Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against OKX−2.723%7-day average −2.602% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.092%+$9 · spread now −2.723%, 7d avg −2.602%

Together, before fees+0.092%+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.121% cheaper against OKX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −2.602%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ANTHROPIC-USDT-SWAP	2,169.2	0	get 0.0000% / 8h	6h 59m	$4.8M	$1.0M	10x
Short	Phemex ANTHROPICUSDT	2,110.1	0	get 0.0000% / 8h	6h 59m	$1.6M	$375K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −2.723%Rate

Funding earned: $0
Price spread: −2.723% → −2.602%: −$12.06
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$34.06
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 min ago; Phemex: live order book, 3 min ago. Net counts fees only.

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, 3 min ago	1.38 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	3.48 bp	doesn't fit	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	−0.0338%	8h	2,109	−2.773%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0080%	1h	2,123.7	−2.097%	$267K	$26K	5x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,108.2	−2.810%	$1.4M	$1.4M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,168.6	−0.028%	$1.9M	$915K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,154.8	−0.662%	$2.4M	$380K	25x	as long as short
OKX ANTHROPIC-USDT-SWAPlong	0.0000%	8h	2,169.2	long leg	$4.8M	$1.0M	10x
Gate ANTHROPIC_USDT	0.0000%	8h	2,156.5	−0.587%	$2.4M	$1.2M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,105.5	−2.937%	$25.8M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,112.6	−2.609%	—	$2.6M	10x	as long as short
Phemex ANTHROPICUSDTshort	0.0000%	8h	2,110.1	−2.723%	$1.6M	$375K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,173.6	+0.203%	$6.3M	$16.9M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,108	−2.821%	$19K	$38K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,108.5	−2.799%	$122K	$7K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,108.5	−2.797%	$32.0M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,108.6	−2.793%	$7.8M	$281K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,119.6	−2.287%	$478K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,108.1	−2.818%	$2.4M	$664K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,110.6	−2.700%	$10K	$150K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0066%	8h	2,108	−2.822%	$268K	$257K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,108.1	−2.815%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0127%	1h	2,166.5	−0.124%	$35.3M	$7.6M	6x	as long as short