Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h 0.000%

Price spread now: QFEX against Gate−2.298%7-day average −2.205% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$188as in the Price arb table

costs, in and out, $10k−$1781.782% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 7 days+0.324%+$32 · spread now −2.298%, 7d avg −2.205%

Together, before fees+0.322%+$32 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.093% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −2.205%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ANTHROPIC_USDT	2,160.2	0	get 0.0000% / 8h	12m 48s	$2.5M	$1.2M	50x
Short	QFEX ANTHROPIC-USD	2,110.6	−0.0002	pay 0.0000% / 1h	12m 48s	$1.4M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now −2.298%Rate

Funding earned: −$0.39
Price spread: −2.298% → −2.205%: −$9.31
Slippage, 4 orders: −$153.25
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$187.95
Costs to cover: 1.782%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; QFEX: live order book, 4 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 Gate live order book, 5 min ago	10.91 bp	128.6 bp −$129	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.61 bp	7.8 bp −$8	14.6 bp −$146	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
Coinbase International ANTHROPIC-PERP-INTX	−0.0376%	1h	2,123.7	−1.691%	$267K	$26K	5x	as long as short
HTX ANTHROPIC-USDT	−0.0279%	8h	2,116.4	−2.032%	$42K	$70K	20x	as long as short
QFEX ANTHROPIC-USDshort	−0.0002%	1h	2,110.6	−2.298%	$1.4M	$1.5M	10x
Lighter ANTHROPIC	0.0000%	1h	2,172.8	+0.581%	$1.9M	$862K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,158.2	−0.094%	$2.4M	$381K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,174.1	+0.642%	$4.8M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDTlong	0.0000%	8h	2,160.2	long leg	$2.5M	$1.2M	50x
Bitget ANTHROPICUSDT	0.0000%	8h	2,108	−2.421%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,114.1	−2.136%	—	$2.6M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,114	−2.139%	$1.6M	$377K	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	2,174	+0.637%	$6.3M	$17.3M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,110.5	−2.301%	$19K	$38K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,111.8	−2.242%	$123K	$7K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,113.5	−2.164%	$32.0M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,112	−2.235%	$7.8M	$279K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,120.1	−1.860%	$479K	$21K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,108	−2.418%	$2.3M	$515K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.7	−2.431%	$10K	$157K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0074%	8h	2,113.2	−2.179%	$268K	$260K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,111.8	−2.243%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0121%	1h	2,162	+0.081%	$35.2M	$7.7M	6x	as long as short