Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%

Price spread now: Extended against Gate−2.229%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 2.229% cheaper against Gate than usual: you would sell low and buy high (spread −2.229% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$223 on $10k: about 5 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ANTHROPIC_USDT	2,155.7	0	get 0.0000% / 8h	6h 16m	$2.4M	$996K	50x
Short	Extended ANTHROP-USD	2,107.6	0.0048	get 0.0006% / 1h	16m 19s	$10K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now −2.229%Rate

Funding earned: $10.08
Price spread: −2.229% → 0.000%: −$222.91
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$232.83
Costs to cover: 0.200%
Break-even: 168.7 days

Slippage unknown: Gate: live order book, 5 min ago; Extended: 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 Gate live order book, 5 min ago	6.86 bp	108.5 bp −$109	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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 exchanges

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	−0.0406%	8h	2,108.8	−2.176%	$42K	$68K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,108.2	−2.200%	$1.4M	$1.0M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,170.9	+0.707%	$1.9M	$835K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,151.9	−0.173%	$2.3M	$386K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166.6	+0.508%	$4.8M	$783K	10x	as long as short
Gate ANTHROPIC_USDTlong	0.0000%	8h	2,155.7	long leg	$2.4M	$996K	50x
Bitget ANTHROPICUSDT	0.0000%	8h	2,107.3	−2.243%	$25.9M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,112.9	−1.984%	—	$1.8M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,109.5	−2.140%	$1.6M	$362K	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0008%	1h	2,117.9	−1.750%	$267K	$26K	5x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,164.9	+0.429%	$6.3M	$16.6M	5x	as long as short
Extended ANTHROP-USDshort	+0.0048%	1h	2,107.6	−2.229%	$10K	$11K	10x
Aster ANTHROPICUSDT	+0.0050%	8h	2,108.4	−2.191%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,108.2	−2.200%	$32.1M	$7.4M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,108.5	−2.187%	$7.8M	$257K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,115.8	−1.847%	$499K	$162K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,107.3	−2.243%	$2.3M	$629K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,108.3	−2.195%	$10K	$181K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0052%	8h	2,107.3	−2.244%	$273K	$251K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.8	−2.219%	$10K	$63	10x	as long as short
Entropy io:ANTH	+0.0121%	1h	2,155.4	−0.012%	$35.1M	$7.2M	6x	as long as short