Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h +0.026%

Price spread now: Coinbase International against Binance+0.536%7-day average +0.348% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$900.903% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)+0.821%+$82 · spread now +0.536%, 7d avg +0.348%

Together, before fees+0.749%+$75 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.188% dearer against Binance than usual: you sell high and buy low (spread +0.536% now, against its 7-day average of +0.348%): +$19 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.5 days. At the pace of the last 7 days (−0.072% in total) that is about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ANTHROPICUSDT	2,110	0.0050	pay 0.0050% / 8h	5h 26m	$32.1M	$7.3M	20x
Short	Coinbase International ANTHROPIC-PERP-INTX	2,121.3	−0.0024	pay 0.0003% / 1h	26m 37s	$268K	$26K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now +0.536%Rate

Funding earned: −$15.54
Price spread: +0.536% → +0.348%: $18.78
Slippage, 4 orders: −$70.35
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$87.11
Costs to cover: 0.903%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Coinbase International: live order book, 19 min ago.

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 Binance live order book, 8 min ago	1.52 bp	17.7 bp −$18	40.7 bp −$407	doesn't fit	doesn't fit
Sell Coinbase International live order book, 19 min ago	17.19 bp	22.3 bp −$22	50.2 bp −$502	doesn't fit	doesn't fit

ANTHROPIC on 21 exchanges

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	−0.0377%	8h	2,110.7	+0.032%	$42K	$69K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTXshort	−0.0024%	1h	2,121.3	+0.536%	$268K	$26K	5x
QFEX ANTHROPIC-USD	−0.0004%	1h	2,110	−0.002%	$1.4M	$1.0M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,169	+2.795%	$1.9M	$842K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,152	+1.990%	$2.3M	$377K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166.4	+2.672%	$4.8M	$675K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,156.2	+2.190%	$2.5M	$991K	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,108.9	−0.051%	$26.0M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,113.8	+0.179%	—	$1.7M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,111.3	+0.059%	$1.6M	$354K	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,163.6	+2.539%	$6.1M	$16.7M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,109.3	−0.033%	$10K	$11K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,109.6	−0.021%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDTlong	+0.0050%	8h	2,110	long leg	$32.1M	$7.3M	20x
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,110.2	+0.010%	$7.8M	$246K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,118	+0.376%	$499K	$218K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,109.8	−0.011%	$2.3M	$672K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,110.3	+0.013%	$10K	$189K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0071%	8h	2,110.4	+0.018%	$274K	$246K	20x	as long as short
Entropy io:ANTH	+0.0097%	1h	2,154.8	+2.122%	$35.1M	$7.0M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,110.5	+0.023%	$10K	$63	10x	as long as short