Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against SunX−0.133%7-day average +0.184% · you buy dearer than you sell

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

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+1.794%+$179 · spread now −0.133%, 7d avg +0.184%

Together, before fees+1.794%+$179 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: Phemex is 0.317% cheaper against SunX than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of +0.184%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ANTHROPIC-USDT	2,111.3	0	get 0.0000% / 8h	4h 09m	—	$2.4M	10x
Short	Phemex ANTHROPICUSDT	2,108.5	0	get 0.0000% / 8h	4h 09m	$1.6M	$374K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.133%Rate

Funding earned: $0
Price spread: −0.133% → +0.184%: −$31.71
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$51.71
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 7 min ago; Phemex: live order book, 3 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, 7 min ago	497.08 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	3.63 bp	doesn't fit	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	−0.0428%	8h	2,108.5	−0.135%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0280%	1h	2,123.7	+0.588%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,107.3	−0.191%	$1.4M	$1.2M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.1	+2.596%	$1.9M	$950K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150	+1.832%	$2.4M	$351K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.8	+2.534%	$4.8M	$865K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,155.3	+2.083%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,105.4	−0.281%	$26.0M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDTlong	0.0000%	8h	2,111.3	long leg	—	$2.4M	10x
Phemex ANTHROPICUSDTshort	0.0000%	8h	2,108.5	−0.133%	$1.6M	$374K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,164	+2.496%	$6.2M	$16.1M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,106.8	−0.214%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.5	−0.178%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.7	−0.168%	$32.0M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,108	−0.158%	$7.8M	$279K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	−0.029%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,107.2	−0.196%	$2.4M	$681K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106.9	−0.210%	$10K	$151K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0074%	8h	2,107.7	−0.169%	$269K	$256K	20x	as long as short
Entropy io:ANTH	+0.0082%	1h	2,152.8	+1.966%	$34.9M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.4	−0.185%	$10K	$63	10x	as long as short