Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0459%/8h= −50.2% APRpaid last 24h −0.168%

Price spread now: HTX against Coinbase International−0.875%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.639%−$64 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and HTX is 0.875% cheaper against Coinbase International than usual: you would sell low and buy high (−$88 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ANTHROPIC-PERP-INTX	2,123.7	0.0008	pay 0.0001% / 1h	36m 59s	$267K	$25K	5x
Short	HTX ANTHROPIC-USDT	2,105.1	−0.0451	pay 0.0451% / 8h	3h 36m	$42K	$67K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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 Coinbase InternationalbpFee HTXbpOrdersPrice spread, now −0.875%Rate

Funding earned: −$96.33
Price spread: −0.875% → 0.000%: −$87.54
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$205.87
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 16 min ago; HTX: no order-book sample. 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 Coinbase International live order book, 16 min ago	30.78 bp	36.5 bp −$36	55.1 bp −$551	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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-USDTshort	−0.0451%	8h	2,105.1	−0.875%	$42K	$67K	20x
Lighter ANTHROPIC	0.0000%	1h	2,166.4	+2.010%	$1.8M	$946K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150.7	+1.269%	$2.4M	$351K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.9	+1.940%	$4.8M	$877K	10x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,104.1	−0.922%	$1.4M	$1.2M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,152.5	+1.358%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,103.7	−0.941%	$25.9M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,108.4	−0.721%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,105.5	−0.860%	$1.6M	$375K	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTXlong	+0.0008%	1h	2,123.7	long leg	$267K	$25K	5x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,161.5	+1.779%	$6.3M	$15.9M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,103.6	−0.947%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,104	−0.927%	$121K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,104.2	−0.917%	$32.0M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,104.3	−0.912%	$7.8M	$276K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	−0.614%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,104.8	−0.892%	$2.4M	$689K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,104.9	−0.885%	$10K	$155K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0064%	8h	2,104.6	−0.898%	$270K	$256K	20x	as long as short
Entropy io:ANTH	+0.0067%	1h	2,149.9	+1.233%	$34.8M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,103.9	−0.932%	$10K	$63	10x	as long as short