Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0334%/8h= −36.6% APRpaid last 24h −0.094%

Price spread now: HTX against QFEX+0.006%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ANTHROPIC-USD	2,107.2	−0.0004	get 0.0000% / 1h	34m 07s	$1.4M	$1.1M	10x
Short	HTX ANTHROPIC-USDT	2,107.3	−0.0338	pay 0.0338% / 8h	7h 34m	$42K	$69K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$70.11
Price spread: +0.006% → 0.000%: $0.62
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$91.49
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 2 min ago; HTX: no order-book sample. 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 QFEX live order book, 2 min ago	3.13 bp	8.1 bp −$8	12.8 bp −$128	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-USDTshort	−0.0338%	8h	2,107.3	+0.006%	$42K	$69K	20x
QFEX ANTHROPIC-USDlong	−0.0004%	1h	2,107.2	long leg	$1.4M	$1.1M	10x
Lighter ANTHROPIC	0.0000%	1h	2,169.2	+2.942%	$1.8M	$873K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,154.4	+2.239%	$2.3M	$423K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.8	+2.733%	$4.8M	$840K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,154.4	+2.239%	$2.4M	$1.0M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,106.2	−0.050%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,110.5	+0.156%	—	$2.3M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,107.7	+0.021%	$1.6M	$381K	10x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,164.6	+2.724%	$6.4M	$16.4M	5x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ANTHROP-USD	+0.0048%	1h	2,106.7	−0.024%	$19K	$3K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.6	+0.019%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.3	+0.002%	$32.1M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,108.3	+0.054%	$7.8M	$271K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,114.6	+0.350%	$499K	$74K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,107.3	+0.003%	$2.3M	$649K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106.5	−0.036%	$10K	$171K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0066%	8h	2,107	−0.012%	$271K	$260K	20x	as long as short
Entropy io:ANTH	+0.0100%	1h	2,153.2	+2.183%	$35.1M	$7.5M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.1	−0.003%	$10K	$63	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0104%	1h	2,117.9	+0.509%	$267K	$28K	5x	as long as short