Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.031%

Price spread now: Coinbase International against BloFin+0.391%58s7-day average +0.334% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$880.884% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)+0.842%+$84 · spread now +0.391%, 7d avg +0.334%

Together, before fees+0.777%+$78 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.057% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.334%. Mind the row above: over the last 7 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ANTHROPIC-USDT	2,109.7	0.0031	pay 0.0031% / 8h	7h 19m	$273K	$260K	20x
Short	Coinbase International ANTHROPIC-PERP-INTX	2,117.9	0.0104	get 0.0013% / 1h	19m 55s	$267K	$28K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.391%Rate

Funding earned: $15.29
Price spread: +0.391% → +0.334%: $5.66
Slippage, 4 orders: −$66.38
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$67.43
Costs to cover: 0.884%
Break-even: 37.9 days

Slippage from BloFin: live order book, 47 min ago; Coinbase International: live order book, 13 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 BloFin live order book, 47 min ago	1.00 bp	9.8 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 13 min ago	23.09 bp	28.1 bp −$28	48.8 bp −$488	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	−0.0390%	8h	2,114.4	+0.223%	$42K	$69K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,109.2	−0.025%	$1.4M	$1.1M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,169.2	+2.820%	$1.9M	$878K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,151.3	+1.970%	$2.3M	$423K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166.5	+2.692%	$4.8M	$810K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,156.3	+2.210%	$2.4M	$1.0M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,107.3	−0.116%	$26.0M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,113.9	+0.199%	—	$2.2M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,110.2	+0.022%	$1.6M	$380K	10x	as long as short
BloFin ANTHROPIC-USDTlong	+0.0031%	8h	2,109.7	long leg	$273K	$260K	20x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,164.6	+2.602%	$6.4M	$16.5M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,109	−0.035%	$19K	$3K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,109.4	−0.016%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,109.5	−0.011%	$32.1M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,109.5	−0.009%	$7.8M	$273K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,117	+0.345%	$499K	$88K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,109.2	−0.026%	$2.3M	$650K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.5	−0.104%	$10K	$173K	10x	as long as short
Entropy io:ANTH	+0.0102%	1h	2,153.2	+2.062%	$35.1M	$7.4M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,109	−0.035%	$10K	$63	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTXshort	+0.0104%	1h	2,117.9	+0.391%	$267K	$28K	5x