Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: SunX against Lighter−2.587%7-day average −3.556% · you buy dearer than you sell

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

Long on Lighter Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 3 days (all we have)−3.488%−$349 · spread now −2.587%, 7d avg −3.556%

Together, before fees−3.490%+ Points / potential airdropLighter: Season 3 · farm board−$349 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: SunX is 0.969% dearer against Lighter than usual: you sell high and buy low, +$97 on $10k if it goes back to its 7-day average of −3.556%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ANTHROPIC	2,168.7	0	get 0.0000% / 1h	59m 31s	$1.9M	$909K	5x
Short	SunX ANTHROPIC-USDT	2,112.6	0	get 0.0000% / 8h	6h 59m	—	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Lighter. 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 LighterbpFee SunXbpOrdersPrice spread, now −2.587%Rate

Funding earned: $0
Price spread: −2.587% → −3.556%: $96.92
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: $88.92
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Lighter: live order book, 7 min ago; SunX: live order book, 7 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 Lighter live order book, 7 min ago	13.84 bp	40.1 bp −$40	147.5 bp −$1,475	699.6 bp −$70.0K	doesn't fit
Sell SunX live order book, 7 min ago	496.60 bp	doesn't fit	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	−0.0338%	8h	2,109	−2.751%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0080%	1h	2,123.7	−2.075%	$267K	$26K	5x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,108.6	−2.769%	$1.4M	$1.4M	10x	as long as short
Lighter ANTHROPIClong	0.0000%	1h	2,168.7	long leg	$1.9M	$909K	5x
Bybit ANTHROPICUSDT	0.0000%	8h	2,154.8	−0.639%	$2.4M	$380K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,169.1	+0.018%	$4.8M	$1.0M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,156.5	−0.563%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,105.9	−2.894%	$25.9M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDTshort	0.0000%	8h	2,112.6	−2.587%	—	$2.6M	10x
Phemex ANTHROPICUSDT	0.0000%	8h	2,110.1	−2.700%	$1.6M	$375K	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	2,173.5	+0.221%	$6.3M	$16.2M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,108.1	−2.793%	$19K	$38K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,108.7	−2.766%	$122K	$7K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,108.7	−2.768%	$32.0M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,108.7	−2.765%	$7.8M	$275K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,119.6	−2.264%	$478K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,108.1	−2.795%	$2.4M	$664K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,109.5	−2.728%	$10K	$151K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0066%	8h	2,108	−2.799%	$268K	$257K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,108.1	−2.793%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0107%	1h	2,166.4	−0.106%	$35.3M	$7.6M	6x	as long as short