Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.005%

Price spread now: Lighter RH against Variational Omni+2.778%7-day average +3.743% · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.016%−$2 on $10k

Price spread, last 7 days+0.719%+$72 · spread now +2.778%, 7d avg +3.743%

Together, before fees+0.703%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board+$70 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.965% cheaper against Variational Omni than usual: you would sell low and buy high (−$97 if the spread goes back to its 7-day average of +3.743%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ANTHROPIC	2,104.6	0.0050	pay 0.0050% / 8h	3h 03m	$2.4M	$675K	—
Short	Lighter RH ANTHROPIC	2,163.1	0.0032	get 0.0004% / 1h	3m 59s	$6.3M	$16.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Variational Omni. 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 Variational OmnibpFee Lighter RHbpOrdersPrice spread, now +2.778%Rate

Funding earned: −$3.78
Price spread: +2.778% → +3.743%: −$96.53
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$100.31
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; Lighter RH: live order book, 5 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, just now	2.80 bp	doesn't fit	46.6 bp −$466	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	0.23 bp	5.3 bp −$5	12.6 bp −$126	114.6 bp −$11.5K	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	−0.0470%	8h	2,105.9	+0.061%	$42K	$67K	20x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,167.3	+2.977%	$1.8M	$957K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150.1	+2.162%	$2.4M	$351K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.1	+2.825%	$4.8M	$876K	10x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,104	−0.032%	$1.4M	$1.2M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,152.2	+2.258%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,104	−0.030%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,107.9	+0.155%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,105.4	+0.037%	$1.6M	$376K	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0008%	1h	2,123.7	+0.906%	$267K	$25K	5x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPICshort	+0.0032%	1h	2,163.1	+2.778%	$6.3M	$16.2M	5x
Extended ANTHROP-USD	+0.0048%	1h	2,103.7	−0.046%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,104.2	−0.021%	$121K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,104.2	−0.022%	$32.0M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,104.5	−0.005%	$7.8M	$278K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,111	+0.302%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIClong	+0.0050%	8h	2,104.6	long leg	$2.4M	$675K	—
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,103.9	−0.035%	$10K	$156K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0072%	8h	2,104	−0.030%	$225K	$256K	20x	as long as short
Entropy io:ANTH	+0.0093%	1h	2,150.9	+2.198%	$34.8M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,103.8	−0.038%	$10K	$63	10x	as long as short