Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8hnext payment +$0.50 per $10,000 · paid last 24h +0.015%

Price spread now: Aster against OKX−2.746%7-day average −2.591% · you buy dearer than you sell

Net, funding: paid 7d − costs−$350as in the Funding arb table

Net, price: spread back to 7d avg − costs−$376as in the Price arb table

costs, in and out, $10k−$3603.602% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 3 days (all we have)+0.235%+$24 · spread now −2.746%, 7d avg −2.591%

Together, before fees+0.340%+ Points / potential airdropAster: Stage 5 · farm board+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.154% cheaper against OKX than usual: you would sell low and buy high (spread −2.746% now, against its 7-day average of −2.591%). If the spread goes back, that is −$15 on $10k: about 10 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ANTHROPIC-USDT-SWAP	2,177.6	0	get 0.0000% / 8h	4h 16m	$4.8M	$1.1M	10x
Short	Aster ANTHROPICUSDT	2,117.8	0.0050	get 0.0050% / 8h	4h 16m	$122K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now −2.746%Rate

Funding earned: $10.5
Price spread: −2.746% → −2.591%: −$15.41
Slippage, 4 orders: −$342.25
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$365.16
Costs to cover: 3.602%
Break-even: 250.4 days

Slippage from OKX: live order book, 1 min ago; Aster: live order book, 11 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 OKX live order book, 1 min ago	1.61 bp	27.7 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 11 min ago	55.77 bp	66.5 bp −$67	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	−0.0234%	8h	2,118.3	−2.722%	$42K	$70K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0016%	1h	2,129.2	−2.222%	$268K	$27K	5x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,188.1	+0.482%	$1.9M	$682K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,161.5	−0.742%	$2.4M	$308K	25x	as long as short
OKX ANTHROPIC-USDT-SWAPlong	0.0000%	8h	2,177.6	long leg	$4.8M	$1.1M	10x
Gate ANTHROPIC_USDT	0.0000%	8h	2,165	−0.580%	$2.5M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,115.9	−2.834%	$26.1M	$2.7M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,121.1	−2.595%	—	$2.6M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,118.3	−2.723%	$1.6M	$355K	10x	as long as short
QFEX ANTHROPIC-USD	+0.0009%	1h	2,118	−2.739%	$1.4M	$1.4M	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	2,186.3	+0.400%	$6.2M	$17.0M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,117.6	−2.755%	$19K	$38K	10x	as long as short
Aster ANTHROPICUSDTshort	+0.0050%	8h	2,117.8	−2.746%	$122K	$5K	10x
Binance ANTHROPICUSDT	+0.0050%	8h	2,117.7	−2.751%	$32.1M	$7.6M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,117.5	−2.761%	$7.8M	$274K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,129.4	−2.215%	$479K	$14K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,117.8	−2.747%	$2.3M	$518K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,118.5	−2.715%	$10K	$152K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0070%	8h	2,118.8	−2.698%	$273K	$260K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,118	−2.737%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0114%	1h	2,177.5	−0.005%	$35.2M	$7.2M	6x	as long as short