Funding arb · Price arb / RWA

ANTHROPIC

RWAAll ANTHROPIC markets →

LONGVariational Omni▾Bybit 0.0000%OKX 0.0000%QFEX 0.0000%Gate 0.0000%Deribit 0.0000%Phemex 0.0000%Lighter +0.0016%Lighter RH +0.0016%Extended +0.0048%Aster +0.0050%Binance +0.0050%MEXC +0.0050%KuCoin +0.0050%Variational Omni +0.0050%GRVT +0.0050%SunX +0.0050%HTX +0.0050%Kraken Futures +0.0050%BloFin +0.0064%TxFlow +0.0100%Aevo +0.0104%Entropy +0.0116%AZverse +0.0208%BingX +0.0494%Bitget +0.0512%

⇄⇅

SHORTPhoenix▾Bitget +0.0512%BingX +0.0494%Phoenix +0.0371%AZverse +0.0208%Entropy +0.0116%Aevo +0.0104%TxFlow +0.0100%BloFin +0.0064%Kraken Futures +0.0050%Aster +0.0050%Binance +0.0050%MEXC +0.0050%KuCoin +0.0050%GRVT +0.0050%SunX +0.0050%HTX +0.0050%Extended +0.0048%Lighter +0.0016%Lighter RH +0.0016%Bybit 0.0000%OKX 0.0000%QFEX 0.0000%Gate 0.0000%Deribit 0.0000%Phemex 0.0000%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniANTHROPIC	1,894.4	+0.0050	pay 0.0050% / 8h	5h 46m	$2.5M	$1.7M	20x	Long Variational Omni+15% pts
SHORT	PhoenixANTHROPIC	1,942.1	+0.0371	get 0.0046% / 1h	46m 52s	$1.1M	$44K	6x	Short Phoenix

Price gap+2.520%

Funding gap+0.0321% /8h

Both sides work: funding pays +$10 a day on $10k, and the gap is 0.533% above its 7d average: +$53 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.094% in total, about −0.0045%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+2.520%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

Variational OmniPhoenix

ANTHROPIC on 26 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

• !
  Watch: Thin at this size24.4 / 43.9 bp

  At $10k entering Phoenix costs 43.9 bp, fee and slippage, 1.8× Variational Omni’s.
• i
  Note: Margin at max leverage$500 + $1,667

  Variational Omni 20x, Phoenix 6x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ8h / 1h

  Payments land at different times. Close right after the slower leg pays.

  Long Variational Omni · 8h−$1.50

  Short Phoenix · 1h+$11.12

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$9.62Long Variational Omni: 3 payments, −$1.50; short Phoenix: 24 payments, +$11.12.
• ✓
  OK: Entry gap works for you+2.520% vs +1.987%

  You short the dearer leg. If the gap goes back to average, the short gains.
• i
  Note: Short leg is thinner$1.1M vs $2.5M OI

  Both legs are deep; Phoenix is the smaller one.
• ✓
  OK: Points on a legVariational Omni points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legVariational Omni No · Phoenix No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0045%/8h × 21 periods−$9.36

Price spread+2.520% → +1.987% (7d avg)+$53.28

Slippage, 4 orderslive order books−$156.85

Fee Variational Omni bp × 2 orders$0.00

Fee Phoenix bp × 2 orders−$7.00

Net · 7 days · $10k−$119.93

Costs to cover1.638%Break-evennever at this rate

Slippage: Variational Omni: RFQ quote, 2 min ago; Phoenix: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGVariational Omni3.5124.4 bp−$2443.8 bp−$438doesn’t fitdoesn’t fit

SELL · SHORTPhoenix3.0943.9 bp−$44279.2 bp−$2,792doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

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ANTHROPIC news

posts that mention ANTHROPIC or Anthropic, from every exchangeSearch all news →

10-25 07:00	MEXC	Other	Everyone wants a slice. When Anthropic goes public, who deserves the biggest piece of the pie? 🥧 Drop your split below. 👇 @MEXC on X ↗
10-25 07:00	MEXC	Other	Our Anthropic Pre-IPO Launchpad is coming. Complete missions first for a chance to win ANTHROPIC(PRE), an NVIDIA H200 GPU, and more! Win now. 👉 @MEXC on X ↗
10-24 20:00	Kalshi	Other	BREAKING: Anthropic's highest ranking executives have pledged to give away 80% of their personal wealth @Kalshi on X ↗
10-24 19:20	Kalshi	Other	JUST IN: UK partners with OpenAI, Anthropic, and Google to launch AI lab focused on preventing biological threats @Kalshi on X ↗
10-23 22:30	Markets by Kinetiq	Other	OpenAI's pre-IPO price is down 10% this month while Anthropic's is down 7%. China's Moonshot says its Kimi K3.1 Pro matches Claude Opus 5.5 on Terminal-Bench for about a third of the cost. @Markets_xyz on X ↗
10-23 13:00	MEXC	Other	Get ready for our Anthropic Pre-IPO Launchpad. 👀 Complete missions and enter our lucky draw to win exclusive rewards! Prizes include ANTHROPIC(PRE), NVIDIA H200 GPU, and more! Be part of the Pre-IPO hype and get in on the action now. 👉 @MEXC on X ↗