Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.005%

Price spread now: Lighter RH against Aster+3.098%7-day average +3.310% · you sell dearer than you buy

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1561.557% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.930%+$93 · spread now +3.098%, 7d avg +3.310%

Together, before fees+0.892%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$89 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 0.212% cheaper against Aster than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +3.310%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ANTHROPICUSDT	2,103.9	0.0050	pay 0.0050% / 8h	5h 50m	$122K	$6K	10x
Short	Lighter RH ANTHROPIC	2,169.1	0.0032	get 0.0004% / 1h	50m 26s	$6.2M	$15.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Aster. 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 AsterbpFee Lighter RHbpOrdersPrice spread, now +3.098%Rate

Funding earned: −$3.78
Price spread: +3.098% → +3.310%: −$21.18
Slippage, 4 orders: −$147.69
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$180.65
Costs to cover: 1.557%
Break-even: never at this rate

Slippage from Aster: live order book, 10 min ago; Lighter RH: live order book, 3 min ago.

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 Aster live order book, 10 min ago	65.16 bp	78.3 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	0.23 bp	0.9 bp −$1	14.3 bp −$143	136.3 bp −$13.6K	doesn't fit

ANTHROPIC on 20 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	−0.0388%	8h	2,104.8	+0.044%	$41K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0144%	1h	2,123.7	+0.941%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,103.6	−0.016%	$1.4M	$1.3M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.6	+2.980%	$1.9M	$873K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150	+2.191%	$2.4M	$362K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166.1	+2.956%	$4.8M	$954K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,151.5	+2.264%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,101.3	−0.123%	$25.7M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,107.1	+0.151%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,104.7	+0.035%	$1.6M	$372K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPICshort	+0.0032%	1h	2,169.1	+3.098%	$6.2M	$15.9M	5x
Extended ANTHROP-USD	+0.0048%	1h	2,103.2	−0.033%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDTlong	+0.0050%	8h	2,103.9	long leg	$122K	$6K	10x
Binance ANTHROPICUSDT	+0.0050%	8h	2,103.8	−0.006%	$31.9M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,102.5	−0.067%	$7.8M	$276K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,114.6	+0.510%	$478K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,103.1	−0.040%	$2.4M	$679K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,103.4	−0.022%	$10K	$147K	10x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,102.8	−0.054%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0138%	1h	2,161.3	+2.728%	$35.2M	$7.5M	6x	as long as short