Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.024%

Price spread now: Entropy against Variational Omni+2.316%7-day average +3.331% · you sell dearer than you buy

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

Long on Variational Omni Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.099%+$10 on $10k

Price spread, last 7 days+1.170%+$117 · spread now +2.316%, 7d avg +3.331%

Together, before fees+1.270%+ Points / potential airdropVariational Omni: Active · farm board+$127 on $10k · with fees, hour by hour

Funding pays, the price is against you. Entropy is 1.014% cheaper against Variational Omni than usual: you would sell low and buy high (spread +2.316% now, against its 7-day average of +3.331%). If the spread goes back, that is −$101 on $10k: about 40 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ANTHROPIC	2,107.9	0.0050	pay 0.0050% / 8h	34m 26s	$2.3M	$655K	—
Short	Entropy io:ANTH	2,156.7	0.0135	get 0.0017% / 1h	34m 26s	$35.0M	$7.5M	6x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee EntropybpOrdersPrice spread, now +2.316%Rate

Funding earned: $17.83
Price spread: +2.316% → +3.331%: −$101.43
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$101.6
Costs to cover: 0.180%
Break-even: 46.9 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Entropy: 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 Variational Omni RFQ quote, 5 min ago	3.30 bp	doesn't fit	29.3 bp −$293	doesn't fit	doesn't fit
Sell Entropy live order book, 3 min ago	0.23 bp	15.6 bp −$16	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	2,109.1	+0.060%	$42K	$69K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,107.9	+0.003%	$1.4M	$1.1M	10x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,153.7	+2.175%	$2.3M	$422K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,165	+2.710%	$4.8M	$852K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,154.5	+2.213%	$2.4M	$1.0M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,105.2	−0.127%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,112.3	+0.210%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,109.1	+0.058%	$1.6M	$382K	10x	as long as short
Lighter ANTHROPIC	+0.0008%	1h	2,172.5	+3.066%	$1.9M	$877K	5x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,170.1	+2.952%	$6.5M	$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	2,107.7	−0.010%	$19K	$5K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,108.2	+0.016%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,108.3	+0.019%	$32.1M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,108.2	+0.017%	$7.8M	$270K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,112	+0.197%	$499K	$25K	20x	as long as short
Variational Omni ANTHROPIClong	+0.0050%	8h	2,107.9	long leg	$2.3M	$655K	—
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,108.1	+0.010%	$10K	$167K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0076%	8h	2,108.4	+0.023%	$270K	$258K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.9	−0.001%	$10K	$63	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0128%	1h	2,120.7	+0.608%	$267K	$25K	5x	as long as short
Entropy io:ANTHshort	+0.0135%	1h	2,156.7	+2.316%	$35.0M	$7.5M	6x