Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.005%

Price spread now: Lighter RH against Variational Omni+2.886%7-day average +3.770% · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 7 days+0.785%+$79 · spread now +2.886%, 7d avg +3.770%

Together, before fees+0.772%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board+$77 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.884% cheaper against Variational Omni than usual: you would sell low and buy high (−$88 if the spread goes back to its 7-day average of +3.770%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ANTHROPIC	2,113.6	0.0050	pay 0.0050% / 8h	7h 51m	$2.4M	$663K	—
Short	Lighter RH ANTHROPIC	2,174.6	0.0032	get 0.0004% / 1h	51m 52s	$6.3M	$16.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Variational Omni. 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 Variational OmnibpFee Lighter RHbpOrdersPrice spread, now +2.886%Rate

Funding earned: −$3.78
Price spread: +2.886% → +3.770%: −$88.43
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$92.21
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Lighter RH: 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 Variational Omni RFQ quote, 2 min ago	3.36 bp	doesn't fit	45.5 bp −$455	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	0.23 bp	5.7 bp −$6	24.7 bp −$247	163.7 bp −$16.4K	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
Coinbase International ANTHROPIC-PERP-INTX	−0.0080%	1h	2,123.7	+0.478%	$267K	$26K	5x	as long as short
HTX ANTHROPIC-USDT	−0.0021%	8h	2,112.2	−0.065%	$42K	$70K	20x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,112.8	−0.037%	$1.4M	$1.5M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,170.5	+2.692%	$1.9M	$893K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,160.1	+2.199%	$2.4M	$380K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,174.5	+2.881%	$4.8M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,159.8	+2.184%	$2.5M	$1.2M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,108.7	−0.235%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,116.2	+0.123%	—	$2.6M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,111.1	−0.119%	$1.6M	$382K	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	2,174.6	+2.886%	$6.3M	$16.6M	5x
BloFin ANTHROPIC-USDT	+0.0045%	8h	2,112.9	−0.033%	$267K	$260K	20x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,112.2	−0.068%	$19K	$38K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,112.8	−0.039%	$122K	$7K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,112.6	−0.047%	$32.0M	$8.4M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,112.2	−0.066%	$7.8M	$276K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,120	+0.300%	$478K	$21K	20x	as long as short
Variational Omni ANTHROPIClong	+0.0050%	8h	2,113.6	long leg	$2.4M	$663K	—
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,114.5	+0.040%	$10K	$156K	10x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,113.1	−0.022%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0119%	1h	2,166.6	+2.507%	$35.2M	$7.7M	6x	as long as short