Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.041%

Price spread now: Coinbase International against SunX+0.299%7-day average +0.454% · you sell dearer than you buy

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

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)+2.469%+$247 · spread now +0.299%, 7d avg +0.454%

Together, before fees+2.502%+$250 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.155% cheaper against SunX than usual: you would sell low and buy high (spread +0.299% now, against its 7-day average of +0.454%). If the spread goes back, that is −$16 on $10k: about 13 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.033% in total) that is about 33 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ANTHROPIC-USDT	2,115	0	get 0.0000% / 8h	4h 54m	—	$1.6M	10x
Short	Coinbase International ANTHROPIC-PERP-INTX	2,121.3	0.0040	get 0.0005% / 1h	54m 51s	$268K	$25K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SunX. 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 SunXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.299%Rate

Funding earned: $8.4
Price spread: +0.299% → +0.454%: −$15.51
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$25.11
Costs to cover: 0.180%
Break-even: 27.9 days

Slippage unknown: SunX: live order book, 5 min ago; Coinbase International: live order book, 51 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 SunX live order book, 5 min ago	497.76 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 51 min ago	17.19 bp	22.3 bp −$22	50.2 bp −$502	doesn't fit	doesn't fit

ANTHROPIC on 21 exchanges

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	−0.0383%	8h	2,111	−0.188%	$42K	$70K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0001%	1h	2,110.8	−0.199%	$1.4M	$1.0M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,169.2	+2.563%	$1.9M	$810K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,151.4	+1.720%	$2.3M	$372K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,168.1	+2.511%	$4.8M	$663K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,158.7	+2.068%	$2.5M	$989K	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,109.9	−0.240%	$26.0M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDTlong	0.0000%	8h	2,115	long leg	—	$1.6M	10x
Phemex ANTHROPICUSDT	0.0000%	8h	2,109.1	−0.281%	$1.6M	$356K	10x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,163.6	+2.298%	$6.1M	$16.4M	5x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International ANTHROPIC-PERP-INTXshort	+0.0040%	1h	2,121.3	+0.299%	$268K	$25K	5x
Extended ANTHROP-USD	+0.0048%	1h	2,109.9	−0.242%	$10K	$11K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,110.8	−0.201%	$122K	$7K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,110.6	−0.206%	$32.3M	$7.5M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,110.9	−0.196%	$7.8M	$237K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,119.5	+0.214%	$500K	$254K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,111.1	−0.183%	$2.3M	$715K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,111.4	−0.170%	$10K	$194K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0068%	8h	2,110.7	−0.203%	$275K	$251K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,110.3	−0.224%	$10K	$63	10x	as long as short
Entropy io:ANTH	+0.0140%	1h	2,153.6	+1.825%	$35.0M	$7.0M	6x	as long as short