Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0445%/8h= −48.7% APRpaid last 24h −0.117%

Price spread now: HTX against Lighter RH−2.935%7-day average — · you buy dearer than you sell

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

Long on Lighter RH Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.685%−$68 on $10k

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

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

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and HTX is 2.935% cheaper against Lighter RH than usual: you would sell low and buy high (−$293 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ANTHROPIC	2,166.1	0.0032	pay 0.0004% / 1h	23m 36s	$6.3M	$16.1M	5x
Short	HTX ANTHROPIC-USDT	2,102.5	−0.0413	pay 0.0413% / 8h	5h 23m	$41K	$67K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Lighter RH. 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 Lighter RHbpFee HTXbpOrdersPrice spread, now −2.935%Rate

Funding earned: −$93.37
Price spread: −2.935% → 0.000%: −$293.48
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$398.85
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 5 min ago; HTX: 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 Lighter RH live order book, 5 min ago	0.23 bp	0.9 bp −$1	11.9 bp −$119	231.5 bp −$23.1K	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

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 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-USDTshort	−0.0413%	8h	2,102.5	−2.935%	$41K	$67K	20x
Coinbase International ANTHROPIC-PERP-INTX	−0.0144%	1h	2,123.7	−1.957%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,102.3	−2.944%	$1.4M	$1.3M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,164.4	−0.078%	$1.9M	$895K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150	−0.743%	$2.4M	$357K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,163.9	−0.102%	$4.8M	$901K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,151.4	−0.680%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,101.5	−2.985%	$25.7M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,106.1	−2.770%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,103.6	−2.885%	$1.6M	$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	−2.941%	$269K	$255K	20x	as long as short
Lighter RH ANTHROPIClong	+0.0032%	1h	2,166.1	long leg	$6.3M	$16.1M	5x
Extended ANTHROP-USD	+0.0048%	1h	2,101.9	−2.966%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,102.5	−2.937%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,102.4	−2.941%	$31.9M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,102.6	−2.933%	$7.8M	$277K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.8	−2.553%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,101.8	−2.969%	$2.4M	$679K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,102.1	−2.954%	$10K	$148K	10x	as long as short
Entropy io:ANTH	+0.0089%	1h	2,157.3	−0.406%	$35.1M	$7.5M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,102	−2.957%	$10K	—	10x	as long as short