Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.005%

Price spread now: MEXC against Lighter RH−2.690%7-day average −3.734% · you buy dearer than you sell

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs+$103as in the Price arb table

costs, in and out, $10k−$20.018% of the position

Long on Lighter RH Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days−0.748%−$75 · spread now −2.690%, 7d avg −3.734%

Together, before fees−0.710%+ Points / potential airdropLighter RH: Points live · farm board−$71 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 MEXC is 1.044% dearer against Lighter RH than usual: you sell high and buy low: +$104 more if the spread goes back to its 7-day average of −3.734%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ANTHROPIC	2,165.6	0.0032	pay 0.0004% / 1h	32m 47s	$6.2M	$15.8M	5x
Short	MEXC ANTHROPIC_USDT	2,107.3	0.0050	get 0.0050% / 8h	4h 32m	$7.8M	$277K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −2.690%Rate

Funding earned: $3.78
Price spread: −2.690% → −3.734%: $104.38
Slippage, 4 orders: −$1.81
Fee Lighter RH: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: $106.35
Costs to cover: 0.018%
Break-even: from the start

Slippage from Lighter RH: live order book, 6 min ago; MEXC: live order book, 5 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 Lighter RH live order book, 6 min ago	0.23 bp	0.2 bp $0	9.7 bp −$97	231.1 bp −$23.1K	doesn't fit
Sell MEXC live order book, 5 min ago	0.19 bp	0.4 bp $0	1.6 bp −$16	281.5 bp −$28.2K	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	−0.0422%	8h	2,107.8	−2.669%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0280%	1h	2,123.7	−1.934%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,107	−2.707%	$1.4M	$1.3M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,165.8	+0.009%	$1.9M	$930K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150.5	−0.700%	$2.4M	$351K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.8	−0.037%	$4.8M	$867K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,153.7	−0.548%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,104.6	−2.816%	$26.0M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,111.3	−2.507%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,107.9	−2.665%	$1.6M	$379K	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 ANTHROPIClong	+0.0032%	1h	2,165.6	long leg	$6.2M	$15.8M	5x
Extended ANTHROP-USD	+0.0048%	1h	2,106.7	−2.720%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.3	−2.692%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.2	−2.695%	$32.0M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDTshort	+0.0050%	8h	2,107.3	−2.690%	$7.8M	$277K	50x
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	−2.536%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.9	−2.710%	$2.4M	$681K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106.1	−2.748%	$10K	$150K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0080%	8h	2,107.2	−2.695%	$269K	$256K	20x	as long as short
Entropy io:ANTH	+0.0080%	1h	2,153.8	−0.545%	$35.0M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.1	−2.700%	$10K	$63	10x	as long as short