Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h +0.066%

Price spread now: Coinbase International against OKX−1.857%7-day average −2.348% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$960.959% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.464%+$46 · spread now −1.857%, 7d avg −2.348%

Together, before fees+0.493%+$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.491% dearer against OKX than usual: you sell high and buy low (spread −1.857% now, against its 7-day average of −2.348%): +$49 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ANTHROPIC-USDT-SWAP	2,163.9	0	get 0.0000% / 8h	5h 25m	$4.8M	$901K	10x
Short	Coinbase International ANTHROPIC-PERP-INTX	2,123.7	−0.0144	pay 0.0018% / 1h	25m 36s	$267K	$25K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −1.857%Rate

Funding earned: −$30.24
Price spread: −1.857% → −2.348%: $49.09
Slippage, 4 orders: −$75.86
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$77.01
Costs to cover: 0.959%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Coinbase International: live order book, 37 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, 2 min ago	0.23 bp	11.9 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 37 min ago	29.50 bp	34.5 bp −$34	48.7 bp −$487	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	−0.0405%	8h	2,103	−2.813%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTXshort	−0.0144%	1h	2,123.7	−1.857%	$267K	$25K	5x
QFEX ANTHROPIC-USD	−0.0004%	1h	2,102.3	−2.847%	$1.4M	$1.3M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,164.3	+0.018%	$1.9M	$893K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150	−0.642%	$2.4M	$357K	25x	as long as short
OKX ANTHROPIC-USDT-SWAPlong	0.0000%	8h	2,163.9	long leg	$4.8M	$901K	10x
Gate ANTHROPIC_USDT	0.0000%	8h	2,150.7	−0.612%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,101.2	−2.899%	$25.7M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,105.9	−2.680%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,102.7	−2.826%	$1.5M	$374K	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	2,166	+0.097%	$6.3M	$16.1M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,101.8	−2.868%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,102.6	−2.834%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,102.4	−2.842%	$31.9M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,102.3	−2.848%	$7.8M	$277K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,112	−2.399%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,101.8	−2.871%	$2.4M	$679K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,101.9	−2.865%	$10K	$148K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0067%	8h	2,102	−2.859%	$269K	$255K	20x	as long as short
Entropy io:ANTH	+0.0090%	1h	2,157.6	−0.291%	$35.1M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,101.7	−2.872%	$10K	—	10x	as long as short