Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.021%

Price spread now: Entropy against BloFin+2.107%90s7-day average +2.774% · you sell dearer than you buy

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

Long on BloFin Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days+0.272%+$27 on $10k

Price spread, last 4 days (all we have)+1.516%+$152 · spread now +2.107%, 7d avg +2.774%

Together, before fees+1.788%+$179 on $10k · with fees, hour by hour

Funding pays, the price is against you. Entropy is 0.667% cheaper against BloFin than usual: you would sell low and buy high (spread +2.107% now, against its 7-day average of +2.774%). If the spread goes back, that is −$67 on $10k: about 37 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.272% in total) that is about 17 days. The two prices were read 90 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	2,107.6	0.0062	pay 0.0062% / 8h	2h 07m	$268K	$258K	20x
Short	Entropy io:ANTH	2,152	0.0121	get 0.0015% / 1h	7m 49s	$34.9M	$7.5M	6x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 EntropybpOrdersPrice spread, now +2.107%Rate

Funding earned: $12.48
Price spread: +2.107% → +2.774%: −$66.66
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$84.18
Costs to cover: 0.300%
Break-even: 54.2 days

Slippage unknown: BloFin: live order book, 9 min ago; Entropy: live order book, 9 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 BloFin live order book, 9 min ago	0.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Entropy live order book, 9 min ago	0.23 bp	14.2 bp −$14	doesn't fit	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	−0.0457%	8h	2,107.6	0.000%	$42K	$68K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0064%	1h	2,118.4	+0.514%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0006%	1h	2,107	−0.028%	$1.4M	$1.2M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.8	+2.809%	$1.9M	$946K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,153.1	+2.160%	$2.3M	$425K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166.2	+2.781%	$4.8M	$857K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,153.2	+2.166%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,106	−0.074%	$25.9M	$3.3M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,112.3	+0.223%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,108.1	+0.024%	$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 ANTHROPIC	+0.0032%	1h	2,162.5	+2.605%	$6.3M	$16.4M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,107.1	−0.023%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.8	+0.009%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.8	+0.010%	$32.1M	$8.4M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.9	+0.013%	$7.8M	$278K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	+0.149%	$498K	$25K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.7	−0.043%	$2.4M	$707K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106.7	−0.041%	$10K	$160K	10x	as long as short
BloFin ANTHROPIC-USDTlong	+0.0062%	8h	2,107.6	long leg	$268K	$258K	20x
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.2	−0.019%	$10K	$63	10x	as long as short
Entropy io:ANTHshort	+0.0121%	1h	2,152	+2.107%	$34.9M	$7.5M	6x