Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Bitget against QFEX+0.023%7-day average −0.271% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 7 days−0.696%−$70 · spread now +0.023%, 7d avg −0.271%

Together, before fees−0.693%−$69 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: Bitget is 0.294% dearer against QFEX than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.271%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ANTHROPIC-USD	2,105.7	−0.0004	get 0.0000% / 1h	56m 29s	$1.4M	$1.0M	10x
Short	Bitget ANTHROPICUSDT	2,106.2	0	get 0.0000% / 8h	6h 56m	$25.9M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0.74
Price spread: +0.023% → −0.271%: $29.41
Slippage, 4 orders: −$15.84
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$7.69
Costs to cover: 0.378%
Break-even: 79.9 days

Slippage from QFEX: live order book, 5 min ago; Bitget: live order book, 2 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, 5 min ago	3.16 bp	8.9 bp −$9	15.6 bp −$156	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.02 bp	6.9 bp −$7	22.4 bp −$224	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	−0.0455%	8h	2,106	+0.013%	$42K	$68K	20x	as long as short
QFEX ANTHROPIC-USDlong	−0.0004%	1h	2,105.7	long leg	$1.4M	$1.0M	10x
Lighter ANTHROPIC	0.0000%	1h	2,167.1	+2.915%	$1.8M	$820K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,148.7	+2.043%	$2.3M	$429K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.5	+2.791%	$4.8M	$799K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,151.7	+2.185%	$2.4M	$980K	50x	as long as short
Bitget ANTHROPICUSDTshort	0.0000%	8h	2,106.2	+0.023%	$25.9M	$3.2M	20x
SunX ANTHROPIC-USDT	0.0000%	8h	2,110.1	+0.208%	—	$2.1M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,106.3	+0.027%	$1.6M	$373K	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0008%	1h	2,117.9	+0.580%	$267K	$26K	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	2,162.2	+2.682%	$6.4M	$16.0M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,105.1	−0.027%	$19K	$3K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,106.3	+0.030%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,105.9	+0.007%	$32.1M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,106.6	+0.040%	$7.8M	$255K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,115.2	+0.448%	$500K	$116K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.6	+0.044%	$2.3M	$630K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,108.7	+0.142%	$10K	$176K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0066%	8h	2,105.8	+0.005%	$271K	$257K	20x	as long as short
Entropy io:ANTH	+0.0092%	1h	2,152.7	+2.231%	$35.1M	$7.4M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,105.5	−0.012%	$10K	$63	10x	as long as short