Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%

Price spread now: KuCoin against Aevo+0.087%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. KuCoin is 0.087% dearer against Aevo than usual: you sell high and buy low (spread +0.087% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ANTHROPIC-PERP	2,108.9	0.0104	pay 0.0013% / 1h	24m 06s	$10K	$63	10x
Short	KuCoin ANTHROPICUSDTM	2,110.7	0.0050	get 0.0050% / 8h	1h 24m	$498K	$25K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aevo. 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 AevobpFee KuCoinbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$11.34
Price spread: +0.087% → 0.000%: $8.73
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$30.61
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; KuCoin: live order book, 20 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 Aevo no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 20 min ago	18.56 bp	170.7 bp −$171	doesn't fit	doesn't fit	doesn't fit

Aevo: 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	−0.0431%	8h	2,109.2	+0.012%	$42K	$68K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0080%	1h	2,120.7	+0.560%	$267K	$25K	5x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,168	+2.803%	$1.9M	$904K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,154.8	+2.179%	$2.3M	$423K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.5	+2.637%	$4.8M	$849K	10x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,108.7	−0.008%	$1.4M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,153.9	+2.136%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,105.7	−0.153%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,111.9	+0.143%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,108.4	−0.022%	$1.6M	$384K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ANTHROPIC-USDT	+0.0020%	8h	2,109.1	+0.011%	$270K	$260K	20x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,164.7	+2.646%	$6.4M	$16.5M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,108.3	−0.030%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,108.8	−0.005%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,108.8	−0.006%	$32.2M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,108.4	−0.023%	$7.8M	$274K	50x	as long as short
KuCoin ANTHROPICUSDTMshort	+0.0050%	8h	2,110.7	+0.087%	$498K	$25K	20x
Variational Omni ANTHROPIC	+0.0050%	8h	2,108.6	−0.012%	$2.3M	$648K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.1	−0.084%	$10K	$165K	10x	as long as short
Entropy io:ANTH	+0.0101%	1h	2,153.4	+2.111%	$35.0M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERPlong	+0.0104%	1h	2,108.9	long leg	$10K	$63	10x