Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Aster against QFEX−0.001%7-day average +0.105% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$298as in the Price arb table

costs, in and out, $10k−$2882.876% of the position

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.001%, 7d avg +0.105%

Together, before fees+0.114%+ Points / potential airdropAster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.106% cheaper against QFEX than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.105%). If the spread goes back, that is −$11 on $10k: about 7.1 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	QFEX ANTHROPIC-USD	2,105.7	0	get 0.0000% / 1h	41m 43s	$1.4M	$1.2M	10x
Short	Aster ANTHROPICUSDT	2,105.6	0.0050	get 0.0050% / 8h	3h 41m	$121K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now −0.001%Rate

Funding earned: $10.5
Price spread: −0.001% → +0.105%: −$10.61
Slippage, 4 orders: −$269.64
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$287.75
Costs to cover: 2.876%
Break-even: 198.8 days

Slippage from QFEX: live order book, 9 min ago; Aster: live order book, 9 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 QFEX live order book, 9 min ago	1.38 bp	8.4 bp −$8	11.7 bp −$117	doesn't fit	doesn't fit
Sell Aster live order book, 9 min ago	59.71 bp	64.9 bp −$65	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	−0.0448%	8h	2,106	+0.017%	$42K	$67K	20x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.4	+2.885%	$1.8M	$946K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,151.8	+2.190%	$2.4M	$352K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.7	+2.804%	$4.8M	$875K	10x	as long as short
QFEX ANTHROPIC-USDlong	0.0000%	1h	2,105.7	long leg	$1.4M	$1.2M	10x
Gate ANTHROPIC_USDT	0.0000%	8h	2,153.1	+2.253%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,103.9	−0.085%	$25.9M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,110	+0.207%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,105.5	−0.005%	$1.6M	$376K	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0008%	1h	2,123.7	+0.858%	$267K	$25K	5x	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	2,161.1	+2.633%	$6.2M	$15.8M	5x	as long as short
BloFin ANTHROPIC-USDT	+0.0047%	8h	2,105.7	+0.001%	$269K	$257K	20x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,105	−0.031%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDTshort	+0.0050%	8h	2,105.6	−0.001%	$121K	$6K	10x
Binance ANTHROPICUSDT	+0.0050%	8h	2,105.2	−0.021%	$32.0M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,105.2	−0.023%	$7.8M	$276K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	+0.239%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,104.7	−0.043%	$2.4M	$689K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,105.9	+0.011%	$10K	$154K	10x	as long as short
Entropy io:ANTH	+0.0059%	1h	2,149.9	+2.101%	$34.8M	$7.7M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,105.3	−0.017%	$10K	$63	10x	as long as short