Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%

Price spread now: Extended against Bitget+0.053%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.053% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ANTHROPICUSDT	2,102.3	0	get 0.0000% / 8h	1h 24m	$25.8M	$3.1M	20x
Short	Extended ANTHROP-USD	2,103.4	0.0048	get 0.0006% / 1h	24m 00s	$19K	$38K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now +0.053%Rate

Funding earned: $10.08
Price spread: +0.053% → 0.000%: $5.29
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$1.63
Costs to cover: 0.170%
Break-even: 8.1 days

Slippage unknown: Bitget: live order book, 5 min ago; Extended: no order-book sample. 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 Bitget live order book, 5 min ago	1.05 bp	7.4 bp −$7	8.6 bp −$86	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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
Coinbase International ANTHROPIC-PERP-INTX	−0.0336%	1h	2,119.1	+0.799%	$267K	$26K	5x	as long as short
HTX ANTHROPIC-USDT	−0.0268%	8h	2,105.4	+0.150%	$42K	$70K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,104	+0.084%	$1.4M	$1.5M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,171.9	+3.312%	$1.9M	$711K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,149.5	+2.249%	$2.3M	$378K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,165.3	+2.998%	$4.8M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,152.3	+2.380%	$2.4M	$1.2M	50x	as long as short
Bitget ANTHROPICUSDTlong	0.0000%	8h	2,102.3	long leg	$25.8M	$3.1M	20x
SunX ANTHROPIC-USDT	0.0000%	8h	2,108	+0.273%	—	$2.6M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,104.3	+0.097%	$1.6M	$374K	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	2,170.2	+3.231%	$6.2M	$17.4M	5x	as long as short
BloFin ANTHROPIC-USDT	+0.0033%	8h	2,103.5	+0.059%	$267K	$260K	20x	as long as short
Extended ANTHROP-USDshort	+0.0048%	1h	2,103.4	+0.053%	$19K	$38K	10x
Aster ANTHROPICUSDT	+0.0050%	8h	2,104.1	+0.089%	$123K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,103.9	+0.076%	$31.8M	$8.0M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,103.9	+0.078%	$7.8M	$274K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,111.9	+0.456%	$476K	$18K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,102.8	+0.024%	$2.3M	$509K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,104.1	+0.089%	$10K	$159K	10x	as long as short
Entropy io:ANTH	+0.0089%	1h	2,160.2	+2.756%	$35.1M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,104.3	+0.096%	$10K	—	10x	as long as short