Settings8H · net · $10k
Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.005%
Price spread now: KuCoin against Lighter RH−2.568%7-day average −3.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$679as in the Funding arb table
Net, price: spread back to 7d avg − costs−$633as in the Price arb table
costs, in and out, $10k−$6836.828% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.038%+$4 on $10k
Price spread, last 4 days (all we have)−1.143%−$114 · spread now −2.568%, 7d avg −3.066%
Together, before fees−1.105%+ Points / potential airdropLighter RH: Points live · farm board−$110 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.497% dearer against Lighter RH than usual: you sell high and buy low: +$50 more if the spread goes back to its 7-day average of −3.066%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH ANTHROPIC2,170.10.0032pay 0.0004% / 1h30m 57s$6.4M$16.4M5x
ShortKuCoin ANTHROPICUSDTM2,114.40.0050get 0.0050% / 8h30m 57s$499K$26K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$3.78
Price spread: −2.568% → −3.066%
$49.74
Slippage, 4 orders
−$670.81
Fee Lighter RH: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$629.29
Costs to cover
6.828%
Break-even
1172.4 days
Slippage from Lighter RH: live order book, 3 min ago; KuCoin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 3 min ago0.23 bp0.4 bp $016.5 bp −$165219.0 bp −$21.9Kdoesn't fit
Sell KuCoin live order book, 3 min ago11.32 bp145.8 bp −$146doesn't fitdoesn't fitdoesn't fit

ANTHROPIC on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ANTHROPIC-USDT−0.0425%8h2,109.3−2.802%$42K$69K20xas long as short
QFEX ANTHROPIC-USD−0.0002%1h2,108.1−2.857%$1.4M$1.1M10xas long as short
Bybit ANTHROPICUSDT0.0000%8h2,153.8−0.750%$2.3M$422K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,165−0.235%$4.8M$852K10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,155.3−0.683%$2.4M$1.0M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,105.2−2.991%$25.9M$3.2M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,112.2−2.668%$2.4M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,108.5−2.840%$1.6M$382K10xas long as short
Lighter ANTHROPIC+0.0008%1h2,172.7+0.120%$1.9M$877K5xas long as short
Lighter RH ANTHROPIClong+0.0032%1h2,170.1long leg$6.4M$16.4M5x
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended ANTHROP-USD+0.0048%1h2,107.6−2.879%$19K$5K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,108.3−2.849%$122K$6K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,108.2−2.852%$32.1M$8.3M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,107.8−2.870%$7.8M$270K50xas long as short
KuCoin ANTHROPICUSDTMshort+0.0050%8h2,114.4−2.568%$499K$26K20x
Variational Omni ANTHROPIC+0.0050%8h2,107.9−2.867%$2.3M$655Kas long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,108−2.860%$10K$167K10xas long as short
BloFin ANTHROPIC-USDT+0.0050%8h2,108.1−2.858%$270K$258K20xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,108.1−2.856%$10K$6310xas long as short
Coinbase International ANTHROPIC-PERP-INTX+0.0128%1h2,120.7−2.276%$267K$25K5xas long as short
Entropy io:ANTH+0.0131%1h2,156.8−0.613%$35.0M$7.5M6xas long as short