Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%

Price spread now: Extended against SunX−0.043%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.043% cheaper against SunX than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ANTHROPIC-USDT	2,114.1	0	get 0.0000% / 8h	12m 40s	—	$2.6M	10x
Short	Extended ANTHROP-USD	2,113.2	0.0048	get 0.0006% / 1h	12m 40s	$19K	$38K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.043%Rate

Funding earned: $10.08
Price spread: −0.043% → 0.000%: −$4.31
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$7.23
Costs to cover: 0.130%
Break-even: 12.0 days

Slippage unknown: SunX: live order book, 4 min ago; Extended: 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 SunX live order book, 4 min ago	497.31 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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
Coinbase International ANTHROPIC-PERP-INTX	−0.0376%	1h	2,123.7	+0.455%	$267K	$26K	5x	as long as short
HTX ANTHROPIC-USDT	−0.0279%	8h	2,116.4	+0.106%	$42K	$70K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,113.6	−0.025%	$1.4M	$1.5M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,172.8	+2.777%	$1.9M	$862K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,160.8	+2.210%	$2.4M	$381K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,174.1	+2.838%	$4.8M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,160.9	+2.213%	$2.5M	$1.2M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,108.8	−0.253%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDTlong	0.0000%	8h	2,114.1	long leg	—	$2.6M	10x
Phemex ANTHROPICUSDT	0.0000%	8h	2,114	−0.003%	$1.6M	$377K	10x	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	2,174	+2.833%	$6.3M	$17.3M	5x	as long as short
Extended ANTHROP-USDshort	+0.0048%	1h	2,113.2	−0.043%	$19K	$38K	10x
Aster ANTHROPICUSDT	+0.0050%	8h	2,113.5	−0.026%	$123K	$7K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,113.7	−0.021%	$32.0M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,114.3	+0.008%	$7.8M	$280K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,120.1	+0.282%	$478K	$21K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,108	−0.288%	$2.3M	$515K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.7	−0.301%	$10K	$157K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0074%	8h	2,113.2	−0.044%	$268K	$260K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,111.8	−0.110%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0121%	1h	2,162	+2.266%	$35.2M	$7.7M	6x	as long as short