Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0388%/8h= +42.4% APRpaid last 24h +0.108%

Price spread now: Lighter against HTX+2.934%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.619%+$62 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Lighter is 2.934% dearer against HTX than usual: you sell high and buy low: +$293 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ANTHROPIC-USDT	2,104.8	−0.0388	get 0.0388% / 8h	5h 50m	$41K	$67K	20x
Short	Lighter ANTHROPIC	2,166.6	0	get 0.0000% / 1h	50m 37s	$1.9M	$873K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now +2.934%Rate

Funding earned: $81.4
Price spread: +2.934% → 0.000%: $293.42
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $362.82
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; Lighter: live order book, 6 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 HTX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 6 min ago	0.69 bp	37.5 bp −$37	111.7 bp −$1,117	doesn't fit	doesn't fit

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 20 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-USDTlong	−0.0388%	8h	2,104.8	long leg	$41K	$67K	20x
Coinbase International ANTHROPIC-PERP-INTX	−0.0144%	1h	2,123.7	+0.897%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,103.6	−0.060%	$1.4M	$1.3M	10x	as long as short
Lighter ANTHROPICshort	0.0000%	1h	2,166.6	+2.934%	$1.9M	$873K	5x
Bybit ANTHROPICUSDT	0.0000%	8h	2,150	+2.146%	$2.4M	$362K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166.2	+2.915%	$4.8M	$954K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,151.5	+2.219%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,101.6	−0.155%	$25.7M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,107.1	+0.107%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,104.7	−0.009%	$1.6M	$372K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,169.1	+3.053%	$6.2M	$15.9M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,103.2	−0.077%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,103.9	−0.044%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,103.8	−0.048%	$31.9M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,103.5	−0.064%	$7.8M	$276K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,114.6	+0.466%	$478K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,103.1	−0.084%	$2.4M	$679K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,103.4	−0.066%	$10K	$147K	10x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,102.8	−0.098%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0138%	1h	2,161.3	+2.682%	$35.2M	$7.5M	6x	as long as short