	+0.054%	$1.5M	$376K	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0008%	1h	2,123.7	+1.019%	$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	2,163.2	+2.897%	$6.3M	$16.1M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,103	+0.036%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,103.5	+0.056%	$121K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,103.6	+0.063%	$32.0M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,103.6	+0.063%	$7.8M	$277K	50x	as long as short
KuCoin ANTHROPICUSDTMshort	+0.0050%	8h	2,111	+0.414%	$477K	$20K	20x
Variational Omni ANTHROPIClong	+0.0050%	8h	2,102.3	long leg	$2.4M	$675K	—
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,103.5	+0.060%	$10K	$156K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0073%	8h	2,103.6	+0.060%	$269K	$256K	20x	as long as short
Entropy io:ANTH	+0.0090%	1h	2,150.8	+2.307%	$34.8M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,104.3	+0.093%	$10K	$63	10x	as long as short