Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Lighter against Phemex+2.768%7-day average +3.346% · you sell dearer than you buy

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

Long on Phemex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+1.815%+$181 · spread now +2.768%, 7d avg +3.346%

Together, before fees+1.816%+ Points / potential airdropLighter: Season 3 · farm board+$182 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: Lighter is 0.578% cheaper against Phemex than usual: you would sell low and buy high, −$58 on $10k if it goes back to its 7-day average of +3.346%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ANTHROPICUSDT	2,107.7	0	get 0.0000% / 8h	4h 33m	$1.6M	$379K	10x
Short	Lighter ANTHROPIC	2,166	0	get 0.0000% / 1h	33m 40s	$1.9M	$930K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Phemex. 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 PhemexbpFee LighterbpOrdersPrice spread, now +2.768%Rate

Funding earned: $0
Price spread: +2.768% → +3.346%: −$57.83
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$69.83
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 4 min ago; Lighter: live order book, 8 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 Phemex live order book, 4 min ago	2.87 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	0.69 bp	25.5 bp −$26	96.3 bp −$963	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	−0.0420%	8h	2,107.8	+0.007%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0280%	1h	2,123.7	+0.762%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,107	−0.033%	$1.4M	$1.3M	10x	as long as short
Lighter ANTHROPICshort	0.0000%	1h	2,166	+2.768%	$1.9M	$930K	5x
Bybit ANTHROPICUSDT	0.0000%	8h	2,150.4	+2.026%	$2.4M	$351K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.7	+2.706%	$4.8M	$867K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,153.8	+2.187%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,104.6	−0.147%	$26.0M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,110.7	+0.144%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDTlong	0.0000%	8h	2,107.7	long leg	$1.6M	$379K	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	2,165.6	+2.749%	$6.2M	$15.8M	5x	as long as short
BloFin ANTHROPIC-USDT	+0.0043%	8h	2,107.3	−0.019%	$269K	$256K	20x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,106.8	−0.042%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.4	−0.013%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.2	−0.020%	$32.0M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.2	−0.021%	$7.8M	$277K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	+0.143%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.9	−0.035%	$2.4M	$681K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106	−0.077%	$10K	$150K	10x	as long as short
Entropy io:ANTH	+0.0080%	1h	2,153.8	+2.189%	$35.0M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.2	−0.022%	$10K	$63	10x	as long as short