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: SunX against Phemex+0.200%7-day average −0.175% · you sell dearer than you buy

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

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−1.836%−$184 · spread now +0.200%, 7d avg −0.175%

Together, before fees−1.836%−$184 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: SunX is 0.374% dearer against Phemex than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of −0.175%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ANTHROPICUSDT	2,108.1	0	get 0.0000% / 8h	2h 07m	$1.6M	$382K	10x
Short	SunX ANTHROPIC-USDT	2,112.3	0	get 0.0000% / 8h	2h 07m	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.200%Rate

Funding earned: $0
Price spread: +0.200% → −0.175%: $37.44
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: $17.44
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Phemex: live order book, 1 min ago; SunX: live order book, 10 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, 1 min ago	2.87 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	515.87 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	−0.0457%	8h	2,107.6	−0.024%	$42K	$68K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0064%	1h	2,118.4	+0.490%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0006%	1h	2,107.6	−0.025%	$1.4M	$1.2M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.8	+2.785%	$1.9M	$946K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,153.3	+2.143%	$2.3M	$425K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166.3	+2.761%	$4.8M	$857K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,153.7	+2.163%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,106	−0.097%	$25.9M	$3.3M	20x	as long as short
SunX ANTHROPIC-USDTshort	0.0000%	8h	2,112.3	+0.200%	—	$2.4M	10x
Phemex ANTHROPICUSDTlong	0.0000%	8h	2,108.1	long leg	$1.6M	$382K	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	2,162.5	+2.581%	$6.3M	$16.4M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,107.2	−0.042%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.7	−0.017%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.8	−0.015%	$32.1M	$8.4M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.6	−0.021%	$7.8M	$278K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	+0.125%	$498K	$25K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.7	−0.067%	$2.4M	$707K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106.7	−0.065%	$10K	$160K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0062%	8h	2,107.6	−0.024%	$268K	$258K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.2	−0.043%	$10K	$63	10x	as long as short
Entropy io:ANTH	+0.0121%	1h	2,152	+2.083%	$34.9M	$7.5M	6x	as long as short