Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.042%

Price spread now: OKX against Entropy+0.301%7-day average −0.967% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs+$73as in the Price arb table

costs, in and out, $10k−$540.542% of the position

Long on Entropy Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.367%−$37 on $10k

Price spread, last 7 days−1.326%−$133 · spread now +0.301%, 7d avg −0.967%

Together, before fees−1.693%−$169 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 1.268% dearer against Entropy than usual: you sell high and buy low (spread +0.301% now, against its 7-day average of −0.967%): +$127 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 48 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:ANTH	2,157.4	0.0089	pay 0.0011% / 1h	24m 27s	$35.1M	$7.5M	6x
Short	OKX ANTHROPIC-USDT-SWAP	2,163.9	0	get 0.0000% / 8h	5h 24m	$4.8M	$901K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Entropy. 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 EntropybpFee OKXbpOrdersPrice spread, now +0.301%Rate

Funding earned: −$18.67
Price spread: +0.301% → −0.967%: $126.83
Slippage, 4 orders: −$26.17
Fee Entropy: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: $53.98
Costs to cover: 0.542%
Break-even: from the start

Slippage from Entropy: live order book, 1 min ago; OKX: 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 Entropy live order book, 1 min ago	0.23 bp	15.5 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.23 bp	13.0 bp −$13	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	−0.0409%	8h	2,103	−2.520%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0144%	1h	2,123.7	−1.562%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,102.3	−2.554%	$1.4M	$1.3M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,164.3	+0.320%	$1.9M	$894K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150	−0.343%	$2.4M	$357K	25x	as long as short
OKX ANTHROPIC-USDT-SWAPshort	0.0000%	8h	2,163.9	+0.301%	$4.8M	$901K	10x
Gate ANTHROPIC_USDT	0.0000%	8h	2,151	−0.299%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,101.2	−2.607%	$25.7M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,105.9	−2.387%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,102.7	−2.535%	$1.5M	$374K	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	+0.0025%	8h	2,102.4	−2.549%	$269K	$255K	20x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,166.1	+0.403%	$6.3M	$16.1M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,101.9	−2.574%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,102.5	−2.546%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,102.4	−2.549%	$31.9M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,102.4	−2.549%	$7.8M	$277K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,111.2	−2.140%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,101.8	−2.578%	$2.4M	$679K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,102.1	−2.562%	$10K	$148K	10x	as long as short
Entropy io:ANTHlong	+0.0089%	1h	2,157.4	long leg	$35.1M	$7.5M	6x
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,102	−2.566%	$10K	—	10x	as long as short