Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: Bybit against Aevo+2.250%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Bybit is 2.250% dearer against Aevo than usual: you sell high and buy low (spread +2.250% now, against zero (this spread has no 7-day history yet)): +$225 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ANTHROPIC-PERP	2,107.4	0.0104	pay 0.0013% / 1h	26m 35s	$10K	$63	10x
Short	Bybit ANTHROPICUSDT	2,154.8	0	get 0.0000% / 8h	1h 26m	$2.3M	$424K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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 AevobpFee BybitbpOrdersPrice spread, now +2.250%Rate

Funding earned: −$21.84
Price spread: +2.250% → 0.000%: $224.98
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $176.14
Costs to cover: 0.270%
Break-even: from the start

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 10 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 Aevo no order-book sample	—	—	—	—	—
Sell Bybit live order book, 10 min ago	22.92 bp	65.3 bp −$65	324.2 bp −$3,242	doesn't fit	doesn't fit

Aevo: 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
HTX ANTHROPIC-USDT	−0.0430%	8h	2,109.4	+0.094%	$42K	$69K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0080%	1h	2,120.7	+0.630%	$267K	$25K	5x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,168.1	+2.879%	$1.9M	$904K	5x	as long as short
Bybit ANTHROPICUSDTshort	0.0000%	8h	2,154.8	+2.250%	$2.3M	$424K	25x
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.4	+2.703%	$4.8M	$848K	10x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,107.9	+0.022%	$1.4M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,154.9	+2.250%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,106.1	−0.063%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,112.3	+0.231%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,108.2	+0.038%	$1.6M	$383K	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	2,164.6	+2.713%	$6.4M	$16.5M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,107.5	+0.004%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.8	+0.016%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.7	+0.015%	$32.1M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,109	+0.074%	$7.8M	$274K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	+0.157%	$498K	$25K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,107.8	+0.018%	$2.4M	$625K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106.8	−0.032%	$10K	$164K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0057%	8h	2,108.9	+0.068%	$270K	$260K	20x	as long as short
Entropy io:ANTH	+0.0099%	1h	2,153.3	+2.177%	$35.0M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERPlong	+0.0104%	1h	2,107.4	long leg	$10K	$63	10x