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: Lighter RH against MEXC+2.765%7-day average +3.734% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

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

Long on MEXC Short on Lighter RH

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+0.673%+$67 · spread now +2.765%, 7d avg +3.734%

Together, before fees+0.635%+ Points / potential airdropLighter RH: Points live · farm board+$64 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.969% cheaper against MEXC than usual: you would sell low and buy high (−$97 if the spread goes back to its 7-day average of +3.734%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ANTHROPIC_USDT	2,107.3	0.0050	pay 0.0050% / 8h	4h 32m	$7.8M	$277K	50x
Short	Lighter RH ANTHROPIC	2,165.6	0.0032	get 0.0004% / 1h	32m 44s	$6.2M	$15.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against MEXC. 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 MEXCbpFee Lighter RHbpOrdersPrice spread, now +2.765%Rate

Funding earned: −$3.78
Price spread: +2.765% → +3.734%: −$96.9
Slippage, 4 orders: −$1.81
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$102.49
Costs to cover: 0.018%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Lighter RH: live order book, 6 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 MEXC live order book, 5 min ago	0.19 bp	1.0 bp −$1	57.4 bp −$574	433.6 bp −$43.4K	doesn't fit
Sell Lighter RH live order book, 6 min ago	0.23 bp	0.2 bp $0	10.6 bp −$106	122.6 bp −$12.3K	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	+0.023%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0280%	1h	2,123.7	+0.777%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,107	−0.017%	$1.4M	$1.3M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,165.8	+2.775%	$1.9M	$930K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150.4	+2.046%	$2.4M	$351K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.8	+2.727%	$4.8M	$867K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,153.6	+2.198%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,104.6	−0.129%	$26.0M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,111.3	+0.188%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,107.9	+0.027%	$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 ANTHROPICshort	+0.0032%	1h	2,165.6	+2.765%	$6.2M	$15.8M	5x
Extended ANTHROP-USD	+0.0048%	1h	2,106.7	−0.030%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.3	−0.001%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.3	−0.004%	$32.0M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDTlong	+0.0050%	8h	2,107.3	long leg	$7.8M	$277K	50x
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	+0.159%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.9	−0.020%	$2.4M	$681K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106.1	−0.059%	$10K	$150K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0080%	8h	2,107.2	−0.004%	$269K	$256K	20x	as long as short
Entropy io:ANTH	+0.0080%	1h	2,153.7	+2.200%	$35.0M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.1	−0.009%	$10K	$63	10x	as long as short